Negotiation advice

[aazevedo]

hello

I've been approched trought my email at whois by a movie marketing company, asking me if i was selling one domain, i said i was selling it and asked them for an offer. They replied making an $500 offer.
$500 is good as it only cost me $5, but how can i get more without scaring them away?
What should be my next step?

thanks

 

[slantednet]

What's the value of the domain, without their approaching you? Have you had it appraised?

In any case, they're going low... so you go high. Say something like $1500, and let them come closer to you...

 

[aazevedo]

i put it on appraisal on this and other forums, but no one appraised it.
i was hoping to aim at $5000 as they probably have the money, but i dont want to scare them.

 

[Jeff]

What's the domain name, and who's approaching you for it at this time? :talk:

Thanks for the assist.
-Jeff

 

[aazevedo]

edited

 

[slantednet]

well, it's called negotiations for a reason. Don't shoot too high to be not considered serious, but high enough that they'll come back lower... then you negotiate.. get concessions... maybe a link off their site for agreeing toward their "low" price...

Maybe it's worth it to get a "professional" appraisal somewhere so you're armed with the "true" value of your domain?

 

[Michelle]

The problem with appraisals is the value to the end buyer

A name is always going to be worth more to someone who "really" wants it.

I would go back higher as they would be silly not to try and offer low imo

Let us know :tu:

 

[equity78]

Tell them thnak you for the offer but htat you have turned down higher offers in the past . Tell them you know the value of the name and currently have it slated for devlopment By a high end Web Design firm. Tell them this is not your only name slated for development so you would consider a sale for $5,000. Gives them room to come back at say $3000 and you could sell there if you like the price. IMO

 

[aazevedo]

i got a little greedy :o and asked $10000 for it.
now i just wait and see.

 

[gazzip]

i got a little greedy :o and asked $10000 for it.
now i just wait and see.

The Who Dares Wins approach !!! - hope you get lucky, I would remove details of who they are in your post above as this will get picked up quite quicky in search engines as far as I know (only my opinion, but something to consider perhaps).

Good Luck and I hope you get a good sale from it :lala:

 

[tipsfromthetop]

lol jump in there with the 10 grand.. If they reply then my hat is off to you.

 

[aazevedo]

tanks for tip gazzip

im feeling lucky today, finished 8 in poker tournament at poker.com

 

[gazzip]

Good Luck, Let us know how you get on

 

[floatingworld]

10000, yes that should kill it off, sayonara sale.... :td:

 

[aazevedo]

if this didnt work, this sould be nominated to how to not make a negotiation, or something like that

 

[scrsteven]

10k is a hardcore response to a 500 offer. I would probably counter with $3500

 

[floatingworld]

The idea that every offer requires a multiple * n is very silly. The question you should ask yourself is how much did you think it was worth before the offer. If that figure is below $500 then accept the offer. I re-iterate the shadow mission statement of Namepros "A fool and his name are never parted".

 

[aazevedo]

just got a response

"a little too expensive for me"

 

[tipsfromthetop]

Then reply, I am open to offers and i will consider it.

 

[VisualArtistFrankBonilla]

Reply , and tell them your are open to counteroffers. Maybe they will reply with a low $x,xxx offer. Worth a try. Let this be a lesson!!! Don't get greedy!!! Ha! Just kidding, it's your domain. YOu will probably get more offers in the future anyway.


Frank