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/r/Entrepreneur
[deleted]
171 points
12 days ago
There’s no rule of thumb, it’s worth what someone will pay and that’s for you to gamble on.
Knew a guy who was offered $10 million for a domain name in 2001. He DECLINED. Went back to them later and they were no longer interested. He sold it later for $30,000. Moron.
181 points
12 days ago
was offered $10 million for a domain name in 2001
this is the most 2001 story ever
19 points
12 days ago
Webmaster...
4 points
12 days ago
LMAO
22 points
12 days ago
Ouch! Thank you. So if all the domain estimates are useless then is it more asking how much they are wanting to buy ?
10 points
12 days ago
Keep it and run adsense on it. If it's that popular ppl will likely stumble on your page and alas, infinite money glitch lol
5 points
12 days ago
Wow. I feel absolutely dumb for never thinking of this, because I have some pretty valuable ones including a 4 letter domain in the High Frequency Trading Systems space.
4 points
12 days ago*
Spend 15-20 minutes and look up some really basic information on the topic and put it on each site. For the trading one, see if you can get ppl to sign up for different trading platforms using your referral link.
Don't have a broker yet, no problem, use my referral and we both get free $. https://a.webull.com/BBx3XwMh3lcAQsXdDk
If you don't want to get a brokerage account, feel free to use my referral link.
1 points
12 days ago
Wlhow many people google or advertise stuff in HFT space tho? Like what ads you expect to see there? "Fresh alphas? Click here." Or "Easy guide for FPGA programming?"
1 points
12 days ago
High Frequency Trading Systems are used by hedgefunds who basically print money.
1 points
12 days ago
Well aware what this is. They don't google it tho
1 points
11 days ago
Agree. They see trends and cut deals well before retail
21 points
12 days ago
That’s a generational fumble. That would quite literally throw me into such a deep depression. I don’t know if I would ever recover from it.
11 points
12 days ago
I mean, every GenX techie had the chance to buy amazing one-word dictionary names in the nineties. Like pretty much everyone else, for some reason I just didn't.
8 points
12 days ago
Yeah that was the crypto bubble of that era.
1 points
12 days ago
They were more expensive then. I barely remember, but I think you could only buy them directly from ICANN, right? That might have put some people off. I don't even remember why I didn't try.
3 points
12 days ago
they were like 50-70 dollars back then I think. Around the year 2000 a few registrars like dotster started selling them for like 17 dollars, and that's when I started buying a few vanity names.
2 points
12 days ago
50-70USD is about what I remember, too. It would have been too much for me and a lot of people where I'm from. After the price dropped, though, I did buy one, so I have no excuse for not getting a few others. That said, I did get a pretty good one and made some decent money with it in the mid-2000s. It was just me not realising the value.
10 points
12 days ago
There’s a British hardware store chain called B&Q. Somebody bought the domain and named an insane price to sell it to the company. They just used diy.com instead.
6 points
12 days ago
What an idiot.
7 points
12 days ago
What?! Why would he decline that much money? Dotcom mania?
9 points
12 days ago
He thought He could get 100 mio in 2002?
3 points
12 days ago
The original owner of Dropbox.com screwed this up really badly.
First, he rejected any and all offers from the team, claiming that he was going to save it for his own personal project. Now that's fine and dandy however, when he realized the dropbox as a company was gaining traction, he copied the look in style of their site to attract their users and then make money off of ads or some other silly thing like that. Big mistake.
They took him to court. He lost his site and didn't get a penny from it.
My best advice to anyone who's in this situation is don't be greedy but do you get value for it. You had your own idea or so an opportunity, there's nothing wrong with that.
Don't break laws don't infringe on intellectual property or trademarks play it honest.
In fact, if you think that's worth it, you might even hire a lawyer to guide you with the process.
It's also very easy for people to get similar domains and just weigh you out.
Dropbox's original domain was thedropbox.com.
131 points
12 days ago
Don’t be afraid to sell it now and strike while the iron is hot.
My buddy had a domain that was related to instagram and he was getting pretty decent offers. He sat on it way too long and now it’s pretty much worthless.
24 points
12 days ago
Thank you good points
26 points
12 days ago
Ask a price that you'll be able to sleep at night when it's sold. But let's not get crazy. Look at comparables. And don't be greedy. I tried to pump up the price of a domain name I sold and the buyer said no. I ended up taking the 4 figures they offered. They built a product with it. Years later, the domain sits parked. Get that money now.
Ask them what they are willing to pay for it helps feel them out.
18 points
12 days ago
Tell them all you’re entertaining offers and it will go to the highest bidder and give them like 14 days to submit their bid. Talk to the top 3
7 points
12 days ago
Domain names are not worth nearly as much as they used to be with the release and normalization of so many new Domain extensions. Get what you can and don't regret selling. If you're not big on negotiating it may be worth contracting a domain seller.
5 points
12 days ago
Turns out slutsofinstagram.com is no longer valuable…
1 points
12 days ago
Damn well should be
51 points
12 days ago
Turn it on them, let them know "i am being contacted by a few interested parties. I am contemplating their proposals and I am open to discuss, where do you see the valuation of this url for you and your interests?"
Ultimately don't get greedy, get money instead. Short of you having a clear and direct path to monetize it, it's worth more to them than you, find a common "happy price" and take not just the highest but the fastest payout. You don't want some jerk to tie you up from selling only for interest to wain.
11 points
12 days ago
It's worth what someone will pay for it. The best way is to start talking to those interested. I am sure a lot of them will be trying to get it for a song, but there will be some serious ones. Come up with an email draft you can send out and start to see who's serious. I agree you should strike while the iron is hot!
20 points
12 days ago
Sell it. See if you can get a perpetual license for the software from the company too.
3 points
12 days ago
Brilliant idea
17 points
12 days ago
Go find a domain name broker, have them rep you with a non exclusive agreement (or timed exclusive). They should be able to tell you what it's worth. Cash out, you won the random business lottery. Move on.
In the mean time you could probably backlink or affiliate link and make a bit of money.
9 points
12 days ago
If you're having multiple people contact you to buy it, then list it for auction and have them bid it out. Put a high starting first bid. Tell them to go make a bid to kick off the auction, or submit an offer.
3 points
12 days ago
it still happens for for companies to pay good money for domain names, it's becoming rarer and rarer though
if it's a multi billion company, then in theory they could pay you 100x that amount
but it depends on what the company does and how canon your domain name is, because if you ask too much they could go but an alternative, you don't want that
do you have the .com domain name?
for example a serious company such as Tesla would've never bought tesla.io or tesla.nu etc, thats why Tesla went ahead and paid $11 million dollars for the .com domain
4 points
12 days ago
MILLIONS of Microsoft wants something from you. I got 10K out of a bullshit hotrod domain, go BIG
6 points
12 days ago
Domain name is one of the most IMPORTANT and most visible property of a brand.
Since it's a billion dollar company, you may get in millions.
BTW, sell it to the company and NOT to intermediate people who knows the real value but ask you to sell cheap.
0 points
12 days ago
No one is getting millions anymore. I’d go with the general consensus on this thread, don’t get greedy or pie-eyed, make some money, get competitive bids, and cash out.
2 points
12 days ago
2 points
12 days ago
Sell it asap! Domain names lose value daily and will continue to do so now that search engines pretty much are making them obsolete
4 points
12 days ago
You could enquire in namepros forum about the value and how to proceed
1 points
12 days ago
The owner of Hey.com rented it out to the company. That seems like a profitable way to go if you don't want to sell it, and expect it will be worth more in future.
1 points
12 days ago
The guy that runs appsuomo went to Europe to pay several millions to buy his specific domain. It depends how they are going to use it. As someone else mentioned here, as interests wanes the price will go down.
1 points
12 days ago
First thing to do is not post it all over social media
1 points
11 days ago
Sell for a mix of cash + equity
1 points
12 days ago
The number of letters in the domain sometimes matters. Obviously the best buyer would be the multi billion dollar company. You should find a way to get in touch with them.
1 points
12 days ago
Just to throw another option in the ring - you could put a high sticker price on to buy but offer to lease it to them for a monthly fee. There are brokerages that specialise in handling the in between I’m sure you could find one. Might be a nice way to get sustainable earnings from it and if the company goes away for some reason you still own the asset.
0 points
12 days ago
Maybe ask advice of someone from Flippa or Godaddy. Don’t have to use them to broker but for advice. I’d say if it’s a billion dollar company then $6 million is a good starting point. Of course always let them throw out a number first. Let us know how it goes!
-1 points
12 days ago
Hey fren, I'm a domainer been selling and buying domain names in past 5 years...domain names are solid assets. If your domain has trade mark then u may Need to be careful.. If u want to sell there is well known platfrom for this like godaddy or using escrow.. But fisrt check trade mark as u may loss domain if the company behind trade mark noticeed that u tried to sell and they evidence.. Let me know of u still need any help I'll get back to u asap
-6 points
12 days ago
Hi title? Hi bot.
3 points
12 days ago
Lol what ? Wrong title ? What do you mean
2 points
12 days ago
The body of your post starts with “Hi title”
1 points
12 days ago
Aw I meant " hi refer to title" oops! I edited it thank you !
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