Lowball Offers on Sedo

[Jo]

Does anyone else get a lot of lowball offers on Sedo? I have had some for $60 and now one for $100 today on a brandable/humorous domain.

Do you think they are from resellers?

Thanks in advance for your opinions.

 

[gericsb]

Hey Kerrijo,

I have had a few offers on Sedo--one was an insult the others were not much below my asking price and we came to an agreement in all but one case.

However, I have heard this from other people--probably with more domains parked there (I have about 150 domains there--do you have a lot more?)

 

[Jo]

I have around 160 there.

 

[ebess]

Happens all the time.

I have a large portfolio listed on Sedo (700+ domains) and you wouldn't believe how often people submit ridiculous lowball offers on sedo - especially the lovely $60 bid (WHO would accept that? After Sedo's fee you'd get a whopping $10)

I think they are likely from resellers hoping if they throw out a lot of small bait, maybe a few stupid fish will bite.

But just so you know, not everyone is a lowballer -- there are some serious buyers on Sedo; I just turned down a 5 figure offer on one of my domains.

 

[HcDomains]

It is better than no offer IMO

I have about 150+ domains parked with Sedo but no offer at all, even I list 2 of them in the category show case.

However, I am in the business less than month, so I must learn 1st and be patient

 

[wot]

All of my Sedo names have a minimun offer of $488 , that way you only get serious "buyer" interest.

4 sales in the last month.

 

[AdoptableDomains]

I have minimum offers on most of mine set at $200 or above. However, I do get a lot of offers in the $300 range for names worth much more. They seem to be resellers looking for bargains, because in negotiations they never increase price by more than about $50 above the original offer, or usually about $375-395 tops. Here's a transaction in the process right now below. When they raised their last offer by only $5, I decided to actually raise my price instead of decrease it, just to make a point. I'd actually probably take quite a bit less, but it's apparent they either don't know or don't want to pay the true value of this domain, and we aren't going to meet at an agreeable price.

Bid Thread for : (undisclosed domain name)
09/01/06 Your Desired Price: Make Offer
09/01/06 Buyer´s Offer: 120 USD
09/02/06 Your Counter Offer: 15,000 USD
09/02/06 Buyer´s Offer: 250 USD
09/03/06 Your Counter Offer: 14,500
09/03/06 Buyer´s Offer: 350 USD
09/04/06 Your Counter Offer: 9,900
09/04/06 Buyer´s Offer: 375 USD
09/05/06 Your Counter Offer: 9,875 USD
09/05/06 Buyer´s Offer: 380 USD
09/06/06 Your Counter Offer: 9,995 USD

 

[danielr]

I own about 6500 domain names now, and only have about 1500 of them listed on sedo for sale. I only park about 100 names at SEDO because the PPC is so much less than DS or Fabulous.

I get the $60 offers all the time and I counter with an offer of at least $400,000... and I also give them a response message "If you make a serious offer i will make a serious counter offer".

 

[Zona]

I have a little different perspective on this situation. My feeling is that if you do not want to get the $60-$100 offers then you should have a minimum offer or an actual price.

I compare it to people who post domains with "offers wanted" and then respond that they were insulted with your offer. If you have a minimum you are looking for then it should be listed/posted.

Just my two cents.

 

[Damion]

Exactly!

And remember even if you get a lowball offer of $60 it's a initial starting point for negotiation to test the waters and determine what the asking price is.
If one would counter immediately with a exorbitant high amount that is not realistic with the domain you would only lose the potential to scare of a serious buyer.

Since a rediculous high counter offer would give of the impression you're an illusionist dreaming of striking it big on a non-"high" value domain.

Always respond seriously to the first offer you get, being it lowball or not, if you counter like a madman you will be seen as a madman by the prospect buyer. And their chances of finalizing a deal is just as much an illusion in their view given of by someone's impression by giving such a madman's response.

Act professional, if you get a lowbal offer after your initial counter offer then still throw in another counter offer of your own and if you feel like it's not going anywhere especially when you have a domain that justifies a "high" (in quotes since high is relative to each and everyone) then just cut of negotiations.

Don't let emotions get the best of you, keep it real and professional even though you may receive a initial lowball offer, when lowball offers are repeated for a justified "higher" price then just simply cut it of.

Also use the comment system, that's why it's there for, do some testing of your own

Just my 2 cents.

 

[wow!]

30% of my offers I got were $60-$100
But some of them ended in $500-$2000 sales.
So be cool and win some...

 

[rokoroko]

most offers start at 100-200 and end at 1000-2000 euro

 

[ebess]

Similar to what rokoroko said, it is not uncommon (in my experience) for a buyer to start out with an offer that is 10x less than what they are expecting to pay for a domain, especially on Sedo

 

[gazzip]

Yup :td: I had quite a few of them too, I don't mind too much as I think that most are just curious to see if they can get it cheap as chips !

The bit that does bother me is that you cannot cancel the first offer unless you reply with your selling price.

I think you should be able to cancel with a simple message - I have previously received far higher offers.

If they really want it then the serious ones would come straight back with a serious figure around their budget area.


.

 

[Jo]

I've countered with $1000 the last two times, one never responded and the other one cancelled the transaction. No surprise there. I am going to be developing the humorous one in the next year and I believe it will make more money for me in the long run than the $1000 I countered with. Unless of course I get a nice offer that I can live with - it's one of my favourite domains.

 

[gazzip]

I am going to be developing the humorous one in the next year and I believe it will make more money for me in the long run than the $1000 I countered with. Unless of course I get a nice offer that I can live with - it's one of my favourite domains.

It is definelty possible, I posted an .eu domain here that someone said, why bother getting a long and obscure name like that. A few hours developing with affiliate links and its made about $130 in less than 2 months. (lets hope it keeps going like that) Even if it does'nt I still have it to sell later and its paid for itself for the next 5 years as far as I'm concerned.

Go for it !



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[Jo]

It is definelty possible, I posted an .eu domain here that someone said, why bother getting a long and obscure name like that. A few hours developing with affiliate links and its made about $130 in less than 2 months. (lets hope it keeps going like that) Even if it does'nt I still have it to sell later and its paid for itself for the next 5 years as far as I'm concerned.

Go for it !

Nice! Glad to hear that. I think that everyone who finds that they have some domains that few are interested in should develope them. They will make far more money with googleads, affiliate links and selling advertising then a parking program could ever pay. And as you say they can be sold for a profit later on.