Approached About Selling A Domain I Own

[mmeds1228]

Hi everyone,

I bought a domain a few years back with the intention of putting a site on it. I never did and just today someone approached me in email asking what I would part with it for. I've never been into selling domains nor do I know how to put a good pricetag on it. I asked for an offer but the person is insisting that I give them my asking price. I personally think he should make an offer first being that he approached me but maybe I'm wrong. This may be more of a general sales question but I don't know if there are any unwritten rules that apply to selling domain. Any help would benefit here.

Thanks!

 

[BrandonG]

It would make sense for him to offer on the domain, but since he has no interest in offering why don't you put a price on it? Get an appraisal if you need help :P

 

[DomainMagnate]

Just tell him what you want if you're interested to sell..

~MG

 

[mmeds1228]

It would make sense for him to offer on the domain, but since he has no interest in offering why don't you put a price on it? Get an appraisal if you need help :P

Yea I guess you have a point. Problem is how do you put on a price on a domain when you don't know the marketI at all. I don't even have an idea of what price to start: $50, $100, $10,000. I guess I need some type of appraisal. Can you suggest where to start with that? Thanks for the reply.

Just tell him what you want if you're interested to sell..

~MG

I'm not sure of that, I didn't buy this to sell it. I just never got to putting the site up. Now I'm not too sure what the site is worth to me; or what the domain is worth to him. I just dont' want to give it away. Thanks for the reply.

 

[hugegrowth]

what's the domain, that would help for pricing advice.

since they approached you and were unwilling to give an offer, and since you don't seem to think this is a premium type domain, I'd say minimum you should ask is $500. If they thought it was a cheap domain they'd offer $50 or $100 right off the bat.

you don't seem too keen on selling, and maybe it's just a so-so domain?

but until you post the domain you can't get good advice on pricing.

 

[mmeds1228]

what's the domain, that would help for pricing advice.

since they approached you and were unwilling to give an offer, and since you don't seem to think this is a premium type domain, I'd say minimum you should ask is $500. If they thought it was a cheap domain they'd offer $50 or $100 right off the bat.

you don't seem too keen on selling, and maybe it's just a so-so domain?

but until you post the domain you can't get good advice on pricing.

the domain is officereviews.com

I'm not too sure what qualifies as a premium domain. I am open for selling but I am not open to selling it for something cheap, because I can use it to create some value myself in that case.

 

[DomainMagnate]

You can reply that you are looking for offers in 4 figures

 

[briman1970]

Yea I guess you have a point. Problem is how do you put on a price on a domain when you don't know the marketI at all. I don't even have an idea of what price to start: $50, $100, $10,000. I guess I need some type of appraisal. Can you suggest where to start with that? Thanks for the reply.

Estibot.com values the name at $290, but I see more value in the name for a motivated end-user. I'd ask for offers in the 4-figure range and tell him you are motivated to negotiate a fair price. If you are nervous about scaring him off, say you will accept offers in the high $xxx range and then negotiate up from there.

 

[BMFX]

I also see it having a higher value than what estibot says.

If it's a end user it would likely be worth High xxx - Low xxxx.

I'd personally start at $1200 and say your open to negotaite on price.

- John

 

[estibot.com]

I agree with Michael and Brian. This is a good domain name. EstiBot gives it a value that's closer to a wholesale price, as this is not a pure keyword domain. You might expect a serious offer of $100-$500 from a domain name reseller for this one.

However, if the party making an offer is not a reseller, you will need to set a retail price for this domain.

Here are some important considerations:
-Outside of the obviously more valuable domain names, retail prices for most dotcom domain names are generally in the $x,xxx (four figures) range
-There is only one OfficeReviews.com. It's a unique piece of Internet real estate
-A good domain name such as this one is an indispensable asset for someone who wants to set up a website related to office reviews, office software reviews, office furniture reviews, etc....
-Once you sell this domain, you will never get it back in case you do decide to set up your website for Office Reviews after all

Therefore, as suggested above, a four-figure price is justified. Whether you sell it for low $x,xxx or high $x,xxx depends entirely on your motivation and the buyer's motivation.

Good luck,
Josh

 

[rudyhernandez]

Nice name.
Good luck!

Rudy
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