advice Selling strategy

[zac3366]

We were recently contacted by someone from Ename ("The #1 domain name marketplace in China"), asking for a client if we would like to sell a domain. At first the client's budget was $5,000. Now, after a few days and with no hard negotiations, their budget has gone up to $30,000. Me and my partners feel this domain name could be worth a lot more for the right buyer. We don't know who the buyer is, but one of the largest online companies in China has a brand/product that matches the .com domain name.

We think this might a real opportunity for us that we would like to explore. We don't have much experience when it comes to selling domains. The question is, what to we do next?

1. Ask who the buyer is to be able to negotiate better?
2. Set a high fixed price and see what they say?
3. Start an auction and contact the companies we think might be interested in the domain name?
4. Hire someone professional to negotiate the sale for us?
5. Something else?

Any advice is welcome

 

[love4ever]

Sounds like a plan

Not a plan , its a trap


.

 

[likemike]

You risk losing the buyer all together if you pull the old online auction routine. However you decide to go good luck with things!

 

[zac3366]

You risk losing the buyer all together if you pull the old online auction routine. However you decide to go good luck with things!

Thanks for your input!

 

[LoveCatchyDomains]

If this company in China has a trademark there, does that create any potential UDRP claim on the domain?

This may not matter, if they are willing to simply buy the domain from you at this point regardless. I don't know i this could become an issue, if you increase the price and there are some trademark or other potential claim concerns.
Not that it is essential to do in this case, but did you check to see if they have a Chinese or American trademark?

 

[zac3366]

If this company in China has a trademark there, does that create any potential UDRP claim on the domain?

This may not matter, if they are willing to simply buy the domain from you at this point regardless. I don't know i this could become an issue, if you increase the price and there are some trademark or other potential claim concerns.
Not that it is essential to do in this case, but did you check to see if they have a Chinese or American trademark?

Not yet, but I will consider looking into it. Thanks for your input!

 

[pinkdragon]

How many extensions are taken? Use DotDB to check.

You can aslo hire your broker.

 

[LoveCatchyDomains]

If it is a physical product that they sell, there may be no issues even if they have a trademark.

Keep in mind, that you may want to act quickly, if you feel the price is a fair one for you.

There is a section for professional appraisals here on Namepros, and I wonder if it would be worth posting there to get an expert opinion. Or, since we have some real experts in the domaining world on this forum, maybe it would be worth paying one of them for a really informed perspective?

 

[LiamWallace]

No need to ask who the buyer is.

Set your price. If it's worth it to them, they'll bite. If it isn't, they'll walk. Are you okay with walking away from a 30k offer after a 12year hold?

 

[zac3366]

No need to ask who the buyer is.

Set your price. If it's worth it to them, they'll bite. If it isn't, they'll walk. Are you okay with walking away from a 30k offer after a 12year hold?

Yes.

 

[LoveCatchyDomains]

We were recently contacted by someone from Ename ("The #1 domain name marketplace in China"), asking for a client if we would like to sell a domain. At first the client's budget was $5,000. Now, after a few days and with no hard negotiations, their budget has gone up to $30,000.

Isn't it interesting that the budget went up almost six fold without significant negotiation? Are you sure that these folks are legitimate?
I've had the experience of receiving an email allegedly from a domain marketplace, claiming to be interested in purchasing it. When I called the marketplace to confirm, they indicated that this was not so. No such email was sent.
Don't be afraid to make certain it's a legit offer. And, maybe check online to see if there is some reason this company would be very eager to buy it now?

 

[zac3366]

Isn't it interesting that the budget went up almost six fold without significant negotiation? Are you sure that these folks are legitimate?
I've had the experience of receiving an email allegedly from a domain marketplace, claiming to be interested in purchasing it. When I called the marketplace to confirm, they indicated that this was not so. No such email was sent.
Don't be afraid to make certain it's a legit offer. And, maybe check online to see if there is some reason this company would be very eager to buy it now?

Thanks, valid input.

 

[70ym]

ename is not the #1 domain name marketplace in China...

 

[zac3366]

ename is not the #1 domain name marketplace in China...

Ok, thanks. Do you know more about the company? If they are established, serious etc?

 

[70ym]

I dont know what is established, serious mean.
They just a broker. What are you worry about?

 

[zac3366]

I dont know what is established, serious mean.
They just a broker. What are you worry about?

It's always good to know you are dealing with professional and reliable companies.

 

[70ym]

Of course it is professional.

 

[zac3366]

Of course it is professional.

Ok, thanks.

 

[LoveCatchyDomains]

ename is not the #1 domain name marketplace in China...

Excellent point. According to DomainNameWire.com in January 2020, Ename was the #4 registrar in China.

The top registrar in China was Alibaba Cloud, followed by Xin Net and West.cn.

Thanks for clarifying that.

 

[zac3366]

Excellent point. According to DomainNameWire.com in January 2020, Ename was the #4 registrar in China.

The top registrar in China was Alibaba Cloud, followed by Xin Net and West.cn.

Thanks for clarifying that.

To be clear, I wrote it within quotation marks. It's what ename.com claims themselves

 

[LoveCatchyDomains]

To be clear, I wrote it within quotation marks. It's what ename.com claims themselves

Smaller registrar, but with a bigger ego?!
Yes, I saw that claim too on the internet.