advice Can I change the price I quoted?

Just because someone corresponds with you doesn't mean they want to buy the domain. The CEO is learning a little bit about the new extensions relative to his field from this talk with you, this curiosity to learn is why he is a CEO. But this also makes you think he is super interested in buying the domain, "I can ask for more".

johname said:

Just because someone corresponds with you doesn't mean they want to buy the domain. The CEO is learning a little bit about the new extensions relative to his field from this talk with you, this curiosity to learn is why he is a CEO. But this also makes you think he is super interested in buying the domain, "I can ask for more".

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One end-user's interest and his financial status is only part of the equation. The other part is the domain's own value and the possibility that other users might want it too.

Then you didnt fully figure out the value before sending him a quote

Best to adjust on the next guy then retrofitting on someone nice enough to talk to you.

Crypto King said:

I think the point @NameSplice is making is that it is bad practice to do that... I wouldn't like to deal with someone who keeps upping the price. I do however, get your point also that if you're not happy ultimately then do not sell for that price as you shouldn't have any regrets when selling. I think the best thing to do in his scenario is wait and see what the interest of the buyer is. If he come back with a counter offer which is 50% of the current ask, then I do not see the point of even considering to increase the price.

Just wait and see for now. Personally, I would not increase the price but hey, mistakes happen.

Now just wait and see what happens.

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so you can't buy from Mike Mann and me

Let's wait and see!

frank-germany said:

so you can't buy from Mike Mann and me

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You're probably right if you quoted me a price through outbound marketing and then upped it before I even got a chance to accept .

hawkeye said:

Seriously!?! How would you react if you were quoted a price and then they raised it afterwards because ‘they wanted to make a big deal’! Good grief.

Here’s some advice for you - “Bears get full, pigs get stuck!”
..oink oink.

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It's "pigs get fat, hogs get slaughtered"

ilucky21c said:

Can I change the price I quoted?

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Short answer:
No. If you quoted the price with no condition, you can't. It's illegal in all countries I know.


Long explanation:

Quoting a price and receiving that amount of money from the buyer is your condition. Receiving the ownership of the domain is the condition of your buyer. If both parties (you and the buyer) agree, this is called legally binding agreement. If the buyer accepts your condition (price) you have to accept his/her condition (transferring the ownership of your domain). If you don't, the buyer can legally force you to obey the agreement conditions.

When you quote a price it's agreement and it's legally binding you if the buyer accepts to pay you the price you want for your domain. Because quoting price means you accept the condition of the buyer (transferring your domain ownership right to him/her). So both parties will agree if the buyer accepts the price.

When you change a condition (price) you create another agreement. But, you can't create another agreement before making the previous one void. Like making the first agreement valid and legally binding agreement, all the parties should agree to make the first agreement void. Otherwise the first agreement is valid (if there is no time limit or another condition) and you can't make it void unilaterally.

I am not a lawyer.

An agreement isn't formed until the price is accepted by the buyer. You should be able to change the price, if you can reasonably assume the first price isn't accepted by the buyer. Changing the price means in both directions, you can raise or lower the price if the first price isn't accepted by the buyer. To make sure, ask the buyer if he/she will buy. If s/he says no, then you can change the price. Just ask your buyer. It's better than waiting for his/her reply. Patience is necessary but timing is vital If you wait too much, you can lose a sale. If you ask your buyer whether s/he will buy or not, your buyer might hurry up because he/she may think there is another buyer.

Maybe you can attach a deadline, but I don't know if it works.

If you change the price you can look dishonest/opportunist or desparate.

A buyer from a rich country offered 90 usd at Sedo, which is the minimum offer chosen by Sedo. After my counteroffer offered 90 twice again, and said "I don't play games". So, he has money , but he is worried about getting scammed. I explained the situation, but he was probably not convinced. He thinks I'm changing the price.

You can change the price but not in the middle of negotiation. I sold a domain after raising price, but this doesn't mean the buyer saw previous price.


Someone offered 100 for one of my .info's. I countered 10K. Someone else contacted me via a broker,.. and I sold it for 18K.

If you set deadline and get no reply it means the price isn't accepted. After the deadline passed with no reply there is no point to raise the price you can only lower after that point but lowering the price is a bad move. Because if you lower the price people will think the price will decrease at least one more time. Buyers will not buy. I would stick to the first price that I quoted even if it was declined.

"I don't play games" is an idiotic reply. It's funny. Who play games at a marketplace?
Sedo should hide country of the people. Country info changes the behavior of buyers. I remember there was a guy here complaining not making sales as he's from Russia. Yes, people behave you differently if they know your country. Sedo should hide country info.

He's not going to sell it to the inquirer for 2500 or 4000, so all this talk is academic. If he is so sure it is worth 4000, he should just quote 4000 to the next inquirer.

When you have to talk and think so much about a domain's value where no one even wants it yet, it usually means it isn't a very valuable domain in the first place. This domain is a new extension, worth probably little or nothing until after that extension starts making some sales. I assume what this domainer did is register some domain name that this company already has or is in the field of, in this new extension, figuring that this company would want it...want it over all the other identical names with other extensions that are available.

If I were you and instead of loosing out completely, I'd rather revert to my first quote and see if they will be comfortable with that and pay. It makes no sense loosing them out completely unless you want to hold on to the TLD a little bit longer.

Thank you. My humble opinion though.

xynames said:

He's not going to sell it to the inquirer for 2500 or 4000, so all this talk is academic. If he is so sure it is worth 4000, he should just quote 4000 to the next inquirer.

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Looks to me OP was the initiator, not the company, so let's see if there will be a 'next inquirer'

Good luck nonetheless, stay serious!

NYJimbo said:

Doesn't sound very enthusiastic to me. I think raising the price will kill any chance of him buying it as he already stated its of no value to him. He might be bluffing, but his lack of response shows he's not too excited.

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I do a lot of business dealing by pretending I am not interested. I also allow time to pass and always hope the other party contacts me a second time because that gives me an edge.

The CEO has done everything right and the domainer was just about to make a huge mistake.

Personally I would let some time pass and send out another email after a week or two saying my offer to sell is off the table due to no response and I have relisted it on godaddy.

VERY IMPORTANT
Do not quote a second price, just list it higher on godaddy and if the CEO responds again tell him the opportunity has passed and he needs to purchase it on godaddy.

Good luck