discuss Pricing ratios? Initial offer and counter offer...

[bobbarato]

Let's say I recently got a $500 offer for a brandable 2 word domain that I've held for more than 10 years. (hand reg) It's from a domain broker.

So I figure I could get at least 5x the offer => $2500. How reasonable do you think this assumption is?

If I counter offer with $4500, will a typical assumption be "meeting halfway between $500 and $4500 is $2500."

Opinions appreciated! (sorry not going to say the domain name or the broker)

 

[biggie]

Let's say I recently got a $500 offer for a brandable 2 word domain that I've held for more than 10 years. (hand reg) It's from a domain broker.

So I figure I could get at least 5x the offer => $2500. How reasonable do you think this assumption is?

If I counter offer with $4500, will a typical assumption be "meeting halfway between $500 and $4500 is $2500."

Opinions appreciated! (sorry not going to say the domain name or the broker)

Hi

you gotta know by now that it always depends on actual name in question.

if... you figured that you could get at least $2500 for it, then why not put a BIN of $3500 w/option to lease or take offers?

or, you could take the $500 and move on to the next name.
you'll never know if you will get a higher offer or if buyer will walk if you counter offer with higher price.

after holding a domain for a decade or two, with no previous offers or none higher than current offer,
then it might be time to let it go.

so far, i've let four, decade + hand regs go, in sedo auctions this year.


imo....

 

[cooljub]

If you're thinking two and a half, say that.

But it's up to you

 

[johnn]

There is no rule as we don't know who the buyer is but people are always want to start low and willing to negotiate if they are serious.
I never accepted the first offer as the buyer thinks they offered too much and have cold feet.
Make a counter offer so you don't scare the buyer and keep them in the look until the name sold.

Also don't try to nickel and dime too much as you may lose a sale if the difference is not much.
A sale is a sale. Better than having no sale.
If the buyer comes to you directly then don't be in a hurry to reply. Google the email and the name to see if the buyer is an individual or company. Normally a company has a budget and they can't go beyond that.

Take the time. Be professional and don't rush.

Good luck.
John