discuss Got 12 Inquiries in 4 days for one domain name

[Memomax]

Hello namePros members

I've some domain names parked at uniregistry using for sale landing page, and recently one of them Got 12 Inquiries in 4 days, from 3 Chines companies, I searched all of them and found that one of them is so big, I asked them to make an offer but they asked for the price I thought they might need to know the price range first so they don't make a higher offer, so I sent a price quote to all three companies and I didn't hear back from any of them for almost 12 days, I followed up asking if they're still interested in the domain name and still no response for 3 days now, so I need your advice guys,
should I use uniregitry brokers as they can speak chines??

Notes: - the domain got an inquiry on afternic also.
- My asking price is lower than other domain extension with the same keyword.

What should I do guys??

 

[MapleDots]

I had a similar case where I got 7 inquiries on one domain. I raised the price by $500 with each inquiry. I figured it was the same person. I finally got an email entitled WTF. I responded back and said I could say the same and the price has just increased by another $500.

I did end up selling it but I originally said 5k and ended up selling it for quite a bit more.

I am currently negotiating with a company from Switzerland as well and it their fourth inquiry, I just quoted 4k more. They will either walk or buy before it costs them more.

 

[JudgeMind]

last year I had an offer through undeveloped, we countered back and forth and agreed on $2800. They failed to pay in time and the sale was cancelled by UD. A week later I got a lower offer from them than the price we agreed on, I simply rejected it and did not message them. Then 2 days later I got an offer from the for the same price originally negotiated, I was getting pretty piss$d off at this point as I don't have time to dick around. I raised the price to $3500 in a counter offer which they rejected and countered the same $2800 price again. I rejected their offer and wrote a message saying the price was $2800 originally but since then the price has increased. So I countered them at $3800 and they accepted, paid immediately and domain was transferred to them within a few hours. Made myself an extra $1,000 simply by showing I wasn't messing around.

 

[karmaco]

Without knowing the name or quoted price it’s impossible to know. Do not post it here. Do not act desperate. If it’s got that much interest hold, be patient and wait for legitimate offers. I would not chase anyone. If it’s a good name they will be back.

 

[gilescoley]

Sounds like someone just messing around. Serious buyers dont do this.

 

[MapleDots]

They do that all the time, they want to see if the quote varies. Putting it up or changing it all the time will cost sales because the seller looks flakey.

You do what works for you and i will do what works for me. At this point in my career I am confident with my business style.

 

[Brands.International]

you do not need to do anything....if they really want your domain, they will contact you again, sooner or later

 

[.X.]

I had a similar case where I got 7 inquiries on one domain. I raised the price by $500 with each inquiry. I figured it was the same person. I finally got an email entitled WTF. I responded back and said I could say the same and the price has just increased by another $500.

I did end up selling it but I originally said 5k and ended up selling it for quite a bit more.

I am currently negotiating with a company from Switzerland as well and it their fourth inquiry, I just quoted 4k more. They will either walk or buy before it costs them more.

I like your style @MapleDots

Game players get played

 

[Memomax]

Without knowing the name or quoted price it’s impossible to know. Do not post it here. Do not act desperate. If it’s got that much interest hold, be patient and wait for legitimate offers. I would not chase anyone. If it’s a good name they will be back.

Yes, I didn't post the name to not look desperate :D I guess I've to wait.
Thanks Karmaco

 

[alcy]

yeah... well... its always nice to get inquiries.. but many simply do not convert. happens to all of us.

the bottom line often is that if buyer really wants name.. he'll chase you.. not you chase him.. but... even this is not bulletproof and sometimes its nice or needed to chase buyer... maybe with weaker names etc..

call afternic broker.. especially since you got the inquiry there.. ask where it came from and for how much offer was... they tell u this.. then ask broker to check history if they dealt with buyer before.. they often tell u this too..

then build on that.. its very reachable and simple to contact afternic brokers. by fone.

gl

 

[.X.]

They do that all the time, they want to see if the quote varies. Putting it up or changing it all the time will cost sales because the seller looks flakey.

I don’t really care what they want, it is my name they are inquiring about buying, I don’t do any outbound , inbound only, a lot of names I own I am not especially looking to sell anyway, I have a lot of “make offer” in the market places for just that reason, if someone requests a price, I give them a straight up price, I will negotiate a “little” not much though. None of that back and forth negotiating several times. If we can’t get it done in a max of 3 communications, then I shut down communications.

 

[MapleDots]

last year I had an offer through undeveloped, we countered back and forth and agreed on $2800. They failed to pay in time and the sale was cancelled by UD. A week later I got a lower offer from them than the price we agreed on, I simply rejected it and did not message them. Then 2 days later I got an offer from the for the same price originally negotiated, I was getting pretty piss$d off at this point as I don't have time to dick around. I raised the price to $3500 in a counter offer which they rejected and countered the same $2800 price again. I rejected their offer and wrote a message saying the price was $2800 originally but since then the price has increased. So I countered them at $3800 and they accepted, paid immediately and domain was transferred to them within a few hours. Made myself an extra $1,000 simply by showing I wasn't messing around.

You and I have very similar styles, I figure time is money and my $500 increase when I get dicked around has had a surprising success rate.

 

[urlurl]

It is big ego nonsense, will cost all a lot sales. You don’t jack up the price every time a customer walks in.

why not, i do

 

[IMEZI]

I had a similar case where I got 7 inquiries on one domain. I raised the price by $500 with each inquiry. I figured it was the same person. I finally got an email entitled WTF. I responded back and said I could say the same and the price has just increased by another $500.

I did end up selling it but I originally said 5k and ended up selling it for quite a bit more.

I am currently negotiating with a company from Switzerland as well and it their fourth inquiry, I just quoted 4k more. They will either walk or buy before it costs them more.

i really like your ways to beat those pushover LOL

btw @Memomax if you already know the companies you should research and find their competitor, try to offer your domain to your competitor as well. If you want to heat up the competition, you could place your domain name on single page website lander showing : Coming Soon, Be Patient For The Next BIG Thing!!!

LOL

 

[gtldomainer]

I just hope you don't get another email, selling a similar domain with some silly prefix/suffix. .

I've one such experience.

 

[dande]

Stop chasing. Hold and wait. They will come back

 

[.X.]

It is big ego nonsense, will cost all a lot sales. You don’t jack up the price every time a customer walks in.

Serious buyers don't play these games, so players get played, I get BS inquires, instead of raising the price, I just tell them the name is not for sale, To Them

No Ego here

 

[Memomax]

you do not need to do anything....if they really want your domain, they will contact you again, sooner or later

I Agree :D

 

[IMEZI]

if your domain name were not trademarked, if your domain name is common word you might add some competitor product as background on your coming soon page

 

[jamaltq]

I have received 630 Inquiries through Uniregistry, with only one success sale.

 

[Memomax]

If you responded to them already, there is really nothing more you can do.

I would just continue to follow up with them periodically to see if they are still interested in the domain name. Inbound inquires are the best =)

-Omar

@Omar Negron I do follow up with both English and Chines in the same Email, I send an email every 2 to 3 days and total of 5 emails to be sent, am I right?
BTW I like your blog&YouTube channel thanks for the content you upload :D

 

[jamaltq]

@jamaltq Thanks for sharing bro

You always welcome

 

[Ostrados]

Do nothing and stick to your price, if you have a serious buyer he will come back.

 

[equity78]

Sometimes buyers act erratic, I remember years ago, I had a Chinese buyer, they send an email, I tell them price they reply

Thank you for reply.I really also want to according to your price to buy this domain,
But we're just a family workshop in the company, if buy it according to your this price, I think I'll have to go bankrupt ，he he，so I can give is the price of this side up to $800.

Thank You

Ok I will accept that, and then I get,

I am sorry.We found the domain lydoo.com.cn only need about $240 , so we could choose this domain name.Beacuse in China .com and .com.cn for us don't have too big difference, but your price difference is very big, if your price can near lydoo.com.cn this domain , we are sure will still choose you.

So I replied you said $800 I agreed, it's that or move on. Nothing for two months and then they agree but they don't understand Escrow.com, I walk them through and then eventually the transaction gets voided as they never paid and three weeks later GoDaddy sends me

Your Domain Has Sold

But then a new nonsense starts, the name was at Name.com, I get their code and push, Go Daddy called me saying that the buyer from China, is saying he does not have access to the account and is threatening a chargeback. Go Daddy said that I could push the domain to a house account they have with Name.com.

Finally pushed but it took forever. One of the most difficult deals for not a lot of money.

 

[werejack]

Hello namePros members

I've some domain names parked at uniregistry using for sale landing page, and recently one of them Got 12 Inquiries in 4 days, from 3 Chines companies, I searched all of them and found that one of them is so big, I asked them to make an offer but they asked for the price I thought they might need to know the price range first so they don't make a higher offer, so I sent a price quote to all three companies and I didn't hear back from any of them for almost 12 days, I followed up asking if they're still interested in the domain name and still no response for 3 days now, so I need your advice guys,
should I use uniregitry brokers as they can speak chines??

Notes: - the domain got an inquiry on afternic also.
- My asking price is lower than other domain extension with the same keyword.

What should I do guys??

Will add a comment even though the post is almost 2 weeks old.

The sales process has in some reported cases on Domain platforms and Domain blogs that documented a sale involving direct negotiation with an end-user has been known to go back and forth for weeks or months and certain times a buyer or a seller may even be quiet for weeks during the negotiations. it has been known to happen.

Sadly I can not advise what to do (contact them or wait for them to contact you) as I do not have first hand experience in such a case.

Best of Luck

 

[winst]

Let me clarify, I don't think everyone is playing games. I have since sold many domain names to Chinese buyers via Escrow.com, PayPal, even 4.cn without problems.

I'd caution that, I think, every situation is different. For my post above, there must have been an announcement for a new company or something back then, and local domainers raced to contact me and offered me lowballed offers, hoping to do quick flips. Some of them even claimed to be from the company (but all used generic free email addresses). Today that company is selling on JD.com and not even on its own website. I don't really care anymore.

Another example, I got a flurry of inquiries recently within days for another domain. After quick research, they were all seem to from the same group, but they forgot to talk to each other: One was from the close advisor of the CEO, one was from an IT director of a PR agency, one marketing manager, and the company's legal counsel. Each tried to use different languages but with the same low budget. Instead of increase my price with every inquiry, I just gave them the price that I think it is REALLY worth and walked away.

I'm at a point in my life that I don't need to sell to maintain my portfolio.