discuss Best way to reply to 5 figure first offer?

[alcy]

so i've been domaining for 5 years.. and its been all regs for me (99%) ... and 99% of those were off fresh expiries. so I wasn't really expecting bigger sales .. i guess u could say aftermarket buying for resale is still something thats ahead of me... and i do look forward to it indeed.

that being said... my highest sale so far was 4 figures... 6xxx... so today when i had first offer in low 5 figures, which looks rather genuine ... i thought i'd make post of it... for others to learn from and for those with more experience to comment on.. and for me, well, to make my first 5fig sale as big as possible... thus... how would you respond to such bodis inquiry? its a 2-3 year old .ca handreg... taken in 30-40 tlds... let me know yer thoughts.......inquiry quote:

Offer: USD 12500
Message:
My client asked me to reach out to you. They want to use this for a business in Toronto. Please let me know if the bid works for you. They can move quickly if so

 

[lambo.com]

Accept it

 

[karmaco]

As always very hard to say without knowing the name. I always always counter even if only a little more. If you jump on that first offer they often try to go lower or feel they are overpaying. Do a full search on this name on Google etc.for any recent changes. Look at what the other extensions are asking for theirs if available.

 

[wwwulff]

Without knowing the name it is impossible to give you a reasonable answer - I do not know if you are from Canada otherwise I would ask someone who knows more about the .ca market - Good luck

 

[alcy]

As always very hard to say without knowing the name. I always always counter even if only a little more. If you jump on that first offer they often try to go lower or feel they are overpaying. Do a full search on this name on Google etc.for any recent changes. Look at what the other extensions are asking for theirs if available.

12k for 3 year handreg in any tld is basically big time win... especially in cctlds.. so it comes down to wording of the inquiry... to feel whether dealing with big budget company able to pay more.. or not.

 

[alcy]

Without knowing the name it is impossible to give you a reasonable answer - I do not know if you are from Canada otherwise I would ask someone who knows more about the .ca market - Good luck

yes canada..its not possible to own ca names otherwise.

as i just wrote above, i posted this mroe to get sense of whether the inquiry suggests its big company willing to go higher.... or not.

i believe at 12k, for a few year old handreg, the name becomes basically irrelevant. imo

 

[Keith]

Impossible to say without knowing the domain. I’ve lost 5 figure offers by asking for a bit more. Then again, I’ve rejected 5 figure offers with no worries.

 

[karmaco]

12k for 3 year handreg in any tld is basically big time win... especially in cctlds.. so it comes down to wording of the inquiry... to feel whether dealing with big budget company able to pay more.. or not.

True but there are psychological factors involved in any deal. In my mind, someone values something at five figures opener you have to ask yourself why and agree with them and price accordingly. Hand reg is irrelevant to me. Its the name that matters.

 

[xynames]

Unfortunately that wording sounds suspect. Most offers on behalf of a client include words to the effect of “How limited my client’s budget is” and never start off near the full value or asking price of the domain.

So unless that domain you have there is easily worth six figures or close and that $12500 offer is insultingly low, I’m afraid that wording is leading up to some kind of appraisal or other scam.

 

[alcy]

True but there are psychological factors involved in any deal. In my mind, someone values something at five figures opener you have to ask yourself why and agree with them and price accordingly. Hand reg is irrelevant to me. Its the name that matters.

hm.. i meant name is irrelevnt in the sense that my investment is minimal..... and also suggesting that the quality of name is not so great.. because we cannot handreg very high value names in most cases..

so to me personally the purpose of this thread was more to figure out the subtleties of wording of inquiry, to decide if buyer can go higher or not.. if counter or not..

imo

 

[alcy]

Unfortunately that wording sounds suspect. Most offers on behalf of a client include words to the effect of “How limited my client’s budget is” and never start off near the full value or asking price of the domain.

So unless that domain you have there is easily worth six figures and that $12500 offer is insultingly low, I’m afraid that wording is leading up to some kind of appraisal or other scam.

ty for voicing this.
its possible to be fake offer,
but i'll eliminate the appraisal scam, as those do not lead up to this scam.. but mention it in first post... and in different wordings... from the ones i saw.

i am not sure what u mean that its easily worth 6 figures.. givem i mentioned its few year old handreg... one cannot handreg names.... in essentially any extension that are easily worth 6 figures... one can only buy such names for 5-6 figures.

i've seen my share of offers and inquiries... sales too... so im kinda leaning toward this being genuine.. the question is,... does the wording suggest they can pay more.

 

[xynames]

What I mean in case it wasn’t clear is - I’ve received low five figure offers on domains I have listed for a lot more or that are worth a lot more than low five figures. I almost never see a legitimate offer start off at full value.

 

[alcy]

What I mean in case it wasn’t clear is - I’ve received low five figure offers on domains I have listed for a lot more or that are worth a lot more than low five figures. I almost never see a legitimate offer start off at full value.

sorry. but i do not believe there is such a thing as 2-3 year old handreg.. in any extemsion... that is "easily worth 6 figures". which im quite sure is what u said. so i just wanted to point this out.. and eliminate it as possibility. as my name obviously is not "easily worth 6 figures".

nor really easily worth 5... or perhaps not even easily worth 4.

 

[Windoms]

Your biggest sale since you started 5 years ago.
Hand reg.
.ca.

I'd take it and buy good .com domains.
Because of the first point (biggest sale ever), Id take it without any further negotiation, leave that for next time.

 

[wwwulff]

does the wording suggest they can pay more

The wording says nothing but most brokers probably won't put up with the best offer first so if you feel the offer is genuine then make a counter offer

 

[alcy]

Your biggest sale since you started 5 years ago.
Hand reg.
.ca.

I'd take it and buy good .com domains.
Because of the first point (biggest sale ever), Id take it without any further negotiation, leave that for next time.

yes bit ironic isn't it.
its a given my biggest sale would be handreg.. since 99% of my stuff is just that.
but... for it to be ,ca .. would be indeed ironic.
good advice. thanks. i am leaning toward that too.
maybe with this profit as u say, it would be a good time and oportunity to enter a bit of the aftermarket.. in the .com.

 

[Windoms]

"Please let me know if the bid works for you. They can move quickly if so"

You dont want to waste time while theyre negotiating another domain on the side.
Move quickly.

Youll take that risk next time, when you can afford it.

 

[xynames]

Not sure why Alcy runs off on tangents talking about hand regs. I’ve just opined in multiple manners that the offer appears fake unless that domain - whatever it is - is worth a lot more than 12,500. How was I unclear? End of story. I wouldn’t spend hours worrying over how to respond to it.

 

[alcy]

"Please let me know if the bid works for you. They can move quickly if so"

You dont want to waste time while theyre negotiating another domain on the side.
Move quickly.

Youll take that risk next time, when you can afford it.

i think u are quite right,
i feel their wording suggests in a way they may be open to paying more (let me know if bid works for u).. but if so then the big question becomes; how much more.. and also, are they negotiating other names on the side.

for this kind of profit, and reinvestment oportunity in other domains, this may just not be worth countering

though so far the views here are basically 50/50

 

[alcy]

Not sure why Alcy runs off on tangents talking about hand regs. I’ve just opined in multiple manners that the offer appears fake unless that domain - whatever it is - is worth a lot more than 12,500. How was I unclear? End of story. I wouldn’t spend hours worrying over how to respond to it.

well..he just wanted to be clear that its not easily worth anything other than the 30$ or so he put into it... vs a name that was paid say 5-6 figures on aftermarket.. where claim can be made that its easily worth 6 figures.

i think alcy is just bit perfectionist and likes to be clear on things. hes alright though,