| Many
domain name auction services won't accept bids for less than
US$500 or US$1000. However, domain names are increasingly priced
for tens of thousands of dollars. Some examples: TV.com sold
for US$15,000 and Business.com sold for US$150,000 (reported
by CNET - News.com June 1997). |
| When
negotiating to sell your domain name, it's best to get a sense
for how it will be used and how committed the buyer is to that
particular name. For example, Compaq anxiously sought to replace
"altavista.digital.com," the domain name for the popular
search engine that they had acquired. They approached a small
Oregon company that owned the domain name "altavista.com."
After much negotiating, Compaq finally paid US$3.35Million to
the small Oregon company for the "altavista.com" domain
name (reported by the SF Chronicle, July 1998). |
| On
the other hand, if a smaller company was in the process of choosing
a new product name and was searching the web to see if the corresponding
domain name had already been taken, they might rather change
the name of the product before paying too much to acquire the
domain name. |
| In
order to give you the best negotiating room, you might simply
choose "open" as your asking price. If you find that
you're getting too many low offers, then we can easily update
your catalog entry to include a minimum price. |
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