What would you do with this domain name?

by Allen Graves 15 replies
Months ago I purchased a really nice domain name for my local MLB baseball team, the Tampa Bay Rays. Back then, they sucked, but suddenly they are really good and have a quickjly growing audience. I actually forgot I had it until last night!

RaysWatch.com

Someone approached me offering me $2000 for it! But after I did a little research, I have realized I can get a considerable amount more than that since they are now in the playoffs and are speculated to be a great team for the next few years.

So here's my question - Would you sell it, or would you take the chance of putting time and energy into it and develop a website for it, then monetize it?

WHat would you do? I love the team and follow them closely, so the website wouldn't be a problem. Thing is, I could make a quick buck without doing any work!

Finally, what is the best place to try and sell a website for a predetermined price?

Thanks,
Allen Graves
#main internet marketing discussion forum #domain
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  • Profile picture of the author rontoski
    Take the money. We are in trying times. A bird in the hand is worth two in the bush.
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    • Profile picture of the author Eric Engel
      Take the money...you probably won't get an offer again.
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      • Profile picture of the author Mary Gallivan
        Hi Allen

        Not that I know much about what's the best thing to do, I'd be inclined to do a bit more research first and see what the best price is that you can get.

        The first thing that came to my mind when I saw it was 'what a great name for sun worshippers'. It could also be used in the tourist/travel/cruising markets. Just a thought.

        Best wishes

        Mary
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      • Profile picture of the author Adam Kenzington
        I agree, take the money. You have no idea how long their winning streak will last. And, the season is nearly over. Also, you get money for no work done creating a website.

        www.digitalpoint.com is one place you can list your domain for sale. Ebay is another. But I would try to do it "Locally" as this is where the team will have most of it's fans.

        Try going back to the person who made the offer on the Domain Name and negotiate with them. As my grandmother always used to say, "If you don't ask, the answer will always be No."

        Good luck,

        Adam
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        • Profile picture of the author Ricter
          What about selling Rays t-shirts and coffee mugs, etc., should be able to pretty rapidly make $2k (break even with the offer), if they are that popular?
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      • Profile picture of the author Tuzic
        Banned
        hi,

        take the money what are you waiting for?
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  • Profile picture of the author primuskannan
    Develop a website, add value to it, monetize it and you have a monthly earner on your hands. If ever you decide to sell it you can command a good revenue multiple as your selling price.

    Since you love the team then content wouldn't be a problem and you will have the added advantage of enjoying what you write.

    Just my 2c.

    Kulasekaran.

    p.s. http://www.Sitepoint.com/marketplace would be a good place to sell websites.
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    • Profile picture of the author OnlineMasterMind
      I'd flip it.... Besides you forgot about it... it's like finding 20 hundred dollar bills doing the laundry! lol

      Pocket $1900 and spend $100 buying ten more similar ones...

      Congrats
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      • Profile picture of the author OnlineMasterMind
        ok.... I see you're trying to get $12,500 for it. Nice.

        Best place to sell it? Try Sedo.com - but they need to, in essence, "grant you the right" to try and sell it for a premium price...

        I don't know if this domain would qualify but could be worth a shot... but again I'd probably just flip it. Heck, you could buy rays-watch.com and no, the domain in and of itself wouldn't be as valuable ...but you could build it up and probably sell it for just as much in the end

        Good Luck Man...
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        • Profile picture of the author Eric Engel
          If you develop it into a website about the rays, you are proving to any court that the site was registered with the intention to use their TM. You will lose it. Yes--they will take it from you. As long as you have nothing on there, it's just a generic domain name. I'd drop it before they take it.
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  • Profile picture of the author KimW
    I would give Ray his watch back!
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  • Profile picture of the author Mark Brian
    I am also currently holding a potential goldmine domain name waiting for "momentum" to strike. What I've done is put a website, put some unique content, it now ranks on page 1 on Google. Now I am sure when it gets more buzz, its value will skyrocket.

    So I guess it's totally up to you, if you're a high risk type of investor, hold it for awhile and develop it. Or if you feel you absolutely will have no time to actually develop it (like what already happened to you in the last months), the best way is to let it go now and invest $2k in other ways.
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  • Profile picture of the author little_mozart
    give you time. Like next season playoffs. If proven hot, don't sell it
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  • Profile picture of the author KarlWarren
    A few months ago, I would have said sell it... but that would have been based on personal financial circumstances.

    If you have money in the bank and are not reliant on the $2k, I would spend a FULL $1k to develop the site into a portal and community site for Rays fans...

    Monetise it with ticket sales, memorabilia etc.

    Approach their sponsors to see if they would consider sponsoring your site, or advertising on it.

    There is so much you could do with it.
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  • Profile picture of the author Sami
    Allen

    This question of domain valuation and monetization has literally arisen several times this last day or two more son than usual (I think).

    Here are a few of thos places with good info:

    http://www.warriorforum.com/main-int...tml#post145849

    http://www.warriorforum.com/main-int...tml#post145897

    In the latter there is info about how you cna park the domain at Sedo.com ... wait for offers (that you don't have to take) while Sedo put PPC ads in front of your traffic and pay you nice check or paypal deposit every single month depending on the traffic level.

    And you can repoint the domain when you're ready.

    But Allen, I'd say "focus" is a key assett of all successful people. I mean don't you think all successful people get offers of "once in a lifetime opportunity" all the time! But the remain focused.

    You can enjoy your team and your new pot of cash while remaining focused on your main activities. Every new niche has its learning curve and THAT delays success.

    In conclusion I'd say park it temporarily at Sedo (for a couple of weeks) to see what traffic you're getting (with Sedo's stats) and potentailly you'll get offers too. Then decide ... but I'd say sell at a good price.

    BTW, Sedo will also allow you to list in their auction too. And to follow up the good suggestion above about "local marketing" you can do some Craigslist ads to tap into the local market but point them to Sedo to generate more interest especially if you start an auction at Sedo.

    SitePoint.com is probably the place you'll get the highest offer besides Sedo. Generally DigitalPoint is good if you want to buy cheap stuff inc domains.

    Oh, one final point ... with your skills you should be able to do a few good press releases that get picked up by your local media and THAT will generate a heck of clamour for buying the domain off you.

    Finally, you could list yourself on RTIR (Radio & Television Interview Report)

    http://rtir.com/index.html

    Then others including Radio & TV stations will contact you to interview you. May be even your local Radio or TV!!


    Have fun & Good luck
    Sami
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