I just got a call on my cell phone from an area code that I didn’t recognize so I let it go to voice mail. They left a message inquiring about a domain I registered for 10 years a few years back and have basically forgotten about. I don’t have a clue what domain names are worth and I feel that they probably want to purchase it from me. Does anyone have any experience of this kind?
$1500-$3000 is what the ‘domain farms’ usually sell them for. its really up to you. if its basically found money to you, ask for $1500 and be willing to go down to $1000. or ask for stock. who knows, it could be the next facebook. whats the domain name?
Yes, what is the name? It could be a company calling to sue you because they have the trademark to the name you registered.
MattLikesAnalysis Wrote: ------------------------------------------------------- > $1500-$3000 is what the ‘domain farms’ usually > sell them for. its really up to you. if its > basically found money to you, ask for $1500 and be > willing to go down to $1000. or ask for stock. who > knows, it could be the next facebook. whats the > domain name? Thanks for the feedback. I’m not going to post the domain name because the whois database has my home addresss and cell phone number. Any idea what’s involved in selling the name? I called her back and asked what she wanted to give me for it and she danced around the question with “Not much, we don’t have much…” She asked me for a price and I told her I’d call her back tomorrow after giving it more thought. I probably wouldn’t want to let it go for under $500, but I planned on starting at like $10,000 just in case they have deep pockets and really want the name.
You can have it appraised for like $15 on a domain provider like GoDaddy. Have you been paying for it for 10 years? You could have bought a pretty generic domain 10 years ago for next to nothing that could be worth a nice chunk of change today.
XSellSide Wrote: ------------------------------------------------------- > Yes, what is the name? It could be a company > calling to sue you because they have the trademark > to the name you registered. It is a business name, but I don’t think they could sue me for a registering a name in 2005 for a business they started in 2008 or will start in 2009.
It’s like your the Fed, Bankin. Money from nowhere!
Chuckrox8 Wrote: ------------------------------------------------------- > You can have it appraised for like $15 on a domain > provider like GoDaddy. Have you been paying for > it for 10 years? You could have bought a pretty > generic domain 10 years ago for next to nothing > that could be worth a nice chunk of change today. I may look into that appraisal after work. In 2005 Godaddy was having a 6.95 per year special so I locked it up for 10 years. On a ten scale, for the business it is intended I would give it at least a 7 probably an 8 or 9.
Bankin’ - I have some experience in this area if you want to chat offline. xsellside at gmail dot com It’s like selling any piece of property and involves negotiation of course. You were right not to throw out a $ figure. Your domain hosting company (like godaddy.com) can usually help facilitate the transfer of ownership and cash. Don’t expect much unless you have a very desirable and rare name or it generates traffic.
sent
Bankin’ Wrote: ------------------------------------------------------- > XSellSide Wrote: > -------------------------------------------------- > ----- > > Yes, what is the name? It could be a company > > calling to sue you because they have the > trademark > > to the name you registered. > > > It is a business name, but I don’t think they > could sue me for a registering a name in 2005 for > a business they started in 2008 or will start in > 2009. If they own the trademark on the name they certainly can sue you to prevent you from continuing to own it further…
Here’s my plan. I’ll call them at noonish ask them who they are, where they are, and what exactly they plan to use the domain for. I’ll then say that I am not particularly interested in selling it so in order for me to do so it will require a formal offer in writing on their part. This accomplishes a few things: 1. It forces them to throw out the first number 2. It tells me a lot about the people I’m dealing with. i.e. If it’s one page types then that is one thing, if it’s a 10 page legal document then that is something else 3. In the event that this is a scam (think Nigerian e-mail) it gives my physical evidence to turn over to authorities Any other thoughts or suggestions would be appreciated.
I like the way you think. I’d hire you
I think you are looking at $200 - $1000. My experience with domain names: none
Bankin’ Wrote: ------------------------------------------------------- > Here’s my plan. > > I’ll call them at noonish ask them who they are, > where they are, and what exactly they plan to use > the domain for. I’ll then say that I am not > particularly interested in selling it so in order > for me to do so it will require a formal offer in > writing on their part. > > This accomplishes a few things: > 1. It forces them to throw out the first number > 2. It tells me a lot about the people I’m dealing > with. i.e. If it’s one page types then that is > one thing, if it’s a 10 page legal document then > that is something else > 3. In the event that this is a scam (think > Nigerian e-mail) it gives my physical evidence to > turn over to authorities > > Any other thoughts or suggestions would be > appreciated. yeah, i don’t see how you can go wrong with that. it could very well be a few college undergrads who only have $200 to their name. but they could have funding already… who knows… i’d say, be happy with $1000, accept $500, but try for $3000-$5000. generic comment of the year. and the forum goes crazy, TheAliMan, cjones, sellside are rushing the stage. they can’t get enough of this generic sensation.
There are a lot of lofty numbers be thrown around here. Take a look at Ebay or forums.digitalpoint.com to see what domains are really going for.
I just registered both. Pay up, friends!
I’ll give you $8, which is a 33% return for you since you just bought it for $6.