closed Just received an offer for EHOMESTEREOS.com

[VividChoice]

19 hours to go and I just received an offer of 55 US dollars at Godaddy. Can anyone give me some advice what this domain might be worth. I would like to counter offer but not really sure what a good asking price might be.

P.S. I also own EHOMESTEREO.com... maybe offer a package deal for him?

-Thanks!!!

 

[GT Web]

your name isn't worth much...so I would say $55 is fair, however, maybe try and get the price up to ~ $100...

 

[VividChoice]

your name isn't worth much...so I would say $55 is fair, however, maybe try and get the price up to ~ $100...

Would you throw in the other name as well or save it?

Thanks for your comments!

 

[Domain Jedi]

I would sell them as a duo and try to get $100. Good Luck!

 

[JoeyMob]

Agree duo is good for $100

 

[VividChoice]

Thanks guys!

Anyone else?

 

[domaino]

Thanks guys!

Anyone else?

I agree, I would sell. To be honest, I would have appraised the domain at low $xx, so I think your getting a decent deal there. Good luck.

 

[WhoDatDog]

Horrible advice once again as to how to counter-offer. If the offer came out of the blue for $55 then I would suggest at least $750. If you dn't raise the price then you will NEVER get a good sale, as you will be outwitted every time. How you could even counter with $100 is one of the most mind-numbing things I have ever heard. You have an asset that someone wants. If you counter too high you can move back down if you have to. Maybe just give him the name for free if you are only going to counter with $100 off of a $55 dollar unsolicited offer.

I see people all the time suggesting to sell without even counter-offering...for fear that the buyer will go away if you counter too high. He has already told you that the least he will pay is $55, so it is now your job to figure out the most he will pay. If he is so offended at the counter offer that he won't even pay $55 when the dust settles, then that's his problem. It is up to you to be smart enough to get maximum value as quickly as possible.

 

[March2005]

I think that things should generally be sold for what they are worth, not for what the buyer is willing to pay.

If someone gets a fair price on a purchase, they are more likely to become a repeat customer and/or refer other potential buyers to the seller.

 

[jasdon11]

Horrible advice once again as to how to counter-offer. If the offer came out of the blue for $55 then I would suggest at least $750.

I agree with the idea but not the figures.

The guy's offered $55 - the right price - he obviously isn't an idiot. To go back at $750 would make you look stupid.
Once you get past $200 you have a whole lot of better options and the buyer probably knows that. I'd counter at $200, maybe settle on $125-175 and be glad I'd oversold an unremarkable domain.

Jas

 

[wiwineguy]

March,

I have been doing this since 2001, not along time but have just shy of hundred grand in sales under my belt. NO ONE wants to be your repeat customer, whether they have bought a domain for $55 or $55,000. Most of them will resent you for buying a name from you that they had been looking at when they could have had it for $9.99, even if you give it to them for $19 , 100% profit.

As for a fair price, get your head out of that part of the equation, the only person who can determine a fair price or fair value is the buyer. I have actuallay had buyers tell me that the $4000 I sold them a name, for what I thought was a crap name, was a bargain to them.

Not to burst your bubble but as a wise man once told me , get your head in the game or get out!

Vivid, listen to WhoDatDog, he has his priorities straight and frankly any time you aren't sure how to price domain, just ask yourself, what would DotComGod do? You have a couple decent names , don't give them away!

I think that things should generally be sold for what they are worth, not for what the buyer is willing to pay.

If someone gets a fair price on a purchase, they are more likely to become a repeat customer and/or refer other potential buyers to the seller.

 

[hugegrowth]

I believe in the case of domains they are worth what the buyer is willing to pay. You can get all sorts of appraisals and opinions, but in the end with domains that have 'brandability' or 'mind space', without much traffic, the buyer determines the worth when he agrees to give you that value for the name. It's like real estate, the buyer can offer more or less than the asking price depending on how hot the market is. The 'worth' of a domain is not a fixed value for everyone, it can be a different value for different buyers.

This .com domain is actually pretty good for branding home stereos, it's the exact term with an 'e' in front of it, which would totally suit an online site. It wouldn't be out of line at all to counter with $500 to $1,000. Just look at the weekly sales at DNjournal in this price range, it is in the ballpark for an end user. If the buyer goes away you still have your domain and what's $55 anyway? At best, they accept your counter or you agree somewhere in the middle. Maybe this sale has been done by now anyway ...

 

[simon]

i advise you to sell the name at theat price and u can buy more .coms

 

[Duckinla]

I would sell ehomestereos.com for the price offered and have the buyer give me written permission to keep ehomestereo.com as a parked site. Or offer him the option to buy the pair for $700. You either get your $700 or you get the offered price and make money off the typos.

 

[VividChoice]

I want to thank everyone for their input. I have seen the bottom and top of this appraisal. I will let everyone know what the final outcome of this offer will be.

-Thanks for your comments

 

[LeeRyder]

alot of good advice in this thread from both camps.

It ultimately boils down to this: Can you stand to lose $55 if he doesnt bite at a higher figure?

And also to note: What would make you more mad, you losing $55 or getting an email from the buyer the next day saying "sucker, I woulda gone as high as $10K!"???

1) People generally make an original offer (if they are businessminded) of 10% of their max + or -.

2) Regular people who just want a personal site (think emily.com or something) have no clue how this works and will give you what they feel is fair.

This is a business domain name, ergo... example 1 goes into play.