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Selling a domain
Geod
swim, swim, hungryRegistered User regular
swim, swim, hungryRegistered User regular
So, about five months ago I bought a domain. Nothing special, it was the name of a product that I had in my youth, and I had intended to make a fan site at some point for it. 5 months has come and gone, and I haven't had the time to develop a proper site for it yet.
Two days ago, I was called by a company that wishes to buy the domain that I have. I know the company well, as many here probably do too. They sold the original product in question, back in the day. My question is advice on how to do this, as I've never sold a domain before. Also, I'm not convinced I will sell the domain as I'm hesitant that the company won't use the domain like I would like them too.
I initially bought the domain for around $60 - it was through an auction, the last owner was just one of those random sites that just parks advertisements on pages so I got it when they didn't renew it, but multiple people went for it. If I wish to sell it, should I simply ask for an offer? I have no idea whatsoever how much the domain is worth. There was also the mention of possibly me helping out with whatever they want to do with the domain, but I don't know much more than that at the moment. I know I'm being rather vague, but I'd rather not do anything to mess up the deal if in fact, one occurs. Thanks guys!
Two days ago, I was called by a company that wishes to buy the domain that I have. I know the company well, as many here probably do too. They sold the original product in question, back in the day. My question is advice on how to do this, as I've never sold a domain before. Also, I'm not convinced I will sell the domain as I'm hesitant that the company won't use the domain like I would like them too.
I initially bought the domain for around $60 - it was through an auction, the last owner was just one of those random sites that just parks advertisements on pages so I got it when they didn't renew it, but multiple people went for it. If I wish to sell it, should I simply ask for an offer? I have no idea whatsoever how much the domain is worth. There was also the mention of possibly me helping out with whatever they want to do with the domain, but I don't know much more than that at the moment. I know I'm being rather vague, but I'd rather not do anything to mess up the deal if in fact, one occurs. Thanks guys!
Geod on
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Chances are they can get it from you for free just for owning the product's copyright/trademark/patent. I'd say ask them to make an offer or sell it to them for $60-100.
Yeah, beat'd. Ask them for an offer, and it'll probably be >$60.
Can trade TF2 items or whatever else you're interested in. PM me.
First, if the company approaching you is a large corporation, they probably have a budget set on a domain by domain basis. Get them to make you and offer, don't offer up a price. Their budget for the acquisition will be lower than the cost of legal representation to get the name from you via DRP with ICANN. Purchasing the name is generally the easiest solution for both parties involved and limits overhead.
We use an escrow service for our domain acquisitions which would be a safe way to conduct the transfer of money once you come to an agreement.
Don't be greedy, but you do stand to potentially make significantly more than you purchased the name for.
PM me if you want more info.