Offer received but confused on what to do plz help.

[DomainBizMan]

Hello,

I have bought and sold many domains but this one is giving a bit of trouble so I need the help of a more experienced buyer/seller to sort of guide me.

Recently I received a $1100 offer on one of my domains (privately via email). This was the initial offer the potential buyer came up with. So now it is my turn to either accept or counter. I definitely feel that the buy has potential in paying more for this domain but I am suck on what I should counter with or just simply accept.

What is sort of like a general rule in countering offers? Especially if the first offer is in the XXXX range?

If I certainly feel that you can help me I don't mind disclosing the domain name to you.
Thanks in advance guys!! I really appreciate it.

 

[ripley]

As with everything, it depends entirely on the domain and the company. If they're willing to offer $1100 out of the blue, they clearly a) have money and b) are willing to part with some cash for a domain. Beyond that, without knowing more specifics (and I understand why you're keeping them secret), it's hard to say, though.

Good luck.

ripley.

 

[DomainBizMan]

Ripley,

Thanks for the quick reply.

The thing is the amount they offered is way more than what I would sell this domain for if they didn't come off with such big initial offer. But since they did, I want to get as much from this domain as possible. Do you think it would be wise to counter their offer with a 30-40% increase? maybe more, maybe less?

 

[ripley]

If you'd like, PM me the domain and who's made the offer and I'll see if I can offer some more specific advice.

ripley.

 

[AWRosey]

They are not asking you to get an appraisal are they?

 

[mosilager]

:imho: run with the offer, after all, it's higher than what you expected to sell it at, right?. being too greedy might just hurt you!:D

BTW you seem pretty experienced, but thought I'd ask anyway, they haven't ask you for an appraisal or anything like that, have they?.

 

[shane mac]

They took the time to search you out and made an official offer for the domain.I don't think simply accepting the offer is a good idea.There is room to move here.My advise would be to counter with a $3500 price.They will probably offer $1600.Do some research too incase a product or service is being announced which co-incides with your domain name.

If they offer 1100 upfront that is always the fallback amount.Remember they want your domain,not the other way around.They made the running,made a good cash offer.You hold all the ace's right now.So don't low ball yourself.

If you want to pm me the domain I will look around for you and see whats in the offing.

 

[DomainBizMan]

No, lol I have been a victim of the appraisal scam a few years back but this is certainly a real inquiry. Ripley I will shoot you a PM in just a little bit. Thanks.

Mosilager, maybe you are right... but xxxx offers out of the blue are rare for me and for most of us in this business so I am trying to see how much I can get out of it.

 

[Nattydomain]

Best thing to do is google their email address and see what they been up to. If you know the company then research them. Whatever the domain is show them other domains similar that were sold for more then their offer to show them there under the money and raise it just a bit but not to much to show your not some money hungry freak

Other then thet if you cant do any research then take the money and count it as a great income out of the blue!

 

[DomainBizMan]

Thanks guys, I replied with a counter offer. I will post here how it turns out!

 

[HuntingMoon]

accept offers that are above your expectations and take a profit when you can

 

[shane mac]

I think in every domain sale there is room for bartering.I think in this instance the domain will get more than 1100 that was offered.It will maybe take a day orso longer to get it sorted but its worth the negotiations.

 

[MicroGuy]

accept offers that are above your expectations and take a profit when you can

EXCELLENT advice that many never seem to grasp. IMO.

 

[DotWeekly]

It is vital to Know The Buyer!

Phone calls are good to get a better feel.

Go with your gut. If your happy, take the offer. If you want more, ask for more.

 

[JoshuaPz]

Best thing to do is google their email address and see what they been up to. If you know the company then research them. Whatever the domain is show them other domains similar that were sold for more then their offer to show them there under the money and raise it just a bit but not to much to show your not some money hungry freak

Other then thet if you cant do any research then take the money and count it as a great income out of the blue!

I second this advice and encourage you to contact ripley or me if you'd like tailored help for your situation.

Initial offers out-of-the-blue reveal absolutely nothing about how much the company is maximally willing to pay. I once received a $2000 offer and the company held firm at $2000; another time I bid a company up from $100 to $675 and a third time from $250 to $1015. The results from one domainer's specific experience (which will inevitably bias his/her advice) has no bearing on how your negotiation scenario will play out.

As Yofie stated, a phone call will help you gauge the client's identity and level of interest.

If (1) your research proves inconclusive (e.g. you can't identify the buyer), (2) you feel you won't be able to flip the domain for anywhere near $1100 on your own, and (3) you could really use the cash, accept their offer and reinvest $700 of it into a dozen higher-quality domains.

 

[copper]

Just because buyer has money doesn't necessarily mean he/she will pay more.

I had one buyer offered $2K, I insisted on $5.5K and buyer did not reply.
I resent email accepting his $2K offer 2 weeks later. Buyer never replied back.
So, that sale is lost. But, for this domain, I know there are potential buyer for mid to high $x,xxx

Had huge german company with offices all over the world contacted me about
one domain I have. I got greedy and another lost sale.

Got offer of $1.5K and lost that sale because I asked for $4K.

It goes on and on.

But, I had $5K sale for a reg. fee domain started from $150 initial offer.
This is very rare case. I really did not want to sell it because I wanted to
develop it and the buyer MUST had to have it.

I can clearly see I would make much more money if I knew when to stop pushing for more.

 

[DnEbook]

If the offer was more than you wanted and you didn't accept.... you just got greedy , hope it works out

 

[gafadi]

well like you said it yourself ? you got offered more than you expected right ? then the right move would have been to take the offer and enjoy the unexpected profit but well you did counter offer so good luck and hope it goes thru

 

[DomainTalker]

Yes, its very difficult.

I have an offer, by email, on the table right now from a verified end user. I've researched the company - Its a long established US company with 5 US branches, and international connections. The domain is the absolute perfect descriptor .com for their business.....But...

...their opening offer is $250!!

This name is a solid $xx,xxx name, imo.


Either their opening offer is just a device to get a conversation going - Or, they simply have no idea about the real value to their business of key domains.

Either way, it hard to know how to sensibly respond.

What I've done is reply with a detailed explanation of how/why key domains are very valuable + a link to DNF's current YTD sales for 2009 + asking them to make another offer, suggesting as a guide that they should be thinking solid 5 figures (but, NOT suggesting a number myself).

My view is if the are serious, they should make a realistic offer....And, if they don't, then I won't give the thing away.....We'll see what happens.

.

 

[ezimedia]

HI

DomainBizMan... you have some really good replies.. to your post.. and I would be interested to hear/ like us all would how this works out for you...

My two bit is to research them if you can and see who they are and then try asking for more... and if you feel they would not pay more... take the money and run

Nice position to be in...

Tom