- Impact
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Time = money
What makes somebody else's time worth more or less than your time? Is it that they value their time more, or that you value your time less? Are there reasons why one might value their time, and why one wouldn't find value in their time?
(imo) Friendship > money
How do y'all handle situations where a friend either: (a) wants you to acquire a domain for them (b) wants to acquire one of your domains. (c) other - a friend needs a few hours of your time and expertise.
Sure, it may depend on the level of friend they are, so you could break your answer down accordingly.
Some might argue:
Favors > money
Thus, the price will be dependent not what you can do for them, but what they can or can't do for you.
But should real friendship be quid pro quo?
Or deals be varying based one on ones resources?
So many intangibles, I know, for this to be a straight answer, such as offers on the domain, or if you can get more for the domain on the reseller market than what you paid for it. At which point, do you charge your friend your purchase price (not making anything beyond what you paid because they're a friend) or do you charge them a fair reseller price, so you get the liquid worth? And if you're willing to do that, would you be willing to charge reseller price for a domain you over paid for? Or is that friend taking advantage of you by having you take the loss instead of waiting out for a higher offer? Vice versa, would you be taking advantage of them for selling it to them more than they would get on the reseller market?
Does it matter if you could buy a similar domain for the reseller price you sold it to your friend for, thus adding a new avenue for you to make up the loss of price paid and price selling to a friend?
As usually, this is largely dependent on ones situation.
Just curious as to how everyone here handles business with friendship.
What makes somebody else's time worth more or less than your time? Is it that they value their time more, or that you value your time less? Are there reasons why one might value their time, and why one wouldn't find value in their time?
(imo) Friendship > money
How do y'all handle situations where a friend either: (a) wants you to acquire a domain for them (b) wants to acquire one of your domains. (c) other - a friend needs a few hours of your time and expertise.
Sure, it may depend on the level of friend they are, so you could break your answer down accordingly.
Some might argue:
Favors > money
Thus, the price will be dependent not what you can do for them, but what they can or can't do for you.
But should real friendship be quid pro quo?
Or deals be varying based one on ones resources?
So many intangibles, I know, for this to be a straight answer, such as offers on the domain, or if you can get more for the domain on the reseller market than what you paid for it. At which point, do you charge your friend your purchase price (not making anything beyond what you paid because they're a friend) or do you charge them a fair reseller price, so you get the liquid worth? And if you're willing to do that, would you be willing to charge reseller price for a domain you over paid for? Or is that friend taking advantage of you by having you take the loss instead of waiting out for a higher offer? Vice versa, would you be taking advantage of them for selling it to them more than they would get on the reseller market?
Does it matter if you could buy a similar domain for the reseller price you sold it to your friend for, thus adding a new avenue for you to make up the loss of price paid and price selling to a friend?
As usually, this is largely dependent on ones situation.
Just curious as to how everyone here handles business with friendship.
this approach!
