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?

 

[kool1]

Lets assume they bought the .net from Buy Domains in 2021 for $4388.

The .com should sell for 5-10x

GL

 

[Chris Hydrick]

The name is m****** it is a "com".

According to dotDb, regged in 47 Tlds

A quick Google search shows it's developed in:

.world (AI)
.au (medtech)
.ai (redirects to _____.ai)
.ro (dental)

...

.org asking price is $6k bin
.co registry premium for $2xx

 

[Samer]

You deserve to lose entire $20K if you counter.

This may be an unpopular opinion: i’d accept.

 

[alcy]

.... since this is brokered sale then seller can just ask broker to use 20k as floor and do his best. it's not like seller has to enter a counter offer amount himself anywhere.

 

[Sufyaan]

$20k is enough amount, you can reinvest in more good domains and you are lucky you got offer but still i have not receive an offer.
But after your post i hope i'll get a sale!

 

[skshogun]

Counter 40K if you need the money right now. I would just wait for high XX,XXX USD personally. Your domain has great potential and can be used in AI projects.

 

[Digross]

Since this has come up: I am the original register of this name, in 1996. I have had it the whole time, and I have been using it. It is a word. I guess that I have paid about $20/year for it, so that's $600.

 

[Samer]

Counter 40K if you need the money right now. I would just wait for high XX,XXX USD personally. Your domain has great potential and can be used in AI projects.

You basically doubled the initial offer.
That is a selfish proposition, might lose $20K.

You accept and take 20K if you need the money.

 

[johnn]

Act now before the buyer searches Google and find this thread!!!!

 

[LucidDomains]

Take the offer, invest it into crypto, 50x your money. Good luck.

 

[gold2platinum]

Not referencing OP here, but I've seen several threads regarding offers over the years. Some folks receive great offers then think it's not enough. So many people that were lucky enough to register names 25-30 years ago and they sit on these crazy portfolios.

I guarantee they get great offers daily on their names. You can't take these domains with you when you're gone. Why not liquidate and retire? Is seven-figures not enough? So frustrating to watch.

 

[Chris Hydrick]

Act now before the buyer searches Google and find this thread!!!!

I just searched Google for the domain in quotes, and I didn't see this thread in the results.

Since the actual domain (connecting the domain to .com) hasn't been mentioned in this thread, can Google still index this thread?

It's not like the name is unique like hehdkfbfhekfbbrjdkfhsshrhr which has a lot less exact search results.

Since this has come up: I am the original register of this name, in 1996. I have had it the whole time, and I have been using it.

I think an important metric when estimating value could be the number of offers you've received on that domain over 20+ years.

Have you noticed an increase of offers since the AI boom?

 

[Digross]

I just searched Google for the domain in quotes, and I didn't see this thread in the results.

Since the actual domain (connecting the domain to .com) hasn't been mentioned in this thread, can Google still index this thread?

It's not like the name is unique like hehdkfbfhekfbbrjdkfhsshrhr which has a lot less exact search results.



I think an important metric when estimating value could be the number of offers you've received on that domain over 20+ years.

Have you noticed an increase of offers since the AI boom?

I have had two offers over the years. The first was from a company also named "Mimetic". This second request comes from GoDaddy (so he says), probably for a company.
I have not had any other recent offers, but it's true, with the AI boom, I will now expect some interest.

 

[Future Sensors]

@Digross Thanks. Is this the only domain you have? Are you a domain investor? What's your strategy in general? So many things are relevant in making a decision.

 

[Bannen]

Hi, and welcome to Namepros.

I'll add to the information. I checked Wayback Machine and whois backhistory sources and I can see you're the same person who has owned it since the beginning (as long as this is 'he' who is posting here, and not an imposter).

Good age (28 yrs). Healthy number of other extensions taken (46). Many hundreds of other domain strings and websites and businesses using this word. Many, many trademarks - but I don't see this as a problem, since you are the original owner and predate most of them. If any are older, you can obviously show that, since the internet was not nearly as extensive back then, you could not be expected to know of trademarks around the world for this term. And, hopefully, you have not tried to approach any TM holders to sell this domain.

That's just the obvious stuff. Here's the less obvious:

This is a superb term. It may not be a common term, but it's the kind that has great appeal in its meaning. And that is obvious, seeing how many companies use it and how many trademarks there are. Very desirable word... and of the many hundreds of domains with this term in it, you own the 'category killer'. You've got the best one.

Many of those companies would likely love to own this one for $20K or less. But with a good term like this, you don't want to liquidate it to the lower offers; you want to see what the better offers would be.

I broker for one of the earliest domain pioneers, who has hundreds of premium domains. I would definitely class yours as 'premium'. Not 'ultra premium', which is saved for the best of the best (like Money.com, cars.com, that kind of quality). But definitely a very strong premium domain.

Do not let it go cheaply or quickly or easily, unless you ABSOLUTELY NEED THE MONEY. Like, it's an emergency. I would recommend switching nameservers to a sales lander, with a 'make offer' button. Right now, like for the last 28 years according to Wayback, it's got some minor development on it. Looks like it's never been for sale. So you have a 'virgin' domain, ha.

The biggest 'secret' phrase in domaining is: you have to nudge it into peoples' consciousness. You know, if it doesn't have a sales lander and it's not listed in any marketplace, most people don't think about it. Even many companies that use this word don't sit around thinking, "Hmmm, I really want that domain."

But when you let the world know it's for sale in the marketplace... then it opens you up to interest and offers.

If I or my seller owned this domain, we wouldn't let it go for less than 6 figures. I would put a 350K price tag on it, but probably sell it for the first offer to hit 6 figs. That's as a MINIMIMUM, just to clarify to you. With some negotiation and patience, I think it could be bumped up to 200 - 300K.

Why? Why such a good name/domain? Just look at the uses by the companies listed in OpenCorporates. There's some big stuff in there. Also, add 'bio' as a prefix to the word, and you see a whole industry just in its infancy but looking to become absolutely huge. Also...

...This word can practically be a synonym for AI. Artificial Intelligence. "AI" is arguably the hottest thing in the world right now, tech-wise. AI domains are selling for very large amounts.

Be very careful. I assure you this is a great domain. You do not need to sell it in a hurry. Think about switching to a for sale lander, and think about listing it on a marketplace.

I personally would reply to the broker with something simple and concise, like, "Thank you, I appreciate the offer. I know this is a very premium domain, with interest in huge sectors, including Artificial Intelligence. I'm only entertaining 6-figure offers. I do appreciate every offer, so please thank your client for me."

Good luck!

 

[Digross]

@Digross Thanks. Is this the only domain you have? Are you a domain investor? What's your strategy in general? So many things are relevant in making a decision.

I have about 30 domains that I actually use (or have used) for different projects. I am not an investor.

 

[Digross]

Hi, and welcome to Namepros.

I'll add to the information. I checked Wayback Machine and whois backhistory sources and I can see you're the same person who has owned it since the beginning (as long as this is 'he' who is posting here, and not an imposter).

Good age (28 yrs). Healthy number of other extensions taken (46). Many hundreds of other domain strings and websites and businesses using this word. Many, many trademarks - but I don't see this as a problem, since you are the original owner and predate most of them. If any are older, you can obviously show that, since the internet was not nearly as extensive back then, you could not be expected to know of trademarks around the world for this term. And, hopefully, you have not tried to approach any TM holders to sell this domain.

That's just the obvious stuff. Here's the less obvious:

This is a superb term. It may not be a common term, but it's the kind that has great appeal in its meaning. And that is obvious, seeing how many companies use it and how many trademarks there are. Very desirable word... and of the many hundreds of domains with this term in it, you own the 'category killer'. You've got the best one.

Many of those companies would likely love to own this one for $20K or less. But with a good term like this, you don't want to liquidate it to the lower offers; you want to see what the better offers would be.

I broker for one of the earliest domain pioneers, who has hundreds of premium domains. I would definitely class yours as 'premium'. Not 'ultra premium', which is saved for the best of the best (like Money.com, cars.com, that kind of quality). But definitely a very strong premium domain.

Do not let it go cheaply or quickly or easily, unless you ABSOLUTELY NEED THE MONEY. Like, it's an emergency. I would recommend switching nameservers to a sales lander, with a 'make offer' button. Right now, like for the last 28 years according to Wayback, it's got some minor development on it. Looks like it's never been for sale. So you have a 'virgin' domain, ha.

The biggest 'secret' phrase in domaining is: you have to nudge it into peoples' consciousness. You know, if it doesn't have a sales lander and it's not listed in any marketplace, most people don't think about it. Even many companies that use this word don't sit around thinking, "Hmmm, I really want that domain."

But when you let the world know it's for sale in the marketplace... then it opens you up to interest and offers.

If I or my seller owned this domain, we wouldn't let it go for less than 6 figures. I would put a 350K price tag on it, but probably sell it for the first offer to hit 6 figs. That's as a MINIMIMUM, just to clarify to you. With some negotiation and patience, I think it could be bumped up to 200 - 300K.

Why? Why such a good name/domain? Just look at the uses by the companies listed in OpenCorporates. There's some big stuff in there. Also, add 'bio' as a prefix to the word, and you see a whole industry just in its infancy but looking to become absolutely huge. Also...

...This word can practically be a synonym for AI. Artificial Intelligence. "AI" is arguably the hottest thing in the world right now, tech-wise. AI domains are selling for very large amounts.

Be very careful. I assure you this is a great domain. You do not need to sell it in a hurry. Think about switching to a for sale lander, and think about listing it on a marketplace.

I personally would reply to the broker with something simple and concise, like, "Thank you, I appreciate the offer. I know this is a very premium domain, with interest in huge sectors, including Artificial Intelligence. I'm only entertaining 6-figure offers. I do appreciate every offer, so please thank your client for me."

Good luck!

Thank you for this advice! I wrote the broker and told him I will continue to use it for my purposes until someone makes an offer I can't refuse. I don't need to sell, I like it, so I will hold on to it for now. I will also consider thinking about it as an investment (haven't done that before). FYI, I used to own "wazzup.com" but that was stolen from me not long after the beer commercial made it big (back when companies would claim to sell you a domain, but they kept the ownership).

@Digross Thanks. Is this the only domain you have? Are you a domain investor? What's your strategy in general? So many things are relevant in making a decision.

I have about 30 domains that I actually use (or have used) for different projects. I am not an investor.

 

[Future Sensors]

You deserve to lose entire $20K if you counter.

Why is that?

 

[Samer]

Why is that?

You had $20K in your hand.
That is a substantial amount.

The word in question is not “word” enough to justify countering imo; and i stand by my assertion: countering more than “20K” opener; then deserve to lose it; if counter; even $20,001

They could already be doubting their $20K offer.

 

[Future Sensors]

You had $20K in your hand.
That is a substantial amount.

The word in question is not “word” enough to justify countering imo; and i stand by my assertion: countering more than “20K” opener; then deserve to lose it; if counter; even $20,001

They could already be doubting their $20K offer.

As shown earlier in this thread, opinions differ wildly on which negotiating strategy to follow for this domain. But to say that OP deserves to lose the entire $20K as soon as they counter, let's just say I would personally never have phrased it like that.

 

[Future Sensors]

Question for @Digross - How did you come to register this domain, initially?

 

[bmugford]

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

The domain is used by several companies.

It appears to be a dictionary word.

I don't think $20K is really some unreasonable offer. At the same time, I rarely accept first offers.

Many times if you do that the buyer will think they are overpaying and not follow through with payment.

It's the type of domain that is worth somewhere in a $XX,XXX range in my view. Where in that range depends on the buyer, seller, budget, and usage.

Brad

 

[bmugford]

According to ExpiredDomains, this term is taken in 48 extensions.

These type of domains cost many thousands of dollars to replace in the current market.

Brad

 

[Nametree]

I wouldn’t take it. It’s a great name especially fit for a hot AI market, @Bannen said all there is to say in a great analysis.

If they didn’t have a serious budget, why would they open with $20k?

 

[Chris Hydrick]

According to ExpiredDomains, this term is taken in 48 extensions.

These type of domains cost many thousands of dollars to replace in the current market.

Brad

+ Over 120 .com's registered starting with OP's keyword.