I was contacted out of the blue by a domainer looking to sell an EMD .com in our niche. He offered to sell at $350, I countered at $250. He accepted, Paypal, Godaddy push and I have the domain within 10 mins of his email. (I did check the guys bona fides first).
Anyway, I have to say it has been a pleasure to be on this side of the bargaining table. As you guys know if you show interest in a domain, the price immediately goes up by 10x. The entire negotiating dynamic differs when it is a guy looking to liquidate his holdings like this guy seems to have been.
The funny thing is I would have easily paid $2000 for this domain (plural, 1300/month global exacts and another 5400/month for the singular). Average bids are approx $2.00 but the traffic is worth even more than that to us. Most searches are in the UK as it is a UK term more or less. Domain name is 7 characters and super brandable / category killer by the way. In fact I have been negotiating with the owner of the .co.uk EMD who was looking for $1,200 which I considered reasonable.
What do you guys think? Did I get lucky? Or was I massively over-valuing the domain in the first place? And is this a sign of the times and the ever decreasing value of EMD .coms: (supposedly) lower SEO value, less "direct navigation", etc.
Anyway, I have to say it has been a pleasure to be on this side of the bargaining table. As you guys know if you show interest in a domain, the price immediately goes up by 10x. The entire negotiating dynamic differs when it is a guy looking to liquidate his holdings like this guy seems to have been.
The funny thing is I would have easily paid $2000 for this domain (plural, 1300/month global exacts and another 5400/month for the singular). Average bids are approx $2.00 but the traffic is worth even more than that to us. Most searches are in the UK as it is a UK term more or less. Domain name is 7 characters and super brandable / category killer by the way. In fact I have been negotiating with the owner of the .co.uk EMD who was looking for $1,200 which I considered reasonable.
What do you guys think? Did I get lucky? Or was I massively over-valuing the domain in the first place? And is this a sign of the times and the ever decreasing value of EMD .coms: (supposedly) lower SEO value, less "direct navigation", etc.
