NameSilo

How Much?

Located in Domain Beginners started by Lewstar, May 25, 2019.

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7
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  1. Lewstar

    Lewstar Established Member ★★★★★★★★★★

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    l’m a relative newcomer to domaining and still learning the ropes—l hope.

    After four months, l sold my first domain name, to a Belgian, who saw on Whois how to contact me.
    From the beginning, l have submitted names to the Request Domains thread with no luck until this week—and then, believe it or not, l received three replies in three days, one a day, about my domain names.

    The replies are more or less the same: “How much?” I like the idea of a potential buyer showing interest, but l hate the idea of making the first move, i.e., quoting a price. I would like to quote four figures, but l know l’d very probably be pricing myself out of a sale.

    Is there a response any of you use that doesn’t quote a price but rather throw the ball back into his/her court—like, “What do you think is a fair price?” Or, “Negotiable—what is your budget?”

    I like the idea of Make an Offer/Counter Offer—but that doesn’t seem to lend itself to this type of thread. l could quote GoDaddy’s Appraisals—but to me they seem quite inflated.

    Would really like to know how you handle the initial “How much?”
     
    Last edited: May 25, 2019
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  2. mr-x

    mr-x Acme Domains Gold Account VIP ★★★★★★★★★★

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    Automated appraisals are more like suggestions. Software doesn't understand nuance or culture or even language.

    You can use namebio.com to find the sale price of similar domains. Checking the venue where sold, if the name is for sale again will help you determine if a domain sold for resale or to an end user..

    Sale is a sale, congrats.
     
  3. Lewstar

    Lewstar Established Member ★★★★★★★★★★

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    Thanks for the most-helpful info.
     
  4. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP

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    My personal view is if they ask for a price you should give them a price. You can hedge your position a bit by the first price being higher than you really consider worth, perhaps also saying that you are open to consider reasonable offers which would help them not be scared off by your high first price.
    Bob
     
  5. Silentptnr

    Silentptnr Hey From L.A. VIP

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    You could try indicating that your price is negotiable and that you are comfortable with a price within the stated budget of the op.

    You could even indicate that you feel your domain would be at the higher, middle, or lower end of the stated budget posted by the op.

    Hope this helps.
     
  6. Lewstar

    Lewstar Established Member ★★★★★★★★★★

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    Helps very much, my friend. Thanks for the polite and considered response, which l will try. Certainly beats offering an arbitrary number based on no research or facts/figures.
     
  7. lock

    lock Traffic.tools VIP

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    What does the relevant sales history of similar domains tell you? Have you looked yourself for an end user? Valuation for an end user would be a lot more but if your wholesaling the domain name what is the lowest you will take then add some.
     
  8. greatwebss

    greatwebss Blokish.com VIP ★★★★★★★★★★

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    I always give the price.

    I use namebio for relevant sales, exact searches, CPC, other domains registered with this term, other registered extns and try to find the buyer's purpose.

    From this i made many sales. Some reply with 20% of my quoted price and most ended with 50% to 100% of my quoted price. (After my price around 15% never come back, 10% ended with no sale, 75% with sales. But most of my prices ranging from 500 to 3000) almost all of them are hand regs
     

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