- Impact
- 2,682
I got an $500 for a domain hand reg yesterday ...looks like an offer from a person who runs a NGO, domain is a brandable TM free edu based...should I counter or accept..
What will u do?
What will u do?
Last edited:
There is nothing wrong with accepting the initial offer if it's within or above your expectations. Only you can tell. The initial offer may be the best and the last you'll get.
It depends on the domain really.
By only bumping up the price $200 you showed your cards. He knows by you doing this that you are only trying to get some extra money out of him. Sometimes they stick to their guns and only offer the $500 a second time. If they offer $500 again then they know all you can do is say no again and they have a 50/50 shot at that happening. They also know they can always bump up the price if you do say no again.I have had bad experience in accepting the first offer ...I counterd 700 , let's see what happens...if he really needs the name he would get back
By only bumping up the price $200 you showed your cards. He knows by you doing this that you are only trying to get some extra money out of him. Sometimes they stick to their guns and only offer the $500 a second time. If they offer $500 again then they know all you can do is say no again and they have a 50/50 shot at that happening. They also know they can always bump up the price if you do say no again.
If you countered at say $2,500 it shows that you think the domain is actually worth more money and not that you are just trying to get more money. I like to counter at a reasonable amount but make sure it is known that I am completely negotiable. At this point is where you give a nice sale pitch about how great the name is, stats etc.... They won't walk because I'm not firm on my price and it makes them think that the domain is actually worth more than their offer. Everyone likes when someone is willing to be flexible and not firm in pricing.
If you only want let's say $700 for the domain by countering at $2,500 and telling them that you are flexible in the pricing then chances are they will come back at a much higher number then you were willing to accept to begin with. They will always make a second offer if you say you are flexible. If you come back with some huge number then they think you're nuts but by coming back at a very reasonable $2,500 keeps them in the game.
I usually follow these numbers with $500, I had a few sales on Sedo where each negotiation went the same:
Them $500 offer
Me $3,500 Counter offer
Them $2,000.
Me Sold.
We have the same mentality hereI would counter $19500 if I know that the buyer is rich or big company