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OFFERS Pinks (1 Viewing)

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rlm

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I don't normally do this since I realize this is not the best place to make good end-user sale, but since this is a domain I'm not particularly attached to, lets play with it.

So I got an unsolicited offer on the domain Pinks.
Their initial bid is $500.
Feel free to place your offer.

Also, feel free to discuss this domain. You can't hurt my feelings.

What potential uses do you see for it?
What do you think its worth to a reseller?
What do you think the bare-minimum end-user price should be?

This domain makes me think of two things really:

1) Pinks as in Pink Slips. as in the Title of your vehicle. Historically used as the ultimate street-race bet, "racing for pinks". You lose the race, you lose your car.

2) Pink Salmon, small salmon (3-5lbs, maybe 2 feet long), ease to catch when running in the rivers, not the best eating, but pretty good smoked.

Any thoughts?
 

MapleDots

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There seems to be a bigger player using the word pink lately which is PinkCherry.ca (link omitted on purpose, you are warned) and they are advertising on billboards all over Toronto.

It would be a quick flip to them for 5k just so they can say Pinks

It's worth a shot
 

rlm

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There seems to be a bigger player using the word pink lately which is PinkCherry.ca (link omitted on purpose, you are warned) and they are advertising on billboards all over Toronto.

It would be a quick flip to them for 5k just so they can say Pinks

It's worth a shot

While I suppose it would be no harm to try, I suspect they like their brand as is (they've had it a long time) and that they wouldn't think that Pinks is an upgrade. They have the cherry in their logo, so dropping the cherry wouldn't necessarily make sense. Furthermore, it turns the more playful innuendo of their current brand into a more directly and possibly considered crude name. I'd personally rate that as a near zero chance of success.
 

Nafti

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I just wanted to say that I never thought I would see the day when you @rlm would list a domain for sale here. The Apocalypse really must be upon us! The end is near! :ROFLMAO:
 

MapleDots

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I just wanted to say that I never thought I would see the day when you @rlm would list a domain for sale here. The Apocalypse really must be upon us! The end is near! :ROFLMAO:

HeHe, Don't jinx it, I think Pink Cherry is a good candidate.

5K can be written off on advertising in a second and fully tax deductable.

Tell them they can use pinks for their discount codes or something.
 

rlm

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Yes, joking aside, it’s obviously a good name and $5K is nothing for a company like Pink Cherry.
I agree that the money would be nothing to them. I'm just not convinced they'd see having the domain as adding any benefit though. Maybe the best argument would be as a defensive registration.

Or maybe I'll keep it and get into the sex toy business.
 

rlm

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I just wanted to say that I never thought I would see the day when you @rlm would list a domain for sale here. The Apocalypse really must be upon us! The end is near! :ROFLMAO:

Lol, well, when the inquiry came in, I thought of some of the recent discussions about valuations and such and thought I'd make a mini case study of it. I just thought it would be fun to see what people thought a good resale price was versus a respectable end-user sale, what other creative uses people might come up with, etc..., then compare that to how my negotiation goes with this offer I received.

Clearly I don't believe the forum isn't good for anything but liquidating domains to raise cash for something else, not exactly what I'd call a sales channel. With maybe the one exception of domain related domains. Or maybe a wild shot of a domain targeted at a particular user's alternate reality - like a lawyer domain or real estate domain or a supplement domain or whatever you know a particular domainer's other business is. That at least has some chance of success to it.
 

rlm

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Pinksburgers.com?

Gotta be worth at least 5K

Ok, so I've got one person who said $5K, another said at least $5K.

I thought maybe this thread would invite more comments, I thought it would be fun to discuss different perspectives, see how different domainers think in terms of pricing and negotiation strategies, etc...

So, maybe lets try it this way for anyone who wants to play along.

Lets say YOU picked this domain up in a TBR for $100 last year. Now you get an inquiry asking for a price. Lets assume that you have no personal attachment to the domain and there is no known billion dollar company lurking out there that you're hoping will come calling. How do you reply?

Do you ask for an offer instead?

Or do you respond with a price?

What price would you ask?

Would you stand firm on that price? Or be willing to negotiate down some percentage?

Just thinking here that this could be a useful learning experience for everyone to see how different people approach it. Maybe I'll learn a better way.

If I get some participation, I'll post details of how I handled it, and if the buyer decides to negotiate, proceed, or walk away.
 

theinvestor

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If it was my domain and I paid $100. I haven’t done much research but with no research and as you said no billion dollar company out there. I would ask for 5K and negotiate and sell it for 3K. Unfortunately; no way I could sell for less than that. Unless I’m selling a domain to another domainer. I don’t see any reason to sell for less than that.
 

DomainRecap

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I just wanted to say that I never thought I would see the day when you @rlm would list a domain for sale here. The Apocalypse really must be upon us! The end is near! :ROFLMAO:

I was thinking the exact same thing. 😩

August was the worst month ever for me (one sale, many many lowballs) but I could always put my faith in RLM keeping it real and still lighting his cigars with a $100 bill.

Alas, no more.
 

rlm

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I was thinking the exact same thing. 😩

August was the worst month ever for me (one sale, many many lowballs) but I could always put my faith in RLM keeping it real and still lighting his cigars with a $100 bill.

Alas, no more.

Sorry to hear that August was bad - although I've had many months with zero sales, so at least you didn't have a complete zonk.

And yes, I do like to keep it real, but I'm waaayyyy too cheap to light cigars with a $100 bill. You've definitely got the wrong image of me! I can pick up 5 unwanted TBR domains with that!!!
 

DomainRecap

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Sorry to hear that August was bad - although I've had many months with zero sales, so at least you didn't have a complete zonk.

Sure, I've had bad months too, but my disappointment is more in reference to the sheer number of low 4-figure offers I received... and then only getting one sale. And not even a good one, I accepted it just to maintain my sanity. o_O
 

domains

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I would say 5k to 10k is a reasonable counter, nothing comes off the top of my head about an obvious potential use, before doing some Google searching, which could reveal a bigger potential use.

Maybe Pinks burgers is about to start expanding, pinks.ca is a much better domain that what they're using. Way better to advertise with.

Would I negotiate down from my asking? would depend on how much I want a sale, how close they counter to the ask, and if I think I can get more for it in the future.

This seems like a domain that would be ok to sell in low to high xxxx range. Maybe like a $2000 minimum.
 
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rlm

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Well no real news in my negotiations. I gave him my price of $7500 + gst/hst. He said he can't afford it but is still interested. I offered a payment plan and willing to be flexible on terms other than price - but even then I was asking for a low 4-figure down payment (just to prevent tire kickers who make one month payment and bail). He followed up today saying he's "working on things to see if I can manage your asking price" and that I should drop him an email after my trip. I probably wont have any further updates on this for about two weeks.
 

DomainRecap

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Good luck with your negotiations.. while conversely here is the "comment" I got this morning from a (cough) potential buyer on GD:

come on its not worth it. your lucky to get 400. if yes accept otherwise keep it, thanks
 

RedRider

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Blues, greens, reds, are all top notch domains, pinks not so much so personally i'd take an offer below the $7,500

Well no real news in my negotiations. I gave him my price of $7500 + gst/hst.