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  1. #1
    Join Date
    Aug 2005
    Location
    Norway
    Posts
    81

    Need help - had inquire about domain

    Hi,

    I have the domain TheMineralShop.com and had an inquire if I was willing to sell it and at what price? What do you think about value? Should I give a price, or ask what they are willing to give? Thanks.
    My portfolio: AboutAutims.info - Choosearch.com - EnterFriend.com - FindTheAnswer.info - FreeCelebritiesWallpapers.com - FreeSiteCounter.net - FunBuying.com - GolfPeg.com - GoToSpain.info - IfBet.com - LatestPicture.com - LittleTicker.com - PopHeroes.com - QualityGames.biz - So-Lucky.com - TemplateLover.com - TheMineralShop.com - TubeCaps.com - TV-Series.net - Ucey.com - Yzay.com

  2. #2
    Join Date
    Jul 2003
    Location
    Holland
    Posts
    575
    If someone is building up a brand named "themineralshop" They will need the name, so you can ask a pretty penny
    If it is a reseller, you will scare them away with lets say $10K.

    I would ask for $10k

  3. #3
    Join Date
    Jun 2007
    Location
    USA
    Posts
    1,057
    I always put the ball in their court. The may offer you more or less than what you are willing to accept. If it is less, then you counter. If more, then you break out the champagne. If they offer you a lowball price, tell them to come back when they are serious.
    Last edited by Stratagenix; 2008-05-03 at 01:03 AM.

  4. #4
    Join Date
    Sep 2002
    Location
    Wales (UK)
    Posts
    24,745
    If they don't bite it could be a very long time before someone else comes along.

    I imagine it being a small shop rather than some corporate concern, so whilst it's true that if you don't ask you don't get and you can always negotiate down - I think you're going to be lucky to get beyond $xxx even from an end user interest.

    final thought is to be wary in case it is an appraisal scam.
    When using google for counts - use double quotes for usage counts for multiword terms and set "match type" to "exact" for all search volume lookups. Click here for more info

  5. #5
    Join Date
    Nov 2002
    Location
    Here & there.
    Posts
    5,366
    Originally posted by safesys
    I think you're going to be lucky to get beyond $xxx even from an end user interest.
    Disagree.

    If anyone is serious about starting (or growing) a business, they should certainly be willing to invest $1k for a domain name. Well -- let me clarify, for THIS domain name, which is very likely the same name they wish to apply to their business.

    On the other hand, $10k is too high (I think) and will likely put them off.

    $5k might not be a bad compromise for starters.

    Good luck.
    Last edited by doughmein; 2008-05-02 at 01:50 PM.
    "Just when I thought that I was out, they pull me back in!"

  6. #6
    Join Date
    Sep 2002
    Location
    Wales (UK)
    Posts
    24,745
    A small shop starting up is likely to be "serious" about spending money to grow their business in areas other than their domain name. Pick up a local ads paper and look at the type of names those types of companies are perfectly happy to make do with at reg fee.
    When using google for counts - use double quotes for usage counts for multiword terms and set "match type" to "exact" for all search volume lookups. Click here for more info

  7. #7
    Join Date
    Jun 2007
    Location
    USA
    Posts
    1,057
    Every startup has a budget and every going concern that is even modestly successful should be willing to pony up some bucks for a domain name that matches their business name or concept. I agree with Doughmein, unless it is a profitable business, it is unlike to bring a $xx,xxx price but $x,xxx is not entirely unreasonable. I have received a lot of inquiries in my domains but the serious offers have been few. So as Safesys warns, be leery of the scammers.

  8. #8
    Join Date
    Nov 2002
    Location
    Here & there.
    Posts
    5,366
    Originally posted by Stratagenix
    Every startup has a budget and every going concern that is even modestly successful should be willing to pony up some bucks for a domain name that matches their business name or concept.
    Which I think was my point. Although it is amazing how many business owners refuse to follow or accept this concept (reality?).
    "Just when I thought that I was out, they pull me back in!"

  9. #9
    Join Date
    Sep 2002
    Location
    Wales (UK)
    Posts
    24,745
    You can throw words like "serious" around all you want to try and label those who don't opt for a premium domain as being somehow commercially stupid, but the reality is more end users of all sizes go with "make do" domains than pay a premium and many of them actually manage to make money.

    Having the best domain is not as crucial to business success as domainers like to paint it.
    When using google for counts - use double quotes for usage counts for multiword terms and set "match type" to "exact" for all search volume lookups. Click here for more info

  10. #10
    Join Date
    Nov 2002
    Location
    Here & there.
    Posts
    5,366
    Paint? I'm still restricted to crayons.

    Plus I'm still on a time out after being caught with a spray can.
    "Just when I thought that I was out, they pull me back in!"

  11. #11
    Join Date
    Jul 2005
    Location
    Los Angeles / NYC
    Posts
    2,998
    Originally posted by safesys
    [...]the reality is more end users of all sizes go with "make do" domains than pay a premium and many of them actually manage to make money.
    As an example of this, just look at the domains that large movie studios use for new releases. For movie names that match common words/idioms, they just add movie to the end of it, rather than spend the $$$ to buy the exact name.
    .

  12. #12
    Join Date
    Aug 2005
    Location
    Norway
    Posts
    81
    Thanks. I posted a reply. Asked them what they were willing to pay. The answer: "Proberly not as much as you want...!" :-)
    Said then the asking price is 5000(+), so proberly I will not hear from them again ;-)
    My portfolio: AboutAutims.info - Choosearch.com - EnterFriend.com - FindTheAnswer.info - FreeCelebritiesWallpapers.com - FreeSiteCounter.net - FunBuying.com - GolfPeg.com - GoToSpain.info - IfBet.com - LatestPicture.com - LittleTicker.com - PopHeroes.com - QualityGames.biz - So-Lucky.com - TemplateLover.com - TheMineralShop.com - TubeCaps.com - TV-Series.net - Ucey.com - Yzay.com

  13. #13
    Join Date
    Sep 2002
    Location
    Dublin, Ireland
    Posts
    1,129
    Yes but you could contact them in a few days with a lower price..once your sure they are not biting..

  14. #14
    Join Date
    Sep 2002
    Location
    Toronto
    Posts
    1,530
    Originally posted by norwegianwood
    Thanks. I posted a reply. Asked them what they were willing to pay. The answer: "Proberly not as much as you want...!" :-)
    Said then the asking price is 5000(+), so proberly I will not hear from them again ;-)
    If that's how you actually phrased it--"how much are you willing to pay"--you did yourself a disservice. Frankly, it's a blunt approach and one that marks you as an unsophisticated negotiater.

    I know upthread someone suggested to see how much they're willing to pay for it, and while this is a legitimate approach to opening a sales negotiation for anything, it's much better to position it along these lines:

    "Thank you for inquiring about my domain name 'themineralshop.com.' I currently have development plans for this name, and haven't worked out my lost opportunity cost if I were to sell it. If I were to receive a serious offer for this domain, I would run the numbers and possibly enter negotiations for a sale.

    Sincerely
    N. Wood"

    If they made an offer in a suitable range, then you could make a counter. If their offer was too low, you could simply respond with:

    "Thank you for your offer for the domain name 'themineralshop.com.' Unfortunately, your offer is not in the range that I would consider for negotiation.

    Sincerely
    N. Wood"

  15. #15
    Join Date
    May 2006
    Posts
    67
    Always ask them to make an offer first IMO. It's them that wants it after all.

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