question Is my asking price reasonable?

[jamaltq]

Hello guys
I have received the following email regarding one of my domain names:

( My name is ---------------- and I am the owner of the company -------------------- . We recently had an issue with our emails from Go Daddy where we did not receive any of their notifications that our domain name was about to expire until it was already too late.
We see that you recently purchased the domain name --------------------. Since our company emails and information is already set up with that domain we would really like to continue to use it instead of having to start over entirely with a new address. I am willing to purchase for a reasonable price the domain. We would like to discuss getting our domain back, as our entire business is tied to it. Your consideration is most appreciated.
Thank you for your time.
Sincerely,)

So, I have asked $4,500 for it.
Do you think guys it is a reasonable price?
Thanks

 

[jideofor]

An impossible question to answer without knowing the domain.

I disagree here... why do you all always want to know the domain name when things like this arises?

 

[jideofor]

LOL $4500 not going to be reasonable to them. Reasonable going to be low xxx (even without knowing the domain) Good luck

best advice here.

 

[johnn]

You need to google and find out.

Pm me if you need my help.

 

[jideofor]

It is not possible at all to post the domain name now.

You do not need to post the domain name.

There are certain factors to consider... does the domain name have other potential end users? Is it a brandable or generic keyword rich? what is the size of their company

If they appear to be the only one and with a small size, I am afraid you may not get your asking price. Just treat them the way you would love to be treated if you were in their shoes.

 

[urlurl]

i would say you liked the name and was planning on using it yourself (so you don't look like you are holding the name hostage) and say you may consider selling it if you find an alternative name (that just so happens to cost $4500)

 

[maksimfa]

If the domain is brandable and they already use it, do you have the time or money to find UDRP claim? Not talking about winning, just if you want to invest money into it.

Anything more than $1,500 and it would be worth it for them to fight it.

Photography business? Ie wedding photography and such? If one or two employees as others have mentioned, it would be a tad costly for them.

$1,000 to $1,500 would be a good number that should be manageable for them and obviously you are making a killing on it.

Then the other philosophical questions, did you buy it strictly because you liked the name or.... saw that it was being used before and were hoping for a situation like this? In that case, what do you value the Karma of screwing over a small business. =)

If it is a large corporation/photography business, I can totally understand a $4,500 target

A bird in the hand is better than 2 in the bush.

 

[Haykay2005]

If the domain is brandable and they already use it, do you have the time or money to find UDRP claim? Not talking about winning, just if you want to invest money into it.

Anything more than $1,500 and it would be worth it for them to fight it.

Photography business? Ie wedding photography and such? If one or two employees as others have mentioned, it would be a tad costly for them.

$1,000 to $1,500 would be a good number that should be manageable for them and obviously you are making a killing on it.

Then the other philosophical questions, did you buy it strictly because you liked the name or.... saw that it was being used before and were hoping for a situation like this? In that case, what do you value the Karma of screwing over a small business. =)

If it is a large corporation/photography business, I can totally understand a $4,500 target

A bird in the hand is better than 2 in the bush.

A good advice you have here bro

 

[hookbox]

$4,500 is a hard hit for any small company. Remember this isn't someone seeking out a domain for their business. They are trying to get back a name they lost, and would still have, for only 10 bucks a year. You may lose an easy sale by asking to much for it.

 

[usernamex]

Hello guys
I have received the following email regarding one of my domain names:

( My name is ---------------- and I am the owner of the company -------------------- . We recently had an issue with our emails from Go Daddy where we did not receive any of their notifications that our domain name was about to expire until it was already too late.
We see that you recently purchased the domain name --------------------. Since our company emails and information is already set up with that domain we would really like to continue to use it instead of having to start over entirely with a new address. I am willing to purchase for a reasonable price the domain. We would like to discuss getting our domain back, as our entire business is tied to it. Your consideration is most appreciated.
Thank you for your time.
Sincerely,)

So, I have asked $4,500 for it.
Do you think guys it is a reasonable price?
Thanks

Hmm so jamaltq had to have purchased this domain in GD Auction/Closeout, is that correct?
Which means that this company DID NOT notice they were missing their web site or emails for around 45 days. That does not sound like a big company to me.

They can react to the $4500 in a few ways:
1] Yes $4500 sold
2] counter lower
3] no way and the sticker shock now that you insulted us we are filing UDRP
4] not interested we'll rebrand

Odds are jamaltq made the right move, let them counter and they will tell you their story, since you have not shared any research history with us yet.

Update as you can : smile :

 

[Sam1234]

If I were you I would just post the domain here. Then people can tell you what they think its worth, and everyone will be in a better position to advise you on the matter. Quoting a price that is way too high could just push this buyer into finding a new domain name, and once they have made up their mind on that they may not care if you drop the price to 1500. Really nobody here can advise you well without knowing the details. We need to know something about the company to determine what they could reasonably pay, and based on that and the quality of the domain name (a factor that your buyer will be seriously thinking about when they see your offer of $4,500) the community here might be able to give you some specific advice.

 

[iAchilles]

I disagree here... why do you all always want to know the domain name when things like this arises?

I don't? But in this case we got absolutely no information in the original post.

Sure we can vaguely discuss the value of the domain with some info on the niche, the business itself and so forth but as many have mentioned there's also the UDRP factor to consider.

If the OP is asking the question on a moral level, this has been discussed at length many times before and each domain investor will likely have differing views of what they consider reasonable.

 

[maksimfa]

Here is the other idea...

Offer to sell it back to them for $100, on the condition that they send out a newsletter to all of their friends and clients advertising you as a domain name acquisition expert. =) You still make money, you do a good deed for them and are likely to get more business out of it in the future. And you also earn a TON of Karma from the business gods.

You never know, you may be in the same position in the future.

I worked with a few businesses and I promise you, most of them used someone else to register their domain and are clueless as to expiration date.

Use it as an opportunity to offer hosting and other services.

 

[jamaltq]

Thank you guys for all responds.
Here is some info's which may help:
- The company is LLC (Limited Liability Company)
- The domain ending with Studios.

 

[omelet]

there was a church back in 2016 contacted me told me I registered their expired domain. After knowing who they were, I decided to give the name for free

 

[omelet]

seriously I think the best price should be $500 ~ $2000.

 

[Sam1234]

Seriously we could be talking about Universal Studios, in which case you would charge about a million. I'm guessing that's your domain? I'm saying a million. Congrats on picking up UniversalStudios.com and becoming a millionaire! What, that's not it? Gee, I guess we don't have enough information then.

 

[Grego85]

My question is, how good is the domain?

If you found it on Godaddy auctions you probably went over how much you thought it was worth in your head before you snagged it. Why not just ask for that price? Don't worry about who is buying it, worry about what you think the domain is worth and ask for that.

 

[DNWon]

Does the business have a trademark on their name?

 

[jamaltq]

Does the business have a trademark on their name?

No.
I have found many companies in Google under the same name.

 

[baseballworld]

Domains only worth what someone is willing to pay for it. First person that has to think it's worth the price is you. If you don't then the sale gets psychologically harder from that point on and you will need some negotiation skills to settle at the final price.

 

[maksimfa]

My question is, how good is the domain?

If you found it on Godaddy auctions you probably went over how much you thought it was worth in your head before you snagged it. Why not just ask for that price? Don't worry about who is buying it, worry about what you think the domain is worth and ask for that.

but you do know that it is a realtively BS answer. Here is why.

The domain is at least two words, catered towards photography business.

This is NOT a domain with a commoditized market such as a single word.com, or a 3L.com or a 4L.com

The "wholesale" value for this domain is no more than $10.

The retail value is whatever the user is willing to pay for it. It is not "real estate". It is digital bytes.

UniversalStudios would be worth millions to Universal Studios and they can pay it....

But Joe Smoe Plumbing may only be worth $50 to Joe Smoe.

But, at the end of the day, the domain WAS used by a business, a registered LLC and making a case that name jacked the domain would be fairly easy to make under UDRP claim. Yes, he may win it, but it would cost him more money to defend the case.

That is why the retail value of this domain really is not more than $1,500, and ideally the OP should get rid of the domain as quickly as possible, before the end user gets legal involved... (especially if emails are now going to OP that were intended for end user).

If it was a generic domain, different story.

In this case, OP.... do the company a favor, and YOURself (goodwill) by having emails forwarded to the company.... while you negotiate a price.

 

[jamaltq]

Yes, it is a generic domain.

 

[Want2learn]

Would a multi million dollar biz drop the ball like this? Is it possible? Yes! Is it probable? No!
How long have they been in business? If their story is true, and you can verify, does that sway you in any way? Just a question, not a judgment! Everyone else seems to have covered other important points!

 

[BrandSac]

just type site:yourdomain.com in google and share the number of results found, check archive.org to see how it was there website and there niche.

 

[DomainVP]

I disagree here... why do you all always want to know the domain name when things like this arises?

Agreed. One can give general advice that applies to basic situations like this.

I don't know the domain, and I don't need to.

Whatever price you ask is fair. They messed up, and as long as you can demonstrate fair use you can ask whatever you want.

"Whoops, I'm an idiot who lost their 'important' domain," is not a defense that the WIPO accepts.

$4500 is VERY generous. They should take it and be thankful it wasn't me. If they sent me a weak eMail like that I would have been extremely generous at $20k.

Think that's a lot? I've read experiences from domainers doing the same thing for $80k. A business partner wanted the domain of the closed business, which he could not get from his partner. Partner let it drop, domainer scooped it up. Something like that...