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.

 

[Slick Domains]

In Sedo, when you set a price, if they offer that price, you can reject it. Every name I own, including $x,xxx and higher domains are all listed at $60.00. When I get offers, I then counter with a realistic price.

This way it ups my bid count and gives me an idea of interest in domains. I know many others that do this.

In other words, if he had offered $150.00, you still would have had to accept the offer and obviously you wouldn't have.

 

[xman]

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 am not aware of this as well. I know with TDNam you can set the BIN but I don't think you can with Sedo.

Even if the the offer price was $200 you still have the right to refuse the offer.

I don't think lowballers are idiots but I must admit this one is an exception.

I've seen quite a handful of domainers getting good deals for a low price because they are lowballers.

 

[Rob J]

I think the sellers who accept lowball offers, who underestimated the true value of their domains are idiots. Lowballers are not idiots

Well not really idiots, just a bit naive. People make lowball offers because sometimes they are accepted. I don't know why people lowball at Sedo though, where the sellers are presumably in the domain business and know better. But endusers are a different story, find a good domain with an old outdated website on it and make a lowball offer, the owner just may be having money troubles or maybe they have no idea what it's worth.

 

[gazzip]

..... So I immediately cancelled negotiations and fixed the price.

How can you cancel negotiations straight away without countering ? Is that a Sedo Pro option or did you contact Sedo to cancel it ?

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:?

As far as I know if you set it to "Fixed price" then the offer page shows as Buy Domain and you have to sell at that price, it even warns the buyer that there is no negotiating done on the price.

( Max price the seller can set is £10,000 without paying for an appraisal)

...whether they pay or not is another matter !

.

 

[labrocca]

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

hahah...was that really you? And yes you screwed up.

For those confused. I had set min offer of $100 with asking price of $150. The reason this happened was because I have a LOT of CCC.nets for that price and I mistakenly made a bulk change that included that domain. Stupid of me I know. But mistakes happen. Had he offered to buy at $150 I wouldn't have sold. I would of rather close my Sedo account. I haven't sold anything there for over a year now anyways and while the parking ain't terrible..it's not terrific either.

There are a LOT of domainers who are cheap or bargainhunters. I certainly look for the deals and discounts. Here is a difference:

A bargainhunter would have snapped up EZX.net for $150.

A lowballer wants to buy a LLL.net with a $100 offer.

I am sure I have lowballed myself but I try REALLY hard not to. When I see a domain in the forums without a price it's difficult to assert what they want. Normally I PM and try to get a range so that I am not rude in an offer that's too low.

haha...great thread btw...

 

[mvl]

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

hahah...was that really you? And yes you screwed up.

LOL of course it wasn't me.
I think lowballing is a bad idea, not because getting a bargain is unfair, but because it is a very bad way to start negotiations.

 

[RegFee]

Had he offered to buy at $150 I wouldn't have sold. I would of rather close my Sedo account. I haven't sold anything there for over a year now anyways and while the parking ain't terrible..it's not terrific either.

Do you mean, if he had clicked on the buy it now button, you would have backed out on the deal?

...great thread btw...

Not so much now.

 

[Michael]

That's disappointing to hear you would have backed out on the sale and get your Sedo account closed. Had iReit done the same thing when they messed up on the LLL.coms on AN wouldn't you have been up in arms about it?

 

[HuntingMoon]

what gets under my skin is a buyer who negotiates a price and then at the time of payment tries to negotiate again. those are the worst.

the buyer offering $100 on your sedo name was a blessing in disguise at least for you.

 

[nicedomains]

what gets under my skin is a buyer who negotiates a price and then at the time of payment tries to negotiate again. those are the worst.

Yea that's annoying. Equally annoying is when they post "sold" in your thread at a fixed price then pm you with some sort of bulk discount offer.. Happens on DP all the time, not so much here though.

 

[dezinerite]

Wow, that was so stupid of him, haha. :D He really missed an opportunity...and you were lucky an idiot found your slip. :D

 

[labrocca]

That's disappointing to hear you would have backed out on the sale and get your Sedo account closed. Had iReit done the same thing when they messed up on the LLL.coms on AN wouldn't you have been up in arms about it?

ireit can take the hit and their reputation is ultra important...while it's important to me as well I can't see telling my wife I just sold a domain for $90 when I just spent $800 buying it...I don't need my Sedo account that badly.

If I made a sales post here for a LLL.net and instead of posting $1500 sale price I accidentally posted $150 I think people here would understand a mistake was made. Mistakes in pricing DO HAPPEN. If it's egregious and obvious it shouldn't be held against you backing out.

As a matter of fact I snagged a deal earlier in the year and the guy told me he priced it wrong. I 100% believed him and allowed him out of the deal. I don't hold people to their mistakes and I would expect the same kindness in return.

Would I risk my Namepros membership and reputation over $800? Probably not. Sedo can go to hell though.

 

[raredn.com]

As a matter of fact I snagged a deal earlier in the year and the guy told me he priced it wrong. I 100% believed him and allowed him out of the deal. I don't hold people to their mistakes and I would expect the same kindness in return.
.

I think this is right. It would be wrong IMO to extort a domain name out of someone if they told you they misspriced it and sorry it was a mistake, which is quite obviously the case in this situation. It doesn't take to much to work out that $150 for an LLL.net is an accident

I mean if the seller wanted to accept $150 and they were happy with that (that is what they wanted) that is fine. But in this situation this is not the case

 

[-REECE-]

I know a few sellers on Namepros write something along the lines of "I'm not responsible for any errors and reserve the right to cancel the transaction and refund your money" in their listings.

I really wouldn't mind someone backing out of a sale to me if they made a large pricing error and immediately notified me of it -- forgetting a zero would certainly fall into the forgivable category as far as I'm concerned.

ireit can take the hit and their reputation is ultra important...while it's important to me as well I can't see telling my wife I just sold a domain for $90 when I just spent $800 buying it...I don't need my Sedo account that badly.

If I made a sales post here for a LLL.net and instead of posting $1500 sale price I accidentally posted $150 I think people here would understand a mistake was made. Mistakes in pricing DO HAPPEN. If it's egregious and obvious it shouldn't be held against you backing out.

As a matter of fact I snagged a deal earlier in the year and the guy told me he priced it wrong. I 100% believed him and allowed him out of the deal. I don't hold people to their mistakes and I would expect the same kindness in return.

Would I risk my Namepros membership and reputation over $800? Probably not.

 

[sibaong]

Just got one today ($60 for NLL .com) and I sent it to auction



I sedo lowballers :D

 

[Charley]

I sedo lowballers :D

These are not low ballers, but high ballers :D

 

[Archangel]

end user maybe doesn't know (doesn't care / isn't realized) what the minimum price for short domain. They just make offer that meet their budget ...

There really are ppl out there who don't realize how the domain thing goes. I heard of a guy who tried to reg msn.com. He wound up putting it on backorder

 

[dezinerite]

There really are ppl out there who don't realize how the domain thing goes. I heard of a guy who tried to reg msn.com. He wound up putting it on backorder

Haha, that's the funniest thing I've heard today. :D

 

[Charley]

There really are ppl out there who don't realize how the domain thing goes.

They think that, good domains are really cheap and owners will sell it for their prices :o