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

 

[deez007]

I think you need to take the company size and potetnial revenue they are generating into consideration..

I mean if it's a 1 man photographic studio and he turns over $5000pm with $2000 being net proffit...then $4500 is going to be a problem......if they are a large company turning over 6 or 7 figures then sure.. $4500 is more than reasonable.

 

[MapleDots]

How big is the company?
Small $500
Medium $5,000
Big $50,000.

That's what I was going to say except 50k was going to be 25k for a quick turnover.

 

[MapleDots]

Really I don't know

You need to find out who you are dealing with, don't be afraid to ask questions, information is your friend. They want the domain so you need to qualify them.

 

[johname]

Are you past the clawback window?

photography business pretty much answers the small medium big question. For $4500 can get a lot of business cards printed, website made etc.

The large amount might make them give their best counter offer upfront.

 

[frank-germany]

1) they tell the truth

my first thought was $488 USD

so we are not far off
just factor 10
let s negotiate

-- assuming you got the domain for reg fee

2) they lie

then you are perfectly reasonable
with $4500 USD

if its a medium or small business - add a zero for a large company

-

check http://www.screenshots.com/ and archive org
to verify
if they tell the truth

and yes check that email
if they really receive emails


how about renting if $4500 is to much?
"if its not worth $200 USD / month why do you bother me?"

 

[jideofor]

An impossible question to answer without knowing the domain.

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

 

[jideofor]

LOL $4500 not going to be reasonable to them. Reasonable going to be low xxx (even without knowing the domain) Good luck

best advice here.

 

[johnn]

You need to google and find out.

Pm me if you need my help.

 

[jideofor]

It is not possible at all to post the domain name now.

You do not need to post the domain name.

There are certain factors to consider... does the domain name have other potential end users? Is it a brandable or generic keyword rich? what is the size of their company

If they appear to be the only one and with a small size, I am afraid you may not get your asking price. Just treat them the way you would love to be treated if you were in their shoes.

 

[urlurl]

i would say you liked the name and was planning on using it yourself (so you don't look like you are holding the name hostage) and say you may consider selling it if you find an alternative name (that just so happens to cost $4500)

 

[maksimfa]

If the domain is brandable and they already use it, do you have the time or money to find UDRP claim? Not talking about winning, just if you want to invest money into it.

Anything more than $1,500 and it would be worth it for them to fight it.

Photography business? Ie wedding photography and such? If one or two employees as others have mentioned, it would be a tad costly for them.

$1,000 to $1,500 would be a good number that should be manageable for them and obviously you are making a killing on it.

Then the other philosophical questions, did you buy it strictly because you liked the name or.... saw that it was being used before and were hoping for a situation like this? In that case, what do you value the Karma of screwing over a small business. =)

If it is a large corporation/photography business, I can totally understand a $4,500 target

A bird in the hand is better than 2 in the bush.

 

[Haykay2005]

If the domain is brandable and they already use it, do you have the time or money to find UDRP claim? Not talking about winning, just if you want to invest money into it.

Anything more than $1,500 and it would be worth it for them to fight it.

Photography business? Ie wedding photography and such? If one or two employees as others have mentioned, it would be a tad costly for them.

$1,000 to $1,500 would be a good number that should be manageable for them and obviously you are making a killing on it.

Then the other philosophical questions, did you buy it strictly because you liked the name or.... saw that it was being used before and were hoping for a situation like this? In that case, what do you value the Karma of screwing over a small business. =)

If it is a large corporation/photography business, I can totally understand a $4,500 target

A bird in the hand is better than 2 in the bush.

A good advice you have here bro

 

[hookbox]

$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.

 

[usernamex]

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

Hmm so jamaltq had to have purchased this domain in GD Auction/Closeout, is that correct?
Which means that this company DID NOT notice they were missing their web site or emails for around 45 days. That does not sound like a big company to me.

They can react to the $4500 in a few ways:
1] Yes $4500 sold
2] counter lower
3] no way and the sticker shock now that you insulted us we are filing UDRP
4] not interested we'll rebrand

Odds are jamaltq made the right move, let them counter and they will tell you their story, since you have not shared any research history with us yet.

Update as you can : smile :

 

[Sam1234]

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.

 

[iAchilles]

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

I don't? But in this case we got absolutely no information in the original post.

Sure we can vaguely discuss the value of the domain with some info on the niche, the business itself and so forth but as many have mentioned there's also the UDRP factor to consider.

If the OP is asking the question on a moral level, this has been discussed at length many times before and each domain investor will likely have differing views of what they consider reasonable.

 

[maksimfa]

Here is the other idea...

Offer to sell it back to them for $100, on the condition that they send out a newsletter to all of their friends and clients advertising you as a domain name acquisition expert. =) You still make money, you do a good deed for them and are likely to get more business out of it in the future. And you also earn a TON of Karma from the business gods.

You never know, you may be in the same position in the future.

I worked with a few businesses and I promise you, most of them used someone else to register their domain and are clueless as to expiration date.

Use it as an opportunity to offer hosting and other services.

 

[jamaltq]

Thank you guys for all responds.
Here is some info's which may help:
- The company is LLC (Limited Liability Company)
- The domain ending with Studios.

 

[omelet]

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

 

[omelet]

seriously I think the best price should be $500 ~ $2000.