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Domain Sale... Should I?
I have a 25k offer on Brews.com. He needs a few weeks to close the deal. Negotiate for more? Sell it quick? I think he's into Coffee, but I think it works great for Beer and Tea too.
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I think its a reasonable offer....of course you could sit on it for more but then again another buyer may never come along...
You can always try to push the price up to 30k etc ..the most he can say is NO and you go back to the 25k. |
I think that when an individual is putting their financial decisions in the hands of idiots on GFY, that person should immediately be deemed by their state of residence to be mentally incompetent and his/her assets put into a trust for responsible people to manage on their behalf.
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If you don't have your own plans for it then I would say that's a good offer
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Throw it on Sedo, with his bid, and see if you can fetch more.
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I would sell.
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nice domain, good luck with the sale :)
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Yeah, close it.
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sell it for what you think its worth instead of trying to sell it at a price you think you can get for it
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Although I think that brews.com could ultimately be worth a lot more than that, I would sell if I wasn't using it, or had no real plans to develop it. What's the return on your investment? Its a nice enough blog but, as it stands, I would gladly sell it for that price. |
25k sounds reasonable.
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sell it - it has very less search according to adwords tool
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It's a tough call. It really depends on how much interest you get on it otherwise and whether you need the money. If you get a decent amount of interest in it otherwise and you don't need the money, try for more. Otherwise, it's solid enough to accept IMO. It's not a bad name for beer/tea but it's also not a highly searched term on its own and not even huge broad search. If it was Brew.com it'd be 6 figures for sure, but the plural is definitely a lot weaker.
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If anything, he's trying to avoid making a decision potentially based on emotion or rash decision and getting other perspectives, even if they're not as qualified, can help sort through the options. That's always a smart thing to do. |
if i didn't have any plans to develop it in the next 5 years i'd take the money - do what Will said, anybody who's willing to pay 25K for a domain there's a decent chance they might pay more.
on the other hand if money's not an issue to you why sell a nice asset in the middle of a horrible economic downturn. |
Another thing to mention - if you use calendar year as fiscal year, bear in mind the time of year. You can either use that to further sell them on buying it by the end of the year while you ask for more, OR instead get them to buy it in the new year, so you're not paying tax on the sale right away.
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what did you pay for it?
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What he paid for it is irrelevant. With the huge growth in the craft beer industry there is a ton of potential for the domain. Is $25k a fair price? It is in the ballpark.
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Take the money and invest it.
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Sedo it!
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Did inbev forget to renew beer.com? I see it has a new owner.
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Seems like a reasonable offer, especially in this market.
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Seems to be a fair offer.
The old saying a bird in hand comes to mind.. |
I think $25k is a fair price. If he needs some time to come up with the funds throwing it on sedo in the meantime is not a bad idea either.
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I don't know a ton about domains and I am certainty not an appraiser. To me 25K sounds like a good price for it too. But domains aside, use a little common sense. If the person threw out 25K he is either A, some douche with pipe dreams wasting your time and he wont end up buying it because he doesn't have the money or B, someone with a large budget and big plans. If it is B, he will pay more. It might only be 5K more, or it could be 20K but very very few people are going to make a 25K "offer" and be firm on it. There is a great chance you can work some more money out of him.
Also, try to do some back ground on who you dealing with. Did he use a free domain name or a domain of the company he owns. Dig as much as you can if you find out he work or own some large corporation I would hit him back with a much higher price. The worst that can happen is his say no, 25K firm take it or leave it... and then you can take it. If it is legit I bet you can get more money out of him. It sounds like you didn't have it listed for sale, so don't forget this person came to you. Trust me he wants it and if he has the money or owns some big coffee company he will pay another 5,10,20K for it. If he didn't want it he wouldn't have contacted you. |
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I used to own "BrewThis.com" but let it go for nothing... Hey the Steelers won!
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hold off until 100k or you'll regret it.
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sell and run, dude... 25K? WTF?? youre lucky...
where did you get this offer? Filppa? or he contacted you via the whois?? facemash was sold at 30.. and its featured on a hollywood movie several times.. |
I'd suggest make him a counter offer and see how It works out. If he wants the domain he won't just let It go cause you tried to get more, worst case scenario is you get 25k. This is if you even want to sell ofc.
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Fair offer... U may be able to squeeze a bit more for it
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Get your money, move on, re-invest. |
Propose this to him
$50,000 $15,000 down and finance the rest for him over 5 years. |
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There might be a way through lawyers that if he doesn't pay the remaining balance the name gets returned to you, but the more you have to get lawyers involved the more expensive things are going to get. I see what you're getting at, but IMO why take the chance. |
Thanks for the variety of interesting feedback. I've got a little time before I need to commit to anything. I may also fish it around at some brews, brew pubs, craft brews, coffee, and tea businesses.
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