How dangerous is it to counter offer at Sedo?

[Shaniqua]

I got a $1,300 offer today at Sedo for one I bought at Go Daddy two weeks ago. I never sold anything this high before. Nowhere near this. When they offer this much is it their top money?

This domain is nothing real big I don't think, but it really would be someones number 1 choice if they needed it. The .net and others are at Go Daddy if they want it instead. I would have sold it for $50.

when you guys ask for double what they are offering does that scare them away?

I should take the money because the gas and stove and hot water is going to be shut off soon. we owe $700. i just dont know how far to risk losing this offer. the power is going to be shut off next month i am sure so getting more from this offer would help! I don't know what to do!

 

[Kassper]

Dude, let me ask you a couple of things... How the hell are you going to pay the bills next month... and month after that... and after that...

What put you in this situation?

Are you a hardcore gambler? - my first guess on your post is that you are, but can't be sure... :p

Are you an unbrakable optimist? - why don't you have enough money to pay the bills, but still you own domain names? :loveyou:

Are you without a job? - GET A NEW ONE - you CAN do it! :kickass:

Do you have a massive domain portfolio? - highly unlikely considering this is your first offer on sedo and you're asking here about it.

And finally, how would you pay the bills without the domain sale? You would find a way anyway...

MAKE A COUNTER OFFER - in mid 2k range

 

[gazzip]

That is on a portfolio of around 16,000 names.

Holy Cow, and you have more that one sedo account by the sounds of it , that's alot of names....and renewals

When did you start domaining Smith, in the 80's ?


.

 

[XYdomain]

counter to the range of min 2k, if not take the money.

We normally counter an offer, usually by about 5x-10x the opening.

This year we've had 103 offers in one sedo account, of that:

We cancelled the offer 35 times

They cancelled the offer 26 times

we closed a sale 42 times, avg sale $1500


If it is a lower quality name, make a lower counter offer, as as you're in a tight place financially, go even lower, counter with $1800 maybe settle for $1500.

Don't get greedy, or you'll end up regretting that you did and you don't have the volume of sales (as most people don't) to make up the difference.

Good advice.

There is a reason why the buyer offer $1300 and its clearly he know you might counter offer. If you counter to $1500, the buyer might take it or keep still there and final offer to you as $1300 becos he know you might sell for $1300. Counter to $2000 is better in this case so the buyer might offer or take for $2k, $1.8, $1.5 or worse but not the worst case for $1300.

If you are worried, why not get the $1300 and get a good night sleep given that you think is a $50 worth name in the first place.

As far as it happen to me when i want to buy a name, one big company counter offer me and raise the price EVEN WHEN THEY PUT A FIXED PRICE ON IT ALREADY AND THEY CHANGED THE PRICE.

And i never deal with that company.

Cheers

 

[snoop]

Would take the offer, given the apparent low value of the domain, the size of the offer and the fact that it isn't a very round number it wouldn't surprise me if they were offering at or close to their budget. Don't forget to to take a look at the buyer info in Sedo showing country, signup date and activity levels. It may give you an idea on who the buyer is.

Personally I found the idea of always countering is hit and miss. I've countered 50% above offers in the past just to try and get a bit more money (even though I would have sold at the first offer) and it is not uncommon for a deal not to happen (maybe 30% of the time). Sometimes as soon as you counter they will just look for something else, even going back to them a week or two later saying you'll take the original offer and they have gone with something else.

 

[ComKid]

On a $11 investment with bills owed.... a $1300 payday looks pretty good. If it were me, regardless of financial standing I would lean more towards pulling that cash register handle. There's nothing like that sweet sound of 'cha-ching'.



Do some research first. Look up how many searches the keywords get with this tool https://adwords.google.com/select/KeywordToolExternal?forceLegacy=true

Then see if there have been any similar sales with these DN Sale Price- Domain Name Sales Price and History

http://www.namebio.com/

Domain Name Journal - The Industry News Magazine at DNJournal.com

Cross reference and then decide if you want to take more risk. Just don't put off what is more important, such as family and bills for a flip of the coin.

 

[ssamriga]

I'll have a "case study" to present soon. The name in my sig got an offer on Sedo yesterday of $250, I countered with $1900, they countered with $350, I countered again with $ 1850 and a note that I would send it to auction at $1000. I am 100% sure I will not sell the name for less than $1000, so we'll see how motivated the buyer is.

I am betting though, they will cancel now after my second counter

P.S. Advice to the OP- if you've described your circumstances correctly then TAKE THE MONEY AS QUICK AS YOU CAN!

 

[CDM]

I'll have a "case study" to present soon. The name in my sig got an offer on Sedo yesterday of $250, I countered with $1900, they countered with $350, I countered again with $ 1850 and a note that I would send it to auction at $1000. I am 100% sure I will not sell the name for less than $1000, so we'll see how motivated the buyer is.

I am betting though, they will cancel now after my second counter

P.S. Advice to the OP- if you've described your circumstances correctly then TAKE THE MONEY AS QUICK AS YOU CAN!

What happened ssamriga? i think telling them you will send it to auction at a certain price is not the best thing to say

also, to the OP ... did you take the offer or did you try to counter? don't leave us hanging!! :?