$5500 offer...do I accept or auction?

labrocca · 09-12-2008, 12:11 PM

Well...Just got a $5500 offer for PoliticsForum.com. I have had this a few years and I wanted to get $7-$8K or even more for it. This is at Sedo and well..they take a strong cut so my end would be about $5000. Not sure this is worth it to sell but I am considering sending it to auction.

I am not in dire need for the money but I like to sell my domains at a fair price. It's hard to tell with this one what's fair imho. It could sell one day for $xx,xxx I believe.

Any advice?

Ross · 09-12-2008, 12:17 PM

I think if you send it to auction you could get $10k+ for it. This is the perfect time IMO to sell if it were not for the economy. If you do not sell it now i would wait another 4 years until the next election. You are right $5k does seem a little under.

labrocca · 09-12-2008, 12:22 PM

I am THINKING about sending to auction. My hesitation is that it won't get more bids and I will have to sell at $5500. So I am iffy about it. I have yet to send a Sedo offer to auction and not sure I want this valuable domain to be my experiment.

What are others experiences with similar situation? Do you get more bids?

Investor · 09-12-2008, 12:24 PM

It's all luck really, you can advertise on forums but that's resellers, so you likely won't get bidders from us, you can send e-mail's to any interested parties who e-mail'd you in the past about it, so there is a little crowd, and of course the end users browsing Sedo who just happen to see your name at the same time that they are there, so really it's just a game of chance. That is a pretty strong offer, have you considered countering it? In my opinion, if you can get that person to pay your target 7-8k range or send to auction at $6500, your doing fine.

labrocca · 09-12-2008, 12:26 PM

Oh I have countered 3 times. Also had what I believe the same person two weeks ago offer $5000 then cancel after I asked for $6800. Right now I have a standing counter of $6750.

Quote:

It's all luck really, you can advertise on forums but that's resellers, so you likely won't get bidders from us,

My intention is not to attract buyers from NP but instead to get some advice. I have a hunch on what I should do but sometimes having your peers give you advice makes you feel better about it.

Investor · 09-12-2008, 12:29 PM

I know, I was just saying the ways you can get attention to the auction really. Your counter of $6750 is fair, did you get a response?

Makis.TV · 09-12-2008, 12:29 PM

I d send it to auction considering i hand regged it.

labrocca · 09-12-2008, 12:37 PM

Originally Posted by on!SPOT

I d send it to auction considering i hand regged it.

Are you thinking I hand-regged this? Because I didn't. I actually bought it off Sedo at one point. I certainly will turn a good profit though even at $5500.
????: NamePros.com http://www.namepros.com/domain-name-discussion/513387-5500-offer-do-i-accept-auction.html

Their last response to me along with their $5500 was that this is the max they are authorized to spend. Whether that's true or not is up for discussion.

Quote:

I have the similar one RPOL.COM ### Republican Party On-Line

How is that similar in any way? Jeez..sometimes I think people post just to spam their domain.

Broker · 09-12-2008, 12:40 PM

Send it to auction, your already ahead at $5000 minus your purchase price. Not a bad take home with a shot for more in auction.

Spade · 09-12-2008, 12:42 PM

I think you take the deal. You risk losing the first one - and I've found in this market right now - things are moving slowly.

Bodhi · 09-12-2008, 12:42 PM

I think it is a great name, I do think it is worth a bit more. The question you should ask yourself is can you take the $5500 hundred and purchase a more valuable name or names? If so, then move the inventory and reinvest.

Good luck, whatever you decide.

Jeff · 09-12-2008, 12:44 PM

^ PoliticsForum.com =

Congrats, Jesse!

-Jeff

Michael · 09-12-2008, 12:45 PM

I think if you send it to auction you're probably not going to see any more bids. If you wouldn't be happy with a $5.5k sale, I wouldn't risk it. If it wouldn't be the end of the world to sell at that price, I'd go for it. No guts, no glory

xman · 09-12-2008, 12:47 PM

Now that the counter offer is $6750 I would send it to auction.

I've done quite a few negotiation with sedo and when I feel that the counter amount was good enough for the minimum I would accept for the domain, I normally send it to auction.

As you mentioned you wanted to get around $7-$8K, I think your expected price tag is close enough from the counter.

There is an interested buyer now but if you wait you may or you may not get the same opportunity.

good luck with the name

AussieDomainer · 09-12-2008, 12:50 PM

If it were mine I'd be sending it to auction. However as others have pointed out I wouldn't hold my breath on it getting any more bids so you'd have to be prepared to accept that price.

lzy · 09-12-2008, 12:55 PM

It's a good price and now's probably the best time to sell this name.

You suspect it's the same buyer who previously offered 5k so perhaps you could try to push to 6k?

Good luck Sir!

Originally Posted by labrocca

How is that similar in any way? Jeez..sometimes I think people post just to spam their domain.

xman · 09-12-2008, 12:56 PM

My guess is that this domain will be use for this upcoming election.

Prefect timing I would think.

labrocca · 09-12-2008, 01:14 PM

Quote:

Now that the counter offer is $6750 I would send it to auction.

It's my counter-offer that's $6750.
????: NamePros.com http://www.namepros.com/showthread.php?t=513387

The problem is that I know the offer is good enough to sell but it's not exciting me at all. I feel like buyer would get the better end of this deal.

I am thinking about giving them this reply.

"I believe this domain has incredible value. My counter offer is a reasonable sum. I will continue to raise my price and hold out until I find the right buyer. I get offers very often. The question is will it be you or someone else. If you don't accept my price I will cancel negotiations and raise my price again. If you want ..offer $6000 and I will send this to auction. It's the best I can do for you. In auction this might go for a lot more. Do you want to take that chance over a small percentage increase?

If you accept my offer I will conduct the sale in an expedient manner for you. You can get this domain probably within a week."

I wrote that BEFORE starting this thread and wanted to get advice before I finalize my reply.

staffjam · 09-12-2008, 01:15 PM

I'd personally take the cash. In this market cash is certainly King - i have a feeling the economic woes are only just starting and expect to see plenty of bargains in future. And if you have a ready pile of cash you can pick up more bargains.

buckshotdots · 09-12-2008, 01:17 PM

If you decide to hold or sell one thing is I wouldn't push to sedo auction. I believe it pisses people off after negotiating back and forth. Either way nice offer and good luck!

g-

labrocca · 09-12-2008, 01:17 PM

Originally Posted by staffjam

I'd personally take the cash. In this market cash is certainly King - i have a feeling the economic woes are only just starting and expect to see plenty of bargains in future. And if you have a ready pile of cash you can pick up more bargains.

I am bullish on the economy personally. I think once the election is over you will see a renewal for consumer confidence which isn't so great right now.
????: NamePros.com http://www.namepros.com/showthread.php?t=513387

Historically election years are filled with economic troubles. Even for the heralded Bill Clinton his last year was troublesome.

xman · 09-12-2008, 01:32 PM

labrocca I misread the $6750. My apology.

Anyways, this is where I see the minor problem in the negotiation looking at the end users POV.

1)
If you don't accept my price I will cancel negotiations and raise my price again.

It seems like you're giving the buyer an ultimatum and somewhat I threat if the buyer translated it the wrong way.

2)
If you want ..offer $6000 and I will send this to auction.
you don't want to let them know what you're trying to do IMO.

But I guess we all have a different way of negotiating

**gemstar** · 09-12-2008, 01:33 PM

Originally Posted by labrocca

Well...Just got a $5500 offer for PoliticsForum.com. I have had this a few years and I wanted to get $7-$8K or even more for it. This is at Sedo and well..they take a strong cut so my end would be about $5000. Not sure this is worth it to sell but I am considering sending it to auction.

I am not in dire need for the money but I like to sell my domains at a fair price. It's hard to tell with this one what's fair imho. It could sell one day for $xx,xxx I believe.

Any advice?

Well back in 2006 http://72.14.205.104/search?q=cache:...n&ct=clnk&cd=3You posted you had a 1k offer for the domain.So in 2 yrs it is a pretty good return. You never know if you will get another offer for a long time. I would take the cash and reinvest it in the domain business now while the economy is slow.

labrocca · 09-12-2008, 01:37 PM

I don't mind losing this offer though. And I WOULD raise the price. I have gotten 13 offers and with every cancellation I raise the price. So far it's worked and every offer has gotten higher. Heck this person may have bid when I did have it listed at $5000. Now it's at $8500. This imho makes a potential buyer think "dammit I need to buy this for $6000 before he wants $10,000. And he SHOULD think that because that's probably near my next asking price.

It is an ultimatum. The domain is psycho generic. It's mine and I ain't giving it up easy. I can see this hitting $25,000 value within a decade. That's not too long to wait if I need to. I don't need $5000 that's badly.

BinderGang · 09-12-2008, 01:40 PM

You can push to auction after counter offers?

I recently sold a domain on Sedo and after the counter offers, the auction option was no longer available to me.

09-12-2008, 12:11 PM	THREAD STARTER #1 (permalink)
labrocca NamePros Expert Join Date: Aug 2004 Location: Las Vegas Posts: 6,277 Follow @supportforums	$5500 offer...do I accept or auction? Well...Just got a $5500 offer for PoliticsForum.com. I have had this a few years and I wanted to get $7-$8K or even more for it. This is at Sedo and well..they take a strong cut so my end would be about $5000. Not sure this is worth it to sell but I am considering sending it to auction. I am not in dire need for the money but I like to sell my domains at a fair price. It's hard to tell with this one what's fair imho. It could sell one day for $xx,xxx I believe. Any advice? __________________ :$: Support Forum <-- My latest endeavor.:loveyou: Debate Forums Free Online Sudoku My vBum Blog

09-12-2008, 12:22 PM	THREAD STARTER #3 (permalink)
labrocca NamePros Expert Join Date: Aug 2004 Location: Las Vegas Posts: 6,277 Follow @supportforums	I am THINKING about sending to auction. My hesitation is that it won't get more bids and I will have to sell at $5500. So I am iffy about it. I have yet to send a Sedo offer to auction and not sure I want this valuable domain to be my experiment. What are others experiences with similar situation? Do you get more bids? __________________ :$: Support Forum <-- My latest endeavor.:loveyou: Debate Forums Free Online Sudoku My vBum Blog

09-12-2008, 12:29 PM	#7 (permalink)
Makis.TV Senior Member Join Date: Jan 2007 Location: Glyfada, Greece Posts: 2,823 Follow @makismour	I d send it to auction considering i hand regged it. __________________ Check your Speed Test in just a few seconds Domain blogging, hosting tips, wordpress theme reviews and development

09-12-2008, 12:42 PM	#10 (permalink)
Spade NameBio.com Founder Join Date: Sep 2006 Location: Carlsbad, CA Posts: 7,855	I think you take the deal. You risk losing the first one - and I've found in this market right now - things are moving slowly. __________________ Read my Blog! NameBio.com - Search The Domain Sales Index Buying LLLL.com's ending in "CA"

09-12-2008, 12:44 PM	#12 (permalink)
Jeff Emeritus Join Date: May 2003 Location: Winter Break© Posts: 29,526	$5500 ^ PoliticsForum.com = Congrats, Jesse! -Jeff __________________ Be cool. Be polite. Be professional.™

09-12-2008, 12:17 PM	#2 (permalink)
Ross Senior Member Join Date: Nov 2007 Posts: 2,132	I think if you send it to auction you could get $10k+ for it. This is the perfect time IMO to sell if it were not for the economy. If you do not sell it now i would wait another 4 years until the next election. You are right $5k does seem a little under.

09-12-2008, 12:24 PM	#4 (permalink)
Investor Account Closed Join Date: Sep 2008 Posts: 126	It's all luck really, you can advertise on forums but that's resellers, so you likely won't get bidders from us, you can send e-mail's to any interested parties who e-mail'd you in the past about it, so there is a little crowd, and of course the end users browsing Sedo who just happen to see your name at the same time that they are there, so really it's just a game of chance. That is a pretty strong offer, have you considered countering it? In my opinion, if you can get that person to pay your target 7-8k range or send to auction at $6500, your doing fine.

09-12-2008, 12:29 PM	#6 (permalink)
Investor Account Closed Join Date: Sep 2008 Posts: 126	I know, I was just saying the ways you can get attention to the auction really. Your counter of $6750 is fair, did you get a response?

09-12-2008, 12:40 PM	#9 (permalink)
Broker Senior Member Join Date: Mar 2006 Location: Philly Burbs Posts: 3,199	Send it to auction, your already ahead at $5000 minus your purchase price. Not a bad take home with a shot for more in auction.

09-12-2008, 12:42 PM	#11 (permalink)
Bodhi Senior Member Join Date: Apr 2006 Posts: 3,129	I think it is a great name, I do think it is worth a bit more. The question you should ask yourself is can you take the $5500 hundred and purchase a more valuable name or names? If so, then move the inventory and reinvest. Good luck, whatever you decide.

09-12-2008, 12:45 PM	#13 (permalink)
Michael DNMedia.com Join Date: Jul 2007 Location: Maryland Posts: 1,866	I think if you send it to auction you're probably not going to see any more bids. If you wouldn't be happy with a $5.5k sale, I wouldn't risk it. If it wouldn't be the end of the world to sell at that price, I'd go for it. No guts, no glory __________________ MiniSites.com - Shift Your Domains Out of Park! DN Media Corporation \| Friend Me on Facebook \| Follow Me on Twitter

09-12-2008, 12:47 PM	#14 (permalink)
xman Senior Member Join Date: Jan 2007 Location: X-I Posts: 2,878	Now that the counter offer is $6750 I would send it to auction. I've done quite a few negotiation with sedo and when I feel that the counter amount was good enough for the minimum I would accept for the domain, I normally send it to auction. As you mentioned you wanted to get around $7-$8K, I think your expected price tag is close enough from the counter. There is an interested buyer now but if you wait you may or you may not get the same opportunity. good luck with the name __________________ Vegetarian Hut ~ Sc.am

09-12-2008, 12:50 PM	#15 (permalink)
AussieDomainer Senior Member Join Date: May 2006 Location: Brisbane, Australia Posts: 2,648	If it were mine I'd be sending it to auction. However as others have pointed out I wouldn't hold my breath on it getting any more bids so you'd have to be prepared to accept that price. __________________ Cricket Rules Diesel Generator Engine Car Window Tinting Facts About Australia

09-12-2008, 12:56 PM	#17 (permalink)
xman Senior Member Join Date: Jan 2007 Location: X-I Posts: 2,878	My guess is that this domain will be use for this upcoming election. Prefect timing I would think. __________________ Vegetarian Hut ~ Sc.am

09-12-2008, 01:15 PM	#19 (permalink)
staffjam NamePros Regular Join Date: Jun 2007 Posts: 883	I'd personally take the cash. In this market cash is certainly King - i have a feeling the economic woes are only just starting and expect to see plenty of bargains in future. And if you have a ready pile of cash you can pick up more bargains. __________________ Buy Domain Names â€“ 9i.com, 3J.com, ZB.org, Foob.com, Wodo.com, Sixth.com â€“ These are just a few of the great names on offer at namecake.com (Click below) Buy Domain Names Solar Garden Lights Virtual Reality Games

09-12-2008, 01:17 PM	#20 (permalink)
buckshotdots Senior Member Join Date: Jan 2007 Location: British Columbia Posts: 2,705	If you decide to hold or sell one thing is I wouldn't push to sedo auction. I believe it pisses people off after negotiating back and forth. Either way nice offer and good luck! g-

09-12-2008, 01:32 PM	#22 (permalink)
xman Senior Member Join Date: Jan 2007 Location: X-I Posts: 2,878	labrocca I misread the $6750. My apology. Anyways, this is where I see the minor problem in the negotiation looking at the end users POV. 1) If you don't accept my price I will cancel negotiations and raise my price again. It seems like you're giving the buyer an ultimatum and somewhat I threat if the buyer translated it the wrong way. 2) If you want ..offer $6000 and I will send this to auction. you don't want to let them know what you're trying to do IMO. But I guess we all have a different way of negotiating __________________ Vegetarian Hut ~ Sc.am Last edited by xman; 09-12-2008 at 01:36 PM. Reason: typo

09-12-2008, 01:37 PM	THREAD STARTER #24 (permalink)
labrocca NamePros Expert Join Date: Aug 2004 Location: Las Vegas Posts: 6,277 Follow @supportforums	I don't mind losing this offer though. And I WOULD raise the price. I have gotten 13 offers and with every cancellation I raise the price. So far it's worked and every offer has gotten higher. Heck this person may have bid when I did have it listed at $5000. Now it's at $8500. This imho makes a potential buyer think "dammit I need to buy this for $6000 before he wants $10,000. And he SHOULD think that because that's probably near my next asking price. It is an ultimatum. The domain is psycho generic. It's mine and I ain't giving it up easy. I can see this hitting $25,000 value within a decade. That's not too long to wait if I need to. I don't need $5000 that's badly. __________________ :$: Support Forum <-- My latest endeavor.:loveyou: Debate Forums Free Online Sudoku My vBum Blog

09-12-2008, 01:40 PM	#25 (permalink)
BinderGang Senior Member Join Date: Sep 2006 Location: New York Posts: 1,332	You can push to auction after counter offers? I recently sold a domain on Sedo and after the counter offers, the auction option was no longer available to me. __________________ HGX.com - WKZ.com - QVO.com Interested? PM me.

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