How is this offer?

[cama-bie]

hello, as i am anewbie here i jsut wanted to ask guru domainers.
I just received an offer at sedo for MiBanca.com at 60 euros.
What would you do? Sell it? or ask more?
Thanks.

 

[nielsencl]

It's hard to give advice since so much depends on the buyer.

The first question you have to ask is how the price makes you feel? If you are making good profit at that price, then you should be able to sell it and not have too many regrets. I think too many people reject buyers waiting for the big money that may or many not come. If you think the price is low, and you can wait, then it may make sense to do so.

But most buyers are not going to tell you their highest price to start with, and since they have contacted you, they want the domain. The question is how much do they want the domain...??? And, how much would most people say the domain is worth?

If you think it's worth more, then you should let them know, BUT you should do so in a professional manner. If you say you want 5,000 euros or even 1,000 euros, then that may make them angry or give up and go away since there is so much difference between that and what they offered. But if your domain is really worth that much, then it's fine to let them know that.

See what the other TLDs are doing. Do they have sites? Are they offered for sale? What are the prices they are listed at? You can often use these to help you. If the .net is listed for 200 euros, then it will help you to raise your price. If none of the other TLDs can be registered, it also helps your price.

Let's say you think your domain is really worth about 250 euros. What I would do is respond to the buyer with as much positive things as you can say about the domain: it's a .com, it's short, it has so many OVT searches per month, it has links, it has PR, it gets x visitors a month, the domain is x years old, and it earns $x a month.

Say all the positive things you can, and then let them know that you really want to sell it, but you think it's worth say, 400-500 euros. And tell them to let you know what they think so you can set a price that's reasonable.

Then you need to see what they say, and start negotiating with them. Don't be insulted if they offer you 70 euros. Just lower your price by the same amount to 380 euros, or you can got lower if your target price is lower. Just be firm, friendly, professional, and not greedy and you should get a good price for your domains.

So, to summarize:

- Learn as much as you can about the market for your domain.

- List and explain every positive point about your domain.

- Set a price that will make you happy, then set a higher asking price.

- Don't be greedy, but be firm, friendly, and professional.

- NEVER be insulted by an offer or by a price. It will allow you to either counter effectively or to walk away from a deal, which we all have to do sometimes.

- Don't regret the sale! If you set a price that can make you happy, then don't ruin that feeling by thinking what might have been if you asked for more. If you have learned something, then the next time you can remember that for the new deal and ask for more.

 

[Len]

Do you know that Mi banca is Italian for 'I bank'? I personally think you should counter offer on this......I cannot imagine anyone letting this go to auction for 60Euro's. This would be worth $xxxx+ if it was in English. JMHO

 

[nielsencl]

The seller's language is Spanish, not Italian, but maybe he should find an Italian buyer...?

 

[Len]

Maybe the buyer is Italian?

 

[duceman]

Send it to auction and see what happens.

my2c

 

[ivoy]

Doesn't it mean "My Bank" in Spanish? Very nice domain, IMO worth a lot more than 60 euros. Even as a ".com" I am sure you have an idea of what it is worth to you and I would not be afraid to counter offer presenting that amount. This is always a gamble, since you never know how much the buyer really wants it! But sometimes you hit a jackpot I myself, would not think twice about risking only 60 euros.
good luck!

 

[cama-bie]

What you say is pretty intersting, as i didn´t know Mi Banca has also a meaning in Italian. My language is in spanish. I am already receiveing some offers from NP members, everything seems i can sell this domain in a good price, but i dont want to get too high with it or all possible buyers will go away. Do you think BancaSegura.com can worth closer to MiBanca.com? When you say: "send it to auction", what does it mean? I am still a newbie domainer
Thanks again for your comments.

 

[duceman]

What you say is pretty intersting, as i didn´t know Mi Banca has also a meaning in Italian. My language is in spanish. I am already receiveing some offers from NP members, everything seems i can sell this domain in a good price, but i dont want to get too high with it or all possible buyers will go away. Do you think BancaSegura.com can worth closer to MiBanca.com? When you say: "send it to auction", what does it mean? I am still a newbie domainer
Thanks again for your comments.

IF your offer is at Sedo you can choose to send the domain to Sedo auctions. By sending it to auction the 'market' will decide the value. But you take the risk of the right buyer not seeing the auction.

One downside to this method is that you could end up selling the domain for much less than you think it is worth.

 

[moby]

Hi

How much will sedo charge on the - Sale, commision % or min. 50, 60 Euro ??

Maybe get a better offer on Namepros, if you don't have to pay a selling fee ..etc.

Its a good domain name. Best of Luck !

 

[cama-bie]

Hello moby, sedo charges you a 10% commision. But the domain is showing to more people i think.
Thanks for appreciating the domain, i think is good too :D

 

[thetruman]

Just a note. Banca is also bank in italian (apart from spanish) but mi banca in italian doesn t mean much (apart from a word game that would make it brandable).
So i guess the buyer is spanish and mybank makes a lot of sense to me (and is a very nice name).
60 sounds very cheap and I personally would prefer lose a sale for such a low price and counter offer. How much is difficult to say because you should work out who is the buyer. I would play high with this name lets say 5000$.
If the counterpart wouldn t be interested you have lost a 50$ profit that wouldn t have change your life. You might get at least another offer in between that could be satisfactory for both parties. Just my opinion though.

 

[buyauthority]

MiBanca.com
My Bank in spanish
Me Bank in Italian

Me no sell at $60. Send to auction and advertise fast.

 

[DNhub]

I would sell, just to clarify in spanish 'banca' means bench, bank would be banco with an 'O' at the end. Not much meaning in Spanish.

 

[dave9713]

My advice, send it to auction. Hopefully the right person will come a long and spark some interest. Sedo's commission is 10% of the final price.

 

[thetruman]

I would sell, just to clarify in spanish 'banca' means bench, bank would be banco with an 'O' at the end. Not much meaning in Spanish.

it can well be...thought in spanish would have been banca same that in italian...

 

[cama-bie]

Hello, thanks for the comments, in spanish you can perfectly say bank as banca or banco, with O or A. In some countries it is used more bancA and in others it is used more bancO. Banca is also used for gambling.
Thanks.