See a domain at a right price? Buy it! Do not negotiate!

[elias75]

If you see a domain on sale for a good price that you can buy, do not try to negotiate it more with the owner... see what happened to me.

It is 7 letter .org that I really really want to develop. Both .com & .net are parked. Com is way out of budget. The .net wants a minimum of $500 through Sedo.

Accidentally I saw the .org listed on sedo and at GD Auctions as a BIN for like $148. I thought "cool! I can afford this price but let's see if I can get it cheaper by contacting the owner directly". And I did...

Well, that was a really bad move! After less than 12 hours since my email to the owner, the price on sedo and GD was changed to $1,603! I tried to talk to him thought this and even making an offer for double his initial listed price but no luck. After several emails back and forth I rest my case and carry on dreaming about the domain...

Lesson learned, if the price is right, buy it!

 

[HBK216]

Any chance you could put a hyphen in it somewhere to register it in .com for now?

Anyhow, I am pretty confident that when he or she gets no offer for it, the price will mysteriously drop down. This does not sound like an experienced seller at all.

 

[Kate]

It's true, sometimes it's better to just not argue over price

Now if you were willing to offer double (= $300) perhaps the .net becomes the next best alternative.
In fact you now have some leverage, he is asking $1603 for the .org but if you can get the .net for a third at his asking price, then you might still be able to coax him into reducing the price or he could lose the sale for good...

Do not appear like you're desperate, show him that there are alternatives on the market

 

[alien51]

You haven't tried the "I'm just a college kid" tactic yet.

 

[bmugford]

I agree. If there is a domain you want, priced in a range you are comfortable with, pull the trigger.

Brad

 

[Kate]

You haven't tried the "I'm just a college kid" tactic yet.

Female college kid :gl:

 

[Name Trader]

Female college kid :gl:

Teenage female college kid working two jobs and raising two kids without any support from either of the fathers

 

[howinfo]

That is strange why he did put the price up… If you had made an offer on Sedo and the domain went to auction he could have got more for it, maybe. The only sensible reason for that sort of price hike is that he had put the wrong price by mistake and after you contacted him he realized the mistake.

 

[s14sx]

so what do you think about current price tag $1604. Is this good price?

 

[RazorNF]

I made that mistake once. As others have said, just do the BIN if you really want the domain. If you give someone an "out" to try and get more, then they will.

Put yourself in their position. Generally when I see domains priced near the low end, there is a good chance they never got any offers for it before and may not renew the domain come expiry.

Now they know someone wants it, and will likely keep it indefinitely, hoping to extract what they can from it.

 

[elias75]

Any chance you could put a hyphen in it somewhere to register it in .com for now?

Anyhow, I am pretty confident that when he or she gets no offer for it, the price will mysteriously drop down. This does not sound like an experienced seller at all.

No, hyphens cannot be used on this name. It would have been my next option.
Indeed, he is not an experienced seller. Checking him at DomainTools, he appears to own a total of 6 domains so most likely he is not into selling/buying them. I also believe that he will drop the price if there is no other interest. The domain expires at the 28th of May and he might not want to renew it.

Now if you were willing to offer double (= $300) perhaps the .net becomes the next best alternative.
In fact you now have some leverage, he is asking $1603 for the .org but if you can get the .net for a third at his asking price, then you might still be able to coax him into reducing the price or he could lose the sale for good...

Do not appear like you're desperate, show him that there are alternatives on the market

This sounds like a great advice! I will definatelly show him the alternatives on the market. Thanks for that! Reps++ on the way!

Female college kid :gl:

LOL what would that be exactly?

That is strange why he did put the price up… If you had made an offer on Sedo and the domain went to auction he could have got more for it, maybe. The only sensible reason for that sort of price hike is that he had put the wrong price by mistake and after you contacted him he realized the mistake.

It appears that he didn't know what price to put....
I am not sure how long it has been listed on sedo though......

so what do you think about current price tag $1604. Is this good price?

No it is not. Not for my budget and also if I can get the .net for $500 it is totally out of question.


---edit---
guess what?! just got an email from him "still not interested in the domain?"....

 

[hopkism]

Elias75, it sounds like you and I are in the same boat. I am tempted to low ball a guy for a geo domain I want in the .com. He has not sold it since owning it (12 years). My suspicion is that if he finds out that I own .net, .org, and info that he will up the price or refuse to sell. So I am likely stuck with BIN for a low $x,xxx domain. Perhaps that is the best decision to just BIN.

 

[Kate]

---edit---
guess what?! just got an email from him "still not interested in the domain?"....

That could mean he's eager to sell, more than you are eager to buy... at this point I would wait. Maybe he'll come back to you, and slash the price. Maybe he will even end up accepting your best offer for fear of losing it all. In fact you could even wait until end of May and see if he renews...

 

[alien51]

My suspicion is that if he finds out that I own .net, .org, and info that he will up the price or refuse to sell.

A potential buyer did that to me in the past. He believed that if he decided to get the .NET for reg fee, i would lose a buyer and would be forced to sell the .COM to him.

Unfortunately though, my business is building websites rather than just being a pure domainer. So now, i'm going head-to-head with his .NET in the same niche, with exactly the same domain name. He had a headstart and his .NET contained more content than my .COM, and yet my domain still gets ranked on top in Google search with no SEO optimization. Blame it on panda?!

Evenif his .NET would become popular in the future, what are the chances that his customers would land on my .COM when people type the keyword on Google? There is no TM on the generic keyword. So it's going to be an ugly, free-market capitalism website war.

 

[GiftedDomains]

Even if there is a BIN price, it is no guaranty that you will get it.
Some prices are set by mistake, or sometimes the sellers forgot to change their prices, or some simply don't want to sell anymore and cancel.

Happened just few days ago on SEDO to a german buyer.
SEDO cancled a FIXED PRICE sale with the explanation that seller didn't know that he MUST sell for the price (fixed price amount) + that the amount is too low. Now thats really disgusting and makes SEDO look really bad. Sedo sent their invoice to the seller, but told buyer they can't do anything and the only way is the "civil law" way out of the Sedo procedure