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I Received a $4,000 Offer for a Domain Name - Newbie Looking for Advice Please

Hozzyj

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Jun 15, 2018
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Hello! I hope this is the right spot to post this.

I purchased a domain name for $50 and just received an offer for $4,000 USD.

It's a marketable domain (single word, meaningful & relevant term) in a profitable niche.

I have plans to use the domain in the future. I'm trying to see how much they will offer. Any negotiation tactics are appreciated.
 

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spreng

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do you know why they want it?

There are several things that will affect your negotiating power:
-Their need: is this domain their brand name? Is it a well-funded business
-what plans do they have for it?
-could they just choose a different domain name for 8.99?

I'd probably just take it if you don't know anything about them.
 

Jake

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From past experience it may be wise just to take the money..

But as spreng said you should understand why they want it. Most likely it is replaceable. A bird in the hand sort of thing.
 
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Hozzyj

Hozzyj

New Contributor
Jun 15, 2018
10
5
15
do you know why they want it?

There are several things that will affect your negotiating power:
-Their need: is this domain their brand name? Is it a well-funded business
-what plans do they have for it?
-could they just choose a different domain name for 8.99?

I'd probably just take it if you don't know anything about them.
I don't know what they want it.

They're using a broker through a private service.

I could make assumptions on why they'd want it but don't know for sure. Domain name would be perfect for the supplement space.

I suppose they could get another domain. Not sure if there are other domains close to mine that would be suitable for them though... or at what price those could be had.
 

SD Entrepreneur

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Jul 12, 2019
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San Diego, CA
Hello! I hope this is the right spot to post this.

I purchased a domain name for $50 and just received an offer for $4,000 USD.

It's a marketable domain (single word, meaningful & relevant term) in a profitable niche.

I have plans to use the domain in the future. I'm trying to see how much they will offer. Any negotiation tactics are appreciated.
Turning $50 to $4000 is a great return. Even if you ask them how they are using it or what it is for you might not get a truthful answer. I would throw out a higher price and see if they are willing to go up (that was just their starting offer). If they seem very firm then you can make the decision but they might have a higher budget than the 4k. As other poster mentioned, if you could use that 4k for your idea and can go with a different domain I would sell!
 
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Hozzyj

Hozzyj

New Contributor
Jun 15, 2018
10
5
15
Turning $50 to $4000 is a great return. Even if you ask them how they are using it or what it is for you might not get a truthful answer. I would throw out a higher price and see if they are willing to go up (that was just their starting offer). If they seem very firm then you can make the decision but they might have a higher budget than the 4k. As other poster mentioned, if you could use that 4k for your idea and can go with a different domain I would sell!
I'm thinking they have a higher budget for sure. Also, I have a hunch I know the company making the offer. If I'm right, they registered the trade mark which happens to be exactly the same term as my domain.
 
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Hozzyj

Hozzyj

New Contributor
Jun 15, 2018
10
5
15
From past experience it may be wise just to take the money..

But as spreng said you should understand why they want it. Most likely it is replaceable. A bird in the hand sort of thing.
I think I know why they want it now. They have a supplement with the exact name as my domain and filed a trade mark with the same.

Edit: that is if my hunch is correct about the company making the offer.
 

Charnell

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exact name as my domain and filed a trade mark with the same.
Not really knowing ALL the details, I would sell it after negotiations. If you're not doing anything with it they could try to just take it on grounds of cybersquatting.
 

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SteveO

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Just throw out a number.... like 10-12 grand or something... see how they respond. You could still use it in the future if they head another direction and don't take your counter.

It really depends on your desperation level. But you could sell the same product as them while perhaps drawing some of their traffic.

My negotiation tactic..... Whoever wants it the most loses...

+1 for the score!
 

Jaden Jones

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What happened with this? How much did you get?
 

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