Dominion.Domains

Advice on outbound

Labeled as advice in General Domain Discussion started by mike2100, Jun 7, 2018.

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  1. mike2100

    mike2100 Established Member

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    Hi guys , the domain is 2 words .com ,(let's say MYdomain.com ) I got a response from one potential buyer , the owner of a hyphen domain with almost the same words as my domain (let's say : my-DN.com)

    -----
    *How much? We aren’t willing to pay a lot for it since we have had our current domain for years.
    Regards,

    I replied :
    -----------
    *Dear ,

    Thanks for your reply , I'm asking 1700$ for the domain

    How does that sound ?

    Thanks ,


    -------

    I would pay more than $500.
    ----------
    *Hi ,

    you mean you wouldn't ?

    please let me know your final offer


    Thanks

    -------------

    $250 is my final offer.

    ---------------------

    Thanks for your offer , However , it's too low for the domain ,

    I can take 1200$

    the domain is aged , simple , with no dashes or numbers ,

    you can take a look at similar sales , :
    -- - -- - - - -- - -

    ------------------------------------------------


    No thanks.... not interested at all.


    -----------------
    -then , after one day ,:

    Too much money – no thanks.

    Regards,

    --------------------------------------------------------------------------------------------

    what should i do in that case ??? why he wrote twice to tell that he's not interested ??????
    have I done anything wrong ?
    any advice on this ?





     
    Last edited: Jun 7, 2018
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  2. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    2 mistakes:

    1) to correct him
    it was obvious

    you'd better tell him
    you value the domain 6k plus
    but you will let it go for $1499

    2)
    giving in to fast and to much
     
  3. mike2100

    mike2100 Established Member

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    Thanks Frank ,
    do you think he's still interested ?what should i do now ?
     
  4. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    doesn't matter much
    most likely he will not reply
     
  5. urlurl

    urlurl Active Member VIP

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    if you reply if will likely go to $150

    only thing you can do is wait, with no response
     
  6. alcy

    alcy Active Member VIP

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    sounds to me your talking to two diff people
    even if same email

    either way.. sounds to me like you won't get more than $250.. so if youu feel its enough roi.. go for it.. all depends on name

    gl
     
  7. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    if you tell him $250 or $150 USD

    doesn't matter to him
    he will stay silent

    all you gain is you lose him
     
  8. mike2100

    mike2100 Established Member

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    I guess so , because one reply is sent from a mobile device , and the other with a different color and the official signature
     
  9. BaileyUK

    BaileyUK Established Member

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    You've stated the domain is similar but Not the same to his hyphenated domain. So I agree your not likely to hear from him again. It probably wasn't a domain that was on his wish-list in the first place. You've probably, with your outbound, just stoked a momentary interest and an impulsive response.

    Most non-domainers don't like to play the back and forth negotiating game. If you thought that $500 mention would've made a reasonably good sale, then the potential buyer probably thought the same.

    When you don't accept a reasonable offer (response, from outbound). Non-domainers get to pass the offer/suggestion by associates/friends etc and before you know it everyone in the neighbourhood is having an input in their thought process.

    I'd let this one wait for now. , your gonna sound desperate if you make another follow-up
     
    Last edited: Jun 7, 2018
  10. mike2100

    mike2100 Established Member

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    I would take the 500 because I need cash :) , but let's wait and see how it goes
     
  11. Satyajit Adhikary

    Satyajit Adhikary Established Member

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    You sounded desperate..!!
     
  12. Eric Lyon

    Eric Lyon Member Services, NamePros Member Services PRO Gold Account VIP Trusted Contest Holder

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    1. When you corrected their spelling, it offended them and they lashed out by sending half what they previously offered.
    2. Their second message is an indication that they are still thinking about the domain and waiting for you to come back in between $250 and $500 for a quick sale.
    3. There is a 50/50 chance you will lose them if you counter higher than $500.
    4. You can stick to your guns and toss out a flat $1,000 and say something like: I can completely understand your sticker shock and I apologize if I have offended you in any way. It looks like you are at $500 and I was really wanting $1700. I've been paying renewal fees and other related costs on this domain for xx amount of years. We both know it can benefit you more than I so let's both feel like we made a good deal today and meet at $1,000 even.
    This is where you lay your cards on the table and call their bluff. You have a 50/50 shot at selling/losing the deal if you stick to your guns, so be sure you're ready to take the risk.

    Good luck,
     
  13. mike2100

    mike2100 Established Member

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    Thanks for your advice ,
    I also think that they're still interested , the email was opened twice today , with total of 17 times
     
  14. mike2100

    mike2100 Established Member

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    do you guys think this is the problem : ??


     
    Last edited: Jun 8, 2018
  15. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    if you sound desperate
    they will pay you less or nothing at all

    as they think you want to get rid of the name
    means: the name is worthless

    thats why you might not hear from them again
     
  16. mike2100

    mike2100 Established Member

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    do you think that , I sounded desperate , when I asked "how does that sound " ?
    ???
     
  17. IMEZI

    IMEZI Active Member VIP

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    if your domain is keyword domain how bout trying to find the competitor first, at least you could play hide and seek between the first and the second (competitor) perhaps it could leverage your price.
     
  18. mike2100

    mike2100 Established Member

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    I tried , but this is the only reply I got
     
  19. MediaCode

    MediaCode Established Member

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    NEXT TIME:

    Eliminate negotiations from the process. Buyers hate it. Especially small business owner types who do not know that domain names cost more than $20.

    Eliminate the buyer having to ask "How much"? Let them find the price on their own, naturally.

    From there, they can decide for themselves if they want to buy the domain name or not. They can determine on their own if they have the funds available to afford the price you are asking.

    NOT HAVING TO TALK TO YOU AT ALL IF THEY DO NOT WANT TO is critical to success here.

    Here's how:

    1. Set up a Buy-It-Now landing page and put up the BIN price you want for your name. We use Uniregistry Market landing pages. You could use Efty.com pages and save yourself 10% commission.

    2. Send out an email to each targeted buyer that you have researched in advance as a very strong, likely buyer who would have obvious interest in owning this particular domain name. Don't bother anybody else with your domain name -- why waste their time and yours on communications about a domain name where the interest isn't obvious? If obvious buyers don't buy the domain name from you, your domain name is not as good as you think it is and move on.

    In the email say:

    "Hi ___,

    We have decided to put our domain name, Example.com, up for sale. We believe you would value owning it for the growth of your business. For more information, visit http://www.Example.com.

    Thank you for your time and consideration.

    Kind regards,

    Your Name
    Your Company
    Your Contact Information"


    3. If they want it at that price, they will serve themselves via the BIN landing page. Be a reasonable seller and choose a low enough BIN price that a reasonable business owner would view the price as reasonable. It is typically best to use a BIN price below $5,000 so that the buyer can simply use a credit card to complete the purchase. Having to worry about a wire transfer will slow things down and potentially summon a loss of interest over time. Enable them to strike while their desire is hot by ensuring they can use a credit card to complete the transaction.

    4. If they want to negotiate, they will email you. Be reluctant to come off of your BIN price. In our case, we do not accept any offers below 67% of our BIN price. We'd rather hold the domain name for several years more to wait for a better buyer than to sell for less today.

    ---

    All the above said, we generally do not waste time doing outbound. We're too busy. And, it has not been very productive for us over the years.

    What has worked best for us is using BIN landing pages with good BIN prices and then doing nothing but waiting for the buyers to find the landing pages themselves on their own initiative. They are far more likely to pay your BIN price when they themselves have gone on a quest to type in the domain name into their browsers due to their own organic desire or need to own the domain name.

    When you use outbound, you are interrupting their daily lives when they are not even thinking about the domain name at all and have exhibited no desire in owning it. Then, there you are -- some stranger in their email inbox -- flogging the name and a price at them, asking them to negotiate to buy it. That's a pretty unattractive buying experience for anyone (imagine someone doing that to you with their used 2011 Ford Fiesta for $19,500 and you'll understand how it feels for a domain name buyer). It's also a very weak negotiating position. It looks and feels desperate. You are highly unlikely to get anywhere near your desired price when you are a desperate seller.

    If you truly are desperate for money, you should not be doing domain name speculation in the first place. It's a slow money game, not a fast money game -- at least at higher price points. Yes, you can pay $10 for names and sell them for $299 or $399, week in, week out but that's better selling in domain name marketplaces with low BIN prices.
     
    Last edited: Jun 8, 2018
  20. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    no

    but the overall impression is a

    advice on outbound:

    don't do outbound

    come on ....


    2) why do you use unireg for sales lander and waste 30% commission
    on the worst marketplace on earth?
    having the worst domain negotiators you could think of?????
     

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