This isn't exactly Canadian business but the example illustrates what we're up against.
The IT manager for a fairly large company in the insurance industry (big bucks) contacted me about a .com domain we own. This domain is the exact generic domain for the industry and around 110,000 companies in north america. They have his picture and bio online. Many degrees etc etc
After establishing that we will consider offers on the domain his second email asked why if we would sell it wasn't it represented by someone like SnapNames??
This is good I thought. At least he knows Snap and must have some clue about domain values. So I write back and say "I don't really need to pay someone to do what I can do already"
Next email: How come we don't have an online presence (web site). So I explain we are a private company and no longer offer our services to the public. I still have the domains but they go to PPC now.
Next email. He's unsure about the sales process and Escrow. So I explain that after we arrive at a price he can open an account with someone like Escrow.com wire the $$$ and then we transfer the domain. Once transferred Escrow sends the $$$ to us.
Today I get an email from him:
"I assume this is for the full sale and rights of the domain? If so, weâd like to bid $150 on the domain."
I already have had solid 4 figure offers on this one and expect it to sell in the 50k range eventually.
Time wasted 2 hours (at least) on email composing. I just sent him a link to the cowboys.com story
and a link to dnjournal .