Got a call out of the blue to buy my business?

[alleycatnews]

Well I just got a call out of the blue to buy a domain of mine. (not advertised anywhere for sale etc..)
There is something on the domain just basically a landing page for an MLM I use to somewhat work. (I haven't worked it in years)

Anyway no idea what to charge on something like that. I think its a pretty cool domain name and don't think the buyer is interested in that MLM company. But since its a revalant domain to many different people I have held that domain for a while. (now the .net/.info etc.. aren't taken so it may not be that good of domain)

any way I won't put the link here but it is worldwidemlm dot com

Any thoughts on how to come up with a price?

Thanks warriors

[I.M.Retired]

Sedo is now offering a free domain appraisal service for members. There are other sites that offer appraisals, as well, but with all appraisals you do have to take the estimates with a huge grain of salt.

Why not set a price that you would be happy to get for the domain. You can always negotiate if the buyer is truly interested. (And always keep in mind that it is a good idea to use an escrow service when selling a domain!)

[ScottTMc]

I think Godaddy do a valuation of domain names, i have no experience otherwise i would be pleased to help! Maybe try that or google a domain valuation?

Hope you find an answer

[uncle randy 71]

Ask the potential buyer how much he/she is willing to spend for the domain. The old addage in price negotiations still holds true "The first person to name a price loses."

[VegasGreg]

I would say to the interested party something like, "Well, I wasn't planning on selling that domain, but what type of offer are you offering?"

Then let him throw out a number to start things off.

Then you can compare that to what places like Sedo (mentioned above) say and go from there.

I would always see what they offer first before offering a price.

[Scott Ames]

Originally Posted by alleycatnews

Well I just got a call out of the blue to buy a domain of mine. (not advertised anywhere for sale etc..)
There is something on the domain just basically a landing page for an MLM I use to somewhat work. (I haven't worked it in years)

Anyway no idea what to charge on something like that. I think its a pretty cool domain name and don't think the buyer is interested in that MLM company. But since its a revalant domain to many different people I have held that domain for a while. (now the .net/.info etc.. aren't taken so it may not be that good of domain)

any way I won't put the link here but it is worldwidemlm dot com

Any thoughts on how to come up with a price?

Thanks warriors

Just be aware. Sometimes people ask to buy your domain. They pick a nice number like $25,000 then ask for you to pay for an appraisal. All they are after is the commission or fee they get from the appraisal service and once you pay that, you never hear from them again.

[Victor Edson]

The price really depends on what they're willing to pay. They may pay $10,000 for it, or run crying if you ask $500.

Open a conversation with them and get a feel for what they're wanting to do with the site. Let them know you're open to an offer, although the site is currently turning a profit, and you have never considered selling it.

Mention that you don't see a problem taking your customers to another url if the price is right.

You could also do a little research on sitepoint and similar sites to see what price other people are selling urls for. But ultimitaley it all depends on what the buyer is willing to pay.

I hope this helps.

[Gene Pimentel]

The BEST way to get a feel for value for any domain name is to compare it with similar domain names that have actually sold recently. You can do that here: DN Sale Price- Domain Name Sales Price and History (no affiliation whatsoever). Enter your domain name and a few details, and you'll get a list of similar domain names with their actual selling price.

[Jonathan Mizel]

Gene's advice is spot on, that tool has saved my butt a number of times. Also see if the name is takes in other extensions and plurals, as well as check Google Search volume and the number of times the phrase is mentioned using straight Google search (in quotes). This will give you an idea of whether the phrase is commonly used online.

Finally, check to see if the domain gets traffic by parking it or hosting it with a tracker.

Actual details of "worldwide MLM" are...

Search Volume: 590
Google mentions: 35,900

Based on these numbers, I wouldn't pay more than $100 for the name, but if the buyer has a plan and is an end user, it could conceivably go for a few thousand dollars.

Jonathan

[Dean Martin]

Originally Posted by Scott Ames

Just be aware. Sometimes people ask to buy your domain. They pick a nice number like $25,000 then ask for you to pay for an appraisal. All they are after is the commission or fee they get from the appraisal service and once you pay that, you never hear from them again.

What he said!

A month or so ago I received the same email on 20 or so of my domains. All they were after was the commission on the appraisal fee - of which they received none

I've never had an appraisal done on a domain as it's useless information.

The right price is what someone's willing to pay vs. what you're willing to take. I've sold names for $20, some up to $2000 and some I won't sell.

My standard line is "yes, my name is on the whois record but it's actually a domain owned by my client. I'll take your offer to them and see if they're interested in selling." Then I take a couple days to reply.

[InternetMarketingIQ]

It's worth what the buyer will pay. If you quote a price you lose. You let them quote a price and decide if it's worth it to you to sell.

[alleycatnews]

thanks guys it helps I sent him an email. I'll let you know how it goes.