Buyer uses how much you paid for how much he is willing to pay....

[Debt.tv]

I have a buyer that offered me $50 for a domain and when I countered he told me that since I only paid $10 for a domain, his offer was more than fair. He came to this conclusion because he looked up domain and found it was newly registered in February, so he thinks I only paid $10 for it...He's right but that's not my point...My thought is that the domain was picked up from a pending delete list and the value is based on the domain and its keywords not how much I paid for it.

Has anybody else had similar encounters and how did you handle the situation...did the domain not sell, did you get what you wanted for the domain or did you agree and let him have it for the price he offered?

Thanks,
Eric

 

[aditya agrawal]

I have a buyer that offered me $50 for a domain and when I countered he told me that since I only paid $10 for a domain, his offer was more than fair. He came to this conclusion because he looked up domain and found it was newly registered in February, so he thinks I only paid $10 for it...He's right but that's not my point...My thought is that the domain was picked up from a pending delete list and the value is based on the domain and its keywords not how much I paid for it.

Has anybody else had similar encounters and how did you handle the situation...did the domain not sell, did you get what you wanted for the domain or did you agree and let him have it for the price he offered?

Thanks,
Eric

Show him similar sales and tell him it does not matter how much I bought it for, what matters is how much I can sell it for. Similar domains have been sold in the market for $xxxx so this domain is definitely a good enough to match that price.

I feel a buyer is a buyer and he should be entertained professionally. And I personally like intelligent buyers coz they may bargain a lot but once I show them value in it, they'll be happy to pay the amount. He made an offer to you, Its your turn to give him a price and take the negotiations forward.

 

[hxp]

I usually just say "I dare you to buy it again for $10".

I have a similar pet peeve about the whole "You just reg'd it yesterday, and now you're charging 10x that?!" deal. Yes, I reg'd it yesterday. Yes, I paid $10. But, guess what? I'll still own the name in 10 years, and I'll still ask 10-100x what I paid. Bite me.

When you pay for a domain, you're paying the Opportunity Cost.

 

[ResoluteDomains]

............... he told me that since I only paid $10 for a domain, his offer was more than fair. ...............

Has anybody else had similar encounters and how did you handle the situation...................

I dont engage these types of offers anymore.

 

[Silentptnr]

You can always refer him to current "resale" prices here:

http://www.dnjournal.com/archive/domainsales/2016/20160728.htm

This will give him a better perspective perhaps.

 

[Haroon Basha]

If the domain is worth and if you see it has more potential if you keep it for some more time, then you need not consider that buyer's offer. It is not up to the buyer to tell you what price you have paid for the domain name. He has to consider what is the worth of the domain name in the marketplace. Since you paid only $ 10, and it is okay to sell for $ 50, then you are wrong. This is not the criteria. Value of the domain name in the marketplace that is what you should consider and not how much you paid. Just put him a counter question that you have a domain name you bought it for $ 500, and the market value of this domain is only $ 9, will he be ready to pay $ 500 or more? I have ample occasion when I hand register a domain name for $ 9 and next few days, I have sold it for $ 800! Once I hand register one domain name for $ 0.99 at Godadddy.com and within a few week, I got a buy offer from the same Godaddy team offering me $ 600 for it.
Bottom-line is how much a buyer paid for the domain is immaterial for the seller, he should be worried about how much he is willing to pay for the domain name.

 

[eyedomainous]

I (sometimes) reply with:

Thank You for your interest in my registered domain, (name here). Of course, one advantage of being the 'first mover' on a property is the registration price. Once paid, the owner gains a monopoly on the domain, and prices reflect its market value.

"A market participant has first-mover advantage if it is the first entrant and gains a competitive advantage through control of resources. With this advantage, first-movers can be rewarded with huge profit margins and a monopoly-like status."​

For more on First Mover Advantage Click Here.
For an additional reply, please make a market value offer.

Thanks,

 

[Maxwell]

It's only a $10 investment if you don't value your time and resources. This is what I always explain to buyers that say this.

Also, I would tell him sorry but you'll need more. And then see if he comes back.

 

[Debt.tv]

I (sometimes) reply with:

Thank You for your interest in my registered domain, (name here). Of course, one advantage of being the 'first mover' on a property is the registration price. Once paid, the owner gains a monopoly on the domain, and prices reflect its market value.

"A market participant has first-mover advantage if it is the first entrant and gains a competitive advantage through control of resources. With this advantage, first-movers can be rewarded with huge profit margins and a monopoly-like status."​

For more on First Mover Advantage Click Here.
For an additional reply, please make a market value offer.

Thanks,

How often do you get a better offer?

 

[London555]

I have a buyer that offered me $50 for a domain and when I countered he told me that since I only paid $10 for a domain, his offer was more than fair. He came to this conclusion because he looked up domain and found it was newly registered in February, so he thinks I only paid $10 for it...He's right but that's not my point...My thought is that the domain was picked up from a pending delete list and the value is based on the domain and its keywords not how much I paid for it.

Has anybody else had similar encounters and how did you handle the situation...did the domain not sell, did you get what you wanted for the domain or did you agree and let him have it for the price he offered?

Thanks,
Eric

Eric-if you inherit a piece of property for $1 does that mean you should sell it for $10? If it's a great name send me a PM. Good luck.

 

[eyedomainous]

How often do you get a better offer?

Once, out of around four times I responded to reg fee rational emails. But it was a nice one / sale.

Another reply I got was... "but you're not using it".
I told him to try that tactic at car dealerships, or with real estate agents.
But your not using that BMW over there, I'll give you $500 for it.
No one is even living there... I'll give you $500 for it.

 

[trp3]

What keeps me wondering is that people with exactly that argument are mostly that ones who could spend the most.

 

[Mr. Deleted]

Yesterday I got an offer through my Facebook fan page for a domain that was out of the blue, and I use the domain in email so it would have had to be higher than XXX for me to really consider it, but the guy offered 200 at first, then 250. It is a .co, but I have used it for my business and email for so long, that I really do not want to sell it, but I did offer to help him with promotions, should he want to get into that line of business that he was proposing (as it is something that is sort of related to my background). I don't think he is interested in my help, though, so I will leave him to find a new domain name.

 

[DnEbook]

My standard response to these threads is to share the DnJournal sales page link, good luck

 

[eyedomainous]

^^^
Agree, in general referring folks who make a low offer to DnJournal is a good idea.

But, as DnJournal Sales listings are aftermarket domains, and 'you only paid reg fee' refers to names not yet on the market, you want to counter by first thanking them for pointing-out your reg fee introduced the product to the marketplace -and that role customarily enjoys the highest margins.

 

[Domain Lead Finder]

Early Apple share holders got their shares for pennies, so I think its fair I pay pennies too. Anybody selling?