.tv Strictly Hypotethical

[easygoing]

Hello .TV visionaries...Assume this strictly hypotethical scenario:

You have spent this whole past week having little or no sleep in the midst of extremely stressfull negotiations for the sale of the crown jewel .TV domain in your domain portfolio, let us call it an international city .TV geo. This is not the first time you have been approached by this buyer who has previously offered mid-six-figures, but during the previous 4 approaches, you have always tenaciously hanged on for seven-figures+change.

The buyer's latest offer to you this week has reached high six figures after grueling negotiations. He's close and it's pretty tempting, but also you know he wants the domain soo badly, eventhough on top of the first page of the faxed contract, it is noted in capital, this is our very last offer and the contract offer expires Monday. Also the contract includes an NDA clause.

You have this weekend to respond to the buyer. So would you (again Stricly Hypotetically speaking):

1) Accept the high six-fig and sign the dotted line and fax back right away.

2) Accept the high six-fig and sign but fax back Sunday night (play cool).

3) Accept the high six-fig but cross the NDA clause with the goal of raising the value of the other geo domains in your portfolio whether .TV or not.

4) Accept the NDA in return for a nudge in the price say 50k more.

5) Stay tenacious and keep hanging in there for seven figures, not only due to human nature's greed, but also because from past history you are 95%positive this buyer will be back.

Again assume this is strictly hypotetical scenario...What would you do in this situation? 1,2,3,4, or 5 or something else?

 

[garptrader]

On a couple of occasions I have managed to negotiate a slightly higher offer even after the buyer has stated, "This is my final offer." However, in those two cases, my asking price was XXX, the domain was a .COM and I felt confident that my asking price was more than fair. While I wanted to close the deal, if the buyer balked, oh well. It is likely difficult to walk away from a deal which can make your year particularly given the economy and lack of buyers for even the best domains. I have lost several deals which I now regret because I pushed too hard so one has to ask oneself, "Can I walk away and patiently wait for another offer? Am I getting greedy or is the buyer trying to lowball me?" Those questions are relevant regardless of price because one has to consider the quality and potential use of a domain. I doubt I could walk away from even a $10K offer but your situation is likely very different. I would recommend you stay away from anything which could piss off your buyer. I once lost a negotiation for a 10-character .COM domain in the high $XXX from a developer because I raised my initial asking price. He ended up settling for a lower-quality domain. Best of luck.

 

[Steven]

Personally, I will choose option 1.
With the offer reaching near 7 figures, I think it's very likely that you've hit the once in a life time end user.

Good luck, and let us know of your decision.

 

[MattheP]

Personally, I will choose option 1.
With the offer reaching near 7 figures, I think it's very likely that you've hit the once in a life time end user.

Good luck, and let us know of your decision.

Agree.

 

[GoneWalkabout]

First, I would check credentials then I would take the money on the table and realise you WERE the visionary.

If they want an NDA - give it! If they want you to dress as Captain Kirk - do it! High six-figures is surreal territory.

The one thing I would not do is to believe that this name is the ONLY name the other party could purchase.

Having said that - only you know the name - and know how strongly you feel about that name. I can think of at least one name that I would not sell for less than $2 million - regardless of what anyone here or on any other part of our planet thinks it is worth.

If the situation is NOT hypothetical I would suggest that, whatever happens, you genuinely enjoy the moment - and I certainly wouldn't be stressing about it!

 

[Ammudamus]

Easy,
A few questions/ideas:

1.Do you have a need for the capital if you sold at high six figures?

2.Can you create a greater return on the money if you sold? Essentially, could you grow the high six figures to seven figures in less time than taking the chance to hold out?

3.Create an incentive. Sell for high six figures, but ask for a percentage of the revenue stream by the new owner. This creates some passive income and allows an immediate windfall.

4.Does an NDA matter? Yes, it would be nice to publicize the sale and create mainstream attention, but if it makes financial sense, sign the NDA and be done with it. Just the idea that a large sale is occurring behind the scenes is good news for .TV holders.

Just my two cents for what it's worth.

Best,
A

 

[mckennaronnie]

For my own personal reason's as a owner of 3,4 decent Geo's who would love a sale like this get plenty of attention for Geo .Tv's then i'd vote for:

3) Accept the high six-fig but cross the NDA clause with the goal of raising the value of the other geo domains in your portfolio whether .TV or not.

BUT

If it was me then i wouln't risk a very high price deal just for the sake of a NDA so i'd go for:
1) Accept the high six-fig and sign the dotted line and fax back right away.

You have got a lot of Geo owners thinking hard about which domain could get such a fee, i hope it goes well for you.


regards,
Ronnie

 

[SKG]

Sell it, sign it, and go to bed with a smile.

 

[easygoing]

You have got a lot of Geo owners thinking hard about which domain could get such a fee, i hope it goes well for you.

Sorry about that Ronnie, did not mean to cause a stir...Actually I am more of a quiet lurker, reading this forum daily in the background rather than participating, though I want to say to all the active .TV participants that you guys inspire me and that for the last year I have focused on each one of your opinions and analyzed it attentively...Just too many of you to count from the localexperts to discovernow, jeffoverman, Master JimboJimbo, len, Qoof, Mr. reporter Ammudamus, Schocko, Steven, Mr. results JohnTV, StoneRoses, Mindwrecker, and sorry for name mispells and to all I did not mention, just too many of you guys.

If that's possible, I will think about whether to answer everyone's comments carefully without compromising the hypothetical situation.

 

[htmlindex]

I would go with No.1 & accept the high six-fig and sign the dotted line

 

[rokoroko]

number 1 or number 2 .

I would love this situation.Isnt it Detroit ?

rokoroko

 

[mckennaronnie]

Sorry about that Ronnie, did not mean to cause a stir...Actually I am more of a quiet lurker, reading this forum daily in the background rather than participating, though I want to say to all the active .TV participants that you guys inspire me and that for the last year I have focused on each one of your opinions and analyzed it attentively...Just too many of you to count from the localexperts to discovernow, jeffoverman, Master JimboJimbo, len, Qoof, Mr. reporter Ammudamus, Schocko, Steven, Mr. results JohnTV, StoneRoses, Mindwrecker, and sorry for name mispells and to all I did not mention, just too many of you guys.

If that's possible, I will think about whether to answer everyone's comments carefully without compromising the hypothetical situation.

No need to apologize, your doing great.
I'm just nosey & a bit Geo .Tv obsessed so get excited at any big news.

When this is all over then i'd love to hear more about your .Tv's & the plan behind them either on forum or in PM if you wish, i understand you cannot say too much right now so i won't ask anything more about this deal.

Good Luck with it, hope you get the perfect deal for you.

Ronnie

 

[johntv]

Negotiating this all the way up to almost 7 figures is amazing!

I would go for number 1 or 2, both are okay as long as you sign and fax it back to them in time

It would be great if this one could be announced, but I wouldn't bother about the NDA and wouldn't bring it up either as it might ruin one of the highest .tv sales ever.

Whatever your decision will be, please keep in mind that if they mention on their fax that it is their last offer and even note that in capital letters, it might very well be their very last offer

 

[jeffoverman]

First off how exciting and I'm thrilled for you!

I would go with number 1..

You need to do whats right for you, dont worry about the NDA issues and please forum members imo or .tv extension in reporting the sale. The success of .tv and NDA do not effect the extension imo. Sure a reported sale in this league would be huge but imo sellers sometimes cant control things unless your Rick who made his money and walk away from deals because buyers want an nda. There have been many NDA sales here, imo respect nda. Some nda sales get leaked out(never understand that one-but ok). :notme:

What this boils down imo is do whats right for you and your family. Only you can be the judge on things and hope everything goes well for you. NDA, no NDA were all rooting for you and what a huge sale.

Cheers

J

 

[Makis.TV]

sell with a smile

 

[recluse99]

Make sure not to fall for the appraisal scam.....




.

 

[Archangel]

We are in a serious economic crisis. IF you hold onto it, you might get 7-figures in a few years. But even that (for a .tv) is a hard thing to come by. I'd personally sell now and use that money to reinvest in LLL.com's etc. They are selling dirt-cheap (well, all-things-considered cheap) and in a few years, assuming you invested a mere $100k, you might see half a million or more in return. This is a GREAT time for investors and if you have enough cash to invest, you could be a self-made millionaire within 5 years from a $100k investment.

 

[RPK]

2

 

[FedPrimeRate.com]

If your financial house is in good shape then I would choose 5. You seem very confident that the buyer will be back. I like calculated risk.

Of course, could backfire on you. Already terrible economy could get worse, and cause the buyer's financial house to collapse.

IMO, the NDA shouldn't be a factor in your decision.

AmCy

 

[Ross]

Honestly if you are in the high 6 figure range that 50k is a drop in the bucket. Just sell the sucker and laugh all the way to the bank. I don't think anyone is going to be mad at you if you can not disclose the domain or price.