question How much can a CBD processing plant company pay for a domain?

WhoaDomain.com · May 2, 2019

Any experts in the CBD domain niche? I have an exact match for a Colorado company's THREE WORD .com company name . mine is the abbreviated version in 3 letters + CBD.com at the end.

I think they reached out to me via Afternic or efty.

Did a Google for the keywords in my domain and pulled up their company immediately. kinda put a smile on my face.

I know marijuana and CBD industry is huge but just how huge is it as far as say the processing part?

What kind of money do these people have as a budget as a far as buying an exact match abbreviation for their 3 word domain name?

Most of these types are farmers and not online marketeers. so when they decide to create a web address they figure "hmmm I guess a three word domain is good enough. Oh wow! It's available for registration! for only $10! I think I'll get it!"

Then you come around with your 3 letter domain abbreviation for their 3 word domain which you registered a year after they regged theirs.

What are the chances they will buy much less for big money?

I'm already doubting this outbound I did after typing this. lol

outbounds have been dismal lately. makes it hard to be optimistic when ever person you speak to says "Not interested. take me off your mailing list." lol

Your input is greatly appreciated.

in thee end, without knowing the domain how much would a 3 letter abbreviation or word (it's actually a word) + CBD.com be priced at? How much would you ask for it?

fyi this 3 letter abbreviation for their company is also a 3 letter word that sold for high five figures in .net.

WhoaDomain.com · May 3, 2019

Ok just re-read my OP. I did say "I think they reached out to me via Afternic or efty".

Let me explain .

As you know Afternic price inquiries are anonymous.

I may have said the wrong thing there.

So no way for me to know where the inquiry came from.

I price all my domains at $250 min offer as I'm lazy. Lol

So of course people ask for price.

Because of this inquiry I did a google check for the domain's keywords and discover an exact match company. Mind you I have no idea really if it's them but it's a good guess.

The other match could also be a bank in Dubai .

CBD? (Bank of Dubai?)

No way of knowing.

CBD can also stand for Central business district.

With all that info you start to think hey maybe there is money here. Better not price this cheap.

And there you go and here I am bothering everyone.

Grego85 · May 3, 2019

Avtar629 said:
Checky bastard. So what do you think? I'm think the most I can ask for is $10,000 and probably get bargained down to $5k or $6k if I'm lucky.

People these days you can price it at $1 and they still ask for 50 cents.

I've sold domains for way cheaper the market rate but that's only because I'm bad at pricing.

Plus I'm realizing some sales are not reported on Namebio so you really can't accurately price your domains based on Namebio. So in the end you are flying blind.

Again, these are things you factor in when you decide on the value of your domain. Most good domainers factor this BEFORE they ever purchase the name. Not post for the 158th time asking about the value of a domain without actually revealing the name (nice little childish waste of time).

WhoaDomain.com · May 3, 2019

Dave said:
FFS stop basing your domain value around who the potential buyer is. It's a shoddy, unethical and ridiculous business practice. I don't mean to offend you but it really is a ridiculous way of selling domains.

The true value of a domain isn't based on how much money the potential buyer has, it's how much value your domain can bring to said potential buyer.

I agree with Hawkeye, you're dreaming of a price that will unlikely ever come.

I've sold hundreds and hundreds of domains over the years and I can tell you that the amount of 5 fig+ offers is a very small percentage.

Start being more realistic. The real bread and butter for 99% of domain names/registrants is the $xxx to $x,xxx range.

I know this. But hey still my domain and I can be crazy with it if I want to be.

Of course I'll probably be broke doing this but still my domain.

Obviously the reality will seep in when the buyer doesn't want to buy at your price.

Always a safe bet to price high then come around few weeks later for a more reasonable price.

Sure they might go with something else completely. But that's my risk.

Would be nice to make a sale though. Renewals burning a hole in my pockets. Lol

I'm going with $10k then quickly down to $6-$8k if they sound like they are gonna walk.

WhoaDomain.com · May 3, 2019

Grego85 said:
Again, these are things you factor in when you decide on the value of your domain. Most good domainers factor this BEFORE they ever purchase the name. Not post for the 158th time asking about the value of a domain you already purchased, and of course never actually revealing the name (nice little childish waste of time).

As far as not posting the name. Every smart domainer on here has advised me to remove a post of an upcoming sale maybe in case the buyer is savvy enough to use Google and my posts.

So I do the smart thing and it's childish?

I don't want the buyer to read this thread. So I don't want mention the name.

Grego85 · May 3, 2019

Avtar629 said:
As far as not posting the name. Every smart domainer on here has advised me to remove a post of an upcoming sale maybe in case the buyer is savvy enough to use Google and my posts.

So I do the smart thing and it's childish?

I don't want the buyer to read this thread. So I don't want mention the name.

You could have already replied with a realistic price and possibly had the deal wrapped up by now.

Instead you waste time on here, again to simply see if you could get some miracle insight (from the pathetic amount of info offered) as to how much you could possibly extort a certain type of company for a domain you are obviously lucky to even own in the first place. Broken clock stuff there.

bmugford · May 3, 2019

You seem to post a lot of theoretical posts when it comes to sales.

Asking some stupid high price on average quality domains is likely going to hit a dead end.

You need a repeatable business model.
If you want to make sales, ask realistic prices. Rinse & repeat.

Brad

bmugford · May 3, 2019

Avtar629 said:
Handregister a domain for $5-$10? and sell for $100?or $500?

Isn't that the definition of Greed?

If you want to be picky.

if you want to be a kind and generous and not greedy domainer like you imply. why not sell the domain for just double your cost?

But 10 times? or 20 times?

in my opinion anything over double your cost is GREEDY.

so don't come here on the high and mighty please. We're all greedy. just different levels of it.

If you are pricing domains at 2x your cost you will be broke in no time. You have to account for all the domains you don't sell, not just the ones you do sell.

At the same time the odds of proactively contacting end users and making 5 figure sales on average quality domains are basically non-existent.

There is a fine balance.

Brad

Recons.Com · May 3, 2019

Meanwhile, you are reducing your chance of sale by xx%. Very often domain purchase decisions are made on impulse or thinking that might as well change.

Decide on whatever you quote quick, don't wait for discussions on the forum, learn from your experiences and adjust for the next time.

It sounds unethical if you price higher for a buyer who can pay more, but it doesn't if you price high and then discount for the buyer who can't pay enough. The end result, though, is the same

WhoaDomain.com · May 3, 2019

Also there seems to be a theme here that pricing your domain based on the net worth of a buyer is unethical kinda makes me laugh because we all know the other end of this equation

You have a scenario where you registered a domain. Your target buyer now is uptight because you thought of registering their dream domain.

We all know this person wants this domain for Free. And any price above Free is TOO MUCH.

If we are going to be damned anyway might as well go for the gold. Even if it means no sale. You can always come back with cheaper price a few weeks later after you let them sweat a bit.

You think anyone you come across to buy your domain that they feel they could have regged it themselves had we not done so before them will respect you?

In the eyes of all potential buyers domainers are cybersquatters. They have no respect for us. They just see all of us as someone in the way of their business goals.

If buyers had it their way they'd offer $10 max. In fact I have been offered $50 for many domains that are obvious exact matches for their product or service or address.

Is that ethical? To offer $50?

These buyers size you up the moment you contact them. They have no idea about this biz so they think it's a joke. They assume you are the scum of the earth and should be happy with what they offer you. They even tell you "Go get a legitimate job!"

Most don't even get the idea that their dream domain is owned by someone else. Most think that whatever domain they register SHOULD be available. Lol they can't wrap their head around it.

Are these the people we should be "ethical" with?

bmugford · May 3, 2019

Avtar629 said:
Also there seems to be a theme here that pricing your domain based on the net worth of a buyer is unethical kinda makes me laugh because we all know the other end of this equation

Ethical or not it is just bad business.

Not every end user is going to spend that much money for a domain, regardless of their net worth.

Having a high budget is not a reason to make a stupid purchase.

It really depends how much they need it. There are many cases where it will just be another domain in their collection and they don't really need it that bad.

If you price every domain at some ridiculous price it won't work.
You have to pass on way too many good to great offers to make one absurd sale.

By absurd I mean one that is way out of line with the quality of the domain itself, and the only reason the sale price would be high is because the buyer has a high budget.

Avtar629 said:
In the eyes of all potential buyers domainers are cybersquatters. They have no respect for us. They just see all of us as someone in the way of their business goals.

If buyers had it their way they'd offer $10 max. In fact I have been offered $50 for many domains that are obvious exact matches for their product or service or address.

Is that ethical? To offer $50?

These buyers size you up the moment you contact them. They have no idea about this biz so they think it's a joke. They assume you are the scum of the earth and should be happy with what they offer you. They even tell you "Go get a legitimate job!"

Most don't even get the idea that their dream domain is owned by someone else. Most think that whatever domain they register SHOULD be available. Lol they can't wrap their head around it.

Are these the people we should be "ethical" with?

I doubt many of the domains you contact potential buyers about would be considered a "dream domain". If it was they would be making serious offers.

If you are going to contact end users directly you have to get used to rejection, lowballs, bad attitudes, etc. It happens.

Brad

NickB · May 3, 2019

Avtar629 said:
Ok just re-read my OP. I did say "I think they reached out to me via Afternic or efty".

Let me explain .

As you know Afternic price inquiries are anonymous.

I may have said the wrong thing there.

So no way for me to know where the inquiry came from.

I price all my domains at $250 min offer as I'm lazy. Lol

So of course people ask for price.

Because of this inquiry I did a google check for the domain's keywords and discover an exact match company. Mind you I have no idea really if it's them but it's a good guess.

The other match could also be a bank in Dubai .

CBD? (Bank of Dubai?)

No way of knowing.

CBD can also stand for Central business district.

With all that info you start to think hey maybe there is money here. Better not price this cheap.

And there you go and here I am bothering everyone.

The Commercial Bank of Dubai use CBD.ae - I think their pretty happy with that as their main domain.....though they do use other domains as well for marketing purposes...

WhoaDomain.com · May 3, 2019

MrAcidic said:
The Commercial Bank of Dubai use CBD.ae - I think their pretty happy with that as their main domain.....though they do use other domains as well for marketing purposes...

Lol everyone on NP is a detective.

NickB · May 3, 2019

Avtar629 said:
Lol everyone on NP is a detective.

Nah.....I was speaking to them a few weeks ago and had some email correspondence with a few of their senior HR and Tech people and obviously the domain was in them....

They all had an alternative site in their signature which looked like it was for marketing purposes - can't remember what it was, but it .ae as well.

WhoaDomain.com · May 3, 2019

MrAcidic said:
Nah.....I was speaking to them a few weeks ago and had some email correspondence with a few of their senior HR and Tech people and obviously the domain was in them....

They all had an alternative site in their signature which looked like it was for marketing purposes - can't remember what it was, but it .ae as well.

How did you even get them to respond? Usually trying to reach anyone via email is a dead end via the dreaded email screening.

Your emails actually got a reply? Lucky.

NickB · May 3, 2019

Avtar629 said:
How did you even get them to respond? Usually trying to reach anyone via email is a dead end via the dreaded email screening.

Your emails actually got a reply? Lucky.

Called them first.....

hawkeye · May 3, 2019

Avtar629 said:
If we are going to be damned anyway might as well go for the gold. Even if it means no sale. You can always come back with cheaper price a few weeks later after you let them sweat a bit.

And how has/is this strategy working out for you so far?

You do spend an awful amount of time trying to get others here to agree with your ‘wishful’ pricing justifications on your potential sales, that seem to never complete, rather than getting congrats for sales that would complete if you just priced them to sell, not ‘gouge’! But, it’s your time and your lost sales.

WhoaDomain.com · May 3, 2019

hawkeye said:
And how has/is this strategy working out for you so far?

You do spend an awful amount of time trying to get others here to agree with your ‘wishful’ pricing justifications on your potential sales, that seem to never complete, rather than getting congrats for sales that would complete if you just priced them to sell, not ‘gouge’! But, it’s your time and your lost sales.

Excuse me for being an enthusiastic domainer. Isn't that the point of NP? Maybe NP from now on should ban posts about when the big timers make five or six or even seven figure sales.

That way newbies or even oldies can quit daydreaming about big numbers.

If a forum promotes the "gossiping" of big sales then it shouldn't be unexpected or even frowned upon when it's audience has tunnel vision and talks about getting big money for their domain.

I mean NP literally promotes an open discussion about domain sales. It is an environment of people constantly asking what price they should sell a domain. Most get depressedd or evenv pissed when NPer's appraise their domain for reg fee. How is this thread any different?

Domaining is a passion. Some people are just more enthusiastic than most.

That's all I'll say about that.

scithe · May 6, 2019

So I'm confused.

You're saying that you have 3 words plus CBD.com and those 3 words are the company. The last word is "liquid" so somethingsomethingliquidcbd.com and because liquidcbd.com sold for a lot and whatever the first word word sold for 10 times that price, you believe you have a gold mine? Sounds more like you've got a reg free domain that might actually be useful to a company.

reallylongname.com doesn't just take the value of really.com, long.com and name.com together for extra value.

I might have misunderstood. But it sounds like that's what you were saying.

WhoaDomain.com · May 6, 2019

scithe said:
So I'm confused.

You're saying that you have 3 words plus CBD.com and those 3 words are the company. The last word is "liquid" so somethingsomethingliquidcbd.com and because liquidcbd.com sold for a lot and whatever the first word word sold for 10 times that price, you believe you have a gold mine? Sounds more like you've got a reg free domain that might actually be useful to a company.

reallylongname.com doesn't just take the value of really.com, long.com and name.com together for extra value.

I might have misunderstood. But it sounds like that's what you were saying.

sorry. the domain in question is

3 letters + CBD.com

so like USACBD.com (example only not the actual domain)

the three letters are an exact match for their long three word domain name like

UnitedStatesAmerica.com

hope I made it clear. I tend to ramble. Thanks for the question.

UPDATE.......

BUYER said "We aren't a brand and already have a domain. Thank you. Please remove me from your mailing list."

Colorado weed farmers. lol

I guess it is what it is. Some people believe they are better at branding than domainers.

I guess having a three word domain is a "great idea" for your company brand.

like CannabisMarijuanaWeed.com lol

I guess he's his own best customer? lol

bmugford · May 6, 2019

Avtar629 said:
UPDATE.......

BUYER said "We aren't a brand and already have a domain. Thank you. Please remove me from your mailing list."

Colorado weed farmers. lol

I guess it is what it is. Some people believe they are better at branding than domainers.

I guess having a three word domain is a "great idea" for your company brand.

like CannabisMarijuanaWeed.com lol

I guess he's his own best customer? lol

Maybe some domainers are not as good at branding as they think.

Let's take your example there "Cannabis Marijuana Weed". If that is their brand maybe they don't see CMWCDB.com as an upgrade.

It is also possible that a CBD processing plant doesn't really need a good domain.

Even then, they might buy it for a few hundred bucks but it seems like your expectations are way out of line with reality.

Brad

WhoaDomain.com · May 6, 2019

bmugford said:
Maybe some domainers are not as good at branding as they think.

Let's take your example there "Cannabis Marijuana Weed". If that is their brand maybe they don't see CMWCDB.com as an upgrade.

It is also possible that a CBD processing plant doesn't really need a good domain.

Even then, they might buy it for a few hundred bucks but it seems like your expectations are way out of line with reality.

Brad

regardless of my expectations whether it's outrageous or not the reality is a domain is worth what someone is willing to pay for it. I might fight to get the price I hoped for but in the end it is what it is and after a week or so I'll come back and accept.

So no loss there. except sometimes a week or so is too long and they have moved on to another options. sad by true.

what's annoying is I never even tell them my price they just assume whatever it is. if it's not "reg fee" it's too much.

like I said before. most people really can't wrap their head around the fact that a domain they tried to register is taken.

I'm realizing now that perhaps the inquiry wasn't this processing plant?

could be simply someone looking for a domain for a project or website?

well. win some lose some. at least there's an appetite right now for CBD domains.

a simple Google search for domains ending in CBD.com nets several pages of exact matches. That just shows the trend. Always a good sign.

bmugford · May 6, 2019

Avtar629 said:
regardless of my expectations whether it's outrageous or not the reality is a domain is worth what someone is willing to pay for it. I might fight to get the price I hoped for but in the end it is what it is and after a week or so I'll come back and accept.

Alright, well they were willing to pay nothing. So by that definition it is worth nothing.

Best of luck with future sales.

Brad

WhoaDomain.com · May 6, 2019

bmugford said:
Alright, well they were willing to pay nothing. So by that definition it is worth nothing.

Best of luck with future sales.

Brad

yea false alarm. It's always exciting to get an inquiry and then simply
Googling the keywords of the domain and finding an "exact match".

I guess if I'm guilty of anything is it's being "high" from the rush of such a discovery.

Forgive me for the enthusiasm NP.

Still don't know who the inquiry came from.

Edit : lol just realized how funny the "high" reference was seeing as how this topic is about a CBD domain! lol

Mister Funsky · May 6, 2019

Avtar629 said:
Forgive me for the enthusiasm NP.

No worries...enthusiasm is what I needed a dose of today!

You (and some of the posters in this thread) got my juices going and I just regged several names in this sector I had not considered before.

Thanks for the motivation!

hawkeye · May 6, 2019

Avtar629 said:
lol just realized how funny the "high" reference was seeing as how this topic is about a CBD domain!

since cbd doesn't get you 'high', don't see the humor.

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