Every time I receive an inquiry for a domain name best suited for a start-up or a product, I face the same dilemma.<\/p>\n
Do I quote the maximum valuation price for the domain, or do I give them a break?<\/p>\n
This dilemma stems from a statement that is often part of the response to a quote:<\/p>\n
We are a start-up and cannot afford five figures.<\/em><\/p><\/blockquote>\n
The truth is, that five figures begin at $10,000 and end at $99,999 so there is a wide range of budgets along this line.<\/p>\n
Domain investors should seek a return on investment that provides ample financial cushion for their full portfolio. When one has to renew thousands of domains, their average price quote tends to be higher.<\/p>\n
By quoting a price outside of the affordability of a buyer one damages their own prospect, along with that of the buyer. Domains aren’t just abstract entities, they become products, services and brands that may last a lifetime.<\/p>\n
It’d be great knowing that by being a little flexible in one’s pricing or payment plan, they are contributing to the creation of something new. This is something that eludes the concept of domain flipping, and those that practice it.<\/p>\n
To circumvent the aforementioned dilemma, I often invite the Buyer to share their terms of what would constitute a flexible pricing, or plan. They are given an opportunity to discuss options, as opposed to being faced with a sticker price that is set on stone.<\/p>\n
Start-ups, in general, are frugal entities that have to preserve funds for securing talent and their payroll, in order to create the product or service that will pay for everything, long term.<\/p>\n
Quite often, I complete such domain sales feeling good about the accomplishment of the sale, and the ability of the buyer to go forward with their business plan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Every time I receive an inquiry for a domain name best suited for a start-up or a product, I face the same dilemma. Do I quote the maximum valuation price for the domain, or do I give them a break? This dilemma stems from a statement that is often part of the response to a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[9,193,10,37,68,996,1215,1214],"class_list":["post-4846","post","type-post","status-publish","format-standard","hentry","category-domains","tag-acro","tag-acronet","tag-acroplex","tag-acroplex-llc","tag-acroplexcom","tag-brands","tag-start-ups","tag-venture-capitalist","entry"],"yoast_head":"\n
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