Advice on an "open" offer

[notlikeyou]

So I've received an offer on one of my domains, the email came through the parked page & the offer was "open." I've taken notes out of Spades' "Why you should explore every Inquiry / Offer" & found some info on the prospective buyer. It looks as if the name will be used as a showcase for his hobby. Any advice on a response to an "open" offer, I'd like not to shoot for the moon & discourage the guy away from the sale.

Thanks in advance for any suggestions.

 

[DotWeekly]

Without knowing the domain, it's hard to give a ton of advice.

Small industry/Large industry will determine price.

Check NameBio.com for sales with the Keyword and determine if your domain is "Better" then the one sold for that price.

Could another domain be purchased that is "close" or would work as well. Other extensions available?

All these will make a difference in price.

I always try and trust my gut and pick a number that I would be happy with no matter what.

$4,800 always seems to work for BuyDomains

 

[notlikeyou]

Thanks Jamie

It's cincy photo dot com. Like I said it seems to be just a regular guy looking to have a place to show off his hobby. Obviously we're not taking a blockbuster name or sale here, other extensions are open. I grabbed this from TDNAM a few months ago as it was regged in 2002 & (part of a photography site). I was looking for some possible traffic, yet it gets very little (couple a day). I guess the biggest question is what would joe-schmoe off the street think was an outrageous amount?

 

[copper]

It's not a bad domain, but, with s would of been better.
Bottom line: Will you be happy with $ when buyer accept your asking price?

Rule #1: Never register/buy name that you don't want to develop.
Rule #2: in any negotiation, whoever mention # first will lose
Rule #3: Know thy buyer!
Rule #4: Always be courteous
Rule #5: Never let thy buyer know you are anxious to sell

Simple "send me your best offer" may do

Good luck :D

 

[Spade]

Rule #2: in any negotiation, whoever mention # first will lose

Copper's pretty much right. You never want to be the first to make an offering price, it puts you at a disadvantage. In this particular case, I would let the buyer know that although the domain is for sale for $750, your welcome to make a reasonable counter offer. This will often times net you a few hundred dollar offer.

However, again, considering this is a solo guy, showcasing his own stuff. You may want to consider the sale in the $75 - 250 range - Would you be fine with this amount? If so... Ask for the top dollar. Just use your gut on this buyer, its like playing poker.

Justin

 

[notlikeyou]

Just use your gut on this buyer, its like playing poker.
Justin

Funny you should mention this, in my research it turns out he's quite fond of the game.


Thanks to all for the advice rep given (where able)

 

[SharonTucci]

I have a pretty large portfolio so I get a lot of end user/hobbyist offers. I find most of them don't have an issue in the 100-400 range. 500 sometimes.

I am greedy when it comes to people with deep pockets but for people that have a genuine interest in developing a domain for a hobby or personal pursuit, I am less so. I'd rather take a nice little profit and reinvest than hold onto it for what may never come.

What I've been doing lately with people like this is giving 2 prices - one a BIN and the other a price I'll start an auction @ sedo with. I get an equal split between the 3. In almost every case where I put the domain on auction, it ended up going a little higher.

FWIW, I am referring to brandable domains and 2-4 word ones here rather than ones that are considered 'commodities' in the industry or revenue ones.