domain Approached for my website name

[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 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. What would you do in this situation? How much do these names go for when there is an expressed interest by another party?

 

[whitebark]

Ask yourself what the domain means to you $ wise. Does the website make you money - if it does factor that in to any price. What would it cost you to replace it with a suitable domain - look around on these forums for going prices. Try to find sales of similar domain names to find a starter price point for negotiations.

Also beware that there are lots of scammers out there that really don't want to buy your domain name, they want to trap you into purchasing a domain appraisal.

 

[jacal1]

Any chance you could post it google-proof like "domainname(dot)com"? Otherwise I'm not sure you'll get much help...

You could post the traffic it gets, its length, the ext., and the number of google results, etc...

 

[Sameh]

You can post redirect link ..

 

[SellMeUrDomain]

>> I asked what business he was in.
Asking him this suggests you aren't looking to sell for a fair price but to squeeze him for as much as you can. You may not see anything wrong with that but as a buyer it immediately puts me on guard. There's always an alternate domain and I could always walk away. I often do.

>>How much do these names go for when there is an expressed interest by another party?
Is again something I don't think you should worry about.

My humble advice: Sell based on the merits of your domain, not the depths of the buyer's pocket.

 

[jacal1]

How much do these names go for when there is an expressed interest by another party?
Is again something I don't think you should worry about.

Domains are like real estate in that comps are the best way to find a price, so I'd have to disagree. You're asking him to value his domain without looking at what other similar domains have sold for?

 

[SellMeUrDomain]

His emphasis is not on comparisons with similar domains ... but situations, as in "where there is an expressed interest by another party".

Of course comparisons with similar domains is a good way to get a feel for value... but comparison based on the name/age/business of the buying party doesn't come across as the best way of doing things.

 

[jacal1]

Agreed. I understood it differently. I don;t think we can get very far without knowing the domain anyway - which actually speaks to your point that he's looking at situations....

 

[coast]

Domains are like real estate in that comps are the best way to find a price, so I'd have to disagree. You're asking him to value his domain without looking at what other similar domains have sold for?

If you are looking for comps, I have found that namebio.com provides sales prices for many popular auction sites. You can filter the results by who sold it, and what tld it is (.com, .net, etc.). Keep in mind that "average price" includes figures from 1999 and forward, so you may wish to filter the results even more by date.

Good luck.

 

[FagEnd]

>> I asked what business he was in.
Asking him this suggests you aren't looking to sell for a fair price but to squeeze him for as much as you can. You may not see anything wrong with that but as a buyer it immediately puts me on guard. There's always an alternate domain and I could always walk away. I often do.

>>How much do these names go for when there is an expressed interest by another party?
Is again something I don't think you should worry about.

My humble advice: Sell based on the merits of your domain, not the depths of the buyer's pocket.

Ignore the advice from SellMeUrDomain.. His username should ring alarm bells


As a seller you can ask for however much you want, you are the domain owner. If the buyer does not agree with your price then he cannot buy your domain :imho:

Worst case scenario, he will not pay what you ask, but you still have your domain. Squeeze for every penny I say, and if it backfires you still own the domain he wants. :hehe:

 

[SellMeUrDomain]

His username should ring alarm bells

...only if you missed my clear disclosure that it's my perspective as a buyer.

 

[FagEnd]

...only if you missed my clear disclosure that it's my perspective as a buyer.

My apologies, I did not know you were giving a buyers perspective.


I was giving a general perspective, and 9 times out of 10 if a seller tries to squeeze the buyer, the buyer will simply walk away.. but sometimes the buyer really wants the name, so will pay over the odds.

What I was trying to say is, as a seller, you hold the upper hand if contacted by the buyer, and the only thing you can lose by squeezing, is a sale... you still remain the domain owner if the squeeze backfires... this may be a more appropriate method in the future, but it works sometimes.