What to do?
I got a strange letter through the post today from a marketing and design company. Basically they are in the process of changing their company name. The problem is I own the domain they want. They've registered the name with a hyphen between the words but I own the domain as one word which is their preference. For example I own www.whatever.co.uk and they have www.what-ever.co.uk but want mine.
The letter says they would be willing to purchase the domain off me if I no longer require it. I haven't got around to using it myself yet but I do have concrete plans for it's use and actually own three different domains which are based on a similar theme.
I've checked out the Company's current website and to be honest it doesn't look like much for a company based in marketing and design so maybe there's not much cash to be had. Any idea about how I should proceed? I suppose I should put a value to the domain name and pitch it to them. If they refuse, nothing lost, I'll hold on to it and put my plans into operation at a later date. If they bite then I should make sure the figure involved is sufficient to make me rethink my plans. Sorry to be a bit vague but I don't want to mention the domain in question.
posted by Ricky Dee at
7:30 PM
3 Comments:
How much could your business idea be worth? If it was a lot then don't give up the domain. But if it's worth a lot why haven't you done something about it already? If the company that wants it looks a bit 'shady' don't give it up and reply with a high price for the domain - then when it comes to finding out how much it's worth to them you can think seriously about selling it on.
By
Ian, at 9 March 2005 22:35
Whoops, sorry Lewis I deleted all your comments by accident, I meant to leave one. Blogger are having one of their regular problem periods :-(
I contacted the guy and it panned out much as I thought it would. He's just a small company in web design and marketing with little money. I said that the domain was valuable to me and that it would take a considerable offer to make it worth my while. So I'm holding on to it.
Ian: All my business ideas are worth about £1 million. I generally have 1 a week on average.
Why haven't I done anything about it? It's either because (a) I'm a fat lazy bastard or (b) I've been suffering from ME for 5 years which takes all of my energy just to get through the day. The answer is probably somewhere in between.
The domain in question was www.visualgroup.co.uk
By
Ricky Dee, at 10 March 2005 20:02
Oh bugger, while I was pissing about with the Blogger comment problems I missed the opportunity to make £60 on a binary bet on the Dow Jones. This does not make me happy.
By
Ricky Dee, at 10 March 2005 20:15
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