Today, I received an offer on TimeTraveler.io directly from the CEO of a software company. The initial offer was 3k, which I countered with 20k. He then offered to purchase TimeTravel .io at the bin price of 5k, which I know to be a fair price since it belongs to Dan Lander.
As for negotiating with a CEO and deciding which name is preferred, it's important to consider the context of their offer. If they are willing to pay a higher price for one name but offer a lower price for another, it could signal which name they value more.
However, it's also possible that they have different budgets or priorities for each domain. Ultimately, it's up to the individual to determine how to approach negotiations and make decisions based on their own goals and values.
It's not about whether 3k or 5k can change your life, but rather what you plan to do with the money.
If you're able to invest them wisely and get a high return, then it's definitely worth taking them.
However, if you plan on letting the money sit idly in a bank account, it may be better to wait for a more lucrative opportunity.
As for me, if I could, I'd try to locate the owner of time travel and offer up to $500 to buy their name.
It's always interesting to think about the possibilities and potential benefits of owning such a unique domain name!
The initial offer of $3,000 for the TimeTravel.io domain suggests the CEO may have been testing the waters, hoping to secure the domain at a significantly discounted price. Your counteroffer of $20,000 demonstrates that you have a solid understanding of the domain's fair market value and are not willing to undercharge.
The CEO's subsequent offer to purchase TimeTravel.io at the bin price of $5,000 is an interesting development. This could signal a few possibilities:
1. The CEO values the TimeTraveler.io domain more highly and is willing to pay a premium price for it, while viewing TimeTravel.io as less crucial to their business strategy.
2. The CEO may have a more limited budget or stricter financial constraints for the TimeTravel.io domain, while being able to allocate a higher amount for the TimeTraveler.io domain.
3. The CEO may have conducted their own research and determined that the TimeTravel.io domain, while valuable, is worth closer to the $5,000 bin price, rather than your $20,000 counteroffer.
It's important to note that the CEO's behavior does not necessarily reflect the true valuations of the domains. Their priorities, budgets, and strategic considerations may differ from your own assessment as the domain owner.
When negotiating with a CEO, it's crucial to look beyond just the monetary offers and try to understand the underlying motivations and decision-making processes. The CEO's willingness to pay a higher price for one domain over the other could suggest which name they deem more critical to their business operations or brand identity.
However, it's also possible that the CEO has different budgets or strategic priorities for each domain, and their offers may not be directly comparable. As the domain owner, you should carefully evaluate the offers in the context of your own research, financial objectives, and a clear understanding of the fair market value of the assets.
Your decision should be guided by what aligns best with your personal and business interests as a domainer. While the CEO's behavior can provide valuable clues, the final choice should be based on a holistic assessment of the situation and your own strategic considerations.