Approached for my domain...How to price?

[paligal]

Hi. I have had a blog for the past 2 years which is a short latin name dot com (I don't want to post the name here because I don't want this to be Googled). I have a fairly loyal readership and love the name. I have also thought about starting a publishing company under this name as well. I suppose it doesn't really matter what the name is, since it isn't exactly for sale, but rather, someone really wants it. Recently, someone approached me via e-mail to ask if I would consider selling the domain name to him, and at what price. I responded that I was rather attached to the name (I am, as it has a sentimental meaning to me as well as being a really great name), but that if he made a really good offer, I could be persuaded, as I do need to finance my current publishing venture. I asked what business he was in. He responded that he wanted me to give him a price, and declined to make me an offer. I have no idea what to charge. I do know that it wouldn't be worth it to me to sell for less than $10,000, but have no idea if that is outrageously high or way to low (considering I have no idea what his business is). I am pretty close to the poverty line myself, so would want to get as much as possible for it. I don't want to let go of what I think is a really great name for a company. What would you do in this situation? How much do these names go for when there is an expressed interest by another party?

 

[Sameh]

PM me your website ..

 

[Name Trader]

Sounds like you don't want to sell your domain. Why not start at $20,000 and see where that takes you/him.

 

[Ronald Regging]

You lose nothing by starting high if you have no real desire to sell. Or conversely. Just turn it back on them and refuse to give a price. Tell them to either give you an offer or move along.

 

[paligal]

Thanks for the advice. I think I will go high, like $20,000, and see what he says. Honestly, I don't really want to sell, but $15,000 is the amount of a loan I am about to take out to finance a business venture, so who knows? Thanks, all!