End user interest, how would you respond?

[Jingles]

Several months ago I saw a $12,000 sale in one of the "crappy" extensions for a product related name. Soon after I reg'd the same name, only with a hyphen in the name. Today I decided to email the buyer of the $12,000 name to see if he would be interested in buying my name and I've just received an email from him to "please let me know your price."

This product is fairly new and popular in the world of electronics and this may even be a major end user I'm dealing with. I know domainers always say a hyphen lowers the value, but I also hear that alot of end users don't seem to mind them.

Ugh..I just don't know what to do!

Edited to add: Looking at the search results for this product on Google, it appears that a hyphen is actually used quite a bit.

 

[tech4]

Offer him 4-5K since this is a hyphen one. And see where this goes. If you offer him more than 12K he might be angry ...

 

[Jingles]

Thanks, tech4. I definitely wasn't thinking of offering anything close to 12k, but mid $X,XXX did cross my mind...I just don't want to scare him away. Mid $X,XXX for me right now would be a godsend.

 

[Steven]

Maybe low x,xxx instead of mid x,xxx to not scare him off.

 

[Spade]

Since you hand regged it after the sale of the other domain - Consider that the actual value to the end-user may not be as great as your assuming. I would probably shoot for low-mid xxx.

I think if you asked for x,xxx - you'll ruin any interest he has in the domain name. Good luck though.

Justin

 

[dbtbandit67]

Since you hand regged it after the sale of the other domain - Consider that the actual value to the end-user may not be as great as your assuming. I would probably shoot for low-mid xxx.

I think if you asked for x,xxx - you'll ruin any interest he has in the domain name. Good luck though.

Justin

i totally agree. low-mid xxx would be a profitable sale as well. can you share with us what exactly the domain is? that makes a difference

from my experience in cold-selling, an end user showing interest in the domain as a result of you "pushing" the domain to them doesn't usually lead to as great of a sale as it would if they were the ones that e-mailed you. judging that it is a new product, hyphenated, and in a bad extension i wouldn't ask for that much.

he just has a general interest in the domain which a lot of people have; that doesn't mean he is ready to pay that sort of premium for it. and it does sound like you would like to make a sale right now.

 

[CrazyJoker]

I totally agree dbtbandit67,if he asked the price doesn't mean he is ready to pull $x.xxx from his pocket,i would go for a mid $xxx .

 

[wot]

Start low you will sell low.

It's a new reg :? and you got a reply despite it being solicited.

Pitch at lowish $x,xxx and add negotiable.

Something along:

"I am seeking xxxx but I note xxxx-xxxx is specific to your industry/business and I currently have no plans for the name hence I would be prepared to consider offers"

Gives you options to play and options to "buyer" and the addition of "currently" indicates you may have plans to so something with the name.

Good luck

 

[CoolCode]

agree with spade, if the enduser really wanted to go for the hyphenated domain he would have handreged it before he purchased the other domain

so best is to offer something like $200 and say valid for few days

Since you hand regged it after the sale of the other domain - Consider that the actual value to the end-user may not be as great as your assuming. I would probably shoot for low-mid xxx.

I think if you asked for x,xxx - you'll ruin any interest he has in the domain name. Good luck though.

Justin

 

[JoshuaPz]

Look up his company name on Manta and see whether you could pull up its revenue / employee figures. That should help establish your general asking price range. Most of the figures mentioned in this thread are just shots in the dark, based only on the fact he bought the non-hyphenated version for $12K.

If he runs a multi-bullion dollar / year operation then sure, by all means, ask mid-$X,XXX ($12K was probably just a drip in the bucket for him in the first place). If we're taking just a 12-person company, however, you'll probably have to settle for mid-$XXX.

Edit: This thread inspired me to write the following article on end-user pricing:
http://www.namepros.com/domain-name-discussion/68798-how-to-find-potential-end-users.html
(It's post #976)

 

[theuniverse]

Look up his company name on Manta and see whether you could pull up its revenue / employee figures. That should help establish your general asking price range. Most of the figures mentioned in this thread are just shots in the dark, based only on the fact he bought the non-hyphenated version for $12K.

If he runs a multi-bullion dollar / year operation then sure, by all means, ask mid-$X,XXX ($12K was probably just a drip in the bucket for him in the first place). If we're taking just a 12-person company, however, you'll probably have to settle for mid-$XXX.

Edit: This thread inspired me to write the following article on end-user pricing:
http://www.namepros.com/domain-name-discussion/68798-how-to-find-potential-end-users.html
(It's post #976)

Very good reply,follow this.

 

[nrmillions]

Since they already own the non hyphenated domain then they dont absolutely just have to have the hyphenated one. I think if you try to sell for x,xxx you wont hear from them ever again. I would tell them $240 and say its only 2% of what they paid for their non hyphenated name.

 

[wot]

Looks like the consensus is to pitch low. Be interested to see what the what the result is. Make sure "buyer' is aware of how the hyphenated version can be of benefit seo etc.

Of course if you do pitch low you will never know what might have been achieved. :gl:

 

[Aboutdomains]

I do agree with JoshuaPz idea. It is the best way to go.

 

[caffea]

probably mid $xxx and make things negotiable.