When I set my prices for domain names I am looking to sell, it is more of an art than a science. There are a number of considerations I balance to set prices on my domain names. Here are some of the factors that I consider as I am setting prices:

• Purchase price
• Comparable sales
• Comparable domain names for sale
• Market conditions
• My business conditions
• GoDaddy appraisal on listings that will show the appraised value
• Gut feel

After evaluating all of these factors – some more than others, I set the price for each domain name. Most of these factors are considered very rapidly, and I often defer to gut feel above all else, thinking, what can I imagine an end user paying to buy this domain name in a reasonable amount of time?

Andrew Allemann wrote an article yesterday to speak out about taking advantage of the coronavirus outbreak in order to profit from it. I understand that in dire straights people might do things they would not ordinarily do to feed themselves and their family, but I echo what he said and would strongly urge people to not buy coronavirus related domain names, especially if they intend to do outbound marketing to sell them.

Case in point, PRWeek published an article that discussed one such outbound marketing effort made to try and sell coronavirus related domain names to Carnival Cruise Lines and its Chief Communications Officer, Chris Chiames. Not only was Mr. Chiames upset by this outbound marketing effort, he posted the exchange on LinkedIn for all to see. Here’s an excerpt from the PRWeek article: