advice Got an offer for 5K for a LLLL . COM Counter or no?

[blogspotter]

Just when I am starting to get into domaining,
I just got an offer for 5 K from a godaddy broker on behalf of a buyer.
What should be my first response?

It is a short brandble .com

 

[blogspotter]

Forget about TMs, they're meaningless in this equation. Focus on getting your domain sold!

Of course. I was replying to one of the comments that asked if there are any recent trademarks.
I have owned this for 8 years and none of the trademarks for the work, but a combination. I was talking about how the particular LLLL is being used as a brand.

It is pretty good actually. I would hapillly have shared if it wasn't for the negotiations

 

[lock]

If your descriptions is it spells a word then no don't sell 5k. I don't know what it is so hard to give any advice but it might be worth more and it may also not.

 

[blogspotter]

I will keep this thread open as my first domain negotiation experience
Let us see how it holds ups

 

[MA000]

accept the offer as long as you need the cash !
please, don't risk with losing cash that you need for urgent business !

 

[blogspotter]

accept the offer as long as you need the cash !
please, don't risk with losing cash that you need for urgent business !

Thanks. I don't need the cash for urgent business, but then there are tons of domains in the 100-200 range that I would want to buy too..., so this is worth thinking

 

[gemstar]

Take the money and run unless they are asking you to provide an appraisal then it's a scam

 

[blogspotter]

Take the money and run unless they are asking you to provide an appraisal then it's a scam

WOuld an appraisal scam come via a godaddy domain broker?

 

[forge]

WOuld an appraisal scam come via a godaddy domain broker?

Absolutely not.

 

[YairDD]

Always counter. If its through a Godaddy broker I'd tell them to try to get as much as they can and close the sale. They are very experienced and will do what they can to get more from the buyer

 

[karmaco]

I agree to counter higher. People around these parts generally like to sell for too cheap. If you have no urgent need for cash- counter. Easy.

 

[RJ]

An offer like that means it's probably a startup company or a company looking to rebrand. You are probably not dealing with a fellow domainer, so price it accordingly.

Four letter domains that are brandable are actually quite rare and valuable. I hope you counter offer with a high number ($40k+)

 

[3sixty]

If it is through a broker then I recommended counter more. Especially if you believe it is worth more, counter with that number.

The broker is your wall between yourself and the buyer. So use it to your advantage as they can always go back to the buyer with something like "I just spoke to the domain owner and have talked him into lowering his price to $5,000" if the buyer really isn't willing to budge on the offer, yet you are willing to sell.

Meanwhile if negs breakdown and the buyer comes direct because you have your own lander. Well, you can re-kindle things and "blame it on the broker" so to speak.

 

[ultradog]

Always counter. If its through a Godaddy broker I'd tell them to try to get as much as they can and close the sale. They are very experienced and will do what they can to get more from the buyer

On what planet did you experience this? When contacted by a GD broker with a buyer interested in a domain of ours, we'd be lucky if they came back with any negotiation at all. As a result we are not quick to respond to those missives.

 

[blogspotter]

An offer like that means it's probably a startup company or a company looking to rebrand. You are probably not dealing with a fellow domainer, so price it accordingly.

Four letter domains that are brandable are actually quite rare and valuable. I hope you counter offer with a high number ($40k+)

There is a company that did recent expansions at the end of 2019.
300+ employes. Mid XX Million revenue and their website is L-LLLL.com lol

 

[blogspotter]

On what planet did you experience this? When contacted by a GD broker with a buyer interested in a domain of ours, we'd be lucky if they came back with any negotiation at all. As a result we are not quick to respond to those missives.

I am not sure what you are trying to say?

 

[ultradog]

If you counter an offer from them, GD brokers seldom come back with another offer.

 

[blogspotter]

If you counter an offer from them, GD brokers seldom come back with another offer.

But you earlier said that If it sounds nice, it should fetch higher than 5k? Are you suggesting I don't counter, or counter in some other way. This offer is via a GDD broker.

 

[ultradog]

If it sounds like a word or name I'd be asking a price higher than 5k, for sure.

My comment about GD was to the person who seems to think they get the most out of buyers. So yes, you need to be asking a good price; but in case they don't respond with another counteroffer, make sure you've got a way for a buyer to reach you directly -- like a page lander or public Whois information, besides having the domain listed on the big marketplaces. Even the same buyer might try again but might use another method of contact.

 

[donames_11]

I always give a response to all offers, the buyers are also testing how deep the water is and how experienced the sellers are.
An offer can start at $900 and finally close at $7000.

 

[johnn]

I never accepted the first offer as they think their offer is overprice and walk away with cold feet.
You have to make them feel like they get a bargain by counter offer and settle at a lower price than your counter offer.

 

[Altoz]

The last domain I sold, the initial offer was $200 and ended at $5000 (NLLLLL.com)and no broker fee.
Found me via landing page. Counter offer for sure. $5000 initial offer is great start.....

 

[BrandVenue]

Since the buyer is willing to pay commission and fees I assume the offer came from GoDaddy domain buy service. If that's the case then you should definitely counter. GoDaddy domain buy service initial offers are almost always not the highest offer. I've sold a two word brandable domain where I countered almost double of initial offer and it was accepted by domain broker immediately. I think I could've gotten more.

$5k initial offer is good, I think $10k - $15k counter offer is fair. You can also ask questions or take suggestions from domain broker, they are very helpful.

 

[frank-germany]

Just to add buyer is willing to pay all fees and brokerages

standard

and now I think, too
you should ask for much more

 

[gemstar]

I really don’t know how we can be throwing numbers around without even knowing what the name is. Sure we can say get the most you can but there are many factors to consider. If you get too greedy your stuck with a name and no cash. As one big business man said. In a competitive market sell low but high volume then you will make more than the one who waited to sell high .
I still say unless your name is universally compatible take the money. You’re more safer with 5k in hand than a string of code collecting dust

 

[forge]

On what planet did you experience this? When contacted by a GD broker with a buyer interested in a domain of ours, we'd be lucky if they came back with any negotiation at all. As a result we are not quick to respond to those missives.

I'd have to agree. In my experience, with Godaddy "Buy Service", their broker did absolutely nothing on my behalf as a seller.