advice $20k offer from GoDaddy broker for my domain, what next?

[Digross]

I received an offer from a broker at GoDaddy for my domain, for $20k. Some calculators value it at about $35,000. The site itself has no hits, so that's not the value. How on earth should I proceed, given that I don't want to spend a lot of time on this? I don't think there is a lot of solid information to be found that would influence my decision. Suggestions?

 

[Mister Funsky]

Without knowing the name there is no way anyone can offer any constructive information as to pricing/value.

You can post the name and obfuscate it so it wont be indexed and I'm sure you will get input.

 

[Digross]

Without knowing the name there is no way anyone can offer any constructive information as to pricing/value.

You can post the name and obfuscate it so it wont be indexed and I'm sure you will get input.

Thank you. The name is mimetic, it is a "com". (I didn't see a computer obfuscation).

 

[spigiv]

You have an offer of 20k for a name you do not know the value of.

You say: ”I don't want to spend a lot of time on this”

Sounds to me you should accept the offer and run with the money

 

[johnn]

Accept the offer and run fast with cash before the buyer changes his mind.

 

[Future Sensors]

https://opencorporates.com/companies?utf8=✓&utf8=✓&q=mimetic&jurisdiction_code=&type=companies

 

[Mister Funsky]

Thank you. The name is

In the quote above I did not include the name on purpose...in your post above, somewhere in the actual 'm' name, maybe add a space or two between some letters to help keep it out of indexing.

I sold a similar name for about 18K not too long ago. Your particular financial situation comes in to play but as a matter of business, I rarely accept the first offer. There are only so many decent dictionary words out there...you need to do a deep dive on pricing to ensure you do not leave any money on the table.

 

[Future Sensors]

Seeing the opencorporates info, I'd not accept their first offer.

 

[alcy]

I assume u aren't first owner from 1996. if not then take into accountwhat u paid it..
then figure out how bad u need cash and how much profit on it. then decide.

 

[Magicpig2]

Rather than accepting the first offer, which can on occasion make a buyer think they've overpaid and pull out, agree to the sale on the understanding that the buyer pays broker's commission and escrow fees on top.

 

[Yanosh]

My opinion remains the same : not the first offer

 

[alcy]

Rather than accepting the first offer, which can on occasion make a buyer think they've overpaid and pull out, agree to the sale on the understanding that the buyer pays broker's commission and escrow fees on top.

well im quite sure broker fees not negotiable as this would most likely go thru godaddy and or afternic buynow at 20k. subject to whatever fees they have.. to not pay sale fee seller would have to basically counter it to cover the fees with extra amount.

 

[Future Sensors]

well im quite sure broker fees not negotiable as this would most likely go thru godaddy and or afternic buynow at 20k. subject to whatever fees they have.. to not pay sale fee seller would have to basically counter it to cover the fees with extra amount.

Technically you're right. But the buyer can pay more (albeit via Afternic) to cover the Seller's costs. This makes the buyer feel different, because psychologically they rearrange these additional administrative costs for the domain in their minds. Psychology 101.

 

[alcy]

Technically you're right. But the buyer can pay more (albeit via Afternic) to cover the Seller's costs. This makes the buyer feel different, because psychologically they rearrange these additional administrative costs for the domain in their minds. Psychology 101.

yes as I said seller can ask for more to cover fees..but that's just a counter offer equivalent.... I seriously doubt any broker will ever present a counter offer as saying that the extra cash is to cover sale fees. that would look worse than just a counter imo. psychology 101

 

[Future Sensors]

yes as I said seller can ask for more to cover fees..but that's just a counter offer equivalent.... I seriously doubt any broker will ever present a counter offer as saying that the extra cash is to cover sale fees. that would look worse than just a counter imo. psychology 101

These are tricks that good brokers also employ. But it depends entirely on the cooperation of the broker you happen to meet, how this is conveyed to the buyer.

 

[Skipperscrown]

You seem pretty decisive cos "you don't want to spend a lot of time of this". If you've made some profit given the reg. cost and renewal fees, then I think you should accept the offer and close the deal.

 

[alcy]

You seem pretty decisive cos "you don't want to spend a lot of time of this". If you've made some profit given the reg. cost and renewal fees, then I think you should accept the offer and close the deal.

did I miss something or how do u know what he paid it?

 

[Sumeeth]

Before moving forward, first make sure it is a valid offer from valid source or some appraisal scam. There are lots of scams happening especially new members receiving such emails..

 

[The Domainiac]

It would be insane not to accept the $20k. 99% of domainers will never get an offer like that in their life. Especially for a non-keyword. I would also say that same 99% wouldn't make $20k in total lifetime sales. Take it and run.

 

[alcy]

It would be insane not to accept the $20k. 99% of domainers will never get an offer like that in their life. Especially for a non-keyword. I would also say that same 99% wouldn't make $20k in total lifetime sales. Take it and run.

well it ain't hotel keyword for sure ... and most didnt even think it's a word... until someone posted all the companies that use it... plus whois goes to a 1996.reg date. still nobody knows what seller paid for it .. so depending on overall roi its seller call... but all in all 20k is great offer that unless u invest 10 or 15k to buy a name then 20k is rare to get ....