Need Advise Thanks ... I was offered over $20K for my domain

Congrats. It depends on a variety of factors including whether the name has any independent value, and also the strength and assets of this company. Time is also a factor and if indeed they have contacted you before and this back and forth has been going on for years, that means they really want it.

On the other hand, a 20x increase in offer from 1k to 20k may be the extent of what they are willing to do.

is the domain a .com?
which extension are they using?

xynames said:

whether the name has any independent value, and also the strength and assets of this company.

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It is crucial, who may be interested in your domain name otherwise???

And, other companies/businesses could legitimately use it???

Interesting that they just threw out a figure of 20k without negotiation, up from 1k. Without knowing the domain, I would say take it immediately. Unless the domain is a single dictionary word .com, or a 3 letter .com, the price is probably very good.

I had a first offer of $5000 rigjt out the gate for a domain once. Got greedy and countered with $8,000 and then they deleted their email and disappeared. Do I regret it? Yea.

Food for thought.

Greed laughs at you when you listen to it.

Although it is a 7 year old domain .

What a great problem to have. Congratulations.

Pointless thread, there is zero useful data.
Answer: how much do you want.

Avtar629 said:

I had an offer of $5000 for a domain once. Got greedy and countered with $8,000 and then they deleted their email and disappeared. Do I regret it? Yea.

Food for thought.

Greed laughs at you when you listen to it.

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I received an offer of 300 euro lately and countered 1500 euro
reply was "not interested anymore"

anyother guy offered 500 USD after my outbound mail where I offered the domain for 1400 USD
I countered 1100 USD
he said "thank you no"
I said ok $500 USD ok
he said "no interest no more"

shit happens
learn to accept it

but "always!" ask for more .
Nearly everybody will pay at least twice as much as their initial offer

No-one wants to leave money on the table. Research similar sales.

Take the 20K.
Now subtract what you paid for it from 20K and consider yourself lucky.

Thank you all; I appreciate all the replies. I wish I could disclose more info, but I can't at the moment. There are other companies out there who are using same name as well so this is not the only company out there.

To be honest; 3 other people approached me in regards to this domain including this company that's making this offer now (I think they are all related as I did some research). All the offers came 7-8 years ago; now when I think of it. This time I approached them after reading a lot of success stories in regards approaching companies on namepros

Just needed to figure out how much to counter when they offered me 20K

The trick is how to counter but still leave it open to come back and take the $20k after a month of letting them and you sweat it out

The best would be to engage them further, without discussing the price immediately, if you know how to do that. That is the best, and most skilled negotiation, and always gauges interest before commitment to price. Depending on where they are (time zone/ language barriers, etc.), with the proper response, you could be on the phone with the decision maker and closing that deal for the best possible price, if you know what you are doing.

If phone isn't your thing or somehow not an option, still - engaging them properly via email, works.

Engage - don't just throw numbers out.


When someone comes in my office to hire me, or is referred to me, I don't immediately talk price, why should you?

maurixius said:

Thank you all; I appreciate all the replies. I wish I could disclose more info, but I can't at the moment. There are other companies out there who are using same name as well so this is not the only company out there.

To be honest; 3 other people approached me in regards to this domain including this company that's making this offer now (I think they are all related as I did some research). All the offers came 7-8 years ago; now when I think of it. This time I approached them after reading a lot of success stories in regards approaching companies on namepros

Just needed to figure out how much to counter when they offered me 20K

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Is this US or CDN $ ?

maurixius said:

Thank you all; I appreciate all the replies. I wish I could disclose more info, but I can't at the moment. There are other companies out there who are using same name as well so this is not the only company out there.

To be honest; 3 other people approached me in regards to this domain including this company that's making this offer now (I think they are all related as I did some research). All the offers came 7-8 years ago; now when I think of it. This time I approached them after reading a lot of success stories in regards approaching companies on namepros

Just needed to figure out how much to counter when they offered me 20K

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You might not be lucky to get that high price with the next company just counter a bit higher with 3-5k difference. Don't let greed ruin this.

Thoughts to consider:

1) How many other end users are there for this domain? If this buyer balks at your counter offer, can you reasonably offer it to a number of other potential end users?

2) Do Namebio or DNPric.es show a history of five figure sales for this type of domain?

3) Why might this company be willing to pay your counter price?

4) How would you feel if they walked away from your counter offer? Are you in a position to lose a $20k offer and it is no big deal? Do you regularly make five figure sales of other domains or have a liquid net worth of $500k+,such that another $20k is immaterial?

5) Can you gauge this company's ad spend on Google etc and how this domain would help reduce advertising cost, boost revenues, etc?

6) If this company is publicly traded, what do its financial look like? Annual sales, profits, operating cash flow

wwwweb said:

Is this US or CDN $ ?

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USD

maurixius said:

USD

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Worst case scenario say you are looking for $50K, but you will meet them in the middle at $25K.

wwwweb said:

Worst case scenario say you are looking for $50K, but you will meet them in the middle at $25K.

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Nope, worst case scenario is they could just walk and he gets nothing. Never assume that your domain is the only one an end-user is considering. People change their minds all the time.

Smiles76 said:

Nope, worst case scenario is they could just walk and he gets nothing. Never assume that your domain is the only one an end-user is considering. People change their minds all the time.

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Totally agree, we have all heard that no longer interested, but I always try to counter, you just never know, if they been watching it for 7 years, they likely they mean business.

Many times they make a big offer then flip the script due to the partner not being in agreement, so many games, Smiles76 makes a good point.

If he is going to just counteroffer, and not engage, he has to make a flat confident offer not say "I am looking for 50 but I will meet you at 25." - saying all that would be almost the same as simply countering at 25.

If the facts are as he describes, countering too high might lose the deal for a while, but they should be back at some point, although it might be a while.

A 'bird in the hand' as they say. Not too hard to find a LLL.com at that price...without more info on the name I would take the money (they pay escrow fees of course).

What's funny is that there must be people reading this thread now, salivating thinking they will go out and register a dot com for an existing foreign business and scoop up twenty easy K...not taking into consideration that this dot com here probably predated the business's existence, that it was seven years from the first offer to the $20K offer, that for whatever reason this particular business needed to expand its dot com / US presence, and might be a dot com with intrinsic value.

I have learned that whatever the offer is always counter!