discuss Got greedy, egoistic and lost a deal

[Arpit131]

I hand registered a domain name recently which was one of the initial few .co domain registration just as an experiment to see if they work for me.
I saw that there were some companies on the same domain name in the country code extensions and I was pretty sure that I struck upon a decent name.
Why?

Because it was a popular term, easy and common to use and could have multiple end users. Having researched a little bit more about the possible end users, I registered the domain name and started with outbound marketing.

I carefully drafted the email for each of these companies and sent them a "Make an Offer" proposal.
Received a $199 offer from one of the leads.
I started with $1,199 and the buyer went upto $399.
With some back and forth negotiation, I stayed firm at $699 and the buyer stayed at $499.

I was willing to take the $499 offer as well and it was only a day after registration, so that was like easy $500.
I didn't give in and let my ego into this. Lost the deal.

Take away: While every deal may be different, if you are willing to accept an offer, take it! It is better to accept an offer and move on to better names than waiting for a small difference which doesn't even matter much.

Any questions are welcome!

 

[domainer111]

Happens. I have heard of people losing $100,000 deals in early 2000s never to hear from buyer again and sitting with those domains even now. So, you know, sometimes a bird in hand is better than two in the bush.

Or perhaps even three!

 

[elevator]

Sales once lost does not always meant greed; but greed is when your domain's worth is not commensurate with the price you are selling.

I have read many thread here on name pros and I understood that no matter the time of the reg, be it new or old; sales worth are determined by the quality of the domain name itself. I have seen someone sold names; new reg on the second day for very good four and five figure at many auctions.

Losing that sale does not meant you are greed and that you can not sell it again.

Most important thing is the quality of the name in sale. Please never mind for the loss, the best is yet to come.
It seems you are considering your present pocket and considered yourself greedy which may not be so, just keep calm and wait patiently.

I have also lost a sale this year as we could not reach a particular price.How can buyer just have it at the price of their choice and not ready to come in to agreement with the domain owner. To me it meant they are not really ready to buy the name and that can not be termed as greed. There must be back and forth if they are ready to acquire the name.

So I don't consider it as greed at all. IMHO. Cheers

 

[elevator]

Or perhaps even three!

Domaining is not like that now!!

 

[elevator]

Happens. I have heard of people losing $100,000 deals in early 2000s never to hear from buyer again and sitting with those domains even now. So, you know, sometimes a bird in hand is better than two in the bush.

And so you think that is the end of selling the name. That domain may at the end fetch them six figure. This is business and not "let me sell as comes" matter.

Look if you have a good domain at hand you should not just sell any how as you may not get such good one easily.

 

[elevator]

Those that are having big sales are conservative and you can not have a good sales at first attempt without any good back and front negotiations

If your domain is good one, be prepare for good negotiations with end users and if you are not happy with the price you may opt out and reject price at will.

 

[namemarket]

Lol.. His sales are out of the world. It might be a numbers game. It probably is.

No doubt about it being a numbers game combined with luck. Not just with Mike Mann but places like Uniregistry selling their owned names for amazing prices. Sometimes we see incredible 5 figure sales on names which would not sell for $200 on a forum, or even reg fee.

It's because if you own 100s of 1000s of names by luck occasionally some business will come along who simply must have that name for a new project or maybe they are upgradng the extension such as going international from a country code to .com and are very well funded and don't care about a quoted high price.