Should I except?

[patches]

Someone has offered to sell my domain, only if I agree to give them the authority to sell at $1,500. They would charge 10% of the selling price or $500, which ever is higher. I have only had this domain for 44 days, with a traffic of 62. I'm in no rush to sell. Would it be foolish not to except this offer?

 

[Zeeble]

depends how good they are......

 

[IAmAllanShore]

If they want to sell it at $1,500 .... and they want to take 10% or $500 "whichever is higher".... there doesn't seem to be much of a "whichever" at work (As 10% would be $150)....
That being said, straight 10% is fine, IMHO. But $500 on a $1500 domain... unless you were only looking to make $1,000 from it anyway... Meh, pass.
-Allan

 

[Midano]

We need to know what the domain is.
Maybe it's worth more that $1500 and they're playing a "I-am-not-desperate-I-don't-really-need-this-it's-for-someone-else" trick.

 

[patches]

I guess I should explain more fully. This offer is from a well known domain seller. The list price would be $5,000 and the reserve price $1,500, (which they could except without my permission). The $500 is for the cost to them for the transaction fee. The agreement would be for 6 months. If I sign this agreement, they will be able to sell my domain without my consent over the next six months. Since I've only had the domain for such a short time, would it be unwise to enter into this contract? I'm sure everything is on the up and up and they are a great domain seller (that's the only reason Im debating this offer) but is it wise to lose so much control over ones domain so early in the game?

 

[IAmAllanShore]

The "early in the game" isn't the issue to me. To me it's paying a 1/3 finder's fee. IOW, if the sell it for $5,000 or $1,500, they get the same payment. Removing incentive is a bad idea
-Allan

 

[Redleg]

Is it Greatdomains.com ?

 

[floatingworld]

Offer to sell it to them for $1000. This will test the genuineness of their confidence to sell, otherwise do not bother with the agency blather.

 

[patches]

Would it be wise for me to answer that question Redleg?

 

[Midano]

Let me guess... GreatDomains?
I can tell without even knowing what your domain is - it's not worth a fraction of $1500. Go ahead and list it, you've got nothing to lose. Chances of selling are slim anyway.

 

[patches]

I get the message. Thanks for the heads up!!

 

[zaros64]

So you listed it..
laugh if you got the actual money lol

 

[Aajiz]

Offer to sell it to them for $1000. This will test the genuineness of their confidence to sell, otherwise do not bother with the agency blather.

I endorse that. You should not accept 1/3 of the minimum estimated price without cross checking them.

Regards

 

[daddypi]

If you're asking whether or not you should "accept", then yes, in my opinion you should.

 

[wot]

Did they approach you or vice versa? $500 on $1500 yeah right!

It certainly smells of notsogreatdomains :gl:

Give it a miss

 

[patches]

No I haven't listed it or asked for the $1000.00. I was thanking Midano for helping me learn a little more about how things are done. It's just one more interesting lesson I've learned on this forum. I now understand a little more about how domain sellers operate. I feel very comfortable with Sedo. No pressure of any kind..No contracts to sign..No price to worry about..A straight 10% fee..Just list and relax. When I wrote them about a problem they fixed it in a very short period of time. What more can I say. Sedo is perfect for the inexperienced domainer.


I asked them to list my domain, thinking all domain sellers were like Sedo. My mistake...lessons are only learned by making mistakes!

 

[rtonia]

is domain listed at g****domains.com give them right to prohibit domain seller from listing that domain at any other place or sell the domain through private negotiation?

 

[kw31]

If someone bought it for your reserve price of $1500
and you give them $500 for the brokerage
That's a 33% fee
I'll definately pass

 

[patches]

I haven't presused this matter further (and don't intend to) so I'm not sure what the agreement details would include beyond the commission price.