A couple of days back I got an inquiry on a 2-word .com on DomainNameSales.com. It was obvious that the inquiry came from a PR firm as the email address used was from a domain name like this: *****PR.com.
I visited their website, went to the clients section and in 2 minutes I knew who the potential buyer was. I then went over the “website” link of the company/client with my mouse to see what domain name they are currently using.
The domain was a 3-word .com. Their domain name consists of my 2 words plus what I see as a redundant word. e.g. WoodenDoorsOnline.com if I had WoodenDoors.com
So clearly they are looking to get a domain name upgrade to a shorter and easier to remember .com.
Then I clicked on the domain name to see what their business is all about and to get a feel of how big this company is only to find out that it was not resolving.
I then checked domain whois and found that the domain is expired and in redemption period at Go Daddy. It is going to be deleted in a couple of weeks.
I don’t think they are pulling it out of redemption as I am sure they are dropping it on purpose. So they clearly have given up on that 3-word domain name. They were only using the domain name for 2 years anyway.
They now want to buy my shorter domain name. We are in negotiations but it is not going well. Their offer is too low. I will update this post if anything remarkable happens.
I wonder what they will do if they don’t purchase my domain name. My domain is an exact match of their company name. Let’s see how bad they need it…
How far is their offer ( percentage wise) from the reserve you had in mind?
About 10%. Not good…
Bird in the hand
They might purchase back their currently dropping domain back at reg fee if sale price is not agreed between both parties… Else they have to present some serious offer to have a successful deal here!
And risk loosing it at the drop? Well maybe they haven’t heard of hugedomains.com. 🙂
If they are going to take a chance, than most probably HugeDomains is going to be create disappointment for them 😀
I have seen them grabbing some shitty names. HD are buying thousands of domain on daily basis!
My price is not that high. Maybe something HD would charge. So maybe in 2 weeks their choice would be 2 or 3 word domain for the same price. 🙂
Strange timing! Wrote an article today about acting as a well-educated consultant, vs. a salesman towards potential buyers. Now it’s your time to shine! 😀
We clicked publish within seconds… I will read your article after the champions league games. 🙂
Kostas, let me guess … they offered you $500 saying that’s their max budget … LOL! 😀
Very close… 🙂
Issue with buyers is if they don’t like your price, they call you rude, imagine what makes them as lowballers.
The $500-$1000 is very common place nowdays, I am not even moved by such offers anymore, simple truth is you can get more wholesale than the reality of some end users these days.
It’s amazing how readily a company will pay for some things but not others. Salaries, office space – those are indispensible. Is a domain name any less important than their physical space?
Well, they may think so. But a domain name is far more permanent, far LESS of a luxury than the services of a PR firm. If they can’t afford the domain, then they can fire their superfluous PR firm. With those savings, they can buy the domain quite easily.
Good Domain + Website > PR firm + No Domain / Website