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That said I have a few domains that I use for personal sites.
Someone contacted me wanting to buy one of my domains (a site with currently no form of income as its more of an information placeholder, but does have meaning to myself) as he indicated he had started putting something together something using the name and felt 'it would be easier to buy than to change the name now'.
I had the name long before him (or anyone for that matter) so it's fully mine currently.
I asked him to make an offer and he came back with $10...
I told him that the time alone it would take me to find a new uniqe name, and update all my existing sites to use this new name doesn't even remotely justify that value.
Taking into account all the work involved I came back with what I felt was reasonable to myself: $1500
He came back basically mocking me and indicating I'm crazy & mental...
I kind of just want a second opinion, is the amout I'm asking for completely rediculus? Keep in mind that I to a degree was high-balling...
You have no obligation to sell to him at any price (excluding copyright/trademark violations, of course). So if he doesn't like your price, he is free to walk away and buy his own domain name.
Your only "obligation" is to set a price that YOU feel comfortable with, so that you don't have seller's remorse later on.
The whole reason I asked what I did was due to the nature of the fact that I wouldn't be getting rid of the domain's purpose, but would have to find a new name and change everything afterwards.
I figured if it was going to create as much work as it would, I may as well get something I felt reasonable about.
I got the impression that the individual somehow felt entitlement because his intended purposes for the name are more meaningful than mine...
I guess I should see it as more of a blessing. When he contanted me I took the time to figure out my rights to the name... I came up with the name on my own, and I took the time to make certain it was unique and completely unused when I registered it. I'm using it for the purpose I intended, and while seemingly meaningless to most, its not meaningless to me.
I now understand all these things combined should prevent someone from trying to swipe it out from under me...
Even if he came back and offered $1500, I would still not do business with someone who mocks me.