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

 

[Windoms]

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

avhe, no.

 

[Mister Funsky]

I have not read the whole thread since I spotted it first but I saw a response touting how 'great' things could be with their broker service. There a couple posts about how professional they are, and they may be overall, but the last couple contacts from them regarding as many names have been less than useful. I countered on the inquiries and never got a counter offer or response (my counter to the initial offer was reasonable). I eventually (within 6 months) sold two of the names as the interested party(s) finally sent me a direct message through the place I had them parked. So, the 'brokers' at gdaddy may be great, but I had a couple of less than impressive experiences. I would imagine they are much better now that some of the people from Uniregistry have come on board.

 

[MA000]

please, let us know the updates .. have you countered or accepted ? ^_^

 

[uzver]

So... Any updates on this? Curious

 

[blogspotter]

Well it didn't work out

 

[uzver]

Well it didn't work out

It was an entertaining read regardless, and I wish you good luck with the future sale

 

[blogspotter]

Forget about TMs, they're meaningless in this equation. Focus on getting your domain sold!

Of course. I was replying to one of the comments that asked if there are any recent trademarks.
I have owned this for 8 years and none of the trademarks for the work, but a combination. I was talking about how the particular LLLL is being used as a brand.

It is pretty good actually. I would hapillly have shared if it wasn't for the negotiations

 

[lock]

If your descriptions is it spells a word then no don't sell 5k. I don't know what it is so hard to give any advice but it might be worth more and it may also not.

 

[blogspotter]

I will keep this thread open as my first domain negotiation experience
Let us see how it holds ups

 

[blogspotter]

accept the offer as long as you need the cash !
please, don't risk with losing cash that you need for urgent business !

Thanks. I don't need the cash for urgent business, but then there are tons of domains in the 100-200 range that I would want to buy too..., so this is worth thinking

 

[blogspotter]

Take the money and run unless they are asking you to provide an appraisal then it's a scam

WOuld an appraisal scam come via a godaddy domain broker?

 

[forge]

WOuld an appraisal scam come via a godaddy domain broker?

Absolutely not.

 

[ultradog]

Always counter. If its through a Godaddy broker I'd tell them to try to get as much as they can and close the sale. They are very experienced and will do what they can to get more from the buyer

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.

 

[blogspotter]

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 am not sure what you are trying to say?

 

[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.

 

[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.

 

[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.

 

[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

 

[The Durfer]

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.

 

[CobraKai]

Just ask yourself "How bad do I need that 5k?" Then you'll know what to do.

 

[gemstar]

Everyone needs that 5k. That's why we are in business .

 

[Jv1999]

It depends on the LLLL.com name

LOVE.com - No
ZXKW.com - Yes

This is the epitome of advice lol. Short, sweet, but a wealth of everything!

 

[Shojib]

lovn. Com

Counter