Never Give the First Price

[@Denisovans]

Never Give the First Price

Particularly, if you hold a hot domain name. Chill the nerves, say no.. (if he WANT$, he'll be back)

There is always that scenario for the buyer that really wants it (one of a kind) where if you gave the first offer x,xxx and later realize could have gotten xx,xxx etc.

..or with domaining about to catch fire (ICANN holds ridiculous GTLD applications) then there is a possible xx,xxx when someone might have gotten xxx,xxx and so on..

Sometimes just a question like how much are you willing to spend can make a big difference

Appreciate your best domains pipol !






Kind Regards,

@Denisovans

 

[Name Trader]

In my experience if you force somebody to give the first price. It only encourages them to lowball you. Then anyway, you have to give a price if you want to sell the domain. You are selling the domain, you should have a good idea how much you want for it. So I don't concur with the principal that you must make the buyer give you the first price. To me it shows that you have no idea how much your domain is worth. I always lowball or don't respond if a seller insists on me giving a price first.

 

[ommedu]

I always like to set my own price for the domains I sell, that way I don't feel too bad for letting a good one good for too cheap.

 

[johname]

I would never say never.

Its kinda on the both ends of the bell curve(my view on using it):

If its a name that I feel its time to roll it out the door (essentially dump) I like to at least give the buyer a chance to offer me more than I would ask in a liquidation senerio.

On the higher end asking them to offer first at least tells you if there someone you can work with and worthy of your time.

Some people get real pi$$ed if you dont have a number to provide them. They look at your ownership of the domain is only to sell it(since its parked etc), so surely you have an amount.

But mostly I feel you should have a number and provide it.

 

[Domainace]

There are plenty of arguments both ways on this. One is that the person who sets the first price creates the "anchor" around which all further negotiations are built. One argument against it is as said above, you might have a very hungry buyer.

The only thing that I would insist on is that the seller states a price when actively soliciting buyers. Nothing more annoying then getting an email offering a name, and then the seller suddenly getting coy when I ask for a price. It's highly unprofessional, and rude.

If the buyer is the one who initiates contact, then either way is fine, depending on the circumstances.

 

[twomoon]

Agree with you guys.

1. When I'm actively selling a domain name I always need to have a price in mind.

2. When someone is asking me if domain is for sale I'm also almost always telling my expected price. Cause for me it's kind of stupid - I'm selling something and I don't know how much I want for it.
An example: I'm a vacuum cleaner seller, I have a shop. You're calling me and asking how much? My response: give me an offer
Of course there are different sutuations. When you can't figure out who exactly contacted you (is it a student or is it a big company) - you could say something like that: well, I regulary receive offers on this name in a ..... range. If you're offer would be higher (or something like that) we could talk.
Or sometimes you could say "domain is not for sale" - I do it for my good domains sometimes, cause for example if I valuate a name in a say xx,xxx range - I won'f accept any not serious offers. And if it's a serious company and they really want the name - they would come back with something like that: "Ok, we could offer ...... . It's still not for sale?".
Everythin depends, but I prefer to have a price in mind and to tell it.

 

[GiftedDomains]

If i proactively am selling a domain, like sending emails to potential buyers, then i have a price in mind which i also mention if someone replies back.

But when someone contacts me and asks me if the domain is for sale, sometimes i ask him what he wants to pay. But not always. It depends on the situation and the domain.

 

[Name Trader]

The OP is saying never give them the price first. I don't concur with that. Mostly people are coming to me inquiring about a domain. If they don't give me a price and don't ask for a price, I ask them for a price. I always get lowballed at that point, and I always lowball (or not reply) if asked to go first. So who goes first is not set in stone. You are setting some parameters when you go first, so why would you want to set the bar high, as a buyer? I always (well nearly always) respond to lowball offers with my price. Which to my mind is about the same as going first. To my way of thinking a lowball offer is simply a way to start negotiations. Of course 98% of the time I get no response, or a rude response. If you are asked for a price, you better be able to give a price and not go dancing around asking the buyer for a price.

 

[ivansilvio]

I usually set my own price for the domains too.