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We have discussed responses to lowball offers - some ignore, others try to negotiate with low expectations and sometimes get surprised.
But what happens when you have a domain listed for say $750 at Godaddy or SEDO and you receive an inbound inquiry on your EFTY page for $5000? Do you counter for $7500, accept immediately or question if the offer is legit?
Because I have a number of Spanish domains I often receive offers from individuals in Spanish-speaking countries who may not understand the English text on the landing page (perhaps I should change the text but would prefer a bulk tool to do so - just not across all domains because I have English and Portuguese domains as well). Sometimes I receive offers which are far above what my Godaddy list price is presumably because the potential buyer is thinking in their local currency.
Well, today for a two-word .COM English domain I received an offer six times the Godaddy list price which is $XXXX. Since the offer came from a foreign country, I suspect the buyer does not read the English text which states offers must be in US dollars. So my response was to confirm that their offer is in USD (expecting their intention was to offer in their local currency).
But what happens when you have a domain listed for say $750 at Godaddy or SEDO and you receive an inbound inquiry on your EFTY page for $5000? Do you counter for $7500, accept immediately or question if the offer is legit?
Because I have a number of Spanish domains I often receive offers from individuals in Spanish-speaking countries who may not understand the English text on the landing page (perhaps I should change the text but would prefer a bulk tool to do so - just not across all domains because I have English and Portuguese domains as well). Sometimes I receive offers which are far above what my Godaddy list price is presumably because the potential buyer is thinking in their local currency.
Well, today for a two-word .COM English domain I received an offer six times the Godaddy list price which is $XXXX. Since the offer came from a foreign country, I suspect the buyer does not read the English text which states offers must be in US dollars. So my response was to confirm that their offer is in USD (expecting their intention was to offer in their local currency).