closed tgg.eu bid: accept or not?

[Gerrit]

I have a domain tgg.eu that I own since 2 years but never really used (my original purpose was to create subdomains.tgg.eu for my websites, but never did that) and that I was intending on selling later on. Now I was waiting for a really good offer but I hear doomsday stories that .eu is not taking off and losing in value. I still believe it can grow (.us and .info also started slowly but are very respected extentions now) but apparently it is unsure if .eu will be growing.

The current offer I have is 285 euro. I am not sure if I should accept. Maybe I should try to sell it for more to European companies having those initials, or try to auction it, or park it (not sure if much revenue comes from that?) until .eu rises and is worth more money?

How much do you think tgg.eu is worth and if I should sell or not for that 285 euro or not?




NOTE: I thought of writing the companies having initials TGG to see how much they have to offer. Not sure if they could not claim the domain for free because of TM issues?? (even though tgg.com, .net, .org are all parked ... I still wouldn't like to lose the domain for free because of a company claiming it. So not sure if I should email those companies to ask for an offer)

 

[katherine]

The offer is too low. I would look at 500 euros at least.

 

[domain newbie]

counteroffer them with 1000 euro, otherwise hold on~ this is too low, i still think good .eu's are worth holding, thought they not exactly growing

http://www.google.com/trends?q=.eu,+.fr&ctab=0&geo=all&date=all&sort=0

like 800 euro should be okay for any co to pay

 

[mvl]

...

like 800 euro should be okay for any co to pay

I don't think he has an enduser bidding

 

[Gerrit]

I am not sure what you mean with end user. I got the offer from somebody on another domain forum where I also post now and then.

The thing is: I was hoping for at least 400 or 500 or more myself. But then everybody speaks about .eu as if the extention is collapsing and will be worthless soon, so that I would be better off selling now that I still get a decent price for it. I was hoping for more than 285 euro but if the doomsday messages about .eu are true then maybe they would pay me even less in a year's time?



Do you really think a three-character .eu is worth 500 or more?

What would be my best strategy?
- auctioning (but if the rule says you are obliged to sell, then I may risk the highest bid is lower than 285 euro)
- writing to companies whose initials are TGG (but won't they try to get the domain for free out of my hands due to TM issues ?)




So I am not sure how to deal with this. I sold domains before but never had an LLL.eu before that I received offers for. And with .eu I am not sure what to believe: I always thought it had potential, but lot of people fear the extention is slowly dieing... I would love to sell for more than 285 euro, but if the doomsday stories about .eu are true then I may risk to get only lower bids in the future?




Do you guys really think it is worth 500 or more? How would I best go about it?

 

[katherine]

I am not sure what you mean with end user. I got the offer from somebody on another domain forum where I also post now and then.

An end user means a person/business who is buying the domain name for their own use (not for investing/flipping like a domainer).

Do you really think a three-character .eu is worth 500 or more?

First off it's not a three-character, it a three-letter (LLL)

Today there are

Number of registered .eu 2 794 384

(eurid.eu) and the ext is growing (1-2%/month). A lot of names are inactive (redirect, defensive registration etc) but I think LLL can nonetheless find a buyer. Rather than sell at this price I would hold.

 

[domain newbie]

park it at sedo and list for sale- you'll see the real value-maybe end user will approach you with bigger offer, i think it worth at least 700euro

.eu's are not that good at mom but lll.eu's are rare and good for europe companies, why hassle with low $$$ anyways- as long as you dont need small cash asap

 

[Gerrit]

I have two LLL.eu's : vze.eu and tgg.eu

How much do you think I should aim for minimum? I read from many people that .eu is slowly dieing, I am a bit sceptic to believe that though. The 285 euro offer is attractive as my monthly rent is only 280 euro so I'd have a month free renting however I would hate to sell now and find out later that I could have gotten a lot more.




I thought of writing some companies with the characters TGG in their name, I am a bit hesitant though because I would not like them to claim the domains through TM issues (then I would get no cash at all) - even though the .com , .net and .org variant are parked and thus not claimed, so I am not sure if it is risky at all to write to companies if they would be interested in buying the tgg.eu?

 

[Gerrit]

The current bidder refuses to go beyond 300 euro. Anyone interested in a higher bid can contact me within the few hours. I need to decide by tonight if I accept the 300 euro bid, if I put it on Sedo, or if I sell to another interested party should a good offer occur.

 

[9MM]

Ask him to put it into sedo auction for you at 300 euros starting?

 

[Gerrit]

As today is his deadline he may not want to wait for the end of an auction.

If i do the Sedo option I should put 400 euro as minimum price, because with 10% commission for Sedo, I should really not accept anything lower. Otherwise I can just as well take the existing offer.

Ideally I would have a bid of 500 or more at Sedo. But is it realistic, or would I better just accept the 300 and play it safe?

 

[9MM]

Well look at the gap between his offer and what others would easily pay, if it's large, take his offer and stay safe, otherwise save the name. Also your current financial situation can help you for your judgement.

 

[Gerrit]

I'd need at least 450 euro otherwise (given Sedo's 10% commission) the difference would not be worth waiting. If tgg.eu can very likely get 450 or more in a month's time, then it would be worth going to Sedo.

Gonna check my bank statements now

 

[CaleyD]

Listing it on Sedo and hoping for a better offer is the risk you take and probably where your likely to get the best price available in the current market (outwith finding an end-user).

What your basically doing is taking a 30 Euro gamble that your going to get offered more than the 300 you have on the table right now.

I've seen some really crap 3 Character .eu's go for 200+ Euro's on Sedo recently and your leading T followed by the double letter makes this one quite strong IMO and it should easily get in to the upper xxx Euro's range on there.

 

[Fatbat]

Geeze, there's over 2 million results on Google for "tgg"...

The Gibler Group (TGG Home)
TGG & Partners
Tyr-Gwyr-Gweryn
The Great Gatsby by F. Scott Fitzgerald
Temple Global Growth Fund
TGG Custom Painting
The Greatest Game
The Gallaher Group
The Gavel Group
The Garr Group
Tau Gamma Gamma fraternity
TGG Brand Marketing and Design
TGG Crystal (Terbium Gallium Garnet) "[SIZE=-1]TGG is an optimum material for Faraday devices"

[/SIZE] etc. etc. etc.

Some of those are pretty big players. You would be foolish to let this one go for such a small amount. At least look to draw attention to your auction if nothing else. I would seriously hold onto the domain myself.

 

[Gerrit]

I already had called several of those, but the problem is not all of them have European branches and the ones I called were hesitant about buying an .eu. I did call several TGG companies the last days already. i also called a few TGG companies not in the list, a few from Eastern Europe while I figured they may want a .eu to expand their business to the more established EU countries. No luck neither.

In the end I probably accept the bid as I am not really looking forward to renewing again while no end user I contacted made an offer. At Sedo, with the commission included, it could be hard to get a much higher profit in a relatively short time. I am going to auction the other LLL.eu though, hoping to have a decent sum for that as well before it needs to be renewed.