strategy How to Find Potential End Users?

[shilmy]

Hi,

Do any of you has regularly sell your domain to end users? If so, do you mind share with me in this thread on how find potential end users for your domain?

Regards,
Sjarief

 

[JoshuaPz]

not even if it was from Bill Gates himself
wait for the money and then release the domain.

regards,
tonecas

I disagree, but will not elaborate here because I think I've explained why I typically push first to end-users at least a dozen times throughout these threads, and why I believe doing so will actually earn you more cash in the long term than not doing so.

 

[tonecas]

I disagree, but will not elaborate here because I think I've explained why I typically push first to end-users at least a dozen times throughout these threads, and why I believe doing so will actually earn you more cash in the long term than not doing so.

elaborate if you please

if you intend to sell more to the same buyer or if you want to build a reputation as a seller of domains i may agree with you. but do you expect that different buyers will know that they have bought from you and that you send the domain first? if you present yourself like BuyDomains i thing i see your point.

also, the payment is by check and payments by check makes me feel a chill down the spine...

regards,
tonecas

 

[JoshuaPz]

elaborate if you please

if you intend to sell more to the same buyer or if you want to build a reputation as a seller of domains i may agree with you. but do you expect that different buyers will know that they have bought from you and that you send the domain first? if you present yourself like BuyDomains i thing i see your point.

also, the payment is by check and payments by check makes me feel a chill down the spine...

regards,
tonecas

Please see mini-dissertation on this subject from the following thread:
http://www.namepros.com/domain-name-discussion/608722-end-user-sale-push-before-payment.html

Also the opinions of 2 top end-user sellers (Wire and Federer) on the same question earlier in this thread:

I've never had a problem dealing with business clients through paypal, and I always offer to push first to give them assurance. After all, I am the one they never heard of, not the other way around.

If the sum is over $1,000 I generally use escrow depending on the client.

I don't believe there is too much of a risk. Obviously for highly generic quality domains where sales would generally land in the $2,000 to $10,000 bracket, Escrow is without a doubt the best possible option.

I primarily use the PayPal channel to sell domains that I pick up for $5 to $50 and then resell for $500 to $2,000.

 

[skulldude]

I went ahead and just told them I would push first. I have pushed first when receiving payments via paypal but I haven't had an enduser send me a check yet so I wasn't sure if there should be anything else to consider or be concerned about.

I wanted to do it through paypal or escrow, but they insisted on a check. Something about how it had to go through their finance department and they would just send me a check. Checks make me a little more nervous, but I don't have much to lose I guess given what I paid for the domain. They are a pretty large company as well so I think my risk is very very low.

Thanks for the replies rep added to all

 

[mwzd]

Checks are pretty safe I should imagine.

Stopping payment on a check or bouncing it opens them up to legal liability.

A big company typically won't get into this, specially not for $800, its just a company lunch for them. But then again, this is based on your assumption of the size of the company.

 

[tonecas]

something i need to improve to take the overhead of mining domains is to automate the fetch of google adwords stats and other tools. does anyone use google's API for this? if not, what tools do you recomend to automate these stats gatering?

freshdrop seems interesting but i would like to have the functionality on my side to personalize to my needs.

thanks

regards,
tonecas

 

[krx]

I am finally getting my domain sales/portfolio site built. To get ideas I have been looking at a lot of similar sites. One thing that strikes me is that almost none of them tell you who the person/people are behind it. The "About" page usually says something about their experience and what they do but no names or business addresses. Anyone know why that is? I was going to list my name and business address on my site but maybe there are reasons not to ... ?

Also, has anyone got any experience using visa/mastercard and/or AmEx for sales? I've seen a couple sites with shopping carts that allow pmt via credit cards. Seems like something that might make for quicker/easier enduser purchases - not having to go through paypal or escrow that is.

 

[tonecas]

I am finally getting my domain sales/portfolio site built. To get ideas I have been looking at a lot of similar sites. One thing that strikes me is that almost none of them tell you who the person/people are behind it. The "About" page usually says something about their experience and what they do but no names or business addresses. Anyone know why that is? I was going to list my name and business address on my site but maybe there are reasons not to ... ?

be low profile. it's a rule that pays.

Also, has anyone got any experience using visa/mastercard and/or AmEx for sales? I've seen a couple sites with shopping carts that allow pmt via credit cards. Seems like something that might make for quicker/easier enduser purchases - not having to go through paypal or escrow that is.

you could use authorize.net. only used on the client side. all these things tend to give a more professional look to the seller.

regards,
tonecas

 

[Jingles]

Wow! I'm in the middle of pitching a name right now that is seeing some serious interest from a few different people. Here's the thing, the first person that responded with "how much" is now asking if I will hold the name for 24 hrs while he decides if he wants to purchase the name at my price or not, but I've got another "how much" from a different buyer sitting in my inbox right now that I have yet to answer.

Even though I had already told this first potential buyer that I would keep searching for a buyer until a definite sales agreement was reached, we're talking a possible $795 sale of a name I just paid $69 for yesterday!

Should I agree to a 24hr hold? What should I tell my other potential buyer who's still waiting to hear my price? I don't want to scare either one of them away!

 

[Fork]

be low profile. it's a rule that pays.

I'm not sure this is correct. Who wants to deal with a shady, no-name company? Provide your name, address, and phone number.

 

[copper]

Wow! I'm in the middle of pitching a name right now that is seeing some serious interest from a few different people. Here's the thing, the first person that responded with "how much" is now asking if I will hold the name for 24 hrs while he decides if he wants to purchase the name at my price or not, but I've got another "how much" from a different buyer sitting in my inbox right now that I have yet to answer.

Even though I had already told this first potential buyer that I would keep searching for a buyer until a definite sales agreement was reached, we're talking a possible $795 sale of a name I just paid $69 for yesterday!

Should I agree to a 24hr hold? What should I tell my other potential buyer who's still waiting to hear my price? I don't want to scare either one of them away!

Just don't reply to second potential buyer for 24 hours.
Tell first potential buyer that you will hold for 24 hours.

Or...
Don't reply to first buyer and tell second buyer your price is $1.5K.

Now, that's headache I would love to have :D

 

[krx]

Wow! I'm in the middle of pitching a name right now that is seeing some serious interest from a few different people. Here's the thing, the first person that responded with "how much" is now asking if I will hold the name for 24 hrs while he decides if he wants to purchase the name at my price or not, but I've got another "how much" from a different buyer sitting in my inbox right now that I have yet to answer.

Even though I had already told this first potential buyer that I would keep searching for a buyer until a definite sales agreement was reached, we're talking a possible $795 sale of a name I just paid $69 for yesterday!

Should I agree to a 24hr hold? What should I tell my other potential buyer who's still waiting to hear my price? I don't want to scare either one of them away!

Can you shoot your price over to the second party and give them an hour to respond? If you don't hear back right away give the first party a "right of first refusal" until tomorrow am. If the second party wants it in that time frame you can sell it to them in the morning, if the first party opts out.

No reason really why you can't keep both parties fully in play.

---------- Post added at 12:59 PM ---------- Previous post was at 12:56 PM ----------

I'm not sure this is correct. Who wants to deal with a shady, no-name company? Provide your name, address, and phone number.

That's been my inclination as well.

 

[Jingles]

Hmm, this is complicated...but I kind of like it! *lol* krx, I'm not quite sure what you mean by "right of refusal", but I do like the idea of letting both parties know there's some competition. Now, if I mention that there are other parties interested, should I start naming names for transparency? Obviously both parties interested right now are in the same niche so they probably should already know of one another.

---------- Post added at 07:04 PM ---------- Previous post was at 07:01 PM ----------

OMG!!! I just got 2 MORE emails asking how much!!!! I just KNEW this name was going to be hot!!!

 

[krx]

Hmm, this is complicated...but I kind of like it! *lol* krx, I'm not quite sure what you mean by "right of refusal", but I do like the idea of letting both parties know there's some competition. Now, if I mention that there are other parties interested, should I start naming names for transparency? Obviously both parties interested right now are in the same niche so they probably should already know of one another.

---------- Post added at 07:04 PM ---------- Previous post was at 07:01 PM ----------

OMG!!! I just got 2 MORE emails asking how much!!!! I just KNEW this name was going to be hot!!!

ROFR just means you won't sell it to someone else before the 24 hours period you've granted them to make up their mind ends. Not sure that I would tell them other parties are interested. That could backfire.

---------- Post added at 01:16 PM ---------- Previous post was at 01:11 PM ----------

Hmm, this is complicated...but I kind of like it! *lol* krx, I'm not quite sure what you mean by "right of refusal", but I do like the idea of letting both parties know there's some competition. Now, if I mention that there are other parties interested, should I start naming names for transparency? Obviously both parties interested right now are in the same niche so they probably should already know of one another.

---------- Post added at 07:04 PM ---------- Previous post was at 07:01 PM ----------

OMG!!! I just got 2 MORE emails asking how much!!!! I just KNEW this name was going to be hot!!!

Well now with three other parties showing interest I would not be extending any ROFRs to anyone! How bout an auction?

 

[Jingles]

Thanks for explaining that, krx. I'm still trying to figure things out here.

Yes, an auction crossed my mind, but how do I go about getting that started? Who should I tell to start the auction? What amount should I be looking at as a starter amount?

Um yeah, ok.....ANOTHER "how much" has just hit my inbox!!!!

Alright, this is really getting to be a bit overwhelming now. I now have 1 potential buyer still waiting to hear if I will give him 24 hrs and FIVE more potential buyers still wanting to know "how much" in addition to one of those people feeling like they're in the "twilight zone" because of the creation date in whois knowing that they have tried for this name in the past when it was owned by a competitor *lol*

Seriously, what do I tell all these people??

---------- Post added at 07:41 PM ---------- Previous post was at 07:19 PM ----------

Alright, I'm going to tell the first guy I just cant' do a 24 hr hold. I'm going to tell him of the other 5 potential buyers and tell him it's going to have to be first come, first served. I'm then going to email everyone else, give my price and hopefully I will be $700 richer by the end of the day.

Amazingly enough, I've probably only emailed about 1/4 of my list of possible buyers for this name.

 

[b2b]

Thanks for explaining that, krx. I'm still trying to figure things out here.

Yes, an auction crossed my mind, but how do I go about getting that started? Who should I tell to start the auction? What amount should I be looking at as a starter amount?

Um yeah, ok.....ANOTHER "how much" has just hit my inbox!!!!

Alright, this is really getting to be a bit overwhelming now. I now have 1 potential buyer still waiting to hear if I will give him 24 hrs and FIVE more potential buyers still wanting to know "how much" in addition to one of those people feeling like they're in the "twilight zone" because of the creation date in whois knowing that they have tried for this name in the past when it was owned by a competitor *lol*

Seriously, what do I tell all these people??

I would send all of them an email back with your asking price right away.

Because "Time is money"!

Seriously, it's just a waste of time waiting. The person that sends you an email back that he/she wants it, give them your paypal, transfer the domain, thats it!


After you complete the sale, I'm really keen to know what the name is. So pls share, if you may.

Good luck!

 

[shane mac]

I would put a little bit more on the table. Ask for $1500 and take it from there. With so many iterested you may get a yes right away, and if not then you can always accept best offer. I think your in a very good possition to milk this one.

 

[Jingles]

Ok, I've just emailed my first interested party. I'm giving him until 4 p.m. to make his decision. If he decides he isn't going to buy, or I don't hear from him by 4, I'm going to start returning the other emails and I'm going to bump up the price slightly. At this point I would have to say I can be quite confident that this is a good name to those involved in this niche, and considering that I still have a ton of folks to still email, I won't be risking too much with the slight price increase.

Well........that's what I'm thinking anyway, I hope I'm right.

 

[JoshuaPz]

Simultaneously send all inquirers who appear to be serious or represent $1M+/year revenue companies a price you'd feel very comfortable selling the domain for.

As soon as one says yes, e-mail the others saying you have decided to take the domain name off the market for now.

If you receive no straight-out yeses, only counter-offers, then obviously you take the highest offer and (politely) blow off everyone else.

 

[shane mac]

Contacting endusers

I'd like to know whats the best email title you use to grab the attention of the end user.

I have real difficulty finding the right words to put.

Hello? Domain offer? Business opportunity?

What is the best "title" to get the end user to open the email?