- Impact
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I was in the negotiation process of a domain name that the buyer had shown interest in.
I had outbound it with a tag of $249 and the buyer had said I'll pay $175. We agreed on that since I knew that if the buyer doesn't buy this today, I might end up not selling it at all.
So I took whatever their offer was. Then, the buyer said how to go about the transaction.
I explained how to make the payment via PayPal, then share the registrar email address and the domain will be pushed.
No response for the next 6 hours. It was morning in their time zone. So I dropped another email. No response for the next 12 hours.
Another mail about the payment or something. No response.
I waited for a day. No response yet.
So I said that I received another offer. I haven't opened dialogue yet. Awaiting your response before discussing it with the other party. Will wait for another 12 hours before responding to them and starting to negotiate.
I was bluffing. But it didn't work.
I guess the buyer put me on mute/spam for whatever reasons. Didn't receive any response from the buyer for another 7 days. I believe the deal is off.
Here are some of the things I could think of:
1) I emailed too often - 3 emails with a day and a half.
2) I emailed too quickly to their response (While they replied once in 2 days, I replied within 20 minutes). May have made me seem desperate.
3) I played the another offer card - May have pissed off the buyer that I am playing this buy it or leave it card.
4) You pay first - Many buyer feel uncomfortable about paying first. I think some of them may even think of this as a scam when you ask them to pay first.
I think the first 3 are the major faults of mine here. It showed that I am desperate. Never do that! Even after the deal. I think that's why people say, never accept the first offer (analogy). It makes the buyer seem like a fool. He isn't ready for that, by human nature.
Could you spot more errors here?
I had outbound it with a tag of $249 and the buyer had said I'll pay $175. We agreed on that since I knew that if the buyer doesn't buy this today, I might end up not selling it at all.
So I took whatever their offer was. Then, the buyer said how to go about the transaction.
I explained how to make the payment via PayPal, then share the registrar email address and the domain will be pushed.
No response for the next 6 hours. It was morning in their time zone. So I dropped another email. No response for the next 12 hours.
Another mail about the payment or something. No response.
I waited for a day. No response yet.
So I said that I received another offer. I haven't opened dialogue yet. Awaiting your response before discussing it with the other party. Will wait for another 12 hours before responding to them and starting to negotiate.
I was bluffing. But it didn't work.
I guess the buyer put me on mute/spam for whatever reasons. Didn't receive any response from the buyer for another 7 days. I believe the deal is off.
Here are some of the things I could think of:
1) I emailed too often - 3 emails with a day and a half.
2) I emailed too quickly to their response (While they replied once in 2 days, I replied within 20 minutes). May have made me seem desperate.
3) I played the another offer card - May have pissed off the buyer that I am playing this buy it or leave it card.
4) You pay first - Many buyer feel uncomfortable about paying first. I think some of them may even think of this as a scam when you ask them to pay first.
I think the first 3 are the major faults of mine here. It showed that I am desperate. Never do that! Even after the deal. I think that's why people say, never accept the first offer (analogy). It makes the buyer seem like a fool. He isn't ready for that, by human nature.
Could you spot more errors here?