Lowballers are idiots.

[labrocca]

So about a week ago I went into my Sedo account and added prices for all 300 domains in my account hoping to get a sale and more offers.

Today just got an offer on a LLL.net (ezx).

However to my surprise I screwed up and had a price of $150 on the domain!

I was like OMG no!

I logged in to see the offer ...it was $100. So I immediately cancelled negotiations and fixed the price. Right now there is a lowballer that's really pissed off for losing $1k domain over $50.

I gotta say if I saw a $150 buy it now for a LLL.net...I would take it immediately.

Lowballers are idiots.

 

[soggyindo]

probably the hype related to the industry... "17 year old boy buys domain and sells it for $100,000" kinda deals. i'm sure there are many more looking for that than are just in it to get a decent ROI...

 

[VisionEdger]

Unfortunately many (if not most) new domainers seem to think the only way to make money in this business is to lowball people. I don't know where they got this idea from -- I've never heard DN Journal or top domainers mention they got to where they are today from lowballing everyone...

oh yea.. they are certainly going to mention that they ARE actually lowballers! Give me a break!

So tell me this, are you going around making better offer than those people? Domainers can't have it both ways.

I dont make offers on domains . But if I did I would no doubt fall under the lowballer category where you probably are along with the MAJORITY of domainers.

 

[-REECE-]

What makes you think they are?

I made $70,000+ just by buying LLLL.coms pre-buyout from Godaddy and reselling them December through February... I didn't lowball anyone to make that.

I know people who make thousands (that's thousands with an "S") each week just by purchasing domains at drop auctions. Again, not lowballing anyone.

You don't need to be a lowballer to make decent money in this industry... I can probably count between my two hands how many newcomers (under 1 year experience for the purpose of this example) from this forum are making more money than me by lowballing. I'd need a heck of alot more fingers + hands to count all the specialists out there making very good livings from cctlds, IDNs, aftermarket flips, drop auction prowess, etc.

Lowballing is for newbies too lazy to put in the work to learn a market. It's so much easier to send out $500 offers on every LLL.com with the great DRT than it is to actually consider what a premium LLL.com that starts with an "A" might be worth. Let's forget about learning and just take the easy road, right? That's what people do in life and sadly, that's what people do with domaining. And that's also why 95%+ of "domainers" always have and always will continue to fail to earn a living from domaining -- they want an "easy way" and are too lazy to put in some real work.

oh yea.. they are certainly going to mention that they ARE actually lowballers! Give me a break!

 

[Spade]

LoL. Great Story. Which is exactly when we I see a domain name at a fair price, I buy it without trying to penny pinch. I dont like risking deals over a few dollars.

 

[cache]

did you set min price as $150 or asking price as $150?

 

[snoop]

I dont make offers on domains . But if I did I would no doubt fall under the lowballer category where you probably are along with the MAJORITY of domainers.

Yes I'd say so, personally every time I buy a domain I am hoping to get it for less than it is worth. I suspect people lowball in every industry, but in the domain industry the lowballing (and also overpricing) is more extreme because sometimes it works due to the lack of transparency in the market. People tend to focus on the people offering $50 for $10,000 domains but the people offering $4000 are doing the same thing (just not making it so obvious). At the end of the day though who cares, people make low offers on things, what does it matter?

 

[-REECE-]

From what I've seen, I wouldn't really call you a lowballer snoop.

Anyone has to buy for less than they sell for -- that much is obvious. But I really wouldn't see you being the type to haggle on a $150 LLL.net like
some of these "seasoned lowballers"

Yes I'd say so, personally every time I buy a domain I am hoping to get it for less than it is worth. I suspect people lowball in every industry, but in the domain industry the lowballing (and also overpricing) is more extreme because sometimes it works due to the lack of transparency in the market. People tend to focus on the people offering $50 for $10,000 domains but the people offering $4000 are doing the same thing (just not making it so obvious). At the end of the day though who cares, people make low offers on things, what does it matter?

Personally, I'd never offer anyone under $7000 on an LLL.com in example nowadays -- it's fairly obvious they're all worth that now, so what really is the point of offering $50, $500, etc except to show how ignorant and new one is to domaining?

 

[mvl]

I really screwed up. I should have offered the $150.

 

[wot]

I was not aware there was a "buy now" "fixed price" "asking price" option at Sedo that is in any way a commitment to buyer or seller - can anyone enlighten me:?

I believe Afternic and others brokers do have this in place- quickly goes to look at Afternic for the first time in six months :gl: netmoviesondemand.com 250K hmmm

 

[james2002]

Yes I'd say so, personally every time I buy a domain I am hoping to get it for less than it is worth. I suspect people lowball in every industry, but in the domain industry the lowballing (and also overpricing) is more extreme because sometimes it works due to the lack of transparency in the market. People tend to focus on the people offering $50 for $10,000 domains but the people offering $4000 are doing the same thing (just not making it so obvious). At the end of the day though who cares, people make low offers on things, what does it matter?

Well put. I agree.

I think lowballing is less common for LLL.com etc... where people seem to know price range better but for generic domain names, it is difficult to say the price of the domain properly and owners encounter more low ballers , IMO. :imho:

 

[Charley]

I gotta say if I saw a $150 buy it now for a LLL.net...I would take it immediately.

What do you mean here ? $ 150 for lll.net !

 

[nicedomains]

...like some of these "seasoned lowballers"

Personally, I'd never offer anyone under $7000 on an LLL.com in example nowadays -- it's fairly obvious they're all worth that now, so what really is the point of offering $50, $500, etc except to show how ignorant and new one is to domaining?

These being the ignorant "seasoned lowballers" with "newbie legs"

Oh God, I couldn't resist... LMAO

Well put. I agree.

I think lowballing is less common for LLL.com etc...

People in this thread may disagree: http://www.namepros.com/short-domain-discussion/474435-lll-com-owners-how-do-you.html

 

[Charley]

so what really is the point of offering $50, $500, etc except to show how ignorant and new one is to domaining?

A guy got few lll.com's from Internet Real Estate Group for dirt cheap prices which will never occur again.

 

[-REECE-]

Yes, I'm afraid us LLL.com owners will now have to suffer through months of additional spam lowball offers because every little newbie out there thinks this could have happened to them, instead of regarding it as an absolute freak occurence that truly was a once in a lifetime opportunity. If there was a chance in hell I thought it was possible, I'd outsource me some high school students to spam the hell out of all the owners myself -- but I know better.

A guy got few lll.com's from Internet Real Estate Group for dirt cheap prices which will never occur again.

 

[Charley]

Yes, I'm afraid us LLL.com owners will now have to suffer through months of additional spam lowball offers

You're registrar doesn't provide free whois privacy? That is the best way to curb spam emails.

 

[bricio]

I really screwed up. I should have offered the $150.

you sent the $100 offer...

my first thought was somebody who knows nothing about domains names wanted the name and made that offer
all of us make mistakes

 

[james2002]

So about a week ago I went into my Sedo account and added prices for all 300 domains in my account hoping to get a sale and more offers.

Today just got an offer on a LLL.net (ezx).

However to my surprise I screwed up and had a price of $150 on the domain!

I was like OMG no!

I logged in to see the offer ...it was $100. So I immediately cancelled negotiations and fixed the price. Right now there is a lowballer that's really pissed off for losing $1k domain over $50.

I gotta say if I saw a $150 buy it now for a LLL.net...I would take it immediately.

Lowballers are idiots.

I think at sedo, there is no buy now option. You can do asking price and even if you received low offer, it is good for you as your domain will have record of 1 offer and in future, there might be more offers.

Before cancellation, you can always counter offer like xxxx or xxxxx whatever you like.

Sometimes, I got low offer at $60 but after my counter offer, it went up to xxx or even xxxx.

Be patient!!!!

 

[snoop]

You're registrar doesn't provide free whois privacy? That is the best way to curb spam emails.

I think the spam issue from people wanting to buy domains is being overstated. I get one spam email every 2-3 months on each lll.com as an average, the latest one was a guy offering $6000. I tend to reply to them just in case. At the end of the day that kind of action actually bring efficiency to the market-ie people are going to get at least a reasonable idea of what their names are worth even if they take no notice of the domain name market.

 

[dotnom]

I agree that lowballers can piss off most of us
For Sedo there is a min price field to filter those requests, most of the domain owners don't use
For email spam from the whois info you can choose not to reply or reply with the requested amount

I received the last year many emails and offers from Sedo and TDNam for QWA.com that i sold in Sedo for 6300 Euro
Very few were real lowballers

The issue here is that we offer something for sale
The logical step is either someone asks for the price or suggest his own first
If we're rational and this will not heart our ego or the pride of the domain we will reply

Remember that sometimes lowballers are not ignorant newbies
I don't want to erase all of them because their price doesn't match mine

 

[Michael]

Great story, you dodged a bullet there