Is this an ok offer to sell?

I would probably let it go for that, unless you have gotten a lot of offers on it than maybe it is worth the wait.

I would sell. I dont think you will get much more. Good luck!

reliablehosters said:

I would probably let it go for that, unless you have gotten a lot of offers on it than maybe it is worth the wait.

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This is the first offer since I registered it in 03

Thanks

grab the $650 then.

I agree with all above!

I would let it go for 650 - sounds like a good offer.

I'm afraid I'll have to be the wrench in the works here. The rules of selling in a no-price specified transaction:

1) never be the first one to specify a price
2) after the other party has specified a price, NEVER accept it.
3) counter back, educating the offeror on the increasing value of domains. I'd counter at $2,000.

You're asking the wrong question. The question “should I sell” is the last one you should ask before holding out your hand to accept a fist full of cash. The first question should be “who is the buyer”. The second is “how much can he afford”.

People who ask questions in the wrong order sell names for $650 instead of $6,500, or $16,500 Unless you are dealing with a high school kid named Ledger Solutions who is looking to start a blog, I'd say you're dealing with a financial firm who charges more than $650 an hour for their services. Do your homework. It will pay off in the end.

You also might want to grab the three worder general name you didn't reg. Why leave a cheap alternative out there.

All good points primacomputer.

1) Grab the next logical alternative(s) to eliminate cheap secondary options.
2) Learn as much as you can about the buyer.
a) intended use
b) how much they can afford

Do a google search for the keywords. I see several firms that develop ledger software products and a variety of firms offering accounting type services.

If in fact this is a company with payroll, you can pitch your counter price in terms of payroll costs. Employers pay $35,000+ per year for basic service labor, labor that generates no leads... why wouldn't they pay $xx,xxx for a domain that can generate new business from type in traffic, SEO advantages, name recognition... qualify the buyer, estimate what they can afford, educate them on value, make your pitch and close the deal.

Upside potential: $xx,xxx
Total loss risk: $650

Go for it !

Thank you very much for all your valuable feedback!

Prima and Idaho right on (rep points given) do your homework and find out weigh both sides if this is a good name for those products why this first offer? Is this a big company or a start up?
Most Importantly are you satisified?

Wisconsin,

Also factor in your own comfort level - if you got the name for reg fee in 2003, are you happy to accept the $650 on offer or do you personally feel it is worth more? If the sale falls through because you have asked for more, can you live with that?

In principal I am always against accepting a first offer unless it is way above my comfort level for that name, but I have lost a few sales where the price offered was above my personal comfort level but where I asked for even more.

While I accept everything said in this thread before me, for your keywords there are only approx 600 pages on Google and personally I would accept the offer and use the money to find some other good keyword names.

IMHO

DavidH

Agree with everyone with your opinions. One sale of mine fall through because the buyer quoted me a $6k price for a domain that she is comfortable selling for $300..No deal in the end. So be careful with the price you quote.

Flora.

650 sounds good to me. If you lose this one, don't know when it'll be 'till somebody else offers.

hard call to make sometimes being too greedy you end up with nothing and then being to easy you end up with little,

Personally, I would take the money and be happy about it.

But, there's another thing: You have to think big in order to get big..

primacomputer said:

You're asking the wrong question. The question “should I sell” is the last one you should ask before holding out your hand to accept a fist full of cash. The first question should be “who is the buyer”. The second is “how much can he afford”.

People who ask questions in the wrong order sell names for $650 instead of $6,500, or $16,500 Unless you are dealing with a high school kid named Ledger Solutions who is looking to start a blog, I'd say you're dealing with a financial firm who charges more than $650 an hour for their services. Do your homework. It will pay off in the end.

You also might want to grab the three worder general name you didn't reg. Why leave a cheap alternative out there.

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Prima, why don't you offer him a $1000, buy it off and continue negotiations on your own if you're so sure?

NEVER - accept the first offer!

Would you make a first offer at your max price? Think about it!

Good discussion, lots to consider and some risk to consider. But, when it's all said and done, I'd sell it to Bill Gates for $650 if I thought it was a good price for the name.

wot said:

Would you make a first offer at your max price? Think about it!

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You would if you have small budget planned for that, or if you have other options and you consider your offer low. You would make first offer your max offer beacuse you would want it to be considered 'reasonable'.

Sell it. If you get too greedy, they might reconsider and try to offer you less later. Sell it right now, the only way I wouldn't go with a first offer would be if it was ridiculously low. $650 sounds more than reasonable to me for that domain.

I greatly appreciate all you excellent feedback! I've learned a lot from all of you!

Midano said:

Prima, why don't you offer him a $1000, buy it off and continue negotiations on your own if you're so sure?

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Because the only thing I am “so sure” of is that my strategy of doing research and negotiating sales from an informed position works well, and has made me a lot of money. I don't have the necessary information about this potential buyer to make a decision.

I would never make a knee jerk decision to buy or sell a name. I would follow my own advice. Do my homework and learn about the buyer. Once I have the information I need (their turnover, profit margins, marketing budget, and what colour knickers the CEOs wife is wearing) I would get back to the buyer. Through a complex series of offers and counter offers I would negotiate a sale for the maximum amount they could afford.

I am not saying this name is worth $30,000. I am not suggesting that anyone be “greedy”. I am saying that one should be informed when entering into negotiations and use that information to maximize the return on the sale.

$650 for the domain Ledger Solutions dot com sounds good to me