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Thread: Is coolassist.com worth $400 or ????

  1. #1
    cssi.us is offline Email Server Guy
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    Is coolassist.com worth $400 or ????

    I got an out of the blue offer for a domain I manage.

    The offer was $400 for coolassist.com

    The domain owner thinks is worth a lot more. How much? he just says I lot more.
    He domain is not in use, was purchased for project year(s) ago, but nothing done on that project.
    I think he should take the $400.

    What do you think it is worth?
    Would you try to negotiate higher?
    What do you really think it is worth?

  2. #2
    DomainMagnate's Avatar
    DomainMagnate is offline Super-Duper Moderator
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    It's not about how much it's worth (reg fee for that matter), but about how much the buyer is ready to pay.

    1. try to figure who the buyer is and why he wants the domain
    2. think how much he might be ready to pay and counter with around that amount

    btw, I wouldn't post the domain here openly.. the buyer can find the thread easily now by just googling it.

  3. #3
    DotComBum's Avatar
    DotComBum is offline Experienced Net Builder
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    I would rather put it up for auction if the offer is just $400, you may ask for a higher price from him, if it's failed, just put it up for auction with the reserve price of $400, since you're offered that amount for it, good luck with the sale!

  4. #4
    DomainMagnate's Avatar
    DomainMagnate is offline Super-Duper Moderator
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    Actually it's very unlikely that anyone else would be interested in the domain, so probably won't be any more bidders in the auction.. Just negotiate for more $$ and close the deal quickly. If you do an auction he might also change his mind, saw that happen a few times

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    bogart (28 September, 2009), Kovich (28 September, 2009)

  6. #5
    pankaj's Avatar
    pankaj is offline Newbie Net Builder
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    Quote Originally Posted by DomainMagnate View Post
    Actually it's very unlikely that anyone else would be interested in the domain, so probably won't be any more bidders in the auction.. Just negotiate for more $$ and close the deal quickly. If you do an auction he might also change his mind, saw that happen a few times
    I agree with you. This happened to me too.

  7. #6
    bogart's Avatar
    bogart is offline Super Moderator
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    $400 is a nice chunk of change for a domain that you no longer need.

  8. #7
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    TopDogger is offline Über Hund
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    A lot of domain owners think their domain names are worth much more than they are in reality.

    A domain name is worth what someone is willing to pay for it.

    You can try to get the buyer to pay more. Just tell him that the owner thinks it is worth more and ask him if he has a better offer.

    Personally, I think your advice is correct. The owner should consider taking the offer, but watch out for scams. If the buyer wants the owner to pay for a domain appraisal, just walk away from the deal. It is likely a scam.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


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    bogart (28 September, 2009), pankaj (29 September, 2009)

  10. #8
    ChrisFletcher's Avatar
    ChrisFletcher is offline Newbie Net Builder
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    I had this one word domain that I purchased for $20. It was a pr4 domain allegedly when the sale was made.As it was initial days in DP, i did not care to check the PR and later I knew that it was forged PR.

    So, I just kept it with me and did not use it for months.

    8-9 months later I get a mail offering to buy the domain.

    The Interesting part was the guy had contacted me with a domain that was almost similar to that of mine with just one change. o -> e.

    So, I though i would get some more money than i expected out of an auction for the same domain in DP a couple of days back.

    I though 20-25 $ would be good , but did not want to ask myself.So, i just asked him to tell how much he is willing to pay.

    I got the reply. - $500.

    He said we will do the transaction via Escrow.
    I said No.

    I transferred the domain to him and got paid $500 - $20 (paypal fee).

    I though it was just worth the paypal fee.

  11. #9
    flint33 is offline Unknown Net Builder
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    Chris, that's a good story of basically an ideal situation - when you don't have to spend any time looking for a buyer and when you get much much more money for it than you thought it's worth (and much more than you spent to buy it.) As for the OP's question, I would definitely sell it. If the domain owner has no plans for it then it's worth nothing to him. Tell him to think about how much work and time it would take him to earn $400 with that domain. It would probably take him very many hours, maybe days or weeks or months, and a lot of effort. On the other hand, he could get that $400 with very little effort - just by saying "Yes."

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    Quote Originally Posted by Freshide View Post
    I bid $800
    LOL

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