Need Advise Thanks ... I was offered over $20K for my domain

[maurixius]

Hi all

I appreciate any advise in regards to my situation. I approached a company who has the exact domain name as mine; except with a different extension. They offered me 20K for it; knowing that I declined 1K offer less than 7 years ago. I would say they are fairly funded and open for negotiation.

So my question is if they offered 20K; what should my counter be?


Note:
I can't disclose the domain name at the moment as long as the deal is up in the air, but I will disclose it here if the buyer has no objections


Thanks,

 

[namezest]

You really need to give more info pm someone the info so they can give their views properly. That's just mho..

 

[KhaledA]

Research to known the price of similar domains sold from Dnjournal.com and Namebio.com
Then send them showing examples of higher prices,ask for more than 20k without
giving a certain price, may they offer you more than 20k .
In case they insist on their price , do not be greedy !!!

 

[campout]

@maurixius How big is the company? Do you know roughly what their annual revenue is?

 

[maurixius]

@maurixius How big is the company? Do you know roughly what their annual revenue is?

lets say the $20k they offered is a needle in a haystack

 

[deez007]

I think seeing as we don't know the finer details...

Lets look at it based on what information we do have:

Assuming you didn't pay a massive price to buy the domain initially.....

1.) Based on your current financial situation, how much value would $20k add to your life and can you afford to lose it?

2.) Right now the domain is worth $20k... lets say it's potentially worth $40k but you might have to wait another 2-3years until it sells... are you leaving money on the table? In my opinion, no.... because $20k in the bag now, if invested properly will grow to way more than $40k in 2-3years time. (if it was me I would take the deal and invest in Bitcoin - thats not investment advice, just saying what I would do)

3.) Off course, like @Silentptnr said..if the domain is a hot single word .com or a 3L .com then thats another story.

 

[Jevsim]

""lets say the $20k they offered is a needle in a haystack"" - ask at least for 50k USD unless you really need this cash now.
If they are big enough with growing business the domain name will become more valuable when they approach you in 2019. Until that stage you can generate some parking revenue and wait for the higher offer in next years.
Remember, this is just an offer and is not binding. They can easily decrease it if they see that you are so flexible. If they are serious they will offer smth bigger than 20k USD. Just my IMHO.

 

[pinkdragon]

I'll make a counter offer only if I'll be very confident I'll be able to sell the name to someone else in 3-6 months from now, for 20k+. Otherwise, I'll take the money now.

 

[karmaco]

Take the money if you need it now or risk holding it another 7 years. I think if you are set on a price that is not ridiculously high create a buy it now price that is good for 48 hours. If you are paying someone a commission I would raise it. If no commission I would take it. But that’s just me.

 

[wwwweb]

lets say the $20k they offered is a needle in a haystack

I understand your goal, but I feel like your over confidence can kill a deal.

If I do a sale with salesforce for $10k, just because they have a huge market cap doesn't mean they are going to dedicate it all to a domain name.

As many have said, only you know the dynamics of the deal, we are just guessing on the potential, but I would recommend you counter, either one of 4 scenarios plays out, they accept, they counter back, they stand firm at $20k, or they say they are no longer interested.

 

[CryptoInvestor]

Wow thats awesome, i’m interested in what this domain could be. I have lots and feel like theyre all goldmines but cant sell them lol (as do a ton of people i’m sure). I was too offered a good amount and let greed ruin it.

 

[Jasonn]

chances are you will blow it. 20k is probably them not wanting to negotiate so they offer the most they are willing right away. of course it depends on the domain but if its some random hand reg don't expect miracles.

 

[wwwweb]

Wow thats awesome, i’m interested in what this domain could be. I have lots and feel like theyre all goldmines but cant sell them lol (as do a ton of people i’m sure). I was too offered a good amount and let greed ruin it.

It's not hard to see what domains this person owns, about 40 or so that came up, I didn't see any that could have $20K potential, the one that sounded like it met the criteria was very long.

 

[AuctionBio]

Hi all

I appreciate any advise in regards to my situation. I approached a company who has the exact domain name as mine; except with a different extension. They offered me 20K for it; knowing that I declined 1K offer less than 7 years ago. I would say they are fairly funded and open for negotiation.

So my question is if they offered 20K; what should my counter be?


Note:
I can't disclose the domain name at the moment as long as the deal is up in the air, but I will disclose it here if the buyer has no objections


Thanks,

take it immediately,
because the way you asking I am sure it is not a known dictionary word and also not a LLLL and even not a two word ultra premium

 

[maurixius]

It's not hard to see what domains this person owns, about 40 or so that came up, I didn't see any that could have $20K potential, the one that sounded like it met the criteria was very long.

We got a little more than just 40 domains. Should be closer to 350 but under a few different accounts. we did cut them down from 1,500+

 

[maurixius]

We got a little more than just 40 domains. Should be closer to 350 but under a few different accounts. we did cut them down from 1,500+

* just bought a few more today on the auction. Got outbid for 2 of them

 

[creataweb]

It's def. not one of those on that list of 40 methinks

 

[.NJ]

Once again another in the dark thread about a "so called" offer.

Something smells as usual.

Another day in the land of domains....

 

[BaileyUK]

Once again another in the dark thread about a "so called" offer.
Something smells as usual.
Another day in the land of domains....

yep, something is not sounding/reading right. doesn't necessarily mean it's Wrong, just some of the posts seem way-off the norm.
20k offer - I can understand an accept that - certainly been there myself.

We got a little more than just 40 domains. Should be closer to 350 but under a few different accounts. we did cut them down from 1,500+

"Have Got 40 should be 350 cut from 1,500 ???"

Do you mean sold 10- 20--30% of the 1,500.

"trimmed to 40 domains" ???

always try to give a long standing member the benefit of the doubt over just key-in mistakes, or in just firing-away on a post. but, number reporting is key to credibility (when and if it's posted)
maybe just some clarification is required

 

[wwwweb]

yep, something is not sounding/reading right. doesn't necessarily mean it's Wrong, just some of the posts seem way-off the norm.
20k offer - I can understand an accept that - certainly been there myself.



"Have Got 40 should be 350 cut from 1,500 ???"

Do you mean sold 10- 20--30% of the 1,500.

"trimmed to 40 domains" ???

always try to give a long standing member the benefit of the doubt over just key-in mistakes, or in just firing-away on a post. but, number reporting is key to credibility (when and if it's posted)
maybe just some clarification is required

He says he has about 350 now, he might be using different emails which would have different sets attached, the batch of 40 I saw, didn't have any $20k hmm have to think about it type domains. Maybe ask M Berkens or M Mann they always seem to get $30-$40k for these domains most would sell for $2500.

 

[BaileyUK]

no problem wwwweb, on an International board you have to allow for all sorts of language interpretations and indeed reporting.

So I guess your 'Surmising'
has 350 domains cut down from 1500, which is a perfectly reasonable explanation.

And lets add, even at 40 x 2.5k, reads as someone who knows what they're upto

 

[xynames]

Anyway just hope he’ll keep us posted on what happens after engaging our time.

 

[Asfas1000]

If phone isn't your thing or somehow not an option, still - engaging them properly via email, works.

Engaging via email is mission impossible. You usually come across as just nosy.

 

[xynames]

<<Engaging via email is mission impossible.>>

Nowadays, people converse with email as if they were talking to each other in the same room, so I'd definitely say that that is not my experience. Engagement is engagement. And it's good, whether the ring is 3 carats or just 1.

 

[EZPZYO]

Hi all

I appreciate any advise in regards to my situation. I approached a company who has the exact domain name as mine; except with a different extension. They offered me 20K for it; knowing that I declined 1K offer less than 7 years ago. I would say they are fairly funded and open for negotiation.

So my question is if they offered 20K; what should my counter be?


Note:
I can't disclose the domain name at the moment as long as the deal is up in the air, but I will disclose it here if the buyer has no objections


Thanks,

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[lock]

You need to close the sale now. The 20k will be spent perhaps not on your domain.