NameSilo

Did I quote the wrong price?

Labeled as advice in Domain Buying and Selling Discussion, started by VidhataPrakash, Jun 15, 2021

Replies:
31
Views:
1,713

  1. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    There is one popular online brand ($ 50 million worth atleast) lets say example.com and I happened to have .net version with me .... I approached the right person within company ... He asked me how much I was willing to sell it for ... I have quoted low xxxxx and haven't got any reply since .... It has been just few days ... What should I do?
    I am ready to wait ...but I am interested to know how you guys would go about it..
    How likely a .com owner likely to acquire .net as well?
    Regards
     
    Last edited: Jun 15, 2021
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. The Durfer

    The Durfer Wesley Sweatman VIP Gold Account

    Posts:
    10,448
    Likes Received:
    15,571
    it takes a board meeting and a lot of bureaucracy at a big company to allot money for a domain, if its a small company, then you should hear today or tomorrow, then followup.
     
  3. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    Is the quoted price fine, would you have quote the same price range?
     
  4. br1ll1on

    br1ll1on Established Member

    Posts:
    169
    Likes Received:
    196
    uhmm xxxxx for the .net version when they already have the .com(better extension) ,maybe xxxxx is a little over (just my opinion) πŸ€·πŸ½β€β™‚οΈ
     
  5. The Durfer

    The Durfer Wesley Sweatman VIP Gold Account

    Posts:
    10,448
    Likes Received:
    15,571
    really need to know the word to determine proper value if the dot com is possessed already by the company. If its inter.com or inter.net yes. pm me the name if you want to keep it private.
     
    Last edited: Jun 15, 2021
  6. If you own the .COM, the .NET is not normally needed that much.

    The odds of selling some random .NET proactively for $XX,XXX are remote.

    Brad
     
  7. I doubt you hit the lottery here. Hopefully you dont hear from the lawyers at this $50 million company and its a generic term
     
  8. jhm

    jhm Glazed

    Posts:
    3,160
    Likes Received:
    4,287
    @VidhataPrakash I can tell you I've done this in the past (selling the .net to a company that has their .com), and with big companies especially ...you will often be waiting a long time for a response, best with small companies

    However, my success rate was poor. As @bmugford pointed out ...if you own the ".com", the incentive is small when considering the acquisition of other extensions. Plus, trademark issues
     
    Last edited: Jun 15, 2021
  9. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    Thanks a ton guys for sharing your views, really helps :)
     
  10. esa

    esa Established Member β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…

    Posts:
    118
    Likes Received:
    99
    if it's a generic one word .net then good for you
     
  11. M.Rovert

    M.Rovert Established Member

    Posts:
    71
    Likes Received:
    62
    When doing outbound it is good to use sometype of email traking service. (I do not know how it is going to work after AppleΒ΄s move in blocking that pixel)
    By doing so, at least it eliminates the doubt of if that email has reached that person or if it has even ever been opened a number of times, or even shared around to his or her fellows. That could mean there may be some interest, or if it has just passed unopend by lack of interest or because it has gone to the spam folder.
    It really does give peace of mind.
    I have had an email rolling from one device to an other, beeing opened up to 47 times (could have an margin or error or a 30% of views) like in one day in plenty of devices and ipΒ΄s like "wow wow ww this is gettig exiting". And then nothing.
    As The Durfer mentioned, it can take take a board meeting... maybe lots of "blablabla" "blablabla" and at the end "ok so no interest guys, next point of the day" and case closed.
     
    Last edited: Jun 16, 2021
  12. The Durfer

    The Durfer Wesley Sweatman VIP Gold Account

    Posts:
    10,448
    Likes Received:
    15,571
    the general unmentioned rule is that dot com brings a higher value than dot net, except for obvious reasons. If its a bombshell of a dot com than the dot net is usually 10-25% of the dot com.
     
    Last edited: Jun 16, 2021
  13. karmaco

    karmaco Top Contributor VIP

    Posts:
    3,163
    Likes Received:
    8,780
    Very unlikely to get that kind of price on a net. Good luck.
     
  14. noneisnone

    noneisnone 444 VIP Gold Account

    Posts:
    2,678
    Likes Received:
    2,161
    you reached the right person got a reply you missed up when you asked for too much.
    if the amount wasn't big i think he could have been the decision maker
     
  15. NickB

    NickB it's a mystery VIP

    Posts:
    5,527
    Likes Received:
    13,240
    When you say you reached the right person do they have control of the budget - Director, VP or C-Suite?

    If you contacted a manager it will have to go up the ladder to a decision maker.....
     
    Last edited: Jun 16, 2021
  16. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    I mean the CEO/FOUNDER.
     
  17. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    Well it seems I over quoted .... (Mid to high four figure would have worked fine) I am quite new to domaining ... Still learning .... It will serve as a lesson for me .... If the story ends up other way would be glad to share it here with you guys.... Fingers crossed ...
     
    Last edited: Jun 17, 2021
  18. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    Update - I msgd the concerned person what he will be willing to pay ... He replied asked me to prove that I own the domain ... I did send him screen shot .... Its been a week and he has gone silent since then ..... I think he is playing the waiting game.... Any thoughts?
     
  19. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    Also till now I did not list the domain anywhere but seeing the cold response I listed the domain on Sedo/Afternic/Dan - May be that's why he asked me for the proof..
     
  20. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

    Posts:
    1,866
    Likes Received:
    6,877
    I don't feel comfortable with this, for you.

    What information was in that screenshot?
     
    Last edited: Jun 30, 2021
  21. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    Basically showing the domain is with me ... However any other details apart from domain name were not shown
     
  22. aliweb

    aliweb Established Member β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…

    Posts:
    414
    Likes Received:
    156
    Yeah looks like he is gathering evidence as per advice from lawyer. OP still hasn't mentioned whether it is generic name or not. But looking at his first post where he says "There is one popular online brand" it seems it's a TM name.
     
  23. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    Name is trademarked in US .... I belong to another country ... How is this going to affect me ... Haven't monetized it either via parking landers
     
  24. Doubtful there is jurisdiction crossover but you never know. If the brand is an international company with a physical presence in your country then you should be careful. Not good idea to try to sell TM domain to the holder.
     
  25. VidhataPrakash

    VidhataPrakash Established Member

    Posts:
    147
    Likes Received:
    119
    Actually I gave a thought about it ... The company is primarily operating in US .. Hence I felt this shouldn't be mich of an issue ....
    I would really welcome some expert advice on the subject .....
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
biix
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...