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Introduction - Domaining for Amateurs: The True Story of Selling a Domain Name

Introduction

I bought the domain name table.com for my then-fledgling company Round Table Group way back in 1995.  roundtable.com was already in use, and roundtablegroup.com seemed too long, but table.com was still available.  Over the years, we used both table.com and a subdomain round.table.com.  Eventually we decided to switch to just roundtablegroup.com (because that's what our clients were typing in), so we haven't used table.com in several years.  Sort of a shame, since table.com is so short and sweet!

We didn't have a particular plan to sell the domain, but we didn't have a real plan for the domain either, and unsolicited inquiries kept coming in.  At first, because most of the notes weren't tangible (for example, "I'd like to buy your domain name.  Are you interested?"), I thought they were a new kind of spam!  As it turns out, there is a nifty feature on networksolutions.com (as well as on the sites of other domain brokers) that allows you to send a note to the owner of a domain making an offer.

Eventually, someone offered me $50,000 for table.com, and I paid attention.  It seemed like a lot of money, and would have been a good return on investment for us (the puchase and maintenance on the domain over a decade probably came to only a couple hundred dollars), but was $50,000 was a good price or not?  It was hard to say.  How could I find out?

This blog (which can be read historically through the monthly archive) is the story of an accidental domainer, the true story of selling a domain name.

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This page contains a single entry by Chris Crone posted on July 28, 2007 8:37 AM.

What is Domaining for Amateurs? is the next post in this blog.

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