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Pat from Canada is taking a gamble with gamblers:
In regards to your recent podcasts about domain names I thought you would find it interesting to hear about my husband’s experience. A few months back, he received an offer of $500 for his company’s domain name. He turned it down as it wouldn’t be worth the time and effort to reestablish a new name as he has used the same one for the last 16 years.
A few days after he turned this down, he got another offer and this time it was $5000.00. He asked which company was interested and although the broker wouldn’t tell him, he managed to do a little online sleuthing around the area code of the broker and the initials of his company’s name and it appears that a very large US gaming and casino company is involved!
He told the broker that it would take a lot more money to get him to give up the domain name and we are waiting to hear their counter offer! $$$$$$
How much should we hold out for?
You could do some research into similar cases and the amounts large companies paid for domains. Or you could think of a pleasing amount of money, then double it, then add another decimal point or two to compensate your husband’s business for the hassle it would cause to change it.
Go on, readers: how much would you sell it for?