question What do you do when you post a "Make Offer" and they ask you how much?

[bobbarato]

Question their parentage / intelligence?
Ignore them?
Reply "How much you got?"
Reply "Sorry, you're supposed to make the offer"

 

[deez007]

I would tell them you are already entertaining a few offers so if they are interested then they should make an offer, all reasonable offers will be considered.

 

[jstenn13]

what was said above, or you can give them a price range. You can also say you're looking for offers starting in the low 4 figures for example, or that only offers in the mid 4 figures or higher will be entertained, etc.

 

[baseballworld]

Something with telling them that all reasonable offers will be considered is a good idea.

 

[Dominic Belley]

I reply with a price.

I have something to sell, it is my responsibility to come up with a starting price.

It saves my time and prevents low offers.

 

[bobbarato]

I reply with a price.

I have something to sell, it is my responsibility to come up with a starting price.

It saves my time and prevents low offers.

Well you would never post a "Make Offer" to begin with right?

 

[Dominic Belley]

Well you would never post a "Make Offer" to begin with right?

I used to, but not anymore.
Its a waste of time not to at least say the minimum offers you want.

It cuts the crappy offers and you know the people contacting you are serious.

I understand the concept of Make Offer format. It exists because we wish someone will offer way more than we want. But 99.9% of the time we get low offers and we lose precious time.

 

[B0NES]

Give them a vague range. I'm looking for an offer in the $x,xxx range.

 

[briguy]

Question their parentage / intelligence?
Ignore them?
Reply "How much you got?"
Reply "Sorry, you're supposed to make the offer"

I am assuming that this part of a thread.
So my answer would be quite different..

"Please read my original quote" and insert that part of my original posting.

Reasons are simple
(A) most people dont read all the original posting
(B) it is a "bump" and brings my posting back to the top of the part of the forum. Some section of the forum are very active for new threads.
(C) the person that I am responding too, may become a customer someday.
(D) shows respect to a potential customer and any posters and lurkers (viewers/subscriber) to the thread.

Just my opinion.

 

[TheWatcher]

Not all buyers are smart, simply respond with a positive attitude. You never know it will end up a sale though in the forums most likely a troll.

 

[Rory Ivey]

Ignore or give a set price you want(some people don't have time for negotiations)

 

[VintageIT]

I think give him your price rate and make sure before start the work. Its important for both.

 

[namerav]

Title says it all "Make Offer" so First make offer than either bargaining will start or deal will be closed.

 

[Bullock]

"Make offer" could be interpreted in a broader sense as "make in interest". So, prospects ask for price .

Well, that's positive, too!

 

[Omar Negron]

I reply with a price.

I have something to sell, it is my responsibility to come up with a starting price.

It saves my time and prevents low offers.

True. I use to think the "make an offer" response would get higher responses and offers, but it really didn't.

I now like to state the price I would be happy to sell for, simple. It helps the potential buyer also because they know the price and can work from there or decide not to buy the domain name at that time.

-Omar

 

[AbdulBasit.com]

Sometimes my response goes like this - "Come back when you have an offer in mind."
That shows you are not desperate to sell and seems you will consider/entertain some solid offers.

 

[WhoaDomain.com]

True. I use to think the "make an offer" response would get higher responses and offers, but it really didn't.

I now like to state the price I would be happy to sell for, simple. It helps the potential buyer also because they know the price and can work from there or decide not to buy the domain name at that time.

-Omar

in the "spirit" of this post I'd like to ask.

Has anyone ever used the SEDO or any other marketplace's "Price Suggestion" tool if they offer it? I too have had hesitation on pricing a domain for fear of leaving too much on the table and also worry about missing out on some big money possibly.

I think many domainers feel this way. On thee other hand of course you don't want to over price. That "sweet spot" sure is elusive sometimes. I'm sure this has been asked 1000 times on here. but anyone with tips if you decide to use the "Price suggestion" tool for your response to a "Make Offer" offer?

 

[comati]

"You got leads. Mitch and Murray paid good money, get their names to sell them!"

to answer the op question, i tell them the price ... but i rarely do that since all my domains have BIN price or are at auction ... and i never make offers if you don't have a price set up or you don't give a range.

my reason is that you are:
1. doing market research, you don't know the value of your own asset and you want some help.
2. waiting for someone to overpay, an end user ... or a sucker.

Sometimes my response goes like this - "Come back when you have an offer in mind."
That shows you are not desperate to sell and seems you will consider/entertain some solid offers.

my response to that line will be "let me know when you want to sell."
when pricing your product/service has become a sign of desperation?

 

[mr-x]

Has anyone ever used the SEDO or any other marketplace's "Price Suggestion" tool if they offer it?

Lately, I think SEDO's price suggestions have improved or my expectation have lowered. Automated estimates are still terrible at valuing domains with traffic or poetic value but are a starting point.

 

[loredan]

I used to, but not anymore.
Its a waste of time not to at least say the minimum offers you want.

It cuts the crappy offers and you know the people contacting you are serious.

I understand the concept of Make Offer format. It exists because we wish someone will offer way more than we want. But 99.9% of the time we get low offers and we lose precious time.

Agree with @Dominic Belley

Imagine walking into a shop and all products have a "Make Offer" label

Usually "Make Offer" works best with super duper domains in 6-7 figures range where the seller can afford to wait 10 years or more for the right offer to come but for us mortals adding a BIN price usually give better results. Just make sure you add a higher than expected BIN so you can go a bit down in case the potential buyer makes a counteroffer to your BIN... so if you want to sell a name for $3k just add a $5k BIN, usually if someone is really interested in the name but doesn't like the price they'll make you a lower offer which in most cases might actually be your expected sale price.

 

[bobbarato]

in the "spirit" of this post I'd like to ask.

Has anyone ever used the SEDO or any other marketplace's "Price Suggestion" tool if they offer it?

I think it is hilariously bad. ChiPs get priced at $500. VRhotdog.com gets $429. Mmmmm Hotdog and chips. The SEDO pricer does love those VR domains. Every single one I listed got a ~$4xx price suggestion. Would love to sell for that but even "in love with my domains" me thinks that is high. We could get philosophical and say, but isn't $500 what ChiPs are really worth but that was not market when I priced them about a month ago.

My hong.com gets priced at $5k when I have received dozens of 6 figure offers.

Overall, Estibot was more realistic in my experience.

 

[WhoaDomain.com]

I think it is hilariously bad. ChiPs get priced at $500. VRhotdog.com gets $429. Mmmmm Hotdog and chips. The SEDO pricer does love those VR domains. Every single one I listed got a ~$4xx price suggestion. Would love to sell for that but even "in love with my domains" me thinks that is high. We could get philosophical and say, but isn't $500 what ChiPs are really worth but that was not market when I priced them about a month ago.

My hong.com gets priced at $5k when I have received dozens of 6 figure offers. Estibot was more realistic in my experience.

Whoa whoa 6 figure offers? And you didn't take? Over $100k?? What are you waiting for? Post that on 4.cn as bin price it ridiculous and see what happens

$149 for 4.cn list bin and it's unlimited . So can list all your China premiums

 

[AbdulBasit.com]

my response to that line will be "let me know when you want to sell."
when pricing your product/service has become a sign of desperation?

When the buyer comes in to inquire my domain at first, he is suppose to offer me as to what's running in his mind. If he doesn't have that much idea, it's better I don't waste time on him.

Also when you write something I mentioned earlier, that clear cut shows no signs of eagerness to sell the domain and the seller is looking to entertain some serious offers. It's all mind game and words you use in your communication to show whose position is stronger. Nothing to be rude here.

 

[comati]

If he doesn't have that much idea, it's better I don't waste time on him.

dude, you have better names than i have!
i'm the fat chick in highschool, nobody's going to send me flowers and i can't afford to play hard to get, i have to put out

 

[AbdulBasit.com]

dude, you have better names than i have!
i'm the fat chick in highschool, nobody's going to send me flowers and i can't afford to play hard to get, i have to put out

Well, most of us goes through the similar situation in their domaining career so was I and did the same like you do by selling domains cheap even though I knew I was selling for low because I needed to generate cash flow.

Wish you all the best and if you keep going positively and make decent cash flow, you may later change the strategy in order to make some big sales.