Just Said, "How Much?"

[Abbreviation]

I just got an inquire for one of my parked domains, but all they said was how much?"

Is there anywhere I could read up on what my next steps should be?

How should I negotiate in the next few emails?

Any help whatsoever would be great!

Thanks!

 

[Steven]

Was the email like this?

http://www.namepros.com/domain-name-discussion/566136-got-one-of-these-yet.html

 

[Seabass]

I just got an inquire for one of my parked domains, but all they said was how much?"

Is there anywhere I could read up on what my next steps should be?

How should I negotiate in the next few emails?

Any help whatsoever would be great!

Thanks!

It all depends on your situation.....is your matress stuffed with cash or is there a hole in your bedroom roof letting rain in?

IMHO......In any negotiation with anything....domains or not.....always get them to quote a price first if you can. If not, then (assuming you don't need the money), hit them with a really high number b/c then it is hard for them to come back with a low counter offe. If they walk away you just saved yourself valuable time going back and forth. If they come back with a respectable number, and quite often they will, then it is worth continuing the conversation more. And when you back off your high number you seem to the buyer to be moving more towards reasonable ground.

That's the basics for me........but many here at NP could probably write a dissertation on the subject they are so skilled at it after many years of sales.
.

 

[JoshuaPz]

Here's the template I have used, with overall success, in your situation:

***

Hi [...],

We have been holding XYZ.com for a short while with a business intent in mind for the domain, but might be willing to give it up for the right price. How much can you offer us? And might I ask for what purpose you intend to use this domain?

Thank you,
[...]

***

If they then make a serious initial offer, reply with an e-mail containing a counter-offer and heavily-tailored explanation detailing what makes your domain valuable. Jamie Zoch has some nice examples of such e-mails in his blog, DotWeekly.com.

 

[Abbreviation]

mrdomainman,

It just had the domain in question and "how much?

Seabass,

Thanks for the advise...

I will think about it and see what anyone has to say and keep you all posted.

Thanks!

JoshuaPz,

That's a great tactic. I really like it.

I might just use that.

Thanks!

 

[banners]

Personally I would not waste my time with a message like that. Just a weird vibe I get from those type of emails. Odds are they are just someone wanting to play lowball games.

The most I would send back would be Make Offer. If I even did that.

I believe that someone who was really serious about that domain would have more tact.

These are just my thoughts & they may differ to other folks.

 

[Abbreviation]

usa666,

You make a very valid point.

My first initial thought was that it was very unprofessional and someone who was really interested or even worth doing business with would put more effort into an email.

It might not be worth the trouble even responding to this person.

I will hold out for a few days and see if they even try to contact me again.

Thanks

 

[namenut]

I just got an inquire for one of my parked domains, but all they said was how much?"

Is there anywhere I could read up on what my next steps should be?

How should I negotiate in the next few emails?

Any help whatsoever would be great!

Thanks!

Reply with .... "a lot" ...j/k.

I would reply with the asking price you had in mind.
Just because the inquirer is lacking in social skills you
need not reciprocate with the same. Take the high
road here and act professional.

Shoot `em your asking price ..... and move on.

good luck
NN

nn

 

[lzy]

Ignoring them is the worst possible thing one can do, IMHO.

Not knowing the name, I would simply reply with the price you would ideally sell it for.

Like if your gut tells you it's worth 2k, offer it for 5k. Who knows he may just say yes.

Of course, that's just me, feel free to do whatever you please. :]

 

[gilescoley]

I agree, reply with a price you are happy with.

 

[Seabass]

I agree, reply with a price you are happy with.

That's no way to maximize a asset's worth - IMHO. Just slapping a price on it might work for quick-turn sales tactics if you are going for volume sales, but letting go of an asset of real value takes kid gloves to extract the asset's value.

There is an old sales adage that says, "You don't get what an asset is worth, you get what you negotiate". If you just put slap a price on it ......you might be effectively cutting yourself out from the onset of a larger share of pie.
.

 

[bluesunshine]

I wouldn't assume they are being rude... They might not speak English well. Then again, they might be pretending to be clueless to get the price down for their corporate masters

 

[lzy]

That's no way to maximize a asset's worth - IMHO. Just slapping a price on it might work for quick-turn sales tactics if you are going for volume sales, but letting go of an asset of real value takes kid gloves to extract the asset's value.

There is an old sales adage that says, "You don't get what an asset is worth, you get what you negotiate". If you just put slap a price on it ......you might be effectively cutting yourself out from the onset of a larger share of pie.
.

True. Hence, I made it clear that the OP should decide what's best for him/her.

However, in these times, (continuing from my example) 5k is nothing to sneeze at. Or would you rather hold on for your huge 50k payday?

Again, IMHO.

 

[dbtbandit67]

this is getting a bit confusing. tell them how much you honestly want. don't worry about blowing off a potential buyer, there will be more

 

[DubDubDubDot]

Ideally, the seller of any product (not just domains, I'm talking about even the grocery store) would ask customers what they are willing to pay. This guarantees that the seller is taking as much out of the buyer's wallet as they can.

This method however is regarded as somewhat shady by buyers, and they are usually taken back by it. You don't want to quote them a high price either since they will walk away if they believe you want 10x what they are willing to pay (even if you really would ultimately accept their offer, they don't know that).

So figure out what a fair price is and go from there. If you don't have an idea, get some opinions from the appraisal section here.


But if you are a "dreamer domainer" then that changes everything. If you are just starting out and got a $7 fresh reg that you believe could net you $2,000, then you go for that $2,000 gurl! However if you are at the end of the line, stocked up with a couple hundred domains that you never accepted any offers for, well, it's time to have a firesale and move on. heh

 

[Seabass]

If you don't ask you don't get.

So if you think a domain is worth $10,000 and you ask $10,000 you might get it but you probably won't. However, if you ask for $35,000 then they might start their bid off at $10,000. BAM.......you just got what you wanted. And, you might get them up higher. Sometimes they might come back at $20,000 and surprise you.

The point is : If you ask for $10,000 you will never get $20,000. You just effectively nixed the entire upside.

I think it is foolish to put a price on a domain for what it is worth.....unless you are into quick-sale flipping or really need the cash. The latter, quick-sale flipping, can make you more money overall if you turn tons of domains, even if you sell for less than the domain is worth, but in terms of extracting the maximum dollars from a domain, putting the price on it that you think it is worth will not reward you with payouts that you may have never realized you could have gained.

I'll say it again...."You don't get what an asset is worth you get what you negotitate". It's well known negotiation is an art, and the better you are at it the more money you make. You will never know if someone will pay $30,000 for something you think is worth $10,000 unless you ask for it.

How many times have you seen a lame domain go for big bucks? Lots and lots of times.
.
.

 

[DubDubDubDot]

How many times have you seen a lame domain go for big bucks? Lots and lots of times.

Such domains usually have existing traffic, but DNJournal and NameBio don't include that information. Sale prices can be deceiving at times.

 

[PMDN]

I received an email earlier today asking if I'd be willing to sell a domain, and stating that he (they) would be willing to buy it.

When I received and read the email, a red flag went up.

My reply was that I would be willing to sell it and asking him (them) to make an offer. I provided no specifics.
I have not heard back.

Trust your instincts, and if your not sure, come to the forum and ask. People are willing to help, to give feedback.

Chuck

 

[Traveler]

Such domains usually have existing traffic, but DNJournal and NameBio don't include that information. Sale prices can be deceiving at times.

Sometimes they do have existing traffic, often they don't. End Users come in all shapes and sizes. Some have huge budgets and really want a specific .com for their own reasons, others have smaller budgets and will nibble at the .com but will go for a cheaper alternative if the price is too high.

 

[VisionEdger]

A good credo to follow in business is this:

" YOU DON'T GET WHAT YOU DESERVE, YOUR GET WHAT YOU NEGOTIATE!"