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Azam.com - should I sell it for this price? Advice please

Discussion in 'Domain Appraisals' started by Azam.biz, May 4, 2006.

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  1. Azam.biz United Kingdom

    Azam.biz Active Member

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    I have been getting about three or four emails a month asking to buy the domain name. None of them have progressed to a serious bid, but I have now had an offer for £40,000/US $73,600 for azam.com. We've been negotiating for weeks and the guy is keen to press ahead with the paperwork.

    It means a lot to me. I bought it about four years ago from a Canadian corporation after contacting them for years and offering them more and more money.

    There is nothing much on the site at the moment, but I have had plans for years to set up a mini-portal on it. As well as my online businesses, I am a writer, having worked as a journalist for years, and would like to put my writing online and help push my brand so that I can get books published in the future.

    I have been busy on other projects, but a super new site was due to go live in Quarter 3 this year.

    It has emotional value for me as it is my surname, but I could use nazam.com instead, which is based on my first initial and surname if I sell azam.com

    I have already marketed the brand heavily and the domain pulls in a few hundreds visitors a week. I use azam.com as my username in forums, for my email address, business name, bank account etc. So I'm reluctant to sell. But $73,000 is a heck of a lot of money for me.

    What should I do?

    Also, is there a high quality valuation service out there that anybody would recommend please?

    Thank you.
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. aqls

    aqls Well-Known Member

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    azam.me.uk avail for £5.00

    pocket the difference!

    -aqls-
     
  4. wwwdomain.name

    wwwdomain.name Well-Known Member

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    ........................
     
    Last edited: Aug 15, 2006
  5. wwwdomain.name

    wwwdomain.name Well-Known Member

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    ..........................
     
    Last edited: Aug 15, 2006
  6. chs United Kingdom

    chs Active Member

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    £40k will get you a bunch of quality co.uk generics in whatever your chosen field is. Do you need the global presence of a .com? If not I'd sell at that price.

    I've never seen a valuation service worth using, check out dnjournal.com for previous .com sales... thats the best indicator in my opinion. Be aware that type in traffic plays a big part in the higher priced sales.
     
  7. retired_member26

    retired_member26 Banned

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    Forget mini portal or whatsoever. That is a once in a life time offer for that name. Sell it.
     
  8. rob

    rob Founding Member

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    It seems to be on ebay now, here will be interesting to see if / where it ends up!
     
  9. chs United Kingdom

    chs Active Member

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    A high starting bid and a zero feedback seller - might put a few people off. Best of luck with the auction though Azam.biz.
     
  10. willbon United Kingdom

    willbon Active Member

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    Sorry to buck the trend... but i would say keep it... if you can afford to?
    Nothing will replace it and if you can market it to its potential, then DO!

    Good luck!

    Will
     
  11. zehrila Pakistan

    zehrila Active Member Full Member

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    Congrats Nadeem, Buyer must be some millionere Arab with oil factory/ies and definately you can pull more for that name i mean if i am millionere and my own name dot com fancy me i would not hesitate spending big bucks for my name dot com. You might not be able to find BIG potential customer like that again if you decline him.As wwwdomain said give it proper media coverage and get it sold, you would earn a goodwill and name which might end up getting you more customers and definately you can spend that decent sum of money on buying more generics and sell them each for $70k or more after next few years or invest in your business which ever you prefer.But apart from all that just think for few moments that would you be HAPPY after giving away that domain or you would be UNHAPPY after declining that offer ? hope you get the point and best of luck :)
     
  12. Azam.biz United Kingdom

    Azam.biz Active Member

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    Just wanted to post to thank you all for the very kind comments.

    Will, I agree with your sentiments and I was seriously tempted to hang onto the domain name but I know from trying to sell domain names for seven years that such oppportunities arise very rarely and sometimes you just gotta take the money and run :)

    Zehrila, I'm both happy and unhappy. Heartbroken to sell the domain name I struggled to acquire for years which is my surname and I wanted to build a major site around, but maybe I can wipe I away my tears with the notes...

    Had to sign a chunky contract which means I can't say too much, but I got what I wanted and thank you for all your positive remarks.

    Now off to try to flog another four character .com beginning with 'a' which I just grabbed today, axoy.com ;) ...
     
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