question Is my asking price reasonable?

[jamaltq]

Hello guys
I have received the following email regarding one of my domain names:

( My name is ---------------- and I am the owner of the company -------------------- . We recently had an issue with our emails from Go Daddy where we did not receive any of their notifications that our domain name was about to expire until it was already too late.
We see that you recently purchased the domain name --------------------. Since our company emails and information is already set up with that domain we would really like to continue to use it instead of having to start over entirely with a new address. I am willing to purchase for a reasonable price the domain. We would like to discuss getting our domain back, as our entire business is tied to it. Your consideration is most appreciated.
Thank you for your time.
Sincerely,)

So, I have asked $4,500 for it.
Do you think guys it is a reasonable price?
Thanks

 

[Sam1234]

Seriously we could be talking about Universal Studios, in which case you would charge about a million. I'm guessing that's your domain? I'm saying a million. Congrats on picking up UniversalStudios.com and becoming a millionaire! What, that's not it? Gee, I guess we don't have enough information then.

 

[Grego85]

My question is, how good is the domain?

If you found it on Godaddy auctions you probably went over how much you thought it was worth in your head before you snagged it. Why not just ask for that price? Don't worry about who is buying it, worry about what you think the domain is worth and ask for that.

 

[DNWon]

Does the business have a trademark on their name?

 

[jamaltq]

Does the business have a trademark on their name?

No.
I have found many companies in Google under the same name.

 

[baseballworld]

Domains only worth what someone is willing to pay for it. First person that has to think it's worth the price is you. If you don't then the sale gets psychologically harder from that point on and you will need some negotiation skills to settle at the final price.

 

[maksimfa]

My question is, how good is the domain?

If you found it on Godaddy auctions you probably went over how much you thought it was worth in your head before you snagged it. Why not just ask for that price? Don't worry about who is buying it, worry about what you think the domain is worth and ask for that.

but you do know that it is a realtively BS answer. Here is why.

The domain is at least two words, catered towards photography business.

This is NOT a domain with a commoditized market such as a single word.com, or a 3L.com or a 4L.com

The "wholesale" value for this domain is no more than $10.

The retail value is whatever the user is willing to pay for it. It is not "real estate". It is digital bytes.

UniversalStudios would be worth millions to Universal Studios and they can pay it....

But Joe Smoe Plumbing may only be worth $50 to Joe Smoe.

But, at the end of the day, the domain WAS used by a business, a registered LLC and making a case that name jacked the domain would be fairly easy to make under UDRP claim. Yes, he may win it, but it would cost him more money to defend the case.

That is why the retail value of this domain really is not more than $1,500, and ideally the OP should get rid of the domain as quickly as possible, before the end user gets legal involved... (especially if emails are now going to OP that were intended for end user).

If it was a generic domain, different story.

In this case, OP.... do the company a favor, and YOURself (goodwill) by having emails forwarded to the company.... while you negotiate a price.

 

[jamaltq]

Yes, it is a generic domain.

 

[Want2learn]

Would a multi million dollar biz drop the ball like this? Is it possible? Yes! Is it probable? No!
How long have they been in business? If their story is true, and you can verify, does that sway you in any way? Just a question, not a judgment! Everyone else seems to have covered other important points!

 

[BrandSac]

just type site:yourdomain.com in google and share the number of results found, check archive.org to see how it was there website and there niche.

 

[DomainVP]

I disagree here... why do you all always want to know the domain name when things like this arises?

Agreed. One can give general advice that applies to basic situations like this.

I don't know the domain, and I don't need to.

Whatever price you ask is fair. They messed up, and as long as you can demonstrate fair use you can ask whatever you want.

"Whoops, I'm an idiot who lost their 'important' domain," is not a defense that the WIPO accepts.

$4500 is VERY generous. They should take it and be thankful it wasn't me. If they sent me a weak eMail like that I would have been extremely generous at $20k.

Think that's a lot? I've read experiences from domainers doing the same thing for $80k. A business partner wanted the domain of the closed business, which he could not get from his partner. Partner let it drop, domainer scooped it up. Something like that...

 

[Moosan]

You asking price is more then Reasonable. I would ask for more Received similar email for one of domain i snatched from Expired domains.

 

[frank-germany]

$4,500 is a hard hit for any small company. Remember this isn't someone seeking out a domain for their business. They are trying to get back a name they lost, and would still have, for only 10 bucks a year. You may lose an easy sale by asking to much for it.

you can't lose this sale

 

[frank-germany]

If I were you I would just post the domain here. Then people can tell you what they think its worth, and everyone will be in a better position to advise you on the matter. Quoting a price that is way too high could just push this buyer into finding a new domain name, and once they have made up their mind on that they may not care if you drop the price to 1500. Really nobody here can advise you well without knowing the details. We need to know something about the company to determine what they could reasonably pay, and based on that and the quality of the domain name (a factor that your buyer will be seriously thinking about when they see your offer of $4,500) the community here might be able to give you some specific advice.

you are new ? right.

https://www.google.com/search?q=Is+my+asking+price+reasonable

 

[frank-germany]

there was a church back in 2016 contacted me told me I registered their expired domain. After knowing who they were, I decided to give the name for free

I would have charge 10% of their yearly donation fund

 

[frank-germany]

Would a multi million dollar biz drop the ball like this? Is it possible? Yes! Is it probable? No!
How long have they been in business? If their story is true, and you can verify, does that sway you in any way? Just a question, not a judgment! Everyone else seems to have covered other important points!

it happens

didn't ebay and google loose their domain and sedo ??

 

[jamaltq]

Many thanks guys for all opinions.
After doing some research, I have found that their business based on properties field (Apartments and Studios)

 

[maksimfa]

Many thanks guys for all opinions.
After doing some research, I have found that their business based on properties field (Apartments and Studios)

How do you confuse Photography and Real EState? Or do they do real estate photography?

In my professional career I deal with private real estate funds.

If they are in real estate, you are now in a different ball game than a typical photography studio.

Pm me the details and can look them up.

Depending on the size of the company and their assets, it may be worth more than $4,500. =)

 

[Mister Funsky]

I have found that their business based on properties field

Like maksimfa said, the pockets got quite a bit deeper that a photog might have...the trick is to find out how many properties they manage...may need a 10K asking price.

 

[lock]

I will give you an offer right now to scare em.

 

[CharlieTango]

A little research says the domain is woxxxxxxxxxxxxxx.com