advice Got an offer for 5K for a LLLL . COM Counter or no?

[blogspotter]

Just when I am starting to get into domaining,
I just got an offer for 5 K from a godaddy broker on behalf of a buyer.
What should be my first response?

It is a short brandble .com

 

[ultradog]

If you counter an offer from them, GD brokers seldom come back with another offer.

 

[blogspotter]

If you counter an offer from them, GD brokers seldom come back with another offer.

But you earlier said that If it sounds nice, it should fetch higher than 5k? Are you suggesting I don't counter, or counter in some other way. This offer is via a GDD broker.

 

[ultradog]

If it sounds like a word or name I'd be asking a price higher than 5k, for sure.

My comment about GD was to the person who seems to think they get the most out of buyers. So yes, you need to be asking a good price; but in case they don't respond with another counteroffer, make sure you've got a way for a buyer to reach you directly -- like a page lander or public Whois information, besides having the domain listed on the big marketplaces. Even the same buyer might try again but might use another method of contact.

 

[donames_11]

I always give a response to all offers, the buyers are also testing how deep the water is and how experienced the sellers are.
An offer can start at $900 and finally close at $7000.

 

[johnn]

I never accepted the first offer as they think their offer is overprice and walk away with cold feet.
You have to make them feel like they get a bargain by counter offer and settle at a lower price than your counter offer.

 

[Altoz]

The last domain I sold, the initial offer was $200 and ended at $5000 (NLLLLL.com)and no broker fee.
Found me via landing page. Counter offer for sure. $5000 initial offer is great start.....

 

[BrandVenue]

Since the buyer is willing to pay commission and fees I assume the offer came from GoDaddy domain buy service. If that's the case then you should definitely counter. GoDaddy domain buy service initial offers are almost always not the highest offer. I've sold a two word brandable domain where I countered almost double of initial offer and it was accepted by domain broker immediately. I think I could've gotten more.

$5k initial offer is good, I think $10k - $15k counter offer is fair. You can also ask questions or take suggestions from domain broker, they are very helpful.

 

[frank-germany]

Just to add buyer is willing to pay all fees and brokerages

standard

and now I think, too
you should ask for much more

 

[gemstar]

I really don’t know how we can be throwing numbers around without even knowing what the name is. Sure we can say get the most you can but there are many factors to consider. If you get too greedy your stuck with a name and no cash. As one big business man said. In a competitive market sell low but high volume then you will make more than the one who waited to sell high .
I still say unless your name is universally compatible take the money. You’re more safer with 5k in hand than a string of code collecting dust

 

[forge]

On what planet did you experience this? When contacted by a GD broker with a buyer interested in a domain of ours, we'd be lucky if they came back with any negotiation at all. As a result we are not quick to respond to those missives.

I'd have to agree. In my experience, with Godaddy "Buy Service", their broker did absolutely nothing on my behalf as a seller.

 

[Windoms]

Im late.

DUDE, GD brokers are the most open.
Don't you dare counter only 10k.
Hit 10x, 50k.
They will go back and forth with buyer until deal is done.
Buyer is not shying away when they are in contact with broker. GD brokers are very professional they will make sure buyer makes another offer and present it to you.

Also 5k opening offer from broker is a lot.

Here's how it goes down with GD broker.

Broker: My name is xx I am a broker at GD etc.... I have a buyer who would like to offer $500 for xxx.com. Is this domain for sale, what is your asking price?

me: Hello, we can sell $5,000 buyer pays commission.

Broker: I shared the info with buyer, their maximum budget is $1000. You will net $800 at this price.

me: let buyer know we are willing to close at $2500, commission included.

Broker: client advised that their final offer is $1500. They are able to pay today but will be moving on if this does not work. You will net $1200.

If buyer refuses 5k and broker offers $1000, don't drop to 2.5k it's a mistake, drop to 4 or 4.5k and see the answer.
If broker says buyer is about to leave the boat then stop messing around and take the money if you are happy with it.

 

[Windoms]

50k, assuming the domain could be worth it, of course.
like lovn.

avhe, no.

 

[Altoz]

I really don’t know how we can be throwing numbers around without even knowing what the name is. Sure we can say get the most you can but there are many factors to consider. If you get too greedy your stuck with a name and no cash. As one big business man said. In a competitive market sell low but high volume then you will make more than the one who waited to sell high .
I still say unless your name is universally compatible take the money. You’re more safer with 5k in hand than a string of code collecting dust

Just the fact that he got $5000 initial VERY strong offer indicates, that the buyer is serious and want's it...

 

[Bname.com]

The quantity and quality of a domain name determine the price of a domain name,
The most important thing is luck

 

[rajdomains]

You have received an offer from GoDaddy broker, which means they have purchased GoDaddy brokerage service to enquire about the domain. You must counter a decent price near their offer.

 

[Pazu]

Counter and if they don't counter back, you can still accept their initial offer if you want.

 

[Wesley S]

say $7500 firm. I think that is the true value since they started with $5k. good luck. Update us. ty.

 

[Windoms]

Domain buy service is not broker presenting an offer.
Its buyer paying GD to have a broker negotiate the best price within 30 days. By terms, doesnt mean buyer has 30 days to wait after you.
GD brokers are professional, they wont let buyers get confused because of your countering.
Thats why I said if broker doesnt say buyer is about to move on, you can still go back and forth as long as you know how to communicate.
If you dont know how to communicate/negotiate properly, ask someone in PM.

 

[4better]

An initial 5k offer means something. I did receive before a 5k offer and it was a brandable name. Countered 30k and buyer kept silent. I kept silent too but buyer came back after a week then offered 6k, next 7k, then 8k and finally he made his final offer at 8.5k which I accepted. Negotiation took about one month but it's worth it. In your case, if I were you, I would counter high.

 

[gemstar]

But your buyer could have just walked away and you would have nothing. I really don't understand the need to squeeze someone for a little extra when the goal is to get a buyer and sell. I would take the 5k and turn it into 10k