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Rick asked for $2.5k domains - seller almost backed out

Located in General Domain Discussion, started by Michael M, Dec 3, 2020

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  1. karmaco

    karmaco Top Contributor VIP

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    Rick got a deal. The guy never should have offered it unless a higher budget was stated. So its the sellers fault. I don’t believe he didn’t know he was offering up his names for $2500 to Rick. Rick posts these threads frequently but the budget is usually better.
     
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  2. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    ALL DOMAIN SELLERS SHOULD BOW TO THE DOMAINKING! KINGS GET TO GET SHIT FOR FREE AND SELL THEM FOR A KINGS RANSOM! GET WITH THE PROGRAM! ELSE THEY THROW A TEMPER TANTRUM!

    (The guy seems to have posted a domain he owned in a domain request thread, the budget thing was not his focus. He wanted to show his domain. That does not equate to an agreement, even if DOMAINKING! likes to think so.)

    Deals are not done until they are done, irritating sometimes, still true.
     
  3. pb

    pb Top Contributor VIP ★★★★★★★★★★

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    TBH there is no fine print, or any rules or terms attached to the tweet. "Your best $2500 domains" might as well mean domains that you bought for $2500, or simply domains that you think are worth $2500 now but you plan to hold to them until they're worth way more. There is nothing about buying or selling in the original tweet...
     
  4. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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  5. Samer

    Samer Top Contributor VIP

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    I love @Rick Schwartz
    He is the domIn King even if he doesnt NP.

    How much spam does he get?
    If only focused on set terms and not bi*** :spam:
    And a lot of those names i wouldnt xxx yet $2500. Credit to Rick going thru mostly eh and got himself a “steal”

    Who “showc” in a thread with obv 2.5k budget puts us all in a bad light. i saw one guy:
    at least his name had a $9k BIN; but to POST with nothing else; when, budget clear?
    I’m on Rick’s side here.
     
    Last edited: Dec 4, 2020
  6. GreatBrand.in

    GreatBrand.in Established Member

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    That is precisely my point there was no fine print or mention of buy/sell and even was about to get confuse but then everyone who know him for longtime it is common. He often ask three best domains as SPAM for on the spot purchase.

    So until and unless we don't know the background which is fine print we should avoid participation.
     
  7. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    Swings both ways though. Set out the terms, or you have no right to complain. Good faith and all that.
     
    Last edited: Dec 4, 2020
  8. TheBuyerz

    TheBuyerz Established Member

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    He didn't forced anyone to participate, and if someone engage to sell something at a specific price he must hold on his words and complete the deal... otherwhise you get a bad reputation and no one will do business with u in the futur... and in top of all it is question of principle, if u don't have that u are not a man.

    The guy did well to sell it and he is a good person... he would catch up elsewhere if he is in loss.
     
  9. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    Well it’s not clear that he engaged to sell at a specific price.
     
  10. TheBuyerz

    TheBuyerz Established Member

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    He said on the tweet:



    He posted three domains... he knows that he had to post three domains but not at 2500$? Yet it was clear IMO ... he did that knowingly.
     
    Last edited: Dec 4, 2020
  11. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    It is safe to say that the wording in the initial post should leave benefit of a doubt. Particularly since it’s aimed at a general public.
     
    Last edited: Dec 4, 2020
  12. TheBuyerz

    TheBuyerz Established Member

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    The guy also noted this:

    Maybe you are right maybe not, personally by reading this message, I understand that if I post my three best domains, I will sell each for 2500$ ... there were no doubt here ! otherwhise what is intended to understand then other than this ? Another translation will be appreciated.

    The message is clear and there is up to 170 comments from people that are willing to sell their domain names for 2500$ ... they all understood that.
     
    Last edited: Dec 4, 2020
  13. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    That is quite enough though.
     
  14. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    But not enough to go banana haywire.
     
  15. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    I would have interpreted that Rick meant to buy at $2500, but agree that the wording did not quite make that certain. I am pretty sure that he does this often enough that regular followers would know that is the intention.

    I am glad that the seller honoured the deal. It is a strong name imo but we are talking a wholesale transaction here. As a wholesale price, a certain sale today to a reseller, I think he did well.

    Bob
     
  16. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    I hope he thinks so too, and that he did not feel pressured by threats of publicity by an industry profile who himself would scoff at a $2500 offer for any domain name.
     
  17. jjngjr

    jjngjr Established Member

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    Is it possible that the guy thought his name was worth $2500 currently but had all intention of holding it until he thought is worth more in the future and had no intention of selling it?
     
  18. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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  19. jjngjr

    jjngjr Established Member

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    If the seller is a standup guy and not someone who was looking for some free evaluation or marketing of his name there or anything along those lines, I feel he missed an opportunity to continue to gracefully stand his ground and not sell.
     
  20. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    The seller did what most people do when you instantly agree to their price, they start having regrets, they think, "he would've paid more if I asked for more".

    Did you ever experience the following. Someone contacts you about a domain, your price is 5k they offer 3k you agree and they vanish. This is probably one of the costliest mistakes people make when they sell something. What you just did is make the buyer think you would've agree for way less and now they are thinking they are overpaying. ALWAYS counter higher so if it does get to 3k they feel they really got a great deal and now are worried YOU will regret it so they make the payment fast.

    In this case I think if Rick told him 2000 he would've said 2250 and there would be a good deal. Rick's instant agreement got him to flip out and backtrack with his lame excuse. Why did Rick not counter? Because he said its 2500. It is obvious from the word "Your best $2500 #Domains You can list up to 3" what he meant.

    This happens all the time in real estate by the way. Guy wants to sell his house for 500k someone comes along and offers 500k suddenly the seller tells the real estate broker that the 500k was a mistake he meant 600k, no shame. At least those dishonest people would be happy to know that here they will be judged with kid gloves.

    PS almost everyone that sells a domain with a BIN has the same thought "should've asked for more". This is why people don't like BIN and long term they lose money.
     
    Last edited: Dec 4, 2020
  21. jjngjr

    jjngjr Established Member

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    I didn't see the guy as a seller, just someone who had an opportunity to showcase a name he was holding at a current valuation of $2500.
     
  22. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    There’s just no way that posting some domains under a request for ”$2500 domains” on social media would be considered a legally binding agreement. If that is not the bottom line I don’t know what is. Everything else is plainly regretful and biased fluff.
     
  23. jjngjr

    jjngjr Established Member

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    Many different ways this could have played out. What if the domain was attached to an e-commerce site making tons of profit each month?
     
  24. TheBuyerz

    TheBuyerz Established Member

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    He clearly noticied that he want you to post domain names you want to sell for 2500$ !

    You are complicating things for nothing ... if it was another person, I don't think he will see value on this domain name, each one has her own vision of things, contacts, and her own way to sell domains, sincerly, if he posted it on auction here on NP he would get 2500$? Remove first this story from your head (which is impossible) before answering.

    @AEProgram summarized the situation and agreed with what he said.
     
  25. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    How? And please don’t say it was obvious, point to facts that makes you certain that another person understood that to be the terms, then convince a court.
     

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