That's an unbelievable price for a four-character domain.
i'm in the process of selling a 4 letter domain name, that stands for a major financial product, that gets 20-30K searches a month, and that's currently ranking #1 for that keyword in Google...and the most I was able to get from the 40 companies I contacted is $7,500(estibot value is at $15K).
And that's for a product, that has a transaction fee based model...to a point where a single customer could be worth 5-10K per month, and a big customer could be worth $100K/mo
BTW the estibot value for the hall.com domain is $294,000
Can't sell names outbound. Someone has to come to you. So this doesn't surprise me at all.
"estibot value for the hall.com domain is $294,000"
Estibot means almost literally nothing. As you said "a domain is worth as much as someone is willing to pay for it"
There is no correlation whatsoever between any domain I have sold and what estibot or any "appraisal" service says about the value of the domain. Although I have used that value if it gives me an advantage with someone who doesn't know about the business.
Question, when you contacted the 40 companies, how did you contact them? (Email, phone, postal)?
"?S? SYSTEMS, [llc|inc|llp|corp]"
(located in a state with skiing).
I've redacted but you should be able to verify..
Of the companies that didn't respond did you take any further steps?
Anyways, the final price ended up at $10K, which is pretty close to what I wanted
When selling a name, doing a trademark search is obviously important. You don't want to pitch someone with a federal trademark registration (this company hasn't received yet they just applied) or if you do pitch you have to be very careful or you will simply alert them and give them what they need to take the name from you in many cases.
With your name though it would have simply been an extra lead but a good lead (since the UDRP risk (in my opinion based on what I see on a quick check) is low and they value the term enough to trademark.)
Also, the first thing you also need to do when someone approaches you (before replying) is to check the uspto http://www.uspto.gov/trademarks/index.jsp to see if they have a trademark or if the person inquiring can be linked to the trademark. Can't stress this enough.
Anyways, the final price on ebpp ended up at $10K, which is pretty much what I was hoping for
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