Here's the situation. I would really appreciate you all's advice based off you all's experiences:
1. I bought a pretty good CVCVC domain in April 2008 off of Namejet
2. Begins with J and no repeat letters, not a dictionary word
3. The 42 days period has elapsed
4. Last night I was going thru some of my domains and researched this specific domain. It appears their analytics picked it up.
5. Early this morning got a voicemail from someone from the company, not an online company.
6. They called back a few hours later without me returning the call and I talked to the owner, who referred me to tech guy bc he didn't know anything about the web.
7. Tech guy said it was a registrar mistake, but I think he was lazy and didn't take necessary precautions to prevent dropping. I told him I would resell it to them and they were open to idea.
8. The name is not trademarked and could pretty much be branded as anything in any market.
9. They have complete infrastructure built on name (i.e. email, marketing, ect.)
10. I think the name is worth mid $XXXX to high $XXXX to them, maybe more, but not really sure bc I've never had this happen before.
11. After researching company, they do little more than 1 million in sales per year, not sure about profit.
12. I was planning on holding long-term unless right price came along.
This is a new situation and want to handle it correctly and get the most value for the name. If I would pick a way to profit off domaining, this would not be it and considered just giving it back to them. Owning my own online company, I would be infuriated if this happened to me, but at the same time, I bought the name legally and should not waste profit opportunity bc someone didn't value their intangible property enough to put proper safeguards in place.
After asking how much they were willing to pay, he wouldn't respond. I am supposed to send price, but really do not want to bc first to say price is the first loser in any negotiation.
Based off you all's experience, how should I proceed?
I really don't post that much, but have spent days/weeks reading the info. on this site and learned about domaining the past year from you all. Thanks for all of you all's help. You all's advice is much appreciated.
Thanks,
Dufkin
1. I bought a pretty good CVCVC domain in April 2008 off of Namejet
2. Begins with J and no repeat letters, not a dictionary word
3. The 42 days period has elapsed
4. Last night I was going thru some of my domains and researched this specific domain. It appears their analytics picked it up.
5. Early this morning got a voicemail from someone from the company, not an online company.
6. They called back a few hours later without me returning the call and I talked to the owner, who referred me to tech guy bc he didn't know anything about the web.
7. Tech guy said it was a registrar mistake, but I think he was lazy and didn't take necessary precautions to prevent dropping. I told him I would resell it to them and they were open to idea.
8. The name is not trademarked and could pretty much be branded as anything in any market.
9. They have complete infrastructure built on name (i.e. email, marketing, ect.)
10. I think the name is worth mid $XXXX to high $XXXX to them, maybe more, but not really sure bc I've never had this happen before.
11. After researching company, they do little more than 1 million in sales per year, not sure about profit.
12. I was planning on holding long-term unless right price came along.
This is a new situation and want to handle it correctly and get the most value for the name. If I would pick a way to profit off domaining, this would not be it and considered just giving it back to them. Owning my own online company, I would be infuriated if this happened to me, but at the same time, I bought the name legally and should not waste profit opportunity bc someone didn't value their intangible property enough to put proper safeguards in place.
After asking how much they were willing to pay, he wouldn't respond. I am supposed to send price, but really do not want to bc first to say price is the first loser in any negotiation.
Based off you all's experience, how should I proceed?
I really don't post that much, but have spent days/weeks reading the info. on this site and learned about domaining the past year from you all. Thanks for all of you all's help. You all's advice is much appreciated.
Thanks,
Dufkin
