domain Domain Appraisal requested

[jetshack]

Here's the back story...

I registered jetshack.com a couple of 3 years ago or so for my family's personal site. Our last name is Jacks...

JetShack is an anagram for The Jacks

So that said the domain has sentamental value to me, but it's not a $ generator.

Anyway I received this email today

Greetings,

I have started a business, for which the site is being developed
(www.thejetshack.com) and was wondering if you would be interested in
selling your domain name.

Please let me know either way, and I hope to hear from you soon.

Thanks for your time,

contact info removed...

I went to the site mentioned, but can't determine what he's planning on selling. In the back of my mind I've always thought that the name would be a great one for a company that's selling aviation parts, or an auction site for airplanes... but never really thought more about it than that...

I don't want to post what the sentamental value is to me for fear that dude might read this thread, but I've factored in the sentamentality of the name to me, switching email addresses, trying to get back links updated to where the personal site will be moved to, etc... and do have a number in my head.

In general what do you all fell like
www.jetshack.com is worth?

Thanks
Jonathan Jacks
www.springcypress.com

 

[edwinfelix]

His business is selling airplanes.

I think you've found THE right end-user here. The domain can eaisly go $xxx.

But, it'd be a good idea to find out how much's he willing to pay.

 

[jetshack]

I sent him an email with a link to
http://www.swiftappraisal.com/step1.php

and told him to enter in the information into the fields honestly... I filled the form out a bunch of different ways... The low end that came up was $430... I wouldn't sell the domain for that... As I told him in a follow up email "It would be more than a $430 hassle to get all the backlinks that point to me corrected to whatever domain I ended up moving to, changing email accounts out, sentamental value, etc..."

That said the high end was $64k... that's an absurd amount... So I know that the right number is in between... I just don't know where...

Does it matter that it has a pr5 (some of the pages on the site are pr6)?

 

[jetshack]

So I replied to the guy 3 days ago asking him to make an offer... to this point he hasn't done it...

also since originally posting he's fleshed out thejetshack.com and it looks like he'll be selling minatures of airplanes...

my guess is that he's not going to be willing to pay what I'm willing to sell the domain for... too bad...

 

[cjcjcj]

Don't let him go! Can you phone him and chat - always works better then email

 

[Bannen]

I'd say find a happy medium; that appraisal probably axed the deal immediately IMO, if he saw such a high price spread. Now that you know what he wants the name for - that it's a tidy-sized business but doesn't look like a hugely lucrative business as I check his website - seems to me like high xxx would be reasonable and realistic.
Nothing wrong with being honest with the buyer; let him know that the name has sentimental value to you, but that also if you made a bit of profit you'd be happy with that (if indeed you feel this way). In a case like this, where the name is more than just domain-selling to you, seems like you can't lose; if he doesn't buy, you're still left with a name you like using; if he does buy, it'll be for enough that you've made some coin out of it.

With this kind of end user, a very simple and upfront statement like this is what I suggest:
"This name means a lot to me so I'd like a comfortable profit for it; but I know you're not a massive company who could pay high; I'd be happy with a minimum, firm price of $800 for this." (or whatever $ amount feels right in your gut.)

p.s. I do like this name, which is why I checked into the thread in the first place. Neat and serviceable name, which I would probably have appraised into the med - xxx, or slightly higher, for end users.

 

[jetshack]

we'll see... the number which was floating around in my head was $1500ish... that pays off the credit card and makes the wife and I debt free except for the house... no car payments, kids, other credit cards, etc... For less than that I just don't see it happening from a shear don't want to deal with the hassle point... It's such a bitch to get people to switch email addresses and get backlinks changed...

 

[Bannen]

Yes. 800 was just my gut-feel for the known factors; but since I know only a fraction of the details, that's why I said you gotta go with your own; our only getting a few of the details is what makes it difficult in cases like this to figure an ideal amount. that's part of the fun - and the frustration - of domaining: lots of experience goes into these Namepros appraisals collectively, but in the end you're the one left with the ball, to figure out which way to take it.

Oh yeah; and thanks for the fascinating insight into your finances, ha

 

[Domainate.com]

Talk to the guy on the phone, let him know the name is sentimental to you and that you intended on keeping it (make him work to get the name). He is a company buying the name as a much better option to his company name ("The*name* as opposed to *name* probably drops 90% of the value at least.). If his business is in selling airplanes, then he likely has $$$ to spend. I'd say start with at LEAST mid $x,xxx in the negotiations, and if he brings you down to around $2,000-$2,500, so be it, take that much if you are willing to. Unfortunately, the whole SwiftAppraisal thing might have hurt the process rather than helped it. Hopefully it didn't and you can get a great sale. Good luck!

 

[Bannen]

Talk to the guy on the phone, let him know the name is sentimental to you and that you intended on keeping it (make him work to get the name). He is a company buying the name as a much better option to his company name ("The*name* as opposed to *name* probably drops 90% of the value at least.). If his business is in selling airplanes, then he likely has $$$ to spend. I'd say start with at LEAST mid $x,xxx in the negotiations, and if he brings you down to around $2,000-$2,500, so be it, take that much if you are willing to. Unfortunately, the whole SwiftAppraisal thing might have hurt the process rather than helped it. Hopefully it didn't and you can get a great sale. Good luck!

He sells LITTLE airplanes... it's a collector's site for selling little model airplanes, that's why we're hitting low numbers rather than High. If it was REAL planes I'd say go right for the 'nads and ask well into x,xxx.

 

[Domainate.com]

He sells LITTLE airplanes... it's a collector's site for selling little model airplanes, that's why we're hitting low numbers rather than High. If it was REAL planes I'd say go right for the 'nads and ask well into x,xxx.

Ah, okay...I saw "he sells airplanes" and went buckwild.

Still, ask for more than what you want and have him negotiate down to what you want. If you want $1000-$1500, ask for $2000. Every single time I've been the one to initially give out a price to someone, they've never accepted it, even if it was a reasonable price. They ALWAYS try to talk you down, and if you say $1000 and then don't come down at all, he may feel like you're not really working with him on the price. Anyhow, good luck.