How much would you ask for the accented domain of a 9 figure company? (cybersquatting, domain squatting)

mystralious

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Half a year ago I bought the accented domain of a 9 figure income webshop empire, which is huge all over Europe. I redirected it to one of my ecom sites. A week ago they reached out to me saying:

Hello,
I'm interested in acquiring the domain **á***.hu that is currently held by you.
What would be the price you would like to get for it?
{contact info}

Sounds like they would pay anything for the domain.
Their hungarian legal company name is not in my domain, only their official domain with an accented letter. (their logo is also accented) I have no clue how much I should ask for it without getting sued. I thought about 8200 euro. Does anyone have any experience in this? (I'm not trying to get into cybersquatting, I just want to move on by getting the most out of it and not getting sued.)

(the domain redirects 1000 unique monthly visitors to my site, since they advertise with the accented logo)
 
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tazarbm

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ask for 100,000 EUROS and see what they say.

If they say that it's too much, ask them to make you an offer you can't refuse, and also ask them what they think the domain is worth given that company's background and income levels. And see what they say again.

If they pay you 100,000 EUROS you've hit the jackpot, if they don't pay you, negotiate. But a company that makes 9 figures in income (so, something like google???) could afford paying a few millions of EUROS easily for a domain name they desperately want. So, asking for 100k EUROS is not a big deal for them

EDIT: I think google is a 10-11 figures company, not 9 figures like I initially wrote. My bad. Still ask for 100k, though :)
 

MisterF

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Half a year ago I bought the accented domain of a 9 figure income webshop empire, which is huge all over Europe. I redirected it to one of my ecom sites. A week ago they reached out to me saying:

Hello,
I'm interested in acquiring the domain **á***.hu that is currently held by you.
What would be the price you would like to get for it?
{contact info}

Sounds like they would pay anything for the domain.
Their hungarian legal company name is not in my domain, only their official domain with an accented letter. (their logo is also accented) I have no clue how much I should ask for it without getting sued. I thought about 8200 euro. Does anyone have any experience in this? (I'm not trying to get into cybersquatting, I just want to move on by getting the most out of it and not getting sued.)

(the domain redirects 1000 unique monthly visitors to my site, since they advertise with the accented logo)

Just make sure there's no trademark issue or that you could be seen as misrepresentation by encroaching on a brand name etc.
 

JavascriptPufferfish

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I agree with tazarbm, ask a huge sum if they are as big you say. But be very careful of scammers and imposters too. Make sure to use a escrow service or something similar; don't let them pressure you into the classic "they paid in PayPal and refunded the payment". You own the domain, you are in power, not them.
MisterF also has a point. If the trademark problem comes up, you would do well to consuLt a lawyer
 

rafark

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I agree with tazarbm, ask a huge sum if they are as big you say.
What if that big sum throws them off and makes them turn down whatever offer they were thinking about? Let’s say they were thinking about paying $5k at most, but after seeing the $100,000 offer they lose interest and the op ends up with nothing?
 

JavascriptPufferfish

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What if that big sum throws them off and makes them turn down whatever offer they were thinking about? Let’s say they were thinking about paying $5k at most, but after seeing the $100,000 offer they lose interest?
If they are ready to only pay 5k, they are ready to say "nah man, we were thinking more on the line of 4k". I am going by what OP said about their size. 5k is not even pocket change if what he said is true. If 100k is too much, they may offer 20k.
 

RoiBox

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I have no idea about that company, but I know Amazon paid about $700.000 for the domain amazon.se some years ago when they bought it from the owner.
 
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deathass01

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fully agree with tazarbm, please let us know what happens, this is super interesting man! Good luck on the negotiating
 

rafark

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If they are ready to only pay 5k, they are ready to say "nah man, we were thinking more on the line of 4k". I am going by what OP said about their size. 5k is not even pocket change if what he said is true. If 100k is too much, they may offer 20k.
The thing is, you cannot go by their revenue/value of their company. What matters is the value they see in the domain. If they think it’s not worth more than 5k (it’s just an example) they will not buy it regardless of how much they’re worth as a company. How will they justify spending 100k on a single domain? If they were doing fine until now, chances are it’s not as important to them and a big sum may just make them forget about it, especially if this is not a tech-related/online company.

I’m not trying to be negative or anything, hopefully the op can get as much as possible, I’m just trying to have another perspective.
 
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side-hustle

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If it was me in this situation the first thing id be doing is checking the company for trademarks, as if there are any in place you could well find yourself in very hot water very fast.

Then id reply with something along the lines of.

I didn't purchase the domain with the intent to sell and I've never really thought about selling. Please make me your BEST and final offer.

This statement will do two things.

First, it will sit you in a better position should they try and take legal action against you for either trademark infringement or passing off. It looks like you haven't bought the domain to SELL for profit on their business name!

Secondly, by asking for their offer, you get an idea of the kind of ball mark they are thinking. This way they might come in with an offer much higher than you were willing to accept.

Just my 2 cents worth.
 

JavascriptPufferfish

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What matters is the value they see in the domain
it's not always about value with corpos. Oftentimes is about liabilities. There is a latent PR danger on some random having a domain linked to them. They may not seen gain to be had, but they probably see a danger, and that's why they contacted him. How much they are ready to pay is up to OP to discover.
I’m not trying to be negative or anything, hopefully the op can get as much as possible, I’m just trying to have another perspective.
Didn't come off as negative. And I am not a domain flipping expert or anything, so OP would do well to hear all kinds of opinions.
The trademark danger is real too.
 

mystralious

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Thank you for the tips, i will make a small case study once everything is over. Worst case scenario they don't buy the domain and i get free visitors daily.
 

mystralious

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I sold the domain for €2400. I asked them to transfer the full-amount first, then I will send them domain resignation form. (My lawyer recommended this since I would have no chance collecting the remaining money after sending them the resignation form.) They used this form at their new registrar and succesfully moved the domain. Happy about the results.
 

Covid - 19

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Thank you for the tips, i will make a small case study once everything is over. Worst case scenario they don't buy the domain and i get free visitors daily.
Nah, the worst case scenario is they sue you for IP and you lose 1000 visitors and they get the domain for free.
 

Setox

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I sold the domain for €2400. I asked them to transfer the full-amount first, then I will send them domain resignation form. (My lawyer recommended this since I would have no chance collecting the remaining money after sending them the resignation form.) They used this form at their new registrar and succesfully moved the domain. Happy about the results.
Did you offer them to sell it at $100k ? what was their response ?
 

BigAllenEnergy

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I sold the domain for €2400. I asked them to transfer the full-amount first, then I will send them domain resignation form. (My lawyer recommended this since I would have no chance collecting the remaining money after sending them the resignation form.) They used this form at their new registrar and succesfully moved the domain. Happy about the results.
How did the negotiation go? Did you ask for $100K?

Take us through the process.
 

mystralious

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I didn't ask for €100k, It's not worth that much. They may have a lot of revenue, but that is earned with their other 11 eu webshops included. I preferred avoiding court and drama too since it was kinda their name legally. This is not my main income source, but not bad money from €6 to €2400 with just a couple emails. They probably would have said yes for a few thousand extra too but idc. I'm now inspired to list and sell my other brandable domains too.
 

renelavan

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Pass the ball man.. Ask them how much would they pay, and then you will see what game they are playing
 
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