SELL a Domain Name
BUY a Domain Name
Is the domain name price really ridiculous?
I got a reply from an interested buyer of one of my domain names saying that the price I quoted was ridiculous.
Is the quoted domain name price really ridiculous? How does the buyer know?
Does he/she know more than the domain name owner? Unless you the buyer is working with domain names everyday then no.
And even if you have experience in the domain name business then you donít know enough about a certain domain name. I recently refused to comment on an offer a fellow domainer received because I simply didnít have enough data to do so.
So you think the price is ridiculous? Ridiculous compared to what?
Are you comparing a domain name registered in 1997 with a free to register domain name at GoDaddy?
Is the price ridiculous compared to your budget? To what you want to use it for?
Anyway here are 5 tips to potential buyers:
1. Domain names donít cost $10. Period. That is the renewal rate, if you have a .com, .org, .info and a few other extensions. These days some new extensions are renewed for $50, $200 or even $3,000 or more per year. An simple escrow transaction that protects the seller and the buyer in an acquisition has a cost of several hundred dollars up to thousands depending on the domain price. Add to that wire transfer fees, currency conversion and other related expenses and you get idea of a domain name transaction cost.
I inquired about a 1 word .com last week and the owner told me he had paid more than what I was offering him which was $15,000. I searched online and found out that he had paid $60k in an auction in 2006! That shows that I even someone that works with domain names daily for the past 15 years canít know everything and I certainly donít know more than a domain name owner.
Reprinted from an OnlineDomain .com article
WeSell-Domains.com is a KlickTheWeb.com company.
|Be a Reseller of Domains & Hosting|