Don’t Suggest Your Domain Name to a Friend (1.Viewing)

When a personal friend mentions a search for a brand for a new business or a rebrand of their business, you might want to think twice about mentioning one of your domain name as an option. It may be nice to offer an assist to a friend who might be in the market for a domain name, but the offer could backfire if it is considered.

Domain name negotiations can be challenging, even under good circumstances. Trying to come to terms on the sale price of a domain name is usually difficult. The buyer, who may be constrained by the acquisition budget, business partner, or supervisor, wants to pay as little as possible. The seller needs to get the best possible price for a domain name, particularly on irreplaceable assets. Working with an unknown counter-party is tough, but negotiating a business deal with a friend poses unique challenges.



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I made an even bigger mistake and said to my Brother he could look through my portfolio for his start up.

What do you think he picked?

pure.ca and of course he wanted it at registration cost.

When I explained to him what I spent to purchase it his eyes glazed over and he asked me if that means he cannot have it. I said I love you bro but not that much.

It can definitely make for an awkward situation I'm sure. You want to help, but you also don't want to just give away thousands of dollars and get nothing in return.

I think I would only ever offer a domain to a friend if i knew it was relevant to them and I was ready to part with it for free or at least cheap.