NameSilo

Accepted minimum offer for name from multi billion dollar company

Labeled as discuss in Domain Selling and Domain Sales started by MrAcidic, Apr 9, 2019.

Replies:
70
Views:
3,283

  1. elmoney

    elmoney Top Member VIP

    Posts:
    2,070
    Likes Received:
    2,497
    I received an offer $300 from one company with Market Cap $50B, i rejected it, their second offer was $500, they wrote that have limited budget and they can not to pay above $500. Domain was three letters .co
     
    Last edited: Apr 10, 2019
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    I suppose you don't build up a successful company by spending money just for the sake of it, though some do...

    What happened in the end? Did you sell it to them eventually, still have it or sold it elsewhere?
     
  3. elmoney

    elmoney Top Member VIP

    Posts:
    2,070
    Likes Received:
    2,497
    I have set Bin $20K for them without any negotiation.
     
  4. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    Nice...
     
  5. shah fahad

    shah fahad Established Member

    Posts:
    88
    Likes Received:
    16
    How you track his IP>?
     
  6. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    Undeveloped Dashboard - Sales activity - click message - top right of message should show flag - hover over it and check the ip address - then google and research
     
  7. mAd MaX

    mAd MaX Established Member

    Posts:
    414
    Likes Received:
    485
    That's my man 👏
     
  8. xynames

    xynames XYNames.com PRO VIP

    Posts:
    3,611
    Likes Received:
    6,511
    It's a good thread. When I receive a Price Request such as say from Afternic, or an inquiry on a domain, or any offer, I don't respond right away if I am in a hurry to go someplace, and don't have time to do the complete research (Google the name, check comparable closed sales, check similar domains that are for sale). I go wherever I am going, and ponder the domain and price for a while, and only after I've had time to do the complete research do I respond.

    Even if I have time to do the full research, if the research creates some uncertainty as to exactly what the domain might be worth, still I might wait and ponder on the domain for a little time, or seek a second opinion from one of my trusted domain seller colleagues.
     
    Last edited: Apr 10, 2019
  9. alcy

    alcy Top Member VIP

    Posts:
    16,184
    Likes Received:
    25,183
    true.. you don't.

    but 50billion company not wanting to spend $500 on a domain name (Whcih is kinda important)... is just being cheap. :)
     
  10. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    Very good process to have in place.....thanks
     
  11. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    cheap? It is a piss take, no wonder he set a 20k minimum bid :xf.wink:
     
  12. EbookLover

    EbookLover Top Member VIP ★★★★★★★★★★

    Posts:
    2,435
    Likes Received:
    928
    I was wondering the same thing. Does undeveloped give sellers IP addresses of people who make offers?
     
  13. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    see my post above......well a few above
     
  14. EbookLover

    EbookLover Top Member VIP ★★★★★★★★★★

    Posts:
    2,435
    Likes Received:
    928

    Ooops. Sorry. I totally missed that. I'm surprised UD do that.
     
  15. fastcool

    fastcool Established Member ★★★★★★★★★★

    Posts:
    231
    Likes Received:
    76
    so is it the buyer already paying already the transaction completed?
     
  16. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    It looks like he has decided to bottle it........into the 3rd day now and I will be asking Undeveloped to cancel tomorrow.

    I have had this numerous times on Undeveloped, both with BIN's and make offers..

    At least there has been some good posts in this thread and some lessons learned
     
  17. MapleDots

    MapleDots Domain Properties 2002 - 2019 VIP

    Posts:
    5,380
    Likes Received:
    11,186
    Having run a big corporation I will just have you consider one equation that you are not taking into consideration......

    Corporations have meetings to discuss upcoming product launches or ideas.
    There are always multiple ideas on the table at any given time.

    In my company it would have gone like this....

    - We are launching a new product "A" lets do a study to see how to best market it and under what name.

    - Eventually 5-10 finalists come to the foreground.

    - Which name do we pick?

    - Lets see what matching domains we can pick up.

    - Round Two, lets narrow down the names to top 3.

    - Lets negotiate on the domain to see expense

    - Last.... pick domain and finalize the sale.

    - Domainer gives me the run around....

    - Pick domain choice number 2

    Yes there are times when the corporation has already picked the name before negotiation starts on the domain but that is getting rarer and rarer now. In today's timea lot corporations pick the product or business name after they procure the desired domain name.

    Of course there are countless variations to this but I thought I would give you another point of view.
     
    Last edited: Apr 11, 2019
  18. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    Thanks for the insight, appreciate it.
     
  19. rh2000

    rh2000 Established Member

    Posts:
    358
    Likes Received:
    574
    Let us know what happens.
     
  20. rh2000

    rh2000 Established Member

    Posts:
    358
    Likes Received:
    574
    You can sell it for more money next time.
     
  21. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    Very true
     
  22. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

    Posts:
    7,296
    Likes Received:
    9,089

    you can cancel anytime at UD
     
  23. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

    Posts:
    2,067
    Likes Received:
    3,697
    Thanks Frank, useful info
     
  24. xynames

    xynames XYNames.com PRO VIP

    Posts:
    3,611
    Likes Received:
    6,511
    We always talk about situations where we declined to sell a domain and we still have it - but I had a domain end of 2017 where a potential buyer kept arguing that it was worth only mid three figures and I kept asking for low to mid four figures and even offered it to him for a certain price in that four figure figure range and he declined. I backed up my asking price with both sold and for sale comparables.

    Recently sold it anonymously for even more than the price I had offered it to the end of 2017 guy. I emailed 2017 guy asking if he was the buyer and he said no.
     
  25. topdom

    topdom Established Member

    Posts:
    584
    Likes Received:
    367
    Can this be the case:

    The company decides to buy a name.
    Someone from the company is given the job of getting the domain below a given price.
    So they say: Pay at most 10K and get this domain.
    Then he visits marketplaces and offers low 3 figures.
    Once he gets the domain, he says to his company he paid 10K.

    Recently I get very low offers for the same domain from different countries or marketplaces and almost simultaneously.
    It can be the case that different people from the company who attended the domain meeting independently try to scam their companies by getting the domain first. People said in other threads, they don't care if there is a middleman. But of course I care. Because it might mean, I don't get what I'm really offered, and instead get just 1 percent of it. And since I may think there are no other buyers, I may sell. Getting the IP must be a must, but marketplaces don' show it, maybe because they play the same game sometimes.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...