advice I received an offer from a Billion dollar company for my LLLL.co

[Nomad91]

Hey Guys,

So I received an offer from a billion dollar public company for a 4 letter word .co domain I own (LLLL.co) The domain is the companies name.

They first offered me $2500 for the domain, I declined, and replied saying that my selling price is in the mid to high five figures range ($xx,xxx)

They then adjusted there offer to $10,000. (yesterday, I haven't replied back yet)


My question to you guys is am I being too greedy? What price would you sell a 4 letter word .co domain for? I feel like I should at least get mid five figures. What do you think?

for some context the .com is already in use by another company and they're not likely to sell, hence why I think they want the .co. instead.



I want to hear your thoughts. (Before I reply back to them)

 

[skshogun]

Hmmm, maybe provide some clues about the domain name.

Is it a dictionary word, pronouncable? If this buyer decides it's too high of a price for them would it be a good fit for any other end-users that can offer at least 10K?

 

[karmaco]

There is no way to know for sure without knowing the name and no don’t post it here.

Unless we are talking about a very popular 4 letter dictionary word I think your expectations are way high. Co etc usually goes for a fraction of the dot com.

Start by checking out the prices on the other extensions that are registered or if they are developed. Check for trademark.

I believe 10K is pretty damn good for a co.

 

[karmaco]

.

 

[YairDD]

Without knowing the name - I'm guessing it's not a very common real word, but just a company's name or initials. I would sell it for $10k.

 

[esa]

take the money

 

[PatrickV]

.co isn't .com, .com is King, anyway good luck.

 

[bmugford]

It depends on the domain and pool of buyers. Is it a generic term with many potential buyers or just some random brand?

Brad

 

[pinkdragon]

How many extensions are taken?

How many companies are on Linkedin, with the exact same name? How many of them are big companies?

 

[Andreas B.]

if its a billion dollar company, and you think they will (may) use your .co as main domain, 20k is much better than 10k

If you think they won't use your .co as domain - but solely for SEO / brand protection, then 10k - 15k is ok.

 

[kor]

A couple of recent sales :

eth.co 300k
leaf.co 89k
versus.co 75k
electra.co 50k
heyday.co 45k
novo.co 35k

 

[VadimK]

I agree with those who say ''take the money''. Most likely you'll be waiting forever for the next offer (remember, it's co and not a dictionary word).
As an option - counter at 15000, but if no reply for 4 days - agree on 10000.

 

[Nomad91]

Hmmm, maybe provide some clues about the domain name.

Is it a dictionary word, pronouncable? If this buyer decides it's too high of a price for them would it be a good fit for any other end-users that can offer at least 10K?

It is a dictionary word, pronounceable!

 

[Nomad91]

It depends on the domain and pool of buyers. Is it a generic term with many potential buyers or just some random brand?

Brad

It's a generic dictionary word! pronounceable

 

[Nomad91]

if its a billion dollar company, and you think they will (may) use your .co as main domain, 20k is much better than 10k

If you think they won't use your .co as domain - but solely for SEO / brand protection, then 10k - 15k is ok.

I think they would use it, as there current domain is not very good tbh

 

[bmugford]

It's a generic dictionary word! pronounceable

No one can really answer the question. The company could be willing to pay $10K or $50K or more.
Who knows. We don't have the full information.

If you ask like $15K or $20K you might get it. I doubt it would turn them off.
If you ask some absurd amount , they might just walk away.

Brad

 

[Nomad91]

No one can really answer the question. The company could be willing to pay $10K or $50K or more.
Who knows. We don't have the full information.

If you ask like $15K or $20K you might get it. I doubt it would turn them off.
If you ask some absurd amount , they might just walk away.

Brad

Thanks Brad! Always helpful

 

[Embrand]

I would also look into what other options they might have before I gave my counter-offer. Could they use a .net, .io, .xyz or another extension instead? Or a .com with "go" in front of it or "inc" at the end?

It is very difficult to say. Sometimes a small company is willing to spend a lot of money on a domain, but there is no guarantee that even a billion dollar company will be willing to do so.

 

[Nomad91]

I would also look into what other options they might have before I gave my counter-offer. Could they use a .net, .io, .xyz or another extension instead? Or a .com with "go" in front of it or "inc" at the end?

It is very difficult to say. Sometimes a small company is willing to spend a lot of money on a domain, but there is no guarantee that even a billion dollar company will be willing to do so.

Their current domain is exactly that, a .com with something in front of the name like "go" + name.

 

[biggie]

for some context the .com is already in use by another company and they're not likely to sell, hence why I think they want the .co. instead.

Hi

how do you know what company is making the offer?

also, how likely is the .com owner to litigate for your .co name?

did you acquire the .co prior to the inquiring company's date of usage?

and....don't bargain just to make a headline.

imo....