NameSilo

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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7,907

  1. xynames

    xynames XYNames.com PRO VIP

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    Glad it closed. 4K seems a great price for that .ca
     
    Last edited: Jul 3, 2020
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  2. YairDD

    YairDD Top Contributor VIP

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    Congrats buddy!!

    Was it *****style.ca?
     
  3. alcy

    alcy Top Contributor VIP

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    maybe i disclose it later...aftr some more .co nego
    cheers
     
    Last edited: Jul 3, 2020
  4. Recons.Com

    Recons.Com Top Contributor VIP

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    Congrats @alcy

    couldn't have happened to a better guy ) Your 5 figure one will follow soon too!
     
  5. karmaco

    karmaco Top Contributor VIP

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    Congrats @alcy guess you didn’t need our input. You got this. 🤑
     
  6. FolioTeam

    FolioTeam AMDB.tv VIP

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    Congrats on the sale
     
  7. alcy

    alcy Top Contributor VIP

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    true.. but i wanted it ;)
     
  8. Windoms

    Windoms Established Member

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    Congrats @alcy .

    There is one thing people keep doing.
    Talking about an ongoing negotiation on namepros..

    Anyone looking to buy a domain will find namepros if he/she googles "domain for sale", or "domain name trading", or anything related to selling domain names.

    Chances the canadian corporate buyer knows about NP, some percent..

    Chances the broker tasked with closing the deal on behalf of the client has done some research and found about np, very very high %.

    I've seen other threads where people were being tactical, talking about their ongoing negotiation saying things like "the name is worth much more, if I wait a little I can get a better offer" type of stuff.
    But you in this case have given waaaaaaayy (!!!) too much info lol.

    Glad you got 4k.
    But next time, watch out.
    You can share a negotiation once it's done.
    If you need help, message experienced members for advice.
    Then when it's done, you can choose to share on NP.
     
  9. alcy

    alcy Top Contributor VIP

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    as far as things that should not be done or shared on np... I have seen a million others worst ones.

    i think this is fine.

    especially since you seem the only one to say it is not.

    do appreciate the concern though. i know you mean well to me and all others.

    cheers
     
    Last edited: Jul 3, 2020
  10. alcy

    alcy Top Contributor VIP

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    thanks.... your a good sport as always!

    as i said its real hard to make 5 figures on few year old handregs... but doable!

    i shall be exploring aftermarket buys soon too.. just never kinda get around to it... busy with all those freshly expired regs... in various tlds and niches! :)
     
  11. The Durfer

    The Durfer Top Contributor VIP Blue Account

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    oh ok, so they came down because it was the .ca instead of the .com oh well, congratulations on $4k sale anyway. :)
     
  12. Jv1999

    Jv1999 Spamming Exo: Dark Merc of the Exo-Tower VIP

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    Depends on the name, but you know that AbdulBasit always counters those like a pro and ends up with more ^_^.
     
  13. AbdulBasit.com

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

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    I myself have sacrificed a lot in the past but of course no regrets because I knew what I was doing by selling cheap. But I wanted to come in strong position so one day I can ask what I want for any particular domain.

    Still I keep selling for low IMO, but those I do for low tier domains so I can hold mid-high tier domains for the best possible prices.

    It takes time because many of us don't have enough cash flow to sustain for long period of time. So we need to keep selling domains bit lower than what we are ideally looking to sell it for.
     
  14. jim h

    jim h Upgraded Member Gold Account

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    Accept it,I'm serious.
     
  15. winst

    winst Established Member ★★★★★★★★★★

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    It really depends on how much you think it is worth. Some names i wouldn't sell under 6 figures. Sometimes the initial offer was higher than you'd expected.

    Sometimes offers don't convert to actual sales. I've had a 5 figure offer, negotiated to a price and payment arrangement, the buyer dragged his feet, then ghosts off.
     
  16. biggie

    biggie Top Contributor VIP ★★★★★★★★★★

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  17. jamesall

    jamesall BrandEntrance.com VIP Gold Account

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    After all this good advice I am stuck at heads or tails...
     
    Last edited: Jul 6, 2020
  18. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    Glad to hear they paid and done @alcy. Congrats! Not many few year old .ca go for that amount, so great sale. Happy for you.
    Bob
     
  19. Maxwell

    Maxwell Top Contributor VIP

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    Always counter at least double.
     
  20. sansmidman

    sansmidman Established Member

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    How do they usually go for you? Do they reach out and ask if you will go lower? What do you say then or is it case by case?
     
  21. PhongSGC

    PhongSGC Top Contributor VIP

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    Accept it, this company only needs this name to work in toronto (canada wider) so i think they already had an other global extension
     
  22. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    congrats to the sale
    but for sure no great idea to post it here
     
    Last edited: Jul 15, 2020
  23. lock

    lock DomainUsed.com VIP

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    I only ever sold ONE name to MY CLIENT and to my surprise NOT they were END USER still low mid xxxx I didn't discount. Every other name I had like it was their way of finding a bin they could try undermine.
     
    Last edited: Jul 20, 2020
  24. TauseefKhan

    TauseefKhan Established Member

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    congrats on the sale. I noticed lot of Canadian companies using .ca ccTLD.
     

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