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October 24, 2008
Fun with domain sellers
Occasionally, it's good to take a break from talking about streaming media recording solutions. Here's a story of something we encounter more often than you think.
Every once in a while, we get people with marginally valuable domain names to sell contacting us and asking for an excessive amount of money. Here's one guy with a somewhat relevant three letter domain we had some fun with. (The domain name and author's name have been changed).
"Bob" wrote:
Hi Bill,We own site XYZ.com and were looking to sell it.
We would much rather sell it - previously we were entertaining offers in the high 5 figures - let me know your highest bid and maybe we can work something out.
Thanks
Bob
My reply:
Hi Bob - Your site and domain will require a lot of work. Google says you have 1 outside link, and a 2 page rank for the home page, and your Alexa rank is 600,000+, which means you have very little traffic. If you were me, how would you justify a 5 figure price were I to present this to my partners? Thanks, Bill
Bob writes back:
Hi Bill,It all comes down to supply and demand - we are only interested in getting the current market value.
eg. a similar 3 letter domain sold for $195,000 last week => MCC.com
See the link below:
http://www.dnjournal.com/domainsales.htm
In my opinion, XYZ.com is a much higher quality domain with much more potential...
Try searching XYZ vs MCC on google.com it generate results for 62,100,000
"Results 1 - 10 of about 62,100,000 for xyz. (0.05 seconds) "The XYZ.com domain is clearly more valuable than other simple 3 Letter dot com domains e.g. MCC.com
With the right promotion & development this domain can easily be turned into an 8 figure/year operation.
Due to the current economic situation, I would be willing to let it go for under $195,000 - but it must be a competitive offer...
Thanks
Bob
And my response:
BOB -IMO, WTF? LOL
- BSD (CEO)
Posted by Bill Dettering at October 24, 2008 12:00 PM | Technorati Tags: domain name sellers
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Comments
Very interesting! I guess these guys just don't get it. The present market situation doesn't faze them one bit. I plan, by the way, to do a follow-up on my last two pieces, and your story fits right in with the high-rollers' mentality, be they on Wall Street or the Silicon Valley.
Posted by: Roger Nowosielski at November 1, 2008 07:20 PM