I bought a domain name recently, and I did a bit of research to see the prices of similar domain names. This should help me determine my asking price if someone inquires in the future. If you see names that are for sale but aren’t priced, don’t be afraid to ask the owner for their prices and whether or not they have received offers.
There are a couple of reasons for finding out the prices of similar domain names.
The first reason is that prospective buyers will likely find those other names and inquire about them. If a similar domain name is for sale for $2,000 and you are asking $25,000, you may have a difficult time selling.
The second reason is that you may find a similar domain name to be affordable, and if you buy it and package it with your name, you could yield a larger profit. The obvious downside is that you are adding more risk to your investment if the domain doesn’t sell.
When I did some research for this new acquisition, I saw that the exact match .CO was listed for sale on Sedo. The landing page says the domain name has received 7 offers. I am going to email the owner and see if he can share his asking price as well as the offers. If he turned down substantial offers for the .CO domain name, that insight can help me price my domain name.
I think it is wise to know the asking prices of other domain names that might help you price your domain name or potentially become an acquisition target for your business. I don’t really see any downside to asking.