How is this offer?

cama-bie · 01-16-2008, 11:06 AM

hello, as i am anewbie here i jsut wanted to ask guru domainers.
I just received an offer at sedo for MiBanca.com at 60 euros.
What would you do? Sell it? or ask more?
Thanks.

nielsencl · 01-16-2008, 12:29 PM

It's hard to give advice since so much depends on the buyer.

The first question you have to ask is how the price makes you feel? If you are making good profit at that price, then you should be able to sell it and not have too many regrets. I think too many people reject buyers waiting for the big money that may or many not come. If you think the price is low, and you can wait, then it may make sense to do so.

But most buyers are not going to tell you their highest price to start with, and since they have contacted you, they want the domain. The question is how much do they want the domain...??? And, how much would most people say the domain is worth?

If you think it's worth more, then you should let them know, BUT you should do so in a professional manner. If you say you want 5,000 euros or even 1,000 euros, then that may make them angry or give up and go away since there is so much difference between that and what they offered. But if your domain is really worth that much, then it's fine to let them know that.

See what the other TLDs are doing. Do they have sites? Are they offered for sale? What are the prices they are listed at? You can often use these to help you. If the .net is listed for 200 euros, then it will help you to raise your price. If none of the other TLDs can be registered, it also helps your price.

Let's say you think your domain is really worth about 250 euros. What I would do is respond to the buyer with as much positive things as you can say about the domain: it's a .com, it's short, it has so many OVT searches per month, it has links, it has PR, it gets x visitors a month, the domain is x years old, and it earns $x a month.

Say all the positive things you can, and then let them know that you really want to sell it, but you think it's worth say, 400-500 euros. And tell them to let you know what they think so you can set a price that's reasonable.

Then you need to see what they say, and start negotiating with them. Don't be insulted if they offer you 70 euros. Just lower your price by the same amount to 380 euros, or you can got lower if your target price is lower. Just be firm, friendly, professional, and not greedy and you should get a good price for your domains.
????: NamePros.com http://www.namepros.com/domain-newbies/419261-how-is-this-offer.html

So, to summarize:

- Learn as much as you can about the market for your domain.

- List and explain every positive point about your domain.

- Set a price that will make you happy, then set a higher asking price.

- Don't be greedy, but be firm, friendly, and professional.

- NEVER be insulted by an offer or by a price. It will allow you to either counter effectively or to walk away from a deal, which we all have to do sometimes.

- Don't regret the sale! If you set a price that can make you happy, then don't ruin that feeling by thinking what might have been if you asked for more. If you have learned something, then the next time you can remember that for the new deal and ask for more.

Len · 01-16-2008, 01:39 PM

Do you know that Mi banca is Italian for 'I bank'? I personally think you should counter offer on this......I cannot imagine anyone letting this go to auction for 60Euro's. This would be worth $xxxx+ if it was in English. JMHO

nielsencl · 01-16-2008, 02:13 PM

The seller's language is Spanish, not Italian, but maybe he should find an Italian buyer...?

Len · 01-16-2008, 02:23 PM

Maybe the buyer is Italian?

duceman · 01-16-2008, 02:24 PM

Send it to auction and see what happens.

my2c

ivoy · 01-16-2008, 04:10 PM

Doesn't it mean "My Bank" in Spanish? Very nice domain, IMO worth a lot more than 60 euros. Even as a ".com"

I am sure you have an idea of what it is worth to you and I would not be afraid to counter offer presenting that amount. This is always a gamble, since you never know how much the buyer really wants it! But sometimes you hit a jackpot

I myself, would not think twice about risking only 60 euros.
good luck!

cama-bie · 01-16-2008, 04:29 PM

What you say is pretty intersting, as i didn´t know Mi Banca has also a meaning in Italian. My language is in spanish. I am already receiveing some offers from NP members, everything seems i can sell this domain in a good price, but i dont want to get too high with it or all possible buyers will go away. Do you think BancaSegura.com can worth closer to MiBanca.com? When you say: "send it to auction", what does it mean? I am still a newbie domainer

Thanks again for your comments.

duceman · 01-16-2008, 04:41 PM

Originally Posted by cama-bie

What you say is pretty intersting, as i didn´t know Mi Banca has also a meaning in Italian. My language is in spanish. I am already receiveing some offers from NP members, everything seems i can sell this domain in a good price, but i dont want to get too high with it or all possible buyers will go away. Do you think BancaSegura.com can worth closer to MiBanca.com? When you say: "send it to auction", what does it mean? I am still a newbie domainer

????: NamePros.com http://www.namepros.com/showthread.php?t=419261
Thanks again for your comments.

IF your offer is at Sedo you can choose to send the domain to Sedo auctions. By sending it to auction the 'market' will decide the value. But you take the risk of the right buyer not seeing the auction.

One downside to this method is that you could end up selling the domain for much less than you think it is worth.

moby · 01-16-2008, 04:55 PM

Hi

How much will sedo charge on the - Sale, commision % or min. 50, 60 Euro ??

Maybe get a better offer on Namepros, if you don't have to pay a selling fee ..etc.

Its a good domain name. Best of Luck !

cama-bie · 01-16-2008, 09:12 PM

Hello moby, sedo charges you a 10% commision. But the domain is showing to more people i think.
Thanks for appreciating the domain, i think is good too

thetruman · 01-17-2008, 01:52 AM

Just a note. Banca is also bank in italian (apart from spanish) but mi banca in italian doesn t mean much (apart from a word game that would make it brandable).
So i guess the buyer is spanish and mybank makes a lot of sense to me (and is a very nice name).
60 sounds very cheap and I personally would prefer lose a sale for such a low price and counter offer. How much is difficult to say because you should work out who is the buyer. I would play high with this name lets say 5000$.
If the counterpart wouldn t be interested you have lost a 50$ profit that wouldn t have change your life. You might get at least another offer in between that could be satisfactory for both parties. Just my opinion though.

buyauthority · 01-17-2008, 02:14 AM

MiBanca.com
My Bank in spanish
Me Bank in Italian

Me no sell at $60. Send to auction and advertise fast.

DNhub · 01-17-2008, 09:37 AM

I would sell, just to clarify in spanish 'banca' means bench, bank would be banco with an 'O' at the end. Not much meaning in Spanish.

dave9713 · 01-17-2008, 09:39 AM

My advice, send it to auction. Hopefully the right person will come a long and spark some interest. Sedo's commission is 10% of the final price.

thetruman · 01-17-2008, 09:46 AM

Originally Posted by DNhub

I would sell, just to clarify in spanish 'banca' means bench, bank would be banco with an 'O' at the end. Not much meaning in Spanish.

it can well be...thought in spanish would have been banca same that in italian...

cama-bie · 01-17-2008, 10:43 AM

Hello, thanks for the comments, in spanish you can perfectly say bank as banca or banco, with O or A. In some countries it is used more bancA and in others it is used more bancO. Banca is also used for gambling.
Thanks.

01-16-2008, 11:06 AM	THREAD STARTER #1 (permalink)
cama-bie NamePros Member Join Date: Dec 2005 Posts: 82	How is this offer? hello, as i am anewbie here i jsut wanted to ask guru domainers. I just received an offer at sedo for MiBanca.com at 60 euros. What would you do? Sell it? or ask more? Thanks.

01-16-2008, 12:29 PM	#2 (permalink)
nielsencl Senior Member Join Date: Jul 2006 Location: Minneapolis Posts: 2,513	It's hard to give advice since so much depends on the buyer. The first question you have to ask is how the price makes you feel? If you are making good profit at that price, then you should be able to sell it and not have too many regrets. I think too many people reject buyers waiting for the big money that may or many not come. If you think the price is low, and you can wait, then it may make sense to do so. But most buyers are not going to tell you their highest price to start with, and since they have contacted you, they want the domain. The question is how much do they want the domain...??? And, how much would most people say the domain is worth? If you think it's worth more, then you should let them know, BUT you should do so in a professional manner. If you say you want 5,000 euros or even 1,000 euros, then that may make them angry or give up and go away since there is so much difference between that and what they offered. But if your domain is really worth that much, then it's fine to let them know that. See what the other TLDs are doing. Do they have sites? Are they offered for sale? What are the prices they are listed at? You can often use these to help you. If the .net is listed for 200 euros, then it will help you to raise your price. If none of the other TLDs can be registered, it also helps your price. Let's say you think your domain is really worth about 250 euros. What I would do is respond to the buyer with as much positive things as you can say about the domain: it's a .com, it's short, it has so many OVT searches per month, it has links, it has PR, it gets x visitors a month, the domain is x years old, and it earns $x a month. Say all the positive things you can, and then let them know that you really want to sell it, but you think it's worth say, 400-500 euros. And tell them to let you know what they think so you can set a price that's reasonable. Then you need to see what they say, and start negotiating with them. Don't be insulted if they offer you 70 euros. Just lower your price by the same amount to 380 euros, or you can got lower if your target price is lower. Just be firm, friendly, professional, and not greedy and you should get a good price for your domains. ????: NamePros.com http://www.namepros.com/domain-newbies/419261-how-is-this-offer.html So, to summarize: - Learn as much as you can about the market for your domain. - List and explain every positive point about your domain. - Set a price that will make you happy, then set a higher asking price. - Don't be greedy, but be firm, friendly, and professional. - NEVER be insulted by an offer or by a price. It will allow you to either counter effectively or to walk away from a deal, which we all have to do sometimes. - Don't regret the sale! If you set a price that can make you happy, then don't ruin that feeling by thinking what might have been if you asked for more. If you have learned something, then the next time you can remember that for the new deal and ask for more. __________________ Lorraine Bowman - Internet Expert Witness - Bankrupture - Ad Creation Marketplace - How To Sell Domain Name

01-16-2008, 02:13 PM	#4 (permalink)
nielsencl Senior Member Join Date: Jul 2006 Location: Minneapolis Posts: 2,513	The seller's language is Spanish, not Italian, but maybe he should find an Italian buyer...? __________________ Lorraine Bowman - Internet Expert Witness - Bankrupture - Ad Creation Marketplace - How To Sell Domain Name

01-16-2008, 04:10 PM	#7 (permalink)
ivoy NamePros Regular Join Date: May 2006 Location: Brooklyn, NY Posts: 439	Doesn't it mean "My Bank" in Spanish? Very nice domain, IMO worth a lot more than 60 euros. Even as a ".com" I am sure you have an idea of what it is worth to you and I would not be afraid to counter offer presenting that amount. This is always a gamble, since you never know how much the buyer really wants it! But sometimes you hit a jackpot I myself, would not think twice about risking only 60 euros. good luck! __________________ → Please PM offers for these 4-letter ".coms" → IQJT.COM JWIQ.COM LQOJ.COM LWIQ.COM QNVY.COM QTVF.COM RHQU.COM RIQV.COM UHQJ.COM UHQW.COM VHQD.COM VHQF.COM VHQG.COM VHQJ.COM VHQM.COM VHQN.COM VHQO.COM VHQU.COM VHQY.COM XUNG.COM YOQM.COM YQGI.COM

01-16-2008, 04:55 PM	#10 (permalink)
moby NamePros Member Join Date: May 2007 Location: Europe-Select .com Posts: 179	Hi How much will sedo charge on the - Sale, commision % or min. 50, 60 Euro ?? Maybe get a better offer on Namepros, if you don't have to pay a selling fee ..etc. Its a good domain name. Best of Luck ! __________________ India-Agent .com ------------- Offers Welcome ----------------

01-16-2008, 01:39 PM	#3 (permalink)
Len dot TV'er Join Date: Feb 2007 Location: Central Ontario, Canada Posts: 3,757	Do you know that Mi banca is Italian for 'I bank'? I personally think you should counter offer on this......I cannot imagine anyone letting this go to auction for 60Euro's. This would be worth $xxxx+ if it was in English. JMHO

01-16-2008, 02:23 PM	#5 (permalink)
Len dot TV'er Join Date: Feb 2007 Location: Central Ontario, Canada Posts: 3,757	Maybe the buyer is Italian?

01-16-2008, 02:24 PM	#6 (permalink)
duceman Senior Member Join Date: Nov 2004 Location: Indy Posts: 2,279	Send it to auction and see what happens. my2c

01-16-2008, 04:29 PM	THREAD STARTER #8 (permalink)
cama-bie NamePros Member Join Date: Dec 2005 Posts: 82	What you say is pretty intersting, as i didn´t know Mi Banca has also a meaning in Italian. My language is in spanish. I am already receiveing some offers from NP members, everything seems i can sell this domain in a good price, but i dont want to get too high with it or all possible buyers will go away. Do you think BancaSegura.com can worth closer to MiBanca.com? When you say: "send it to auction", what does it mean? I am still a newbie domainer Thanks again for your comments.

01-16-2008, 09:12 PM	THREAD STARTER #11 (permalink)
cama-bie NamePros Member Join Date: Dec 2005 Posts: 82	Hello moby, sedo charges you a 10% commision. But the domain is showing to more people i think. Thanks for appreciating the domain, i think is good too

01-17-2008, 01:52 AM	#12 (permalink)
thetruman Senior Member Join Date: Sep 2007 Location: Italy Posts: 2,972 Follow @truman52000	Just a note. Banca is also bank in italian (apart from spanish) but mi banca in italian doesn t mean much (apart from a word game that would make it brandable). So i guess the buyer is spanish and mybank makes a lot of sense to me (and is a very nice name). 60 sounds very cheap and I personally would prefer lose a sale for such a low price and counter offer. How much is difficult to say because you should work out who is the buyer. I would play high with this name lets say 5000$. If the counterpart wouldn t be interested you have lost a 50$ profit that wouldn t have change your life. You might get at least another offer in between that could be satisfactory for both parties. Just my opinion though. __________________ eolic.org lose your fat fitnessfatburning http://www.tatagiogio.com Want to play? try giochicomputer!

01-17-2008, 02:14 AM	#13 (permalink)
buyauthority Account Closed Join Date: Mar 2007 Location: Hawaii - AcquirePower.com Posts: 773	MiBanca.com My Bank in spanish Me Bank in Italian Me no sell at $60. Send to auction and advertise fast.

01-17-2008, 09:37 AM	#14 (permalink)
DNhub NamePros Regular Join Date: Mar 2006 Posts: 271	I would sell, just to clarify in spanish 'banca' means bench, bank would be banco with an 'O' at the end. Not much meaning in Spanish. __________________ %%- Make an offer: itanker.com - Deploy.us - Iowa.cc - Luthier.mobi

01-17-2008, 09:39 AM	#15 (permalink)
dave9713 carfinanceassistant.co.uk Join Date: Sep 2007 Location: London, England Posts: 688	My advice, send it to auction. Hopefully the right person will come a long and spark some interest. Sedo's commission is 10% of the final price. __________________ Live Roulette - Live Roulette Article Blog

01-17-2008, 10:43 AM	THREAD STARTER #17 (permalink)
cama-bie NamePros Member Join Date: Dec 2005 Posts: 82	Hello, thanks for the comments, in spanish you can perfectly say bank as banca or banco, with O or A. In some countries it is used more bancA and in others it is used more bancO. Banca is also used for gambling. Thanks.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)