I was offered 30K twice and turned it down

Discussion in 'General Domain Discussion' started by MapleDots, Mar 14, 2017.

Replies:
37
Views:
2,414

?

Have you exaggerated your offers to get a higher sale price?

  1. Hell yes, I do it all the time

  2. Heck no, I am an angel in the business

  3. Yes if the person asking was a dork

  4. Seriously, never

Results are only viewable after voting.
  1. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    I was offered 30K twice and turned it down

    I heard that so many times I'm starting to get sick of it. Then you check after a few months and the domain sells for a couple thousand bucks or even as low as a couple hundred.

    I always say the same thing....

    I purchase every domain I have because it has potential for me to develop. If you want it you have to offer me an amount that is larger than my envisioned potential use for the domain.

    Still has a ring of BS but it is at least straight forward.

    So what is your answer to the poll?

    Also what is your favorite line?
     
    Last edited: Mar 14, 2017
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    Interesting, adding the yes and no, we are at a tie. so far.
     
  3. Steven McEvoy

    Steven McEvoy CashGorilla.com VIP

    Joined:
    Nov 17, 2014
    Posts:
    1,257
    Likes Received:
    705
    This is what I call a sceemer unprofessional salesman. If you have to lie to make a sale your not doing anything but scamming the buyer. If this is how you have to sale your domain or product then obviously it isnt worth sh*t.

    I hate crooked sales people.
     
  4. imadoer

    imadoer Active Member PRO VIP

    Joined:
    Jan 19, 2015
    Posts:
    3,523
    Likes Received:
    2,726
    theres so many liars in this business.
     
  5. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    Thanks for the responses guys

    Don't forget to add what your favorite response to the potential client is?
     
  6. SuperDudePro

    SuperDudePro Established Member

    Joined:
    May 5, 2016
    Posts:
    102
    Likes Received:
    191
    Personally, I prefer to sell a quality product for a good price than to trick people out of bidding on auctions, shill bidding, lying, and other 'best' practices.

    The 2 $30k offers is the equivalent of an old American trick of boys without girlfriends claiming that they have a girlfriend 'in Canada' or 'from vacation' or any other unverifiable place that you may store a girlfriend.
     
  7. Sinh

    Sinh Business Member Business Account VIP

    Joined:
    Mar 7, 2016
    Posts:
    2,174
    Likes Received:
    1,453
    I really hate liars but there are so many on NP and domains business
     
  8. DomainVP

    DomainVP Domain Expert Business Account VIP

    Joined:
    Jun 24, 2013
    Posts:
    3,088
    Likes Received:
    11,110
    What your reality is might not be the same as another person.

    If someone claims that, and then you see the DN sell elsewhere for pennies then you are 100% right.

    However, I can personally tell you that I have turned down offers for domains that most people would have have accepted without even thinking about it. Sometimes the sale never materializes, and sometimes they offer more and you can either take it or still say no.

    You take your acceptable risks depending on your present reality.

    I will quote something Rick said recently:

    "Know what the difference is between a $25k domain and a $1 Million domain? The owner of the domain!"

    There are also many people that have never sold a single domain, ever.

    I've seen people with 2009 NP accounts pop up as recent as last year and post about their 'first domain sale' that was $xxx.

    At the end of the day, you do what's best for you. Live and let live.
     
  9. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    That is exactly why I posted, I offered a good solid amount on a domain and the guy responded saying he had numerous larger offers. Then I see it later selling for less than what I offered. The guy did not even take the time to re-contact me a few months later to offer it to me.

    I just don't understand why he exaggerated his offers by such a high amount.
    It really frustrated me because I wanted the domain.
     
  10. DomainVP

    DomainVP Domain Expert Business Account VIP

    Joined:
    Jun 24, 2013
    Posts:
    3,088
    Likes Received:
    11,110
    I agree, that is very frustrating.

    That happened to me once; the seller downright said had offers of $10k+ for the domain.

    It took 2 months of patient contact and we ended up at $1,500 for the 4L.com - going from $10k to $5k to $3k to $1500. I still paid well over 'liquid' value for the domain, but I am happy with it as an investment.

    Acquiring a domain is more sales than investing. When someone says that they have had high offers, it's just another objection that you will have to find a creative way to answer.
     
    Last edited: Mar 15, 2017
  11. Joshh71390

    Joshh71390 Restricted

    Joined:
    Apr 23, 2016
    Posts:
    2,236
    Likes Received:
    363
    It depends what your method i think is. Because look at the big boys they have so many names that They might sell just one or two and cover the rest of them.

    But if it is someone silly and it is their first name I think they are just wasting their time. A lot of people are super spiteful sadly and even if you give them 10k profit, they will refuse it if they think you might make 15...

    All and all I personally try to sell my names for whatever the offer is , profit is profit and for me I'm still building my portfolio up. If I can sell one name and use that money to buy 20 - 30 more names, then by all means.
     
  12. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    Agreed Joshh but the guy would have to have an ego the size of a football field because my offer was significantly higher. As in many thousands....

    I track every inquiry on my excel sheets, if I ever decide to sell lower than the amount I have in mind I would at least send a previous bidder an email asking if he was still interested.

    I'm just gob smacked that I did not get the domain!!!!

    He told me he wanted 30k, I said 25k, he said I was an idiot if I thought I could steal it for that.
    Well I guess I must be the idiot because he sold for under 5k six months later.

    This was a special domain for me and I made an exception with that offer. The domain was not worth anywhere near my offer.

    So I make an offer to someone else on a domain recently and a similar scenario is playing out, hence my frustration and the reason for this post.
     
  13. KingslayerVR

    KingslayerVR Active Member VIP

    Joined:
    Oct 29, 2015
    Posts:
    1,199
    Likes Received:
    3,105
    Unless it's a category killer, me when someone says they've turned down $30k+ for a domain name:-

    [​IMG]
     
  14. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    Do you have a graphic that says $hit for brains?
    Seriously, when god was handing out brains this guy was hiding behind the door.
     
    Last edited: Mar 15, 2017
  15. Joshh71390

    Joshh71390 Restricted

    Joined:
    Apr 23, 2016
    Posts:
    2,236
    Likes Received:
    363
    Why not contact the party that bought it for 5 k and offer 20? now you just saved 10k off original price =) or even 15k im sure that other person would be more then excited to triple up his / her 5 k investment
     
  16. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    You read my mind...

    That is exactly what I am going to do but I thought I would wait a month just so I don't seem too eager.
    Except this time I am going to start at 7k to see if he wants to make a quick 2k.
     
  17. DomainVP

    DomainVP Domain Expert Business Account VIP

    Joined:
    Jun 24, 2013
    Posts:
    3,088
    Likes Received:
    11,110
    Not a 'category killer' by the standards of many, and I turned it down. Why? Because it's a category killer to me by my valuation, and if someone is offering me a nice sum for it I'm going to go with my valuation over that of another domainer.

    Top domainers (Rick Schwartz, Mike Mann, etc...) keep telling the industry that they are selling too cheap, and all the industry does is try to find excuses on why they are 'wrong'.

    Instead of calling bullsh*t, maybe you should open your mind.


    The hardest thing to do is to say "no," but it is also the most powerful thing you can do.

    I blocked out what I don't want to share, but you can get the gist of the conversation...

    [​IMG]
     
    Last edited: Mar 15, 2017
  18. urlurl

    urlurl Active Member VIP

    Joined:
    Nov 25, 2009
    Posts:
    1,960
    Likes Received:
    3,417
    i'm usually pretty straight with buyers, There are prices i want for each name and i don't usually give specifics. I may on occasion quote what i paid (assuming they offered below) but i could provide proof if i was called out on it.

    No time for games in business
     
  19. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    Respect for that (y)

    But I can guarantee you will not sell the domain six months later for 10k after turning down 40.

    But I guess there is a silver lining because now I get to negotiate with the new owner at a much lower starting point. I'm hoping it's another domainer who won't mind making a couple thousand on a flip.

    HeHe, I just hope its not DomainVP or I might have to mortgage the house :ROFL::ROFL::ROFL:
     
  20. frank-germany

    frank-germany Business Member Business Account VIP

    Joined:
    Jun 21, 2015
    Posts:
    4,419
    Likes Received:
    4,282
    its not about "lying"
    we are not in the church

    its business

    so you want the best price and the other party wants the best price too
    any emotion that helps to come to an agreement is fine

    "lying"
    is a term that belongs to the relation between loved onces
    has no meaning in business

    if its not fraud
    its not a lie but a story

    you may want to read a book:

    https://www.amazon.com/Winning-Thro...id=1489603671&sr=8-2&keywords=robert+j+ringer


    or maybe 2 books?

    https://www.amazon.com/Start-Negoti...id=1489603877&sr=8-1&keywords=start+with+a+no
     
    Last edited: Mar 15, 2017
  21. tiawood

    tiawood Business Member Business Account VIP

    Joined:
    Oct 13, 2008
    Posts:
    984
    Likes Received:
    1,044
    This.

    If someone said they were offered $30k I would wonder why they didn't take it.
     
  22. Brandingtheweb.com

    Brandingtheweb.com 123Capital.com VIP

    Joined:
    Nov 24, 2015
    Posts:
    1,727
    Likes Received:
    1,176
    There is a huge difference between lying about a fake sale and telling a prospect you received better offers.

    If the buyer tells you he had a better offer just give him your best offer and hope for the best. Regardless if he had a better offer or not in the past it's 100% up to the seller what he wants to do.

    I'm guessing you probably made the mistake of not at least making him your best offer, if you had he may have at least considered it in the future if his circumstances changed.

    P.s it's all relative, what is expensive for a domainers is cheap for an end-user.
     
    Last edited: Mar 15, 2017
  23. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    Actually quite the opposite, in this case I way overbid. I knew he was full of crap and a 25k bid was insane for that domain. I had an end use for it and I figured I could depreciate the cost over a number of years. The fact that it sold in the 5k range shows you my offer was way beyond what it was worth.

    But I agree with you I did make a mistake..... I wanted the domain too much, I let my emotions rule over my head. Most assuredly that will not happen again and when I open negotiations with the new owner I will probably stick to a tight budget. That is what I should have done the first time around, offered him 3k and move to 5k. I knew it was bs when he said he turned down 30k.

    From here on forward I'll just say thank you, good luck with that.
     
  24. Brandingtheweb.com

    Brandingtheweb.com 123Capital.com VIP

    Joined:
    Nov 24, 2015
    Posts:
    1,727
    Likes Received:
    1,176
    It was his mistake and loss. I don't think your bid was as much a factor as timing.

    P.s. bit of advice don't insult the seller with a "good luck with that" comment unless you are no longer interested at any price. Sellers can be very sensitive:)
     
  25. MapleDots

    MapleDots Established Member

    Joined:
    Mar 3, 2017
    Posts:
    1,464
    Likes Received:
    3,081
    I will take that advice - thank you (y)
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!

Share This Page

Loading...