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Author Topic: Selling domain names?
Drake
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Icon 5 posted March 03, 2005 17:47      Profile for Drake     Send New Private Message       Edit/Delete Post   Reply With Quote 
Hi all,

Does anyone know anything or have any experience with selling domain names?

I have a really good domain that I'm currently using, but someone just offered me $8,000 for it. When I looked up what other domains like it are selling for, I find prices that are ten times as much! Are people really getting prices like the $250,000 that publishing.com is asking for?

Also, does anyone have any opinions about places like http://www.greatdomains.com/ ? I've heard so many conflicting things that my head is in a spin. [crazy] I'm not looking or expecting a million dollars, I just want to make sure that I do not undersell my domain.

Posts: 4 | From: San Fran | Registered: Mar 2005  |  IP: Logged
The Famous Druid

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Icon 1 posted March 03, 2005 18:38      Profile for The Famous Druid     Send New Private Message       Edit/Delete Post   Reply With Quote 
Dunno about market prices for domain names, but I expect they vary widely. Publishing.com may well fetch a substantially higher price than www.womenwholiketodothingswithpetsandkitchenappliances.com

So, what's the great domain you're selling?


p.s.
Old timers may remember my rant a while ago when I was contacted by a domain name squatter who'd registered my company name, and was offering to sell it to me at a profit. Well, out of interest I checked that domain name just now, and it's showing as not found, so the scumbag has presumably let the registration lapse. [thumbsup]

I may actually claim it myself, if I can be bothered.

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If you watch 'The History Of NASA' backwards, it's about a space agency that has no manned spaceflight capability, then does low-orbit flights, then lands on the Moon.

Posts: 10681 | From: Melbourne, Australia | Registered: Oct 2002  |  IP: Logged
Cap'n Vic

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Icon 1 posted March 03, 2005 19:19      Profile for Cap'n Vic     Send New Private Message       Edit/Delete Post   Reply With Quote 
Sell it!

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(!) (T) = 8-D

Posts: 5471 | From: One of the drones from sector 7G | Registered: Jun 2002  |  IP: Logged
quantumfluff
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Icon 1 posted March 03, 2005 19:32      Profile for quantumfluff     Send New Private Message       Edit/Delete Post   Reply With Quote 
If you use the domain for business, then selling is always problematic. If you use it for vanity, then why not. As for price, you have to ask about the value of the name and who is buying it. If it is an established small business, with the same name, then the price may be right. If it is a large business with a similar name, then they are just trying to soak up mispellings. I would keep it out of principle, or ask for much more. If you can't identify the business behind the offer, I would guess it is a reseller looking to flip it to someone else. In that case it's probabaly worth more to some buyer that you don't know yet. Can you tell us more?
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Drake
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Icon 1 posted March 03, 2005 22:21      Profile for Drake     Send New Private Message       Edit/Delete Post   Reply With Quote 
Thanks for your opinions.

The domain is a name that I came up with, it's short, funky, and business-related. I'm too shy to say what it is. [blush]

I did some research on google, and it is a large company that has approached me, one that raised almost 20 million a year ago for a venture. Their name is completely different from my domain name. I've had lots of offers before, usually people want to buy the domain for $1000 or so, this is the first really serious offer.

My current thinking is to just take my time with this, and perhaps investigate web-sites that sell domains, to see what the market value and going prices are. Of course I may end up kicking myself later, but my gut is saying not to sell out to the first offer they send me.

Posts: 4 | From: San Fran | Registered: Mar 2005  |  IP: Logged
drunkennewfiemidget
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Icon 1 posted March 04, 2005 06:40      Profile for drunkennewfiemidget     Send New Private Message       Edit/Delete Post   Reply With Quote 
He who names the first number loses.

Period.

Tell them you're insulted based on such a low ball number and to contact you again if they come up with anything more reasonable.

You might be pleastantly surprised.

And if you are, mail me some money, I'm broke. [Big Grin]

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ewomack
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Icon 1 posted March 04, 2005 13:25      Profile for ewomack   Author's Homepage     Send New Private Message       Edit/Delete Post   Reply With Quote 
I agree with the above completely. Go for the big $$$$$$$$$$$. If it's a big corp [evil] they have the bucks. They'll try to get as little as possible from you if they can.

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Ed Womack
Get Milked

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Titanium Warrior
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Icon 1 posted March 04, 2005 14:41      Profile for Titanium Warrior   Author's Homepage     Send New Private Message       Edit/Delete Post   Reply With Quote 
I've had lots of experience buying Domain names. Ethically we don't like to be forced to pay for our own name, but we have buckeled down and paid if we really want to. However that said we also negotiate heavily for them.

On average a person will sit on a domain name approxiamately 3 years and then renew on a yearly basis. So based on that I've calculated the registration cost to that person and estimate their costs. From there I will listen to their offer first and then I will usually offer double their cost (which in most cases seem to average around $750). The most I've negotiated was from $10,000 down to $1200. it only took two offers. We were willing to go as high as $2000. I've found most domain names for sale sell a lot cheaper then what they really ask for. I usually do a whois and try to get a feel of when they registered the name and when it expires. I try and offer to buy near the anniversary date of renewals.

Hope that gives you a perspective from this side of the biz. Try not to get greedy, just ask for what is fair and equitable to both parties (I'd say double return on your investment is always excellent).

Cheers
-TiW

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I used to have super powers until my therapist took them away.

Posts: 333 | From: Victoria, BC Canada | Registered: Dec 2002  |  IP: Logged
The Famous Druid

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Icon 1 posted March 04, 2005 15:38      Profile for The Famous Druid     Send New Private Message       Edit/Delete Post   Reply With Quote 
Update:

I just registered the name that the domain-squatter tried to sell me a year or so ago for $$$$ (we never actually discussed price, I was too busy yelling FSCK YOU !!!).

Cost me $US 5.

Update2: I checked the aforementioned domain squatters web site, and it's not there any more.
Maybe domain squatting isn't as lucrative as legend suggests.

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If you watch 'The History Of NASA' backwards, it's about a space agency that has no manned spaceflight capability, then does low-orbit flights, then lands on the Moon.

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Snaggy

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Icon 1 posted March 05, 2005 10:41      Profile for Snaggy   Author's Homepage     Send New Private Message       Edit/Delete Post   Reply With Quote 
Welcome Drake :-)

Hmm, tough decision, but some good advice in this thread too. You may want to ask yourself, what's the chance of someone else offering that much in the future?

I'd also be inclined to not accept the first offer, but in a way that would keep negotiations open.

TFD: [thumbsup]

heh, this week someone emailed me out of the blue wanting to trade GeekLove.com for SuperRefreshing.com [crazy] [Confused]

Posts: 8117 | From: Canada | Registered: Jan 2000  |  IP: Logged


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