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

 

[Abdillahi Abdillahi]

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.

Yes but I am sure you could have gotten 8 to 9 K at least. I asked, what is the status of the .COM? Can it sell for more than what they offered if it is for sale?

Another thing that I believe kills their claim that they were bidding on the .COM ( not just the .CA or .COM being no where close ) is the fact that they said they want to get the .CA. If you are bidding on the .COM then you pursue that and forget about the other extension.

While you might be happy with the offer, I am not sure you can easily forget when you see them develop that .CA with the .COM being no where to be seen.

 

[RJ]

There is risk in showing weakness during a negotiation too. They could continue to drive the price down.... my manager/client says no way... not even 4k.... we can offer 2...

You could show some strength by being less eager to close, giving a little push back... I wouldn't sell any of my assets for less than $6k... I'll have to think about it... what is your project again?... I had plans for the domain too... etc... etc.

 

[Wesley S]

always give them a double counter-offer unless you had a price up already. Then work your way to the middle. good luck. whoohoo.

 

[frank-germany]

agreed Frank
4000$ is an amazing sale for .ca
for 2-3 yr old handreg

as it stands i have no way to know for sure if he's playing a trick.
and if not 100% sure, maybe trying to suggest it or ask into it, would result in no sale.
especially if he played no trick.

i prefer to remain cautious when the roi is still so good.

sometimes the other guy
simply is the better negotiator

sometimes you are

so if he has won
why not?

next time you win

I try to not take that personally no more

( hard )

 

[alcy]

sometimes the other guy
simply is the better negotiator

sometimes you are

so if he has won
why not?

next time you win

I try to not take that personally no more

( hard )

good thinking.
however as I said before, i stil feel like total win at 4k

if he tries something again, at least we know for sure its tricking.
now we just suspect some stuff.

 

[alcy]

not sure if it's been asked yet

Did you receive an IP address with the offer? Have you checked that out?

I know this does not always give 100% accuracy but may help you to identify/sort out some of this geo gibberish about Toronto/US

yes broker ip is toronto

 

[alcy]

There is risk in showing weakness during a negotiation too. They could continue to drive the price down.... my manager/client says no way... not even 4k.... we can offer 2...

You could show some strength by being less eager to close, giving a little push back... I wouldn't sell any of my assets for less than $6k... I'll have to think about it... what is your project again?... I had plans for the domain too... etc... etc.

i think hes basically out of excuses now.

in all honesty, i thought he'll offer less than 4k when he came back with this mistake thing. so i was getting ready for some negotiating.. from say 1k-2k....

 

[DomainBarracksRob]

Kinda odd that a Broker would get .com and .ca mixed up.(mistakes happen)


..as others have said sounds fishy and very cat and mouse like Sneaky is the word. I wouldn’t send anymore checkout links or negotiate any lower. Just inform them you’ve settled On your firm price and..

Put a BIN of $15k on the lander and go ghost.

 

[alcy]

also when broker said he is sending my emails as CC to buyer... buyer wrote me direct a time or two... and it came through once from his email (Which was @.ca btw).. like regular letters.. and another time as numbers @ gmail... never saw this before.. anyone know what it is.. like [email protected]

just curious

ps here is the first email i got from broker when he said he made error.. it actually was to buyer.. and i was just cc on it;

I gave wrong price for .Ca domain. Please respond with the value you wanted. Sorry for that confusion. They are cc on this email

 

[RJ]

If they come back with any other funny business, I would act like I'm stepping away from the deal and wish them the best on finding a different domain. Mistake or not, lowering the offer that dramatically (12.5k to 4k) puts a cloud over the whole transaction. Hold out for the 4k. Best of luck.

 

[alcy]

Kinda odd that a Broker would get .com and .ca mixed up.(mistakes happen)


..as others have said sounds fishy and very cat and mouse like Sneaky is the word. I wouldn’t send anymore checkout links or negotiate any lower. Just inform them you’ve settled On your firm price and..

Put a BIN of $15k on the lander and go ghost.

good ideas... still we all gotta admit as domainers.. that cat and mouse negos games is what we basically do most time with buyers too... so sometimes we just get played at our game... however, i will emphasize once more than even if this sells at 4k.. and i was played.... it still feels like bin win sale to me.

that bin lander is good idea if he goes silent...ty
id still send him one final email to let him know its there... just to ensure he knows. cheers.

 

[alcy]

If they come back with any other funny business, I would act like I'm stepping away from the deal and wish them the best on finding a different domain. Mistake or not, lowering the offer that dramatically (12.5k to 4k) puts a cloud over the whole transaction. Hold out for the 4k. Best of luck.

solid advice. ty.
i actually do plan to do something similar to what he did (slight assumption here about what he did actually do, tricking wise)... and basically play my own games if he decides to go any lower still. ty.

 

[xynames]

If it's a legitimate offer, the domain will end up selling for what it's worth, which it sounds like alcy is saying the domain is not worth much at all. A certain amount of game playing on either side might vary the end result, but not as much as all that.

And if it's not a legitimate offer, nothing will happen in the end at all.

 

[alcy]

If it's a legitimate offer, the domain will end up selling for what it's worth, which it sounds like alcy is saying the domain is not worth much at all. A certain amount of game playing on either side might vary the end result, but not as much as all that.

And if it's not a legitimate offer, nothing will happen in the end at all.

apparently his 12.5k was not legitimate.. by mistake or otherwise... i see no reason why the 4k would be illegitimate too... but so far no payment.. itd be just weird to make 12.5k offer.. call it error.. reduce it by 60%... get seller to accept that.. and then still not pay.... but i guess we've seen it all in domaining

 

[alcy]

p.s i happen to own this name in .co also.
i already mentioned it to him.
he didnt show interest
but if/when he pays for the .ca
i may offer it to him at some good price.

no pay yet.. i suppose it isn't imposible they are negotiating/waitng for reply on the .com offer.. if they made one.

in weird negos like these.. where things do not go smoothly, i guess all possiiblities are open....

 

[NorthernDomains]

Why? Looks like blaming DAN for lead.

DAN is the best; set BIN to avoid fake offer

Re-sent...

 

[twiki]

I got an 50K offer at Dan for a domain with the pattern "24xxxxx.com". Haven't replied.

Edit: The funny thing is, it's a small chance but it might even be a valid one, so I messaged Dan to ask if there's any downside to accepting and seeing what happens.

It's an industrial related domain and the country where the user is from has a lot of industry. Still... price is high.

 

[Ostrados]

I got an 50K offer at Dan for a domain with the pattern "24xxxxx.com". Haven't replied.

Edit: The funny thing is, it's a small chance but it might even be a valid one, so I messaged Dan to ask if there's any downside to accepting and seeing what happens.

It's an industrial related domain and the country where the user is from has a lot of industry. Still... price is high.

I don't understand. What is the risk of accepting an offer? you are not forced to transfer the domain until the funds are secured at Dan.

 

[alcy]

ok all over now.
i emailed him twice today reminding him of his promise and comitment to buy today if i take his 4k.. one broken comitment (12.5k) was enough for me... so i wanted make sure there is no 2nd one.... so.....

he bought at 4k just now
paid

that was a weird one

i guess my first 5fig sale will need to wait... and though i've only ever owned a few dozens of .ca names over years, selling but handful... so at least out of all this i still get by far the biggest .ca sale i made so far.....

thanks for all yer input.. feel free to discuss further anythign u want of course.. i hope we all learned something from this. cheers

p.s i'll still offr him the .co
if their kinda securing various tlds, and .com is their primary.. they should be more than intereasted in .co........i'll update if it sells too.

 

[alcy]

I don't understand. What is the risk of accepting an offer? you are not forced to transfer the domain until the funds are secured at Dan.

true... though in some cases there are many signs it will not work out.. new member, new reg domain, huge $$$$ money offered.. etc... still no harm in accepting offer. especially on dan... where u can edit the name, uncheck sold right after accepting offer and its right back on market.. its different on sedo gd etc where u gotta wait some time. taking name off market.. but on dan.. nothing to lose.. since poster said he emailed dan about downsides, he may not be aware of this uncheck sold option.