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Buying a domain, what's a good price?

Discussion in 'Domain Names & Parking' started by mike719, Apr 11, 2013.

  1. mike719

    mike719 Newbie

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    Hey, I'm thinking of acquiring a taken domain name and I never bought one before that was unavailable. The domain I want has estibot saying it's worth 740. My question is... if anyone has experience with making offering for domains, do you usually end up paying close to that amount? What percent of that amount would be a good starting bid? I was thinking of bidding 500, does that sound like a reasonable offer?

    The domain is an exact match for a keyword with over 500k monthly global searches, but it's 3 words and 15 characters (without the extension).

    Any expert opinions/advice would be appreciated!

    Thanks,
    Mike
     
  2. ron.ray

    ron.ray Jr. VIP Jr. VIP Premium Member

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    500 sounds way to much, most offers doesn't come close to these estimates...
    how old is the domain? does it have a good backlink profile?
     
  3. mike719

    mike719 Newbie

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    It's 3 years old, no backlinks because it was never a website, just the domain. Glad to hear 500 sounds like too much though, don't want to fork over that much. What is a reasonable starting offer? 100?
     
  4. JFoulds

    JFoulds Power Member

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    Base your price on the current owner, not the domain worth.
    If it's owned by someone who's running a personal blog, offer them $100 and they'll probably be ecstatic, if it's an internet marketer with an affiliate site earning $20/month, offer him $200, if it's someone with an extensive domain portfolio who knows what they're doing...good luck.
     
  5. mike719

    mike719 Newbie

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    It just has one of those static pages with sponsored listings and related searches, probably making a couple dollars from ads. But my hunch is that it's someone who owns many domains for resale purposes.
     
  6. danailo

    danailo Senior Member

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    I am not an expert but I know from a few friends that domains price could be very specif. It is kind of gamble if you ask me. The best deal I know is $2500 for a $10 domain bought a few month before the sale.
     
  7. JFoulds

    JFoulds Power Member

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    Say you're interested, try and persuade them to offer it at a price first, then undercut whatever they suggest by whatever you think is reasonable, barter up from there.
     
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  8. mike719

    mike719 Newbie

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    This sounds good to me, as long as they are willing to give a starting price. I want to avoid shooting myself in the foot by offering too much as a starting point.
     
  9. mike007

    mike007 Regular Member

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    Is it a .com domain name or other extension? Looking at 500K exact global monthly searches and estibot estimate of $740, I doubt it is a .com domain name.

    The estimated domain value from estibot is merely a guide. You should also look at the exact monthly searches, search trend, commercial value, branding potential as well as previous domain sales transactions for similar domains.

    The static page that you see there might be just a domain parking page. From there, you can see whether the domain name is listed for sale? If yes, then you can see roughly how much the owner is aiming for that domain. If the domain name is not listed for sale, then you can check the previous sales transactions for similar domains to set a cap for the price. You may start to offer him for example $100 and see how the owner respond.
     
  10. roach

    roach BANNED BANNED

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    the only domains I purchase are 5 dollars and under, and yes they all rank on google after some hard work. If you want to waste your money have at it.
     
  11. mike007

    mike007 Regular Member

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    People buying and selling domain for different purposes. Wasting money is definitely NOT one of them.

    Certain people invest lots of money in domain names in order to build a site for real business (both online and offline business), to build authority websites or even just for investing purpose (future appreciation in domain values).
     
  12. LakeForest

    LakeForest Supreme Member

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    Whenever I name a price and someone does that "undercut" nonsense to an extreme, thinking it's how negotiations work, I walk away. It's also fun to make someone rethink their entire approach to negotiating when I say, for example, $10, they say $4, I say "Sorry, I can't do that", then they say "ok, $7", then I laugh and just say "I won't do that", but I offer my service in a limited capacity to meet their price, but they almost never accept it, they want full service at their discount price. Tragic.

    Too many people doing any business online are essentially trying to steal from you instead of treating you as an equal. Business isn't charity, and not everyone is desperate for your money, Mr. Bigshot. Do not waste people's time with stupid offers, or they will string you along and make you waste yours.

    It's also so uncomfortable when someone says they have a budget, but won't say a number. It's like they're scared.

    Do your research on domains with similar metrics sold on large markets and present that information, or parts of it, as leverage.

    OP, were you really looking to bid, or were you looking for an effective price to sell your domain at? Almost no one buys domains at $500 in 2013. $5000, maybe, $50, sure, $500 is someone still trying to be a domainer and make a profit on shill instead actual value(*though this is not always the case* disclaimer).

    Reg Fee is ~$11(ew), so even at $50 your ROI is like 450%...greedy domainers.

    If both parties don't come out of the negotiation slightly unhappy, it was an unsuccessful negotiation where someone was taken advantage of.

    edit: lol mike007 and mike719 in the same thread, registered a year between the accounts. You guys should carpool.
     
  13. mike719

    mike719 Newbie

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    Yes, it is a . c0|\/|. I can only guess that estibot was low because it's a 15 character domain name (without the extension). LakeForest, you sound like you know what you're talking about. If I PM you the domain name, can you tell me what you think? I can't do 5000 but I'm sure it's worth more than 50.

    Edit: Sorry I couldn't post thecom