Hey guys,
This question is probably not the easiest to answer, but I thought I'd ask it anyway.
When acquiring a name how can you reduce the risk that you are overpaying for a name.
Obviously, you wouldn't want to lowball the owner, but at the same time I don't want to pay $2k for a domain that isn't even worth that.
How do you know that you are getting a fair deal when purchasing a domain so that you leave yourself enough room for a good profit when flipping the name.
I haven't done many acquisitions so any help in this are would be much appreciated.
Skinny
This question is probably not the easiest to answer, but I thought I'd ask it anyway.
When acquiring a name how can you reduce the risk that you are overpaying for a name.
Obviously, you wouldn't want to lowball the owner, but at the same time I don't want to pay $2k for a domain that isn't even worth that.
How do you know that you are getting a fair deal when purchasing a domain so that you leave yourself enough room for a good profit when flipping the name.
I haven't done many acquisitions so any help in this are would be much appreciated.
Skinny