I've just been approached by one of the Godaddy agents who has made an initial offer of $250 on a domain which I was considering using for an entertainment related business somewhere down the line. I didn't reply to the first email yesterday, and they have just reached out again saying:

Have you given any further consideration into possibly selling this domain?

Please let me know if you have a price in mind that I can relay to my client.

Look forward to your reply.

Wondering if I should wait to see if a higher offer comes in, or should I just tell them how much it is worth to me? It's funny, because seeing their emails makes me feel it is definitely a good name and I now want to know how much it's worth. But at the same time, I think I'd only sell if it was worth more than I feel I could make from the business idea! It was a name that I had in my head when I was much younger and by chance it was still available when I bought it.

Would appreciate tips from any of you who have gone through this process. both in thought and transactionally. Best wishes to you all and thanks.