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Old 09-27-2000, 03:41 PM   #1
ASawley
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Exclamation Need thoughts on fair price for domain name

I just received an offer on a domain name that I do not intend to use via Great Domains
The domain name is: visitlosangeles.com

I am trying to determine what people think a fair valuation might be for it. I was going to post what I was just offered, but I would really appreciate seeing other peoples thoughts (I will reveal it later). I called GD about having it appraised, but the process takes too long for this offer.

I only have 72 hours to respond, so I really appreciate you taking the time!

Andrew http://www.lucytalk.com
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Old 09-27-2000, 06:42 PM   #2
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Hmm...pretty good domain name, expecially for a travel agency of some sorts. I would give a value of it anywhere between $1000-3000, but I am no domain expert. How much were you offered.
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Old 09-27-2000, 09:36 PM   #3
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In my opinion the domain is worth what it costs to register a domain name...It is pretty easy to find other domain names that would serve the same purpose as that one. But, on the other hand if a company has done an entire marketing campaign around this name then it would be worth a lot more to them...But personally I don't think any domain is worth more than what the registration fee costs...Its the content under the domain name that has value. http://geekvillage.com/ubb/smile.gif

-Wade
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Old 09-28-2000, 05:05 AM   #4
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While I agree that content is important, I think that any domain name that gets type-in hits are worth more than its registration fee - even if it doesn't get many of them.

For example, if a domain name gets 30 type-in hits a day, that would equal 10 950 visitors a year, which would cost $109.5 to get through Goto.com if you paid 1 cent per visitor, or $1095 if you paid 10 cents each.

Compare that to the yearly registration fee at $13.50 (000domains.com) and it's easy to see that this must be worth something :-)

Also, type-in traffic, when targetted, is usually worth more than most other kinds of traffic.

Having said that, I doubt that the domain name visitlasvegas.com gets more than a couple of type-ins a month, if any, so my method of determining value for a domain name won't apply in this case :-)

I would sell it for the price you were offered, unless I'm wrong about the number of type-in hits you're getting :-)



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Old 09-28-2000, 09:33 AM   #5
ASawley
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Thanks for all the replies. I have been offered $2,000 for it. My thoughts are that it is worth more than the $2,000 primarily because it is very easy to remember and a great choice for a company who brings groups to LA. LA is still one of the biggest tourist destinations.

So, I'm still not entirely sure if I will counter the offer or accept as is.

Thanks again.

Andrew
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Old 09-28-2000, 04:12 PM   #6
Steve_S
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Thumbs up

Your name is also great for the LA Convention & Visitors Bureau. Every big city has an entity like this.

Counter at 5K and negotiate from that point http://geekvillage.com/ubb/smile.gif

HTH

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Old 09-28-2000, 08:39 PM   #7
ASawley
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Thanks Steve_S. I have put in a counter offer at $5,800, since I'm not in a big hurry to sell it (I can be very patient at times). It's time to see if they are serious. Thanks everyone.

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Old 09-29-2000, 02:52 AM   #8
FredNasty
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heh i woulda thought it would be worth about $150..

BUT

anything is worth what the buyer is prepared to pay for it

you might find that some big ad agency has been working on a $500,000 contract with Los Angeles city council for the last few months and they are reliant on that domain as the centerpiece for their campaign..

dont be fooled if they just send a single guy who looks like a bit of a scrubber - companies often do this sort of thing as a decoy to keep the price low

of course they may find that "cometolosangeles.com" is still available and get it for $15 (or $12 at joker) and youll be *******

anyways its all good fun http://geekvillage.com/ubb/smile.gif)
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Old 09-29-2000, 06:46 AM   #9
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cometolosangeles.com is not nearly as attractive as visitlosangles.com, but even if it was a good domain name, its not available (registered on June 16 http://geekvillage.com/ubb/smile.gif)
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Old 09-29-2000, 10:18 AM   #10
ASawley
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The saga continues. After my counter offer, I have received another counter offer at $4,000. Unfortunately, since it is through Great Domains, I have no idea who I am actually dealing with. It could be a small travel agency or the LA Visitors Bureau. It sure would make it a lot easier if I did. But, that's life.

I'm going to counter back close to my previous offer and see what happens.

Andrew
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Old 09-29-2000, 12:15 PM   #11
ASawley
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The counter offers are flying quickly now, but we seem to be stuck. The other person has offered the same amount twice in a row. It's starting to look like I might own it a bit longer. BTW, the repeated offer was at $4,000 (we are $1,500 apart currently). Maybe I'm crazy for not taking it, but my wife thinks I'm crazy for considering it, lol. BTW, does anyone other than myself find this interesting?

Andrew http://www.lucytalk.com
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Old 09-29-2000, 12:18 PM   #12
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Unless you have some compellign reason to keep the name, push it up to 4500 or so and sell it, chances are youre not going to get too many other offers in that range any time soon.
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Old 09-29-2000, 12:25 PM   #13
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ASawley, Ted is absolutly correct. Sell it! $4000.00 is a very good price for the domain name, and you may not find any other interested buyer at that price range in the near future. Go for it!

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Old 09-29-2000, 12:25 PM   #14
ASawley
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I have actually been thinking along similar lines (although more like $4750). Boy, wouldn't that **** if the buyer read this forum! With the commissions GD is due plus the paperwork costs I would like to clear 4. So, I wait to hear on my previous offer (even though they stayed at the same amount, I came down $100).

Andrew
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Old 09-29-2000, 04:07 PM   #15
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They stayed at the same amount to send a signal. Take the deal and get on to your next one http://geekvillage.com/ubb/smile.gif

They went up and you went down. Thats a deal. A deal is often defined as this: when BOTH parties feel slightly unfortable but each thinks they got a fair shake.

All the number back and forth tell me to tell you to go. A smart buyer ALWAYS has a top price. Trust me on this stuff please and best of luck whatever you decide to do. http://geekvillage.com/ubb/smile.gif



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