posted by Dont.net:
Absolutely. Don't base your asking price around some figure you drew out of the air; be ready to justify it on a point-by-point basis.
You want to build value in any sales pitch. I would recommend that when you first give the prospect a price, take the first or first and second most relevant points -- even if they aren't the strongest -- and present them, along with the price.
By most relevant I mean --
If you are contacting this person because they advertise for the domain's keywords on AdWords, and you see them on the parking page for the domain, then the big relevant point is the cost of advertising on that keyword.
If the prospect owns a ton of sites centered around that keyword's niche, then search volume and how the strong the domain's keywords are relative to other phrases in that niche, especially any weaker ones.
If you found them on the second or third page of search results, try to find some related keyword domains that are ranking and point those out.
In other words, if your domain is not crap, it probably has three or four points about it that give it some credible weight. After all, you must have done some research before you picked it up, right? Find the plus signs that seem most relevant to the prospect and present them prior to the price. Save your other points for when they respond that that's ridiculous, nobody pays that for domains, it's not even a site, you must be on meth etc.
Frank