Don't these sort of responses get to you?

[taktikz]

How would you have handled it?


In reverse order. New to Old
-------------------------------------------Response
That is actually a lot less than what was paid for at auction.

Here's a link to publicly announced domain sales:
Sedo Captures Top Spot on This Week's Domain Sales Chart with Capture.com

Photo.com sold for $1.25 million earlier this month.

You can always get back to us if you change your mind.

Good luck
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Considering domains are less than $15 and we don’t have a burning need for [domain], I’d say $100 would be reasonable.

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If you want to make an offer, feel free to do so. We're going to proceed to contact other companies for the domain in the meantime.


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Not at your price


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Hi,



Are you interested in the domain? We're considering offers at the moment, so feel free to make one as we'd like to get this domain sold this week.



Regards

------------------------------



Mildly interested. What price?

Thanks

 

[bmugford]

1.) Did you initiate contact with them?

If so when they ask for a price you better be prepared to give one. There is nothing more annoying to an end user than someone contacting them that a domain is for sale, and when they ask for a price they get "make an offer". If they initiated the contact asking for an offer is more acceptable.

2.) It is hard to tell if $100 is a reasonable offer or not without knowing the domain name. In my opinion unless the domain is some category killing generic that is worth a ton of money, you are better off using similar relevant sales to frame the value near the price range you are looking for.

Is Photo.com selling for 1.25M relevant to the domain you are trying to sell? It is like selling a Toyota Camry and saying a Ferrari recently sold for 1M. The only thing in common is they are both cars.

Brad

 

[taktikz]

1.) Did you initiate contact with them?

If so when they ask for a price you better be prepared to give one. There is nothing more annoying to an end user than someone contacting them that a domain is for sale, and when they ask for a price they get "make an offer". If they initiated the contact asking for an offer is more acceptable.

2.) It is hard to tell if $100 is a reasonable offer or not without knowing the domain name. In my opinion unless the domain is some category killing generic that is worth a ton of money, you are better off using similar relevant sales to frame the value near the price range you are looking for.

Is Photo.com selling for 1.25M relevant to the domain you are trying to sell? It is like selling a Toyota Camry and saying a Ferrari recently sold for 1M. The only thing in common is they are both cars.

Brad

I initiated contact, they asked for price and I replied with the price.
The domain consists of two words which are searched for on average of 368,000 times a month. It is easily worth mid $x,xxx, but was offered at very low $x,xxx and later told the end-user it was flexible.

Also, I wasn't comparing my domain to Photo.com, but letting this end user know that domains aren't just worth $15 because that's what they cost for new registrations.

 

[SpareDomains]

I agree with Brad if your contacting people then you better have a price in mind. Imagine someone knocking on your door selling vacuums and when you ask how much they say "make an offer" obviously you will get $5, $25, $50, $100 offers as you are leaving the scale wide open. Okay to kick your feet up and play cat and mouse when they come knocking on your door first but when contacting end users it shows a slight form of desperation so you better come equipped with pricing. Sounds like you did shoot a price and they don't get it so now you can try to educate them on how many "exact" searches a month for the term there are and educate them on the power of direct navigation traffic/branding on a good keyword .com domain etc... or just move on to the next potential end user if they wont budge on their offer.

 

[Name Trader]

After they offered $100 I'd have given them one chance to make a reasonable offer, then I'd be out of that conversation. They obvious don't have a burning need for the domain. Move on to somebody else.

 

[DomainTalker]

(Slightly off to one side, but relevant...)


I had a beauty from an end user the other day (a major stock exchange-listed Corporate, based in Canada)....This was an unsolicited email from them to me, with the following offer...


(Re the domain, Issues (dot) com):


"...I'm willing to pay for the name at slightly above market value ($15 US / Year). Since the domain is registered for 4 1/2 years I'll give you $20 US / year ($90 US). Provided I can move it to whichever provider and host I want...."


That was the entire unsolicited offer & email message from this major Corporate...LOL


Gotta shake your head...



Btw, just for the hell of it, I replied with a very educational exposition about the real value of a domain name to a business (and how to assess a domain's real potential value to them).

.

 

[Name Trader]

Btw, just for the hell of it, I replied with a very educational exposition about the real value of a domain name to a business (and how to assess a domain's real potential value to them).

Care to share that response DT?

 

[Spade]

(Re the domain, Issues (dot) com):


"...I'm willing to pay for the name at slightly above market value ($15 US / Year). Since the domain is registered for 4 1/2 years I'll give you $20 US / year ($90 US). Provided I can move it to whichever provider and host I want...."

I am willing to do better and counter double their offering price.

 

[Sparhawke]

If they think it is worth $15 then let them think that as you will always find people who think value is only made up of the bricks and mortar and nothing else, don't waste your time but I can understand why they would be pissed at you contacting them and making them give you an offer...

You contacted them, not the other way around so the onus is not on them to sell themselves a domain..I have many people a week trying to do this to me over the phone for various deals and special offers, and they all get themselves cut off mid-sentence.

When contacting someone like me it is up to you to tell me what you have, what it can do for me and the benefits to ME as well as opening with a ballpark figure you would like to start negotiating from, maybe with some evidence that similar domains in my area have done the same prices, it is not my job to state the first price and lock myself into a deal I might not even be interested in and if you do not do this then I do not get the impression of you as a professional so why should I waste my time?

 

[DomainTalker]

(Edited)

Care to share that response DT?

Perhaps I better not....'least not in a public forum...

I am willing to do better and counter double their offering price.

:D

...Add another $5 - and maybe we have a deal...lol

.

 

[Sparhawke]

It would've been better if it had shown that in the first post then maybe, it is really confusing to read and it is not clear who is starting the conversation.

 

[SlimPickins]

sparhawke.... i think the confusion lies in you seem to be replying/giving advice to the OP's (taktikz) 1st post, rather than DT's post (#6) where he clearly states it was an unsolicited approach FROM an enduser..... but you are right, the very FIRST post is confusing about who initiated contact and, in my opinion, your advice (assuming that the seller approached the buyer) is very good. sp

 

[DomainTalker]

Oh, sorry, Sparhawke....I thought you were commenting on my post, not the OP's....I've edited my last post.

Thanks SlimPickins....and, apologies to all.

.

 

[gazzip]

"...I'm willing to pay for the name at slightly above market value ($15 US / Year). Since the domain is registered for 4 1/2 years I'll give you $20 US / year ($90 US). Provided I can move it to whichever provider and host I want...."

.

:lol: that's nice of them!


.

 

[Jaco]

You handled it about how everyone handles it.

Part of what makes domain reselling profitable is that the most relevant parties don't 'get it'. As such, there's a knowledge gap that domainers exploit for profit (getting harder and harder to do, though, since pretty much anything and everything worth a damn is spoken for and aftermarket asking prices can be delusional)

In the process of reselling, you will encounter any number of businesses who 'don't get it' and believe that domains are worth their cost to register. When you encounter them, you quickly and politely move on. Your goal isn't to open up a series of running dialogues with multiple parties on the efficacy of premium domain ownership. Your goal is to keep knocking on doors until you locate the person who 'gets it' and really wants your name. The faster you move on from the non-starters, the closer you get to the one who is a buyer.

 

[Name Trader]

That's exactly what I did in a similar situation to the OP just this last week. Told them I wasn't a Registrar but a Domain Trader and left it at that.

 

[Sparhawke]

Let them go ahead and register their crappy-overly-long-business-domain-name-that-no-1would-ever-bother-or-even-make-the-effort-to-type-hahahahahahahaha.com for $15 and move onto the next person.

Honestly, I have seen some really bad domains out there littering the battlefields of droplists for years now and more arrive every day, some people really don't get it that no one visits names that are not absolutely descriptive, if they are not willing to pay a consultant who does the research for them and finds them a short snappy name that people are using to search for them then they probably deserve to lose it to a rival.