Payoneer

Turned Down A $75K Offer

Discussion in 'General Domain Discussion' started by Silentptnr, .

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  1. Silentptnr

    Silentptnr Hey From L.A. VIP

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    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Pierre Barnard

    Pierre Barnard Active Member VIP

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  3. Silentptnr

    Silentptnr Hey From L.A. VIP

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    Here's my thinking. If a person or company has a 75k budget, they have a lot of choices. Sometimes offers don't come for years at a time. I can't see turning down 75k. Maybe 7500, but not 75k.
     
  4. Asfas1000

    Asfas1000 Active Member VIP

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    Depends on a lot of unknown factors.
    For instance, how many close offers he's had for this domain over the years.
    Or how badly he needs this cash (perhaps he can put it to better use).
     
  5. imadoer

    imadoer Active Member PRO VIP

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  6. TC27

    TC27 Established Member

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    Yes, I think underselling it at $75k.
     
  7. Silentptnr

    Silentptnr Hey From L.A. VIP

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    Now, if you go back to accept the offer...it could only be 50k. :)
     
  8. Rammbo

    Rammbo Established Member

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    Well I have Lilac.info and they can have that for way less..lol.. He should have taken that deal..
     
  9. Silentptnr

    Silentptnr Hey From L.A. VIP

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    Really? I guess there are sales to support more... but those offers don't come along often.

    380.com 323,000 USD 2017-12-10 BQDN
    cif.com 100,000 USD 2017-12-10 MediaOptions
    emarketing.com 265,000 USD 2017-12-03 GetYourDomain
    spend.com 275,000 USD 2017-11-23 Sedo
    gradient.com 125,001 USD 2017-11-19 GoDaddy
    sanda.com 75,000 USD 2017-11-17 Sedo
    mommy.com 100,000 USD 2017-11-02 Sedo
    eth.com 2,000,000 USD 2017-10-22 Sharjil Saleem
    co.net 100,000 USD 2017-10-22 Aishwin.com
    pack.com 100,000 USD 2017-10-22 BQDN
    combo.com 90,000 USD 2017-10-22 NewReach
    myworld.com 1,200,000 USD 2017-10-08 GetYourDomain
    agenda.com 225,000 USD 2017-10-08 Buckley Media Group
    708.com 327,000 USD 2017-09-24 BQDN
    pisces.com 80,000 USD 2017-09-10 BQDN
    wmp.com 275,000 USD 2017-09-05 Sedo
    nextfoods.com 80,000 USD 2017-09-01 Uniregistry
    netlife.com 75,000 USD 2017-08-29 Sedo
    kaffee.de 237,474 USD 2017-08-25 Sedo
    omf.com 100,000 USD 2017-08-20 Pvt Sale
    hebe.com 125,000 USD 2017-08-17 Uniregistry
    dcc.com 198,000 USD 2017-07-09 Pvt Sale
    hatred.com 150,000 USD 2017-06-25 Pvt Sale
    xyb.com 100,000 USD 2017-06-25 Pvt Sale
    pep.com 100,000 USD 2017-06-18 Pvt Sale
    sexshop.com 226,000 USD 2017-06-11 Sedo
    nom.com 86,500 USD 2017-06-11 Sedo
    usedcarsforsale.com 100,000 USD 2017-06-07 Uniregistry
    lola.com 550,000 USD 2017-06-04 Private
    1i.com 97,426 USD 2017-06-03 4.CN
    freedom.com 2,000,000 USD 2017-05-21 Ali Zandi
    place.com 550,000 USD 2017-05-21 RightOfTheDot
    valentine.com 76,000 USD 2017-05-11 NameJet
    shunfeng.com 217,928 USD 2017-05-10 4.CN
    sw.com 660,000 USD 2017-05-07 RightOfTheDot / Sharjil Saleem
    bmt.com 152,000 USD 2017-05-07 Private
    piech.com 79,000 USD 2017-04-26 Sedo
    kohl.com 144,500 USD 2017-04-25 NameJet
    20.com 1,750,000 USD 2017-04-16 NameExperts
    j5.com 115,000 USD 2017-04-16 Sharjil Saleem
    lev.com 200,000 USD 2017-04-09 DomainAgents
    d8.com 196,500 USD 2017-04-09 BQDN
    w6.com 117,000 USD 2017-04-09 BQDN
    fly.com 2,890,000 USD 2017-04-04 Private
    masterplan.com 117,650 USD 2017-04-04 Uniregistry
    squeeze.com 150,000 USD 2017-04-03 Uniregistry
    cryptobank.com 125,000 USD 2017-04-02 Undeveloped
    fetch.com.au 100,320 USD 2017-04-02 DBR.com.au
    sati.com 100,000 USD 2017-03-29 Sedo
    asset.com 406,000 USD 2017-03-26 Sharjil Saleem
    mng.com 141,960 USD 2017-03-26 AlanAdlari
    1515.com 121,000 USD 2017-03-23 Sedo
    casino.online 201,250 USD 2017-03-22 Sedo
    rra.com 100,000 USD 2017-03-22 Uniregistry
    9.am 169,000 USD 2017-03-20 RegNest.com
    riseup.org 75,000 USD 2017-03-19 DomainMarket
    refi.com 500,000 USD 2017-03-12 Buckley Media Group
    w9.com 130,000 USD 2017-03-12 BQDN
    kombucha.com 200,000 USD 2017-03-07 Uniregistry
    3l.com 82,000 USD 2017-03-05 BQDN
    cozmo.com 77,800 USD 2017-03-05 Uniregistry
    andes.com 87,000 USD 2017-02-28 Uniregistry
    3w.com 280,000 USD 2017-02-26 Guta.com
    video.games 183,000 USD 2017-02-14 Rightside
    lows.com 104,501 USD 2017-02-09 NameJet
    dil.com 102,000 USD 2017-02-05 BQDN
    ocs.com 115,000 USD 2017-02-01 Sedo
    01.com 1,820,000 USD 2017-01-29 VIP Brokerage
    single.com 290,000 USD 2017-01-23 NamesCon
    physician.com 179,000 USD 2017-01-23 Sedo
    framer.com 250,000 USD 2017-01-15 Undeveloped
    emeralds.com 125,000 USD 2017-01-15 GetYourDomain
    advance.com 300,000 USD 2017-01-01
     
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  10. xynames

    xynames XYNames.com VIP

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    I turned down a $5k offer on a domain I wanted $9500. for (they would not go higher) but I don’t regret it, at least not yet. Still if the domain doesn’t sell for years I might rue the decision.
     
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  11. TC27

    TC27 Established Member

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    Don't get me wrong it's a respectable offer. But if they offered $75k, I don't think it's that much of a stretch to go to $100k - same order of magnitude.

    Maybe we should ask @Michael Cyger what Tulip/com sold for? :xf.wink:
     
  12. DGMDomains

    DGMDomains Active Member VIP

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    stretch it to at least 100K but if they won't go any higher; I'd take it and run.
     
  13. DN_Hunter

    DN_Hunter Established Member

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    Just me, but I could see this name selling for low $xxx,xxx USD. But you might have to wait for that type of offer to come along...

    I understand Opportunity Cost plays into this. Take $75K now and use that to invest in more names. Or wait until a higher offer comes along (which might never happen).

    Guess it comes down to the current owner's gut feeling on this one...

    Personally, I would wait ask for a minimum 6 figures on this name with features such as 5-Letter Short / Dictionary / CVCVC / "Passes Radio Test" / Extremely Brandable / 21+ Year Old / .COM

    Regards,
    DN
     
  14. xynames

    xynames XYNames.com VIP

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    Given that Mike Mann has 300k domains he needs a lot for each domain that does sell just to keep the oil burner running.

    I can relate - with 1500 domains I’m loath to sell even the less popular domains I have for under a thousand.
     
  15. Recons.Com

    Recons.Com Business Member Business Account VIP

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    You can't look at just one name, you have to have a strategy for your portfolio. If you are afraid to lose with each sale, you'll never maximize your earning per domain.

    For example, you get an offer of $5K for your name, you counter at $15K with 40% chance of acceptance and 60% of no sale at all. If this is your only potential considerable sale expected, don't gamble. If you have 10 names like that, it is not gambling any more. Instead of $5Kx10 = $50K certain sales, you'd get $15K x 10 x 40% = $60K and you still keep 6 names that you will eventually sell at $5K-15K range.

    If you own names like Lilac, which color and flower, you have to price them higher than $75K.
     
  16. Kuffy

    Kuffy Name Stag VIP

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    He should have taken payment in Bitcoin - that closes the deal now, and will probably make him more in the long run.
     
  17. Silentptnr

    Silentptnr Hey From L.A. VIP

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    Good point.
     
  18. Bean

    Bean Established Member

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    Hell yeah, wouldn't think twice :-P
    I don't know the guy but really I guess it would depend, like if he's already a billionaire, $75k might not mean much to him, he might've turned down the offer on a whim. Also if he's been getting a steady stream of offers and he doesn't need the money, sure why not wait a little longer?
     
  19. erchaman

    erchaman DomainVale.com VIP

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    Btw any meaning of Lilac? For me sounds like Cvcvc random. As I read someone also has lilac.info
     
  20. Recons.Com

    Recons.Com Business Member Business Account VIP

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    The classic interpretation of a market price is that it factors in all known public info and expectations, so current bitcoin price has all the growth potential in it.

    Meaning, roughly, that if there is a 50% chance that it can go up from current level, there is a 50% chance that it could go down as well.
     
  21. kite26

    kite26 Established Member

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    Whoa! I have LightLilac.com. I will have inbound offer soon! Haha!
    By the way, lilac is a lovely type of color.
     
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  22. DN_Hunter

    DN_Hunter Established Member

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    Whether he takes it in cash or bitcoin doesn't really matter. If he took cash, he could immediately use the cash (just a portion or ALL of it) to purchase bitcoin (or other crypto currency). It is part of the "Opportunity Cost" -- meaning could he do better with $75K now investing elsewhere versus holding the domain name for some future price (which might be higher or lower than $75K).

    We don't know his financial situation, business model, or investment(s) strategy. We also don't know if $75K was the initial offer, or they negotiated and that was the final offer.
     
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  23. garptrader

    garptrader Top Member VIP ★★★★★★★★★★

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    I would probably accept $7500 for that name. IMO just because a domain is one word does not make it a six figure name. But there are other factors. If you know the buyer is Google, Apple or Amazon and you already have $1 million in the bank, you can afford to walk away from a $75k offer. But when you are in five figure territory buyers have other options. In more than ten years in this industry I have never had a five figure sale so I don't ask for the stars on mediocre-quality domains.
     
  24. Silentptnr

    Silentptnr Hey From L.A. VIP

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    In my opinion, based on the frequency of high 5 figure offers, I would have probably taken it and moved on. I do see where Lilac.com could be a major brand. It's a great domain no doubt.
     
  25. Jasonn

    Jasonn Top Member VIP ★★★★★★★★★★

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    Don't ask you don't get. I've sold domains for mid five figures that mean little of anything to anyone but the buyer.

    Are you kidding? I guess if you don't speak english well you might not know its a flower, color and scent.
     

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