I had an inquiry on one of my domain names from an end user buyer the other day that made me laugh. My domain name is parked on the Domain Name Sales platform, and instead of monetizing it, there is an inquiry form so that visitors know that the domain name is for sale.
Instead of filling out the form, the prospect called me on the phone. He called DNS as well, which is how I know that he had visited the landing page before connecting with me. After a brief conversation, he asked for the price of the domain name, and I shared the low five figure price, which I think is fair.
He sounded surprised and told me that he wouldn’t be interested in buying the domain name for that much. I asked what he thought was a fair price, and he told me that he was happy to take it off of my hands since I wasn’t using it. He indicated that he felt he was being generous by giving me a little something for a domain name that I wasn’t using.
While I appreciated the “generous” offer of giving me something for my “unused” domain name, I decided to pass on the offer. I told him it was an investment, much like someone would be unused beachfront property, either hoping to use it for a beach house or sell it to someone who wants to have a home on a great plot of land.
For whatever reason, some people still don’t see parallels between undeveloped domain names and unused land. I think I should start trying to buy real estate using this thought process and see if anyone wants me to take some of their beachfront or mountainside land off of their hands for a pittance.