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nauticalandy88

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Hi guys just need some advice.. I have had an email from a domain broker explaining a customer wants to purchase my domain, what's the lowest price am I looking for etc, I told them rough figures, and now there coming back with a price lower then I requested High $xxx should I just accept the price or can you hold out for more what are the odds they will up there bid without losing the sale,
 
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If you're well-off, it would be wiser to renegotiate the price since it looks like the customer is quite interested in your domain IMHO. However, if in dire need of cash, I would accept the price being offered. It's good while the food is hot. There are cases wherein a buyer backs out and changes his mind.
 
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Note that usually - not always, but usually - if someone has hired a domain broker, that client has a healthy budget for the domain, because they have to pay for domain and broker fees both... if their budget is tiny the client would generally spend a half day and learn a few things about buying a domain themselves. Like I say, not always the case but a good measuring point. However until and unless you know who the buyer is, you don't know if 'healthy budget' means $1K or $50K.

Second, the broker's job is to buy the domain as cheaply as possible for their client, so they're going to offer you as low as they think they can get away with. As you'll read on this forum, it's not unusual for brokers to start with a 50 or 100$ offer, and end up paying xxx or x,xxx or higher.

But you're asking us to give advice blindly. Many factors come into play. Primarily, the domain name itself (can PM it to me if you like) is the biggest factor; also finding a few details about who the real buyer is; also whether the domain broker is a private practice chump like me, or is a broker in a large firm like Sedo; lot of variables in there and we can only give you some vague hints until you give us any specifics.

Whichever way you decide, good luck with the negotiation :)
 
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BUT.............. BUT......remember this critical point--> if the broker now mentions the need for an appraisal........... its probably a scam....
 
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I suggest quoting at first in the higher range.

I have had a broker contact me a couple of times. What they generally do if you submit a higher price for the domain is not contact you back for a few days to increase your anxiety about losing the sale, which in turn makes you feel inclined to accept their next counter-offer. I am always quite firm in situations like this and ask for a higher price than I normally would. In one case, it was a large company trying to get my domain. Of course I didn't know it until they had the domain. They offered something low like $75. I came back almost instantly with $2000. After about 2 weeks and some back and forth negotiation I got around $1500 for it. The domain wasn't so great so I was very happy to get that out of it, but actually I probably could have got even more. You just never know. Go high and wait for a counter-offer.

Also, do your research and try to find out what broker they are using and find out their fees and how much the potential buyer will be losing if the sale doesn't happen. Almost always they are 100% determined to obtain the name if they have contacted a broker. They also may be contacting a broker to remain anonymous to keep the price low. Don't be fooled. Just be confident and act like an expert. :)
 
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'broker' might be the guy's brother in law. Try looking the broker up
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I'd stick with your quoted price. If you quoted high $$$, and the broker came back with low $$$. The broker's only doing their job. Stick to your guns. Tell the broker that's your final price. Most people paying a broker can afford high $$$ for a domain.
 
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If you now think your opening offer was a bit low, you can't really raise it at this point. You can, however, hold firm, say you're not going any lower, and offer a one week deadline.
But a lot of it depends on how badly you need the money, how often that domain gets offers, and much more that nobody here can tell you about.
If you offered, say $2000, and the counter was high XXX, I'd be surprised if they aren't willing to cover the difference (considering they are using a broker). Then again, it depends on who the broker is....
 
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I would have gone at least low x,xxx to start. if they are using a broker or service like that they usually have a few bucks to spend. why would a buyer (or even a broker) go through so much hassle if their budget was low xxx. stick with your price and have no regrets
 
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Hi there thank-you for all your helpful replays I really do appreciate, The Broker Company who have contacted me is a very legit company I can sniff out a scam a mile away but this is defo the real deal, I have had loads of fake emails where they end up asking for an appraisal to which I have always told them pay for one themselfs, but Mr wells we must have you complete the appraisal, and you must use this website that I own... Yer right, anyway I am not in need of the cash that quick, after more research I believe the domain is worth a huge amount... only trouble is he has now met my demand for the price at $1,000.. but I feel I have massively undervalued it... am I stuck now or can dig myself out the hole? and if so what excuse could I make... I'm prepared to risk losing the sale as I Believe the company interested really do want this domain due to the nature of it for example there are no domains slimier you could purchase for there company my one would be the top of the pile.

Kindest regards and I look forward to hearing your reply's :cy:
 
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Hi there thank-you for all your helpful replays I really do appreciate, The Broker Company who have contacted me is a very legit company I can sniff out a scam a mile away but this is defo the real deal, I have had loads of fake emails where they end up asking for an appraisal to which I have always told them pay for one themselfs, but Mr wells we must have you complete the appraisal, and you must use this website that I own... Yer right, anyway I am not in need of the cash that quick, after more research I believe the domain is worth a huge amount... only trouble is he has now met my demand for the price at $1,000.. but I feel I have massively undervalued it... am I stuck now or can dig myself out the hole? and if so what excuse could I make... I'm prepared to risk losing the sale as I Believe the company interested really do want this domain due to the nature of it for example there are no domains slimier you could purchase for there company my one would be the top of the pile.

Kindest regards and I look forward to hearing your reply's :cy:

...while tempting to renege on your price, your word is your bond. Break your word generally shows the true character of the person. Some place money above that, some find honor priceless.

The choice is yours...
 
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OP has PM'd me the domain and the broker and I'll tell you what I can without betraying any confidence. It's all legit. It is a well known industry broker who cannot tell him any details about their client so all research must be done from this end, using educated guesses.

However I am 95% certain I've found who the buyer is; I checked registration and the dot.net of OP's dot.com was regged a day or two before OP received his offer, and the dot.net was regged by a company who would have a very definite interest in the dot.com. This often happens, and has happened a couple times at least to me in the past, where other extensions of one of my domains will suddenly be regged in one day, then soon after I will receive an offer on my dot.com.

OP has a good domain but it is an exact match keyword. It is not the buyer's main interest (they are a solid brand) but domain could be for a side-product launch or a marketing strategy. As an example, I could say it was Vans making an offer on DeodorantInsoles.com, ha ha. Vans is the brand, shoes are their main thing, and deodorant insoles would be some kind of side-product launch or marketing ploy, whatever. The buyer I think is OP's buyer is a solid brand, but not a huge company, their brand is well-established for one product forever, and OP's domain/product is definitely an interest to them but still a side product. Nothing to do with shoes, ha.

I appraised it at a reseller value of in $50 range, as these quality EMK's are dropping every day now since google's fartbombing of EMK's and minisites etc, and an end user value of $300++. I told him that based on my research, if this is indeed the company making the offer, I'd be very happy to receive anywhere between $800 - 1.5K. Also suggested he stick to whatever his counter offer was, in terms of keeping himself an ethical business person (just found out it was $1K).

Told him 1K is a very good price and nothing to be worried about accepting. He has to go with his own wisdom, experience, ethics, but my gut tells me this company would probably not pay more, or much more, than 1K, since it is a side-product and not their main interest. However that is only my educated guess and hindsight is 20/20; perhaps in the future we'll see that they might have paid 10K. This is the constant guess and dilemma of the domainer who has to 'sell a domain blind'.

But I guess all that is moot; they have met his asking price of 1K; all that remains to be seen is whether OP sticks to his word, and buyer pays... or if OP gives in to that attack of sentimental greed we sometimes get when we accept a price and then think 'Oh my God what was I thinking this domain must actually be worth 5 times that price there's no way I'm going to honor that deal because I can get much more later....' etc etc.

Curious to see how this one pans out :)
 
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I have had an email from a domain broker explaining a customer wants to purchase my domain, what's the lowest price am I looking for etc,

:talk:


Hi

it's another lowballing domainer


anytime I get an email and it starts off with "what the lowest", then I just reply that I don't negotiate with lowballers. period!


best ask them to make an offer, when they contact you first.

imo...
 
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If they met your price it's only right to accept the offer. I don't think it's right to push your asking price up at this point. You should've started high so you could have room to negotiate. If it were me, I'd stick to my word and accept their offer.


Hi there thank-you for all your helpful replays I really do appreciate, The Broker Company who have contacted me is a very legit company I can sniff out a scam a mile away but this is defo the real deal, I have had loads of fake emails where they end up asking for an appraisal to which I have always told them pay for one themselfs, but Mr wells we must have you complete the appraisal, and you must use this website that I own... Yer right, anyway I am not in need of the cash that quick, after more research I believe the domain is worth a huge amount... only trouble is he has now met my demand for the price at $1,000.. but I feel I have massively undervalued it... am I stuck now or can dig myself out the hole? and if so what excuse could I make... I'm prepared to risk losing the sale as I Believe the company interested really do want this domain due to the nature of it for example there are no domains slimier you could purchase for there company my one would be the top of the pile.

Kindest regards and I look forward to hearing your reply's :cy:
 
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you may still negotiate for a win-win situation, after all he likes your domain, he will do everything for it. IMHO.

Hi guys just need some advice.. I have had an email from a domain broker explaining a customer wants to purchase my domain, what's the lowest price am I looking for etc, I told them rough figures, and now there coming back with a price lower then I requested High $xxx should I just accept the price or can you hold out for more what are the odds they will up there bid without losing the sale,
 
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Hi there thank-you for all your helpful replays I really do appreciate, The Broker Company who have contacted me is a very legit company I can sniff out a scam a mile away but this is defo the real deal, I have had loads of fake emails where they end up asking for an appraisal to which I have always told them pay for one themselfs, but Mr wells we must have you complete the appraisal, and you must use this website that I own... Yer right, anyway I am not in need of the cash that quick, after more research I believe the domain is worth a huge amount... only trouble is he has now met my demand for the price at $1,000.. but I feel I have massively undervalued it... am I stuck now or can dig myself out the hole? and if so what excuse could I make... I'm prepared to risk losing the sale as I Believe the company interested really do want this domain due to the nature of it for example there are no domains slimier you could purchase for there company my one would be the top of the pile.

Kindest regards and I look forward to hearing your reply's :cy:

So why sell it then if u dont need the $??

just tell them after reviewing the issue again that u undervalued the domain and u changed your mind to sell it at that price, period.

if they want it bad enough they will ask what the higher price is

whats the deal? dont feel obligated to sell it cause u feel its fair, its your domain and your profit!

:p
 
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We quite regularly get the "I committed to sell a domain for ---but now I want more" threads.

Putting all the ethics aside, Its probably best to say something like "Your inquiry got me thinking about this domain and I am thinking I am better off keeping it."

Its much less offending to change your mind about selling it then to jack up the price.

Jacking up the price on them after meeting your price can easily turn into a 'screw you' situation.

But just saying you think you want to keep it can turn into a bump in the offer.


Be carefully of turning down the only party that wants your domain though!
pn3.gif
 
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... only trouble is he has now met my demand for the price at $1,000.. but I feel I have massively undervalued it... am I stuck now or can dig myself out the hole? and if so what excuse could I make...
If you told them $1,000 and they said ok, then stick with your word. If you said $1,000, but price subject to change then fine. That would be two different scenarios.
If you didn't put in that clause, then WAKE UP!
 
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We quite regularly get the "I committed to sell a domain for ---but now I want more" threads.

Putting all the ethics aside, Its probably best to say something like "Your inquiry got me thinking about this domain and I am thinking I am better off keeping it."

Its much less offending to change your mind about selling it then to jack up the price.

Jacking up the price on them after meeting your price can easily turn into a 'screw you' situation.

But just saying you think you want to keep it cant turn into a bump in the offer.


Be carefully of turning down the only party that wants your domain though!
pn3.gif


This is great advice.

In the future, try to find out more about the buyer before setting a price. The bigger the wallet, the higher the asking price.

Also I would stay away from offering a range. When someone tells me they are selling something for $500 to $1,000, well to me that means $500.

Best of luck
 
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We quite regularly get the "I committed to sell a domain for ---but now I want more" threads.

Putting all the ethics aside, Its probably best to say something like "Your inquiry got me thinking about this domain and I am thinking I am better off keeping it."

Its much less offending to change your mind about selling it then to jack up the price.

Jacking up the price on them after meeting your price can easily turn into a 'screw you' situation.

But just saying you think you want to keep it cant turn into a bump in the offer.


Be carefully of turning down the only party that wants your domain though!
pn3.gif

offending?
man alive its business people not a social!!
big deal if some wanker gets offended! atypical trendy californian reply!

grow some balls and stand your ground. its yours, u can change your mind anytime and u dont need to be concerned about offending anyone.

:zzz::notme::bah:
 
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