advice Negotiation advice when selling gambling domain

[bowskie]

I would appreciate any feedback on the following:

I currently own a .com domain that could be used for an online casino. (I don't want to disclose the domain due to the potential ongoing negotiations of the sale).

I purchased the domain as an investment in 2015. I have now been contacted by the GoDaddy brokers team saying that they have a client that would like to purchase the domain from me. It looks like the .net domain name is being used by the client already and is a Chinese branded online casino.

The offer is $6000.

Obviously I would like to get as much as possible from the sale, but do not want to lose the potential interest by asking for too much.
That being said if a gaming company is after the domain for a new website, it should give me some room to ask for more right?

Does anyone have any experience in a situation like this (or similar), that could offer advice on the negotiation process?

Thanks in advance for your time.

 

[barcher]

The guy deleted his Gmail and now I cant contact him back to accept.

Look at it another way @Avtar629 you may have just dodged a bullet there. If a person deleted his gmail after just one conversation, then he wasn't intending on keeping that gmail long term anyways. Which is the habit of someone who sets things up to pull a fast one.

People with money, don't hide behind need to delete email boxes. After all, most email is actually real identity semi anonymous anyway, and realistically, if a person with the money to buy, sets up a email to negotiate, they can leave it there and simply not reply, if they are not interested or put off by the amount in your reply to their offer.

 

[fetariq]

Probably won't work but worth a try

20% of $6000 is $1200.

I think escrow.com is only 3-5%?

Easy math right?

Good luck! Wish I had a $6k offer these days

If you got offer from Godaddy broker then there will be no commission. You will get 100% of your money. I got offer for $300 of one of my 5 letters domain from Godaddy broker last week. I counter offered for $850 and the negotiation ended at $575. And I received whole $575 to my paypal without any deduction. The same thing last year I got offer for another domain and negotiation was ended at $900 and I got whole $900 into my paypal account without any commission from Godaddy. If you sell by yourself then you have to pay 20% commission to Godaddy otherwise you are good.

 

[DU]

“F*tc*t” is a great image for gaming and luck

I love it when OP masks the name and then someone unmasks it. It probably doesn't matter but it's bad netiquette

If you got offer from Godaddy broker then there will be no commission

Correct. GoDaddy has already taken it off the top so the offer is probably closer to $7500.

You can probably use the commission wiggle room a little - GoDaddy won't ruin a sale over commission, it's bad for their rep and loses them money in the long term. The name itself isn't that great....... imagine getting off the ramen noodles for a bit. Live the High Life.

 

[WhoaDomain.com]

Look at it another way @Avtar629 you may have just dodged a bullet there. If a person deleted his gmail after just one conversation, then he wasn't intending on keeping that gmail long term anyways. Which is the habit of someone who sets things up to pull a fast one.

People with money, don't hide behind need to delete email boxes. After all, most email is actually real identity semi anonymous anyway, and realistically, if a person with the money to buy, sets up a email to negotiate, they can leave it there and simply not reply, if they are not interested or put off by the amount in your reply to their offer.

WOW! Never thought of that. just figure it was standard operating procedure for Chinese. Perhaps a Chinese 4.cn Broker?

my other worry is maybe it's was phishing tactic. luckily I never click on links in emails. he did have a link to Escrow.com I mouse over to it and seemed harmles enough sa it showed the linked Sedo.com

but as a rule I never click links on emails unless it's from someone I really know.

but I did get paranoid though. "did I click that link?" lol yikes! needless to say that day I changed all passwords. a total Pain in the Rump.


thanks for this post. made me feel better. although that $5000 woulda been nice for renewals! lol eeehhh no point in crying over spilled milk! Moving on!

 

[nothere]

He offered $6000 on the first offer. He's probably prepared to pay twice as much and maybe more.

If they're using the .net, you hold the cards. But, how long can you wait to make a sale?

 

[bRionZ]

Hold and sleep!
Forget it and follow your mind.

 

[lock]

Advertise the domain on godaddy for your desired price and direct all emails to the buy now page and be done with it. Tell them you will not negotiate further and have put the buy now price up.

 

[JoeE]

The domain without the Bet part is available for 88K BIN, that domain is a premium brandable name that can work for their business as well, and I'm beyond sure that they are aware of it since they've trademarked that part of the domain name. I think 6K is reasonable for this domain, and if you want to try your luck, your counter should not be more than 10K UNLESS you don't really need the sale and can gamble knowing in advance that you could lose the current offer. I am certain that most people here lost reasonable offers because of greed (or the ever-present dream of that big juicy sale), and they're probably sitting on these domains right now with no serious hope in sight.

* Take the offer, or counter with 10K max *

 

[DiogoP]

I would like to know how this ends

 

[sophia davis]

The casino players have a lot of money but they still negotiate

 

[4better]

Latest status?

 

[kandle]

stumbled across this...curious to see what happened here.

 

[hugegrowth]

Any outcome yet?

 

[bowskie]

Hi Guys,

I apologize for keeping you all waiting on what happened.

Long story short the interested party thought they were negotiating in their local currency. Meaning the $6000 offered via GoDaddy was about $200 - $800 (depending on where they are actually based).
I will just have to wait and see if they come back once their brand is more established.

The silver lining is that I have now started domaining part-time and am enjoying learning, although like most newbies learning the hard way by burning money!
In retrospect I would definitely have just taken that $6000 straight away (if it were actually a serious offer).

Thanks for all of your input before.

 

[sgtppr]

They need that domain so I would probably counter pretty big and see if they negotiate. Then play it by ear. If it were a generic I would approach it very differently.

 

[atinc]

I have my doubts about this offer, sounds to bizarre for such a name.

Wise comment. I was thinking the same.

Long story short the interested party thought they were negotiating in their local currency. Meaning the $6000 offered via GoDaddy was about $200 - $800

Sorry Man. It was too good to be true.
You still have your chance to sell it here since there are some domainers who really liked your name.

I was just about to say.

"Why not fat*cat in bet?"

And checked whois it was just regged today
Someone reading this thread got the idea to reg it.

I would love to see that sneaky domainer`s face while reading the update here

 

[CK_Yau]

sedosedo1 - are you checking the .com or .net?

The .com I own is dormant and has never been used. The .net is owned by someone else, and I am assuming it is this client that is using GoDaddy as the broker to try to buy it.

Looks like I read this thread too late

How did the sale turn out?

I have just checked both sites - looks to be run by different companies in the same niche!