Despite the title, this is about the value of a domain name. I was inspired to write this article after receiving an offer yesterday on one of my domains (see bottom of article if you want a chuckle).
As the old saying goes – generally speaking – something is only worth what someone is prepared to pay for it. That adage can very much apply to domain names.
But you can also take another angle on it if you are a “strong seller”.
If you have a great domain name; and no urgency to sell, then that domain is worth what you’re prepared to sell it for.
There are many factors to take into account – I wrote about them in this previous article.
- Strong buyer vs. strong seller = high price!
- Strong buyer vs. weak seller = low price
- Weak buyer vs. strong seller = no deal
- Weak buyer vs weak seller = low price
There are some online domain calculators out there, but the results are at best “humorous”. 🙂
To this day, I have never come across an “online valuation” on an Aussie domain that is anywhere near reality. (Though when the valuation comes out really high, sometimes I wish that some of my prospective buyers would just pay me that price and be done with it!).
The Offer That Made Me Chuckle
Yesterday I got this offer below – and I couldn’t help myself but reply accordingly.
An offer has been made to buy lookingforlove.com.au
Offering Price: $75
Additional Comments: have done a domain calculation check and it come back at a price of 65. So I will add $10.00 on that.
IP Address: (deleted)
Whilst I perhaps shouldn’t have been so flippant, I just couldn’t help myself. This was my reply to Graham:
Keep looking! Love is a lot more expensive.
😀 😀 😀 😀 😀 😀 😀 😀 😀 😀 😀 😀 😀 😀 😀