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newbie question on a domain offer

by edwardsmarkf
8 replies
hello all - i am a total newbie when it comes to this, but here goes:

i have a domain name HOLLYWOODACCENT.COM that is unused. totally out of the blue a week ago i got an offer from the evil godaddy to sell it for $250, so i countered with $750, and then they came back with $600.

so, i listed it on sedo now. i have yet to respond to the offer. but somehow i am thinking this name may be worth a LOT more than i am thinking now.

i really dont want to deal with the evil godaddy for any reason (remember those super-bowl ads?) and am seeking advice from wise-guys who dont mind helping an idiot newbie.

somebody else in this forum suggested ebay, which i had never considered. but i have a hard time imagining ebay is a decent forum for domain names !

any other suggestions for this newbie (other than that newbies should not be using the internet) ???
#domain #newbie #offer #question
  • Profile picture of the author ColdWritingLLC
    Originally Posted by edwardsmarkf View Post

    totally out of the blue a week ago i got an offer from the evil godaddy to sell it for $250, so i countered with $750, and then they came back with $600.

    so, i listed it on sedo now. i have yet to respond to the offer. but somehow i am thinking this name may be worth a LOT more than i am thinking now.

    i really dont want to deal with the evil godaddy for any reason (remember those super-bowl ads?) and am seeking advice from wise-guys who dont mind helping an idiot newbie.

    any other suggestions for this newbie (other than that newbies should not be using the internet) ???
    So you were offered money out of nowhere, you made a wild counter-offer that they were willing to match 80% and over double their initial offer and you think we're going to be able to offer you any advice whatsoever?

    I don't know in what context you'd classify GoDaddy as evil for their advertisements but I think you might want to consider that greed is a far more egregious evil to participate in.

    Secondly, yes, if you have an offer from a company that sells domains then you can be assured that the value of the domain is indeed above their offer. They are a business and they clearly want to resell the name at a higher price. You have repeatedly said, however, that you are a complete newbie and that is the difference between you and GoDaddy - yes, they will get more money for it but that is because they have millions of visitors actively searching their website for domains to purchase already.

    If tomorrow you found a diamond in your yard would you take it to a jewelry dealer or would you open up your own storefront and take out advertising in the newspaper and on television to sell your one diamond? Which would be easier? Which would make you more money? Would the money be worth the extra time, effort, resources, and first time mistakes?
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    • Profile picture of the author TanM
      Well, a domain is worth as much as the buyer is willing to offer. You may get better offers in the future, but there is no guarantee. Some times you have to accept what they are going to offer. Selling standard domains are not so easy unless it is a high traffic .com domain. Average holding time for a good generic domains are over 5 - 7 years. So you may even have to renew it few times before you get another offer, but it's your decision. Also, I don't understand how you come to conclusion that Godaddy is evil??? Of course they are there to do business, just like every other company.

      Cheers
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  • Profile picture of the author hashif16
    I think 600 USD isa nice offer for this Domain name because Domain is not so short, you can sell it that's my opinion..
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    Make offer Via Pm:QUALIENT.COM for sale
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  • Profile picture of the author Alex Greene
    Don't think too much my friend. Just sell it for $600. Who knows if you think too much, you will have to sell it for $10 in future.
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    • Profile picture of the author edwardsmarkf
      well thank you all - i was halfway expecting to hear recommendations on other forums, but the overwhelming consensus seems to be to sell it and then split the money evenly between everybody who answered my post.

      i should have specified: i have never sold a domain name before. i have purchased hundreds of them for other people and businesses but never sold one. i like namecheap.com and 1and1.com for domain registries.

      i suppose i could log into the godaddy website and i could wear surgical gloves, otherwise my hands have a horrible odor that lasts for weeks.
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  • Profile picture of the author RobinInTexas
    I would list it on sedo for $2000 and see what happens. Unless you are short of money over the holiday.

    It may be a long name but it's brandable. you could scrape TMZ and ET and other media sites for content and make a few bucks selling ads.

    They have an interested buyer, or you wouldn't have heard from them. There are more out there.
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    Robin



    ...Even if you're on the right track, you'll get run over if you just set there.
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    • Profile picture of the author JohnTheJock
      I would take the money and move on
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  • Profile picture of the author Sarevok
    Take the money with GoDaddy.

    They might be evil, but at least you won't get a chargeback months later after the transfer happens.

    If you sell the domain elsewhere (and don't use escrow) - this can definitely happen.

    So, make the deal with the devil.

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