advice Need urgent help regarding outbound inquiry?

[Coinking]

Hi,
Today i sent a email a company via website contact form regarding domain available for sale and company using hyphen domain and i have exact name without hyphen and i just received email from company and their reply is "
Hello,
We have not considered it. How much are you asking for it?"
Plz suggest me company interested or not in my domain?

 

[iAchilles]

Hi,
Today i sent a email a company via website contact form regarding domain available for sale and company using hyphen domain and i have exact name without hyphen and i just received email from company and their reply is "
Hello,
We have not considered it. How much are you asking for it?"
Plz suggest me company interested or not in my domain?

This is all assuming there are no blatent TM issues with your domain.

Before contacting them I would have done a few things differently. Set the name up on a lander and add Google Analytics. Ensure traffic is bot filtered via htaccess and GA options (you'll need hosting).

This gives you an idea of what and how much data they are leaking. I'd then try and understand what their likely yearly turnover is, if that information is not in the public domain.

It's all well and fine dropping sound bytes in an outbound mail, what you really want is tangible data to back it up.

You also need to assess the value of the website to the company, do they process orders for goods or services online, or is the site more of an information/business card?

It's impossible for anyone here to answer your question without knowing the name. I wouldn't get too excited, most "how much" questions are followed by radio silence.

 

[Embrand]

Didn't you consider your asking price before sending the enquiry?

 

[Bob Hawkes]

A really great answer by @iAchilles !

I would have had a figure in mind before the first contact, but look only forward! It is very positive that you got a reply at all!

I would look on Afternic, Sedo and Undeveloped to find the most similar names you can to yours, and see what they are asking. Now a lot of people ask crazy high, so don't think a super high means you will get that.

Next I would go to Namebio, and try everything possible to find comparators. For example, if it is a two word name, try sale that lead with the first, and then a new search that end with the second, etc. I would note the few that seem most comparable and use that as guidance in setting your price, and also to justify the price.

Next I would go to GoDaddy GoValue and see what they say it is worth. Now that may not be even ballpark right, but if higher than you plan to ask is good bargaining information. Don't just look at the price, look at their comparators. I find they often have some not in Namebio.

Next I would try the name in Estibot (2 evaluations per day are free). As well as a figure, they will give you lots of data re Google searches and CPC by advertisers that may be helpful to know.

Now you are ready to make a response. I would decide what you think is a fair price that you would be happy with, but also justifiable on data, and add maybe 30% to that. I would give them that price, but with some wording showing that you are open to negotiation.

A super key question is whether the name is potentially useful to others than this company. If not, then I would really be flexible and try to seal the deal. If others in industry might use it, it might make them more keen to not let the opportunity pass.

Best of luck, @Coinking !

 

[hwgriffi]

"Hi,
I am the owner of domain.com and currently selling this domain, You acquiring?
Benefit of acquiring:
You can redirect this domain to your site because it without hyphen and Potential traffic you can get.
Thanks,
Name"

If someone sent me this eMail I would either ignore it or only pay a few hundred dollars.

Expect that. Maybe that is your target bro, I don't know.

The sentence structure and grammar are very poor. If you are going to be doing outbound business, your first step should be learning how to write a business eMail.

I am not being mean, just being honest. I know everyone is not a native English speaker, but that does not mean it's acceptable to write poorly when there are a million videos on YouTube that can teach you how.

If you want professional money, you have to look professional.

Can't go back on your first impression so ask for an amount that you are okay with, expect them to counter for less, and then ask for an amount somewhere in between your suggested price and their offer.

Good luck.

 

[iAchilles]

Without knowing the name, it's hard to say if the price is fair, however if the domain has limited range of potential users, it may be your only chance to sell and the $300 may be a score. My two cents. Good luck.

EDIT. It, doesn't mean you should not try to get a better price.

I gave the OP a hand with his emails. The end user thinks that having a hyphen strengthens their brand . I outlined a number of problems using them poses, and backed it up with an article that touched on some of my points and some.

The end user is unfortunately utterly clueless. The OP has a few more options to target but thankfully left the email exchange with the offer still on the table, if he can't sell elsewhere he can come back and accept it.

 

[hwgriffi]

your english writing skills don't effect the domain value at all
only your negotiation skills

Outbound is 100% about negotiation and sales skills, not the "value" of the domain.

So yes, you are right, but when you are doing outbound with domains that you bought for reg fee to $xxx and want to sell for $xxxx to $xxxxx it is all about your skills as a communicator (sales, presentation, negotiation).

If you sent me an eMail like your sample it would tell me three things:
1 - You don't care enough about yourself, or your product, to present your valued asset professionally.
2 - You might not have the means to educate yourself, so you would likely accept pennies on the dollar just o have some money.
3 - This might me a 3rd world scam.

Again, I'm not trying to be mean or nasty, I am just telling you what a person in the business world would think if they saw that eMail.

You can master communication and writing! You just have to do it. You can do anything you put your mind to. Never limit yourself or accept less than the best.

 

[Haykay2005]

If the price fair, they might consider buying. Its either the domain is not their priority or negotiation tactics from the beginning to work on your brain

 

[domains21]

Well you could check out namebio and Sedo etc to see what similar names went for and are being asked for now (I can hear Rick of Pawn Stars now: "Asking, or Getting?"). At the end of the day, you should have a figure in mind that you would be happy with.

Best of luck with the negotiation!

 

[shaarani]

Well answered @MetBob, I would also include in the response a few examples of what similar domains sold for. I find that this helps adjust the buyer's expectations and establish trust, as buyers often feel being taken advantage of.

 

[nitg16]

You won't get a perfect answer from any automated appraisals. You should look for these factors before countering/sending an offer:

• Buyers' ability to spend money and past turnover/profit records if available.
• If you don't close this deal, do you think you would get another buyer? Would you renew the domain? Are you willing to take this risk?
• Similar sales reported in the past.
• Popularity and expected growth of the niche.

 

[iAchilles]

It was nice of you to do this but, in my experience, if someone needs influencing after the first two communications they are likely not to buy.

Educating the buyer over several communications is a waste of time, as I am sure many NPers can attest to.

For the reasons you posted above (1,2&3) I was trying to salvage the situation for the OP. An opportunity was potentially lost due to the lack of preparation.

 

[branding]

The end user thinks that having a hyphen strengthens their brand .

It's not very uncommen. Like mentioned before on NP, the German market loves hyphens. I picked up the unhyphenated .com of a german company 2 weeks ago after they let it expire.

Dropped them a mail right after, explained the value to them and handed it over for regfee plus some for the time/effort. I did this on purpose as I had some domains for sale in their niche.

Two days later they approached me for 2 domains I had listed for sale and made some nice profit out of those.

 

[Coinking]

If someone sent me this eMail I would either ignore it or only pay a few hundred dollars.

Expect that. Maybe that is your target bro, I don't know.

The sentence structure and grammar are very poor. If you are going to be doing outbound business, your first step should be learning how to write a business eMail.

I am not being mean, just being honest. I know everyone is not a native English speaker, but that does not mean it's acceptable to write poorly when there are a million videos on YouTube that can teach you how.

If you want professional money, you have to look professional.

Can't go back on your first impression so ask for an amount that you are okay with, expect them to counter for less, and then ask for an amount somewhere in between your suggested price and their offer.

Good luck.

Yes, english is not my first language.
Thanks for the suggestion.

 

[karmaco]

You have no business emailing anyone if you aren’t prepared with a price. Very unprofessional and it undervalues the domain name if your email is not in proper English.

In the future, email a link to a lander with a buy it now and know why and how much before you make contact.

 

[iAchilles]

I had a look at the domain and the OP needs to get a broker with fluent English to call them up on the phone to explain the merits of acquiring it.

The name is a bit awkward (one plural kw where the singular is way more desirable and valuable) but he does have other options to explore if this falls through, however, this is the one end user they can likely extract the most from as it doesn't hold the same value to others.

It's funny, the company actually uses the KW as an acronym, a case of the stars aligning for the OP.

Best of luck with negotiations.

 

[LamsuanlunT]

How much are you asking for it?

I think this shows certain amount of interest. And I must say it will now totally depend o=upon your pricing. You can quote a price and be flexible like "open for negotiation".

 

[Coinking]

Did he make an offer?

Yes but low under $300

 

[hwgriffi]

I gave the OP a hand with his emails. The end user thinks that having a hyphen strengthens their brand . I outlined a number of problems using them poses, and backed it up with an article that touched on some of my points and some.

The end user is unfortunately utterly clueless. The OP has a few more options to target but thankfully left the email exchange with the offer still on the table, if he can't sell elsewhere he can come back and accept it.

It was nice of you to do this but, in my experience, if someone needs influencing after the first two communications they are likely not to buy.

Educating the buyer over several communications is a waste of time, as I am sure many NPers can attest to.

 

[Coinking]

For the reasons you posted above (1,2&3) I was trying to salvage the situation for the OP. An opportunity was potentially lost due to the lack of preparation.

Because it was my first outbound inquiry that's why i was very excited.
I am learning and hopefully next time will better negotiation.

 

[LucidDomains]

Make it your first sale and take the offer.

GL

 

[Coinking]

If the price fair, they might consider buying. Its either the domain is not their priority or negotiation tactics from the beginning to put you off

But i can't expose the domain name.

 

[Coinking]

But i can't valuate the domain worth

 

[Haykay2005]

But i can't valuate the domain worth

It depends on the company's ability to buy. You should answer that. No one can advise you without details

 

[Coinking]

Didn't you consider your asking price before sending the enquiry?

I just sent a simple email is:

"Hi,
I am the owner of domain.com and currently selling this domain, You acquiring?
Benefit of acquiring:
You can redirect this domain to your site because it without hyphen and Potential traffic you can get.
Thanks,
Name"