advice How to respond to domain name inquiry?

[LaunchUp.com]

To be brief, A ex owner of a domain I own contacted me basically saying they somehow made their name drop. They want to know how much it would cost to take back ownership.

The name is brandable. After some research, I realized they work for a company that makes a few million yearly. The owner of the company has the same last name as them so it appears it's the father.
This person owned the domain name since about 2002 before i reg it this year. It seemed to be used to sell vehicle parts and motorcycle related.

They also left their phone number in the email.

I don't know how much to ask for?
Person seem to have some money and attachment to the name.

I am thinking that maybe i need a good broker who can negotiate a deal over the phone.
If you know anyone who is really good at this, please let me know

Let me know what you think?

I could send you the exact email or domain by PM if you need.

Thanks..

 

[johname]

Hire a broker? Don't be surprise if they didn't want to pay the register penalty and thought they could hand reg it after the drop. (in other words their limit could be very small and a broker is overkill)

First try to get them to make an offer (be prepared for $50)

 

[Nattydomain]

a couple million dont really mean shit. A milli gross and $50,000 net may be there case. If the domain stopped there business from running then you may have a shot at a higher amount BUT if it was just used as a redirect or something very minor then a few hundred IF THAT may all be the case.

 

[gilescoley]

No worth a broker for this, who will probably take a 10-15% cut anyway

Just ask them to make a reasonable offer and see what they come back with

 

[snailman]

Reasonable offer? In their eyes you are a kidnapper holding " their" domain hostage.

 

[Mr.Natwarlal]

Reasonable offer? In their eyes you are a kidnapper holding " their" domain hostage.

legally :p

 

[verbster]

Reasonable offer? In their eyes you are a kidnapper holding " their" domain hostage.

Maybe, maybe not. I've had pretty good luck with asking buyers to make a fair/reasonable offer. Besides, it's best to have them make the first offer.

 

[gilescoley]

Reasonable offer? In their eyes you are a kidnapper holding " their" domain hostage

Who cares what they think, if they want the name, they better make an offer...or they can find another name...thats business....

 

[onebrand.co]

Yeap, if you are sure the domain is generic and holds no trademark infringement, then it is alright to ask for a fair price. What's fair is subjective and the value depends on you (the holder) and the prospective buyer. Be careful not to be too greedy unless it is a very premium domain, like really premium.

If your asking price is too high (again, subjective but you get what I mean), it puts you in bad light and you will come across as trying to "extort" them.

If it's too low, you will be putting money on the table. How much, we'll never know.

At the end of the day, this is part of the domain aftermarket industry. It's your choice, your take. As long as you are satisfied. Best wishes and do keep us posted on this story

 

[Banezer]

i will go with other who said u should ask them to make a reasonable offer, that is the best advice now, then you can start from their to negotiate

 

[JanuaryBabe]

Tell them you have a big plan for this domain name and not going to sell. Then they may offer a price that you unable to reject.