advice Got an offer for 5K for a LLLL . COM Counter or no?

[blogspotter]

Just when I am starting to get into domaining,
I just got an offer for 5 K from a godaddy broker on behalf of a buyer.
What should be my first response?

It is a short brandble .com

 

[love4ever]

Thats worse actualy !! because if the emails you recieved were from domainers i think you would expect as usual silly offers like $100 or $200 . thats why they disappear when they see the $10k

 

[blogspotter]

I counted and Justia has 54 results with my 4 letter word as a Suffix if that means anything

I have never posted this domain on any Marketplace.
I bought it in hopes of developing someday as it was brandable with a single letter word hack like del.i.cio.us
more like a.bility.com
Funny to think about it

 

[ultradog]

Think of it as a brand and see if it works. Does it suggest a meaning? Does it have a positive or pleasant sound? IF it is also an easily-pronounced word that is not clumsy and sounds like a real word, I'd ask at least 15-20k. You can always come down.

 

[forge]

Forget about TMs, they're meaningless in this equation. Focus on getting your domain sold!

 

[blogspotter]

Think of it as a brand and see if it works. Does it suggest a meaning? Does it have a positive or pleasant sound? IF it is also an easily-pronounced word that is not clumsy and sounds like a real word, I'd ask at least 15-20k. You can always come down.

Let me put it this way, it sounds exactly like a very nice single syllable 4 LLLL word, but it is not spelled like a simple "song" more like sogn, but it is not made up. It is an accepted currently usable spelling for the same letter and you will read it like i said when you see it. It is just that the the word itself needs a prefix to make it meaningful, as all the available brands using my syllable suggest.

 

[blogspotter]

Forget about TMs, they're meaningless in this equation. Focus on getting your domain sold!

Of course. I was replying to one of the comments that asked if there are any recent trademarks.
I have owned this for 8 years and none of the trademarks for the work, but a combination. I was talking about how the particular LLLL is being used as a brand.

It is pretty good actually. I would hapillly have shared if it wasn't for the negotiations

 

[lock]

If your descriptions is it spells a word then no don't sell 5k. I don't know what it is so hard to give any advice but it might be worth more and it may also not.

 

[blogspotter]

I will keep this thread open as my first domain negotiation experience
Let us see how it holds ups

 

[MA000]

accept the offer as long as you need the cash !
please, don't risk with losing cash that you need for urgent business !

 

[blogspotter]

accept the offer as long as you need the cash !
please, don't risk with losing cash that you need for urgent business !

Thanks. I don't need the cash for urgent business, but then there are tons of domains in the 100-200 range that I would want to buy too..., so this is worth thinking

 

[gemstar]

Take the money and run unless they are asking you to provide an appraisal then it's a scam

 

[blogspotter]

Take the money and run unless they are asking you to provide an appraisal then it's a scam

WOuld an appraisal scam come via a godaddy domain broker?

 

[forge]

WOuld an appraisal scam come via a godaddy domain broker?

Absolutely not.

 

[YairDD]

Always counter. If its through a Godaddy broker I'd tell them to try to get as much as they can and close the sale. They are very experienced and will do what they can to get more from the buyer

 

[karmaco]

I agree to counter higher. People around these parts generally like to sell for too cheap. If you have no urgent need for cash- counter. Easy.

 

[RJ]

An offer like that means it's probably a startup company or a company looking to rebrand. You are probably not dealing with a fellow domainer, so price it accordingly.

Four letter domains that are brandable are actually quite rare and valuable. I hope you counter offer with a high number ($40k+)

 

[3sixty]

If it is through a broker then I recommended counter more. Especially if you believe it is worth more, counter with that number.

The broker is your wall between yourself and the buyer. So use it to your advantage as they can always go back to the buyer with something like "I just spoke to the domain owner and have talked him into lowering his price to $5,000" if the buyer really isn't willing to budge on the offer, yet you are willing to sell.

Meanwhile if negs breakdown and the buyer comes direct because you have your own lander. Well, you can re-kindle things and "blame it on the broker" so to speak.

 

[ultradog]

Always counter. If its through a Godaddy broker I'd tell them to try to get as much as they can and close the sale. They are very experienced and will do what they can to get more from the buyer

On what planet did you experience this? When contacted by a GD broker with a buyer interested in a domain of ours, we'd be lucky if they came back with any negotiation at all. As a result we are not quick to respond to those missives.

 

[blogspotter]

An offer like that means it's probably a startup company or a company looking to rebrand. You are probably not dealing with a fellow domainer, so price it accordingly.

Four letter domains that are brandable are actually quite rare and valuable. I hope you counter offer with a high number ($40k+)

There is a company that did recent expansions at the end of 2019.
300+ employes. Mid XX Million revenue and their website is L-LLLL.com lol

 

[blogspotter]

On what planet did you experience this? When contacted by a GD broker with a buyer interested in a domain of ours, we'd be lucky if they came back with any negotiation at all. As a result we are not quick to respond to those missives.

I am not sure what you are trying to say?