Mainsream company wants to buy my domain
 

A mainstream clothing company wants to buy my domain. Their lawyer sent a fax to namecheap so namecheap would forward me their contact info (because my whois was protected).

Domain itself is worth about 5k and is hardly making any money right now. What should I ask them? Go full retard and ask for something like 100k? Or be realistic?

Go full retard and ask for 100K - They will be expecting it...

I suppose it depends on your circs a bit - If you really need the money then you might want to play it safer...

Always ask for MORE than you want.

Its PISS easy to negotiate DOWN to the price you REALLY want...

Its virtually impossible to negotiate UP...

BUT... From the other side of the coin...

I bought a house for my son the other day. I offered a FRACTION of what they wanted...

Of couse they said NO... So I offered a bit more, and they accepted... So I still paid less than they wanted...

So ask for SHITLOADS. Let them 'beat you down' - You'll prob end up better off !

Good luck :thumbsup

calculate you changes, is it a high profile company, is there an alternative name. Then go ballsitic, you can always go down.

Need more info, most important - do they have alternatives or is your domain the only one that would fit their needs.

That would depend on how big the company is IMO.

depends on many factors, like how big is the company, how good is your domain, do they have other options,.

anyways, ask shitload of cash. and wait for their response.

Will you buy me a house as well?

Ask them what's their budget.

Sure!

Just provide irrefutable proof (via DNA) That you are the 'fruit of my loins' then provide me with Grandchildren... And we are good to go... :thumbsup


:winkwink:

Do a search of the company to see how big it is and if your name is being use for anything by them now.

Do a trademark search too.

and then get lowballed... and need to try and negotiate up???

WTF???


Biz accumin is severely lacking here (No Offence)



:helpme

probably a fake offer. did they ask you to get a professional domain appraisal from so and so too?

i have sub this let us know how it turns out

Think of something realistic, no one is going to give you $100k for a $5k domain, and you may be lucky to get $5k.

Tell the the site it's on makes recurring revenue each month and you want a reasonable offer from them first. Anyone who is serious will respond, then you can go back and say, I want 3x that and they will most likely bite.

Without knowing, their bid is probably $500-$1000

In all seriousness.

Get a professional negotiator into the mix, for a % cut. (If Sold)

Simple as...

im a poofessional negotiator. i charge 10%

If you're comfortable with and it's actually worth that $5k ask $25k and negotiate from there. Nothing worse than blowing a good buyer out of the water.

:winkwink:

Go for it. I dont have the skills to help the OP out, so why not you?

This is important, learn as much as you can about them, what legitimate claims they may have to it with trademarked use in a given category. Does the name have other meanings or applications, is it a more generic word/name or more specific to just them?

They have their attorney openly involved at this early stage, so understand there is a cost of acquisition point where it makes sense to pay you and get it quickly and save some money in attorney fees if they do have the trademark rights to it. If you go too high, and they understand the process to get it from you through ICANN/Registrar and that price is higher than the cost to have the attorney go after the name then you lose out.

It all comes down to the name, their legitimate right to it potentially through a trademark and how generic or specific the name is as to where your bargaining power is.

I can't count the number of times I would have settled for a lower amount and the buyer comes in with an initial offer well above. I've also lost many deals with high expectations as well as a few of those above where I tried to squeeze for more and never heard back.

Why?

If you want $10,000 ?

Ask for $100,000

They say NO.

You say OK...

How about (EDIT)

With respect. I'm out of this tread. NO ONE ON GFY needs ME to teach them basic bizznezz...

PEACE OUT! :helpme

In basic biz bills still must be paid. $10,000 is a lot better than $0. There are hundreds of millions of domains. And soon to be 10's of thousands of extensions. There will come a time when .com just isn't worth the extra $90,000-99,985.

I've made my living off of domains for over 12 years now. Made the decision to get out about 6 months ago and it's been one of the best decisions I ever made. I pumped as much money as I could into an offline business and have already made more this year than all of last. While seeing a trickle of income coming in from whats left of the domain business which is in slow decline. I say take what you can get now because as soon as google starts handing out free .go and yahoo free .yo's then it's game over.

As I said, with all due respect... I'm OUT! :winkwink:

Why ask for anything.
Just tell them you are currently are currently accepting offers and could be motivated to sell with the right one. :2 cents:

DING DInG FUCKIN' DING...

let them make you an offer you can't refuse.

big businesses will always be willing to pay a decent amount for .com's no matter what extensions are out there simply because there will always be traffic leak .com and .com's are the most well known. sure things may be different in 20 years or something but i don't see these new tld's changing anything. the public will be largely unaware just like they have been for every other extensions. you can already get .tk for free, why isn't everyone doing that if free domains will kill good .com domain sales?

They came to you so i would say make me an offer and start from there. To say 100k sounds nice but if you just scare them away when they would gladly gave u 20k. then u have nothing.

There are a limited amount of companies out there willing to pay big bucks for a domain. .tk isn't promoted by a widely used tech company such as google. So what happens when as I said google rolls out .go for free to it's user base, coupled with their many other products. I don't think, I know it will be a lot sooner than 20 years from now that acceptance is greater. It's already made a huge impact on the domain market. One of the most common responses I get nowadays is "why pay you that when the .whatever is available at regfee?" Won't be long before they are saying "free."

How did you determine it is worth $5k?

The most important thing is to be professional with them. Even if your starting number is too high for them, if you work with them you should be able to work out a good deal.

I've sold quite a few mainstream domains in the xx,xxx range since 1999....

there are already a number of .whatever's that people could use, yet the majority don't and sales for .com outnumber everything else by a huge margin. i have a vested interest in .com but i really don't see these new tld's taking much of the market. the people who would only pay $100 (or nothing) for a domain might go for it. otherwise, i just don't see it. all these tld's are the same story all over again, all the best ones held back and auctioned off, leaving nothing much of quality left. not to mention the general public won't even know much about it and added with the fact that there are so many coming out at once, its going to be information overload and i think that will result in people just ignoring it.

I was wondering same thing.. Domains are a weird thing. We bought vcams.com and tried to pick up vcam.com for the misspelling. Funny thing is that the seller of vcam.com wanted 10 times more for vcam.com than was paid for vcams.com. They would not budge. In my opinion vcams.com is clearly a better domain.

Point is that there are so many factors in deciding the value of a domain. The business model, sellers desperation for money, etc etc

Definitely shoot super high. You never know. I have seen many domains I thought were worth a couple of k sell for over 50k

I agree. I also dont think consumers will trust buying items on domains that were given out for free. To me it is a red flag that a business owner cant shell out 20 bucks a year. The biggest point is one you pointed out. Consumers are so used to .com and unaware of the other extensions, they will instantly leave the site if they see something like toys.tk or one of the dozens of other non recognizable extensions.

Again big companies shelling out big bucks on names are few and far between. Your ordinary business owner isn't going to think twice about setting up their website on a google business in a box domain such as .go. Just look at how many have used bellsouths shitty website services in the past. As far as what site they go to I like to watch peoples habits and the majority don't even know how to type a domain into the browser so they are left with google or whatever's suggestion. In fact I've found most non tech savvy people get rather annoyed when you try to get them to type-in a name. They aren't going to think twice about visiting a .go domain when it has a powerhouse such as google behind it. I love me some .com but the majority of my consistant income over most of those years was from alt tlds (primarily .info). My better names have generally sat unsold due to pricing and I'm finding myself more and more lowering my expectations on those.

tell us the domain name............

Say them you have plans with it and you want to develop it further. But that for the right price everything is for sale. And let them make an offer. You have time, they want to domain fast i think cause they might have plans with it. Try to sent it anonymously with a gmail account, you never know what their plans are.

If there is a copyright problem the amount you ask could be lower than the costs they have to make for a lawyer/proces. But it depends on the name if there is copyright infringment.

I sold domains i bought 2 years ago for 50 euro for 6500 euro. So who tells your domain is only worth 5K? I had domains that sedo.com didn''t want in their special auction and i sold them for a better price than most of their domains in that particular auction. It is all about hwat people think the domain is worth for them.

:thumbsup:thumbsup

They could be setting you up for a lawsuit.