Need pricing advice! Selling high-value domain today

[Retroman]

Hey guys. I'm fairly new to the business of selling domain names. I've sold one before for $300, but I have a real exciting prospect today. I bought a domain that is a sequel to a fairly popular label, and today I received an e-mail from the company stating their interest in purchasing it from me. The website will be used to market and give updates on their new sequel. They will be calling me today. :talk:

How much should I ask? I'm thinking I can easily get a few thousand. Right now I'm set on asking for 9k or 10k as my asking price, but I want to make atleast 5k. Can I get more than 10k or is my head in the clouds? I'm not sure what a good price is for these situations.

I need quick advice on pricing! Make me rich! :tu:
Thanks!

 

[mosilager]

Well without the name of the domain, it's hard to help ya!.

But it all depends on who your end-user is, are they are company with lot's of employee's and revenue, then you can ask for your $10K, if not, than you'll out price them.

I would start off at $12K and negotiate it down to minimum $7K, that way, you still make your desired profit and they also feel that they got a great "discount"!.:imho:

 

[Retroman]

Bad news. I think they're screwing me.

The rep called and said "You got us, you got the website before we did, we should have been more proactive... oh well, good job. What we USUALLY do in these situations is pay a $500 compensation fee."

I thought, compensation fee? I have virtual real estate that they want to purchase; I don't consider that compensation. I consider it a business transaction. I mean, am I right?

So I rebuked the guy, told him I won't sell for less than $1000. He said he didn't have the authorization to say Yes, and told me to wait 24 hours while he supposedly tries to get permission.

Are they screwing me? It's the website for a sequel to a fairly popular video game. It's not massively popular, nor is the company very big, but I feel it's worth a few thousand. I guess I can settle for 1k though.

Have I been bamboozled?

 

[bmugford]

No offense, but if you bought a domain based on a popular video game with the intent of selling the domain to the TM holder then you are lucky to even get $1000 instead of a WIPO.

Brad

 

[Kate]

What is the name and why did you register it ?
Looks like a potential trademark infringement to me, in that case you are entitled to $0.

 

[Retroman]

No offense, but if you bought a domain based on a popular video game with the intent of selling the domain to the TM holder then you are lucky to even get $1000 instead of a WIPO.

Brad

Please, like it's that uncommon of a practice. I see it done all the time.

And like I said, I'm new to this business, I don'e even know what a WIPO is. Though I'm assuming it's something to do with legalities and them taking me to court. Which would probably cost more than $1000.

 

[JoshuaPz]

Please, like it's that uncommon of a practice. I see it done all the time.

And like I said, I'm new to this business, I don'e even know what a WIPO is. Though I'm assuming it's something to do with legalities and them taking me to court. Which would probably cost more than $1000.

Capitalizing on another individual's or group's intellectual property is immoral (this should be common sense), and if it's a fairly well-known individual or group, illegal. These sorts of practices have given domainers a terrible rap throughout the years. Don't help perpetuate them.

Some references:
* Uniform Domain Name Dispute Resolution Policy - Wikipedia, the free encyclopedia (UDRP/WIPO)
* Anticybersquatting Consumer Protection Act - Wikipedia, the free encyclopedia

It's fairly easy to make big money investing in domains without infringing on third-party rights, so what's the logic in cybersquatting? Start with the tools and templates listed in my signature to build some quick initial capital. Then, read about recent sales on DnJournal.com and become familiar with the Estibot.com appraisal tools plus DomainSuperstar.com keyword research tools. If you still find yourself having difficulty selling to end-users after that, come back to me and I'll broker a domain or two for you -- no charge.

 

[Retroman]

Cool, thanks for the tips.

 

[copper]

sequel to a fairly popular label

By looking at this, you are infringing on TM.
Also, you mentioned their legal fee will cost more than $1K?
Sure. UDRP filing fee alone will cost them $1.5K plus legal fees.

But...
Did you ever heard thing called "Bad Karma"?
How much did it cost you to get this domain?

Be nice.
Call them.
Let them know they can have it for $500
IMHO, they are being generous even at $500

Many people don't realize this, but, there is chance that you can lose more than just domain
name if TM holder decide to make a example out of you. I think up to $100,000 per domain?

 

[Retroman]

Did you ever heard thing called "Bad Karma"?

I actually have very high morals. Just not when it comes to large corporations vs. me feeding my family. Sorry if you don't feel the same.

Be nice.
Call them.
Let them know they can have it for $500
IMHO, they are being generous even at $500

Sold it for more already.

Many people don't realize this, but, there is chance that you can lose more than just domain
name if TM holder decide to make a example out of you. I think up to $100,000 per domain?

Well I'll make sure to be careful.

 

[copper]

I actually have very high morals. Just not when it comes to large corporations vs. me feeding my family. Sorry if you don't feel the same.
Retroman, you don't need to be defensive
I don't judge people. Who am I to judge anyone, right?

Sold it for more already.
Nice.

Well I'll make sure to be careful.
If you want to be sure, you can have buyer sign "domain sales agreement" which
include term that specifically mention "buyer won't come after you at later time".

Yeah, it's bit paranoid, but, some do come back and bite you

 

[Retroman]

If you want to be sure, you can have buyer sign "domain sales agreement" which
include term that specifically mention "buyer won't come after you at later time".

Yeah, it's bit paranoid, but, some do come back and bite you

Good call, I never considered that.

Yes, I'd like to sell legit domains, but I know next to nothing about the business. It just seems to me that every possibly good domain name has been bought up years ago and there's nothing left. Of course this can't be true since you guys are making money somehow... :p
I have a lot of reading up to do.

 

[the_poet]

I actually have very high morals. Just not when it comes to large corporations vs. me feeding my family. Sorry if you don't feel the same.

But a company decides to sue someone because that person is infringing the law, regardless of their low/high morals. Anyway welcome to the world of domaining

 

[dna]

Can you give us more information now that the domain has been sold?
Such as what the domain name was and who you sold it to and for how much.
I have bought and owned plenty of trademarked names and I assure you
that it's not immoral and no one has ever even objected.
And there is no such thing as Karma.