Payoneer

Sell domain to big established company

Discussion in 'General Domain Discussion' started by Broheim, Jun 19, 2017.

Replies:
13
Views:
437

  1. Broheim

    Broheim Established Member

    Joined:
    Dec 12, 2016
    Posts:
    16
    Likes Received:
    12
    Hi.

    I'm running a startup with the name Streampeak. I registered the domain name streampeak.com and shortly after, someone contacted me saying he wanted to buy the domain. The message was from a generic gmail adress.
    I began doing some research on why anyone would want to buy it and discovered the company streampeak.com.sg
    The name of the person emailing me matched up with one of their employees, so that's probably not a coincidence. When I replied that I'm in the process of setting up a business myself and that I would only consider a real offer he never replied.

    Now I'm thinking about selling the domain to finance my startup.
    How should I appraoch them, and what would be a "resonable" price? I'm not interested in selling for anything less than a $30k. Should I just forget it or what do you guys think is realistic? 30k isn't much to run a business on so I'm not even sure I would sell it for that..
     
    Last edited: Jun 19, 2017
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. biggie

    biggie Top Member VIP ★★★★★★★★★★

    Joined:
    May 27, 2003
    Posts:
    7,948
    Likes Received:
    5,743
    if they "never replied", then why are you thinking of approaching them?


    imo....
     
  3. Silentptnr

    Silentptnr Prycr.com Crew Business Account VIP

    Joined:
    Aug 25, 2015
    Posts:
    7,960
    Likes Received:
    14,169
    The domain is worth what someone is willing to pay. Not sure how you arrived at the 30k figure but it's yours to price.

    I would try to contact the person again, but without knowing the time frames of what you described in your post, it's hard to say. If this was over a month, then yes...but if there were years in between, that's a different story.

    It can't hurt to offer them the domain. You never know, they might still want it.

    Best of luck.
     
  4. Howie

    Howie Business Member Business Account

    Joined:
    Feb 26, 2015
    Posts:
    623
    Likes Received:
    381
    Just because you haven't heard from them doesn't mean they're not interested, during this time, I would say, but your commitment to the name may state a certain connection to the domain which the potential buyer might see as big money, which in your situation is, $30,000 is a crazy amount for such a domain. imo.
     
  5. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,175
    Likes Received:
    2,382
    I concur it is an exorbitant amount for the domain if it had no enquiries. As soon as you get an inquiry the domain goes up in value and is highly dependent on who wants it.

    I do the research and if I found a large company wanting the domain I would instantly quote 25k.

    Mid level 10k

    Entry level 5k

    I look at who it is and what they can afford.

    The problem with most domain inquiries is one does not know the end user. When I know the end user it helps me establish the best selling price. I have been known to be quite blunt and ask outright. If someone says none of my business then I say... How so?... you are inquiring and I have a right to know who I am dealing with. Don't want to tell me then let's start with 100k and we can drop it once I know who you are. :sneaky:
     
  6. 1Darko

    1Darko Established Member

    Joined:
    Feb 23, 2017
    Posts:
    713
    Likes Received:
    2,091
    Welcome to the forum!
    I have looked into your case a little and I have to admit that I'm astonished that a company which operates internationally from the1970-ties does not own the company name in .com extension.
    I have discovered that you regged the name on Dec- 6 -2016 and that the company has regged the name in .net extension 3 days after you on Dec - 9- 2016.
    If this is really a coincidence than you are a very lucky guy :xf.smile:. In my opinion you should reply to the buying offer and in detail explain your startup situation. In this way they will probably understand that you are running a legit business like them and that for the right amount of money you would sell the domain to them.
    You must be prepared for a longer negotiation period of several month and probably start higher than 30k to achieve this amount. Maybe you should consider to hire a domain broker if you don't have negotiation experience!
    Wish you all the best!:xf.smile:
     
  7. Smiles76

    Smiles76 Established Member

    Joined:
    Apr 12, 2017
    Posts:
    46
    Likes Received:
    109
    I don't think you should price a domain based on the buyer. Price it based on it's value. If I'm a millionaire and a house is on the market for $100,000 the price doesn't change just because the buyer knows I'm a millionaire. I don't get why domainers think this is a wise way to do business.
     
  8. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,175
    Likes Received:
    2,382
    So you have AppleCore.com and have it listed for 2.5k.

    Apple contacts you to buy it, will you sell it to them for 2.5k or will you raise the price to 250k?

    My way is a more sound way of maximizing profits.
     
  9. frank-germany

    frank-germany Business Member Business Account VIP

    Joined:
    Jun 21, 2015
    Posts:
    3,809
    Likes Received:
    3,464

    really?

    that is no good advice

    the question is
    what is the domain worth to the buyer

    there is no such thing as domain value
     
    Last edited: Jun 19, 2017
  10. urlurl

    urlurl Active Member VIP

    Joined:
    Nov 25, 2009
    Posts:
    1,666
    Likes Received:
    2,522
    my guess (since it came from a generic gmail address) is its from a reseller who may want to buy it from you cheap to turn around and resell the name to the company or it maybe a appraisal scam.
     
  11. ksusha64

    ksusha64 Business Member Business Account VIP

    Joined:
    Jun 27, 2014
    Posts:
    4,676
    Likes Received:
    2,237
    Anyone who has experience selling 5-6 figure domains knows not to approach potential buyers ( especially with crap name) You will get $200 for it if u do. You should wait until they make an offer and then get them on the phone to get more details. You can feel them out, and see how much they would pay and then close the deal accordingly. I recently sold a name for 15k while the initial offer was only $500. I got them on the phone and realized 15k was their max. If I asked more for a name I would get no deal done. I paid $200 for this domain so return was great. It was 4L.com with meaning and matched exact name of their company. Good luck selling your name.
     
    Last edited: Jun 19, 2017
  12. Broheim

    Broheim Established Member

    Joined:
    Dec 12, 2016
    Posts:
    16
    Likes Received:
    12
    Thank you for your replies. It's always good to have different viewpoints to consider.

    The amount $30k is derived from the fact that is what I would need to get a minimum salary (very minimum) for a year in my company. It's also not totally unreasonable because they are such a big company.
    I am however struggling to find their yearly revenue which would help me set a maximum bar for what they actually can pay. What they want to pay is another story.


    Cool! I didn't know they registered the .net domain. My guess was that they had a board meeting or something where they decided to update their online profile and that's why they wanted to buy the domain. I got the offer in January I think..
    I'll take your advice and start with a higher price, if I even approach them at all. But probably I will.
    I got some negotiating skills, but a broker might be a good idea. I'll at least consider it. Thanks!

    What about if a millionaire wanted to buy something you had that no one else had? Would you price it accordingly then? ;)
     
  13. canswift

    canswift Business Member Business Account ★★★★★★★★★★

    Joined:
    Dec 30, 2006
    Posts:
    675
    Likes Received:
    195
    @Broheim - I would also see if you can edit this thread so the the full domain name is no longer indexable by Google. Right now if I run a Google search for your domain name, this NamePros thread comes up on the first page of searches. All your thoughts, rationale and strategy are clearly laid out here for anyone, including a potential purchaser, to see.
     
  14. Broheim

    Broheim Established Member

    Joined:
    Dec 12, 2016
    Posts:
    16
    Likes Received:
    12
    Thank you! I will ask a mod. I can't edit it anymore.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!

Share This Page

Loading...