I Received A Call And An Email Asking To Buy A Domain Name I Created.?

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I got a call from someone stating that he represented a company that produced editing software and they were creating product names and then searching to see if they already existed. I had a website, now defunct, that bore a name they wanted to use. I still own the domain name. They offered $250 for me to turn it over to them. No problem, but what sorts of things should I know in order to be sure it’s a legitimate deal and I’ll actually get a check? What would you do?

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"I Received A Call And An Email Asking To Buy A Domain Name I Created.?" was posted on Friday, August 14th, 2009 at 8:24 am.

5 Responses to “I Received A Call And An Email Asking To Buy A Domain Name I Created.?”

simplegu(2009-08-14):

first and foremost, get them to put their offer in writing. Have them mail you a paper contract that specifies how the transaction will happen, what your responsibilities are and what their responsibilities are. This does not have to be long and complicated, but it should not leave any important questions unanswered, i.e. like how and when you will receive payment. Be sure this includes verifiable contact information (i.e. physical as well as mailing address, if the two are different and the names of the people and companies you will be dealing with and how they relate to each other. For example, if an external consultant is the one talking to you about selling your domain name, be sure that he has authority of the company to make the purchase on their behalf. Also watch out for a “middle man” who has inside knowledge of a product this company wants to release and simply wants to grab your domain name so he can turn around and sell it for a huge profit. I personally do not know how you establish a “market price” for a domain name … this probably depends on the size of the company and how badly they want it. It might well be that $250 is a fair price … and if you try to bargain for more they might just move on … I have no idea. I also do not know if “cyber squatting” laws might apply since you say your site is “defunct”. I am sure $250 to get you to sell your claim to the domain voluntarily is much better deal than trying to battle you on this front … if they even have a claim (probably they do not since it sounds like the product naming phase is not yet complete)
If you want to be as safe as possible, take the offer (i.e. the contract that both you and the buyer will sign) to a lawyer and have him/her look it over. This will probably cost you between $20 and $50 but at least he can give you an independent evaluation of the deal from the legal perspective.
NasCarl #99(2009-08-14):

I wouldn’t fall for it .There are just too many scam artist out there now day’s after your personal information .
J *(2009-08-14):

Well I would ask them to pay more first of all.
Make them pay 1k or more.
MAKE THEM PAY!!!!
(Oh yeah and to answer your question – Put in in a contract. Make sure you get a valid address for the company. Get at least two contact phone #’s. Verify they are a real business.)
Good luck!
GG(2009-08-15):

If you have a website already established then they are just trying to make money from you to further develop the site. If not they want you to pay them to build your site.
I have two sites and they try to make me move them to their servers all the time. That is one disadvantage of not having websites contracted out………….. you have to deal with dorks.
I would disregard the invitation since, it seems, you already have a website.
D. J(2009-08-15):

If a company goes through the trouble of calling you Im pretty sure that they would be willing to pay more than 250$.