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.tv Turned down 2 $10k offers for 2 different domains

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gorilla_bob

VIP Member
FreshDrop Staff
Pheenix.com
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Hello,


In the last 2 months, we have turned down 2 offers for $10k ... each for the following domains:

rev.tv
boss.tv

Are we nuts?

Bob
 
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Was your offer through email from a Broker?
 
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Hello,


In the last 2 months, we have turned down 2 offers for $10k ... each for the following domains:

rev.tv
boss.tv

Are we nuts?

Bob

Not real buyers, do not worry you will see real buyers.
 
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Was your offer through email from a Broker?
I waited for your reply about swagato.com and I did not see, wow you did not keep your promise.
 
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I did not make a promise of anything, however I saw you post it at 99 cents, which is crazy
I asked someone about it and they did not want it.
If you were only asking 99 cents I would rather give you $10 and take it off your hands.
 
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I would have taken the money. Especially on Rev. And I would be searching to buy better names with 20k
 
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One man's meet is another man' poison. The big sales don' t come unless you are very mean. Mean I mean, you must be strict to make good money once you know you have the worthy property. God luck, I have no any blame for you but rather learning a good lesson from this. Cheers
 
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Hello,


In the last 2 months, we have turned down 2 offers for $10k ... each for the following domains:

rev.tv
boss.tv

Are we nuts?

Bob

I see all members in the thread are saying you should have accepted the offer for Rev. Révé being the French word meaning dreams , and normally shortted as Rév , And with the extension, perhaps it was for
Website : http://www.rev-tv.eu/ (
Rev-TV)

For me , Rev.tv has more potential than boss.tv.
 
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Why not reach out to the owners of both
bosstv.com and revtv.com and see if they
are interested. There are established sites
that might find them very useful.
 
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Why ask the question?

You assessed the action as "nuts" (which is why you used the word) and then went on to create a thread questioning the behavior... Therein lies the answer.
 
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How did you acquire those domains Gorilla? Did you notice that customers placed backorders for these names on your dropcatch site Pheenix and decide to get in on the action? How do you prevent conflicts of interest?
 
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If I were you I would DEFINITELY NOT have sold rev.tv for 10k. Its worth much more!!

For Boss.tv I probably would have taken the 10k ;) But its a tough call.
 
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Turned down 10k for a LL.tv, so I don't think you're nuts at all.
 
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well if you don't need the money and can hold out, more power to you. its hard to say though will you get higher offers in the future or not? you might not get another offer on those domains again like that or you could sell for far more. its anyone's guess.
 
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FYI, Our price point was low 6 figures or high 5 figures. This is why the deal didn't happen.

I'm sure if i price point was lower a deal could have been struck.
Not sure I see why this prevents you from accepting (or at least countering) the offer. These are not lowball offers. It's a reasonable place to begin a negotiation. I mean, how many prospective buyers are there out there for these names? Now how many of these potentially interested parties would even consider spending more than $10k on one of these names? Take this analysis out 10 years and your pool of prospective buyers hasn't grown by much.

And how much do you seriously think you will make if the stars align just right and one of these prospective buyers decides to step forward and buy the name? Hundreds of thousands of names that are "worth more" never sell, never even get a serious offer from an enduser. They sit on the registrar shelf and get traded among domainers.

On one hand it's all speculation. On the other hand you can calculate (or at least guestimate) the odds. Unless there is private information about these domains that changes the calculus, I think the odds of getting a better offer for BOTH domains is remote. You might get $18k for one in three years, but nothing for the other. You might get nothing that beats the $10k offers ever, for either name. Or you might make six figures on both of them next month.

Again, barring private information, I would have countered, made the best deal I can on both names, and reinvested in the next crop of money makers. Just mho.
 
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Maybe that broker can check out my U-S.tv. I'll sell it today for $10,000.
 
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@gorilla_bob Sorry but with these rejections, you just showed us you have goooood cash on hand. LOL. with so many new tlds and competition form alternatives, if you afford to say no to 2 10K offers, trust me, teh only thing i would bet everything on is that you have money.Thats good though ,but maybe if you ddint have all that money you would accept those offers? LOL. This thread is crazy, funny, interesting and frustrating. thanks
 
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the question to ask is:
imagine you sold both domains for 20K,
can you invest 20K in domains today ,
that you can resell for 500% to XXXX% within 2-3 year ?
 
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In this game, if you keep waiting for "great" prices you'll stay hungry..

This couldn't be further from the truth. When Rick Schwartz was offered 300k for Candy.com and he turned it down and held out for $3mm + equity, I think he got the better end of the deal. Patience is a virtue in this industry. Just look at the LLLL.com, I was hand registering CHPS in 2005-6, now they are worth $2k+ a piece! I had offers to sell at $20 each, which was a 200% profit and I held out for more...sorry but I respectfully disagree with you.
 
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the question to ask is:
imagine you sold both domains for 20K,
can you invest 20K in domains today ,
that you can resell for 500% to XXXX% within 2-3 year ?

good question to ask!
plus, how badly do you need cashflow NOW.
 
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This couldn't be further from the truth. When Rick Schwartz was offered 300k for Candy.com and he turned it down and held out for $3mm + equity, I think he got the better end of the deal. Patience is a virtue in this industry. Just look at the LLLL.com, I was hand registering CHPS in 2005-6, now they are worth $2k+ a piece! I had offers to sell at $20 each, which was a 200% profit and I held out for more...sorry but I respectfully disagree with you.
well Candy.com is an obviously good name, so sorry, its easy to know to wait out a name like that for good offers. Most domainers dont sell or have names that good, so how can we use the same strategy(long waiting) when the name quality is not the same?Every day domainers need to actually apply multiple strategies at once- be patient with some good names iwth potential, sell off bad names or names with no inquiries to resellers, settle for decent end users prices sometimes that dont meet expectations. Just saying that i am ON the truth when we talk about common domainers, which includes me. Just trying to say that we cant wait long for every name in our portfolio. There is a big difference between small profit and no profit. Until that name sells, there is no profit, and ur in the red cash wise...i can always rebuy more good names after selling cheap/below good end user potential. Cheers!
 
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How did you acquire those domains Gorilla? Did you notice that customers placed backorders for these names on your dropcatch site Pheenix and decide to get in on the action? How do you prevent conflicts of interest?
Is that true? Or your guess.
 
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just to be clear,
i had a few good domains that received offers in the X,xxx$,
i never saw a penny of this money,
we created the escrow and the buyers just disappeared at some point, and stopped answering their emails

so you didn't sell anything until the money is in your bank account,
it was a really frustrating experience the first time as it was a 5000$ deal, with the escrow transaction started,
but the guy obviously changed his mind for whatever reason
 
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I do not think it is about needing money or how much he has. In a case like this he has chosen to decline.

You are feeling "nuts" because you are questioning your decision. DON`T!

What good is it to listen to fellow NPers tell you that you "may have done or didn`t do the right thing" this will just confuse you more. (and drive your Nuts):ahhh:

Most on here now have not sold a $5000 domain, so why get their opinion? No knock on Newbies or freshman domainers (see sig)

Great example was my offer to sell V Bet net on NP, I asked $500, no buyers, it was only about a year in a half or so ago. I was PMed by many saying I was asking to much, it wasn't worth it and I turned down some offers. So I pulled it and said to my self, I think I still have something. I never wavered on my decision. I Sold it for $5800 in September as posted #13 on DNJ in Sept. sales list.

My point is, do what you feel, don`t look back and stick to what you believe, you never know what can happen. Win some lose some, don`t get me wrong, I have lost deals also:guilty:, holding out for more on domains I thought were better, and I will continue to make my decisions without regret.

So IMO did you do the right thing? the answer is, it does not matter what I think. :roll:

Best of luck!
 
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