closed Azam.com - should I sell it for this price? Advice please

[Azam.netAzam.net is verified member.]

I have been getting about three or four emails a month asking to buy the domain name. None of them have progressed to a serious bid, but I have now had an offer for £40,000/US $73,600 for azam.com. We've been negotiating for weeks and the guy is keen to press ahead with the paperwork.

It means a lot to me. I bought it about four years ago from a Canadian corporation after contacting them for years and offering them more and more money.

There is nothing much on the site at the moment, but I have had plans for years to set up a mini-portal on it. As well as my online businesses, I am a writer, having worked as a journalist for years, and would like to put my writing online and help push my brand so that I can get books published in the future.

I have been busy on other projects, but a super new site was due to go live in Quarter 3 this year.

It has emotional value for me as it is my surname, but I could use nazam.com instead, which is based on my first initial and surname if I sell azam.com

I have already marketed the brand heavily and the domain pulls in a few hundreds visitors a week. I use azam.com as my username in forums, for my email address, business name, bank account etc. So I'm reluctant to sell. But $73,000 is a lot of money for me.

What should I do?

Also, is there a high quality valuation service out there that anybody would recommend please?

Thank you.

 

[B.King]

its a very very good offer and imo you should sell it at that price.

 

[hugegrowth]

I think it is a more than fair price for that name, based on the name alone. If I owned it I would sell at that price no problem. But it also has personal value to you which is hard to put a price on.

Seems like the offer isn't quite enough to make you take it, so you could ask for an amount that would be impossible to say no to. Or, you could take the offer, use the money to help further your projects, and switch your username to nazam.com, which I think is equally memorable and good as azam.com for your purposes. Good luck with it.

 

[Leading Names]

You would be nuts not to take a $73k offer for this name, regardless of your personal attachment.

- Rob

 

[Domain Jedi]

All things considered, i would recommend that you sell it!

Also, make sure to consider an escrow service.

 

[NameAlot.com]

I would sell that name for much less imo... better names sell for less... sell it and buy another name to get attached to.... I have a few names that I'm attached to that I will only let go for xx,xxx. Once that offer comes, I won't think twice.

 

[BobDiGiTaL]

SELL IT.
You could always get azam.info , azam.org , azam.net and azam.biz and even az.am for 1/20th of your 73K sale of the azam.com
Maybe you can work in a link exchange or a commission with your deal from the buyer. He obviously has big plans and wants it badly.

 

[hotdomainnames]

I agree, take the money!

 

[Namehunter]

Sell, be sure to use Escrow. Make it a condition of sale that the previous email addresses be diverted to your new one so you don't miss emails. And it's a good time to sell, as the new tax year just started.
Good Luck

 

[mxzsleds]

Lets be serious here I would probably offer you $1000.00 for the name at most. Sell the name before you buyer goes away

 

[Creature]

100% sell. Hunt for some new names. Creature

 

[NavySeals91]

Sell, you would be crazy not to and as the others suggested use Escrow.com (for example) or meet with the person in person and have written contracts.

 

[DNjet]

no brainer , sell it.

 

[Manowar]

sell it

 

[NAS125]

Yes, I agree sell it, but then would it be a good idea to ask for more... letting him know your "writing" attachment to it and your plans for it.

 

[typeins]

Take the money and run.

 

[BidNo]

Hummm... Some recent sales:

Domain TLD SalePrice SaleDate SaleThru Keywords Len Wrds Num Hyp
Dora com $100,000 Feb 06 Private Sale Dora 4 1 N N
Amistad com $100,000 Feb 06 NameDrive Amistad 7 1 N N
Looks com $86,650 Feb 06 SnapNames Looks 5 1 N N
Airways com $80,815 Feb 06 Moniker/Domain Systems Airways 7 1 N N
Street com $70,000 Feb 06 Private Sale Street 6 1 N N
Cancha com $68,313 Apr 06 Sedo Cancha 6 1 N N
Major com $58,070 Apr 06 Sedo Major 5 1 N N
Orleans com $45,450 Apr 06 Moniker/Domain Systems Orleans 7 1 N N
Navi com $45,000 Feb 06 Sedo Navi 4 1 N N

Yes, very fair price; sell. (and then buy a nice writer's domain from me for $2/3k).

Don't let the emotion cloud your judgement; strike while the iron is hot.

Cheers,
BidNo

 

[Duckinla]

Could you get emotionally attached to a nice Porche or a decent boat? If so, sell the name.

 

[jdk]

I'll give you 200 junior bacon cheeseburgers for the name.

 

[bdss]

Sell it off ....you wont get a better offer on that name.