domain Price of Cartit.com

[aarh33]

Hi guys, i was recently emailed and asked if i would like to sell this domain and what my asking price for it would be for.

cartit.com

i was wondering should i,

a) ask what they are prepared to offer first or
b) propose an asking price, which i have know idea (but im assuming something above $1000)

please give me you thoughts on the value and what i should do

thanks

 

[Bannen]

First, make sure it's a legitimate buyer making the offer; you're a newer member here (though you've obviously been domaining for awhile, judging by your names) and newer members at the various domain forums often get scammed via an 'appraisal scam' (type that term into the search bar at top, read those threads to see what kind of emails the scammers send). Or if you post the general email contents (you can leave out buyer's details, etc) in this thread, members here can tell you right away if it's the scammer/s.

If you can tell it's a genuine buyer, then since you don't have a clear idea of value, ask them to please make you their best offer. Hint:
this is a great brandable name. When you look at the domain, of course it reads like a car with sexy upper anatomy... but is meant to be Cart-it. Carts of various kinds, more specifically carts for hauling things, are HUGE business, and cart-it is a fantastic brand name for any carting company. If I had this name I wouldn't even consider offers less than 2K, and probably closer to 5K. Carts/carting is a huge money industry and you'll find a good buyer for this one eventually. It's even worth contacting a dozen or two end users to tell them the name's for sale.

 

[stewystarr]

I really don't know much about appraising domains but this one has been registered for a real long time and belonged to an online shopping cart company(which still exists). So I agree with Bannen.

 

[hrethel]

Just be forewarned that there is a recent TM on the term "Cart-It" for cart rentals. They claim first use in 2007, which means that because it was registered before then(*), you might be able to get away with it. Keep an open eye, though, in case they're setting you up for a UDRP complaint. Stranger cases have been won in the past.

(*) Please note that I'm not a lawyer, and I have no way to guarantee that you are safe with regards to this TM. This is not legal advice, and should not be used as a basis for deciding what to do.

 

[leegor]

I envy your position. Hope it's real.

You could respond in a way that sets the platform for negotiations without being too specific: "Thank-you for your interest...and I will await your offer $xx,xxx.".


Please keep us posted

 

[aarh33]

Hey Bannen,

I was emailed by the person directly, im assuming he did a whois on my domain to contact me


it had the subject: Domain for sale?
and was mailed-by: gmail.com

This is what he wrote

"Hi,

You ("my name was here") are listed as registrant for the domain CarTit.com. Would you like to sell it? If so, what is your asking price?

Best regards,"

does that seem like spam? anyway i responded with

"im prepared to sell it depending what is your interest in the domain
and what you are willing to offer for it, please put your best offer
for consideration"

see how i go.

also im considering putting the domain up for sale in this forum, probably put it under the "Make an Offer" section

thanks guys

 

[leegor]

it's odd how the buyer emphasized Car Tit.com. Perhaps an exercise to depreciate your domain.

 

[Bannen]

"Hi,

You ("my name was here") are listed as registrant for the domain CarTit.com. Would you like to sell it? If so, what is your asking price?

Best regards,"

does that seem like spam?

No, that doesn't seem like scam/spam. Unless they ask you to get the name appraised for value.

Looks like the standard, short, to-the-point email of a domainer looking for a deal, or a domainer acting as agent on behalf of an end user who wants the name. They're not giving you any info about who they are or what they want the name for. If it's a domainer looking for a deal they either won't reply back to you or they'll give a lowball offer.
If it's an interested party, like an end user or their agent, then you'll get an offer and can start from there. Like the above poster mentioned, I am a little concerned that the email said CarTit instead of CartIt... that shows either someone wants it for an adult site (which means they'll hardly pay any xx for it), or that they're not that competent (typed it in wrong), or that they're trying to devalue the name by making you think they want it for its adult value rather than the cart-related value. Let us know how it goes, I'm curious about the follow-ups.

 

[aarh33]

Hi Guys

ive heard back from him, and this is what he responded with;

"Hi there,

Sorry for the delay in reply. I was traveling and had limited access this past week. I can offer US $470 total for cartit.com- this type of sale is new to me, if you would like to accept my offer, please tell me how you would like to complete it. I go back out on the road again on Thursday (tomorrow) for ten days and will return on the 19th of October. You have my mobile number if you would like to discuss the details."

i have absolutely have no idea what im dealing with...

Bannen, that is nowhere near the 2k you proposed. i would most likely give him a counter offer but with some good reasons on why i think its worth that much.

thoughts?

 

[hrethel]

That email screams (at least to me) that the person has a good amount of experience buying domains, but just doesn't want to show his hand too much. Anyone who says "this type of sale is new to me" is trying to hide that it's not...it's just basic human psychology to mention something like that at this point in negotiations. If it were me, I probably wouldn't lower it to $470. I'd still try for something at least mid-$xxxx.

 

[Bannen]

It isn't really important how much a single buyer wants to pay/can afford; what matters is how much you think you can eventually get for the name. Someone might only be able to afford 2K for jet.com but that doesn't mean you sell it for that amount because it's worth more and there are many end users.
If you know how to approach end users, and there are a lot of end users for a particular name (like there are for yours), you hold out for close to what you think it's worth; if you need the cash now and don't know how to go about approaching end users, you either employ an agent to sell the name on your behalf (for a small commission of the sale), or you LEARN how to approach/sell end users on the name... or you take the money and run.

That's not a bad offer for the name, so it's not like you're being totally gypped. But it's worth more, if you can afford the time to wait and try sell it down the road. If I were totally strapped for cash I'd personally take 1K for it; if I weren't, I'd hold out for at least 2K or more minimum.

I agree with Hrethel, sounds like a domainer trying to lowball you for the name. I'd go something like 'that's a good offer and thank you, but I wouldn't consider selling this name for anywhere under 1,000 bare minimum. And even then, I'd probably put in on 7-day auction, rather than accepting 1K as a BIN price'.
But, that's just me

 

[koelkast]

Ive been contacted by several scammers and this is obviously a real buyer who is trying to hide something. First contact several end-users if possible and put it on Sedo (has Escrow) for example with a minimum price of 2K or whatever you had in mind , if he wants to buy it he needs to register. So you are sure of "a real buyer" and you can put it up to auction if he is willing to pay your minimum offer.

Good luck

 

[silveraden]

It seems a legit offer.. I received almost the same email before and I sold that domain for $560.. make sure you are dealing with the right person..

 

[aarh33]

ive seen that some you have mentioned to contact some "end-users".
what does that mean, which end users?

thanks

 

[Bannen]

Just like it sounds: an 'end' user means you have found a person/organization who will probably keep the domain long term or forever, for their own use. We are traders/resellers etc., but if you find a company with the name cartit, or a big product cartit, and they buy your name, they will probably be the final owners - end users rather than domain traders - of your name. Best method to find end users is to go on google and type in cart it, or carting, or carts, see what companies come up in the results, and any that look large/legitimate send them a short concise email telling of your domain name for sale.
I won't go into detail about that process here, there are many great threads on Namepros about finding end users.

 

[aarh33]

Hi everyone,

just to update everyone, this is what he wrote

"Thanks for the reply- I can offer $600 for the domain- that's the limit of my budget. Today is Oct 20. 2009- the offer is valid until Oct 25, after that I'll just use the alternate name which I already have registered. Thanks for the reply and good luck."

i think im gonna do what some of you suggested and most likely get more for it.

thanks everyone for your help

 

[freedom30]

cartit.com

Maybe a good site to sell car bras.

 

[duras]

That was a good reading. Nice to update my knowledges about selling.
Now I`m back to reality again, more enthusiastic
Thank you all

---------- Post added at 12:17 AM ---------- Previous post was at 12:09 AM ----------

That was a good reading. Nice to update my knowledges about selling.
Now I`m back to reality again, more enthusiastic
Thank you all

---------- Post added at 12:26 AM ---------- Previous post was at 12:17 AM ----------

Oops