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How much is a similar sounding domain worth?
I want to buy all misspellings of my site name and hit an obstacle...
asp4bunnies




msg:689688
 5:51 pm on Sep 2, 2005 (gmt 0)

Let's pretend I'm about to launch a company called Example.com (which is a nonsense word). I have a fairly good idea that it will be succesful and want to make sure that all similar sounding names have already been snatched up, so squatters won't take it in the future.

What I find in doing my research is that there's a website already registered called <snip> Example%.com. It's sitting blank and is obviously not in use. Example% is also a nonsense word.

After contacting the webmaster who owns googke asking him if I could buy it, he says "it's not for sale, unless you pay $25,000" I wasn't really interested in spending more than a $1000 on a domain I'm not using, just trying to keep off the market.

I don't understand his reasoning...
a) it's not in use
b) it will never get any type-in traffic (until I launch) and
c) he has no idea that I'm launching a similar sounding brand soon.

How much would you pay for an alternate url in the same situation? What do you do when someone makes a ridiculous price demand like that? Or is it not ridiculous?

[edited by: Webwork at 8:25 pm (utc) on Sep. 2, 2005]
[edit reason] Funny how made up words sit on PPC pages [/edit]

 

Webwork




msg:689689
 6:07 pm on Sep 2, 2005 (gmt 0)

I wouldn't give it a second thought. Let him/her keep it.

File for a trademark of your made up word or product or business name and then fire up your business.

If some traffic gets misrouted to wordx so be it. That's just the way of the world. People interested in your site, who mis-type, will quickly exit and find their way to you.

As long as there's blood (money) there will be leeches or parasites or opportunistic feeders. The great adventurers never would have gotten anywhere if they stopped to kill every mosquito and drain every swamp along the way. Mosquitos and swamps are simply the burdens of great adventures.

At some point in time, if your website becomes a big thing, then you might make use of your trademark rights. There may be issues. Just do the best you can.

Webwork




msg:689690
 6:16 pm on Sep 2, 2005 (gmt 0)

Version 2 of an answer.

Domainers who register specialty names can be some of the nuttiest domain speculators. Unless they're real pros they tend to suffer from some of the worst cases of "domain lottery ticket mentality".

The problem with made up domains is that there's no realist way of putting a value on GumthwackDiddilyDoBopDoBop.tld.

If you, the buyer, just has to have it then the seller has you over a barrel.

I'd walk away and let 'em eat his domain. The only limit there is to "creative domains" are the limits of the letters in the alphabet (plus some numbers).

Laker




msg:689691
 7:19 pm on Sep 2, 2005 (gmt 0)

After contacting the webmaster who owns Example% asking him if I could buy it, <snip> ... I wasn't really interested in spending more than a $1000 on a domain I'm not using...

Did you actually make your offer of $1,000?

[edited by: Webwork at 8:27 pm (utc) on Sep. 2, 2005]
[edit reason] Snipped that darned real made up word on the PPC page [/edit]

gpmgroup




msg:689692
 7:34 pm on Sep 2, 2005 (gmt 0)

The great adventurers never would have gotten anywhere if they stopped to kill every mosquito and drain every swamp along the way. Mosquitos and swamps are simply the burdens of great adventures.

Beautifully put! :) One to think of when the Mosquitoes are biting ;)

econman




msg:689693
 7:37 pm on Sep 2, 2005 (gmt 0)

If it is simply a made-up word, his asking price greatly exceeds the market value; just walk away.

Be sure to register your made-up word in all of the major TLDs, (.net, .org, .info, .biz, .us at a minimum). This is a more important problem them misspelling, and one that can be cheaply handled at this stage.

If and when you register a trademark, you will have additional protection from squatters, but in the meantime the smart thing to do is to register lots of domains that will surround your new property, and hope things go well enough that the cost of renewals isn't a significant concern.

asp4bunnies




msg:689694
 8:46 pm on Sep 2, 2005 (gmt 0)

Did you actually make your offer of $1,000?

Yes. After he said $25,000, I said my max budget is $1000 for this.

This is not just a typo possibility. This is also an audio-error possibility. If my domain is mentioned on the radio for instance, there's a good likelihood that a LOT of people will misunderstand what has been said and go to his site.

The error is a difference between the letter m and n, which sound like each other, look like each other and are located closely to each other on the keyboard.

I.e. an example might be "Bruhan.com" and
Bruham.com" (Mod: I checked these and they both don't exist).

It's not just a slight typo that one or two people will make. I wouldn't mind that as much. This is worth $1000 to me.

hmpphf




msg:689695
 9:54 pm on Sep 2, 2005 (gmt 0)

The seller legally own their domain name that sits in their portfolio earning more than the reg fee every year.

Someone comes along and says they would like to buy it, it's not an important buy, but it's worth $1,000 "to protect another domain investment".

From the seller's point of view, it could be that their domain is the hot property, not the other mythical domain that you own. You could just be using that as a bargaining ploy.

Your best chance is to make a final offer of $1,000, no haggling, open for 14 days, after which you will walk away. It's the best offer they'll ever get for it.

Finally, for those who think that domain name speculators and people who park domains are swamp dwellers, and that your glorious plans for website development are the only ones with credibility, then I need to tell you something. You're wrong.

asp4bunnies




msg:689696
 10:58 pm on Sep 2, 2005 (gmt 0)

No, I certainly don't think that. I just think that this guy happened to register the domain name for a website he wanted to make and then decided against and now has it sitting, earning and doing nothing.

I just don't understand why he wouldn't unload it. I do like your 2 week time limit though.

voltrader




msg:689697
 4:38 am on Sep 3, 2005 (gmt 0)

No, I certainly don't think that. I just think that this guy happened to register the domain name for a website he wanted to make and then decided against and now has it sitting, earning and doing nothing.

I just don't understand why he wouldn't unload it. I do like your 2 week time limit though.

He doesn't think $1k is alot of money and it'll cost him another $8 to wait another year

I've had many similar responses -- It certainly is nutty out there... good luck.

rsequin




msg:689698
 3:08 am on Sep 4, 2005 (gmt 0)

Boo hoo. Somebody thought of my business idea before me and now they won't see things my way...damn cybersquatters.

Honestly, if you build a successful business THEN try to buy the domain, the other guy will type in your domain and see just how successful the correct spelling is and the price will go up.

If you are successful and he starts to see type in traffic and can monetize it say by making a couple bucks a day, the price will go EVEN higher.

Roll the dice. I'd say invest in your core business then ramp up the marketing budget which will include buying related domain names.

asp4bunnies




msg:689699
 11:26 pm on Sep 4, 2005 (gmt 0)

Boo hoo. Somebody thought of my business idea before me and now they won't see things my way...damn cybersquatters.

No idea what you're talking about. I never called him a cybersquatter, we don't have the same business idea (it's a nonsense word) and I don't want to wait until after my launch to purchase the name because the price will definitely go up at that point.

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