NameSilo

Sold name at first offer.. do you sell at first offer usually or not?

Labeled as poll in General Domain Discussion started by alcy, Jan 22, 2019.

Replies:
45
Views:
2,239

?

do you usually sell at first offer received or not?

  1. never

  2. always

  3. most times

  4. rarely

  5. just depends

Results are only viewable after voting.
Total: 105 vote(s)
  1. alcy

    alcy Active Member VIP

    Posts:
    15,405
    Likes Received:
    22,813
    I told myself to try not to sell at first offer.. but then at same time, I had more than one disappointing occasion where I countered and never heard from buyer... even after reducing my counter a few times (sometimes even going down to his original offer lol... and still no reply!).......

    I guess it can go either way..... done is done I guess... of course, I also evaluate countering or not by name itself.. its potential value... and definitely extension too.. so given this is .biz... I suppose many will agree I should not have countered... and then some will probably say I should have countered... seeing on sedo the buyer regged there only in 2018... and had no buy activity bars showing... did help me decide too.

    so anyway.. the name is below... and I thought I'd make a nice poll out of it too while im at it...

    block group
    ..biz

    800$.....6 months old handreg.....sedo offer.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Grego85

    Grego85 Quality.Domains VIP

    Posts:
    895
    Likes Received:
    1,811
    I always just put a BIN on my domains. I'd say you did very well on this sale though. Well Done.
     
  3. alcy

    alcy Active Member VIP

    Posts:
    15,405
    Likes Received:
    22,813
    yes for sure.. bin makes it all very different from makeoffer.. but that does not really conclusively say if you'd be getting higher price from offer or bin... one excludes the other.. so if you sell domainx.com at bin.. yuou will just never ever know what you'd get for it if you negotiated the final price :)
     
  4. NYJimbo

    NYJimbo Domain Re-Animator

    Posts:
    1,450
    Likes Received:
    2,422
    Nice for a two word .biz
    Sometimes they wont budge on the price if you counter higher and after a few days they cool off and walk away from the name. In this case, I think you did right.
     
  5. creataweb

    creataweb Some Guy with Awesome Senior High School Photo VIP ★★★★★★★★★★

    Posts:
    5,642
    Likes Received:
    6,685
    I just had an offer on GD for a name (highly liquid name in .com), countered and haven't heard back (been over 5 days now) --- they should at least counter-offer because the original was a joke anyway.

    For a 2 word .biz I'd take the money and run otherwise it may never sell :)
     
  6. Furquah

    Furquah Skipper VIP

    Posts:
    3,040
    Likes Received:
    2,119
    Man its an inbound offer (it's like he begging for the name) you have full control of your sale. Go ahead accept it or simply don't fear about anything & give him an acceptable "Counteroffer".

    If I was you I would choose the 2nd option.

    I love inbound offers in this you are at upper hand not like outbound where people spam hunderd email adress & get $200 sales.
     
  7. Deepak Bhandari

    Deepak Bhandari Established Member

    Posts:
    488
    Likes Received:
    304
  8. IMEZI

    IMEZI Top Member VIP ★★★★★★★★★★

    Posts:
    4,977
    Likes Received:
    1,599
    once i got $800 for geo .com on godaddy and i countered for $1200 and the buyer went silent for 2 months, later i ask help from @Joe Styler the very same buyer were reduced their offer to $400, i accept the $400 offer but no more answer and its already more than 1 month since i accept the $400 offer...
     
  9. thekiller

    thekiller Active Member VIP

    Posts:
    1,984
    Likes Received:
    2,290
    I accepted once a $1,000 offer and buyer changed his mind, after asking he said his partners are not agreeing and then after a few email exchanges was ready to buy it at $750.

    Always counter, even at slightly higher than customer's offer.
     
  10. MSN-Domains

    MSN-Domains Established Member

    Posts:
    647
    Likes Received:
    485
    Once the reserve is matched I let it go. I know the consensus on here is always counter - Do the math? If you buy/sell great domains and have a high sell-through rate vs needing 1 sale.

    I've developed a stoic attitude towards all my domains - As Sol Orwell said his domainer friends are still "Developing" their domains 15 years later......... What does that tell you

    I keep a very attractive reserve which 98% of the time is accepted and I let the domains go - I don't even bother to enter in conversation.

    Money in escrow - Goodbye have a nice day.

    All the domains I've sold have developed into great companies

    YiIU3zxT9Nc9XwNxS0VQ_CXOai_Color.png
     
  11. MSN-Domains

    MSN-Domains Established Member

    Posts:
    647
    Likes Received:
    485
    FYI - I sell 6/7 figures names the same way

    like Monitors dot [KING]

    Reserve is ................. least conversation as possible. Money in escrow - Goodbye Goodluck

    It's not about me - "Domainers" IMO need to show genuine buyers more respect. The money companies are parting with is hard-earned capital which 90% of the time has peoples livelihoods on the line
     
    Last edited: Jan 22, 2019
  12. NYJimbo

    NYJimbo Domain Re-Animator

    Posts:
    1,450
    Likes Received:
    2,422
    Yeah, but not always. I had an inbound last month. I countered higher, he went up a tiny bit but no higher. I came back lower after a while, he then offered even lower. I rejected that, then he offered even lower. Basically once he saw me approach his offer, he started countering lower. I wasnt going to play that game, but he never went back up to his original high offer. I just rejected him after all that. So you never know whats going to happen.
     
    Last edited: Jan 22, 2019
  13. mawels

    mawels O1E

    Posts:
    1,532
    Likes Received:
    241
    I always counter an offer ,I think they have more budget than the initial offer.

    Ps. Sometime I will sold at first offer if the domain I really don't want to renew it. 😃
     
    Last edited: Jan 22, 2019
  14. Haykay2005

    Haykay2005 Active Member VIP

    Posts:
    2,165
    Likes Received:
    3,674
    Always counter
     
  15. MSN-Domains

    MSN-Domains Established Member

    Posts:
    647
    Likes Received:
    485
    Is that learned through personal experience or just another regurgitated opinion which you now claim as your own?
     
  16. JudgeMind

    JudgeMind Top Member PRO VIP Trusted Contest Holder

    Posts:
    5,450
    Likes Received:
    12,426
    that's a solid price for a .biz sale, im surprised by it in fact. congrats
     
  17. alcy

    alcy Active Member VIP

    Posts:
    15,405
    Likes Received:
    22,813
    thanks... well i think the general idea is that any 2 word biz sale is a nice and rare suprise imo... i mean with so many nice 1word biz dropping daily..taken in many extensions.. and people dont even bother to rereg those..

    cheers
     
  18. xynames

    xynames XYNames.com PRO VIP

    Posts:
    2,588
    Likes Received:
    4,207
    For a two word biz like that one I think that’s all the money. The block is only reason it sold at all probably something to do with block chain?
     
    Last edited: Jan 22, 2019
  19. JudgeMind

    JudgeMind Top Member PRO VIP Trusted Contest Holder

    Posts:
    5,450
    Likes Received:
    12,426
    The popularity of the extension has drastically dwindled over the past few years. So imo any .biz sale is a win
     
  20. lolwarrior

    lolwarrior Founder, Brands.International VIP

    Posts:
    4,807
    Likes Received:
    5,748
    For each domain name I have my vision (can be totally different from what most people think) what that should sell for. So:

    - If the initial offer is higher then that (well, rarely), I immediately accept, no counters.

    - If the initial offer is less then that - I counter to the level I think is the value of the domain name.

    I do not care much what buyer tells me - I would rather wait for another buyer for few years, then to sell good name for low.

    just imo :)
     
  21. DomainVP

    DomainVP Domain Expert VIP

    Posts:
    3,354
    Likes Received:
    12,094
    A lifetime of negotiators tell you to never accept the first inbound offer for about 10 great solid reasons.

    An offer for $800, you could have countered with $1200 and they would have either been fine with it, offered somewhere in between, or told you that $800 is their max.

    Either way, you make them invest themselves into the interaction, through discussion or monetarily.

    This way even if you end up accepting their 1st offer, they won't feel like they overpaid and will follow through instead of backing out.

    Anyone can do what they want, and great .biz sale btw, but its negotiations 101 to never accept the first offer.
     
    Last edited: Jan 22, 2019
  22. ricksinfoshop

    ricksinfoshop Upgraded Member Blue Account ★★★★★★★★★★

    Posts:
    1,549
    Likes Received:
    248
    I remember one time I countered a guy that offered me $1000 to $1500 and the guy never talked to me again...sometimes it works and sometimes it doesn't. If the offer is good I'd take it unless its a top-level domain and you know you can get way more for it.
     
  23. sbweb

    sbweb Active Member VIP ★★★★★★★★★★

    Posts:
    1,472
    Likes Received:
    497
    This is true. Even buyers play these games. If you accept the first offer, they will assume they can work their way down on the price because you were so eager to accept the first offer they made.

    Even if you're happy with the first offer, you counter. It's psychology. In most cases, this is the way. Out of hundreds of deals, I can only think of a handful of deals where I lost deals because I countered. You have more to lose if you're giving away the upperhand. Further, you can still make a deal even if they don't like your counter. But your goal is to start high and go down, not start at the middle and then end up too low.

    Note: There is a difference between a marketplace deal vs a negotiated deal (you personally or brokered). I'm talking about a negotiated deal.
     
    Last edited: Jan 22, 2019
  24. alcy

    alcy Active Member VIP

    Posts:
    15,405
    Likes Received:
    22,813
    well this applies only for direct inbound email offers or non binding sale landers etc..

    once your buyer accepts your offer on sedo.. or other similar markets... what you say about working his way down on the price no longer applies. but you do make good point about non binding inquiry leads... for those sky is the limit and anything can go... thats like a whole different ballgame... cause buyers are also aware its much less binding for them to just be exchanging offers by email.. whereas sedo offers.. gd.. etc... feel differently to buyer. plus they just can't go down if you accept their first offer period.
     
  25. xynames

    xynames XYNames.com PRO VIP

    Posts:
    2,588
    Likes Received:
    4,207
    If you wish to accept the initial offer you may do so by engaging them then later accepting. This is a little beyond simple Negotiations 101.

    In many cases engagement should be done before any price is even presented. It just depends on what exactly the inquiry is and how it’s worded.

    How exactly you engage them though may make all the difference. And that’s Advanced Negotiations 204.
     
    Last edited: Jan 22, 2019

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:

Share This Page

  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...