Unstoppable Domains โ€” Expired Auctions

The Art of Inquiry/Response

SpaceshipSpaceship
Watch
I wanted to share an "inquiry" that I recieved and my response with everyone as an example, and to see if anyone has any suggestions or thoughts about my actions...

Here is the Inquiry recieved:

Hellp,

I understand that you are the owner of the domain name: www.example.com. I am writing to inquire if you might be interested in selling it and if so, for what price.

Best Regards,
(First Name)

Ok. Now, before I respond back, there is a little homework that needs to be done. Here is my checklist:

1. Check TLD's to see if anyone registered .net,.org, ect
2. Review history of domain name. (archive, ect, pr, links, traffic)
3. Search email address of the individual inquiring
4. Search the name of the individual inquiring
5. Review how offer was submitted (Broker, Auction, Forum, Parking, Whois)
6. Check the email for any additional "clues"

Alright... so, lets go down the list.

1. I own the .com of this domain name, the .net and .org are previously registered. This domain was picked up as a fresh registration when it dropped. The .net version of this name dates back to 2002 and is developed with Asian language on it. The .org is also a simple one page site with information about some music.

2. The site has an Archive history that dates back to 2001, and at the time was some kind of Dance instruction site. The site doesnt have any real major traffic.

3. A search of the email addy returned no results

4. A search of the individuals name (a unique name) revealed some search results, found this person held a high position in a small organization.

5. The offer was submitted through email. Which means the person looked up the whois, and chose to submit it that way.

6. Although this could be simply a typo, the word "hello" was spelled "hellp", more than likely a typo, but this could potentially indicate the individual is outside an english speaking languge.

Conclusion:

This is more the likely a saavy end-user. The email was well written as to force me to repsond with a price, as oppose to making an offer. The inquirer has not picked up any of the other TLD's, but this is likely because the others are already taken. This may but the original owner, but this seems unlikely. Although we recieved some results as to the name of the individual, there is no way to confirm this is that person, this information is almost useless at this time. More than likely the Hello was a typo and this is an english speaker.

The email was well written. It expressed interest, but did not want to give up the advantage of presenting an initial offer. If I was inquiring to a domain name, I would use a very similar email.

Here is my response:

First Name,

Thank you for your inquiry. The domain name example.com was in fact
acquired initially for development after it expired this year. That
project has since been put on hold indefinitely. At this time we are
more than willing to consider any serious offer that is presented.

Sincerely,
Justin Allen

My response does several things. First, it is a timely response, showing some interest. It explains that although I am willing to sell, I do have other interests for the domain name. It also asks that the peson inquiring, makes a "serious" offer. It is my belief that the first person to settle on an asking/offering price is already at a disadvantage. I will update the thread with more details as the unfold.
 
4
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
AfternicAfternic
At first I thought a NPer had listed it in the expired/available domains section, but it turns out this was a pickup from one of my lists. The domain had expired earlier this year (previously registered as far back as 2001)...

And honestly? Beyond the fact that it was a fresh expired and some other TLDs were taken... I just liked it. It had a ring, made sense, felt very web 2.0.

Those are the things I liked about it. I could see someone using the domain name (and I ususally dont grab "brandable" types... ) but this one just said "reg me!"

So I did...
 
0
•••
domainspade said:
LoL...
But how will I know if I did a good job or not?
Exactly, I always look back and never in 'remorse', learn and move on, that's the best way to handle a next deal even better ;)

Congrats on your sale :)
 
0
•••
well i wonder if this name had come for appraisal in the "appraisal" section then how many of us would have given it anything above "reg fee"

once again proves the point, it is the endusers which matter
 
0
•••
0
•••
0
•••
domainspade said:
In my mind, Negotiations are much like chess... You need to predict what your oponent might do in every move, and what each counter may bring. You want to anticipate there move, and at the same time plan your own. [...]
Good analogy. As an internationally ranked chess master, I should think more about how to apply those skills to domain negotiations.

domainspade said:
[...] Those are the things I liked about it. I could see someone using the domain name (and I ususally dont grab "brandable" types... ) but this one just said "reg me!"

So I did...
Justin, a piece of advice: when you start to hear domains talking to you, it's time to take a break! :)

Cheers & congrats,
Dave
 
0
•••
randomo said:
Good analogy. As an internationally ranked chess master, I should think more about how to apply those skills to domain negotiations.

Well I definetly won't be playing you for $10 a game then ! :lol:

I have a sneaky suspicion there may be big plans for Beyondo now that I have had the luxury of checking the owners name on Mr Google. If its the same person then he has had associations with some pretty large companies.

At the end of the day either way I think you handled it really well considering the info you had, you smoothy you !! ;)


Onward and upward ! :tu:


.
 
0
•••
Good brandable. GL
 
Last edited:
0
•••
As a buyer, I personally dont like to waste time in negotiations, if we dont reach an agreement after 2 emails i just move on. This only happens with people that list their domains without a price set.

As a seller i prefer to put prices on my domains, a price that i will not regret in a future.
 
0
•••
A great thread...and very funny I am in a negotiation for a name with almost the exact same amounts...I'll keep the thread posted on results...wish me luck


.
 
0
•••
Great thread, Justin
I have learn a lot,thanks for sharing
 
0
•••
fierne said:
Great thread, Justin
I have learn a lot,thanks for sharing

Glad you enjoyed, this was a fun thread to write.
 
0
•••
I am just getting into the domaining business really and this thread is one of the most useful I have come across. Thanks for sharing
 
0
•••
Spade, it was great of you to outline your thought process and the details of the negotiation. Very helpful. However, I agree with italiandragon. By asking the buyer to make an offer, you invite a lowball offer, which is actually ok, but I would have responded with a much higher counter-offer, perhaps $4,000 to $5,000. The odds are that the deal would then end up in the $2,500 to $3,000 range, which would have been quite reasonable for such a brandable domain.
 
0
•••
clocker24 said:
Spade, it was great of you to outline your thought process and the details of the negotiation. Very helpful. However, I agree with italiandragon. By asking the buyer to make an offer, you invite a lowball offer, which is actually ok, but I would have responded with a much higher counter-offer, perhaps $4,000 to $5,000. The odds are that the deal would then end up in the $2,500 to $3,000 range, which would have been quite reasonable for such a brandable domain.
This is a very fine line when going much higher. If I offered $400, then see a reply back of $5,000 I would walk. So going that high, could end up making you lose a sale that you would be happy with. It's always good to follow your gut and pick a price and stick to it!
 
0
•••
Great thread! Thanks!
 
0
•••
Nice. I learnt a lot from this thread :tu:
 
0
•••
New user first thread I read was referenced by a friend. Very informative and I am now registered because of this. Thanks a lot!!!
 
0
•••
Kingofnoideas said:
New user first thread I read was referenced by a friend. Very informative and I am now registered because of this. Thanks a lot!!!

Glad you enjoyed it, quite a bit of work and thought went into this posting.
 
0
•••
The way I believe the counter should be done is double of 2.5 times the offer due to following reason....

1) you know you want to sell thats why you bought it in the first place.
2) Countering with a 20K on a 400 offer leaves no space for him to double the offer.
3)He is interested , you are interested and you know the market price is not 20K.
4)I have noted that countering with 3 times the offer makes them often double the offer.
5)You wont take the money with you when you die.
6)600 in pocket is better than 20K in the dream.
 
0
•••
Dynadot โ€” .com TransferDynadot โ€” .com Transfer
Spaceship
Domain Recover
CatchDoms
DomainEasy โ€” Payment Flexibility
  • The sidebar remains visible by scrolling at a speed relative to the pageโ€™s height.
Back