offers Dealing with very low offers: Flat out reject or offer/counter ?

[NYJimbo]

When dealing with a domain that you have up for BIN on a sales platform and that is priced below $1,000 and you get a pitiful offer like $50 or $100, do you find it better to just flat out reject and wait for a counter offer or to respond with a lower price than BIN ? I mean what do you find to be best response to the buyer on average.

I'm not talking about a hot or liquid domain, but something you think has value but does not look like big money.
This is also for a platform where you do not have the ability to talk to the buyer, but just do the offer/counter offer thing.

Any comments, ideas, etc appreciated.

 

[xynames]

I did get one of these 50 offers up to 4000 and closed the deal but in general the lowball offers end up going nowhere.

I do respond to all offers politely.

 

[BaileyUK]

If it's on a sales-platform, then best you counter or reject otherwise you'll just keep getting reminders. I tend to just reject anything below $xxx. the potential buyer will just submit a higher offer anyway, If he is that interested

 

[wizard]

When dealing with a domain that you have up for BIN on a sales platform and that is priced below $1,000 and you get a pitiful offer like $50 or $100, do you find it better to just flat out reject and wait for a counter offer or to respond with a lower price than BIN ? I mean what do you find to be best response to the buyer on average.

I'm not talking about a hot or liquid domain, but something you think has value but does not look like big money.
This is also for a platform where you do not have the ability to talk to the buyer, but just do the offer/counter offer thing.

Set a min bid that your happy to accept

Any comments, ideas, etc appreciated.

All depends on the quality of names and how much the investment was as soon and what your end plan is far too many people are too greedy with poor quality domains if you want to make money sell some of the poor quality at low end prices it all adds up ! use your profit to buy more

 

[Bob Hawkes]

I would respond even if to simply say that i could not accept an offer at that level and to invite them to reconsider.

 

[Mister Funsky]

If they offer me $50 for a name that is worth twenty or more times than what they have offered, I block them, their ip, their email, their kids email, the neighbors phone number, their great aunt bessie's twitter, the local mayors mistresses contact info...

If their offer is remotely in the ball park I will respond with data/stats justifying my pricing and hope they have the capacity to understand the info and open a dialog. If they do not respond in a positive manner I just move on...as the wise sage of recent fame has said "I aint got time for that".

 

[MapleDots]

I do not respond to any offers under 1k, it says so specifically when inquiring about a domain on my site.

 

[MarkMetric]

I usually respond to low ball offers because they buyers are also testing how deep the water is and how experienced the sellers are. I quote my price and if the second incoming offer is a lowball, then I do not respond else I keep the dialog going.

 

[Jay Ha]

This is also for a platform where you do not have the ability to talk to the buyer, but just do the offer/counter offer thing.

My opinion is that countering their offer with something like $999,999 is always better than not replying to their enquiry at all. Since you can't use words this would show them that their offer means nothing just like the counter offer that you sent to them.

Or you could always use 1337 language?

 

[karmaco]

Or you could raise the lowest offer allowed and then you won’t get those low balls at all.

 

[bmugford]

I will generally not respond to terrible offers. If I do it will be maybe a "No Thanks" or "Please make a serious offer if interested" type response.

If they double down on their offer with a comment that enforces it like - "I will offer $50. You have owned it for many years and no one else will ever buy it", then I will not respond to that type.

I focus my time and energy on the ones that have the highest likelihood of panning out.
Really bad opening offers rarely do.

Brad

 

[cuni.co]

My opinion is that countering their offer with something like $999,999 is always better than not replying to their enquiry at all. Since you can't use words this would show them that their offer means nothing just like the counter offer that you sent to them.

Or you could always use 1337 language?

Exactly what I did, someone thought he could get a good quality domain of mine for 100$ I replied back with 99,999$ loll. Never heard from him

 

[FolioTeam]

If they offer me $50 for a name that is worth twenty or more times than what they have offered, I block them, their ip, their email, their kids email, the neighbors phone number, their great aunt bessie's twitter, the local mayors mistresses contact info...

If their offer is remotely in the ball park I will respond with data/stats justifying my pricing and hope they have the capacity to understand the info and open a dialog. If they do not respond in a positive manner I just move on...as the wise sage of recent fame has said "I aint got time for that".

Lol. Had to laugh at that $50 statement

 

[tomcarl]

When I get the obvious lowball offers, I always respond to give myself a smile/laugh by Thanking them for their very generous offer but having to decline at this time, they usually always come back with something higher, or a lighthearted response. But I never humor lowball offers by responding with an actual number until there's that rapport, otherwise it can look eager.

 

[Kpett]

I always give a response to all offers - you never know where it will lead, and it only takes a minute of my time. I had an initial $100 offer finally close at $1500. You never know how bad they really want the domain - so it's worth a minute of my time.

 

[Kate]

I think it is perfectly acceptable not to respond to such lowball offers, especially when your price expectations have been made clear on the lander page.
Lack of response is a response.
Your time is valuable, by not replying you are telling the other party you have no time for games. This is not the flea market where you argue about the price of an old chair or some item that is easily replaceable.

If the buyer is motivated, he/she will make another approach, because it's also possible the first E-mail didn't reach the domain holder.
In addition, you can still put a link to Sedo or escrow.com so that the buyer can proceed with purchase at BIN price without interaction from you. Make it easy for the serious buyers to buy your domains, and maintain a barrier for the tire-kickers.

Sure, people are testing the waters, but how many times are those lowball offers going to convert to meaningful offers. It's not like people are simply getting the ball rolling here, the asking price is already known.

 

[likeslikes]

In general I respond, but make it clear we're not even close and they have to come up to even be considered. I had an offer go from $100 up to $600 on a name I own just recently (I was looking for $800 minimum) but at least it got to a respectable amount.

This is probably obvious, and what most people do, but I try to put my prices a bit higher than I want and give myself some wiggle room so they can feel like theres give and take.

 

[J Sokol]

I just had a domain listed on Undeveloped for $1250 and Make Offer on GD. I received an offer of $150 on GD the same day the listing appeared on Undeveloped (I have a feeling the buyer saw that listing and thought s/he would try to get it cheaper on GD. When I countered with $1250, they jumped to $750, and we settled on $815. So in this case it was worth negotiating. Once they saw I was serious, they got serious too.

 

[Optimal Names]

When dealing with a domain that you have up for BIN on a sales platform and that is priced below $1,000 and you get a pitiful offer like $50 or $100, do you find it better to just flat out reject and wait for a counter offer or to respond with a lower price than BIN ? I mean what do you find to be best response to the buyer on average.

I'm not talking about a hot or liquid domain, but something you think has value but does not look like big money.
This is also for a platform where you do not have the ability to talk to the buyer, but just do the offer/counter offer thing.

Any comments, ideas, etc appreciated.

I always counter with my honest price - that is the best response I can make. However I have never closed a deal with anyone who began negotiations at low-ball amounts. I think I need to begin rejecting or ignoring because countering has not worked in nearly 2 decades now.

 

[topdom]

I was offered 100 usd for an .info. I countered 5k. After one week they accepted it. Many years ago I was also offered something for it, and my counteroffer was again 5k, but offers didn't get close to a sale at that time.

It would be good if you have this kind of image:
-I know what my domain is worth. I don't plan to increase the price to get more, or decrease it because I'm desparate.
This image may work if you are dealing with an enduser.

But if your counteroffer is 5K, and you drop it to 500, even if the buyer was normally willing to buy for 500, wouldn't buy it and expect you to drop the price to 50, or just quit, assuming he was originally interested in low quality product, and the seller is a scammer.