Hi, Thks for the reply.
1) No I don't
2) 3 months. Have not done any pro active marketing except listed on my website so no offers.
3) wide range from $200-$2000
4) no
Having answered all that, I know which direction to take now.
If you can, try to find out possible information about the buyer. Try that he responds from his official email, or you could try negotiating over phone(requires skills), its not easy to fake a phone number, a new email can be generated more easily. Try to google search his mail id, and see if some clue is there.
Without pro-active marketing, the first offer of 500$ is decent in first three months.
Since the range for such domain name sale is 200-2000$, first offer of one fourth (25% of 2000) makes it look decent again.
Since the answer to the fourth is no, the negotiation skills shared by a namepros member (sorry, don't remember the name, but I liked this approach....thx to the member) can be helpful.
"Under those circumstances my preference is to neither say yes or no, but to instead start closing the deal while simultaneously feeling them out to see if there's a possibility they might go higher. What has worked for me is something along the lines of :
"Thank you for your offer. That's quite a bit less than what I think I can get for this domain, but I'll think about it. What's your time frame for making a purchase? Is this for right away or for sometime in the future?"
If the buyer can go higher, he'll often come back with a better offer to improve his chances of getting the domain even though I haven't actually turned him down. If he can't go higher and he's serious, he'll get the impression that you'll be willing to give him a better deal than he could otherwise get provided that he's willing to do the deal immediately. In that case, he'll come back with a response like "right away". Once you get your answer, the next question to ask is:
"And would you be covering the escrow fee ( about $xxx )?"
That almost always gets a yes. So now you've got a buyer committed to a time frame, and a price before you've answered him about whether you're willing to take his offer. The next thing I usually say is:
"Ok, I'll talk it over with my partner [ I don't have a partner ] and get back to you by tomorrow. In the meantime, if you think you might be able to improve your offer let me know because that would definitely increase the chances of this deal moving forward."
Whatever happens next, you take the deal and the buyer will be grateful to you for having made a concession even though you haven't made any. This tactic has had a very high success rate for me."
Hope this helps!!!!