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discuss Best way to reply to 5 figure first offer?

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alcy

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so i've been domaining for 5 years.. and its been all regs for me (99%) ... and 99% of those were off fresh expiries. so I wasn't really expecting bigger sales .. i guess u could say aftermarket buying for resale is still something thats ahead of me... and i do look forward to it indeed.

that being said... my highest sale so far was 4 figures... 6xxx... so today when i had first offer in low 5 figures, which looks rather genuine ... i thought i'd make post of it... for others to learn from and for those with more experience to comment on.. and for me, well, to make my first 5fig sale as big as possible... :) thus... how would you respond to such bodis inquiry? its a 2-3 year old .ca handreg... taken in 30-40 tlds... let me know yer thoughts.......inquiry quote:

Offer: USD 12500
Message:
My client asked me to reach out to you. They want to use this for a business in Toronto. Please let me know if the bid works for you. They can move quickly if so
 
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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.

i use dan to close all sales and leads.. and its been very smooth with them. plus they offer many payout options. sadly, escrow.com offers nearly none to canadians. very sad.

i could have tried epik but im less familiar...

of course if they write they do not want dan, im flexible.

the buyer truly does appear like brand new starting business as they say, but researching the "broker" email address.....it seems like some internet marketing service.. owning 100+ domains...3 million per year revenue....and couple dozens employees... but.. its unlikely they are the ones paying for this... then again in this world we live in today.. anything goes.. and this could just be guys who have buyer for my name at 50k-100k...and they're buying this off me for 12.5k.
 
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i use dan to close all sales and leads.. and its been very smooth with them. plus they offer many payout options. sadly, escrow.com offers nearly none to canadians. very sad.

i could have tried epik but im less familiar...

of course if they write they do not want dan, im flexible.

the buyer truly does appear like brand new starting business as they say, but researching the "broker" email address.....it seems like some internet marketing service.. owning 100+ domains...3 million per year revenue....and couple dozens employees... but.. its unlikely they are the ones paying for this... then again in this world we live in today.. anything goes.. and this could just be guys who have buyer for my name at 50k-100k...and they're buying this off me for 12.5k.
Good luck with this but are you comfortable sharing the name? Even through DM ? Either way, good luck and close it the best you can get.
 
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@alcy
From My experience, if the possible buyer is a company that's generate only $3M in revenue, They will not buy a domain for a range of 50k-100k. only if the name is a dot com.
just counter an offer of $20k and u will be ok.

good luck
 
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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.

+1
 
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I would accept 12.5K for a .ca hand reg.
 
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@alcy really hope this works out and the sale completes. I think you did the right thing to accept. I like the wording @Recons.Com suggested above for situations like this.

I don't agree with the sentiment some have expressed that a hand reg .ca is unlikely to fetch this price. For example ThistleDown in .ca was a hand-reg in Oct 2017 it appears, and it sold for $15,500 two years later in late 2019. BitcoinCash was hand reg in 2014 and sold for $12,000 five years later. I agree it is rare, and the Canadian presence requirement make the market far smaller, but also fewer scouring all the names.

Anyway, fingers crossed for your sale, and please let us know after it completes,

Bob
 
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wow this is quick turning into oddest sale/nego i ever had... and I had a bunch...

when this "broker" got dan checkout email apparently he realized he made typo in price thinking hes offering on the .com from what I understand.... so he told me this.. then asked buyer (I got cc email with buyer addy which is already weird ffor broker to do).. what he can pay for .ca... then the apparent buyer wrote me direct saying 4k or we forget it.

obviously any sane domainer wil be beyond happy selling a 3yr old .ca handreg for 4k... so im not gonna be making much fuss about any of this at risk of loising buyer... even if in some regard im being scammed here.. negotiation wise etc.. i am still going to be delighted to get 4k for this...... so i guess my first 5 figure sale will wait some more... as i mentioned before, its unlikely to come from handreg.. though as BOB said... these do hapen... its just rare as diamonds... for say upto 3yr old handregs.. obviously its different for 10yr old handregs etc ;)

i posted this as learning experience for all. so i hope its what it was.

i resent dan checkout for 4k... so i'll update if this sells.

one thing i found bit odd is broker originally saying they;ll be toronto based... and now the buyer writng:

As the biz Will be based in the us we only really care about the .com
I'd buy the .ca for 4K today
Otherwise let's forget it



but..maybe the hq is usa... then some branches... i guess there is always that chance he thought he was making 12,5k offr on .com

then of course there is the other.. which is him seeing i accepted 12.5k, without counter... he tried his luck to lower it in a nego tactic.

bit odd.... but at 4k i dont wanna care too much, i had offers of few 100s on this name in past,,, and would have easily sold for high 3figs.
 
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wow this is quick turning into oddest sale/nego i ever had... and I had a bunch...

when this "broker" got dan checkout email apparently he realized he made typo in price thinking hes offering on the .com from what I understand.... so he told me this.. then asked buyer (I got cc email with buyer addy which is already weird ffor broker to do).. what he can pay for .ca... then the apparent buyer wrote me direct saying 4k or we forget it.

obviously any sane domainer wil be beyond happy selling a 3yr old .ca handreg for 4k... so im not gonna be making much fuss about any of this at risk of loising buyer... even if in some regard im being scammed here.. negotiation wise etc.. i am still going to be delighted to get 4k for this...... so i guess my first 5 figure sale will wait some more... as i mentioned before, its unlikely to come from handreg.. though as BOB said... these do hapen... its just rare as diamonds... for say upto 3yr old handregs.. obviously its different for 10yr old handregs etc ;)

i posted this as learning experience for all. so i hope its what it was.

i resent dan checkout for 4k... so i'll update if this sells.

one thing i found bit odd is broker originally saying they;ll be toronto based... and now the buyer writng:

As the biz Will be based in the us we only really care about the .com
I'd buy the .ca for 4K today
Otherwise let's forget it



but..maybe the hq is usa... then some branches... i guess there is always that chance he thought he was making 12,5k offr on .com

then of course there is the other.. which is him seeing i accepted 12.5k, without counter... he tried his luck to lower it in a nego tactic.

bit odd.... but at 4k i dont wanna care too much, i had offers of few 100s on this name in past,,, and would have easily sold for high 3figs.

I think it's a bit risky accepting the 4k immediately after accepting a offer of 12.5k, I would've countered at 6-7k. He may think he can reduce the price even more and come with a 1k offer next.
Hope I'm wrong and it actually sells.
 
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I think it's a bit risky accepting the 4k immediately after accepting a offer of 12.5k, I would've countered at 6-7k. He may think he can reduce the price even more and come with a 1k offer next.
Hope I'm wrong and it actually sells.

Party is bizarre, go with your gut, @alcy.

Why do you resent Dan checkout, @alcy?

If Buyer playing games; Why is it Dan’s fault?
Samer
 
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Party is bizarre, go with your gut, @alcy.

Why do you resent Dan checkout, @alcy?

Look buyer playing games; Why is it Dan fault?
Samer

Where do you see him saying that it's dan fault?
 
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i resent dan checkout for 4k... so i'll update if this sells.

Why? Looks like blaming DAN for lead.

DAN is the best; set BIN to avoid fake offer
 
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Party is bizarre, go with your gut, @alcy.

Why do you resent Dan checkout, @alcy?

Buyer playing games; Why it Dan fault?
Samer

i resent dan checkut cause the other add lead was for 12.5k
 
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Why? Looks like blaming DAN for lead.

DAN is the best; set BIN to avoid fake offer

no bins
this was add lead
so now i need to make new add lead for new price
 
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I think it's a bit risky accepting the 4k immediately after accepting a offer of 12.5k, I would've countered at 6-7k. He may think he can reduce the price even more and come with a 1k offer next.
Hope I'm wrong and it actually sells.

lol yer right
which is why i mentioned he could be playing trick seeing i took his 12,5k

obviously there is limit to tricks he can play
lowering it to 1k wont work for me
i hope he knows it

:)

but.. thats all just assuming its a trick. i cant be sure.
 
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@Dan @LaszloSchenk even tho they usually dont post outside DAN thread. Your situation is different.

ok for moment i thought u thought im blaming someone

but your just trying to help in weird way lol

tnx

no worries, it takes 1 minute to make new lead
there is no need to ask dan to change it
they waste 20 mins reading this thread and i can make new lead and price in 1 minute

so all good
 
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ok for moment i thought u thought im blaming someone

but your just trying to help in weird way lol

tnx

no worries, it takes 1 minute to make new lead
there is no need to ask dan to change it
they waste 20 mins reading this thread and i can make new lead and price in 1 minute

so all good

@alcy you’re one of most reasonable here; if anything, emphasis on any ur complaints, you’re credible, trustworthy.

It’s Why i’m rying help and understand your frustration, pain with anything in DAN process.

Even if it’s not what you wanted; I much learn;
Thank you for sharing; regardless wht happen!
 
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@alcy you’re one of most reasonable here; if anything, emphasis on any ur complaints!

Why trying help.

your real hard to follow sometimes.
but im sure yer intetions are good even if sometimes i have no clue what you are saying or what is the langugae u use :)
 
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As the biz Will be based in the us we only really care about the .com
I'd buy the .ca for 4K today
Otherwise let's forget it


This is typical game playing and fishy to me. Hope it still goes through for you.

I think Samer took resent as I resent you. Not I resent the email.
 
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As the biz Will be based in the us we only really care about the .com
I'd buy the .ca for 4K today
Otherwise let's forget it


This is typical game playing and fishy to me. Hope it still goes through for you.

I think Samer took resent as I resent you. Not I resent the email.

i have no idea what samer said... i just said i had to make new lead with new price. which i did have to do.

well... dont get me wrong id love to get 12.5k. or more.
but i also cant really aford to lose 4k potential sale on this little handreg.
so even if he thinks hes winning and tricking me into something (if he is) then on my end, im still thinking im winning with this sale.. so... u know... its all good. lets hope he pays
 
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Some sellers never accept an initial offer because it makes the buyer think they could have had it for less. This has served me well in the past, but I have had my share of missed sales too.

This buyer could have started at 4k and you would have been thrilled no doubt. The starting offer did seem abnormally high for any domain so maybe there was a mixup with extensions. This is such a weird negotiation, I sure hope it ends well. Good luck alcy!
 
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As the biz Will be based in the us we only really care about the .com
I'd buy the .ca for 4K today
Otherwise let's forget it


This is typical game playing and fishy to me. Hope it still goes through for you.

I think Samer took resent as I resent you. Not I resent the email.
Agreed. @alcy mishandled the situation. He should ask what is the situation with the.com version? Can it sell for more than the initial offer they made? No one makes a mistake between .CA and COM. I would give them the benefit of the doubt if the name was .CO. So yes, they are trying a tactic with you and it appears you accepted
 
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Agreed. @alcy mishandled the situation. He should ask what is the situation with the.com version? Can it sell for more than the initial offer they made? No one makes a mistake between .CA and COM. I would give them the benefit of the doubt if the name was .CO. So yes, they are trying a tactic with you and it appears you accepted

thats like saying that if i persued inquisition into this and his play on words or tactic.. it would have resulted in me getting my 12.5k... i hardly think its true.. if anything he may have realized im onto him.. caling him cheat or something...

im super comfy at 4k. obviously, i have my limits with the price.. its just that they have not been reached with his 4k price.
 
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