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How much can a CBD processing plant company pay for a domain?

Labeled as question in Domain Buying and Selling Discussion started by Avtar629, May 2, 2019.

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  1. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    Any experts in the CBD domain niche? I have an exact match for a Colorado company's THREE WORD .com company name . mine is the abbreviated version in 3 letters + CBD.com at the end.

    I think they reached out to me via Afternic or efty.

    Did a Google for the keywords in my domain and pulled up their company immediately. kinda put a smile on my face.

    I know marijuana and CBD industry is huge but just how huge is it as far as say the processing part?

    What kind of money do these people have as a budget as a far as buying an exact match abbreviation for their 3 word domain name?

    Most of these types are farmers and not online marketeers. so when they decide to create a web address they figure "hmmm I guess a three word domain is good enough. Oh wow! It's available for registration! for only $10! I think I'll get it!"

    Then you come around with your 3 letter domain abbreviation for their 3 word domain which you registered a year after they regged theirs.

    What are the chances they will buy much less for big money?

    I'm already doubting this outbound I did after typing this. lol

    outbounds have been dismal lately. makes it hard to be optimistic when ever person you speak to says "Not interested. take me off your mailing list." lol

    Your input is greatly appreciated.

    in thee end, without knowing the domain how much would a 3 letter abbreviation or word (it's actually a word) + CBD.com be priced at? How much would you ask for it?

    fyi this 3 letter abbreviation for their company is also a 3 letter word that sold for high five figures in .net.
     
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  2. Corey

    Corey Top Member VIP ★★★★★★★★★★

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    very hard to suggest a sales price without knowing what the domain is!

    Cheers
    Corey
     
  3. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    Would this info help? would rather not say even if I obfuscated the domain. Don't want anyone on here tipping off the potential buyer about the discussion on here.



    Domain Price Date Venue
    cbd.co 50,000 USD 2018-06-17 GritBrokerage
    liquidcbd.com 10,000 USD 2018-06-17 PotDomains
    smartcbd.com 5,999 USD 2018-10-12 Sedo
    cbd.io 5,000 USD 2018-06-17 PotDomains
    mycbd.com 4,500 USD 2016-06-21 Sedo
    mycbd.com 3,900 USD 2011-06-22 Sedo
    yourcbd.com 2,650 USD 2019-04-21 GoDaddy
    ocbd.com 2,600 USD 2019-01-17 NameJet
    cbd.info 1,995 USD 2007-01-19 Sedo
    cbd.org 1,699 USD 2010-12-02 NameJet

    The question is really about whether a cbd processing plant would pay good money for a domain containing the abbreviation for their 3 word domain plus CBD.com at the end?

    Are these the types of businesses that can even afford such things?

    or are they just going to be cheap? I know it all boils down to the person. no two people are alike but there seems to be a collective understanding that this industry is flushed with cash. so maybe they will spend good money on a domain?
     
  4. Corey

    Corey Top Member VIP ★★★★★★★★★★

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    I am unable to answer your questions, but I do have a suggestion for you, why not put a price on the domain based on recent sales!

    Cheers
    Corey
     
  5. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    yea well you know us crazy domainers! lol

    but anyway. the reason is that I'm "stuck" on the beginning keyword of this particular domain as this keyword by itself has sold for high 5 figures.

    the last two word domain ending in cbd is LiquidCBD.com it's for a CBD water product.

    sold for $10,000.

    the front word is Liquid

    for comparison.

    liquid.com 750,000 USD 2018-03-04 Starfire Holdings
    liquidherbs.com 14,000 USD 2013-10-27 Afternic
    liquidators.org 12,005 USD 2007-07-17 GoDaddy
    liquidcbd.com 10,000 USD 2018-06-17 PotDomains
    liquide.com 6,380 USD 2018-06-21 Sedo
    liquidasphalt.com 5,000 USD 2011-07-19 Sedo
    liquidating.com 4,200 USD 2015-01-12 NameJet
    liquidmusic.com 3,500 USD 2009-08-26 Afternic
    liquidx.com 3,188 USD 2010-01-20 Afternic
    liquidk.com 3,000 USD 2011-01-23 Sedo

    The beginning word in my domain? has sold for 10 times the prices you see above.

    Hope that helps to understand why I'm asking.

    is it really just based on the highest two word CBD domain that has ever sold? or does that first beginning word affect the price much?

    I mean (not my domains) what if we were talking about

    worldCBD.com
    or
    BuyCBD.com
    or
    GetCBD.com
    or
    WeedCBD.com

    would we be looking at a sold prices above LiquidCBD.com's $10,000?
     
  6. Corey

    Corey Top Member VIP ★★★★★★★★★★

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  7. Corey

    Corey Top Member VIP ★★★★★★★★★★

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    remember acronym's and pronoucable's hold different values

    Cheers
    Corey
     
  8. Gabriel360

    Gabriel360 Established Member

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    I would suggest you don't let the fact that the business is already established push you into demanding an extremely high price. If you do they'd just figure since they've been existing for quite a while without your domain name, they wouldn't die off if they refuse to get it. Then it would take a form of special skills for you to convince them otherwise.


    So, I'd suggest you fix your price as if you didn't know or care who the buyer is. A price that would be profitable for you and reasonable to whoever the buyer is.


    I rest my case.
     
  9. Grego85

    Grego85 Quality.Domains VIP

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    Didnt you have an idea of what the domain is worth when you acquired it? Why not just charge that price and not worry about who is buying the name? Charging more because you find out youre doing business with a large company is just a bad/greedy practice IMO.
     
  10. FolioTeam

    FolioTeam Top Member VIP

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  11. hawkeye

    hawkeye Top Member PRO VIP ★★★★★★★★★★

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    The answer is they can pay as much as they want to pay.

    However, I'd say why not feed your 'give me my homerun domain name sale' craving, and just ask for that ridiculous amount that you're really wanting (dreaming of), and give them that price. You're probably going to be disappointed no matter if they buy it or not (if they are who you're hoping for), but you can rest knowing you tried to feed that craving.
     
  12. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    This is true. many times I've reached out to the "perfect" buyer for a domain and they just did the equivalent of a "piff!" and " I don't need it. Thanks."

    Even the ones that reach out to you directly.

    Thanks.
     
  13. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    I get it I get it. I've burnt myself several times overcharging for a domain. this is why I'm here feeling it out amongst the experts.

    I think I'll stick with $10,000 and call it a day. They will probably negotiate down even more.

    If you tell buyers $1 even if $1 is already cheap they will still ask for 50 cents. lol you all know this.
     
  14. xynames

    xynames XYNames.com PRO VIP

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  15. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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  16. Vito

    Vito Domain Names Matter Gold Account VIP Trusted Contest Holder ★★★★★★★★★★

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  17. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    The would mean paying 10%-20% to Godaddy or Afternic.
    Don't need them as I have a direct line to the enduser. just waiting for their offer. Did not give a price yet. did not want to scare them away with my ridiculous pricing.
    reseller pricing maybe but this enduser priced. Thanks.
     
  18. Recons.Com

    Recons.Com Top Member VIP

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    LoL! Straight shooter, as always!
     
  19. Grego85

    Grego85 Quality.Domains VIP

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    Absurdly incorrect. You do not need Godaddy or Afternic to put a BIN on a domain name. I find this to be an odd belief by a domainer.

    And hopefully from what you said above, you received this offer via Efty and not Afternic. Pretty Uncouth to bypass the vendor from which you received the offer. I also find it odd that you seemed confused on whether the offer was given via Efty or Afternic in the OP.
     
    Last edited: May 3, 2019
  20. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    No. I misunderstood the post earlier. I assumed she meant adding a bin on Godaddy or Afternic. as that's what I've been doing lately to many of my domains.

    It is true you can put a BIN on a domain on Efty but haven't gotten around to doing that on my efty's. plus like I said before I'm bad with pricing so it you say "put a bin" I'll probably put $100,000 and call it a day. but that wouldn't help me at all. So rather leave it blank.

    actually no offer yet as I mentioned I think?

    uncouth? lol

    so....anyone who lists on Afternic and then redirects the dns to ns1.eftydns.com ns2.eftydns.com is uncouth? isn't that what most efty users do? isn't that the point of Efty? to avoid having to pay commission to a Godaddy? or Afternic?

    if you call me uncouth then all efty users are uncouth?

    not that this is THAT situation as I reached out to the potential buyer myself.

    I reached out to the potential buyer. waiting for offer. I have not put a price as it's obvious I suck at pricing my domains. I always go way overprice and scare the buyer.

    so I decided to leave it as make offer.

    waiting on offer.
    I register domains I like the sound of. and if the keywords are "big money" keywords.
    pricing comes later. usually when an inquiry comes in do I bother with pricing.

    charging more because I'm doing with a large company?

    NOPE.

    I reached out to a potential buyer. They seem interested.

    I checked Namebio. Saw the sales prices. I see a sale price of $50,000 for a domain with the same keyword.

    Seeing that $50,000 price tempts me to price it high.

    it has nothing to do with the large company. it has to do with the numbers I'm seeing.

    In fact, if we are to be logical. If I were greedy. I would have just put $50,000 or $100,000 on the domain and not even bother to post this thread.

    I came hear to ask for advice because I do know this company probably can't afford $100,000 for this domain this is why I haven't slapped a $100,000 bin on this domain.

    I don't want to leave meat on the bones and regret later nor do I want to overprice either.

    So I'm throwing it out here on NP to get some ideas on pricing.

    I did not come here for a lecture on Greed.

    If we are going to talk about GREED then ALL DOMAINERS are GREEDY.

    Let me explain.

    Handregister a domain for $5-$10? and sell for $100?or $500?

    Isn't that the definition of Greed?

    If you want to be picky.

    if you want to be a kind and generous and not greedy domainer like you imply. why not sell the domain for just double your cost?

    But 10 times? or 20 times?

    in my opinion anything over double your cost is GREEDY.

    so don't come here on the high and mighty please. We're all greedy. just different levels of it.

    So I'm greedy and your not? Ok. Deal. From now on. Go sell your domains for just double profit okay? from this point on I better not sell you sell a domain for over double reg fee because then that's just hypocritical.

    See how that kind generous nice nice business model works for you.

    Again I came here to ask for how to price a CBD domain. period.

    side note Lately though I've decided to take some time and just start putting prices on my domains that I just want to sell for quick cash.

    writing this quick while waiting for train. so there might be some errors. don't penalize me.
     
  21. Grego85

    Grego85 Quality.Domains VIP

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    ^ You are perhaps the most confusing person I think I've ever encountered on this forum. I do wish good luck to you :)
     
    Last edited: May 3, 2019
  22. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    In case my point is not understood. Here's a scenario. Man robs a bank but only steals $1 does that mean he did not commit a crime?

    My point that act of selling a domain no matter how you package it is still greed at it's basic form. Greed is the foundation on which all business is built on. There are no Innocents. If you are not here to make money then what's the point?


    The only people I know who have the luxury of saying don't be greedy are rich people.

    I'd tread lightly on labeling people as greedy. You don't know everyone's situation. What if someone need to sell a domain for $200,000 to pay for a kidney transplant? Would you dare call them greedy then? But it's ok to outright call me greedy because you don't like me? I guess that makes it ok not knowing why I need to make ever domain sale count right now?

    Alrighty there Richie rich.
     
  23. Grego85

    Grego85 Quality.Domains VIP

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    ^ Your OP was crudely pretty much this -

    -Hey guys, I found out an offer I got for a domain may have come from a big cbd company, what do you think is the max I could make them pay up for it?-

    This is a greedy way to look at running your business. For one, a good domainer should know the price of their own product. A non greedy merchant would care more about offering a quality product to a business with the hope it helps them thrive, and less about how much that company could be raked for.
    But these are decisions you should have an idea of before you list your product for sale. To make up your mind on price based on who you perceive to be the buyer is in fact GREEDY.
     
    Last edited: May 3, 2019
  24. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    Checky bastard. So what do you think? I'm think the most I can ask for is $10,000 and probably get bargained down to $5k or $6k if I'm lucky.

    People these days you can price it at $1 and they still ask for 50 cents.

    I've sold domains for way cheaper the market rate but that's only because I'm bad at pricing.

    Plus I'm realizing some sales are not reported on Namebio so you really can't accurately price your domains based on Namebio. So in the end you are flying blind.
     
  25. Dave

    Dave Top Member VIP ★★★★★★★★★★

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    FFS stop basing your domain value around who the potential buyer is. It's a shoddy, unethical and ridiculous business practice. I don't mean to offend you but it really is a ridiculous way of selling domains.

    The true value of a domain isn't based on how much money the potential buyer has, it's how much value your domain can bring to said potential buyer.

    I agree with Hawkeye, you're dreaming of a price that will unlikely ever come.

    I've sold hundreds and hundreds of domains over the years and I can tell you that the amount of 5 fig+ offers is a very small percentage.

    Start being more realistic. The real bread and butter for 99% of domain names/registrants is the $xxx to $x,xxx range.
     

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