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I'm on the other side of a negotiation, so I thought I'd share my perspective. I bought a domain I was planning on using, but never ended up doing anything wit
by agitator 7y ago
I'm on the other side of a negotiation, so I thought I'd share my perspective.
I bought a domain I was planning on using, but never ended up doing anything with it. I know that the domain I own may not have a high value now, but I believe it will be much more valuable in the future. It's an investment. A prospective buyer needs to make a good offer, otherwise I would prefer just to hold onto it. I'm perfectly happy holding onto it till I need it, or with some luck, someone makes a decent offer.
Supply and demand are just two aspects of what determines a price both buyers and sellers agree on. Just because no one else is hounding me for my domain, doesn't mean I will settle for less. Among other things, there is a prospective value that has an impact on price, much like overpriced shares of companies that have promise, but aren't yet making a profit.
- halfmatthalfcat 7y agoI guess what do you consider "settle for less" and how do you valuate your domain? You have the original purchase price (or your annual renewal costs) but it seems that a lot of resellers or squatters tend to artificially inflate demand because .coms are the defacto TLD, yet no one is barking up their tree (no demand).
- agitator 7y agoYeah, I admit the amount I would settle for isn't scientific. I'm also not in the website squatting business. I just happen to have a couple of domains that I haven't gotten around to using yet. It's more so, that I paid for the domain and pay the yearly renewal, and unless it's an offer that I would profit a bit over those total costs, I wouldn't consider it because if I happen to need a good domain in the future, it will cost me more to find one than to just hold onto the one I own and continue paying renewals.