discuss Best way to reply to 5 figure first offer?

Accept it

As always very hard to say without knowing the name. I always always counter even if only a little more. If you jump on that first offer they often try to go lower or feel they are overpaying. Do a full search on this name on Google etc.for any recent changes. Look at what the other extensions are asking for theirs if available.

Without knowing the name it is impossible to give you a reasonable answer - I do not know if you are from Canada otherwise I would ask someone who knows more about the .ca market - Good luck

karmaco said:

As always very hard to say without knowing the name. I always always counter even if only a little more. If you jump on that first offer they often try to go lower or feel they are overpaying. Do a full search on this name on Google etc.for any recent changes. Look at what the other extensions are asking for theirs if available.

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12k for 3 year handreg in any tld is basically big time win... especially in cctlds.. so it comes down to wording of the inquiry... to feel whether dealing with big budget company able to pay more.. or not.

wwwulff said:

Without knowing the name it is impossible to give you a reasonable answer - I do not know if you are from Canada otherwise I would ask someone who knows more about the .ca market - Good luck

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yes canada..its not possible to own ca names otherwise.

as i just wrote above, i posted this mroe to get sense of whether the inquiry suggests its big company willing to go higher.... or not.

i believe at 12k, for a few year old handreg, the name becomes basically irrelevant. imo

Impossible to say without knowing the domain. I’ve lost 5 figure offers by asking for a bit more. Then again, I’ve rejected 5 figure offers with no worries.

alcy said:

12k for 3 year handreg in any tld is basically big time win... especially in cctlds.. so it comes down to wording of the inquiry... to feel whether dealing with big budget company able to pay more.. or not.

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True but there are psychological factors involved in any deal. In my mind, someone values something at five figures opener you have to ask yourself why and agree with them and price accordingly. Hand reg is irrelevant to me. Its the name that matters.

Unfortunately that wording sounds suspect. Most offers on behalf of a client include words to the effect of “How limited my client’s budget is” and never start off near the full value or asking price of the domain.

So unless that domain you have there is easily worth six figures or close and that $12500 offer is insultingly low, I’m afraid that wording is leading up to some kind of appraisal or other scam.

karmaco said:

True but there are psychological factors involved in any deal. In my mind, someone values something at five figures opener you have to ask yourself why and agree with them and price accordingly. Hand reg is irrelevant to me. Its the name that matters.

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hm.. i meant name is irrelevnt in the sense that my investment is minimal..... and also suggesting that the quality of name is not so great.. because we cannot handreg very high value names in most cases..

so to me personally the purpose of this thread was more to figure out the subtleties of wording of inquiry, to decide if buyer can go higher or not.. if counter or not..

imo

xynames said:

Unfortunately that wording sounds suspect. Most offers on behalf of a client include words to the effect of “How limited my client’s budget is” and never start off near the full value or asking price of the domain.

So unless that domain you have there is easily worth six figures and that $12500 offer is insultingly low, I’m afraid that wording is leading up to some kind of appraisal or other scam.

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ty for voicing this.
its possible to be fake offer,
but i'll eliminate the appraisal scam, as those do not lead up to this scam.. but mention it in first post... and in different wordings... from the ones i saw.

i am not sure what u mean that its easily worth 6 figures.. givem i mentioned its few year old handreg... one cannot handreg names.... in essentially any extension that are easily worth 6 figures... one can only buy such names for 5-6 figures.

i've seen my share of offers and inquiries... sales too... so im kinda leaning toward this being genuine.. the question is,... does the wording suggest they can pay more.

What I mean in case it wasn’t clear is - I’ve received low five figure offers on domains I have listed for a lot more or that are worth a lot more than low five figures. I almost never see a legitimate offer start off at full value.

xynames said:

What I mean in case it wasn’t clear is - I’ve received low five figure offers on domains I have listed for a lot more or that are worth a lot more than low five figures. I almost never see a legitimate offer start off at full value.

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sorry. but i do not believe there is such a thing as 2-3 year old handreg.. in any extemsion... that is "easily worth 6 figures". which im quite sure is what u said. so i just wanted to point this out.. and eliminate it as possibility. as my name obviously is not "easily worth 6 figures".

nor really easily worth 5... or perhaps not even easily worth 4.

Your biggest sale since you started 5 years ago.
Hand reg.
.ca.

I'd take it and buy good .com domains.
Because of the first point (biggest sale ever), Id take it without any further negotiation, leave that for next time.

alcy said:

does the wording suggest they can pay more

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The wording says nothing but most brokers probably won't put up with the best offer first so if you feel the offer is genuine then make a counter offer

Windoms said:

Your biggest sale since you started 5 years ago.
Hand reg.
.ca.

I'd take it and buy good .com domains.
Because of the first point (biggest sale ever), Id take it without any further negotiation, leave that for next time.

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yes bit ironic isn't it.
its a given my biggest sale would be handreg.. since 99% of my stuff is just that.
but... for it to be ,ca .. would be indeed ironic.
good advice. thanks. i am leaning toward that too.
maybe with this profit as u say, it would be a good time and oportunity to enter a bit of the aftermarket.. in the .com.

"Please let me know if the bid works for you. They can move quickly if so"

You dont want to waste time while theyre negotiating another domain on the side.
Move quickly.

Youll take that risk next time, when you can afford it.

Not sure why Alcy runs off on tangents talking about hand regs. I’ve just opined in multiple manners that the offer appears fake unless that domain - whatever it is - is worth a lot more than 12,500. How was I unclear? End of story. I wouldn’t spend hours worrying over how to respond to it.

Windoms said:

"Please let me know if the bid works for you. They can move quickly if so"

You dont want to waste time while theyre negotiating another domain on the side.
Move quickly.

Youll take that risk next time, when you can afford it.

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i think u are quite right,
i feel their wording suggests in a way they may be open to paying more (let me know if bid works for u).. but if so then the big question becomes; how much more.. and also, are they negotiating other names on the side.

for this kind of profit, and reinvestment oportunity in other domains, this may just not be worth countering

though so far the views here are basically 50/50

xynames said:

Not sure why Alcy runs off on tangents talking about hand regs. I’ve just opined in multiple manners that the offer appears fake unless that domain - whatever it is - is worth a lot more than 12,500. How was I unclear? End of story. I wouldn’t spend hours worrying over how to respond to it.

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well..he just wanted to be clear that its not easily worth anything other than the 30$ or so he put into it... vs a name that was paid say 5-6 figures on aftermarket.. where claim can be made that its easily worth 6 figures.

i think alcy is just bit perfectionist and likes to be clear on things. hes alright though,

in my experience Message field of Bodis inquiry is quite important. If the offer was $12.5k without any message I'd say it's 99% fake offer but the message suggests it might be a genuine inquiry as there are some interest shown.

I'd probably rule out this as appraisal scam as most appraisal scams come from fake Japanese / Asian clients. This inquiry says client from Toronto and domain name is .ca so it doesn't look like appraisal scam.

30-40 tld's taken means this name has some value to some person. Have you tried to find out who the inquirer is by Googling email / phone number?

If I were you I'd counter the offer with $20k with aiming to close at at least $15k. In my experience if the offer is genuine then the starting offer is often time not their highest offer.

Also I'd use email tracker to see if they have seen my reply, how many times, and if possible from what location. These tells a lot of things

If you are thinking to accept the offer without countering then I suggest you read following Namepros post

https://www.namepros.com/threads/how-do-you-accept-initial-offers-without-looking-too-eager.972894/

Offer looks fine.

Write something along this line:

"Hi

Thank you for your inquiry. We normally sell premiums names like .... .ca for considerably higher price. But we realize that in the current global situation we need to be more forthcoming to meet the clients' needs.

We accept your offer of $12,500.00 on the condition of reasonably fast payment and closing of the deal.

Best Regards"

thx! good tips! I agree with basically all. scam wise etc

20k would be amazing.. but i wont risk things for 15k (I know u just said it as example but we get the point).. that being said i decided to send him a dan checkout email (add lead).... for his price this morning. and go with his hint that the buyer is willing to move quickly if i accept their price. fingers crossed. ty all.

alcy said:

thx! good tips! I agree with basically all. scam wise etc

20k would be amazing.. but i wont risk things for 15k (I know u just said it as example but we get the point).. that being said i decided to send him a dan checkout email (add lead).... for his price this morning. and go with his hint that the buyer is willing to move quickly if i accept their price. fingers crossed. ty all.

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I would have suggested escrow. First, if they are brokers, then can hide their fee, so more motivated to do the sale. Second, you'd save couple hundred bucks.

Recons.Com said:

I would have suggested escrow. First, if they are brokers, then can hide their fee, so more motivated to do the sale. Second, you'd save couple hundred bucks.

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Dan self-lead is a game changer.
5% commission; they handle escrow.
with no fees on top of fees

Dan.com is soo much better than Escrow.com.
If he didnt request Escrow.com; accept the gift

Samer