The Domain Name Price Game: A Values Duel Between Buyers and Sellers

Industry Information 21 May 2024 03:09:16 PM By:DN editor
Abstract:

In the scramble for domain names, it is often the case that those who want to buy domain names question or complain about the high price of a domain name. However, the argument actually works both ways, and domain name investment activity

In the scramble for domain names, it is often the case that those who want to buy domain names question or complain about the high price of a domain name. However, the argument actually works both ways, and domain name investment activity is not as illegitimate or dubious as some would have you believe. On the contrary, it is a long-standing industry that has weathered the storm for three decades.

The Domain Name Price Game: A Values Duel Between Buyers and Sellers

We should not be swayed by the words of offerors who complain that the asking price is too high or make unrealistic offers, let alone let that deter us from our claims. Many self-proclaimed entrepreneurs or startup founders aspire to own a .com domain name but hope to acquire it at a price far below the market rate. However, when they don't get what they want, their next step is often to complain, accuse or even threaten.

The Domain Name Price Game: A Values Duel Between Buyers and Sellers

This goes both ways and it is necessary for us to fight back. If our offer fails to be recognized and the buyer displays arrogance and impracticality, then we should respond with mockery and ridicule.

They are only prepared to start a business with a limited budget? Then tell them to either come out and start a business or stay under the bed until they have enough to buy the right domain name.

They think $10,000 is too much to ask for a domain name? Then let them try it on a nice car made 2,000 years ago.

Finally, we must also voice our opinion about those who choose to remain silent after multiple ridiculous offers. We need to tell them that missing out on this opportunity means that prices will only get higher in the future. To support this, we should renew the domain for the next ten years.

The misrepresenters in the domain will eventually pay; the entire domain industry will show them how it works.

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The Domain Name Price Game: A Values Duel Between Buyers and Sellers