offers Should I accept $1250 for 123/commerce dawtcom?

xynames said:

Yes good point stub. If I have a given domain listed someplace where there is a 20% commission, back of my mind always is willingness to accept a direct, net to me, offer of 80% of that full price.

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I'm moving to that model for all my domains. A fixed price on Afternic Fast Transfer and 20% cheaper if they buy from my website. I put all traffic to my website, of course. So if they look around anywhere else, they will find it 25% more expensive everywhere else As I said. I'm moving in that direction. Not there yet

Yes sometimes these potential buyers send me direct inquiries, inquiries on marketplaces and make Price Requests at Afternic, all at the same time.

But I have also dealt with people who go ahead and pay at GoDaddy/Afternic anyway, just because they are end users who don't trust anything else.

xynames said:

Yes sometimes these potential buyers send me direct inquiries, inquiries on marketplaces and make Price Requests at Afternic, all at the same time.

But I have also dealt with people who go ahead and pay at GoDaddy/Afternic anyway, just because they are end users who don't trust anything else.

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Yeah. I've had a coupe of those too. But no skin off our noses

So no news?

DomainRecap said:

So no news?

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They'll think about it. I will follow up in a few days. Will give update if it's anything worth sharing.

Here is a better question

Would you pay $1250 for the domain? Because if you don't take it then you did just pay $1250 for it due to the fact that right now you have the option of $1250 or the domain, if you choose not to sell then you just bought the domain for $1250 yourself.

That's the logic I use to decide if I should take any offers for my domains.

It’s good logic in some respects but depends on whether it’s a sale to a domainer or end user. My sales are generally to end users. Just because someone who wants to use this domain is willing to pay $1250. doesn’t mean that Haris - a domainer looking to resell - must be willing to pay the same.

On the other hand if I am offered a domain by another domainer obviously then I must feel that I may sell it for more in order to be willing to pay his price. If he’s having trouble selling it at his asking price then I shouldn’t be willing to pay that price to buy it.

xynames said:

It’s good logic in some respects but depends on whether it’s a sale to a domainer or end user. My sales are generally to end users. Just because someone who wants to use this domain is willing to pay $1250. doesn’t mean that Haris - a domainer looking to resell - must be willing to pay the same.

On the other hand if I am offered a domain by another domainer obviously then I must feel that I may sell it for more in order to be willing to pay his price. If he’s having trouble selling it at his asking price then I shouldn’t be willing to pay that price to buy it.

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I think you might have missed me, what I am trying to say is that if you have a domain, and you received an offer of $1250 for that domain (assuming this is a genuine offer that would complete) then at that moment in time if you say yes you as good as have $1250 in your bank and you no longer have that domain. If you say No, they you just reversed that transaction and now you have the domain in your hand and no longer the $1250 in your bank. Meaning you just paid $1250 (by not accepting it) in order to keep the domain, so you just bought the domain for $1250.

I understood what you are saying, but it's not entirely sensible. If I have a stock that I bought at $10. and it is now $15., just because I don't sell at $15. doesn't mean that I want to buy more at $15. nor does it mean that I bought it at $15. by not selling.

xynames said:

I understood what you are saying, but it's not entirely sensible. If I have a stock that I bought at $10. and it is now $15., just because I don't sell at $15. doesn't mean that I want to buy more at $15. nor does it mean that I bought it at $15. by not selling.

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If you have a domain that you bought for $10 and I offer you $15 and you turn it down, then you just gave up $15 to keep the domain, meaning technically you just paid $15 for the domain.At least that's the way I see it, but I guess we will have to agree to disagree on this one.

I think you can take risk if you are afford to..

Seems similar website http://123stores/ecommerce.com
These guys might be looking for this domain and looking like big e-commerce subsidiary company..

Thanks,

Josh R said:

People saying take the money and run ... No.

This is actually a good name IMO and I don't really like numbers in domains. I'd stay strong at whatever price you think it's worth. Personally I think anywhere from $2K to $5K is perfectly reasonable.

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This is the correct answer.

I am shocked at the amount of cowardice in this thread, saying take the money and run. Maybe this is why people don't make money in domaining? When you need to sell then you have no leverage in a negotiation.

The name sold before for $2,500. Now there's an interested buyer at $1,250. Despite if you think the name is good or bad, the market has already proven that it's a desirable name.

You need patience in this business. You have to be willing to sit on a name for 5-10 years before the right buyer comes along. Otherwise you're shortchanging yourself.

/end Rick Schwartz rant.

If you need the money now, or if you think you the money can be invested elsewhere, sure, sell it for $1,250.

They were not going to increase their offer, low budget, I had to accept their $1250, will probably complete transaction via Epik Escrow but it isn't set up yet. Will update after transaction is completed.

Thanks for your time fellas.

Congrats on the sale. You did the best you could have done.

stub said:

Congrats on the sale. You did the best you could have done.

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Yep, negotiation is the hardest part in this business.

As someone who gets too greedy and learned my leason. TAKE THE MONEY!

Dear friend I have recently sold a domain that was previously sold for $3500 for just $170 at namejet.
Sexondly, I have a domain that was negotiated for $1000 and I asked for $2000 but since last year seen no body asking for the domain.
I wish you take the price and ask the buyer to pay for escrow fee. That offer could be the highest he can afford.
Take the money and buy more stronger domains.
Good luck.

Take your money

He increased the offer by a factor of five. Push once more towards $1500-2000. Worst case they will still offer $1250, best case you've just made extra $$$.

Domaindaddy1114 said:

He increased the offer by a factor of five. Push once more towards $1500-2000. Worst case they will still offer $1250, best case you've just made extra $$$.

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If this was the case I would counter 1M to each offer, and then drop to 100K and drop to 10K,...
Worst case: No sale, and you renew it in the hope of selling it for at least 1250, but it never sells.

A domain doesn't become liquid just because it received an offer. I dropped domains which received high 3 fig offers.

That's actually a good name. Depends if you need the money now or not.. if you take it..you'll be happy with no risk. If you are the risk taker and want a bit more.. then ask for more. I wouldn't try to push for a sale just $250 more cuz the risk reward is not worth it. You're risking 1250 for a gain of 250... But if you want to ask for $2500, that's an equal risk/reward... So it's better. Hope that makes sense for you. Personally, I'd go for the 2500 as it's more than the previous sale price...

Take the money and run.