discuss Buyer not responding. Got stood up

abstractdomainer · Apr 30, 2020

I recently happened to outbound a geo-domain which I planned to sell at $299. We agreed on a price of $225 for the domain. The buyer promised to purchase it after 4 days. Now, I don't hear a reply to my mail. I have sent 2 mails but no response yet.

What should I do?
Did I just lose out on the sale? Do I contact them or should not disturb them anymore?

It was a domain that I registered 2 days back. So, $225 was a good deal for me. What do you suggest should I do?

karmaco · Apr 30, 2020

Put a buy it now somewhere. If you continue to contact you just look desperate.

abstractdomainer · Apr 30, 2020

karmaco said:
Put a buy it now somewhere. If you continue to contact you just look desperate.

I think the sale wouldn't wouldn't happen if I don't push it.
What do I do in that case?

Jonathan Beadle · Apr 30, 2020

All i can say is; this is not the last time this is going to happen. Not an uncommon scenario.

topdom · Apr 30, 2020

You can invent a trick like this: Say: "Meanwhile someone else offered 150, I don't know how high would they go, but since I promised to sell it to you for 225 , I will let you take it with this price for 2 days, and if I don't hear from you I will sell this domain to them if they can increase their offer to at least 350. " If you do this are you lying: maybe but it means counterlying, not very unethical, they lied first. If you don't like lying even if you are lied to , you can offer $150 to yourself first.

Recons.Com · Apr 30, 2020

It is all about stats. If you do it right (right name, right outbound etc.), with this kind of names, you'd be selling around 10% for the average of $299. The rest would be put on BIN somewhere or liquidated to others for cheap.

So, just treat this name as part of that 90% that did not get moved by the outbound and move on.

bmugford · May 1, 2020

It happens. Move on.

Brad

Peak.Domains · May 1, 2020

I wouldn't tell them that another party offered *less*, that seems to hurt your position. If you were going to invent offers, "I had an offer at full asking price, but I will honor our negotiated price for another x days." seems like a better option, but I wouldn't personally recommend inventing fake offers either way. If they're ill, or distracted by something else, setting x days too low could also cost you the sale since you'd ultimately have to reveal there actually wasn't another offer.

You could tell them you're putting the name back on the market and hint that it could go to one of their competitors, if you'd like to give them a nudge without being dishonest.

Furquan · May 1, 2020

abstractdomainer said:
I recently happened to outbound a geo-domain which I planned to sell at $299. We agreed on a price of $225 for the domain. The buyer promised to purchase it after 4 days. Now, I don't hear a reply to my mail. I have sent 2 mails but no response yet.

What should I do?
Did I just lose out on the sale? Do I contact them or should not disturb them anymore?

It was a domain that I registered 2 days back. So, $225 was a good deal for me. What do you suggest should I do?

It's happen move on.

Contact other end-user of that name and offer the name for the same price.

Bob Hawkes · May 1, 2020

While I know it is frustrating, @abstractdomainer, I think it has happened to most, and will continue to happen.

I believe it is true in most jurisdictions there is a cooling off period for most agreements to purchase (e.g. someone comes door to door selling vacuums or life insurance, you agree to sign up for a plan, but next day have second thoughts - in at least parts of the world you can return any product and get funds back). I suspect, not legal advice, that most jurisdictions would regard an agreement to buy after an outbound in a similar category.

In any case, trying to force a sale when the buyer has second thoughts will not be fruitful, or worthwhile even putting the effort in for this amount.

The best, as others have said, is simply price it, list it, and move on. Best wishes for future sales.

Bob

ikhub · May 1, 2020

It's a common thing happening everyday. Have patience, don't show the buyer you are desperate to sell the domain. I personally have experience of customers coming back after six seven months.

abstractdomainer · May 15, 2020

Jonathan Beadle said:
All i can say is; this is not the last time this is going to happen. Not an uncommon scenario.

But is there a way to convert the no into a yes?

Recons.Com said:
It is all about stats. If you do it right (right name, right outbound etc.), with this kind of names, you'd be selling around 10% for the average of $299. The rest would be put on BIN somewhere or liquidated to others for cheap.

So, just treat this name as part of that 90% that did not get moved by the outbound and move on.

Makes sense! Valid argument! Let me look at the rest of the names.

Bob Hawkes said:
While I know it is frustrating, @abstractdomainer, I think it has happened to most, and will continue to happen.

I believe it is true in most jurisdictions there is a cooling off period for most agreements to purchase (e.g. someone comes door to door selling vacuums or life insurance, you agree to sign up for a plan, but next day have second thoughts - in at least parts of the world you can return any product and get funds back). I suspect, not legal advice, that most jurisdictions would regard an agreement to buy after an outbound in a similar category.

In any case, trying to force a sale when the buyer has second thoughts will not be fruitful, or worthwhile even putting the effort in for this amount.

The best, as others have said, is simply price it, list it, and move on. Best wishes for future sales.

Bob

Thanks! Yes, I guess I will have to move on!

noneisnone · May 15, 2020

At least you didn't get back a "dogshit unsubscribe" reply when you spent hours making sure the email doesn't sound automated xD

seank · May 18, 2020

Happened to me numerous times.
Normally came after i countered a few times.
Why did he initially agree to buy in 4 days? and not on the spot?

jim h · May 18, 2020

Keep calm. It's going to happen all the time. I've been through it four times like you in the past six months.

abstractdomainer · May 21, 2020

seank said:
Happened to me numerous times.
Normally came after i countered a few times.
Why did he initially agree to buy in 4 days? and not on the spot?

Well, it was tough to ask then. I should have offered it at $199 for a quick sale right then and at $225 in 4 days. Don't know how it would have projected me though. Desperate or smart?

jim h said:
Keep calm. It's going to happen all the time. I've been through it four times like you in the past six months.

Ya, happens all the time. Need to have a tough skin

Mytz.com · May 28, 2020

Buying and selling domain names can sometimes be impulsive, and it's better to sell them for $200 now than $300 in four days

othellotech · Jun 20, 2020

abstractdomainer said:
Did I just lose out on the sale

It's only a *sale* after you get the money and hand over the product.

They're either busy, cash-strapped or changed their mind. - if they don'y come back regarding their _offer_ in a week, move on and start marketing it again.

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