strategy What Is Your Highest Ratio of Final Price To First Offer?

My highest ratio was 50 when a $100 first offer turned into a $5,000 final sale.

$500 to $2500, just 5.

initial offer: 10 PLN
my counter-offer: 12500 PLN
-> accepted
so 1250:1 ratio

Generally speaking first offers are a good indication of how serious a buyer you are dealing with. Potential buyers may submit an initial offer a bit below their max but my experience has been that if their initial offer is not at least 40% of a desired selling price, it is likely you will not come to an agreement.

Regardless, I was once contacted by Godaddy about a domain I had not listed at Afternic. I believe I had a $599 BIN on an EFTY lander but since Godaddy was representing the buyer they seemed to only be willing to offer $100 for a two-word .COM. I responded if that is their max offer then it is not worth my time to respond. I listed the domain at Afternic for $1500 and raised my Efty lander to $799. It sold via the marketplace listing several weeks later. The buyer was the chamber of commerce of a city with a population over 1 million. Previously they were using a new TLD domain.

With so many lowball $20 GD offers, it's easy to go above 100X when you get finally get a sale.

My highest was a 500$ offer turned into 75K. I although didn't sell it (it was for Usa.tv that I sold for 125K some years later)

i turned 500 usd offer into sale of $25000 for npay.com
also turned offer of $100 into $20000 for homelab.com the most long negotiation of my all sales.

Riz M. said:

i turned 500 usd offer into sale of $25000 for npay.com
also turned offer of $100 into $20000 for homelab.com the most long negotiation of my all sales.

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Amazing negotiation skills for those sales! Congrats
Your counter to $500 was the final price of $25000? and for the $100 it was the $20000 price?
I mean, did you stick to your price, or it was a higher counter at first?

Sutruk said:

Amazing negotiation skills for those sales! Congrats
Your counter to $500 was the final price of $25000? and for the $100 it was the $20000 price?
I mean, did you stick to your price, or it was a higher counter at first?

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for npay.com i countered $50000 then we started negotiation and agreed on 25000
for homelab i countered $35000 then we agreed in $20000

Riz M. said:

for npay.com i countered $50000 then we started negotiation and agreed on 25000
for homelab i countered $35000 then we agreed in $20000

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Thanks! Very good negotiation. It seems that buyers always try to reduce the price, so it makes sense to counter $50000 if you want a final price of $25000. Buyer is happy to have reduced the price, and seller too Congrats again