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Got a $800 offer for BLOCK / MX , should I counter or not?

Labeled as offers in Domain Selling and Domain Sales started by cixxy, Sep 8, 2018.

Replies:
61
Views:
2,822

?

Take Offer or Counter

  1. Take Offer

    30 vote(s)
    42.3%
  2. Counteroffer

    41 vote(s)
    57.7%
Total: 71 vote(s)
  1. cixxy

    cixxy Established Member

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    The first offer I got for my domains: 800USD for block / mx @ undeveloped from a mexican IP

    Try to counter for higher or just accept it?

    I had this domain for a week and I did only a little outbound with it. I had it priced at Undeveloped for 4888 USD.

    It would cover all my expenses for the 90~ hand regs.

    Not sure how countering works, if he declines the counter offer, can I still go back to 800 USD? Or does it lose the sale?

    Thanks.


    Similar sales:
    bitcoins.mx 530 USD 2018-04-15
    fragrance.mx 9,999 USD 2018-08-27
    wine.mx 25,001 USD 2015-11-09
    --
    block.sh 2,500 USD 2018-08-01
    block.club 1,533 USD 2017-11-05
    block.world 3800 USD
    block.co 5000 USD
    block.cc 4,950 USD
    --
    blockchain.in 13,500 USD 2018-04-24
    blockchain.ventures 42,000 USD 2018-02-27
    blockchain.academy 3,388 USD 2018-02-12
    blockchain.guide 180 USD 2017-12-29
    blockchain.ly 965 USD 2017-08-02
    blockchain.at 3,708 USD 2016-11-21
    blockchain.to 323 USD 2016-01-19
    blockchain.nl 2,253 USD 2015-08-28
    blockchain.fr 3,000 USD
     
    Last edited: Sep 8, 2018
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Eckhart

    Eckhart Book it now VIP

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  3. SheikhOvais

    SheikhOvais Established Member

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    Never accept the first offer even if you are okay with it.

    Counter with what you think is the right price and then go from there.

    Peace.
     
  4. cixxy

    cixxy Established Member

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    Thanks for the votes and advice so far.

    Since block . SH sold for 2500, I think it has potential to get at least 2500...

    I'm thinking about countering with 2500, which is something in between.

    I do that to people when I want to buy a domain, bid really low and expect to get an offer in between.
     
    Last edited: Sep 8, 2018
  5. ProDomains

    ProDomains Established Member

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  6. cixxy

    cixxy Established Member

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    lol exactly what I did without seeing your reply
     
    Last edited: Sep 8, 2018
  7. usernamex

    usernamex Moderator, NamePros Moderator VIP

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    @cixxy - quick edit out the buyer details just in case, simply retype your reply instead of the screenshot

    <-unx is paranoid of details botching a deal that is not yet completed
     
  8. cixxy

    cixxy Established Member

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    yeah good idea, done.

    My message:

    Hi [name], thank you for your offer. I can offer something closer to your budget. Previous related sales: block.sh 2,500 USD block.club 1,533 USD block.world 3,800 USD block.co 5,000 USD block.cc 4,950 USD Gracias.
     
    Last edited: Sep 8, 2018
  9. usernamex

    usernamex Moderator, NamePros Moderator VIP

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    Good luck - your counter seems fair although you might want to hold a while, your BIN seems quite reasonable as well. Yet if cash money now is more important, be happy with it and move to the next deal : smile :

    At Undeveloped, the counter will negate the $800 offer. Talked about this with @Undeveloped and they said that if the buyer gets a counter, then later you would attempt to go back to the original offer, the buyer very often still won't complete the sale at the original offer.

    Some of my domains have minimums and will get offers of the exact minimum, then after countering closer to my BIN, the buyer messages they don't even want to pay their original offer so it's helped me learn that offers aren't actually binding anyway.
     
  10. dhyane

    dhyane Established Member

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    If it didn't work , submit it to sedo crypto auctions. FAST
     
  11. MrAcidic

    MrAcidic Upgraded Member Gold Account

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    congratz on the offer (y)

    I personally would of gone a bit higher circa 4000 as you have dropped your price by nearly 50% which is a BIG drop and not left a lot of room for negotiation

    Let us know how you get on.....
     
  12. cixxy

    cixxy Established Member

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    Thanks for the advice and sharing your valuable experience. I believe this offer was genuine because 800 USD is no small amount though, right?

    Cool, is there a section on sedo for crypto only? I haven't used their auction system before.

    Thanks for the nice words & your experience. I presented some facts

    and due to that I had to let the price be a more reasonable one. 4000 is quite ballsy haha, I didn't want to risk losing a sale, hopefully my words were courteous enough.
     
  13. cooljub

    cooljub Established Member

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    Why not?
     
  14. MrAcidic

    MrAcidic Upgraded Member Gold Account

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  15. dhyane

    dhyane Established Member

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    Check this thread
    https://www.namepros.com/threads/sedo-upcoming-crypto-domains-auction.1097290/
     
  16. cixxy

    cixxy Established Member

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    Would it be ok to submit it anyway if he doesn't come back to me soon,, I mean is it possible to cancel an ongoing sedo auction?

    Also I don't see a button to apply: https://sedo.com/us/about-us/news-press/newsroom/crypto-domains-auction-september-13-20/

    Also, I have Exchange.bz which would be great for this :D

    Great article thanks.
     
  17. dhyane

    dhyane Established Member

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    Just submit for auction. Only if they accept it will go for the auction event. But submit fast. I think it starts on SEP 13.
     
  18. cixxy

    cixxy Established Member

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    I see, so you just submit any domain for auction and if they think it's suitable for the crypto auction, they will put it for that section.
     
  19. Deepak Bhandari

    Deepak Bhandari Established Member

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    Go with counter..
     
  20. NicTraders

    NicTraders Upgraded Member Gold Account

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    I don't usually go for sedo auctions but from memory when reading their info recently, if you're submitting for an auction event you have to guarantee it won't see elsewhere in the next few days while they review it. So that might negate any negotiation you want to do with the offer on undeveloped. Obviously you can let him know he can bid in the auction, but just worth considering the possible ramifications of closing the current negotiations with him.
     
  21. cixxy

    cixxy Established Member

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    Ah I see thanks for the info. So I have to disable the pages on Undeveloped once I submit it for auction?

    I already sent a ticket to Sedo asking if they could open a crypto auction for me since I saw no button anywhere for it specifically.
     
  22. NicTraders

    NicTraders Upgraded Member Gold Account

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    I would assume you just need to disable the BIN and I guess you can't make a sale to the current offer-er. Someone with more Sedo experience might confirm.
     
  23. CarlosN

    CarlosN Established Member ★★★★★★★★★★

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  24. MrAcidic

    MrAcidic Upgraded Member Gold Account

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    From a sales point of view - always counter offer if you don't then every time a offer comes in and you accept then you are potentially losing money

    If you don't want to negotiate then set a BIN price.......
     
  25. Windoms

    Windoms Established Member

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    Sedo says once you start an auction you can't sell the domain elsewhere.
    So just list the domain as make offer with no buy now prices on other websites.
    Redirect the domain to current sedo listing. that listing will automatically become auction page when it starts.
     
    Last edited: Sep 8, 2018

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