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CashflowBuilders.com For Sale

Posted By Craig Whitley     October 28, 2020     564 views     0 likes     0 comments
Craig Whitley, a domain name investor and entrepreneur, received an offer for CashflowBuilders.com today.  He explains how he typically handles unsolicited offers to buy one of his domains.

I received an unsolicited request to purchase my domain name, cashflowbuilders.com.  I have had several offers for this domain over the previous ten or so years.  I've always known it would be a valuable and sought after domain name for anyone operating a financial services firm, an Internet marking firm, or just about any business that teaches others how to make money, either online or a brick and mortar business. 

It will be interesting to see if a sale goes through this time.  I'll keep you informed and let you know how the process goes.  Most of the time that a sale doesn't happen it is because the prospective buyer has no idea of the true value of domains and thinks they can get a domain on the cheap, typically not willing to offer more than $100 or $200.  In most cases these come from small startup's that have literally no real capital to speak of and cannot afford what a domain is truly worth.   

I can usually find out quickly if a prospective buyer has the money and is serious if he or she offers a minimum of $500 as a starting bid.  The last domain I sold started as a bid to buy my domain for $500.  It was a six-letter dot com that only had value to the guy who wanted it.  After doing some research I was able to determine that the guy was more than likely trying to buy the domain name because it was his last name.  It was a very unusual name and I knew if I didn't sell it to him I might not ever be able to sell it.  He started at $500 and I countered at $6,000.  After going back and forth through an intermediary at Godaddy, we eventually settled on a selling price of $4,500.