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discuss Accepted minimum offer for name from multi billion dollar company

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NickB

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So......

This morning at 6am I was reading through my emails with a coffee, as I usually do and saw an offer had come in from Undeveloped over night for one of my Brandables at the minimum offer of $500.

I thought to myself well I only regged it on the 18th March 2019 so not a bad ROI and without thinking accepted the offer and continued on with my day (which has been great!)

It is only at 10pm (UK time) after the Liverpool game had finished I thought to myself what I have done, no due diligence on my part, no counter offer and no bloody thought process whatsoever had gone into my morning moment of madness.

Went back onto Undeveloped, copied the IP address and started to look into it. The bomb drops and it turns out the potential buyer is a decision maker from a company that turned over $14 billion last year. He had even used his first name on Undeveloped, took 5min of research. The name goes well with the sector they work in and it makes sense why they would be interested.

I thought I would post my experience as a cautionary tale on what not to do.

Make sure you do your due diligence, do not rush into a decision and for fu*cks sake do not do anything until you have finished your first coffee of the day!

If I had all the facts beforehand I am not saying I would of countered with some crazy figure, but I would of had time to put a plan of action together......

Now I am aware an offer means jack and until he pays then it is all floating around in the breeze BUT if he pays (or not) I have learnt a very valuable lesson and I am happy to share this experience so others do not fall into the same trap.....

sigghhh I feel better for getting it of my chest :xf.smile:
 
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Soooo

The inevitable happened and the person did pay not so I cancelled it and doubled the min offer to 1k, as you do.

upload_2019-4-12_20-14-56.jpeg


The name is NOT "Anticlimax (in any extension!) :xf.wink:
 
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How anticlimactic :xf.wink:
Would of been nice to have a positive end to the story, but it's the ups and downs that make things worth it (y)

Learnt something from the comments, so all good!
 
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We all kick ourselves sometimes, take it as a lesson and think about that great ROI.

Also, just because they are a big company doesn’t mean they have a big budget for your name, you said it yourself.. you just registered in a month ago. Perhaps you left a bit on the table but they likely wouldn’t have spent a ton to acquire the name.
 
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We all kick ourselves sometimes, take it as a lesson and think about that great ROI.

Also, just because they are a big company doesn’t mean they have a big budget for your name, you said it yourself.. you just registered in a month ago. Perhaps you left a bit on the table but they likely wouldn’t have spent a ton to acquire the name.
Just to be clear ......they did not pay and I advised Undevelpped to cancel.

My takeaway from this whole episode is to take my time with future offers and not to automatically assume big company = big potential sales price.......


It's a $10k domain imo

Did you track the name down? :xf.smile: If so PM me it!
 
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Just to be clear ......they did not pay and I advised Undevelpped to cancel.

My takeaway from this whole episode is to take my time with future offers and not to automatically assume big company = big potential sales price.......


Did you track the name down? :xf.smile: If so PM me it!

I think maybe @mAd MaX misunderstood your post, as did I.

I though with your image, you were trying to say your domain is anticlimax.[tld]
 
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Just to be clear ......they did not pay and I advised Undevelpped to cancel.

My takeaway from this whole episode is to take my time with future offers and not to automatically assume big company = big potential sales price.......




Did you track the name down? :xf.smile: If so PM me it!
No, since billion dollar company ceo was interested it's worth that much I guess...you can tell me the name if you want
 
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I think maybe @mAd MaX misunderstood your post, as did I.

I though with your image, you were trying to say your domain is anticlimax.[tld]
He meant anticlimax as the situation stands I think
 
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I think maybe @mAd MaX misunderstood your post, as did I.

I though with your image, you were trying to say your domain is anticlimax.[tld]
No it's not - would be nice though :xf.wink:

Have edited the post
 
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We all kick ourselves sometimes, take it as a lesson and think about that great ROI.

Also, just because they are a big company doesn’t mean they have a big budget for your name, you said it yourself.. you just registered in a month ago. Perhaps you left a bit on the table but they likely wouldn’t have spent a ton to acquire the name.
Selling a dot com domain (whatever the name be) to a billion dollar company for less than $10k (at least) is clearly underselling
 
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Selling a dot com domain (whatever the name be) to a billion dollar company for less than $10k (at least) is clearly underselling
🤣
 
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Your average sale price to end users is $3k-9k as per your statement.

How much would you sale a domain for if you find out the buyer is a billion dollar company (not a PRO reseller)? 😉
 
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I received an offer $300 from one company with Market Cap $50B, i rejected it, their second offer was $500, they wrote that have limited budget and they can not to pay above $500. Domain was three letters .co

$500 is the CEO's lunch money, and he is willing to skip today's lunch only.
 
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They may come back eventually. I sold one yesterday after a year passed since someone first contacted me. They never accepted my counter. I upped the BIN after my counter expired and left it at that. They bought it at BIN, domain delivered money in my account :)

If you're confident about the name, just be patient and have faith.

Added: Just a mid $xxx sale but not a bad ROI for a 2 year hold on a handreg.
 
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They may come back eventually. I sold one yesterday after a year passed since someone first contacted me. They never accepted my counter. I upped the BIN after my counter expired and left it at that. They bought it at BIN, domain delivered money in my account :)

If you're confident about the name, just be patient and have faith.

Added: Just a mid $xxx sale but not a bad ROI for a 2 year hold on a handreg.
That's a good shout about adding a BIN, I just upped the min offer.

Might just set a BIN as well and leave it be......They'll be back :xf.grin:
 
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Been there....done that.

It always hurts when you act without thinking.

We all have done this at some time.

Along the same lines is when you quote a price and they don't hesitate and accept it right away.

You will always wonder if you could have gotten more.
 
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I offered a domain to IBM a few years ago at $1,500 and they excepted the deal . A day later they offered me $100 told them to jump . At the end I got nothing and it cost them about $5,000 to get the domain in there account .
 
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its too bad multibilion companies offer min prices on domains all the time.

Why? If they are multibillion$ companies, they should be throwing money away, or allow to be fleeced off?

I don't get this reasoning. If minimum offer is set to 500 $, I don't see why would anyone in his right mind offer a single cent above 500 $ in the initial offer. After that, it's another story, if they want to reach fast deal in two offers/counteroffers, or play back and forth in dozens of offers/counteroffers, but initial offer should be minimum offer set by seller, that's common sense, methinks.
 
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If I choose, I will respond directly to the price of 10 times. If it is to cut the price, I will reply 20 times the price. Because, frankly, this is related to the mood at the time, not money. Because you know that even if you don't sell it now, you don't need this $500. The same is true for purchases.
 
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hmm why is your min $500 to start with? doh
 
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