What Do You Do?

[gamehouse]

What do you check for when a potential end user contacts you about your interest in selling a name?

The company name is revealed and what they do is revealed and the interest seems genuine.

What are the various things you normally check before offering a price or asking for an offer?

Thanks for your help.

GH

 

[domainer50]

I would simply think to myslef. Is the offer worth it? If so, sell away. Obivously you need to check for verfiaction of email, name, website, telephone, address etc of the party. But not much more than that.

 

[gamehouse]

Thanks. I checked all those things and they all exist and genuine. Just wondering if there are any ways to check how much they might be interested in the name or things like that.

Thanks once again,

Gh

I would simply think to myslef. Is the offer worth it? If so, sell away. Obivously you need to check for verfiaction of email, name, website, telephone, address etc of the party. But not much more than that.

 

[domainer50]

Thanks. I checked all those things and they all exist and genuine. Just wondering if there are any ways to check how much they might be interested in the name or things like that.

Thanks once again,

Gh

Are they represnting a company that has a similar name to what you own? If they have made a solid offer then they are intereste either way. Did they arleady offer?

 

[gamehouse]

They did not offer. I asked them to go ahead and make an offer. We will see. The company name matches in the first keyword not the second. I will keep you folks updated.

Thanks,

GH

Are they represnting a company that has a similar name to what you own? If they have made a solid offer then they are intereste either way. Did they arleady offer?

 

[domainer50]

Sounds good. If they offer negoiate with them. If they seem very interested you can probally get a fair amount out of the deal.

 

[tricolorro]

What do you check for when a potential end user contacts you about your interest in selling a name?

The company name is revealed and what they do is revealed and the interest seems genuine.

What are the various things you normally check before offering a price or asking for an offer?

Thanks for your help.

GH

:hi:

If you know the company's name you should check who owns the other extensions of the domain you own. Perhaps they own some of the other extensions.

I had registered a .com and none of the other extensions were registered.

When an offer came in to buy the domain thru Network Solutions, I checked the other extensions and saw that the .net,.org,.info,.biz,and .us extensions were recently regged by the same people.

It didn't take a lot of brain power to figure out that they were the ones interested in the .Com.

Based on that insight I held out for a much higher price.

Without that insight, I would have sold it for much less. :hehe:

Patrick

 

[renec]

I would always let them make the first offer. It might be much higher than you expect, and in that case, it would clearly indicate that they are a qualified prospect and value the domain highly.

If they make a low offer, counter with a high offer (about 3 to 5 times the minimum price you would sell the domain at). See how they respond.

I do the above regardless of any additional research I might do about the buyer. By insisting that they make the first offer, and countering low offers with much higher ones, the prospects sort themselves out (the more interested ones will make another offer, and the other ones will drop out), and you don't have to do much additional research.

 

[Mike]

Research is the key here. If you know the name of the company, look for what they possibly could use the domain for. Evaluate the strength of the company and product. Check the other extensions, if it's a global company, check the ccTLD(s) as well. Familiarize yourself with the status of the company, check the Better Business Buero whether they have a lot of complaints against them, review online boards that give user opinions about their products, etc.

Make sure that you do your homework and know as much about the company as their is to know. Maybe you own one of their products or know someone that does. In other words, read, read...and when you think you're done reading, then READ some more. The more-the better.
For the transaction itself, depending on the reputation and size of the company and the domain value, enlist professional help or at least Escrow, buyer pays fees.

good luck and happy new year!