Someone wants to buy my domain but I'm not sure of its value.

by 22 replies
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I have been contacted by someone who is interested in purchasing my domain. The domain name is wearitech.com

They seem to be suggesting that they are only partially interested in the domain but have asked me to name a price.

I'm unsure of the value of this domain name as I have not sold one before. Would anyone be able offer insight into its value or if it would be worth putting it on an auction site instead?
#main internet marketing discussion forum #buy #domain
  • I think you would have to be lucky that you find a buyer that sees a brand name in that domain, as it has not that much intrinsic value by itself.

    So if you would list it on an auction site, you would be very lucky to find a buyer that wants to offer some good money.

    I would let them name their price, if you do'nt have any plans with it whatever you get would be fine by me.
    • [1] reply
    • Are you sure this was a genuine inquiry and not one of those scammy companies that constantly send out bulk appraisal emails expressing "an interest" in purchasing a website/domain?

      It was only created on 08-jan-2014 and doesn't load in my Chrome browser.

      Of course I can't be sure, but at a guess I would say you're being scammed.
      • [ 2 ] Thanks
  • Banned
    This sounds like the first part of the "appraisal scam", to me. It's very common.

    What happens is that you reply with a price, and they then ask you to have a (paid) valuation made of the domain-name, at a specific (expensive, paid) "domain appraisal site" which they actually own themselves. If that happens, you'll know for sure that it's a scam.

    Domain-names don't have "objective" values. What they're worth depends on the domain-selling skills of the person selling them.

    What you can sell a domain-name for doesn't depend on where you sell it. It depends on your skills at identifying, approaching and negotiating with people to whom, because of the nature of their own business, the domain-name may have "artificial value".

    In any case, when you're selling a domain, always let the other party name a price/offer first.

    .
    • [ 3 ] Thanks
    • [1] reply
    • I bought the domain to create my own brand but decided to go with something else, so I didn't buy this to re-sell.

      The person contacting me seems genuine and the emails aren't spammy. Never the less I'll ask them to offer their best price and go from there.
  • Banned
    [DELETED]
  • Go to seomastering.com/ & get your site value .
  • Banned
    If the person does NOT request a domain appraisal, sell it for whatever they offer. I doubt that you would get more or even registration fee for it by listing it on a domain site.

    If they ask for an appraisal, run, don't walk. Do not respond.
  • I am usually the first one to tell people their domains stink. Because, of course, they almost always do.

    Learning to identify and acquire domains with intrinsic value is deceptively hard, and the low barrier to entry draws in a lot of suckers.

    While the OP does not claim to be an aspiring domainer, I think he may have stumbled onto a very strong brandable domain.

    Wearable tech is a hot emerging trend. I think if played right, you could fairly easily get a nice payday from this one.

    If you are not a good negotiator, find one fast and hand this over to that person for a commission.

    My gut says you should be able to sell this for low thousands. I have lost count of how many similar threads I have answered here over the years, and I don't think I have ever been this optimistic about one.

    Good luck!
    • [ 3 ] Thanks
    • [2] replies
    • Well that's a bit of a curve ball!

      I did purchase this domain for the wearable technology sector but the subject didn't interest me enough to continue long term. I think the domain is brandable and it isn't complete gibberish, but then again I don;t know if this is enough to make it valuable.

      The fact that I've had interest in the domain is the only reason why I thought it might have some value. Clearly differing opinions here so I'm still none the wiser

      I don't want to let the domain slide even if its only worth $30, then again I don't want to sell it for $30 if someone might pay $3000.
      • [1] reply
    • That's exactly what I had in mind.

      The OP can even sell it to a big tech company that can perhaps re-redirect to their main website. It's not exactly what people will search for, but it's good enough.
      • [ 1 ] Thanks
  • Try to do some research on the sender and see if they are associated with a company with an iTech brand or if they are just an affiliate webmaster.
    • [1] reply
    • So would the best course of action be to contact some tech websites/ companies and see if they would be interested in the domain?
      • [1] reply
  • A bird in the hand...

    Considering that you weren't even thinking of selling it before this, I wouldn't waste too much time or get greedy with it.

    My earlier gut estimate would likely be a "best case scenario" and may not be realistic for the short term.

    If your original interested party is willing to make an offer you will be happy with, I would make the deal and consider it found money.
    • [1] reply
    • True, I don't intend to get greedy and any money gained is money I didn't expect to gain.

      Never the less, firing off a few emails to select websites won't do any harm, if nothing comes of it I'll accept the other offer.
  • I once had a guy email me about my domain name, I told him to ring me if he was serious.

    He rang and I threw a stupid price of 5K out there.

    After some back and forth we agreed on 2k, we used an escrow service for the transaction and it went A.O.K.

    Not bad for 6.99 domain name.

    In short if they want the domain bad enough, then get them to contact you outside of email. If its genuine then they will and you can negotiate a price.

    Be sure to throw a stupid price out there first, as you never know the value to the end user.
    he might think 2k is a steal where your thinking If I can get $100 I am happy.

    Do be careful, but these things do happen sometimes.

    Take Care

    Oda
    • [ 1 ] Thanks
  • I would take what I could get then roll it into another project. Take for "EXAMPLE" I'm selling a domain with site next week for a smoking deal and free consultations to it so I can focus on another project. Who ever buys that one will surely get a deal because I really need to put my blinders on for my new project.

    Take what you can get.
  • You know, I wasn't even looking at this as "wear itech"

    I was looking at it as a single, brandable term "wearitech"

    If "itech" is a heavily tm'd term, you are best off selling it as is for whatever you can get.

    If you ever did decide to develop it, I think that would be a great name for a brand (but I would run it by an IP attorney first)
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