How much money should I sell my domain name for?

Question

I own the name (and website) www.blu-raydvd.com I was recently approached to sell it. I looked up the name of the person wanting to buy it and I see he owns www.blu-ray.com He is not interested in my site, just the name. If you answer try to explain why you are giving your price. Thanks

Answer 1

Blu-ray.net sold for $20,000 in April 08 and Blu-raydiscplayer.com sold for $1000 in May 08.  Personally I would get a professional domain appraisal from a site like http://wevaluer.com but I would estimate that it is worth somewhere in the range of $5K-$6K.  He is obviously going to buy from you to prevent any competition so that should be a fair price.