Forum Moderators: buckworks & webwork

Message Too Old, No Replies

Purchasing a domain name

Are they trying to screw me?

         

uhwebs

9:38 pm on Jul 27, 2006 (gmt 0)

10+ Year Member




Ok, so I run a website, say, BlueWidgetWeb.com
And someone has registered the domain name BlueWidget.com

Now, I'd like to have that domain. But when I emailed them the other day they told me the price was $2,300.
I told them that was more than I could afford, and they got offended and sent me an article about some domain names that sold for 100k +.

Now I'd pay maybe a few hundred dollars, but no way I can afford in the thousands. It also makes me pretty upset that they go and register a domain name for a term, Bluewidget, that I've been using for a long time. Yes, I know I should have registered the domain, but I was 16 at the time and new to web design and didn't think that someone would steal my name. If it comes down to it, is a lawsuit a possibility? I can prove I've been using the term prior to his registering it.

Also, the pricing seems bogus. I unfortunately told the guy that I've never purchased a domain name before, so I suspect he's pricing it unrealistically high. When I had some domain names I was thinking of selling (far better names than the one I'm trying to buy), I had several people tell me that selling domains is hard to do and most domains go for less than $500, and not in the several-thousand range.

What's the best thing to do? I really think the price he set isn't fair. He's had the name for 2+ yrs, it's not a common name, and not something that could apply to other people or businesses.

In fact, I'm close to just saying screw it and forget the name. Would getting a domain name appraisal be a good idea?
I tried SwiftAppraisal's free thing and got a value of $200-400. That's about what I was expecting to pay.
Any opinions or help is appreciated :)

gpmgroup

10:05 pm on Jul 27, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Realistically is someone else other than you ever likely to ask to buy the name? If not his options may be limited. If you used an identifiable email address he may be playing on that or he may feel the name is worth that amount to him. What is he doing with the name? Is it making him money?

Once I had worked all that out I would send a simple email (Least said the better)

Apologise to the guy for not intending to upset him
Then say you genuinely can't afford to pay more than X amount. Would he be prepared to consider it?

He may come back to you he may not but at least you've made the highest offer you think the name is worth to you.

uhwebs

10:27 pm on Jul 27, 2006 (gmt 0)

10+ Year Member



He's not doing anything with the name, no website or anything.

Realistically, I can't see anyone paying that much for the name. I suppose someone else could use the name for a site similar to mine, but right now it's kind of my phrase, not used other places.

I'm stupid for saying I'm new to this; He probably thinks he cam mark the price up a lot. Plus my email happens to be bluewidget@email.com

Maybe i'll wait a few days to get back to him so he doesn't think I want the name that badly. I'd pay a few hundred dollars maybe, but that's about it.

wmuser

4:59 pm on Jul 28, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



With all said it doesnt seems that you have a lot of options

You can contact him from another email account some time later and look more professional then maybe he will call lower price but $2300 is not way much a good domain so its possible that the name worth it

LifeinAsia

6:01 pm on Jul 28, 2006 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



Offer what you're willing to pay. A lot of time these cybersquatters give ridiculous high ball prices initially, but are more than willing to go down later. If he's had it for 2 years and hasn't found any takers yet, he might be willing to let it go for a lot less than $2300.

If not, try a different domain.