discuss Lowball offer

[Inframan]

(Due to current negotiations I won't disclose the actual domain name.)


I received a non-serious offer for a CCC.net .

Is this a strategy by the buyer to get me to respond with a counter offer of what I expected? The problem is I didn't have the option to ignore the offer. I had to respond with a counter offer.

I didn't set a minimum price, in the anticipation of attracting more buyers.

I do not believe this buyer honestly thought offering me less than the renewal cost of the domain is a valid offer. I'm positive this buyer ran this domain through every free online evaluator.

This domain also has multinational corporations using the same three CCC.

I'm wondering is this a common tactic to get you to expose what you really want. I feel if it was set at BIN I wouldn't have gotten a response.

 

[AEProgram]

usually very low offers of 10-20 dollars do not end up in sales. If it's on Sedo, it usually is a real person and not a bot. Why he did it? Either just to open communications, get the price you have in mind and go from there. He can also be someone that watched a lot of Pawn Stars and feels that is the way to buy things, offer 25 bucks for 10k paintings.

 

[Gabriel360]

usually very low offers of 10-20 dollars do not end up in sales. If it's on Sedo, it usually is a real person and not a bot. Why he did it? Either just to open communications, get the price you have in mind and go from there. He can also be someone that watched a lot of Pawn Stars and feels that is the way to buy things, offer 25 bucks for 10k paintings.

Or an ignorant potential UDRP Complainant looking for a "See, he tried to sell me the domain name for $xxxxx. So he's in bad faith!" argument.

 

[robs01]

offering me less than the renewal cost of the domain

Counter offer with $1,000,000,000,000 (one trillion dollars). Payment in gold bullion only.

Then write "Only serious offers get serious responses."

Or, tell them CCC59235.net is available for reg cost at the registrar of their choice.

Asymmetrical warfare. Send them a clear message.

It's probably a domain investor. They are notorious for whining about lowball offers but usually offer those themselves.

 

[pb]

I have a simple strategy, whatever the first offer is, I just respond with the amount for which I would be willing to sell. If the domain has buy now and gets an offer, I just respond by reiterating the BIN price or lowering it by 1-2%. Are many of these "negotiations" cut short after that? Yes. Do some of these domains sell for a decent price? Also yes. It's just the character of this business. People think domains are worth $1 or $10, because that's what they see on the registrars' pages. Our job is to educate them, or at least inform that it's only the case for available domains etc. etc. I'm sure I don't need to preach to the choir. To sum up: IMO it's worth replying to any offer and not get discouraged or offended.

 

[cooljub]

The problem is I didn't have the option to ignore the offer.

Why?

 

[pb]

Why?

Probably sedo. [edit] Well, sedo doesn't allow straight-out rejecting the first offer; of course it can be *ignored*, in which case it expires after some time.

 

[biggie]

Hi


what is a CCC.net?
clarify

also, trying to guess their strategy is futile.

you can either….
never respond or counter offer

I have offer sitting for 2 months at sedo and still haven’t responded.

once binding period passes, ask platform to cancel it

imo….

 

[Melle]

there are always people trying to lowball, at pre school I learned that on markets, selling commic books for 5 for a lote, people offer 10 cents

 

[Inframan]

Hi


what is a CCC.net?
clarify

also, trying to guess their strategy is futile.

you can either….
never respond or counter offer

I have offer sitting for 2 months at sedo and still haven’t responded.

once binding period passes, ask platform to cancel it

imo….

I responded just to forward the process. After the buyer lets my counter offer expire I will have a minimum offer.

what is a CCC.net?
clarify

Similar to SVC.net in online evaluations.

If $20 for a 3L .NET is the going rate then I stand corrected.

 

[bmugford]

I generally just ignore terrible offers.

If the buyer is serious, they will eventually make a serious offer.

Brad

 

[Inframan]

Or an ignorant potential UDRP Complainant looking for a "See, he tried to sell me the domain name for $xxxxx. So he's in bad faith!" argument.

This is interesting, so offering me $20 was in good faith?

 

[Inframan]

I generally just ignore terrible offers.

If the buyer is serious, they will eventually make a serious offer.

Brad

I agree.

I'll update if the buyer makes a serious offer.

 

[topdom]

All marketplaces are scammers. They hide user info, and they hide agents, and themselves, and you get less than what you are supposed to get, or not be able to sell, so your domain will be dropcatched, or grabbed by your registrar. So whatever you are supposed to get, you get 1/100 of it because of scammmer marketplaces. And noone except me at namepros complains about it. you try to recover your reg and renewal cost, and work hard as slaves of this industry; and even if you do your job perfectly, these vampire steal all your everything.

it is extremely easy to create a honest marketplace. Dan was a good candidate initially, but it was bought by godaddy just to kill it. Dynadot was good initially, except for hiding buyer info, NOW, they try to STEAL our customers while pretending to be domain owners, and help domain buyers at the same time, at actual domain owners's/seller's cost. And NOONE except me complains about it. What an idiot+scammer world we are living in.
Scammers scam us, and because of other idiots, normal guys are scammed as well. same as politics.

 

[william]

I'd say 99% of these won't result in anything, so for the most part you won't miss out by not replying. However, 1% of these offers can be buyers who want to know what you are willing to sell the domain for. If there is no listed price, they want the price. If there is a listed price, they want to know if you'd discount the price. They can be an actual buyer.

 

[DomainBFF]

All marketplaces are scammers. They hide user info, and they hide agents, and themselves, and you get less than what you are supposed to get, or not be able to sell, so your domain will be dropcatched, or grabbed by your registrar. So whatever you are supposed to get, you get 1/100 of it because of scammmer marketplaces. And noone except me at namepros complains about it. you try to recover your reg and renewal cost, and work hard as slaves of this industry; and even if you do your job perfectly, these vampire steal all your everything.

it is extremely easy to create a honest marketplace. Dan was a good candidate initially, but it was bought by godaddy just to kill it. Dynadot was good initially, except for hiding buyer info, NOW, they try to STEAL our customers while pretending to be domain owners, and help domain buyers at the same time, at actual domain owners's/seller's cost. And NOONE except me complains about it. What an idiot+scammer world we are living in.
Scammers scam us, and because of other idiots, normal guys are scammed as well. same as politics.

Explain? I don't understand.

If what I think you're saying, just put all your names at the markets for discoverability, then point them all to NP landers and control everything?

Cheers

 

[Inframan]

Explain? I don't understand.

If what I think you're saying, just put all your names at the markets for discoverability, then point them all to NP landers and control everything?

Cheers

This was mentioned to some degree in the latest Domain Sherpa.