My dad bought a domain name, now a company with that name wants it...

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F

fumbduck

Diamond Member
Aug 21, 2001
4,349
0
76
My mother started her own "Pilates" Business, if any of you don't know what pilates is, its a type of exercise/physical therapy, lots of celebrities use it.

My dad bought her the domain name:

ThePilatesPlace.com


now, a business in Nevada opened up with the name "The Pilates Place" and they are in the process of trademarking it.

They want to purchase the domain from my father. He has no idea how much he should ask for.


Any ideas?
 
M

MercenaryForHire

Lifer
Jan 31, 2002
40,819
2
0
Whatever the hell he wants. If she's got an established business and the records to back it up, he's got them bent over the proverbial barrel.

I suggest a combination of a big lump sum plus annual fees. :D

- M4H
 
Joemonkey

Joemonkey

Diamond Member
Mar 3, 2001
8,859
4
0
well what's the name of your mom's pilates "place"?

how difficult would it be to buy another domain name and transfer over the entire website?

It's not all about the $$$ ya know, but I would ask for a reasonable sum of $10,000
 
R

Red

Diamond Member
Aug 22, 2002
3,704
0
0
Just ask them to make an offer. I can't find them on the internet anywhere, so its not a chain and they probably don't have any money. I'd say either sell it to them cheap because it could probably help their business and your mom doesn't really need it...

Or (2) wait until their business grows up, they are worth a couple mil, and have them offer your dad like $20,000 and you can buy a new 6-speed Accord.
 
F

flot

Diamond Member
Feb 24, 2000
3,197
0
0
Probably not worth much at all. Do you have any info on the size/status of the business in Nevada?

I'd say that at this point in time even a decent domain isn't worth more than a couple thousand $. Off the top of my head, unless "The Pilates Place" is a multi-site huge successful franchise, I don't see the domain getting more than $500 or maybe $1000.

But ?? who knows. Honestly, if they want to purchase, ask them to make an offer. Just respond politely and make the first move.

 
S

sillymofo

Banned
Aug 11, 2003
5,817
2
0
If it is in fact worth something to you, then sell it to them what you think it's worth. If you can live without it, don't try to be a "squatter" and claim ridiculous prices for a proverbial site name.
 
S

ShotgunSteven

Lifer
May 31, 2001
15,326
2
0
Anything you own is worth exactly however much someone else is willing to pay for it, whether because they want it, or because they (believe they) need it.

My folks, for instance, own five acres of land in Washington state. The official appraisal is about $17, 500.00. The thing is, the five acres of land happens to be right in the middle of a multi-million dollar housing and golf course project. The company doing the project owns everything around it for some distance. Everything else is all nicely groomed, landscaped, with lovely houses built on the lots... with five acres that's just been allowed to grow wild right in the middle. Then they really drove them nuts and let a logging company come in and log all the trees that were worth anything, so there are a bunch of ugly stumps there now, too.

I wonder how much we could make their property values plummet if we moved a double-wide onto the five acres? ;)
 
L

lowtech1

Diamond Member
Mar 9, 2000
4,644
1
0

It all depend on alot of things & how much the company want that domain. PriceWaterHouseCoopers paid $200,000.00 for Monday.com (IBM now own it) when the IT department of 35,000 people split into its own entity. And it was though to be the correct price that PWC paid for a local newspaper here that have been around for 40 years.
 
L

lowtech1

Diamond Member
Mar 9, 2000
4,644
1
0
Originally posted by: ShotgunSteve
Anything you own is worth exactly however much someone else is willing to pay for it, whether because they want it, or because they (believe they) need it.

My folks, for instance, own five acres of land in Washington state. The official appraisal is about $17, 500.00. The thing is, the five acres of land happens to be right in the middle of a multi-million dollar housing and golf course project. The company doing the project owns everything around it for some distance. Everything else is all nicely groomed, landscaped, with lovely houses built on the lots... with five acres that's just been allowed to grow wild right in the middle. Then they really drove them nuts and let a logging company come in and log all the trees that were worth anything, so there are a bunch of ugly stumps there now, too.

I wonder how much we could make their property values plummet if we moved a double-wide onto the five acres? ;)
Click to expand...
They can always plant trees to cover your parents lot.

My familly have 33.5 acres & in front of their property is now a declare park. And, all lots around are being developing for homes that are starting at 1/2 millions & up each, but the tax is only up by 30% because town belive that the property value only has gone up by 1/3 (my mom have had the property for 12 years).

Like you have mention, the value of something is only the price that someone is willing to paid for it.....I still wonder why people would move to Socal & paid major bux for a piece of desert, while the tempered weather Oregon coast have loads of water & the housing price still is reasonable compare to Socal.

 
F

FrustratedUser

Lifer
Aug 16, 2001
22,505
4
81
Originally posted by: fumbduck
My mother started her own "Pilates" Business, if any of you don't know what pilates is, its a type of exercise/physical therapy, lots of celebrities use it.

My dad bought her the domain name:

ThePilatesPlace.com


now, a business in Nevada opened up with the name "The Pilates Place" and they are in the process of trademarking it.

They want to purchase the domain from my father. He has no idea how much he should ask for.


Any ideas?
Click to expand...

$3000
 
S

ShotgunSteven

Lifer
May 31, 2001
15,326
2
0
Originally posted by: lowtech
Originally posted by: ShotgunSteve
Anything you own is worth exactly however much someone else is willing to pay for it, whether because they want it, or because they (believe they) need it.

My folks, for instance, own five acres of land in Washington state. The official appraisal is about $17, 500.00. The thing is, the five acres of land happens to be right in the middle of a multi-million dollar housing and golf course project. The company doing the project owns everything around it for some distance. Everything else is all nicely groomed, landscaped, with lovely houses built on the lots... with five acres that's just been allowed to grow wild right in the middle. Then they really drove them nuts and let a logging company come in and log all the trees that were worth anything, so there are a bunch of ugly stumps there now, too.

I wonder how much we could make their property values plummet if we moved a double-wide onto the five acres? ;)
Click to expand...
They can always plant trees to cover your parents lot.

My familly have 33.5 acres & in front of their property is now a declare park. And, all lots around are being developing for homes that are starting at 1/2 millions & up each, but the tax is only up by 30% because town belive that the property value only has gone up by 1/3 (my mom have had the property for 12 years).

Like you have mention, the value of something is only the price that someone is willing to paid for it.....I still wonder why people would move to Socal & paid major bux for a piece of desert, while the tempered weather Oregon coast have loads of water & the housing price still is reasonable compare to Socal.
Click to expand...

I'm sure they wish they could, but there are two things that prevent it from being completely effective.

1. According to Washington state law, they have to provide access to the land for us, even if it means giving us our own personal road.

2. The piece of land is the highest spot in the area, it is above everything else. They would have to transplant some very tall trees for that to even have a chance at working. :D
 
N

no0b

Diamond Member
Jul 23, 2001
3,804
1
0
this reminds me of the "I want a domain name for my future business but someone else has it. How can I force them to give it to me thread."
 
AgaBoogaBoo

AgaBoogaBoo

Lifer
Feb 16, 2003
26,108
5
81
Find out how much of business they will handle and price it accordingly. If you think within a year or two someone there could be make 200K+ a year, then do it for like $10k.
 
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