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).
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.
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?
Bob writes back:
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:
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…
And my response:
IMO, WTF? LOL
– BSD (CEO)