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Do you think this is fair?


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Someone bought a domain that I wanted for $3, but he didn't have a site or a company registered to it or anything, when I asked, I offered $50 for the name, and he offered it for only $1000.

 

I'm not paying for a domain name what he bought for $3, that is a major rip-off,

 

do you all think this is fair?

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I think he's testing the water. Obviously $47 profit on a domaine name is nice... but if you really wanted it (like it appears you do) then he is going tot ake you to the cleaners.

 

It is horrible position to be in, but hey the world isn't a nice place.

 

It would be nice if there was a way you could challenge people for domaine names.

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Eh, it's fair. People scoop up super cheap domain names all the time and then resell them for super high prices. They make a living off doing that. How do you know what he paid anyway? If you showed interest immediately, he probably thinks it's worth even more and doesn't want to take the first low offer that's brought his way. It sucks for you, but like ChuckTesta said, he knows if you want it that bad, you'll pay more.

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It may not seem fair at first, but when you consider the fact that domainers spend hundreds of dollars renewing hundreds of domains each year, and they sell only a few of them in their portfolio within a year, it is expected that they would ask that much. How else would domaining be profitable? I normally only ask for a grand if the domain name is one that I know a lot of people will want. I get offers for those domains even when they're not listed for sale. It is pretty irrelevant how much they purchased the domain for - your only choices now are to either negotiate or opt for an alternative. Also think about what would happen if you no longer needed the domain and are going to sell it? How much do you think it would sell for? It will give you an idea of the worst case situation. Or perhaps the domain is indeed worth $1000 and you will lose nothing by using it for a couple of years before deciding to sell it off to get your $1000 back.

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  • 2 weeks later...

It may not seem fair at first, but when you consider the fact that domainers spend hundreds of dollars renewing hundreds of domains each year, and they sell only a few of them in their portfolio within a year, it is expected that they would ask that much. How else would domaining be profitable? I normally only ask for a grand if the domain name is one that I know a lot of people will want. I get offers for those domains even when they're not listed for sale. It is pretty irrelevant how much they purchased the domain for - your only choices now are to either negotiate or opt for an alternative. Also think about what would happen if you no longer needed the domain and are going to sell it? How much do you think it would sell for? It will give you an idea of the worst case situation. Or perhaps the domain is indeed worth $1000 and you will lose nothing by using it for a couple of years before deciding to sell it off to get your $1000 back.

 

That's a good point, but it's still unfair business.

 

I think I should show less immediate interest next time.

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There is nothing unfair about it.

 

It's all a matter of supply and demand. How much he paid for it has no relevance to the price that he wants to sell it for. If you don't want to pay his price, that isn't a problem.

 

Saying that he is unfair is a problem, because he definitely is not doing anything to take unfair advantage of you. You asked how much he wants to sell it for and he told you. There is absolutely nothing unfair about that at all.

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No, it's not fair, but it's supply and demand. It's worth $1000 if you're willing to pay it.

 

A domain that I really wanted was taken. I ended up buying the .net. A couple of days later, I started receiving email selling the domain for $200. I countered with $50. The seller never replied to my offer, but kept sending me a copy of the original email. A month later the domain was back on the market and I picked up for $10.

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Value is in the eye of the beholder....

 

Every domain was at one time hand registered so what someone paid for it and what they are willing to sell it for should have no correlation.

 

I'll give you a great example. Right now the .in domains are going for 79 Rupees for the first year. 79 RUPEES - thats a buck and a half AKA $1.50 USD.

 

energie.in sold last week for $1,524.

"Someone" registered this in 2007 for $1.50 USD

 

Its completely fair - its called BUSINESS

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Just take it easy. The seller might warm up to you and sell it to you at a different price. Although I don't think is unfair, he/she is a business minded person. Even though he/she is taking advantage of you but still it's business and it's all about the money. He/she is testing you on how far you would go to get that domain. Just wait, if the seller won't budge then find another domain. If you really want it, then go get it or wait for it but chances are, it might be bought by others.

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Wow, if you bought that domain before it went on the market. You could've dropped some money there. Nice work on waiting for it.

 

I would have paid up to $150 for the domain. The seller never gave me a counter offer. He or she just sent the original offer of $1000. It wasn't worth $1000 to me. I'm was looking for other domains and decided to check on that domain. I really didn't think it would be back on the market. I was pleasantly surprised. I don't think would happen very often.

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Not unfair at all. He owns it, he can ask whatever price he wants for it. Supply and demand, as everyone says. If life was fair, I'd own microsoft.com and be making a mint off it.

 

I've been getting emails from a guy who's got a similar domain name to one of mine today (though his version isn't as good as mine, so there!). He keeps spamming that it's going to auction and I might be interested because I own the other one, yada yada yada. I'm tempted to report him to his ISP for spamming, get him closed down and buy it up cheap. :)

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I think this person who is trying to sell you a domain for $1000 believes that it is still 1993, and they are holding Coca-Cola.com or something. That's not anywhere near a fair price for an individual to pay, but by the same token there really isn't anything you can do about it. I would look into either a.net or a.biz alternative.

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I've been getting emails from a guy who's got a similar domain name to one of mine today (though his version isn't as good as mine, so there!). He keeps spamming that it's going to auction and I might be interested because I own the other one, yada yada yada. I'm tempted to report him to his ISP for spamming, get him closed down and buy it up cheap. :)

 

Haha, if he keeps bugging you, maybe you should.

 

Now whether or not -that- is fair, is a whole 'nother question... ;)

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I think this person who is trying to sell you a domain for $1000 believes that it is still 1993, and they are holding Coca-Cola.com or something. That's not anywhere near a fair price for an individual to pay, but by the same token there really isn't anything you can do about it. I would look into either a.net or a.biz alternative.

Heh, no I don't think so. It would have sole for much more :)

 

He has the right to sell for whatever he wants, domains can be worth that much depending on popularity and much more.

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The Internet is just like the actual world. It's a dirty place in many cases. People on the Internet scoop up domains and squat on them forever. Sure, it isn't nice. But they have a right to do it. It's just like your parent's used to say: life isn't always fair.

 

I've been in your position of a domain taken and boy does it stink. You have a website, and one of higher quality, yet someone decides to give their blog with an update every 6 months the vanity domain treatment. Grrr...

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Forget about what he paid for it and try to get an accurate value of the domain. Obviously the guy thinks that he has snapped a high value domain but you should get the name evaluated to arrive at the fair market value. There are many companies that do domain name evaluation so use them to get an idea of fair price. Once you have the report, contact the guy with your offer and provide the report as proof of the market value.

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This is completely fair, it's simply capitalism at its finest. ;)

 

Stick to $50 max unless absolutely necessary, $1000 is in fact, a ridiculous amount for something that simply isn't worth that much.

I sold my last website for 2,000$. Do you think that's fair ? People are simply getting money from the websites where they put a huge amount of work and time :)..

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  • 3 weeks later...

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