.mobi Offer should I take it?

[broadwayad]

I have an offer of 1K for i29.mobi. I havent payed attention to the market in a longtime. Should I take this offer or is it worth more?
Thanks

 

[mjnels]

fair offer, id accept it if it were mine.

 

[DomainTalker]

Agreed.

.

 

[Keith]

I would take the offer ASAP!

 

[broadwayad]

Thanks im going to sell it

 

[newdomainer.mobi]

http://www.multiplay.co.uk/i29/

Seems to have a lot of references to multiplay gaming... but even so I think $1,000 is a decent offer; there is no harm in replying that you appreciate the offer and that you were looking for slightly more than that but can offer to sell at $1,628 inclusive of escrow fees, 2 years extended registration fees plus all transfer & admin fees.

(I.e. you sell the package which will cost you $100 to offer & get another $528 back from it - you don't need to spend a cent until you have their money in escrow, then you pay your registrar for 2 years renewals & Bobs your uncle..)

You should remember that it is your sales (a small % of your portfolio) that cover the costs of your renewals (a large % of your portfolio) so make the most of them... if a buyer has $1,000 set aside for your name + fees, I'd be happy to bet that they would have no qualms finding another $500 for it (Even if they counter offer at $1,250 you've still made another 2500% on your $10 investment (a big difference don't you agree)

Just my opinion (I take the same approach myself & have never failed to negotiate a price higher than the 1st offer) Please do as you see fit but if the buyer wants the name, they want the name so don't be soft (for all we know they could well have $5,000 set aside for it but they are starting low for obvious reasons).

If you feel like it; any extra cash you make - donate 10% to "Thesmiletrain.org" for the advice

 

[mjnels]

actually, there is harm asking for more money and then having to possibly backpedal.

all this rocket science just doesnt apply... $1,000 and $1,600 is the same thing in my mind.

if the domain isnt anything special to you my advice is to sell it for *whatever* amount you can get, and keep going.... on to the next name.

 

[hedgefund]

It is a good offer. Take it. OTC.mobi only sold for $1200 at sedo two days ago.

 

[newdomainer.mobi]

actually, there is harm asking for more money and then having to possibly backpedal.

all this rocket science just doesnt apply... $1,000 and $1,600 is the same thing in my mind.

if the domain isnt anything special to you my advice is to sell it for *whatever* amount you can get, and keep going.... on to the next name.

This depends on the buyer; domainers often sell themselves short when they have a strong buyer & then expect miracles when they try to dump names on the aftermarket.... an end user who approaches you for a name (or even a broker / agent) is doing so not 'on the off-chance' that they 'may' be interested in the name, they are in the market for your name... there is no more chance of a sale collapsing if you accept the 1st offer you receive than there is if you ask for another $1,000 & eventually agree to sell at somewhere in between...

If the buyer is a domainer then that is a different market - I do not believe that a domainer would make an approach; I buy my names if & when they are posted for sale & at a price I want to pay... someone clearly wants i29.mobi so personally I wouldn't be such a softie & settle for the 1st offer because a serious buyer will stay in the frame whatever (unless you start asking $100,000 for it - but I'm granting you with the intelligence to work that out yourself)...

I stand by my view on this; beliefs to the contrary are the reason that most domainers lose money (FACT!)

Good luck with it, be professional & business like; make some money!


By the way Mjnels; if $1,600 & $1,000 is the same thing to you can I swap my $1,000 for your $1,600 please; if its all the same to you?

It is a good offer. Take it. OTC.mobi only sold for $1200 at sedo two days ago.

OTC.mobi sold at SEDO = Exactly my point - a trade sale, owner wanted a sale & had to find a buyer...... this was almost certainly not an end user buyer it was a domainer looking for a flip...

A completely different situation than i29.mobi where the owner has the upper hand, it is the buyer looking to the owner for a deal!!

I'd happily broker the sale for you.... I'll agree to 50% commission on anything over $1,000 (i.e. the 1st $1,000 free of commission)

PM if interested

 

[Pred]

wait it out, if offers on sedo, wait until a few hours are left out of 7 days, then take offer if no better comes through.
its a good offer imo

 

[mjnels]

the point i was trying to make saying $1,600 and $1,000 is the same..... is in the grand scheme of things it is.

if you worry about insignificant price differences and get greedy there will be zero progress made.. this applies especially to large .mobi portfolio holders looking to resell and hedge their bet down to $0 paid for their entire portfolio.

this early in the .mobi game.... if resell is your game, you worry more about selling 100 .mobi's at a great price and small profit, rather then worry about negotiating everything your way.

$1,000 = 100x the cost of registration...
$1,600 = 160x the cost of registration.... same thing.

better to sell and move on to the next name, money on the table wins when the real deals come around.

 

[nicedomains]

Lets be honest here, 3 char. .mobis are not highly sought after domain names. I would accept the offer and be happy with the sale. It doesn't make sense in this case to counter offer even though you *could lose out on an extra $500.

In many cases counter offering is the best thing to do. However, if you are happy with original offer and you are pretty sure that domain won't fetch that price again any time in the near future than you should take the offer. My two cents :tu:

 

[TheWatcher]

For that domain, if someone offer me for $250 I will sell it. So with your current offer, its SOLD unless you don't want it.

 

[Steven]

Great offer. I would take it as it.

 

[newdomainer.mobi]

the point i was trying to make saying $1,600 and $1,000 is the same..... is in the grand scheme of things it is.

if you worry about insignificant price differences and get greedy there will be zero progress made.. this applies especially to large .mobi portfolio holders looking to resell and hedge their bet down to $0 paid for their entire portfolio.

this early in the .mobi game.... if resell is your game, you worry more about selling 100 .mobi's at a great price and small profit, rather then worry about negotiating everything your way.

$1,000 = 100x the cost of registration...
$1,600 = 160x the cost of registration.... same thing.

better to sell and move on to the next name, money on the table wins when the real deals come around.

I would disagree rather strongly with that statement; the difference between $1,000 & $1,600 based on lets say a portfolio of 100 names is that the cost of renewals per 100 is around $1,000 per annum, so sell one at $1,000 = $zero profit

Sell 1 at $1,600 = $600 profit per 100 names in your portfolio

Now given that across the board, 1% to 5% turnover in names is pretty average, I'd be making the most of my sales...

The difference between $0 & $600 isn't insignificant, it's infinite!

I know this is just friendly banter but I'd hate to be a partner in any business you run

On most items (even main dealer car sales) $600 may be the total profit on a $5,000 sale, arguing that $600 is nothing 'in the scheme of things' is actually pretty reckless (imho)

 

[uber]

My advice is take it - seems like a very fair price - if it were mine I would do as Arnie suggests - ride the Sedo auction for a while but if nothing gives bite the buyers' arm off at the elbow! :hehe:

 

[nicedomains]

I would disagree rather strongly with that statement; the difference between $1,000 & $1,600 based on lets say a portfolio of 100 names is that the cost of renewals per 100 is around $1,000 per annum, so sell one at $1,000 = $zero profit

Sell 1 at $1,600 = $600 profit per 100 names in your portfolio

Now given that across the board, 1% to 5% turnover in names is pretty average, I'd be making the most of my sales...

The difference between $0 & $600 isn't insignificant, it's infinite!

I know this is just friendly banter but I'd hate to be a partner in any business you run

On most items (even main dealer car sales) $600 may be the total profit on a $5,000 sale, arguing that $600 is nothing 'in the scheme of things' is actually pretty reckless (imho)

:imho: With this potential sale, it is pretty reckless to try and milk more from a willing buyer and possibly drive him away. As I stated before I fully believe in counter offering in this business in many situations. Now lets think about it further, how many times has a counter offer been successful in making more on a sale...? In my experience I would say about 15%-20% my counter offers were accepted. The rest of the sales dried up, and I was OK with that. Now using your words, which are pretty accurate: "...across the board, 1% to 5% turnover in names is pretty average" *I'm assuming end users* Wouldn't it be kind of silly to counter here?

In this case where, correct me if I am wrong here, the OP seems to have gotten a rather large offer on this domain (compared to many LLL.mobis which have a hard time reaching this price). So using your math again.. "The difference between $0 & $600 isn't insignificant, it's infinite" than the difference between $0 & $1000 would be infinite + $400.. Case closed, take the offer.. Good luck!

 

[broadwayad]

I got an email with an offer of 60.00 for it and it was the first offer. I email back with xx,xxx and got a second offer of 500 and I could choose a name from there list of .mobi to go with the sale. So 500 plus a .mobi. I didnt even respond and now about 1 week latter Ive got a 1K offer. The person wants the name for sure. I just wanted to see what everyone thought as I reg it along with many other highway names in the US with plans to build the sites but no time to build now. Its a good profit but if its worth 1K now what will it be worth in 5years? I guess thats anyones guess

 

[newdomainer.mobi]

I got an email with an offer of 60.00 for it and it was the first offer. I email back with xx,xxx and got a second offer of 500 and I could choose a name from there list of .mobi to go with the sale. So 500 plus a .mobi. I didnt even respond and now about 1 week latter Ive got a 1K offer. The person wants the name for sure. I just wanted to see what everyone thought as I reg it along with many other highway names in the US with plans to build the sites but no time to build now. Its a good profit but if its worth 1K now what will it be worth in 5years? I guess thats anyones guess

Well there you are, I feel vindicated. Thank you very much!

You may have started with a lower incoming offer but you've played the game perfectly, Congratulations - you are quite right, the buyer clearly wants it & you've probably achieved near to the peak price with this bidder.

I don't get it when people start to panic about 'scaring' the bidder away... it's not like they're buying a red car & can simply go down the road to another dealer & buy a red car from them instead; domains are unique - in effect, you have the ONLY red car on the market - the buyer wants it & will pay a top (but fair) price... we all know by now (or should!) that a domain is worth what someone will pay for it... the bidder wants it so it's a case of finding an agreeable price - I don't know what the US is like for bartering but in many countries people are very insulted if you don't barter.... just as you countered with a $xx,xxx - it was met with a better counter offer; personally I think $1,500 is achievable if you counter with $3,000 but I don't think you need any advice; you're doing perfectly well without it

Let us know what happens (& hope the buyer isn't a member here

Gary

 

[dag]

I have to agree basically with what mjnels is saying -- for this particular domain, for which there would be an incredibly limited range of real uses for it, I would take $1000 in a heartbeat. For some other, more generic term, I would possibly counter higher, as newdomainer is saying, but I think that mj would as well in that case.

Very realistically speaking, the .mobi aftermarket is down, so an offer like that is going to be pretty rare, and if he drives away the potential buyer, he may never get an offer of any substance on that domain again. $1000 is a huge ROI, as I'm sure that was a hand reg, so I don't agree that there's any advantage here in trying to push the offer a lot higher.

Not to mention that in the bigger picture, sales like that are only going to help increase the value of all decent .mobi names.