How dangerous is it to counter offer at Sedo?

If you would have sold it for $50 then take the $1,300 and end it especially since you need the money, its hard to tell without the domain name but don't be to greedy with it

If you would take $50 for the domain then you should definitely take the $1300...before they change their mind and figure out that there may be another domain out there which better fits their needs.

I have seen this time and again, people get greedy and start demanding more and more which simply makes people turn off.

$1300 is a solid offer for a domain and more than others ever see, without knowing the name though no one here can guess at its worth.

The only time when you should counter is when you have multiple people all with solid offers to buy; not when you have just one willing to buy.

Without knowing the name, based on what you have told us I would quickly accept the $1300. If you counter-offer you run the risk of the other party withdrawing, and as you need the money that is a big risk
Good luck, and let us know what happens.

i looked on Name Bio for the main keyword. this would be almost tied for the biggest sale ever that was $1,500. that one is just a little bit better. not by much. very similar. so the $1,300 offer is making more sense.

This is the best advice I think anyone could give you.

It might be dangerous to counter plus this is more than the $50 you would have sold it for. I'd accept the offer. Good luck with whatever you choose to do, though!

Alex P said:

If you would have sold it for $50 then take the $1,300 and end it especially since you need the money, its hard to tell without the domain name but don't be to greedy with it

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Personally I would NEVER take a first offer at Sedo,however your circumstances seem to be different, think long and hard to ensure you will have no regrets whatever the outcome.

Good luck.

Shaniqua said:

I should take the money because the gas and stove and hot water is going to be shut off soon. we owe $700. i just dont know how far to risk losing this offer. the power is going to be shut off next month i am sure so getting more from this offer would help! I don't know what to do!

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Under those same circumstances I would take the money, its just a domain, sometimes you have to let them go much cheaper than you would like to.

Good luck


.

I would definitely take the offer, considering the amount you mentioned you would have taken anyways. Some you win...some you win big. This is a good win, considering the times also. I counter offered a domain once, not on sedo but nonetheless, they refused the counter offer and said take the $500 as their final offer. I took it and said o'well some is better than none. The name was ok to me(nothing great), upon futher research months after the sale I found out it was bought by one of FB's investors. Good luck!!

No gas, no water and no electric?
Your circumstance have no choice except sell at any price.

Under normal situation...
You most definitely leave money on the table when you accept the initial offer.
You should try your best to find out who the buyer might be
and what they are trying to do with the domain.

Come on guys, this is not how you use Sedo. You haven't figured it out yet?

You get a Sedo account rep to call the guy for you and try to get as much money as he can. Never do it yourself.

I should write an ebook

I should take the money because the gas and stove and hot water is going to be shut off soon. we owe $700.

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Hmm, let's see: you need the money, you've got an offer that will more than cover your debts, and the offer seems to be more or less fair.

With this in mind, anyone suggesting that you push for more is an idiot. Why risk losing the sale and be forced to find another way to come up with the $700?

Also, keep in mind that at Sedo (and most anywhere else), don't count it as sold until you've got the money in your pocket. Not all buyers come through, unfortunately.

Good luck!

Shaniqua said:

I should take the money because the gas and stove and hot water is going to be shut off soon. we owe $700. i just dont know how far to risk losing this offer. the power is going to be shut off next month i am sure so getting more from this offer would help! I don't know what to do!

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If you need the cash to pay bills I think the answer is obvious. Don't be greedy and blow the chance at a good sale.

Brad

Under your circumstances, take the offer - fast.

.

An eBook on failure and missed chances. All the cards are right. The stars are aligned. He'd be foolish to try milking it now that he has an offer over $1,000 of what he would have initially sold it for.

Never be greedy.

clarew said:

Come on guys, this is not how you use Sedo. You haven't figured it out yet?

You get a Sedo account rep to call the guy for you and try to get as much money as he can. Never do it yourself.

I should write an ebook

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Shaniqua said:

I got a $1,300 offer today at Sedo for one I bought at Go Daddy two weeks ago. I never sold anything this high before. Nowhere near this. When they offer this much is it their top money?

This domain is nothing real big I don't think, but it really would be someones number 1 choice if they needed it. The .net and others are at Go Daddy if they want it instead. I would have sold it for $50.

when you guys ask for double what they are offering does that scare them away?

I should take the money because the gas and stove and hot water is going to be shut off soon. we owe $700. i just dont know how far to risk losing this offer. the power is going to be shut off next month i am sure so getting more from this offer would help! I don't know what to do!

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I have countered $25 and $50 initial offers into 6-8k sales on a few hand regged $7 domains. You will never achieve big money unless you ask for it as long as the domain quality warrants the high price tag. Nothing greater than turning a $7 investment into a high x,xxx sale.

I have blown some deals as well by sticking to my guns on price but that is okay if you can afford to do so as you only need a few big sales a year to equal someone else selling hundreds for xx-xxx numbers.

Hard to guess as I don't know the domain name and being the offer was from Sedo it is anonymous which doesn't help you in negotiations. Nothing wrong with playing hard ball if you can afford to lose the sale but in your case I'm not sure that is wise. Based on what you have stated above I would probably ring the register and make the sale or send to auction on the offer as holding out when you're talking utilities being shut off is probably not wise as your basic needs should be covered before risking no sale trying to ring a few more dollars out of a transaction. When you're in better financial shape then play hard ball.

I had recent offers on 2 coms which i counter offered on, not because i was being greedy, but because the offers were ridicuously low especially taking out sedos $50. Both fell through which didn't worry me.

I now have an offer of $250 for an info which i think is quite good, but it is a pr2 and alexa around 6M so not sure if i should factor this into the value.

It is the name of a now disbanded Bosnian rock band but has other meanings as well.

What do you guys think?

opalxx said:

I now have an offer of $250 for an info which i think is quite good, but it is a pr2 and alexa around 6M

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Impossible to say without knowing the name, but in my opinion PR2 and Alexa ~6M isn't enough to really add much value. Feel free to PM me the name and I'll tell you what I think of the offer.

Yeah I never take the first offer. Ill normally triple what they want to offer then when they come back with a counter offer I will normally take no less then (offer price x 3 /2) Ex 100 offer I say three hundred and if his offer is not over 150 ill keep saying no but it is normally way over that on his 2-3 offer and everyone wins.

The policy of "never taking the first offer" is not a good one. Although it can make money in some scenarios, it loses money in others. All offers should be considered on a case-by-case basis. If you're running tight on cash, the first question that should always be asked before countering is: "Can I afford to lose this sale?"

To the OP: Take the money & pay your bills! Anyone who tells you otherwise won't have to suffer the consequences if your potential buyer goes *poof*

If your domain has the potential obviously you can ask for more,
otherwise sell the domain and pick up money for your bills.

Gradius said:

The policy of "never taking the first offer" is not a good one. Although it can make money in some scenarios, it loses money in others. All offers should be considered on a case-by-case basis. If you're running tight on cash, the first question that should always be asked before countering is: "Can I afford to lose this sale?"

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This answer is right on the money. Each offer does need to be considered on a case by case basis.

You say that you would have sold the domain for $50 so it clearly can't be that great of a domain to start with.

Ask yourself this question. What is worth more to you - holding this domain or having heat and power in your house?

Brad

Cant you send it to auction?

And the best answer of the thread award goes to...

You hit it right on the head. I repped ya.

Gradius said:

The policy of "never taking the first offer" is not a good one. Although it can make money in some scenarios, it loses money in others. All offers should be considered on a case-by-case basis. If you're running tight on cash, the first question that should always be asked before countering is: "Can I afford to lose this sale?"

To the OP: Take the money & pay your bills! Anyone who tells you otherwise won't have to suffer the consequences if your potential buyer goes *poof*

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---------- Post added at 02:08 AM ---------- Previous post was at 02:04 AM ----------

That would more than likely kill the deal completely.

Most domains put into auction without 2+ interested buyers seldom swell for even 2-5% of the original price, thus it's not really worth it. And SEDO doesn't enforce the ales very well -- if you force the potential buyer to wait a full week, he might lose interest and not finish the deal, thus the $1000+ offer will vanish like a fart in the wind.

NEVER put a domain on SEDO auction unless you have 2 or more ppl interested in you domain. Take this offer and be happy

defaultuser said:

Cant you send it to auction?

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Archangel said:

That would more than likely kill the deal completely.

Most domains put into auction without 2+ interested buyers seldom swell for even 2-5% of the original price, thus it's not really worth it. And SEDO doesn't enforce the ales very well -- if you force the potential buyer to wait a full week, he might lose interest and not finish the deal, thus the $1000+ offer will vanish like a fart in the wind.

NEVER put a domain on SEDO auction unless you have 2 or more ppl interested in you domain. Take this offer and be happy

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Interesting. Personally I think that if someone makes an offer it should be accepted or countered... I don't think it's positive to take an offer and say ok "unless someone pays more". It kind of sucks and as a buyer they should be allowed to walk away...

That said...

I've read a number of posts recently where the deal fell through on a sale at Sedo... is this based on personal observation/contacts or hearsay ? Seems awful where you cant rely on the largest company of all. A competitor needs to step up

To be safe then I'd certainly pay for the necessities of life and move on as per the majority of advice. It's an excellent return.