discuss My first $1,000,000 offer to purchase

[MapleDots]

I am about to make my first One Million dollar offer to purchase and I want this to go a smooth as possible.

I have asked the advice of a couple of my peers on how to best proceed with this but I thought I would also put it out to some of the members on namepros.

My usual way of doing business when I go after a domain is to attach a time frame to the offer to purchase, but to be quite honest this one is kind of in a league of its own and I have to be careful how to pursue this.

My plan is to offer 500k down and 500k when the deal closes.


What do you guys think?


1. Make an offer with no strings attached

or

2. Set a time limit to add an urgency to the sale

 

[Chris Hydrick]

Try offering 500,000 dollars up front.

With 1,000,000 dollhairs after the deal is completed.

Jokes aside, I think everybody is silently wondering if you're going after a .COM, .CA, or dare I say .HORSE?

 

[meslam479]

Great response @.X. but my only concern is that my offer will be used as ammunition to solicit a higher offers from other parties. That is why I am thinking of putting a 48 hour time limit on the offer so that it cannot be advertised on multiple other channels as having a million dollar offer.

Is this offer for Canada----com

you need to learn as much information as you can about the owner of the domain - make the offer with no strings attached if you are dealing directly with the owner

if you deal with a broker then set a time limit to prevent your concern

 

[MapleDots]

I'm just saying there is a huge difference between paying $35 million for just the domain name and paying $35 million for the entire Insurance.com business + TMs + customers, etc.

Lets take that down to the level of where I am at.

Have no doubt a million is a lot to pay for a domain but then again not really, not if you have a plan to put the domain in use.

So if I open a brick and mortar business and stick one million into renovations I can depreciate that amount over 5 years. So basically my tax base goes down.

If my business is internet based I will look at my domain, developing, hosting costs etc to offset my taxable base.

I currently run a number of online stores and my largest one does 1.5 million annually but that took a number of years to happen. With the right domain name I am hoping to have similar success but 10 fold.

Now in perspective.... a million is not that much to pay even if it is just a domain. That is as long as I can be confident that I could get the additional traffic thereof.

 

[DomainRecap]

Definitely a .TOP.

 

[HFT]

Lets take that down to the level of where I am at.

Have no doubt a million is a lot to pay for a domain but then again not really, not if you have a plan to put the domain in use.

So if I open a brick and mortar business and stick one million into renovations I can depreciate that amount over 5 years. So basically my tax base goes down.

If my business is internet based I will look at my domain, developing, hosting costs etc to offset my taxable base.

I currently run a number of online stores and my largest one does 1.5 million annually but that took a number of years to happen. With the right domain name I am hoping to have similar success but 10 fold.

Now in perspective.... a million is not that much to pay even if it is just a domain. That is as long as I can be confident that I could get the additional traffic thereof.

It's in your best interest to me more calculative and taking smaller risk over a period of time rather than one big purchase, just like stocks, bring your average cost down. Also think from a long term perspective factoring in your liquid cash and the larger economic outlook. Better to buy domains for 25-50k with great names and maybe flip some of those and develop some, gives you more breathing room, please let the rush pass and think for a week or more. I sure time will help you make a great decision.

 

[HFT]

Lets take that down to the level of where I am at.

Have no doubt a million is a lot to pay for a domain but then again not really, not if you have a plan to put the domain in use.

So if I open a brick and mortar business and stick one million into renovations I can depreciate that amount over 5 years. So basically my tax base goes down.

If my business is internet based I will look at my domain, developing, hosting costs etc to offset my taxable base.

I currently run a number of online stores and my largest one does 1.5 million annually but that took a number of years to happen. With the right domain name I am hoping to have similar success but 10 fold.

Now in perspective.... a million is not that much to pay even if it is just a domain. That is as long as I can be confident that I could get the additional traffic thereof.

Heck I am offering to sell my US hedge fund for $50k. Actual hedge fund with accounts and stuff. So relatively speaking, paying $1mm. for a domain is like a fortune.

 

[MapleDots]

It's in your best interest to me more calculative and taking smaller risk over a period of time rather than one big purchase, just like stocks, bring your average cost down. Also think from a long term perspective factoring in your liquid cash and the larger economic outlook. Better to buy domains for 25-50k with great names and maybe flip some of those and develop some, gives you more breathing room, please let the rush pass and think for a week or more. I sure time will help you make a great decision.

Great advice @HFT but I have a business plan for this domain and the acquisition price is factored into that plan.

 

[.X.]

Great response @.X. but my only concern is that my offer will be used as ammunition to solicit a higher offers from other parties. That is why I am thinking of putting a 48 hour time limit on the offer so that it cannot be advertised on multiple other channels as having a million dollar offer.

I think 48 hours is very fair, that is a lot of time, and I agree, it lessens the possibility of the seller shopping the domain.

Best of luck to ya Maple

 

[MapleDots]

Jokes aside, I think everybody is silently wondering if you're going after a .COM, .CA, or dare I say .HORSE?

Would that make it the highest price so far for a .ca?

 

[alcy]

this is great offer price for many names
but I disagree with op that its great offer for ANY name

either way all the luck to buyer... I hope works out fine.

I would set time limit ... otherwise there may be so many sleepless nites that it begins to affect the heart and health



gl

 

[HFT]

Great advice @HFT but I have a business plan for this domain and the acquisition price is factored into that plan.

In poker, all the games you don't play, you win, the best players fold a lot more than they play.
This too has a certain risk associated with probabilities. Please consider it more seriously and look at alternatives. Honestly I have seen a lot, big wins and losses. I am from the high stakes finance world. My advice is well informed.

 

[WingMan]

Make an offer with a time frame to add some urgency to it.

Although I don't know what domain name it is, have you considered offering a lesser amount for a start? Would you be able to go above $1 million should the owner counter?

All the best

 

[MapleDots]

I understood I would get comments similar to yours when I made the post but an offer of that size is relevant on most domains.

this is great offer price for many names
but I disagree with op that its great offer for ANY name

There is a big difference in both these statements

 

[alcy]

There is a big difference in both these statements

my statement was in reference to this one though:

"I don't think I am that far out with the seller, and a million offer is a great offer for any domain. "

 

[MapleDots]

my statement was in reference to this one though:

"I don't think I am that far out with the seller, and a million offer is a great offer for any domain. "

HeHe

tou·ché

 

[indiegrind]

If it is for your business, and you believe that this domain will be transformative to your business and critical to your success. Don't play games or be cute with offers and turn off a unmotivated seller.

Get the seller on the phone, build a repoire. Let them know you're serious and would appreciate any consideration. Try to get a number from them if they haven't already shot you a price.

Don't rub them the wrong way by putting some arbitrary time limit on your offer to rush them. This is a big domain obviously. Offer expires, then suddenly you are in a position of weakness and have to either show your bluff and come higher or move on.

If he isn't at your price yet. Talk him there. Build a relationship and make him want to make the deal.

 

[Mister Funsky]

Time limit always when buying large.

 

[kemjika11]

. Better to buy 40 $25k domains.
You most probably will get many times the value out of lower priced but multiple domains.

Better he buy those LLL.coms selling for $13k-$20k. If not those then bottom feed for cheapest NNN.coms.

 

[.X.]

Keeping things in their proper perspective, MapleDots is planning to construct a business with this domain, so the costing a million dollars when I am sure Maple has a business plan for the name to far exceed a million dollars.

When you get into the million dollar range in domain names, which is very uncommon in general, that being a domain name without a developed business model being purchased with the name. These domains actually become very negotiable as I have seen in years past. we don't have a NADA or Kelly bluebook for domain names, So at a million dollar offer, It becomes the buyer's appreciation for the name. The seller may feel the name is worth more, But the buyer is offering a premium amount of money. In years past, this has come back to haunt many sellers that turn down very large offers.

 

[~ The 34 Year Buzz!!]

...please let the rush pass and think for a week or more. I sure time will help you make a great decision.

FYI: Here are the 25 most expensive domain names publicly reported.

1. CarInsurance.com — $49.7 million
2. Insurance.com — $35.6 million
3. VacationRentals.com — $35 million
4. PrivateJet.com — $30.18 million
5. Internet.com — $18 million
6. 360.com — $17 million
7. Insure.com — $16 million
8. Fund.com — £9.99 million
9. Sex.com — $14 million*
10. Sex.com — $13 million
11. Hotels.com — $11 million
12. Porn.com — $9.5 million
13. Shoes.com — $9 million
14. Porno.com — $8.8 million
15. Fb.com — $8.5 million
16. We.com — $8 million
17. Business.com — $7.5 million
18. Diamond.com — $7.5 million
19. Beer.com — $7 million
20. Z.com — $6.8 million
21. iCloud.com — $6 million
22. Israel.com — $5.8 million
23. Casino.com — $5.5 million
24. Slots.com — $5.5 million
25. Toys.com — $5.1 million

Please note that we’ve added five domain names to the list since we originally published this post in 2017.
* The sex.com domain name sold twice — Once in 2005 for $14 million and again in 2010 for $13 million.
https://www.godaddy.com/garage/the-top-20-most-expensive-domain-names/

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@ "Ca.Dots"

You have a "business plan" for the domain, can it be started on a (for example) $200 domain to test the business plan?
What could be so great about this domain that it is worth 7 figures?​

 

[domain hacks]

Sorry, but you sound like an insecure teenager in this thread,asking for advice with poll included. Yes I know this is a forum, but to reach $1,000,000 offers you need to be a serious business owner who knows what he/she is doing....this way people, that do not know you, will start asking themselves if your story is a real deal or just some kind of self-promotion..

 

[MapleDots]

Sorry, but you sound like an insecure teenager

Maybe I am an insecure teenager

But I am secure enough to make a million dollar offer

 

[MapleDots]

Listen here guys, I appreciate all the conversation and advice but really my only question is...

Make an offer with or without a time limit.

I'm leaning toward the time limit myself and am thinking 48 hours

 

[domain hacks]

Maybe I am an insecure teenager

But I am secure enough to make a million dollar offer

I am sure you are, but why stop at 1 mil, your next offer should be 10 mil, and be sure to ask forum what to do.

 

[MapleDots]

I am sure you are, but why stop at 1 mil, your next offer should be 10 mil, and be sure to ask forum what to do.

I'll post about that for sure if I ever get to that level