Source: concurringopinions.com

It is really not uncommon to see domain marketplaces flooded with overpriced nonsensical domain names. As a matter of fact, “overpriced” is an understatement.

I used to demand some exorbitant prices for some average domains as well when I just entered the domain space. However, as you “grow up” and learn more about the domain industry, you tend to match market realities with expectations.

Over the years, I have received literally hundreds of offers in all shape and forms for my domains. I ignored many of them in the first few years, as I saw my domains as kids that needed to grow up before kicking them out of the house.

I only really started focusing on selling domains about a year ago.

When I started eBusinessDomains.com in July this year, I intended to only list domains that could successfully brand ebusinesses. This resulted in only a small portion of my portfolio qualifying for listing.

So, if you are one of the hundreds of domain owners who have emailed us requesting listings on eBusinessDomains.com, please don’t take it personal. I didn’t find it worthwhile to list over 4,000 of our very own domains at eBusinessDomains.com.

Now, let me address the main purpose of this post.

I have received so many offers and enquiries from people who either have no clue or just think they are too smart.

These are the people who offer $100 for a domain that is clearly worth at least $2,500, and insist that the offer should be accepted.

A common argument used goes like this: “you only pay $9 for the domain, so most of the money is profit. By selling for $100 you are making at least 10 times more than what you paid for the domain name”.

First of all, as long as I keep on paying the registration/renewal fee, I am the owner of the domain name. I will sell for whatever I want to sell for. If you can’t afford it, go and get another domain name. Tough luck.

Who are you to tell me how much I should sell for, or how much profit I should make? Do you know how much I paid for the domain name? Are you aware of the fact that not all domains being offered for sale were hand-registered? Have you heard of domain flipping?

You know, I would love to upgrade my BMW X5 to a Ferrari or Lamborghini. But I don’t think I can go to Ferrari and say “sell me a F430 Spider for only £60,000 as most of your money will be pure profits for you”.

Pay me what my domain is worth, unless I offer you a discount.

Now, I am not being arrogant. I do take pride in selling my domains to end-users who then turn the domains into powerful brands. It’s like seeing your kids grow up to take high office or enjoy illustrious careers.

I am not asking for an arm and a leg. I do sell for reasonable prices. There is no point pricing yourself out of a deal, when the next potential deal for the said domain name may take years to come by again.

The other common sorry-ass tales include:

- I am a poor student, and need the domain for a small project;
- I just need the domain to start a blog;
- I live in “X” third-world country and can’t afford any more than $xx;
- I am going to obtain a trademark for that term, so you should sell while you can and
- We don’t pay that kind of money for a domain name in our country (often the price tag is just $500, and the seller quite often lives in the US).

I am happy to negotiate with people you are trustworthy, mature and serious about business.