Someone wants to buy my domain... how much should I ask for??

11 years ago

The best advice I can give you is to get what it's worth to you.

You can ask them what their reasoning for is behind owning the domain - which could also give you a better idea of how to evaluate their offer.

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KingRoyal

11 years ago

Originally Posted by Justin Lewis

The best advice I can give you is to get what it's worth to you.

You can ask them what their reasoning for is behind owning the domain - which could also give you a better idea of how to evaluate their offer.

This is the best advice in the whole thread. I have some pretty stellar domain names myself, however, If I sold them, I would never use a broker. Id just try to get what I though the domain was worth to me, or for how much I would find myself paying for it if I was in the buyers shoes.

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travlinguy

11 years ago

I wouldn't begin to guess. Here's what I would do. I'd tell them that you weren't really thinking of selling but for the right offer you might consider it. And then let them throw out the first volley. There's an old saying in business, the first one to mention a number loses.

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selma

11 years ago

This is what the person wrote to me....

We are starting a non-profit organization here in ______ and it's name is going to be ________ with the initials spelling out LUMANA.
We have noticed that you have registered the domain name of lumana.com back in 2004 and have yet to launch a website.
Would you be willing part with that name so we can proceed with our original name and website planning?
Please get back to me as soon as you can so we can further discuss the domain of lumana.com.
Thank you in advance and I hope to be hearing back from you with a positive reply.

Thanks
1 reply

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GuruGuna

11 years ago

Originally Posted by selma

This is what the person wrote to me....

So I have sold many domain names. Here is what you need to know based on what I read between the lines of what they sent you...

This tells me that someone wants the domain name "badly." They want to low ball the offer therefore they are fronting a not for profit. This does not mean they are a not for profit. If they say they are a not for profit, they hope that you will let it go for less. So that is point number one.

The domain is worth what the end user is willing to pay for it. Therefore, don't give out a price. Let them give you a price they are willing to pay for. I've had offers that started at $200 which I finished off in five digits. So negotiate.

Third, always ask for the payment through escrow services. If they are paying substantial amount, they will pick up the escrow fees as well and they wouldn't mind using the service because it protects them.

I can go on forever! but I will stop. Sold and purchased a lot of domains in my life!

PM me if you need me to blab any more!!! Good luck.

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Justin Says

11 years ago

Originally Posted by GuruGuna

So I have sold many domain names. Here is what you need to know based on what I read between the lines of what they sent you...

This tells me that someone wants the domain name "badly." They want to low ball the offer therefore they are fronting a not for profit. This does not mean they are a not for profit. If they say they are a not for profit, they hope that you will let it go for less. So that is point number one.

The domain is worth what the end user is willing to pay for it. Therefore, don't give out a price. Let them give you a price they are willing to pay for. I've had offers that started at $200 which I finished off in five digits. So negotiate.

Third, always ask for the payment through escrow services. If they are paying substantial amount, they will pick up the escrow fees as well and they wouldn't mind using the service because it protects them.

I can go on forever! but I will stop. Sold and purchased a lot of domains in my life!

PM me if you need me to blab any more!!! Good luck.

Way better than my response

It's all about the value to you and the value to the buyer.

Being a nonprofit, just remember many people also try to trick their way into getting a domain.. not to say they aren't a nonprofit, but make sure first. I've seen people pretend to be one company when they were actually another before buying a domain to get a lower price.

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Sherrill R

11 years ago

Originally Posted by GuruGuna

So I have sold many domain names. Here is what you need to know based on what I read between the lines of what they sent you...

This tells me that someone wants the domain name "badly." They want to low ball the offer therefore they are fronting a not for profit. This does not mean they are a not for profit. If they say they are a not for profit, they hope that you will let it go for less. So that is point number one.

The domain is worth what the end user is willing to pay for it. Therefore, don't give out a price. Let them give you a price they are willing to pay for. I've had offers that started at $200 which I finished off in five digits. So negotiate.

Third, always ask for the payment through escrow services. If they are paying substantial amount, they will pick up the escrow fees as well and they wouldn't mind using the service because it protects them.

I can go on forever! but I will stop. Sold and purchased a lot of domains in my life!

PM me if you need me to blab any more!!! Good luck.

WOW, how do you know that they are not really a non profit?
What will a non profit write?

Thanks
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Rebeccha Haase

11 years ago

Originally Posted by Sherrill R

WOW, how do you know that they are not really a non profit?
What will a non profit write?

Actually you can't be sure that they are telling you the truth. Also, they can be truthful too. Some people may use this lie to get a domain in cheap price.

Thanks
1 reply

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Justin Says

11 years ago

Originally Posted by Rebeccha Haase

Actually you can't be sure that they are telling you the truth. Also, they can be truthful too. Some people may use this lie to get a domain in cheap price.

In life I try to stay optimistic, but at the same time in every business situation I always look at the other end as being dishonest until they prove me otherwise.

I guess it's from experience - knowing that I've been scammed, cheated, and lied to constantly really makes me change my perception of how things work.

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agmccall 11 years ago

Originally Posted by Sherrill R

WOW, how do you know that they are not really a non profit?
What will a non profit write?

A non profit would probably get the .org

al
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- sbucciarel Banned 11 years ago
  
  Originally Posted by agmccall
  
  A non profit would probably get the .org
  
  al
  
  Another non-profit has had the .org for a long time.
  
  Thanks
  
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Dennisknows

11 years ago

Be careful. A little over a year ago, I fell for the "Domain appraisal scam". Someone asked me if my domain was for sale. I had just bought in in anticipation of the iphone 5 release.

Even though I had $2,000 as the sale price, they asked me how much I wanted for it. I directed them to the listing. they then replied "what if you could make $10,000"..

This should have been red flags but I wasn't doing too good financially at the time so I was all ears.

He said he could get me that but I would have to get my domain appraised. He directed me to fake forum post where a few people were going back and forth but all recommending this one site for domain appraisals. It was hosted on a top domain flipping forum. Don't know how they did that but they did it...

I ended up paying for the appraisal ($110) and soon after, I got smart. I decided to google the email he had sent me. Upon further review, I found that hundreds of people had received the exact same email with their own domain name info. It was a scam...

Appraisal came back saying my site was worth $5,000. LOL.. Knowing I had been doupped, I tried to sell him the domain. I told him I had gotten the appraisal and it was only 5k. I offered him a deal. Told him I'd give him 2 domains for 2k.

After going back and forth a few more times, I got smarter. Broke down the emails from the appraisal company and from the "buyer" and they were both coming from the same IP address.

He was never planning to buy my domain. The goal was to get me to do the appraisal. He'd made his money.

I ended up calling his merchant and reporting him for fraud. Submitted a report Goddady that he was running fraud with their service and showed proof with pictures of emails he was sending out.

Got my money back in a few days. I was one of the lucky ones. Many people who aren't as internet savvy as myself, end up counting this as a loss.

I say be very careful with this one. Do thorough research on the company and ask them why they want the domain. This could be the same trick, different method. Using a non-profit seems like a way to soften your heart to work with them.

If they say anything about you needing an appraisal before they buy it, it's a scam. Simply because no one cares about an appraisal really. They have a number in their head. that's how valuable this domain is to them.

Hope that helps..

Originally Posted by travlinguy

I wouldn't begin to guess. Here's what I would do. I'd tell them that you weren't really thinking of selling but for the right offer you might consider it. And then let them throw out the first volley. There's an old saying in business, the first one to mention a number loses.

Good tip

Dennis
The Marketing Menace

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Valdor Kiebach

11 years ago

Originally Posted by Dennisknows

Be careful. A little over a year ago, I fell for the "Domain appraisal scam". Someone asked me if my domain was for sale. ..

He said ... I would have to get my domain appraised.

I have had that tried on me a few times. I always reply along the lines of:
'If you are interested in buying this domain then you pay for the appraisal and I will deduct the cost from the price of the domain'

I never hear from them again.

Thanks

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icemonkey9

11 years ago

Hey Selma,

I really don't know if it has a ton of value. Your site ... well it's not a site. Just a domain out there in outer space. If you have no plans for it, see what they offer.

Pagerank = 0
Alexa = 10,000,000+

Since it's not a company but a non-profit foundation, I wouldn't get your hopes up because that's a game changer. These foundations rarely have money to spend on stuff like a domain name. Maybe do a little research on them, find out if they happen to be funded by the Porsche Family or something. If not, you might have to settle for a 3-figure offer.

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selma

11 years ago

Originally Posted by icemonkey9

Hey Selma,

I really don't know if it has a ton of value. Your site ... well it's not a site. Just a domain out there in outer space. If you have no plans for it, see what they offer.

Pagerank = 0
Alexa = 10,000,000+

Since it's not a company but a non-profit foundation, I wouldn't get your hopes up because that's a game changer. These foundations rarely have money to spend on stuff like a domain name. Maybe do a little research on them, find out if they happen to be funded by the Porsche Family or something. If not, you might have to settle for a 3-figure offer.

Back in the day, before I got married and had kids it was a fashion site. Before it was popular to have blogs and what not, I made enough to shop while I was at University

Thanks

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selma

11 years ago

Guruguna, thanks a million. If the offer is anything worth talking about I will ask for more advice, thanks for the hand. For example, I have no idea what an escrow service is... umm yeah, gotta google that

Thanks

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inudu

11 years ago

Truth is 90% of offers are a waste of time. They may try to steal the domain and resell it. Happens all the time. Best thing is to show strength and say NO to the first couple of offers. If you think it's a good offer, then take it.

Thanks

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sbucciarel

Banned 11 years ago

There is a lumana.org that is a financial services organization to Africa. There doesn't seem to be a US trademark on the name. It's a highly brandable name and I would set the price a bit on the high side, since it's a unique name and obviously someone wants it for their company name. It's also an aged domain. Tell them you want $10K and see what they say. If they say that's too high, tell them to make an offer and go from there, but I wouldn't go real low on it since they really do need that name.

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Gene Pimentel

11 years ago

You simply cannot put a price on your domain based on external factors like PR, backlinks, traffic, etc. If you do, you're selling yourself short. The value of a domain of this type is entirely determined by how badly the prospective buyer wants it.

If you name a price, that is your ceiling. The important thing is to communicate but never discuss price until THEY mention a price. Then work up from that.

There are many situations where naming a price up front is beneficial for a quick sale. However in this case, the domain is important to you. The only way to get what it's worth is to refuse to establish a price, and get them to be the first to mention a price.

Once they do mention a price, realize that it's a low offer. Nobody mentions the real price they're willing to pay. Politely laugh it off and say no thank you, until they arrive at price that is acceptable to you.

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selma

11 years ago

[quote=Gene Pimentel;7957974]The important thing is to communicate but never discuss price until THEY mention a price. Then work up from that.

QUOTE]

THIS IS WHAT THEY WROTE TO ME, after I told them to give me an offer.

Selma,

We are just a small non-profit business organization start-up and could only afford a minimal amount.
What did you have in mind?
Please work with us as we would really like to pick up that domain.

Not sure what to write back.... I really suck at this, totally.... So so thankful for all of you who are responding to this newbie....

So, negotiating, what if they keep hackling me to give them an offer... what do I do or say? Show I just say $10,000 like suggested (that would be AMAZING)

thanks again.

Thanks
2 replies

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sbucciarel

Banned 11 years ago

[quote=selma;7958417]

Originally Posted by Gene Pimentel

The important thing is to communicate but never discuss price until THEY mention a price. Then work up from that.

QUOTE]

THIS IS WHAT THEY WROTE TO ME, after I told them to give me an offer.

Not sure what to write back.... I really suck at this, totally.... So so thankful for all of you who are responding to this newbie....

So, negotiating, what if they keep hackling me to give them an offer... what do I do or say? Show I just say $10,000 like suggested (that would be AMAZING)

thanks again.

Given their response, I doubt that they can or will go $10K. Since they are small, startup, non-profit, they may just not have it. It sounds like they're groveling for dirt cheap. I wouldn't let it go for dirt cheap. When they say minimal amount, make them tell you what that minimal amount is. If they won't, I'd drop it there and wait until they're really ready to negotiate.

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Gene Pimentel

11 years ago

Originally Posted by selma

Originally Posted by Gene Pimentel

The important thing is to communicate but never discuss price until THEY mention a price. Then work up from that.

THIS IS WHAT THEY WROTE TO ME, after I told them to give me an offer.

Not sure what to write back.... I really suck at this, totally.... So so thankful for all of you who are responding to this newbie....

So, negotiating, what if they keep hackling me to give them an offer... what do I do or say? Show I just say $10,000 like suggested (that would be AMAZING)
thanks again.

First of all, always take their claims with a large grain of salt. MANY potential buyers will make up stories to try to convince you to sell cheap. I'm not saying to distrust that they are a non-profit with limited budget, but don't base your negotiation on those things until you can verify them.

sbucciarel is right on the money. Make them mention a starting point first. If they keep asking YOU for a price, just tell them thank you for your time but the discussion is over. Don't email them again after that. When they come to their senses (if they really do want the domain), they will make you an offer eventually.

It's highly unlikely they will ever mention a price with four figures, let alone five. But whatever they offer, it's a starting point and only you can decide at which price you'll be willing to sell.

Thanks

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webcosmo

11 years ago

Go along with them, and tell them since they`re a non-profit, you would like to know how much they are thinking to pay for it, let them understand you are willing to help them. And when you know the amount they are willing to pay, then you decide if you should charge double or just say you can`t afford losing that domain name and th`ts that.

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WeavingThoughts

11 years ago

A domain is only worth what somebody is willing to pay for it.

Anyway, make sure that you don't pay for any appraisal or anything. And that you either do it via escrow or charge upfront via a safe method.

Write back to them:

I am not very experienced with selling domains, so I was wondering as to how much you want to spend on this. Just give me a ballpark and I will let you know my decision either way.

Thanks
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sbucciarel

Banned 11 years ago

Originally Posted by WeavingThoughts

A domain is only worth what somebody is willing to pay for it.

Anyway, make sure that you don't pay for any appraisal or anything. And that you either do it via escrow or charge upfront via a safe method.

Write back to them:

I am not very experienced with selling domains, so I was wondering as to how much you want to spend on this. Just give me a ballpark and I will let you know my decision either way.

A one word aged brandable domain as nice as this one is not one to let go for peanuts and I certainly wouldn't play dumb and tell them I'm inexperienced with selling domains. I would make them give an offer and go from there and if the final offer is too low and they're playing the sympathy card (startup non-profit), let them go. She's held onto it this long. The next offer might be a bigger fish who's willing to pay for it. It's a very nice domain name.

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Raydal

11 years ago

My experience over the years has been that anytime
someone contacts me about the pricing for any of my
services with a "story" including, is trying to low-ball me.

They should just be able to ask you for the price of the
domain without all of the extras. Why would who they
are determine your selling price?

-Ray Edwards

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sbucciarel

Banned 11 years ago

This reminded me of when I was freelancing graphic design on Elance. A non-profit approached me to do a project and basically, they wanted it for free, because they were a non-profit startup for a "good cause." It may sound harsh, but I told them that I was NOT a non-profit and could not work for free.

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selma

11 years ago

Originally Posted by sbucciarel

This reminded me of when I was freelancing graphic design on Elance. A non-profit approached me to do a project and basically, they wanted it for free, because they were a non-profit startup for a "good cause." It may sound harsh, but I told them that I was NOT a non-profit and could not work for free.

You're awesome!!

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PROBIZ7777

11 years ago

I have not sold a domain as yet. After reading the answers, you might want to ask if they are a (1) NOT FOR PROFIT or a (2) NON-PROFIT. Not for profit is like an ACTIVITY. While non-profit is an organization that is not intended to make a profit. Escrow Service = a third party like an escrow company when you are buying or selling a property. BOTTOM LINE: Ask THEM how much they are willing to pay!

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selma

11 years ago

Just to update everyone, they told me they are ready to buy for a couple hundred dollars. I told them, sorry, Im not selling.

Honestly, lol, it's cost me a couple hundred to have, Im not getting rid of it

Thanks
1 reply

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Steve Wells

11 years ago

Originally Posted by selma

Just to update everyone, they told me they are ready to buy for a couple hundred dollars. I told them, sorry, Im not selling.

Honestly, lol, it's cost me a couple hundred to have, Im not getting rid of it

Good job, if they really need the domain, they will offer more. They may be a small non-profit, they may not? Who cares, this is business. They are trying to play on your emotions to a degree, in hopes that you have a giving heart, not that you do not, just that it's their angle to get you to settle for less.

If you really like the domain, and do not have to sell it, keep it. If they really want that domain they will pay for it maybe once their non-profit starts making money for those running it... lol!

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kary yucef

11 years ago

I really want to know how this will end !

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selma

11 years ago

Me too, hopefully with a smile on my face, but doesn't look like it, lol...

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visimedia

11 years ago

I think less than $500 with the value that the domain has.. pr 0 etc...
$500 is the best price, and you can invest that $500 for something else better

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AceOfShirts

11 years ago

I have never bought a domain name just to sell it later for a profit. I always think of a great project, get a great domain, then never start the project (but always intend to). I have seem to have collected close to 100 names now and have ideas for pretty much all of them, but I'll never get around to all of them.

I have one really good domain name that a "non-profit" wanted to buy from me. I was in the same situation as the OP. I came up with a price I was willing to take. I'll say it was $5K.

I emailed back to them that I didn't plan on selling it, but I would for the right price. I told them I had already turned down an offer of $3500.

I never heard back from them.

I think this response gives you a "floor" for them to start without you mentioning how much you want.

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selma

11 years ago

I GOT A RESPONSE:::

Selma,

Why are you hanging on to this particular domain?
Do you ever plan to use it or just maximize on the sale of it?

Thanks
2 replies

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sbucciarel Banned 11 years ago

Originally Posted by selma

I GOT A RESPONSE:::

Well, it's really none of their business why you want it, but I would tell them that I have a site planned for it and that their offer was way too low for you to consider changing your plans.
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sethalexander 11 years ago

Originally Posted by selma

I GOT A RESPONSE:::

Of course you have a site planned! You can use the Wayback Machine and pull your old logo "Live Life Out Loud" and ask their opinion on it ;-)

I have to agree that it's none of their business though.
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sbucciarel

Banned 11 years ago

Just in case they were planning on trademarking that name and trying to get that domain name from you, I would put a site on it. Since the domain name can be anything really, you could put up a simple ecommerce site up selling lights ... lamps all kinds of lighting. That's what I think of when I think of that domain.

Verb
a lumina (third-person singular present luminează, past participle luminat) 1st conj.

to light (to illuminate)
to shine
to enlighten

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selma

11 years ago

They just emailed me AGAIN... this time saying...

Selma,

How much will you need for the LUMANA.com domain?

I wrote them...

Give me your best offer. How much is it worth to you?

----------------------------------

lol... this is too funny.

Thanks
1 reply

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sbucciarel

Banned 11 years ago

Originally Posted by selma

They just emailed me AGAIN... this time saying...

Selma,

How much will you need for the LUMANA.com domain?

I wrote them...

Give me your best offer. How much is it worth to you?

----------------------------------

lol... this is too funny.

They really want that domain name bad. That's always a good thing.

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selma

11 years ago

I smell mooonnnnnnnnnnnnnneyyyyyy

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selma

11 years ago

I GOT THIS EMAIL.... Don't know what to do..... ahhhh... Should I tell him what I want??? Should I say $10,000 or more?? ( I would be happy with $10,000)....

Selma,

Could you please tell me what the least amount you would take for the domain?
We are really serious about getting this domain.
Thank you.

Respectfully,

Thanks
1 reply

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sbucciarel

Banned 11 years ago

Originally Posted by selma

I GOT THIS EMAIL.... Don't know what to do..... ahhhh... Should I tell him what I want??? Should I say $10,000 or more?? ( I would be happy with $10,000)....

Selma,

Could you please tell me what the least amount you would take for the domain?
We are really serious about getting this domain.
Thank you.

Respectfully,

What I tell them is that "I am entertaining several offers and of course, will choose the best offer. Make an offer".

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selma

11 years ago

I told him $250,000

He probably thinks I am nuts.... but he wants a number.... lol...

Thanks
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Spartacus 11 years ago

Originally Posted by selma

I told him $250,000

He probably thinks I am nuts.... but he wants a number.... lol...

lol, any updates?
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pdrs 11 years ago

Originally Posted by selma

I told him $250,000

He probably thinks I am nuts.... but he wants a number.... lol...

lol... I'll bet that might have ended the conversation
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yukon

Banned 11 years ago

Just so you know, some non-profits are multi-million dollar business.

Example, Goodwill, (2011 Annual Report).

Just saying, they're not all as poor as they might lead you to believe.

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AceOfShirts

11 years ago

It's kind of funny now. Just think about their side of the conversation.

I wonder if they are posting on some forum asking people how to deal with a domain name owner that won't give them a price. Their group of friends is probably telling them the same thing we are. Telling them not to be the first one that mentions a number.

Thanks
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NarkoMike

11 years ago

hahahahahahahahahahahaha

Originally Posted by AdvertiseOnMy

It's kind of funny now. Just think about their side of the conversation.

I wonder if they are posting on some forum asking people how to deal with a domain name owner that won't give them a price. Their group of friends is probably telling them the same thing we are. Telling them not to be the first one that mentions a number.

Thanks

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Gene Pimentel

11 years ago

I'll buy this domain name from you for $10. Now you can tell them you have another serious buyer.

:::tongue in cheek:::

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WeavingThoughts

11 years ago

MS used to play such tactics to buy domains for less. Keep that in mind.

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NarkoMike

11 years ago

Many domain brokerage firms go for the Non Profit approach, it helps them get a better price. Regardless in my opinion you need to get as much as possible from your domain, if you have no intentions of doing anything with it then it could be a good time to sell, go on some auction sites place your domain up for auction with a high reserve price and see what happens, if i was to guess and just based on my opinion and intuition i believe there is a buyer out there that would pay at least $3,500 - it might take time to find this buyer!

good luck regardless.

Thanks
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iwowwe4you 11 years ago

On the first place why would you like to sell your domain?
But if you want... You have it from 2004, so you probably have good number of regular visitors who buy from you. Are they part of the offer as well? Most of the websites I buy from from time to time and added to my bookmarks and when I need that product I would just straight go to the website. If those people would sell their domain and emailed me with info, I would never reed it, because all such email are going to the email that I check once in 6 month just to delete everything without checking. And many people do the same. You should keep this in mind when thinking about price of your domain.
I would ask them to make an offer and then double or triple the amount if you are really selling it.
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Joan Altz

11 years ago

Well, personally, I never play cat/mouse with people. I give them a high quote immediately, already knowing what I will settle down for, and if they don't bite with my price or a reasonable offer, then it's no and goodbye.

This no-nonsense approach has always worked for me and doesn't waste my time or the potential buyer's time. More often than not, I get higher than my bottom price, and sometimes I really make out big. The rest are just time-wasters and I get rid of them quickly.