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 23:12:43:23 

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

Labeled as question in General Domain Discussion, started by bobbarato, Sep 21, 2016

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  1. bobbarato

    bobbarato Established Member ★★★★★★★★★★

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    Question their parentage / intelligence? ;)
    Ignore them? B-)
    Reply "How much you got?"
    Reply "Sorry, you're supposed to make the offer"
     
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  2. deez007

    deez007 The More I Learn The Less I "Know" VIP

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    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.
     
  3. jstenn13

    jstenn13 UltraDomains.com ICA Member

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    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.
     
    Last edited: Sep 22, 2016
  4. baseballworld

    baseballworld Restricted (Market)

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

    Dominic Belley Four Letter Acronyms VIP

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    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.
     
  6. bobbarato

    bobbarato Established Member ★★★★★★★★★★

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    Well you would never post a "Make Offer" to begin with right?
     
  7. Dominic Belley

    Dominic Belley Four Letter Acronyms VIP

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    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.
     
  8. B0NES

    B0NES ExpertDN President

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

    briguy Guru In Remission! VIP ★★★★★★★★★★

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    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.
     
  10. TheWatcher

    TheWatcher Founder, MAJ.com VIP ★★★★★★★★★★

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    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.
     
  11. Rory Ivey

    Rory Ivey Top Contributor VIP Gold Account

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

    VintageIT Established Member

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

    namerav Top Contributor VIP ★★★★★★★★★★

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

    Bullock Established Member

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

    Well, that's positive, too!
     
  15. Omar Negron

    Omar Negron Top Contributor VIP

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    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
     
  16. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    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.
     
  17. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com VIP Gold Account

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    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?
     
  18. comati

    comati Established Member

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    "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.

    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?
     
  19. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    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.
     
  20. loredan

    loredan Top Contributor VIP ★★★★★★★★★★

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    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.
     
  21. bobbarato

    bobbarato Established Member ★★★★★★★★★★

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    I think it is hilariously bad. ChiPs get priced at $500. VRhotdog.com gets $429. Mmmmm Hotdog and chips. :lookaround: 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.
     
    Last edited: Sep 28, 2016
  22. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com VIP Gold Account

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    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
     
  23. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    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.
     
  24. comati

    comati Established Member

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    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 :)
     
  25. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    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.
     

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