Heaton

Just yesterday, I found two domain names that a client of mine would like to use for his business web site. Each are accessible and "parked" at Sedo with a "minimum bid" listed on the pages. One particular is a .com and the other is a .biz (diverse names for ...

When purchasing a domain name you must figure out what you are willing to spend Before you start the negotiations. I consider this is an clear "rule" but I have to remind myself of this every single time I try to acquire a new domain name.

Just yesterday, I discovered two domain names that a client of mine would like to use for his organization site. Each are accessible and "parked" at Sedo with a "minimum bid" listed on the pages. One is a .com and the other is a .biz (distinct names for each and every).

I submitted a bid for the .com extension at the recommended minimum bid amount and the seller responded with a nice e mail accepting the offer and we are going to buy this domain (this is how it is supposed to perform, appropriate?). Could the seller have held out for far more? Perhaps... but he was guaranteed a sale with my supply today and who knows how lengthy it would take to discover one more purchaser for a lot more income, appropriate?

For the .biz domain name I did the exact same factor. I submitted an offer you for the minimum bid amount (preserve in mind that based on my expertise of .biz values the provide we submitted was more than fair). The response came back with a counter-provide that was 15 instances larger than the recommended minimum bid amount! I did respond back to the seller with a slightly larger bid (which is the upper limit for what this .biz domain should sell for primarily based on existing .biz sales) and stated this was my final supply and that if they wanted to sell today I would spend this quantity. I doubt they will even respond back to me. To me this is just poor organization... if you want big $$$$$ (note the quantity of digits they wanted) for a domain name you ought to price tag it accordingly upfront and not attempt to "bait" purchasers in hopes they will attempt to "win" the obtain following you get them started bidding. ssl

The point of this story is... do some research and uncover out the value of a domain name primarily based on current/related sales (reference my post on Domain Sales - Year to date information 2006 plus all-year data for 2005 and 2004 Then, decide for your self the maximum YOU are prepared to spend for the domain. If a seller pulls the "bait" method I would stroll away and discover a distinct domain name to buy.