Got my first offer. Need advice

Mike Batista · Jul 16, 2015

I've had a few domain names on Sedo for about four years, but domaining has been on the back burner for me. But I got an offer to sell greetalian.com for $90. "Greetalian" is a fusion of the words "Greek" and "Italian" and I've seen it used to describe food that's both Greek and Italian. I think this could be a "single-word" domain in the future.

So I think this domain is worth more than $90 and I'm obligated to make a counteroffer. Sedo's suggested price is $299. Should I maybe make a counteroffer of $399 or $499, hoping I can get the suggested price? Or should I start an auction? Even in an auction I worry I won't get what this domain could be worth in the future.

Basically this is the first offer I've received in about four years of domaining, but I really feel that this domain is worth a lot more than what's being offered.

Any thoughts would be appreciated. Thanks!

vital · Jul 16, 2015

As you said, it's your first offer. Counter him $499 or $599, which should be affordable low-end range for most people looking to buy a domain on aftermarket and you'll see. I guess $300 is possible here, and it's also possible, that he will bite at your counter, because it happens in negotiation quiet often to me.

Just try to make a sale and reinvest in better name(s). Do not look back. Consider it being your opportunity cost...