.tv Beer.tv - Got Another Offer.

[virtuali]

Recievied another offer for Beer.tv and website last nite. They opened at 20,000. This is signicantly larger then the previous offer I had a couple months ago. This is still far off what we would except, but is a good sign things are opening up.

What would you sell for..???

I will keep everybody posted on what happens.

Cheers!!

 

[johntv]

Nice offer

Personally, if beer.tv was mine, something like $60,000 to $70,000 would make me sell, at least not less than $60,000.

Furthermore, I would invest around half of that in a few high quality .tv names to make up for the beer.tv loss in my portfolio.

 

[brainstormTV]

Nice offer

Personally, if beer.tv was mine, something like $60,000 to $70,000 would make me sell, at least not less than $60,000.

Furthermore, I would invest around half of that in a few high quality .tv names to make up for the beer.tv loss in my portfolio.

60-70K seems way high considering other recent sales, I'd say 30-50k is more realistic at this point. But who knows, if you hold out for another year, 70K-100K might be in line w/market.

No doubt it's a great name that enduser (Coors,Busch.....) could pay big $$$$ for and 20K is too low.

Good news!

Keep it coming. Some day [generic]Video.TV might even be worth more than reg. :yell:

~KC

 

[domainacrobat]

If its me SOOOOOOOOOOOOLD!

But thats just me!

 

[Master Chief]

I would take the offer

 

[dcmike77]

That domain is nowhere near worth $60k. This guy could easily buy beers.tv or any number of other similar .tvs or .coms for much cheaper. While there's definitely negotiation to be had here, $60k is absurd for an extention that is undeveloped and has a very rocky pricing policy.

Be smart here. This is not your diamond in the rough, but it can help you buy several more .tv domains that easily could be.

Sell at $25k or so (which I think is the 2nd highest public .tv sale to date and something to be very proud of).

 

[domainacrobat]

Some people in this forum are ridiculous, i swear. That domain is nowhere near worth $60k. This guy could easily buy beers.tv or any number of other similar .tvs or .coms for much cheaper. While there's definitely negotiation to be had here, $60k is absurd for an extention that is undeveloped and has a very rocky pricing policy.

Don't be an idiot. This is not your diamond in the rough, but it can help you buy several more .tv domains that easily could be.

Sell at $25k or so (which I think is the 2nd highest public .tv sale to date and something to be very proud of).

While I agree that 60k is absurd, the folks that think like that can afford to do so. They are obviously in no rush to turn a profit so they must be ok financially. I think $20,000 is well beyond what I expected for this name. IMO its time to sell and re-inest as Mike suggested. There are alot of great names to be had at deals if you have enough money. No one here is an idiot by the way.

 

[dcmike77]

No one here is an idiot by the way.

My apologies to the gang here. I just put a bid on a domain i thought was a good offer for a couple hundred bucks and the guy came back recently with a ridiculous $XX,XXX counter offer and wouldn't budge.

Naturally we're all here with the same passions and that is what I love most regardless of anything else.


Sell and re-invest IMO

 

[domainacrobat]

My apologies to the gang here. I just put a bid on a domain i thought was a good offer for a couple hundred bucks and the guy came back recently with a ridiculous $XX,XXX counter offer and wouldn't budge.

Naturally we're all here with the same passions and that is what I love most regardless of anything else.


Sell and re-invest IMO

 

[VisualArtistFrankBonilla]

More than $20,000

Maybe some people think it may not be worth 60,000, they might be right. However, it is definately worth more than $20,000. So, I can counteroffer, until you get $47,000!!

Frank :sold:

 

[SKG]

I doubt 20K is there final offer. They will probably go much higher. It is a very nice domain.

 

[johntv]

While I agree that 60k is absurd..

Sorry, I don't agree with you, although I will explain why I think $60,000 (at least) is not unreasonable in my opinion:

1. Beer.com sold for $7,000,000.
2. No end user (I will just assume only an end user bids $20k) likes to use beers.tv, it's 'beer' or nothing in my opinion.
3. If I am not mistaken $20,000 is their first bid, end users almost always have a higher amount in mind when making a lower first bid, even though the amount itself looks high for us.
4. The website is included and it's looks professional and for sure has cost some money, lots of hours and a lot of inspiration

And last but not least, as the price tag is $3,500 a year (obviously also Verisign rates this as a nice premium name), you sticked your head out and was the first person to dare regging this name, that's worth something!

Anyway, just in my opinion, John.

 

[domainacrobat]

Sorry, I don't agree with you, although I will explain why I think $60,000 (at least) is not unreasonable in my opinion:

1. Beer.com sold for $7,000,000.
2. No end user (I will just assume only an end user bids $20k) likes to use beers.tv, it's 'beer' or nothing in my opinion.
3. If I am not mistaken $20,000 is their first bid, end users almost always have a higher amount in mind when making a lower first bid, even though the amount itself looks high for us.
4. The website is included and it's looks professional and for sure has cost some money, lots of hours and a lot of inspiration

And last but not least, as the price tag is $3,500 a year (obviously also Verisign rates this as a nice premium name), you sticked your head out and was the first person to dare regging this name, that's worth something!

Anyway, just in my opinion, John.

I understand your appraisal and interpretation of potential value. I respect you and what you say,but it is still impossible to say just because Beer.com sold for $7,000,000 in early 2004, Beer.tv is worth even 1% the value of the .com. Random endusers come along for all sorts of names that end up paying $X,XXX,XXX, that does not make every similar name worth alot. For example Beer.biz sold for $2,500 on 02-28-2006 at Pool, How would you explain that? One good thing, as you pointed out it is their first offer. There may be room to get more, but $60k... I am not convinced, though I hope for the best.

Best of luck.

 

[SKG]

I understand your appraisal and interpretation of potential value. I respect you and what you say,but it is still impossible to say just because Beer.com sold for $7,000,000 in early 2004, Beer.tv is worth even 1% the value of the .com. Random endusers come along for all sorts of names that end up paying $X,XXX,XXX, that does not make every similar name worth alot. For example Beer.biz sold for $2,500 on 02-28-2006 at Pool, How would you explain that? One good thing, as you pointed out it is their first offer. There may be room to get more, but $60k... I am not convinced, though I hope for the best.

Best of luck.

I think you are forgetting that many sales take place in this extension that are anchored by a NDA. I would suspect if this sale were to happen in a high dollar amount the same would happen in this case. Also, .biz never really gained momentum. Granted it is not everyday that an end user comes along nor a heavy investor, however odds are certainly higher for repeat visits if your keyword is really strong as in the case of BEER.tv, imo.

 

[rodash]

Don't let this name go for less than $60k

My comments are coming from the perspective of one who owns LightBeer.tv, so you could say that I have a qualified interest in this discussion.

I agree with everything John.tv says. He's summed it up very well. Don't let it go for less than $60,000.

You only get one Beer.tv in a lifetime, so make the most of it. And, I wouldn't be worried about passing up the $20,000. Prime single-word domain names like beer, music, software, finance, jobs etc will always carry a premium, regardless of what TLD they're associated with. This name stands out like a beacon.

Think how much this name would be worth to a brewer. It gives any single brewer the chance to promote it's label as the number one brand in the world. I did some quick research. In 2003 the worldwide distilled spirits industry was worth $43 billion. That industry is broken into a lot of spirit types (eg whisky, brandy, gin, etc etc), so you can't really compare it with beer. But, let's be imaginative and say in 2006/2007 the beer industry was worth just half that (and that's being conservative, I think) then you are talking about a key name that sums up a $20 billion dollar industry worldwide. OK, beer.com is obviously the flagship but that sites been set up so that it's not aligned to any particular brand. So there's an opportunity there for a brewer to come in and take out the no.2 beer domain name. And that, arguably, could be beer.tv. How do I justify that rash claim? Well, would you want to have beer.net? Hardly. What about beer.org? Forget it! Beer.biz? That TLD is a poor shadow of .com and won't be in demand for some time yet. Beer.mobi? The name is handy but it's hardly suitable as a main promotional vehicle for beer. Beer.tv? Now that's a real possibility. It's a real possibility when you see what Mercedes-Benz have done with the mercedes-benz.tv domain.

The $3500 annual renewal fee is a cruncher but it's one I'd be willing to pay for a name of this quality. Let's say you sit on this for five years. That means the name's cost you $21,000 over six years. That's barely what's on the table now. If your name isn't worth a lot more than $20,000 in five years from now then we may as well all give up.

Anyway, Vituali, good luck whichever way you go. And in case you or anyone else is wondering, I won't be selling LightBeer.tv for anything less than $100k.

 

[StargateCapital]

Ultimately it boils down to how much the potential buyer is willing to pay and how much the domain owner is willing to accept for it. Anything else in between is just fun discussion.

Best of luck to Virtuali on his great domain.

Now since Virtuali asked.. If I owned beer.tv, I wouldn't sell it for less than $125K because that would be *my* number for it. Interesting take from Mike's valuation.. I'd make sure he wasn't the potential buyer! I don't have any *.*beer.tv type domains, but I have one that's pretty darn good for the industry.

CCD

 

[Ammudamus]

DCMike,
What type of niche was this domain that the seller countered so high?

Thanks,
A

 

[dcmike77]

Please let us know how things go (if there's no NDA). I'm interested to know and wish you the best Just don't counter too high or you'll lose him.

-Mike

Hey Ammudamus. It was a "shopping" domain.

 

[virtuali]

Hi All,

This is good to have a potential buyer come onboard, but to be honest if I just wanted to flip this domain I would not have started development of the site and invested so much money into the purchase of the name etc. I really beleive the .tv extension will come into its own in the next couple years and names that are garning 20,000 now will be worth much more later, especially when developed. Its good to see there is potential buyers but 20,000 or even 50,000 is not something I would consider knowing that the value will be much more down the road. I am in no hurry to sell and can afford to hang on this domain for as long as I want... and now that development is well on its way I will be garning income from other avenues such advertising, sponsorships etc... Either way I will keep you all posted with what happens.

Cheers!

 

[equity78]

am in no hurry to sell and can afford to hang on this domain for as long as I want...

See there is the key and if you have that luxury you control all the cards because the buyer has no leverage. Good luck to you Virtuali and I would be placing value IMO between $50,000 and $100,000 down the road if .tv gains traction in the business community I would say it is $125,000 to $175,000 but that will take time IMO. Developing the domain properly should bring more than $20,000 annually IMO