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Sell out or not? need some advice..

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eastAR5
Posts: 15084 - Karma: 730
I bought the domain Facebookmarketplace.com a while back for about $6.50 just on a whim... I was pretty shocked it was available to buy at the time actually. anyways this company has contacted me wanting to purchase the name for their client.

They claim their client's budget is around $500, meaning I could probably get $750 or something out of them. If I ask for too much, I can tell they will just use a different name that isn't nearly as valuable and stay near their budget (unless they are bluffing). Trying to make a decision today or tomorrow... it's really tempting to having a free $750 transfered to my bank account today for doing absolutely nothing but sitting here drinkin ice tea and puffin on a stogie, but at the same time it's not a lot of money.. and I don't want to make a decision I regret in 6 months, a year etc.

Anyone with some experience with domain trading/value/appraisal who has advice thatd be sick


What I have gotten so far from the two people I talked to is that I shouldn't sell and that the name could be worth far, far more.... but paper is like pussy, it's very hard to say no when it's easy and clean



Aug 13 2010 10:04AM
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blong131
Posts: 2193 - Karma: 59
DO NOT sell it that low. even at $750. imho.

zuckerberg refused to sell facebook to yahoo for 1 BILLION DOLLARS.

hold on to that shit dude. im telling you, that domain will be worth thousands in a year.
Aug 13 2010 10:09AM
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blong131
Posts: 2193 - Karma: 59
im actually considering offering you $750 now and rescinding my statement.
Aug 13 2010 10:11AM
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Gnams
Posts: 891 - Karma: 31
Wait it out dude. Most websites with that kind of name get payed a shitload for the domain name. That company is lying they are just trying to rip you off for as little money as possible
Aug 13 2010 10:14AM
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joshua
Posts: 5046 - Karma: 1,280
Yeah don't sellout, $750 is nothing. You don't want to be kicking yourself years down the road.
Aug 13 2010 10:15AM
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Hack.The.Pow.
Posts: 1294 - Karma: 25
Yeah I say sit on it. Are you actually doing anything with the domain or have any plans to use the domain?

that can be worth a lot more than 750 I guarantee you. What was the name of the company that wanted to buy it?
Aug 13 2010 10:20AM
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Ski_the_east01
Posts: 5203 - Karma: 2,306
They won't give up their clients name

but you should look into talking to a lawyer that specializes in domain name issues, I'm sure he could give you a lot more advice than anyone on here...plus your going to want someone to look over the contract that they want you to sign (if) when you sell it

Thats awesome tho, great $6.50 purchase
Aug 13 2010 10:22AM
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Oreos
Posts: 1207 - Karma: 38
honestly facebook is big but how much do you think it'll grow in years to come (percentage terms) not a huge amount in my opinion unless BRIC gets it's arse into gear modernising their whole populous soon. so will it be worth much more later on, not a massive amount.

will they be able to find another domain name easily? probably. and anyway there is already a marketplace function on facebook as it is, it hasn't taken off massively, so it's not like you're on the edge of a huge evolving market. people are always going to go to ebay or craigslist

you have a large large amount of profit (again % terms) take the win, dont screw yourself.
Aug 13 2010 10:23AM
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eastAR5
Posts: 15084 - Karma: 730
The only thing I am worried about is laws.... I mean in my fantasy Facebook would contact me themselves and just throw me like 100k or something that is pocket change for them.... more realistically I would just wait for a fat enough offer from a company like the one that contacted me but who has a higher budget to buy.

But anyways because it's using their trademarked name, is there any concern over losing it? I feel like I am good and think there is no law around using their name as long as I do not make a website that breaks any copyrights or has any of their content
Aug 13 2010 10:26AM
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blong131
Posts: 2193 - Karma: 59
dude, facebooks going soooooooo much further. theres ridiculous room for growth, and if you dont see that id go so far as to say youre ignorant to the grand scheme. im convinced facebook will be the next google, and thats saying a hell of a lot. Ive talked to alot of other speculators about this and everyone seems to agree.

and i was lowballing my first comment now that i decided to look it up. in 07, google offered facebook $15 billion. zuckerberg knows exactly what hes doing.
Aug 13 2010 10:27AM
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blong131
Posts: 2193 - Karma: 59
just cash park it dude, youll have no problems.

actually. if you wanna let me buy a 50% stake in the domain ill paypal you $350 right now. i dont know exactly how that would work, but im convinced you made a great investment.
Aug 13 2010 10:28AM
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Oreos
Posts: 1207 - Karma: 38
give me an example of a sector which it has not tried to exploit and not failed at? or something it hasn't tried and could boom in....
Aug 13 2010 10:29AM
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blong131
Posts: 2193 - Karma: 59
facebook is becoming one of the most valuable brands in history. companies are advertising for it. watch commercials, look at billboards, etc. companies are linking themselves to facebook as if its their own site.

facebook is developing a real life Matrix in my opinion. its the greatest means of communication and development of a web presence the world has ever seen.
Aug 13 2010 10:34AM
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DockEllis
Posts: 1131 - Karma: 1,745
annnd it has it's own movie coming out...saw a preview for it, just saying
Aug 13 2010 10:37AM
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eastAR5
Posts: 15084 - Karma: 730
^ There is no doubt... Facebook is a fucking phenomenon and will only continue to explode. I have a older friend who owns a networking/marketing/web agency (www.transmyt.com) and he basically said the same shit you said. His best advice was that if someone contacted me out of the blue without this site having any content on it (it's just a parked page) or having it listed on any domain auction sites, that there is going to be more offers in the future


And To the other guy, you're right as well, I'm not trying to fool myself into thinking that I am going to make some massive amount from this and retire to an island...... but I feel like I should be at least getting something in the thousands, not $750 which while would feel nice, really isn't shit


I think the main thing is for me to just get keyword based content on the page and submit it to as many search engines/auction sites etc as possible so that it starts getting mad visitors. /? Fe



Aug 13 2010 10:39AM
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wesley.
Posts: 6483 - Karma: 1,049
make those "like page" link things so 14 year old girls will visit your website every ten minutes to like stupid stuff. example... http://go.mikeandlike.com/
if you want it start to like stuff on your page i have lots of stupid facebook friends
Aug 13 2010 10:42AM
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wesley.
Posts: 6483 - Karma: 1,049
sorry i meant if you wwant me to like random stuff on your page my stupid facebook friends will also like stuff increasing the traffic
Aug 13 2010 10:45AM
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ted.d
Posts: 976 - Karma: 53
http://facebookmarketplace.com/

what is this?
Aug 13 2010 10:46AM
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Brenone
Posts: 4944 - Karma: 296
Definitely do not sell it now. Facebook has been trying to break into Craigslist's market of free classifieds but creating their own marketplace (which Im sure you already knew since you were smart enough to purchase the name). FB is branching out all over the place with their pending IPO coming up and they've pumped millions of dollars into this project already.

This article is kind of old but:
http://news.cnet.com/8301-13577_3-10185534-36.html

http://apps.facebook.com/marketplace/

Aug 13 2010 10:48AM
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eastAR5
Posts: 15084 - Karma: 730
Click for larger image


posted in some nerd forum....here's basically the only shit I am worried about ^^
Aug 13 2010 10:51AM
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ted.d
Posts: 976 - Karma: 53
Is 750 their highest offer or would they give you more if you didn't sell it for 750?
Aug 13 2010 10:54AM
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PASKIINGSUCKS
Posts: 9097 - Karma: 777
I say sell it, I mean you've got a promised 495 dollar profit right now basically. Otherwise you've got nothing but a chance, and not really a great chance if you ask me. Is someone gonna seriously pay major bank when they could just adjust the name a bit?
Aug 13 2010 10:56AM
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I_Am_Mod
Posts: 13214 - Karma: 3,753
i'm quite a noob, but where can one purchase domain names like that ?
Aug 13 2010 11:01AM
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Oreos
Posts: 1207 - Karma: 38
you've covered advertising. an existing market place for facebook and one which is the fundamental of all internet sites who wish to make money without selling goods.

but you're right it is a huge marketing opportunity but that, for me at least, is where it ends. coming to the ripe old age of 21 i'm very bored of facebook and would never think of replacing any other current internet sites (for example car insurance, flights, train times, amazon) with a facebook equivalent.

Aug 13 2010 11:02AM
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FattyPLankers
Posts: 68 - Karma: 12

Honestly, if you get a good price now it may be worth selling. Alot of these domain names r very generic. Youd be making over a 100* profit on your original investment. I had a buddy who created a site very close to the idea of texts from last nite. Around about the same time. After sinking alot of money into it, they didnt want to sell it. Turned down a decent offer, later on the thing flopped and now is worth nothing. The internet is a fickle thing. If your just gonna park money, sometimes you just gotta take the money and run.

Take Rupert. The guy paid up for Myspace, which we all know is worth nothing these days. Facebook has a alot of domain names. You never know which way companys will go.

Aug 13 2010 11:03AM
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Oreos
Posts: 1207 - Karma: 38
the idea with facebook is you go to facebook.com and then from there. from one site to many just by clicking not by typing in a new address. you don't got to facebookmaketplace.com or facebookmusic.com, if that were they case you may as well just go to ebay.com or amazon.com instead.
Aug 13 2010 11:07AM
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skiierman
Posts: 28699 - Karma: -5,563
that's because he legally cannot right now... something about a contract that he made before facebook. but hold onto it. its only 6 bucks of invested dollars.
Aug 13 2010 11:20AM
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eastAR5
Posts: 15084 - Karma: 730
you would be very surprised how this shit works.


literally EVERY one-word or phrase .com in the dictionary is taken. Most two-word combinations are as well.


facebookmarketplace.com is no doubt a valuable name. It doesn't matter if people log into facebook like normal and go to the market place, it's about the name it'self and the hugely-searched keywords that is it comprised of


business.com is worth billions


businesssss.com is worth nothing. feel me
Aug 13 2010 11:21AM
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blong131
Posts: 2193 - Karma: 59
wouldt it have been awesome to have bought like 1000 domains of just simple words like 5 years ago? youd be rollin.
Aug 13 2010 11:33AM
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PASKIINGSUCKS
Posts: 9097 - Karma: 777
Meh then hold it if ya know what your doing I guess. Your right I have no clue whatsoever about this type of thing. Hold out for your 10 large or 100 or billion then, good luck to ya. For your sake I hope your wrong about your worries and they don't just snatch it from ya, doesn't sound like that could happen though. If they could it probably would have been snatched up already.
Aug 13 2010 11:40AM
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eastAR5
Posts: 15084 - Karma: 730
forreal i cry everytime I think about myself back in 1998 connecting to my dial-up..... if only i knew back then. Could of taken my lunch money and invested it, would literally be getting sucked off by dub models on a helicopter mounted on top my 1000 foot yhat while eating lobster in the grand caymens right now


anyone who watches entourage... "stamps.com" guy so ridiculous ha
Aug 13 2010 11:44AM
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blong131
Posts: 2193 - Karma: 59
all could have probably been bought for about $5 a piece back when we were connecting with dial up.

1. Insure.com, sold to QuinStreet for $16 million in 2009.
2. Sex.com, sold for $12-$14 million in 2006.
3. Fund.com, sold for $9.99 million in 2008.
4. Porn.com, sold for $9.5 million in 2007.
5. Business.com, sold for $7.5 million in 1999.
6. Diamond.com, sold to Ice.com for $7.5 million in 2006.
7. Beer.com, sold for $7 million in 2004.
8. Israel.com, sold for $5.88 million in 2004.
9. Casino.com, sold for $5.5 million in 2003.
10. Toys.com, sold to Toys ‘R Us for $5.1 million in 2009.

Aug 13 2010 11:53AM
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soulskier
Posts: 17806 - Karma: 3,841
I'd say sit onit unless you're really in a pinch and need the money, anyone telling you to sell it now is obviously working for them
Aug 13 2010 11:56AM
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nomensteven
Posts: 4 - Karma: 105
I would sell it. In my opinion facebook is pretty close to peaking in growth and you want to get rid of it while it is hot. Facebookmarketplace isn't the most desirable domain to begin with, it is too long and could easily be switched with an alternative name. The big money is usually for shorter domains (the ones listed above in a post are much shorter). So yeah, I would sell personally, maybe make them an offer of $2000 or something. You don't want to be stuck with myspacemarketplace or aolmarketplace 10 years from now.
Aug 13 2010 12:03PM
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RockyMountnHigh
Posts: 990 - Karma: 14
Don't sell because I mean really all your risking is 6 dollars. Just wait it out because like you said keywords are worth so much more.
Aug 13 2010 12:11PM
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nomensteven
Posts: 4 - Karma: 105
No he is not. He is risking 744. Opportunity cost.
Aug 13 2010 12:13PM
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Abc567def
Posts: 8756 - Karma: 801
I say hold onto it, If they are willing to offer you that much money to begin with then they have most likely looked into the legal side of trademark infringement with the association to FB. For this reason that automatically increases the value of your domain name and have either already made a plan to start their own organization where they would be through extension be able to BST items between like friends on FB. So basically a craiglist of extended friends where you don't have to worry about the legitimacy of alot of the traders online as well as the majority of it would be local. They would then have the option of selling the idea/domain name off to FB themselves where they would be able to get a much much larger settlement then they are offering you. If they were to take say one percent of the total sales on all FBmarket place sales then they would be potentially able to make thousands if not hundreds of thousands of dollars.
Aug 13 2010 12:25PM
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owned
Posts: 345 - Karma: 10
I'd say find out the laws concerning this topic. Like someone said above, talk to a lawyer who is versed in this topic or do some research online. Find out for sure if facebook can take that domain away from you in the future. If they can not take it away from you, definitely wait it out for a huge offer because that is an awesome domain name.

If they can take it away from you, don't wait. Sell it in the next month or two. If you get an offer, be aggressive and try to augment the price as much as possible.

But don't take any action until you find for sure what the laws are.
Aug 13 2010 12:25PM
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Travapple.
Posts: 6787 - Karma: 88
this.

shit, i need to start investing in domain names.
Aug 13 2010 12:38PM
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Wolvmatt.
Posts: 529 - Karma: 12
This.
Aug 13 2010 12:53PM
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eastAR5
Posts: 15084 - Karma: 730
speaking with lawyer then proceeding
Aug 13 2010 1:02PM
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owned
Posts: 345 - Karma: 10
wise decision
Aug 13 2010 1:06PM
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Schlop
Posts: 3640 - Karma: 24
My dad has one called realestate.com, some company wanted to buy it for $60,000 but he denied and said it would be worth a million. That was years ago and I haven't heard anything since.. looks like he missed out
Aug 13 2010 1:15PM
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PASKIINGSUCKS
Posts: 9097 - Karma: 777
this is just insane to me that these things go for this much. I guess the internet really is serious business.
Aug 13 2010 1:22PM
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Static
Posts: 8553 - Karma: 4,089
wise choice for the self proclaimed king
[IMG]http://images.media.nscdn.com/phpThumb.php?src=http://media.nscdn.com/uploads/cache/images/1225253007-657526-249x232-9868king.gif[/IMG]
Aug 13 2010 1:23PM
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Static
Posts: 8553 - Karma: 4,089
haha o well
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Aug 13 2010 1:24PM
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Schlop
Posts: 3640 - Karma: 24
hahahahahha best picture ever
Aug 13 2010 1:28PM
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pmw
Posts: 5760 - Karma: 831
wait a minute.....did he take that?!

hahahahahha
Aug 13 2010 1:57PM
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MAJESTY
Posts: 157 - Karma: 10
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Aug 13 2010 2:17PM
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owned
Posts: 345 - Karma: 10
LOLOLOLOLOLOLOLOLOLOLOL
Aug 13 2010 2:25PM
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Brenone
Posts: 4944 - Karma: 296
14 year old voletta?? WTF?
Aug 13 2010 2:27PM
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