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discuss Mock Negotiation - Let's negotiate here week #2

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Hi All,

After the first successful negotiation here (well successful in terms of people's reaction; some were mixed)
https://www.namepros.com/threads/mock-negotiation-lets-negotiate-here-week-1.1248230/

we have decided to bring to you another MOCK NEGOTIATION this week:

We know how tricky negotiations can be. It is a part and parcel of the domain name business. Even if we get the price for the domain name, that we were expecting, we feel like we left money on the table. And it happens time and again. So why not practice negotiation here:

Step 1: Members share the name which they would be willing to offer for sale
Step 2: I will be the buyer, the member whose domain is chosen becomes the seller
Step 3:
We appoint 1 member who doesn't belong to either party. Let's call him referee
Step 4:
Both buyer and seller share their minimum and maximum prices which they are willing to accept/offer respectively for the domain name
Step 5: We negotiate here on the thread with proper emails/texts. Everyone can view how you and I respond.
Step 6:
Buyer and seller can re-adjust their offer - buyer can increase the maximum that they are willing to offer, and seller can decrease the minimum that they are willing to take
Step 7: Either a deal is made or not
Step 8:
The appointed representative (referee) will share the buyer and seller minimum maximum
Step 9: We draw conclusions from the negotiation and the learnings

@Soofi is the potential REFEREE for this week if they agree!

Please share your names so that we can pick one and start the process. The negotiation should last 1 week or less. Let's do this. The shortlist will be done tomorrow if we have ample entries.
 
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Perfect.

Hi @kartikahuja

I am interested in buying VegasDrive.com. I can offer $250 for this domain name. Can you help me understand the process of how to go about this?
 
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Hey @abstractdomainer

Thanks for your email.

What are your plans with the domain?
 
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Hey @abstractdomainer

Thanks for your email.

What are your plans with the domain?
Hi Kartik,

I am planning to use it for the car rental services that we offer in that area and this seems to be one of the options I am looking at, apart from some others.
 
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Hey @abstractdomainer

That could be a nice home for the VegasDrive.com domain - what are the other options you got?
 
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Hey @abstractdomainer

That could be a nice home for the VegasDrive.com domain - what are the other options you got?
Hi Kartik,

Apologies for the late response. At this point, I may not be able to disclose the same.
So what have you decided about the domain name? Are you willing to sell it? Should we go ahead and close this?
 
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Okay, I'm in : AgeAndFitness.com
HotelTallahassee.com
 
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Okay, I'm in : AgeAndFitness.com
HotelTallahassee.com
Late for this one. Let's do it in the next week?
We already started negotiation on VegasDrive for this week. Let me put you in for next week.
 
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Hi Kartik,

Apologies for the late response. At this point, I may not be able to disclose the same.
So what have you decided about the domain name? Are you willing to sell it? Should we go ahead and close this?

Hi @abstractdomainer

Yes, I'm willing to sell it but at a right price.

I have received multiple offers on VegasDrive.com and all where above $3K.

After my research I feel this domain in usable in many cashflow positive industries and I would hold on to until I get the right buyer
 
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Hi @abstractdomainer

Yes, I'm willing to sell it but at a right price.

I have received multiple offers on VegasDrive.com and all where above $3K.

After my research I feel this domain in usable in many cashflow positive industries and I would hold on to until I get the right buyer
Hi Kartik,

As much I want to acquire this domain, $3,000 is a lot to ask for this. If you have rejected $3,000 offers, I am assuming your demand would be much higher, but I don't think we have the budget for this.
Can you share your expectation and the rationale behind it? I may have a discussion with the team and get back accordingly.
 
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Hi Kartik,

As much I want to acquire this domain, $3,000 is a lot to ask for this. If you have rejected $3,000 offers, I am assuming your demand would be much higher, but I don't think we have the budget for this.
Can you share your expectation and the rationale behind it? I may have a discussion with the team and get back accordingly.


As Vegas is a hot spot in USA mainly famous for gambling, driving, strip clubs, fancy hotels and food. People go there for a budget of at least $500/day per person

If they are into gambling they don't even go if they have less than $1000/day

^ these details where also shared by TripAdvisor 6 years back, right now it is much higher

Driving is the second most thing after gambling people spend money on.

Mainly exotic cars like Lamborghini huracan ks available for $698 for 10 laps.

Most people also like to rent these cars and then go to gambling parlours to enjoy

All in all, anyone who gets the domain would be easily be able to make their money back in 3-4 days and would be able uplift their branding drastically in no time
 
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As Vegas is a hot spot in USA mainly famous for gambling, driving, strip clubs, fancy hotels and food. People go there for a budget of at least $500/day per person

If they are into gambling they don't even go if they have less than $1000/day

^ these details where also shared by TripAdvisor 6 years back, right now it is much higher

Driving is the second most thing after gambling people spend money on.

Mainly exotic cars like Lamborghini huracan ks available for $698 for 10 laps.

Most people also like to rent these cars and then go to gambling parlours to enjoy

All in all, anyone who gets the domain would be easily be able to make their money back in 3-4 days and would be able uplift their branding drastically in no time
Hi Kartik,

All fair point! But why Vegas Drive provides that value which some other domain name may not, like VegasDriving or VegasCarRental, or something similar? The domain provides the delta value over other domain names, rather than the complete value isn't it?
This value may be true for any similar names, isn't it?
 
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Hi Kartik,

All fair point! But why Vegas Drive provides that value which some other domain name may not, like VegasDriving or VegasCarRental, or something similar? The domain provides the delta value over other domain names, rather than the complete value isn't it?
This value may be true for any similar names, isn't it?

Hi @abstractdomainer

I have a few points here:

1) What email ID would you prefer?
[email protected]?
Or [email protected]?
Or [email protected]?

^ see that vegas and drive look separated keywords even when all small

whereas vegas car rental is hard to read due to the hight of last letter and starting letter of each letter is same which makes is hard to read.

2) Usually brands pick root words for enhance better, notice the big brands follow a pattern with root words

You can have a look at this to understand more about the root words

In the above link, brand names that went big are:
- Taser, instead of tasering, tasered
- escalator, instead of moving stairs
- Velcro, instead of velros or velroed

Root words will always help you win in the branding.
 
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Hi @abstractdomainer

I have a few points here:

1) What email ID would you prefer?
[email protected]?
Or [email protected]?
Or [email protected]?

^ see that vegas and drive look separated keywords even when all small

whereas vegas car rental is hard to read due to the hight of last letter and starting letter of each letter is same which makes is hard to read.

2) Usually brands pick root words for enhance better, notice the big brands follow a pattern with root words

You can have a look at this to understand more about the root words

In the above link, brand names that went big are:
- Taser, instead of tasering, tasered
- escalator, instead of moving stairs
- Velcro, instead of velros or velroed

Root words will always help you win in the branding.
Hi Kartik,

Understood your point. What price are we looking at for this domain name?
 
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Hi Kartik,

That is a huge amount for this name. I was doing some research myself, plus my team pointed out some data from past sales for Vegas names here https://namebio.com/?s==gzN2QzMzQzM
and it looks like your request in on the higher side.

I am willing to offer $1500 or so for this name which, as per me, is a fair price for this name.
 
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Hi Kartik,

That is a huge amount for this name. I was doing some research myself, plus my team pointed out some data from past sales for Vegas names here https://namebio.com/?s==gzN2QzMzQzM
and it looks like your request in on the higher side.

I am willing to offer $1500 or so for this name which, as per me, is a fair price for this name.


Hey @abstractdomainer

I've been travelling right now, hence the delay in replies.

Namebio link that you shared only shows you public sales, not the private acquisitions.

I am currently in talks with a few people from vegas only who had shown interest in this name in the past and reached out to me with close to $3k offer

VegasDrive.com is available but for the right price only. The buyer would make the money back within a few days along with lifelong branding benefits
 
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Hey @abstractdomainer

I've been travelling right now, hence the delay in replies.

Namebio link that you shared only shows you public sales, not the private acquisitions.

I am currently in talks with a few people from vegas only who had shown interest in this name in the past and reached out to me with close to $3k offer

VegasDrive.com is available but for the right price only. The buyer would make the money back within a few days along with lifelong branding benefits
Thanks for your response Kartik. I am only referring to the data that is freely available for anyone to look into and I wouldn't know (for that matter anyone wouldn't know) private sales.

My maximum limit for this name is $2,200 which is the last price that I can offer for this name. If you choose to accept it, we can make a deal. If not, I wish you all the best with the name and the sale.
 
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Thanks for your response Kartik. I am only referring to the data that is freely available for anyone to look into and I wouldn't know (for that matter anyone wouldn't know) private sales.

My maximum limit for this name is $2,200 which is the last price that I can offer for this name. If you choose to accept it, we can make a deal. If not, I wish you all the best with the name and the sale.

Can you come a bit higher? I'll come a bit lower, we can meet in the middle

To sweeten the deal for you, I can throw in a 1 pager non - e-commerce website for you.

I run a marketing agency, so can give some of good value which will reduce your cost of business

You can check out my profile / reviews to know more about the quality and industry experience

LinkedIn profile link
 
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Can you come a bit higher? I'll come a bit lower, we can meet in the middle

To sweeten the deal for you, I can throw in a 1 pager non - e-commerce website for you.

I run a marketing agency, so can give some of good value which will reduce your cost of business

You can check out my profile / reviews to know more about the quality and industry experience

LinkedIn profile link
Smooth move
 
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Can you come a bit higher? I'll come a bit lower, we can meet in the middle

To sweeten the deal for you, I can throw in a 1 pager non - e-commerce website for you.

I run a marketing agency, so can give some of good value which will reduce your cost of business

You can check out my profile / reviews to know more about the quality and industry experience

LinkedIn profile link
Hi Kartik,

I am not sure I can move any further. My last offer would be $2500 and I won't be able to move any further from here.
If this works for you, we can make a deal. Else, this deal may not work me. I don't think 1-pager would do for me and hence, I'd pass on the offer but thanks for the same.
 
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Let's shake on that. You got yourself a deal. I'll lock it in for you for the next 24 hours.

What's your PayPal?

I'll share the invoice that will help you mark it as a business expense to save on taxes.
 
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