Chris.C
Top Contributor
Like all investment decisions I like to size things up before I go ahead and outlay my money, and this is no different when it comes to domain renewal costs. I often find myself asking questions like:
And obviously if the answer to all the above questions is "low" then I need to seriously question if I renew a domain.
However sometimes I have domains which aren't earning a great amount presently, aren't high on my development priority list and I don't think would do well on the AMA, yet I have had someone who has previously made a semi-reasonable offer on the domain in the past 2 years except we didn't find middle ground on price at the time.
Anyway, a few days ago I had a domain that was coming up for renewal which I was uming and ahhing about, but I decided to email a buyer who had contacted me 18 months ago via email and made an offer.
At the time he was offering $300 for a domain that I wanted $900 for. So we didn't reach agreement.
Anyway with the renewal coming up I guess you would say I was more willing to sell than usual so I sent him an email saying I'd be willing to sell the domain for half of what I was previously asking at $450 if he bought before I renewed the domain.
Long story short he agreed and both parties were happy.
This got me thinking, I received dozens of offers via NetFleet in 2012 that didn't result in sales, but I know when it comes to renewal time I always reflect on past offers and start thinking "I was probably being a bit greedy counter offering with that and I sure would like to send them a new offer to see if they are still interested"...
And I figured now that NF makes commission on catalogue sales it would be AWESOME if we were able to send those people new offers if we decide to drop our selling price at some point in the future so that we might be able to salvage the deal and make it a win win win situation for the buyer, seller and NetFleet.
As it stands if negotiations stall on NetFleet that is usually the end of it, which I think is really unfortunate for everyone - the buyer, seller and NetFleet.
And I think there is real potential for many of these past leads to be rejuvenated if the seller is willing to come down on price not to mention that over time it seems that the perceived value of domains tends to increase probably making past buyers even more willing to buy.
Thoughts?
- How much revenue is this domain currently earning me?
- What are the chances I'll develop this domain in the near future?
- What are the chances that someone will be willing to buy this domain for my asking price next 24 months?
- If I was to put this domain on the AMA tomorrow what are the chances it would sell for at least the cost of renewal?
And obviously if the answer to all the above questions is "low" then I need to seriously question if I renew a domain.
However sometimes I have domains which aren't earning a great amount presently, aren't high on my development priority list and I don't think would do well on the AMA, yet I have had someone who has previously made a semi-reasonable offer on the domain in the past 2 years except we didn't find middle ground on price at the time.
Anyway, a few days ago I had a domain that was coming up for renewal which I was uming and ahhing about, but I decided to email a buyer who had contacted me 18 months ago via email and made an offer.
At the time he was offering $300 for a domain that I wanted $900 for. So we didn't reach agreement.
Anyway with the renewal coming up I guess you would say I was more willing to sell than usual so I sent him an email saying I'd be willing to sell the domain for half of what I was previously asking at $450 if he bought before I renewed the domain.
Long story short he agreed and both parties were happy.
This got me thinking, I received dozens of offers via NetFleet in 2012 that didn't result in sales, but I know when it comes to renewal time I always reflect on past offers and start thinking "I was probably being a bit greedy counter offering with that and I sure would like to send them a new offer to see if they are still interested"...
And I figured now that NF makes commission on catalogue sales it would be AWESOME if we were able to send those people new offers if we decide to drop our selling price at some point in the future so that we might be able to salvage the deal and make it a win win win situation for the buyer, seller and NetFleet.
As it stands if negotiations stall on NetFleet that is usually the end of it, which I think is really unfortunate for everyone - the buyer, seller and NetFleet.
And I think there is real potential for many of these past leads to be rejuvenated if the seller is willing to come down on price not to mention that over time it seems that the perceived value of domains tends to increase probably making past buyers even more willing to buy.
Thoughts?