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Are they offering me enough for this domain?

by lsilver
24 replies
I've owned a domain for about 5 years now. Had an idea, got the domain, and just parked it until it was time to launch. I just started building out the site (niche not really relevant).

I was contacted by someone that owns the .net version of the domain (I have the .com, and got it before them). They have a "real" (not IM) business. The .net version is the primary domain for them (not smart for them but good for me). And while they have a "real" business, the niche is actually very related to what I was developing.

So they'd like to buy the domain. I'll reveal the offer but before I do so I'd like to get some ideas from people on what they would accept.

If I weren't going to actually use the domain I'd clearly sell it. But it's about 3 weeks away from launch. And given that we're in the same niche, it's clearly more valuable since I'll probably pick up some of their traffic from people who go to .com instead of .net. It's also a very clever name for the niche and probably not one I'll easily replace.

So, what would you accept in this situation?
#domain #offering
  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by lsilver View Post

    I'll reveal the offer but before I do so I'd like to get some ideas from people on what they would accept.
    This one's really perplexing: you want "ideas from people" on what they'd accept for a domain-name, the figures to be suggested on the basis of their not knowing what the domain-name is?
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    • Profile picture of the author lsilver
      Originally Posted by Alexa Smith View Post

      This one's really perplexing: you want "ideas from people" on what they'd accept for a domain-name, the figures to be suggested on the basis of their not knowing what the domain-name is?
      I don't think it matters what the domain name is. It's not a dictionary name, and without this other business around it would have minimal value. It's sole value comes from the fact that there is a business that bought and grew their site using the .net version and that my niche is related to theirs.

      But I do understand I'm not giving up a lot. Posting the domain name wouldn't be too smart, I would think.
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by lsilver View Post

        Posting the domain name wouldn't be too smart, I would think.
        It would if you want to know what people would take for it. I've sold a couple of hundred domain-names, but believe it or not I knew what they all were, when I decided what to take for them.
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        • Profile picture of the author jimenywo
          Why not take it all the way to and past the launch.

          Make them sweat, divert some of their traffic, etc....then negotiate from that point. Bet you might triple your money from the current offer.
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  • Profile picture of the author Murphysmurfy
    Why not tickle their jimmies?

    YOU are in control of the situation, so make them give you what you want!

    When they get the domain, they will be making more money, so it's worth to overspend for it!

    Remember: A bird in the hand is better than two in the bush!
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  • Profile picture of the author talfighel
    I would test out the website to see what kinds of conversions I get. If I like the number of sales, then I would keep that domain to myself. No need to sell it.
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  • Profile picture of the author agmccall
    Originally Posted by lsilver View Post

    I've owned a domain for about 5 years now. Had an idea, got the domain, and just parked it until it was time to launch. I just started building out the site (niche not really relevant).

    I was contacted by someone that owns the .net version of the domain (I have the .com, and got it before them). They have a "real" (not IM) business. The .net version is the primary domain for them (not smart for them but good for me). And while they have a "real" business, the niche is actually very related to what I was developing.

    So they'd like to buy the domain. I'll reveal the offer but before I do so I'd like to get some ideas from people on what they would accept.

    If I weren't going to actually use the domain I'd clearly sell it. But it's about 3 weeks away from launch. And given that we're in the same niche, it's clearly more valuable since I'll probably pick up some of their traffic from people who go to .com instead of .net. It's also a very clever name for the niche and probably not one I'll easily replace.

    So, what would you accept in this situation?
    Since you won't tell us the domain or the offer then I would suggest. YES sell it today it is a great deal. Don't wait, you could lose.

    Thats my advice, you get what you pay for
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    • Profile picture of the author JohnMcCabe
      What figure would it take for you to be happy walking away from the domain?

      If their offer is greater than or equal to that number, take it and don't look back.

      If it's less, and you'd be just as happy keeping and developing the domain, counter with the number you came up with above.

      Either they will give you your price or you get to keep something you want to keep. Heads you win, tails you win...
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  • Profile picture of the author jpsween88
    I would consider looking at how much they are willing to give you for it compared to how much income you could make by doing your product launch. Not to mention all the maintenance and clerical work that comes with owning a site. If the price is right money up front my be a better choice imo
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  • Profile picture of the author salegurus
    So you won't divulge the domain name or how much they offered for it?
    How do you expect to get serious answers, evaluations?
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  • Profile picture of the author Gengis
    Whatever you feel this domain is worth to you is what you should take for it..
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  • Profile picture of the author Troy_Phillips
    What you going to do when they quit being nice and decide you are infringing on their trademark? If their business is older than your domain purchase .. it is possible.
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    • Profile picture of the author Dennis Gaskill
      Originally Posted by lsilver View Post

      I don't think it matters what the domain name is.
      It absolutely matters what the domain name is. Would others want it if you put it up for sale publicly? There's a big difference in value if 100 people want a one-of-a-kind product as opposed to just one.
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  • Profile picture of the author justinshaw
    Yeah, no one can really answer what the domain is worth with how little information you've given.

    If, say, your domain was installingflooringdesmoines.com it's going to be worth a lot less than if your domain was hardwarestore.com

    So yeah, there's basically no way we can tell you what your domain is worth.
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  • Profile picture of the author UMS
    Like most business/trading, it all comes down to a price that the buyer is willing to pay and the seller accepting that offer.

    If you think they have a good offer, take it.

    If you think their offer is too low, then go back to them with a price you'd be willing to accept.

    You can't expect anyone to give you dollar figures without knowing what the business is, what their initial offer is and how keen they might be.
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  • Profile picture of the author Raja Kamil
    Selling domain = confirm money
    Selling product = not yet confirm

    Just calculate how much money you can make with the product launch in 30 days.
    Then, ask yourself, whether, you can sell the product with other domain?
    if yes, selling domain + product launch = extra income

    if not, calculate, how much "opportunity" you are going to give up.

    ps : let them offer you first, from there, you can control the game.
    pps : not all real business making money, come on, you know that right?
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  • Profile picture of the author fenomeno
    Very simple situation according to your post. Answer that domain name is not for sale unless you get offer you cant refuse. Short and sweet, with regards and dont leave open conversation.

    Then you will get message from them with max 50% of their best offer. Then the game will start
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  • Profile picture of the author sbucciarel
    Banned
    Kind of like asking if they're offering enough for a house without seeing the house. All domains are not created equal
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  • Profile picture of the author iAmNameLess
    Perhaps he doesn't want someone to contact the company and help them get the domain for free if there is some sort of trademark violation or copyright involved.

    If they approached you, sell it, because the next step for them is to take legal action to get their domain.
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  • Profile picture of the author dukegman
    Dude, you should sell the domain name to be on the bright and safe side. They can easily file a trademark infringment case against you if their business is older than your domain. So act smart.
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  • Profile picture of the author bwh1
    Something has a value based on what someone is willing to PAY for, not what you ask for.

    To evaluate the value of the business they expect online you should at least mention the market they are in, and what average customer value they see over the traffic for your keywords.

    If they can close 10 deals over the traffic over YOUR domain worth 20k a month, you definitely have a better position to negotiate then if the domain is for a local bakery shop.

    You have to ask the right questions to get the right answers buddy.

    G.
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    • Profile picture of the author Alton Hargrave
      I think your domain is worth $162.78.

      Give or take a little....or a lot.

      How in the world do you think we would know. No details. This is akin to telling a mechanic that your car "wont go" and expecting an estimate of the cost to fix it. All he can say is "dont know".
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  • Profile picture of the author Gozang
    I would definitely sell it if the price was decent.

    Once I was also offered $1000 for a domain which I bought for 19 bucks from godaddy auction. I refused to sell the domain expecting few hundred dollars more. I still have that domain and now I feel that I should simply grabbed 1000 bucks and invest that money in other domains.
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  • Profile picture of the author David Micheal
    Just sell your domain.
    Do your own calculation how much you will sell for that domain.
    Use the money that you get to open more business online.
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