question Would you counter a 6 figures offer from a big company?

[italiandragon]

This is the biggest offer I ever got.

But the buyer is a Company, quite big in their Country.

What would you do?

 

[Shimmy]

Very nice wording Abdullah

 

[Abdullah Abdullah]

Very nice wording Abdullah

Thanks Shimmy

 

[DomainVP]

I would accept immediately because I am a coward

lol, this made me laugh - at least you are honest.

 

[DomainVP]

What would you do?

To be 100% honest, 99% of my portfolio I would take it and not counter - but there are a few names that I own that I would counter on a six figure offer.

If this is one of those names you have, then counter.

At some point we all have to decide if you are going to be the hammer, or the nail.

Be the hammer and drive this sale home.

 

[elevator]

YOU can demand for more but do not over demand.I they are trullt interested, they will surely come back and add more to their price as it requires.

 

[BrandClub.com]

Rick Schwartz (aka Domain KING) sold CANDY.com for $3,000,000
because he said NO to $2,500,000 offer. Think about ...

 

[NPer]

From my experience, if you accept the first offer, the buyer will more than likely back out.
I've had this in the past so many times-which is why I try not to do it in one shot.

Members here who say that they have accepted generous first offers with success; not once, but on several occasions are certainly lying. What are the odds of that happening each time?

Even on platforms, accept the first offer, and the buyer doesn't end up paying.
Via E-mail, the very same thing.

I've had an inquiry several months ago from a buyer, and he asked for a price-which I sent to him. He then made a counter-offer (his first one), which was in the same range, but obviously lower. I accepted-and as I dreadfully expected, he was apparently no longer interested in the domain. I say apparently-because he did send another email from a different email adress (similar ip)- which I have ignored.

At the same time, I have successfully closed deals where I accepted the first-offer, with little issues. These make up a tiny fraction of these kind of inquiries though.

In general first-offers/counter-offers, one should not accept as they typically do not materialise. The buyer wonders if he could have offered less, and whether he "over-offered'!

The issue then comes where the offer is so good, bla bla bla. A sane person would accept, however, what are the chances of it actually turning into sale? So maybe it's not such a sane thing to do.

If it was via email, ask the person to confirm their offer, after which you will take the offer into consideration-that's it.

 

[Nsmith91]

I like Webinvestments and Discobulls thought process the most. If I were in this position (don't we all wish) I would try to use a combination of the advice they gave. This thread definitely gives us all hope there are some sales to be made in this industry!

Good luck!

*Afterwards the sale, maybe you can give us a clue on the domain!

 

[hugegrowth]

Any update?

You said the offer was fair, so probably best to take it. Maybe mention you've had a back and forth discussion with a partner, and decided to take it. Probably best not to seem too eager...

How would you feel if the offer went away and the buyer disappeared? If that gives you a really bad feeling, then sell. If not, then maybe counter with what you think they might reasonably accept.

What you or anyone does in this situation really comes down to how badly you need the money, and what the domain is (for comparable sales, how much you paid for the domain, etc). I usually say it's best to counter every offer, but that might not apply to fair six figure offers.

A six figure domain sale windfall could help anyone in this economy, may everyone reading this find themselves in this situation at least once in their domaining lifetime!

 

[Maxwell]

Yes, you don't want to spook them.

 

[Magicpig2]

If I wanted to close the deal at six figures, I'd ask something along the lines of:

'We're able to accept your offer on condition that you pay Escrow fees, ($x,xxx)'

By doing so, you're able to give the impression you're not giving in so easily, yet making it appear to the buyer that you've not just rolled over and accepted their first offer without some concession.

 

[frank-germany]

maybe this can help:

https://medium.com/@alandunn/25-000-for-a-domain-name-is-crazy-192a88d41e98#.3q9uuxl0f

 

[BrandClub.com]

maybe this can help:

https://medium.com/@alandunn/25-000-for-a-domain-name-is-crazy-192a88d41e98#.3q9uuxl0f

One of the BEST articles I ever read !!! I even featured it on my website: NicMarket.com

 

[Salai Domains]

I have some questions about this subject... Can I ask here?

 

[PoliticalVII]

If it's worth 6 figures to one company, its worth 7 fiqures to another. I would definitely counter it.

 

[80-20]

There's one overriding issue: Is the Buyer Serious?
You don't know that, but you'll soon find out.
If serious, negotiations won't hurt.
If not, any counter-offer, at any value, won't do.

We all want serious buyers, don't we?
If so, don't be a chicken and negotiate!
If the other party promptly disappears, you can draw one conclusion: they were never serious.

All the above is valid ONLY IF the domain name at stake is (almost) irreplaceable/high value.

 

[WatchDogue]

It was mentioned the perspective buyer is a company and is "quite big" in their country.

IMO a review of any this big companies' public financials, long term growth plans, and any other public disclosures might shed some light on the relative value of said domain to the company either short term/long term.

Also I would check for any other domains used by the " big company " and it's affiliates and try to determine the selling - purchase price/s of those domains, if same are listed and located in published domain sales reports.

In the end if I was reasonably satisfied their initial offer was fair most likely I'de ink the deal.

 

[WebInvestments]

Fellows, is it just me or the OP has already closed the deal with the buyer and went on a 'loooong' vacation...

 

[Coffeeman]

Step 1: close this thread

 

[artstar]

Does anyone else get the feeling this is just a bogus thread to feed some dudes fantasy that he has such an offer so he can vicariously make out like he's RW or fs and hear from domain insiders to feed his perverse ego?

Imho this is all make believe virtual reality.

 

[frank-germany]

some sales take a little longer .. some may takes years

 

[iAchilles]

Does anyone else get the feeling this is just a bogus thread to feed some dudes fantasy that he has such an offer so he can vicariously make out like he's RW or fs and hear from domain insiders to feed his perverse ego?

Imho this is all make believe virtual reality.

Genuine or not, I honestly couldn't care less because it resulted in some excellent advice by a handful of posters. Silver lining ftw.

 

[BostonDomainer]

Genuine or not, I honestly couldn't care less because it resulted in some excellent advice by a handful of posters. Silver lining ftw.

A great attitude to have as a beginner in domaining and in life in general! I applaud you.

 

[gustave]

A personal experience:

I recently had an Inquiry from a Well-funded Silicon Valley Star-up for a Category Killer Technical EMD .com within the energy storage (Tesla Type Co.) sector. A perfect match for their concept/niche. It was a Direct mail from one of the co-founders!

After reading Michael Cygers recent eBook on his $12+ profit on one domain sale, I tried applying a similar Negotiation Technique. In my reply I mentioned about my IP as an Aero & Astro Designer to set up a project on that Domain, with a summary on what I was going to do with it! But I was still open for considerable offer as I am working on a different project too as per my LinkedIn.

It's been two weeks and no reply.

Now I am kicking myself for overplaying it!

Moral of the story:

Don't OVERPLAY! It worked for you! Mate you already have a SIX FIGURE offer, PLEASE DONT LET IT GO!!!

You might also consider not lying.

 

[Perceptron]

You might also consider not lying.

Thanks for your WiseAdvice. You should never lie because it only takes a little time digging for tech-savvies to figure out somebody's background. Anyways I have my Linkedin Vanity URL within my Email signature, it will only take a click in my case!

As far as the project I spoke about was infact part of my Propulsion system research and analysis for one of my projects on Rapid Prototyped (3D Printed) Cubesat (Miniature satellites) structures, which was a Thesis covering Astronautics (space vehicle design)


PS : Maybe they didnt wanted to hand over money to some competitor, jeopardizing their rights over a patent pending project!