offers I got an offer of €100 at Undeveloped for my domain paperbid. (king) What to do?

[amit chowdhury]

Hello pros,

At undeveloped, I got an offer (first offer) of €100 for paperbid in king.

What to do? Please suggest next course of action

 

[alcy]

He offered me €8033. What to do?

either you playing with us
or buyer playign with u

i vote for the former.

im out of here.

 

[DAN.COM]

I would also advice the seller to take the 8k offer. The more you counter buyers like this one while lowering your price from a higher price point the harder it gets to get the buyer to honor his initial offer.

We're more than happy to assist and bring in this sale!

 

[MapleDots]

Domaining is all about bids and counterbids

An experienced domainer would respond saying thank you for the offer but we have higher bids than that at the moment.

That is assuming that €100 is not a lot of money to you.

With PaperWallet being out there, and PaperBid being an actual term in use in the financial industry, you should not be entertaining a sale anywhere near that amount.

 

[amit chowdhury]

I have accepted €8k offer and undevelopd will initiate the transaction. Let's hope the deal will go through

 

[alcy]

I am not playing with any one, I am writing what is happening (thats it). If buyer was playing with me, then it will be experience for me.
If you think I am playing, then don't follow my thread please.

so whats the question here?

you make a thread to ask if you should accept 100eur?

and then buyer offers you 8000eur and you still do not know if to take it? when will you know? at 100 000eur?

since you say you are new to domaining, I asume you have no idea how rarely a buyer goes from 100 to 8k..

maybe you can post screenshot of your negotiation before everyone starts thinking yoru thread is some bad joke.

or of course, the other option, the buyer is just playing with you. which stil makes it a waste of time for everyone trying to help here.

 

[Name Trader]

Counter Offer?

 

[alcy]

That is the best advice by far

I often slow down the negotiation process....

Engage the client, tell him he has an interesting offer worth considering and you need a day or so to do your research. See if he engages you again and get a phone number. Once you have any offer over 5k you should be engaging the client so nobody gets offended or misunderstood. I usually ask for a phone number and in most cases I will base my decision on the live interaction.

That is the same way I handle my acquisitions, I always end up on the phone and that is where I do 90% of my business. A lot can be misread in an email by either party.

@usernamex is bang on..... slow it down..... I will add..... engage the client

its Undeveloped site offer.
so they want to limit buyer seller interactions.. to avoid losign commissions etc.
like they limit and monitor interactions on gd auctions sedo etc.. can't exchange emails or phones there.. if you do, you get banned.

while I appreciate where the two of you are coming from with taking it easy and relaxing etc.

let's not forget this is not some liquid domain worth a base X money amount.
its an alright domain, that may or may not ever get another offer in future... and with a price of 100 as initial offer.. and then a jump to 8000 by buyer... so I strongly advise you NOT to remain calm and not to relax... this is time to click accept button, within 10 seconds of reading my post, and either getting paid if buyer serious (unlikely imo, based on negotiation pattern and numbrs involved here), or just closing this whole thing as a scam buyer and everyone moves on to next offer and sale.

of course, like everyone here I wish seller all the best and succesful sale, cause we're all here for sales.. but at same time, I am trying to be realistic and draw conclusions from numbers and negotiation process posted here. which is not looking like happy ending to me at least.. cause i've seen similar things before.. as did many others.

all the best though.

 

[ResoluteDomains]

its Undeveloped site offer.
so they want to limit buyer seller interactions.. to avoid losign commissions etc.
like they limit and monitor interactions on gd auctions sedo etc.. can't exchange emails or phones there.. if you do, you get banned.

while I appreciate where the two of you are coming from with taking it easy and relaxing etc.

let's not forget this is not some liquid domain worth a base X money amount.
its an alright domain, that may or may not ever get another offer in future... and with a price of 100 as initial offer.. and then a jump to 8000 by buyer... so I strongly advise you NOT to remain calm and not to relax... this is time to click accept button, within 10 seconds of reading my post, and either getting paid if buyer serious (unlikely imo, based on negotiation pattern and numbrs involved here), or just closing this whole thing as a scam buyer and everyone moves on to next offer and sale.

of course, like everyone here I wish seller all the best and succesful sale, cause we're all here for sales.. but at same time, I am trying to be realistic and draw conclusions from numbers and negotiation process posted here. which is not looking like happy ending to me at least.. cause i've seen similar things before.. as did many others.

all the best though.

I would accept quickly, too.

 

[imadoer]

I think - the max price is $150-200, It's unbelievable to fly to $400.

Thats not true i have got people from 100 to 3k and 300 to 10k. It all comes down to how much someone's going to pay for the domain name sometimes people test the water and offer the smallest amount possible

 

[AIS01]

counter and wait. if not accept then don't be sad, hold the domain wait for more offers.

 

[NoBS]

I'd counter with 4k.

 

[MapleDots]

@amit chowdhury - pretty much if this were an offer on a domain in my portfolio, I wouldn't do anything fast. The offer is good for 7 days and if there was some reasonable time between past communications then the buyer won't mind waiting a similar span of time. So you can stay calm and see if anyone else has constructive advice to add here.

Just don't get too excited in case it's not for real, only from personal experience, my first five figure offer the buyer made a binding offer at a marketplace, I accepted, a few days of pay delays and then it fell apart and it was really heartbreaking for me. Was too new to understand not to celebrate until the money is in the bank and the domain is in the buyers account.

Fingers crossed the negotiation is real and has a happy conclusion for both parties : smile :

That is the best advice by far

I often slow down the negotiation process....

Engage the client, tell him he has an interesting offer worth considering and you need a day or so to do your research. See if he engages you again and get a phone number. Once you have any offer over 5k you should be engaging the client so nobody gets offended or misunderstood. I usually ask for a phone number and in most cases I will base my decision on the live interaction.

That is the same way I handle my acquisitions, I always end up on the phone and that is where I do 90% of my business. A lot can be misread in an email by either party.

@usernamex is bang on..... slow it down..... I will add..... engage the client

 

[alcy]

Paper Bid
A request to buy a publicly-traded company in which the offering company offers to purchase shares in the target company with shares or bonds in itself. Many offers to buy a company include both paper and cash, but a paper bid is exclusively non-cash. How profitable a paper bid is for target company shareholders depends on the market value of the stocks and bonds.

Seems like it could have some value.

- MOTO

not everything with a definition has value..
and not everything with value has a definition



all in all 8000eur is spectacular. no time to relax, no time to be calm, no time to counter....... just time to accept. all the best to seller.

 

[Pierre Barnard]

Agree with counteroffer then.

 

[Ollie3000]

I think it's too low - I'd counter.

 

[amit chowdhury]

He offered me €8033. What to do? Before that I countered with €39k

 

[usernamex]

eight thousand all of a sudden after his last offer was two hundred? and you did not counter with any number correct?

My inclination would be ACCEPT and hope it wasn't a typo on his part : smile :

 

[pinkdragon]

Hmm, I think something is wrong here (currency confusion maybe).
Accept his €8033 and see what is happening (if he pay).

Good luck!

 

[usernamex]

@amit chowdhury - pretty much if this were an offer on a domain in my portfolio, I wouldn't do anything fast. The offer is good for 7 days and if there was some reasonable time between past communications then the buyer won't mind waiting a similar span of time. So you can stay calm and see if anyone else has constructive advice to add here.

Just don't get too excited in case it's not for real, only from personal experience, my first five figure offer the buyer made a binding offer at a marketplace, I accepted, a few days of pay delays and then it fell apart and it was really heartbreaking for me. Was too new to understand not to celebrate until the money is in the bank and the domain is in the buyers account.

Fingers crossed the negotiation is real and has a happy conclusion for both parties : smile :

 

[DNWon]

I would accept the offer!

 

[Name Trader]

From 100 to over 8k, I will accept to know once and for all if it is a scam or not.

For the extension, I think it is a fair price.

But it's a crap domain. IMHO. There's something really strange going on here. For sure.

 

[tldboss]

counter

100 euro today is approximately 125 usd depending on exchange rate applied.

 

[gprod]

If you are OK with the price, sell it!
If this will become your first sale, grab the money
Or make counter, but not too high.
This price for this domain is good, i think.

 

[Ollie3000]

I think - the max price is $150-200, It's unbelievable to fly to $400.

As I said, If he needs the money then he should take it. But looking at the sales on NameBio, around $300/350 is realistic. He counters $350, they come back with say $200/250 then he gets a deal in the middle.

Similar from 2017:

paperwolf $303
papertigersa $607
paperforsale $325 (this one is very relevant)
paperroad $360