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After over almost 2 decades in this industry, at times, I still fail to understand the endusers/buyers during negotiations and lose quite a few sales to the counter-strategy.
My question at hand is; Should we really counter to an opening offer or accept as it? What do most of you do?
So to build this discussion up and see what others have to say or suggest about this, recap on why I am interested to know what most of you do is because of this below mentioned situation/story:
My question at hand is; Should we really counter to an opening offer or accept as it? What do most of you do?
So to build this discussion up and see what others have to say or suggest about this, recap on why I am interested to know what most of you do is because of this below mentioned situation/story:
Sold: FullertonLawFirm,com
Sale Price: $520
Venue: DAN
Listing type: Make Offer with Buy Now Price.
Sale type: Inbound
Registered for $5.49 at Epik from the daily drops list I prepare. Domain was held for 14 days.
Accepted an opening offer of $520 which came in this midnight/early morning (IST) via Dan where it was listed as make offer (minimum $500 which is my extreme lowest and minimum acceptable price) with buy now price of $1488.
I woke up a few moments ago, looked at the offer and sat thinking should I counter or accept this opening offer on a 2 week old domain name? You must be wondering why in the world was I thinking and should have countered for-sure since its an opening offer and my quick research also suggested the same, that it seems like a serious and genuine buyer who is operating on a+mydomain.com so he/she would be happy to have my asset for negotiated high $xxx to low $1xxx price point.
But let me share with you why I didn't counter, and I will literally think dozens of times before countering in the near future as well, at least to my daily drops hand-registered domain names, especially on DAN platform. This is because I have lost over 8 potential sales of similar names to a counter-strategy last month where buyer lost interest or disappeared. And guess what, my countered price was only mere $xxx price higher than their initial offer in most cases.
Oh and I think this is quite a fair price for 3 keyword domain name. Though I suck at negotiations, thoughts and suggestions here or through pm are genuinely welcome.