domain PopularLocations.com - Offer Received

[redtophank]

My hand reg PopularLocations.com received an offer for $500 on Afternic about 5 days ago. Now 2 days left on auction, and I guess I'll take the $500.

I'm wondering if this is a fair offer, first of all.

Also, I don't know much about Counter Offers, but as far as I know, you respond with a counter offer for a slightly higher amount? Should I do this at the end of the auction or what?

Just really new to the game, you know, need some good advice.

Thanks!

 

[Porte]

1,7mil Google results for Popular Locations. Other extensions remain available, for this domain I would say accept the offer of 500-USd, as I do not know see why it would be worth more in the meantime.

This is my opinion only.

 

[Anthony Sun]

I think you should take the offer for PopularLocations.com. It is probably from an end user because I do not think a reseller will offer that much (but I could be wrong.)

Regarding the counter offer, usually add a 20% to the offerred price is still acceptable to the potential buyer. So why don't you ask for $600. However, please do not blame me for rejection.

Anthony

:gn:

 

[redtophank]

Thanks for the tips.

Should I wait until the auction ends then counter offer?

 

[aussie]

Thanks for the tips.

Should I wait until the auction ends then counter offer?

i think it all depends if you need the cash or not !!

but i would wait till the end and say counter it at $650


i like the domain and think its got good potential .

good luck .

 

[Coastalguy]

Nice hand-reg.

Congrats,
ST

 

[nicedomains]

My suggestion would be maybe to reg the net and org then offer $650 for the package... good luck with your domain, it is a nice offer

 

[sashas]

Regarding the counter offer, usually add a 20% to the offerred price is still acceptable to the potential buyer. So why don't you ask for $600. However, please do not blame me for rejection.

:gn:

I wouldn't really go by that rule. The counter offer depends largely on the value of the name, and how desperate you are to sell it. For a name that you know wouldn't get many offers, Anthony's rule is good enough. But for good names that you think would find buyers and offers, I would take a different approach. Suppose you had such a name and someone offered you $500 for it, I would counter with $2000-2500 (if I'm not desperate to sell) because I can take the risk of losing a buyer. Thats why BuyDomains prices its names so high. They know they'll get tons of buyers.

Regarding your name, $500 is a good enough ROI. Though it definitely is an end user, so you could've easily fetched upto $2000 for it (a buyer always offers his lowest; $500 is the lowest so that means the highest would be much more).

 

[.X.]

$500 is a bit low, Imo, This name has extremely nice development potential, as well as revenue potential. I would consider hanging onto this name, Unless you just need money right now.

 

[PowerUp]

this website has good potential. And I think $500 is a little low. How many visitors do you get a month? What is your parking revenue?

 

[redtophank]

Thanks for the advice!

How do I counter offer on Afternic? I just says counter offer by lowering asking price, which I did. But how do I actually counteroffer? Thanks!

 

[advaita]

50 times the price you paid sounds like a good return to me - how long have you been trying to sell it ?

 

[redtophank]

Umm, it received an offer 2 days after I put it on Afternic.

I really don't wanna let it go for $500. I understand some of you think it's only worth that much, but I disagree. It's a great name, easily remembered, encompasses so many things, and it's a very popular category.

Thanks for your advice, everyone!

 

[PowerUp]

Why don't you park it and see how much parking revenue it generates. Then it'll be easier to estimate the value of the domain. For generic type-in domains, the value of the domain is somewhere between 5 to 7 years parking revenue.

How long have you owned this domain?

Edit*
I just visited your domain, and is it parked at Sedo? How's the revenue so far? Bear in mind according to a lot of members, Sedo pays less than the other parking service.

 

[redtophank]

Yeah, I just parked it after all your tips to check traffic/revenue. It was just sitting there before...never thought about type-ins.

Anyways, I'll let you know...but only 20 hours until auction at afternic on the domain closes! Kinda confused at what I should do....wait until the auction ends then contact the buyer? I'm not even sure how to contact him...just gives me a username...

 

[redtophank]

Well, I rejected the offer of $500 and sent the buyer a message letting him know I felt it was worth more and he could bid accordingly. However, right after I sent the message and the auction closed...it wouldn't let me re-open the listing on afternic.

So now I have no way of getting in contact with him, and he has no way of bidding on my domain.

So yeah, guess I'm hanging onto this one for a while, heh. Just thought I'd let you all know.

 

[sashas]

if he wants the name bad enough, he'll contact you via email.
Just sit tight

 

[redtophank]

i hope he does. but it has been a while...and it IS listed on sedo...hmm. oh well. maybe he will.