My tweet from earlier this week seems to have struck a chord with Domainers

morgan-linton-tweet

On Wednesday, as I was walking to our office I was thinking about an offer I got on one of my domains recently. The buyer was insistent on buying the domain for the price that I paid, despite the fact that I bought the name five years ago and definitely bought at wholesale. I was trying to explain to him that in life, there are people who buy things at wholesale and sell them at retail. For example – any store you buy anything from.

That didn’t seem to resonate with him so then I thought I’d ask – do you own a home? “Yes,” he said.

Then I asked him when he bought his some. “20 years ago,” he said.

Great, then I said – why don’t we make it a fair deal then, you sell me your house for the price you paid, and I’ll sell you my domain for the price I paid. If you truly believe that when you buy something, the value stays the same forever and should be available to anyone in the future for that price, put your money where your mouth is…

That hit home. It’s weird but every once and a while you can break through, and this time it did. That being said, in the end I still didn’t end up selling the domain since his budget was way too low, but it got me thinking, and inspired this tweet, which it seems like a lot of people can relate to.

So next time someone is trying to buy that one-word .COM you bought back in 1996 for $100, just tell them, sure – if I can buy your house from you for the price you paid. Win-win, right?

{ 10 comments… add one }

  • Jose August 10, 2018, 9:57 am

    Morgan, Fantastic answer!
    Be the ones to go down in the history of this market domains.

    Happy day.
    Jose.

    Reply
  • Anon August 10, 2018, 10:13 am

    Perhaps these same people believe that they can walk onto any Native American reservation across the U.S.A. and demand that they give them a piece of their land to them for free because, after all, the Indians didn’t pay for it and they are not even using it!

    Reply
  • sobrodomains August 10, 2018, 10:59 am

    nice great read!

    Reply
  • Suresh Raghavan August 10, 2018, 11:11 am

    Good one

    Nobody walks into a Ferrari dealership and offers them 10K for the car. True, domain names are lot tougher to Appraise and that leads to a lot of ignorance and in some cases arrogance

    Reply
  • Chris August 10, 2018, 1:03 pm

    I won’t sell you my home for the price I paid, but I will sell you it for the price I would be willing to pay for it now, plus a third. As would most home owners. But those are terms that no domain seller will offer.

    Reply
  • Anon August 10, 2018, 2:24 pm

    The other one I’ve heard is, “that’s like walking into a high-end NYC art gallery, pointing at the Picasso painting on the wall, and saying ‘I’ll give you $50 for it.'”

    Reply
  • Tony August 11, 2018, 2:39 pm

    Domains went up 1,000,000% in 20 years. Real estate went up maybe 500% in that time. Not even a fair trade.

    Reply
  • Kemji August 13, 2018, 7:14 am

    You got em this time Morgan! ha ha

    Reply
  • sohail roshni August 15, 2018, 4:40 am

    lol.nice post.ive had buyers asking to sell my names at a small profit.many refuse to understand the underlying value a domain brings to their brand.
    sohail roshni

    Reply
  • Jonnie August 23, 2018, 5:04 am

    What should you felt obsessed with your to do” checklist?

    Reply

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