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advice A large ISP in Singapore wants to purchase my domain name. Please advice

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paknet

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TLDR: A large ISP in Singapore wants to purchase my domain name. I have never sold a domain name before. I am in panic!

Hi everyone,

My friend works for a large ISP in Singapore (I am not disclosing the company name). Last month during a casual conversation, he told me about this new satellite product their company is about to launch in coming months. I was curious about the product name and upon hearing it, being a domain enthusiast, I quickly found the domain name for the product name was available (I am not disclosing the domain name either). It's a dictionary word but not common at all. So I quickly registered the domain name and built a relevant one page website that talks a few topics about the name (the technology itself). The .net is still available but I am afraid of registering it and be accused of cybersquatting their brand/product name and may end up losing both the .com and .net

Yesterday, I received an email from somebody within the company. The person asked if the domain were of any value to me and whether I will be willing to sell the domain name to them. To my surprise, from what I have heard, a company of this size would never approach somebody expressing interest of buying a domain name directly. In fact, they may hire a broker or a negotiator instead to make the deal for them.

First, I thought the email was either fake or a scam but upon investigating the headers of the email and other bits and pieces (I am an IT guy myself), the email is indeed genuine and came from within the company email servers. I also found the person who emailed me on LinkedIn and his profile does state that he is been working on the product (that is the domain name I own) from past eight months.

Here is the problem! I have NEVER EVER sold a domain name in my life. I have never ever listed any of my domain names on any of the domain marketplaces. I have literally ZERO experience in negotiating or closing a domain sale.

On top of that, I have NO CLUE of how much should I expect for this domain name. I know you be thinking how can we help if I don't disclose the domain name, but at this point, I seriously can't and don't want to. Given the size and magnitude of the company, I am intrigued to email them back and asking for a ridiculous amount but having no prior experience, I don't want to end this opportunity by my stupidity.

Please help. I am in a state of panic and disbelief!
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
I don't think you have done yourself a favor posting here

if its a dictionary word
and you had no intention to sell it to that company

but do something completely different with that domain
like: use it for personal fun
in a non-commercial manner

for example as an email address and with no webpage
to impress girls and/or friends

I would think you have a legit way of utilizing that name for yourself

but of course, that means no selling


I'm no lawyer
ask a lawyer
no legal advice

Posting this here was somewhat a mistake, I agree but I have received some private messages from a couple of very large domain companies willing to help me proceed with this and happy to offer professional services in this matter. Whatever the result may be, I will write a follow up. Wish me luck!
 
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yes, really.

there are so many TM 's
worldwide

I bet you "infringe" on some of them yourself
I like you Frank - because of your intellect - I learn a lot from you.

Yes - I am sure I have infringing names - but, none to my knowledge. And, I don't register deceitfully like the OP.
 
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Sometimes you get advice you don’t like. It doesn’t mean it is bad advice. Instead of dismissing it and taking offence learn from it. We know you know nothing you admit it so why be angered when people are actually helping? It isn’t like anyone is here to learn from you.
 
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Is there a way to close/delete this post. I have already been reached by a few professionals in the industry who will be helping me with the deal. The purpose of the post has been achieved. Anyone?
 
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1. Sometimes you get advice you don’t like. It doesn’t mean it is bad advice.
Question: What advice did I receive? Please answer

2: Instead of dismissing it and taking offense learn from it
I took offense only when he/she started targeting me on personal level and called me names like *deceiver* and *you people make us look bad*. That's not my style of taking lessons from strangers. I will take offense, thank you.

It isn’t like anyone is here to learn from you.
Question: What exactly did I try to teach?

Kindly answer the two questions sir/madam.
 
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This thread is on Google now. I am sure others have figured out who the huge Singapore ISP is by now.
 
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@karmaco Top five ISP in Singapore 2020 (Internet Service Provider)
  • Number five ISP in Singapore 2020: ViewQwest #5.
  • Number four ISP in Singapore: Singtel #4.
  • Number three ISP in Singapore: My Republic #3.
  • Number 2 ISP in Singapore: M1 Limited #2.
  • Number 1 ISP in Singapore: Starhub #1.
 
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Question: What advice did I receive? Please answer


I took offense only when he/she started targeting me on personal level and called me names like *deceiver* and *you people make us look bad*. That's not my style of taking lessons from strangers. I will take offense, thank you.


Question: What exactly did I try to teach?

Kindly answer the two questions sir/madam.
I hope you learn from all the mistakes you have made here.
 
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None made. Achieved right advice from right people.
When your friend gets fired from this ISP. Ask yourself, was it worth it?
 
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$20K seems modestly fitting if you can only visualize them paying without others paying more.

I say this because they're not trying to hide their identity and the domain is an asset to them, while I've seen comparably sized companies who've offered this price up front or capped at this price for mediocre names that had personal value to them. It's within reasonably obtainable range.
 
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Back to my question please.

You seem to think you're very smart from your posts in this thread

Why dont you try to put a price on your own domain?

not smart enough to figure out how to price your own squat?
 
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You seem to think you're very smart from your posts in this thread

Why dont you try to put a price on your own domain?

not smart enough to figure out how to price your own squat?

Sorry sir, you are mistaken. I don't believe I am very smart.

I think I have dealt with each individual here the way they deserved. Do you disagree?

And no, I couldn't price my squat due to lack of experience. The reason I asked for advice. Gladly, I have been approached by the right people and things are moving to the right direction smoothly and progressively.

Thanks for stopping by.
 
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Sorry sir, you are mistaken. I don't believe I am very smart.

you're only correct statement of this thread


Come up with your own price, or give the name to your "friend"
 
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No point now, at least I don't squat and then ask how much I should charge for it
 
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Large ISP? Whoa!
$10 000 000. No less.
 
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Atif - do the right thing and give it to your friend's colleague.
 
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No point now, at least I don't squat and then ask how much I should charge for it

Would you like me to go through your wonderful domain portfolio and inform you exactly how many Trademark names you have under your belt?
 
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Atif - do the right thing and give it to your friend's colleague.

Are you trying to doxx me? You need to do more than that to doxx me dear.

By the way, you still haven't answered my question. Let me repeat it:

So tell me, even if they decide to catch *the guy* who revealed the product name to me, how exactly are you thinking they are going to figure out who was it?
 
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Came across this thread and thought I would chime in.

I have had a few occasions where I have had inside info and could have grabbed the domain. I either notified the owner or gave it to them.

Not saying you should, but karma has a weird way of working.

There have been many articles about projects that started without have the domain secured. This isn't new.

I think you could risk losing the domain. I personally wouldn't price it for much more than the cost of filing a udrp.

It's no crime, but there exists a code of ethics in domain investing that is designed to ensure the long term stability and the future existence of what we practice.

Best of luck
 
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You can put the sale through Epik. I'm sure @Rob Monster would consider assisting you and facilitating your transaction.
 
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Came across this thread and thought I would chime in.

I have had a few occasions where I have had inside info and could have grabbed the domain. I either notified the owner or gave it to them.

Not saying you should, but karma has a weird way of working.

There have been many articles about projects that started without have the domain secured. This isn't new.

I think you could risk losing the domain. I personally wouldn't price it for much more than the cost of filing a udrp.

It's no crime, but there exists a code of ethics in domain investing that is designed to ensure the long term stability and the future existence of what we practice.

Best of luck

I sincerely thank you for your constructive feedback.

I will definitely ponder upon your message.

You are wonderful!

Thank you!
 
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I sincerely thank you for your constructive feedback.

I will definitely ponder upon your message.

You are wonderful!

Thank you!
Think nothing of it!
 
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You can put the sale through Epik. I'm sure @Rob Monster would consider assisting you and facilitating your transaction.

Sure, happy to help. We have a fast-growing team in Asia that can help there as well.
 
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