A buyer approached us, but is the offer fair?

fcegene · 07-22-2007, 06:13 PM

A buyer approached us to buy our domain name (soundsystem.com) for $3000. We would sell it. We would like to sell it to him, (since he approached us out of the blue and want's it for his business) instead of a oppertunistic bidder for just a few bucks more. We think it's a good name, we would like to get close to top dollar for it. Any thoughts would be appreciated.

shopperx · 07-22-2007, 06:36 PM

I would ask $15K and negotiate from there, that offer was from a domainer, not an end user.

fcegene · 07-22-2007, 06:50 PM

Really? Is that why they call us newbys? It sounded sincere.

Thanks for the reply

Fewski · 07-22-2007, 09:22 PM

Without a doubt, counter-offer him. That is a great name and IMO, it is worth more than $3,000.

If you need the money and feel fine selling it for $3,000 then sell it - otherwise I would hold off for more.

Bannen · 07-22-2007, 09:58 PM

Originally Posted by fcegene

Really? Is that why they call us newbys? It sounded sincere.

Thanks for the reply

It WAS sincere... any domainer would sincerely like to buy that name for only 3K, ha. I'LL offer you 4K and have it in your bank tomorrow, if you're in that much of a rush. Sincerely. That was a lowball offer, even from a domainer. Rather than here in the newbies threads, put your name up for appraisal in the appraisals section. You'll get a good idea what it's worth.
My appraisal:
from an end user (this name's too good to sell for domainer/reseller price), on an average day it should buy you a nice new car. On a good day, a modest new condo. Depends who makes the bids and how much they want to fight each other for it, if that happens.
????: NamePros.com http://www.namepros.com/domain-newbies/353073-buyer-approached-us-but-offer-fair.html

Be patient. It's a nice name, you'll get a much more hefty price for it than you thought. Do the appraisal thing. Be smart and don't take me up on my offer

Should net you anywhere from 20K realistic minimum anywhere up to over 100K or better.

*nrmillions* · 07-22-2007, 10:01 PM

Counter with at least $50k and see what they say.

BTS · 07-25-2007, 05:39 PM

DEFINATELY no lower than $25K. That name is worth its weight in gold, or thereabouts

labrocca · 07-25-2007, 06:42 PM

$25k minimum to counter...It's a good name and yes...a reseller offered you $3k no doubt.

neroux · 07-26-2007, 04:17 AM

I'd also say 3000 is too low for this name.

champ_rock · 07-26-2007, 06:29 AM

yes i do not think that you should sell it this cheap
and moreover, what is the harm in countering??

GlobalDomainer · 07-26-2007, 07:15 AM

IMHO I think this domain is worth even more then $ 50k. Great keywords and high ovt.

Jasonn · 07-26-2007, 07:53 AM

50k...really? Maybe the plural is worth that much but without the 's' it just doesn't make much sense unless its for a club called sound system or something similar.

JacoH · 07-26-2007, 08:30 AM

Please could I ask you...Did this guy mention that you need an appraisal from securenamesale.com? If this is the case and if he says he invests in domains on a sideline its a domain scam he makes money from his securenamesale.com fake appraisal site. PLEASE BE AWARE OF THIS GUY, HE HAS A REPUTATION!!

If thats not the case, I wish you the best of luck, cause your domain is GOOD!!!

Check out this thread :

http://www.namepros.com/warnings-and...isal-scam.html

Spade · 07-26-2007, 08:47 AM

I do find this domain to be worth substancially more than offered. If you are looking to sell, Im sure you would find much better offers than that. Even I would be offering quite a bit more (perhaps 7-9k) depending on a few metrics...

Good luck.

Justin

fcegene · 07-26-2007, 12:05 PM

You guys are awsome. You've done a lot to educate a newbie to the world of domain name sales. Thanks for all of the advise!!

Gene

comicbookguy · 07-26-2007, 04:38 PM

I have SoundSystem.cc and Soundsystems.cc and I wouldnt sell those for $3K . Dont do it.

Soundsystem gets the traffic , look at the google results.

Soundsystem,com is a Tremendous name. Esibot values it at $165K but We all know thats a estimarte but I think its anywheres from $50K to $80K but developed I think it can hot 6 figures. Do not sell it for less than $25K ( Just incase you need the money).

JacoH · 07-26-2007, 11:45 PM

I agree with DomainSpade

07-22-2007, 06:13 PM	THREAD STARTER #1 (permalink)
fcegene New Member Join Date: Jul 2007 Posts: 11	A buyer approached us, but is the offer fair? A buyer approached us to buy our domain name (soundsystem.com) for $3000. We would sell it. We would like to sell it to him, (since he approached us out of the blue and want's it for his business) instead of a oppertunistic bidder for just a few bucks more. We think it's a good name, we would like to get close to top dollar for it. Any thoughts would be appreciated.

07-22-2007, 06:36 PM	#2 (permalink)
shopperx http://domains.shxp.net Join Date: Jul 2006 Posts: 553	I would ask $15K and negotiate from there, that offer was from a domainer, not an end user. __________________ Poker Domains \| Gambling Domain Appraisal Tool \| Gambling Domain Sales History \| Gambling Domain Trends

07-22-2007, 06:50 PM	THREAD STARTER #3 (permalink)
fcegene New Member Join Date: Jul 2007 Posts: 11	Really? Is that why they call us newbys? Really? Is that why they call us newbys? It sounded sincere. Thanks for the reply

07-25-2007, 05:39 PM	#7 (permalink)
BTS NamePros Member Join Date: Jul 2007 Posts: 45	DEFINATELY no lower than $25K. That name is worth its weight in gold, or thereabouts __________________ Name a Star with buythestars.com Don - Buythestars Domain and Junior Site Technician Experience: BS Degree in Computer Engineering

07-25-2007, 06:42 PM	#8 (permalink)
labrocca NamePros Expert Join Date: Aug 2004 Location: Las Vegas Posts: 6,268 Follow @supportforums	$25k minimum to counter...It's a good name and yes...a reseller offered you $3k no doubt. __________________ :$: Support Forum <-- My latest endeavor.:loveyou: Debate Forums Free Online Sudoku My vBum Blog

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07-22-2007, 09:22 PM	#4 (permalink)
Fewski Senior Member Join Date: Dec 2004 Location: Florida Posts: 2,627	Without a doubt, counter-offer him. That is a great name and IMO, it is worth more than $3,000. If you need the money and feel fine selling it for $3,000 then sell it - otherwise I would hold off for more.

07-22-2007, 10:01 PM	#6 (permalink)
nrmillions NamePros Supporter Join Date: Jun 2006 Location: Boston, MA Posts: 1,912	Counter with at least $50k and see what they say.

07-26-2007, 04:17 AM	#9 (permalink)
neroux NamePros Regular Join Date: Oct 2006 Posts: 971	I'd also say 3000 is too low for this name. __________________ Paris loves CityPics -- Do not let others be treated this way!

07-26-2007, 06:29 AM	#10 (permalink)
champ_rock Senior Member Join Date: Oct 2006 Location: http://akshayjain.org Posts: 2,817	yes i do not think that you should sell it this cheap and moreover, what is the harm in countering??

07-26-2007, 07:15 AM	#11 (permalink)
GlobalDomainer Account Suspended Join Date: Mar 2007 Location: The Netherlands Posts: 778	IMHO I think this domain is worth even more then $ 50k. Great keywords and high ovt.

07-26-2007, 07:53 AM	#12 (permalink)
Jasonn NamePros Regular Join Date: May 2007 Posts: 330	50k...really? Maybe the plural is worth that much but without the 's' it just doesn't make much sense unless its for a club called sound system or something similar.

07-26-2007, 08:30 AM	#13 (permalink)
JacoH NamePros Member Join Date: Jul 2007 Posts: 135	Please could I ask you...Did this guy mention that you need an appraisal from securenamesale.com? If this is the case and if he says he invests in domains on a sideline its a domain scam he makes money from his securenamesale.com fake appraisal site. PLEASE BE AWARE OF THIS GUY, HE HAS A REPUTATION!! If thats not the case, I wish you the best of luck, cause your domain is GOOD!!! Check out this thread : http://www.namepros.com/warnings-and...isal-scam.html __________________ Over 100 new campaigns daily with over 8 000 000 impressions served and delivered monthly - Clicks2Sites

07-26-2007, 08:47 AM	#14 (permalink)
Spade NamePros Expert Join Date: Sep 2006 Location: Carlsbad, CA Posts: 7,848	I do find this domain to be worth substancially more than offered. If you are looking to sell, Im sure you would find much better offers than that. Even I would be offering quite a bit more (perhaps 7-9k) depending on a few metrics... Good luck. Justin __________________ Read my Blog! NameBio.com - Search The Domain Sales Index Buying LLLL.com's ending in "CA"

07-26-2007, 12:05 PM	THREAD STARTER #15 (permalink)
fcegene New Member Join Date: Jul 2007 Posts: 11	You guys are awsome. You've done a lot to educate a newbie to the world of domain name sales. Thanks for all of the advise!! Gene

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

07-26-2007, 04:38 PM	#16 (permalink)
comicbookguy Account Suspended Join Date: Jul 2007 Posts: 443	I have SoundSystem.cc and Soundsystems.cc and I wouldnt sell those for $3K . Dont do it. Soundsystem gets the traffic , look at the google results. Soundsystem,com is a Tremendous name. Esibot values it at $165K but We all know thats a estimarte but I think its anywheres from $50K to $80K but developed I think it can hot 6 figures. Do not sell it for less than $25K ( Just incase you need the money).

07-26-2007, 11:45 PM	#17 (permalink)
JacoH NamePros Member Join Date: Jul 2007 Posts: 135	I agree with DomainSpade __________________ Over 100 new campaigns daily with over 8 000 000 impressions served and delivered monthly - Clicks2Sites