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Best way to reply to 5 figure first offer?

Labeled as discuss in Domain Selling and Domain Sales, started by alcy, Jun 30, 2020

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  1. YairDD

    YairDD Top Contributor VIP

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    Good luck! Please update us :)
     
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  2. alcy

    alcy Top Contributor VIP

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    i use dan to close all sales and leads.. and its been very smooth with them. plus they offer many payout options. sadly, escrow.com offers nearly none to canadians. very sad.

    i could have tried epik but im less familiar...

    of course if they write they do not want dan, im flexible.

    the buyer truly does appear like brand new starting business as they say, but researching the "broker" email address.....it seems like some internet marketing service.. owning 100+ domains...3 million per year revenue....and couple dozens employees... but.. its unlikely they are the ones paying for this... then again in this world we live in today.. anything goes.. and this could just be guys who have buyer for my name at 50k-100k...and they're buying this off me for 12.5k.
     
  3. Abdullah Abdullah

    Abdullah Abdullah Top Contributor VIP

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    Good luck with this but are you comfortable sharing the name? Even through DM ? Either way, good luck and close it the best you can get.
     
  4. coolhands

    coolhands Established Member

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    @alcy
    From My experience, if the possible buyer is a company that's generate only $3M in revenue, They will not buy a domain for a range of 50k-100k. only if the name is a dot com.
    just counter an offer of $20k and u will be ok.

    good luck
     
    Last edited: Jul 1, 2020
  5. AbdulBasit.com

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

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    +1
     
  6. tldboss

    tldboss Top Contributor VIP

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    I would accept 12.5K for a .ca hand reg.
     
  7. frank-germany

    frank-germany domainer since 2001 / musician VIP

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  8. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    @alcy really hope this works out and the sale completes. I think you did the right thing to accept. I like the wording @Recons.Com suggested above for situations like this.

    I don't agree with the sentiment some have expressed that a hand reg .ca is unlikely to fetch this price. For example ThistleDown in .ca was a hand-reg in Oct 2017 it appears, and it sold for $15,500 two years later in late 2019. BitcoinCash was hand reg in 2014 and sold for $12,000 five years later. I agree it is rare, and the Canadian presence requirement make the market far smaller, but also fewer scouring all the names.

    Anyway, fingers crossed for your sale, and please let us know after it completes,

    Bob
     
    Last edited: Jul 1, 2020
  9. alcy

    alcy Top Contributor VIP

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    wow this is quick turning into oddest sale/nego i ever had... and I had a bunch...

    when this "broker" got dan checkout email apparently he realized he made typo in price thinking hes offering on the .com from what I understand.... so he told me this.. then asked buyer (I got cc email with buyer addy which is already weird ffor broker to do).. what he can pay for .ca... then the apparent buyer wrote me direct saying 4k or we forget it.

    obviously any sane domainer wil be beyond happy selling a 3yr old .ca handreg for 4k... so im not gonna be making much fuss about any of this at risk of loising buyer... even if in some regard im being scammed here.. negotiation wise etc.. i am still going to be delighted to get 4k for this...... so i guess my first 5 figure sale will wait some more... as i mentioned before, its unlikely to come from handreg.. though as BOB said... these do hapen... its just rare as diamonds... for say upto 3yr old handregs.. obviously its different for 10yr old handregs etc ;)

    i posted this as learning experience for all. so i hope its what it was.

    i resent dan checkout for 4k... so i'll update if this sells.

    one thing i found bit odd is broker originally saying they;ll be toronto based... and now the buyer writng:

    As the biz Will be based in the us we only really care about the .com
    I'd buy the .ca for 4K today
    Otherwise let's forget it



    but..maybe the hq is usa... then some branches... i guess there is always that chance he thought he was making 12,5k offr on .com

    then of course there is the other.. which is him seeing i accepted 12.5k, without counter... he tried his luck to lower it in a nego tactic.

    bit odd.... but at 4k i dont wanna care too much, i had offers of few 100s on this name in past,,, and would have easily sold for high 3figs.
     
  10. YairDD

    YairDD Top Contributor VIP

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    I think it's a bit risky accepting the 4k immediately after accepting a offer of 12.5k, I would've countered at 6-7k. He may think he can reduce the price even more and come with a 1k offer next.
    Hope I'm wrong and it actually sells.
     
    Last edited: Jul 1, 2020
  11. Samer

    Samer Top Contributor VIP

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    Party is bizarre, go with your gut, @alcy.

    Why do you resent Dan checkout, @alcy?

    If Buyer playing games; Why is it Dan’s fault?
    Samer
     
    Last edited: Jul 1, 2020
  12. YairDD

    YairDD Top Contributor VIP

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    Where do you see him saying that it's dan fault?
     
  13. Samer

    Samer Top Contributor VIP

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    Why? Looks like blaming DAN for lead.

    DAN is the best; set BIN to avoid fake offer
     
    Last edited: Jul 1, 2020
  14. alcy

    alcy Top Contributor VIP

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    i resent dan checkut cause the other add lead was for 12.5k
     
  15. alcy

    alcy Top Contributor VIP

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    no bins
    this was add lead
    so now i need to make new add lead for new price
     
  16. Samer

    Samer Top Contributor VIP

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    @Dan @LaszloSchenk tho usually dont post outside DAN thread.

    Good luck! Keep us posted

    Samer
     
    Last edited: Jul 1, 2020
  17. alcy

    alcy Top Contributor VIP

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    lol yer right
    which is why i mentioned he could be playing trick seeing i took his 12,5k

    obviously there is limit to tricks he can play
    lowering it to 1k wont work for me
    i hope he knows it

    :)

    but.. thats all just assuming its a trick. i cant be sure.
     
  18. alcy

    alcy Top Contributor VIP

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    ok for moment i thought u thought im blaming someone

    but your just trying to help in weird way lol

    tnx

    no worries, it takes 1 minute to make new lead
    there is no need to ask dan to change it
    they waste 20 mins reading this thread and i can make new lead and price in 1 minute

    so all good
     
  19. Samer

    Samer Top Contributor VIP

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    @alcy you’re one of most reasonable here; if anything, emphasis on any ur complaints, you’re credible, trustworthy.

    It’s Why i’m rying help and understand your frustration, pain with anything in DAN process.

    Even if it’s not what you wanted; I much learn;
    Thank you for sharing; regardless wht happen!
     
    Last edited: Jul 1, 2020
  20. alcy

    alcy Top Contributor VIP

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    your real hard to follow sometimes.
    but im sure yer intetions are good even if sometimes i have no clue what you are saying or what is the langugae u use :)
     
  21. karmaco

    karmaco Top Contributor VIP

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    As the biz Will be based in the us we only really care about the .com
    I'd buy the .ca for 4K today
    Otherwise let's forget it


    This is typical game playing and fishy to me. Hope it still goes through for you.

    I think Samer took resent as I resent you. Not I resent the email.
     
  22. alcy

    alcy Top Contributor VIP

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    i have no idea what samer said... i just said i had to make new lead with new price. which i did have to do.

    well... dont get me wrong id love to get 12.5k. or more.
    but i also cant really aford to lose 4k potential sale on this little handreg.
    so even if he thinks hes winning and tricking me into something (if he is) then on my end, im still thinking im winning with this sale.. so... u know... its all good. lets hope he pays
     
  23. RJ

    RJ Domain Buyer PRO VIP ★★★★★★★★★★

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    Some sellers never accept an initial offer because it makes the buyer think they could have had it for less. This has served me well in the past, but I have had my share of missed sales too.

    This buyer could have started at 4k and you would have been thrilled no doubt. The starting offer did seem abnormally high for any domain so maybe there was a mixup with extensions. This is such a weird negotiation, I sure hope it ends well. Good luck alcy!
     
  24. Abdullah Abdullah

    Abdullah Abdullah Top Contributor VIP

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    Agreed. @alcy mishandled the situation. He should ask what is the situation with the.com version? Can it sell for more than the initial offer they made? No one makes a mistake between .CA and COM. I would give them the benefit of the doubt if the name was .CO. So yes, they are trying a tactic with you and it appears you accepted
     
  25. alcy

    alcy Top Contributor VIP

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    thats like saying that if i persued inquisition into this and his play on words or tactic.. it would have resulted in me getting my 12.5k... i hardly think its true.. if anything he may have realized im onto him.. caling him cheat or something...

    im super comfy at 4k. obviously, i have my limits with the price.. its just that they have not been reached with his 4k price.
     

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