NameSilo

Are your buyers really making offers ?

Labeled as discuss in General Domain Discussion, started by Asfas1000, Jun 30, 2017

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  1. Asfas1000

    Asfas1000 Top Contributor VIP

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    I am wondering what is your experience with your domains with a Make-Offer option ? Either at Sedo, Afternic etc or your own lander.

    Because, in my experience, very few people will actually make an offer and most will just inquire about the price.

    So I am very interested to know if people are actually making offers or maybe they see this offer model as scam / unethical / whatever (products or items should have a price tag, right ?)
     
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  2. Sanwal

    Sanwal Sanwal Memon VIP

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    The same,

    Uniregistry needs to have a better system to get an offer rather than just inquire. (Have all of them as make an offer/BIN)
    Screen Shot 2017-06-30 at 23.48.32.png
     
    Last edited: Jun 30, 2017
  3. Asfas1000

    Asfas1000 Top Contributor VIP

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    Cool names there buddy :)

    Personally I haven't ever tried demanding that a buyer make an offer, I think this might turn a few people off and I'd better know if anyone is interested at all.
     
  4. Sanwal

    Sanwal Sanwal Memon VIP

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    All have been assigned to a broker automatically, but when i set my domains as BIN or Make an offer, i expect an offer not just an inquiry. It just goes to show these so called inquirers are time wasters..
     
  5. SpareDomains

    SpareDomains Jay VIP ★★★★★★★★★★

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    I use my own sales pages. All of mine get offers but that's cause my form forces them to fill in that field or it doesn't send. Name, email, phone, offer, ip address all included. Would think more would try to hide who they are but 99% of the offers in 14 years of doing this give me their real info across the board so usually don't have to do much investigating.
     
  6. Asfas1000

    Asfas1000 Top Contributor VIP

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    Have you by any chance tracked how many more inquiries you get when you allow them to inquire without an offer ?

    Now, whether this would be beneficial depends on the domain quality , I guess. With low-medium domain quality and only a few potential buyers, I can't afford to lose any leads :)

    On a similar note, I noticed that I am getting more email inquiries (via WHOIS) in 2017 , buyers simply skip the landing page, and they are using fake names too.
     
  7. tomcarl

    tomcarl Top Contributor VIP ★★★★★★★★★★

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    If you were looking to buy a house for your family, and you saw "For Sale" signs on 2 houses, each house across the street from each other...

    You called one owner inquiring about the house and the asking the price, they respond by asking for your Name, Phone Number, address etc then asked you to make an offer for them to consider, they will get back to you after they look up your information.

    The second house across the street had the price already listed and it was within your budget and just as good as the first house, which one would you buy?

    There are 2 types of buyers, buyers who need your name because they've already settled on it, and buyers who will Choose your name from dozens or hundreds of relevant options.

    If you're relying on selling your domain names only to people who need them, then you're going to have very little action happening (although sometimes it can pay off)

    A BIN price is making your domain an option and are giving people in the world the opportunity to make a fast, easy decision.

    Consider your liquid domains "mansions" with special perks, they come with massive swimming pools, jacuzzi, etc, you've got the best Domain or the Best House on the Block.

    It that case, then you can sit around and wait for your well-off guy who appreciates that mansion and is ready to pay-up for it, in the mean time you'll have a lot of Flippers who will lowball you while you wait.
     
  8. Asfas1000

    Asfas1000 Top Contributor VIP

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    Very well said !
     
  9. 1Darko

    1Darko Top Contributor VIP

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    I mainly use Bodis landers. Usually it starts with an $100 offer from potencial buyers. The majority are tyre kickers. BIN option is less stressful for both parties, imo:xf.smile:
     
  10. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    people will make offers, either initially or after they inquired if the name was for sale.

    it's the amounts offered, that make the sale happen or break off negotiations


    imo...
     
  11. SpareDomains

    SpareDomains Jay VIP ★★★★★★★★★★

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    I've forced the offer field the majority of the time as if the lead comes in without an offer that will be the first thing discussed anyway so saves time getting an initial offer along with name, email, phone, ip address as negotiations begin on my end with an offer being made over "how much?". High end names I set minimum offers as well as time is money so talking to people with $100 max offers when your minimum is 10k+ isn't very productive. I usually set the minimum offer somewhere in between 25-50% of the actual sales price. If I'm flexible on a price 25%, if I'm solid on a price I'll set the minimum at 50% so any offer I receive is at minimum half way there already.

    I initially thought when I got into my own sales pages many years ago that I would receive 90% anonymous info but damn near all of the offers I receive have first/last name, email, phone, ip address and very few hide who they are and use business emails, business phone numbers etc... so I know who I'm talking to.

    Most of my offers come from the domain sales page and I really don't get any whois offers. Can't even remember the last whois offer I received. Whois email usually more of spam service offers, web design, web hosting etc... which get blacklisted from my servers rather quickly. Think this is due to me not really ever promoting domains to domainers or in forums so 99% of the leads I receive are from end user businesses. Most whois offers would be domainers as most end users wouldn't even know how to look up whois.

    I'll buy domains at forums but not really looking to sell there as I'm always looking for end user money.
     
    Last edited: Jul 1, 2017
  12. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Most doesn't make. Recently I removed minimum offer to enter and wants the buyer to at least come and inquire about the domain. Rarely there is any offer attached with initial inquiry but most of the time it's just with message or just nothing with only contact details coming in.

    I agree with @Asfas1000 for getting more number of direct inquiries through WHOIS than previous years. Good sign as they have more chances of getting converted into successful sales.
     
  13. Asfas1000

    Asfas1000 Top Contributor VIP

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    Abdul thanks for your comment.

    Regarding WHOIS inquiries, I am still puzzled. I can't explain why they skip the landing pages ! Is there something wrong about them ? Btw I am currently using Uni's landers.
     
  14. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    for uniregistry:
    I have 41 leads
    -no sales and
    --> no real negotiations going on

    on my own landing page
    the offers I receive is more then questionable
    because its more or less just a placeholder
    of 10 usd or 100 usd

    no one ever offers a serious offer on my form

    no idea why
     
  15. SpareDomains

    SpareDomains Jay VIP ★★★★★★★★★★

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    Do they have to create a Uniregistry account to submit their offer? If so some people don't like creating accounts just to submit an offer as it may be a one time only purchase and they may have doubts their offer would be accepted anyway. "They probably want 50k" which might not be the case.

    My reason for doing my own pages is basically I receive first/last name, email, phone, offer, ip address. No account sign up is needed and no future marketing to my leads from third party aftermarkets as once they create that account you just fed them another customer they can solicit/upsell/divert down the road. I'm a fan of building my own end user database without third party eyes on it.

    Look at a Sedo parked page...

    "Receive updates on this and similar domains.
    Sign up and we will provide you with the best offers for"

    Nothing more than a lead generator to their future email marketing list where if an end user fills that out now Sedo can email them a ton of domains in the same category. Maybe some are yours, maybe some are another domainers, maybe some are from their own portfolio. This is called your traffic possibly enabling someone else to profit or a traffic leak.

    I believe third party aftermarkets shouldn't receive commission unless their distribution networks or their markets achieved a sale for ya Afternic, Sedo etc... as most leads come direct from the sales lander anyway so directing those to an aftermarket where leads come in anonymous doesn't help in negotiations and is basically just handing 15-30% of every sale away that you could have kept in house while building your own end user database. Build your own future not the companies that make 15, 20, 30% of every sale with the secret that their not out marketing your names your names are buried with millions at their markets with a generally horrible category structure that makes searching not so good and your own traffic brings in most of the leads anyway.

    I'm fine with paying 20% when a distribution network lands a sale for me as this is the future putting domains in the natural path for end users at their normal registrar which doesn't require you to point your domains to them to make sales.

    Domain Distribution Networks=Yes
    Pointing Your Domains To A Market Where You Receive Anonymous Offers, Your Domains Are Burried, They Can Solicit Other Domainers Domains Or Their Own=Hell No

    So in conclusion :ROFL: I'll always do my own sales pages but I'm fine with paying a % for distribution networks that actually did some work or secured the distribution partnerships to achieve the sale. https://www.afternic.com/domain-reseller-network etc...
     
    Last edited: Jul 1, 2017
  16. kingdombunniez

    kingdombunniez Established Member

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    I do buy domains and make offers for them as well. When I think it has potential or I can make a site from it and market that. Then keep it as continu revenue or flip it :)
     
  17. DnFolk

    DnFolk Top Member Epik.com Staff VIP

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    overall it depends on domain but generally speaking make offers has not worked for me, whether at uni, afternic or even at NP here.
     
  18. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    I support that

    but

    a potential buyer often wants to hide

    I receive "price inquiries" on domains that are listed at afternic
    but when hey would click on the domain itself
    they would see my price ( buy now )

    but they ask for a quote on afternic

    how is that for you?
     
  19. SpareDomains

    SpareDomains Jay VIP ★★★★★★★★★★

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    I would guess your domains at Afternic are in the distribution network as even make offer domains show up just in less places so the price request isn't coming from them viewing your landing page and then running over to afternic to make the offer but from them seeing your domain at one of these...

    https://www.afternic.com/domain-reseller-network

    Have to keep in mind that your average internet user (not a domainer) really have no clue on domains, whois, domain transfers etc... since domainers tend to know how everything works they sometimes forget that end users aren't the same. If their in a registrar and see a domain suggestion they request a price. I have gotten tons of these from Afternic. Majority don't go anywhere and then bamn $8 expired domain sold instantly for 3k on my first price entered in etc... and then I say dammit I should have priced higher. :ROFL:

    On my own sales pages like mentioned previously in this thread amazingly not many at all hide from me. I'm getting first/last name, email, phone, offer, ip and quite a few use emails and phones that trace to existing businesses so I can generally research how their current business is doing.

    Small chance someone sees your page has trust issues and runs to Afternic sure but in 14 years I've had 1 lawyer question me on a real estate domain and once explained in 1 email that everything gets run through a licensed third party escrow service for buyer and seller protection all was good. So I've never had a sale where they wouldn't buy direct as a good domain name, professional site, nice logo, escrow service banner, ssl all instill confidence.

    So on the Afternic price requests. Price em quick, assume they won't sell so no disappointment when the majority of them don't and occasionally you'll sell a few here and there. (y) Really feel distribution networks will continue to increase their sales over the years as end users are at their normal registrar so dangling those aftermarket domains in front of them with massive eyeballs on them assuming the domain is quality sounds like a winning formula.
     
    Last edited: Jul 1, 2017
  20. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Can't be 100% sure why they skip landing pages. But possibly they think will have to follow several steps in order to get in touch with domain owner so let's get the email ID from WHOIS and contact owner directly...

    I'm using Uni landers too. Overall, number of inquiries have gone down significantly this year compare to last one even though I have been with Uni for several years and adding domains on regular basis. Either I'm having little tough period or there might be some glitch in Uni system.
     
  21. Asfas1000

    Asfas1000 Top Contributor VIP

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    This could be the reason for skipping the landers, the several steps to get a response back . This is more likely than my assumption that they want to hide their id.

    Regarding Uni inquiries, I think at some point in 2017 they rolled out an update to filter out bad inquiries. Not sure how they did it, but 2 domains of mine that were receiving a lot of inquiries (bad ones) are now relatively quiet.
     
  22. kite26

    kite26 Fearless Bird VIP

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    I have to say that ''make an offer'' option is giving you the feeling that you leave money on the table. Personally, i prefer bin option and i plan to apply it on my bodis landing pages. I wonder, if a buyer really needs your name, he can easily find your e-mail to send you an offer slightly lower (let's suppose) comparing to your bin price.Can't he?
     
  23. Asfas1000

    Asfas1000 Top Contributor VIP

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    Not sure how familiar the average buyer is with the WHOIS information. I would think that in this case a motivated buyer with a smaller budget would search online to find a way around the high BIN and eventually find about WHOIS and contact the owner.

    For me, the biggest advantage of the "make offer" option is it will allow *any* interested party to inquire, even if their budget is very low... something that I want. Sure, if my domains were $xx,xxx I would not need to know how desirable they are :)
     
  24. kite26

    kite26 Fearless Bird VIP

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    Bin option is giving you less action, but instant sales. Surely it depends of of the names quality. But, price needs to be already clarified. No more low ball offers again.
     
  25. Asfas1000

    Asfas1000 Top Contributor VIP

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    I am considering splitting my domains, 50% Make Offer and 50% BIN ;)
     

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