OzDomainer
New Member
I have been getting more an more offers to buy my .IN names over the past few months.
Most of the offers have not even been worth my efforts in replying to the emails as they were so low its just not funny.
If you have good generic names and you don't need the money then hang on to the name until the right offer comes along. If you sell to cheap then not only are you doing yourself a disservice, but you are also not helping the .IN community as a whole as this puts in buyers minds that .IN names are cheap!
It is early days for the .IN market place and I believe we are 2-5 years away from seeing the major change that is coming for the growth and popularity of the .IN extension.
If you read any of Rick Schwartz's blog post http://www.ricksblog.com then you will know he does not just sell his names to the first person that makes him a decent offer. Now I know we can't compare his names to most of our names, but the principals are the same whether its a $2000 name or a $200,000 name.
I had an offer emailed to me by someone wanting to buy http://www.envelopes.in off me (which I have owned for over 2 years), they proceeded to tell me that they wanted to develop a website selling envelopes and that they would like to buy the name from me. They offered me US$500 for the domain.
Now in my books that is a low ball offer for a domain name that defines a product category and I countered with a fixed price of US$2500.
That was 2 days ago and I have not had a reply back from them, what a surprise!!
In a few years time I will look back and say "what was I thinking" offering that name for such a low price, but thats where it comes back to not selling your names if you don't need to. I can understand if selling the domain meant the difference between eating or not eating that you would sell but if you have any long term vision of how valuable your generic names will be in several years time you wont sell for low ball prices.
I am interested to hear others thoughts on this and what they are doing in this area regarding selling their names.
Cheers
Ed Keay-Smith
www.OzDomainer.com
Most of the offers have not even been worth my efforts in replying to the emails as they were so low its just not funny.
If you have good generic names and you don't need the money then hang on to the name until the right offer comes along. If you sell to cheap then not only are you doing yourself a disservice, but you are also not helping the .IN community as a whole as this puts in buyers minds that .IN names are cheap!
It is early days for the .IN market place and I believe we are 2-5 years away from seeing the major change that is coming for the growth and popularity of the .IN extension.
If you read any of Rick Schwartz's blog post http://www.ricksblog.com then you will know he does not just sell his names to the first person that makes him a decent offer. Now I know we can't compare his names to most of our names, but the principals are the same whether its a $2000 name or a $200,000 name.
I had an offer emailed to me by someone wanting to buy http://www.envelopes.in off me (which I have owned for over 2 years), they proceeded to tell me that they wanted to develop a website selling envelopes and that they would like to buy the name from me. They offered me US$500 for the domain.
Now in my books that is a low ball offer for a domain name that defines a product category and I countered with a fixed price of US$2500.
That was 2 days ago and I have not had a reply back from them, what a surprise!!
In a few years time I will look back and say "what was I thinking" offering that name for such a low price, but thats where it comes back to not selling your names if you don't need to. I can understand if selling the domain meant the difference between eating or not eating that you would sell but if you have any long term vision of how valuable your generic names will be in several years time you wont sell for low ball prices.
I am interested to hear others thoughts on this and what they are doing in this area regarding selling their names.
Cheers
Ed Keay-Smith
www.OzDomainer.com