advice Unsolicited offer comes in - Who blinks first?

[TheBlueprint]

Over the weekend I received an offer from an end-user who is looking to buy a domain I hand reg last Spring, and only have a coming soon landing page on it. I replied and asked what was his offer, and he said what's my price.

I had plans originally to develop this domain, but decided against after the New Year, so this comes as a pleasant surprise. On the other hand, I rather the potential buyer to make the first offer, than I to potentially cost myself hundreds.

Any thoughts?

 

[TheBlueprint]

Thanks everyone for the feedback. I was unaware of the GoDaddy tool. I often used Valuate/Estibot, and more recently NameBio. I find it interesting the value of the domain are quite different.

Valuate/Estibot = $45
GoDaddy = $1882

 

[jideofor]

Price the name realistically, and respond back with a BIN price. Leave room for negociation.

Many buyers don't like to negotiate or their brain lack wisdom for that. Most times they just disappear without trying to beat down the price to where they want it lol

 

[trelgor]

End users are end users, not buyers. I’m talking about the general idea from a seller perspective. The common notion is that the domain name is not critical. There are almost always alternatives. Quoting Mike Mann type prices or giving a range will lead to lost sales and lost profit, in general.

There are exceptions to the rule, and being knowledgable about the possibility of a golden egg is very important. But thinking that all are golden is a severe mistake, in a small time model.

 

[BaileyUK]

Update - So the potential buyer came back w/ an initial offer of 200.00. I checked NameBio, and noticed the .net extension of the domain sold 3 years ago for 1800.00. It is built out and redirects to a small law firm. I assume it may be someone representing them trying to buy it.

Well done for doing the basics. I think nothing of putting several hours of investigative work if I can't pin down the buyer straight away. (I do have the time to spare and value all my domains into X,XXX) Very rarely do I not identify the 'likely buyer'.

Interesting that in this instance 'they appear' to have been quite happy using just the .net for a while Also it's worth noting that you could find your dealing with a 'middleman' in this possible transaction.

As mentioned above, I would certainly include a reference to the three year old .net sale and price. At least that should end the low ball stuff. .If it doesn't then you can be darn sure your dealing with a middleman broker. Consider saying you may do some 'Outbound' sales emails for selling the domain - that should bring everything to a head where time-is-money

 

[karmaco]

Thanks everyone for the feedback. I was unaware of the GoDaddy tool. I often used Valuate/Estibot, and more recently NameBio. I find it interesting the value of the domain are quite different.

Valuate/Estibot = $45
GoDaddy = $1882

Those mean nothing in the grand scheme. Only means something to fellow domain investors. You make the value by assigning your price. Don’t give it to this law group for anything less than you what you will be happy with. I would hold firm with five figures and hold onto this domain. Maple Dots gave you good advice.

 

[DanBingham]

Many buyers don't like to negotiate or their brain lack wisdom for that. Most times they just disappear without trying to beat down the price to where they want it lol

I must be lucky in that case.

 

[frank-germany]

Over the weekend I received an offer from an end-user who is looking to buy a domain I hand reg last Spring, and only have a coming soon landing page on it. I replied and asked what was his offer, and he said what's my price.

I had plans originally to develop this domain, but decided against after the New Year, so this comes as a pleasant surprise. On the other hand, I rather the potential buyer to make the first offer, than I to potentially cost myself hundreds.

Any thoughts?

 

[frank-germany]

Thanks everyone for the feedback. I was unaware of the GoDaddy tool. I often used Valuate/Estibot, and more recently NameBio. I find it interesting the value of the domain are quite different.

Valuate/Estibot = $45
GoDaddy = $1882

Mike Mann:

GoDaddy appraisal tool values humanability.com at $3,197 even though I sold it @$40 K

( USD )

 

[MR Harrist]

Over the weekend I received an offer from an end-user who is looking to buy a domain I hand reg last Spring, and only have a coming soon landing page on it. I replied and asked what was his offer, and he said what's my price.

I had plans originally to develop this domain, but decided against after the New Year, so this comes as a pleasant surprise. On the other hand, I rather the potential buyer to make the first offer, than I to potentially cost myself hundreds.

Any thoughts?

why not tell him, I already have plans with the domain, but if you want to buy for $15k, maybe I will consider, but just like I said, I don't have any intention to sell it! if he really serious, probably he will offer a half, something like 7-8k!

 

[TheBlueprint]

Update - The potential buyer came back this morning after going quiet with a "last and final" offer of 800.00. I declined.