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question Potential buyer is claiming that can't afford

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kite26

Fearless BirdTop Member
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Let's focus to a specific scenario:

You are doing outbound marketing. We have this dialog:
Seller: Hi, i am selling whatever.com domain name. Do you want to buy it?
Buyer: Yes, i am interested for this domain name. How much?
Seller: $3000
Buyer: Sorry, i can't afford it.

........................................................................................................................................................................

Until now, we know:
1) At least the buyer has some interested for the domain.
2) For some reason, he doesn't want to pay the asked amount of money.
3) As doing outbound, you are still in weak position. You don't have an agreement in your hands nor a real bid of course.

We don't know:
1) Which is/are the reason/reasons he doesn't want to pay now.
2) Which is the sweet spot for both sides.
............................................................................................................................................................................

How you will act next?
-Will you ask him what is his budget?
-Will you just throw a fast ''discount''?
-Will you give him more time?
-Will you continue the conversation trying to convince him for the domain's value?

What's your opinion?
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
While negotiating over the years I realized that there is another factor above the numbers. It's about the communication between you and the other side. I always keep the channels open with my previous customers. They could buy again. You never know during this process. The quality of this communication, is the most crucial factor in my opinion. If you are a really trustworthy seller, the buyer possibly increase his budget.

Break the ice, just being human, not a selling not.
 
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It either means they really don't have the money or they don't see the value proposition. Figure out which one it is and act appropriately.
 
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