$500 offer for hand reg yesterday

baseballworld said:

Weird how the offer came so fast.

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Maybe buyer was keeping on eye on it and lost it to current owner. Buyer has to move fast with an offer at the beginning stages to hope seller quickly accepts seeing it's such a quick flip. Some of my quick offers were also from previous owner who forgot to renew.

Yeah i get a ton of emails from people on domains i previously owned. But my case I dropped them for a reason.

namefork said:

I got an $500 for a domain hand reg yesterday ...looks like an offer from a person who runs a NGO, domain is a brandable TM free edu based...should I counter or accept..

What will u do?

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It all depends on the value of the domain name, if it is worth much more you should play a counter-offer.

NGOs aren't ours ideal clients

I would accept it to re-invest coz its wise to sell the domain and reinvest in some other. If you didn't find the exact type of buyer in future the domain value will go down that means will take time to find the buyer.

It happened to me in earlier , I countered with a week old hand reg domain offer ($480) then the buyer backed off.

I would have countered higher if the initial offer was 500 I would have went at least to 2000

Any news?

Counteroffer always depends on how strong is the domain and how rich is the potential buyer.
I had four different kind of experiences:

1. nice handreg domain, $500 offer, countered $2500, buyer declined and decide to buy another similar;
2. "meh" handreg domain, $200 offer, countered $1000, closed at $600.
3. nice aftermarket domain, $50 offer, countered $800, accepted and closed at $800 .

1. can be practiced when you feel confident your domain has a good value. Be prepared to see more "too much, thanks" than you imagine.
2. and 3. depends mostly from the buyer.

Oh, wait i forgot the 4.

4. nice handreg domain, $200 offer, accepted, deal closed at $200 within minutes.

Sell

you in a position to not sell? If you don't need the money then counter, if you really need the money accept, is good roi

Try to find out a bit about the buyer. I had a request to buy for a Forex name of mine few years ago. I'd discussed it on a domain board ( not this one), and was told that the name was rubbish by the "pros" there. I asked £250 for the name, and had an immediate acceptance. After the sale I found out that the name was the exact one used by a Swiss bank for their Forex service. Heaven knows what they would have paid if I had asked for more. Still £250 for a hand reg wasn't too bad, I guess.

All depends on the quality of the name, and what you believe it worth.
I have registered a domain before tow months, yesterday I got an offer for $750, I have sent a counter offer for $2,300.
I will not sell bellow $1,500.
Good luck.

Like others have said, if you were going to counter you should have done it by more than $200. But then again, if it were me, I would have taken the money and ran. Good luck and looking forward to see what happens!

It all depends on your present financial position. But for me, I would just say my expectation is higher and explain why the price should be more higher by showing the value of the domain.If he really need the domain he will surelly add more and if the addition is not enough, I would then know that he really need the name and counter the second offer.

But one major thing is knowing the personalty of the negotiator is very important before sending counter offer. I do not subscribe to first time offer. There should be a counter offer, one could be leaving money on table without counter offer. Cheers.

All this psychology lol.

I feel like emailing people with a $500 offer, then when they counter with $2700, I'll act offended and say deal is off. :P

If it happened to me I would certainly ask a bunch of people with no money involved what they should do with an offer from an unnamed person on an unnamed domain.

It's like asking the question:
I picked some berries from a tree but I'm not sure it's poisonous - should I eat it?

And getting the answers:

Sure, what's the worst that could happen?
No way. It might be poisonous!
Let your friend try it first and see if they're ok.
If it's blue, eat it, it might be good.
If it's blue, it might be deadly.
I've eaten red ones before so if it's red it could be ok.

Oh..and the...

I had loads of berries that were the best berries ever. I'm awesome.


Good luck.

Waiting for an update.

Sold 500

namefork said:

Sold 500

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congrats.

Hard to know. You sold it the bank?

Kuffy said:

Try to find out a bit about the buyer. I had a request to buy for a Forex name of mine few years ago. I'd discussed it on a domain board ( not this one), and was told that the name was rubbish by the "pros" there. I asked £250 for the name, and had an immediate acceptance. After the sale I found out that the name was the exact one used by a Swiss bank for their Forex service. Heaven knows what they would have paid if I had asked for more. Still £250 for a hand reg wasn't too bad, I guess.

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Yep - I didn't know it was the bank until afterwards. They used a personal email for the pre-sales chat.