snoop

$1500 on a name you think is worth $10,000 doesn't sound bad at all to me. Countering with $50,000 is basically the same kind of thing. Out of interest what was the name?

JMJ

You should always keep in mind that not everyone is a domainer. Most endusers think, "I can register a name for $10. So to them offerring a few hundred on a domain is making a good offer. Unfortunately on sedo, afternic and such you can't really communicate with the buyer. But on tdnam and email inquiries you can usually explain to them why you are asking whatever price.

More or less you don't know who your dealing with and most of the time you're dealing with a non-domainer. In rare cases do I make sales to domainers via the brokerage sites. It's generally the obvious names that I do and they will generally will counter up until it's still a bargain price even at reseller.
????: NamePros.com http://www.namepros.com/domain-name-discussion/473341-your-thoughts-on-mass-lowballing.html

Either way it doesn't make any sense to highball an offer. Counter within reason. They'll generally let you know if they are a domainer or enduser. A domainer/webmaster will ask for stats/revenue in a lot of cases. A enduser will say I only have $xxx amount to spend. etc. Make a nice profit and move on. You'll have one less renewal fee to pay and will have increased your bottom line.

Every name i've sold and thought to myself afterwards, "hmm maybe I shouldn't have sold that." A few weeks later I have in my possession a related and better name for another bargain price. More times than I care to count I've sold names for a healthy profit only to turn around and pick it up in the drops a year or two down the road only to turn around and do it again.

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RJ

Ok, I've got a question for everyone -- particularly those who voted "It's spam and should be stopped."

Would you find this practice acceptable if the sender is not intending to make lowball offers? For instance, emailing in masse LLL.com owners with a $6000 offer in the initial email.

RJ

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npcomplete

I don't really have problems with receiving lowball offers. I get lots of them. Usually I just ignore them if they are just silly (e.g., $100 on a $100k name). I figure if they are interested they will return with a more realistic bid. If they don't return, that just means that the name is waiting for somebody else with a better grip on reality, and as usual I am in no rush.

I used to respond with a more realistic figure, or sometimes an inflated figure for fun, but lately I just delete/ignore without response. I am not too sure where the dividing line is for "frivolous offer", but usually if they are not within 5-10% of what I am looking for they get the silent treatment. Anything in the 1% range is usually a guarantee for the silent treatment. My time is valuable.

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labrocca

I consider 10% of value a lowball offer. Offering 50-80% is bargain hunting.
????: NamePros.com http://www.namepros.com/showthread.php?t=473341

You just blew that one. If you thought it's worth $10k why not counter-offer in a reasonable range? When someome makes a $1500 offer they are a legit buyer. If they have $1500....they have $5000...and very possibly your $10k. By telling them $50k you just told them your unreasonable and they won't bother to counter.

Deals go like this:

Initital offer of $1500
Counter with $12,000
new offer of $4000
Counter with $10,500
new offer of $8k
Counter with $9500 and make it final offer

Deal gets accepted.

I do it all the time.

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