Dominion.Domains

What do you say to a buyer that knows what you paid?

Labeled as advice in General Domain Discussion started by rentmynames, Aug 8, 2018.

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  1. rentmynames

    rentmynames TheFinestDomains.com Gold Account

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    How do you respond when the buyer says this about how much you paid:
    The buyer cancelled the deal after she knew the price I paid ($xxx) for the domain 2 months ago.
     
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  2. creataweb

    creataweb Top Member VIP ★★★★★★★★★★

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  3. E-Promote

    E-Promote Active Member VIP ★★★★★★★★★★

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    Be diplomatic and probe. At this point the sale is dead in the buyers mind, so ask them what they would like to offer. They may come back at you with the price you paid...if that happens tell them to take care. If they come back with a somewhat decent offer, well now you have something to work with. You may never see the previous offer again from them but you can now try to pull them closer and you can always decline to sell if they don't come up far enough in the end. Don't worry about the previous high offer if they don't come close this time, they never wanted to pay it in the first place and are now just looking for a way out.
     
  4. NamesAgent

    NamesAgent Established Member

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    Clearly they want the name. What you paid for it is irrelevant. I would be courteous as to not burn any bridges, but kindly send them on their way. If they were ever serious about the original offer they may come back with another offer. If not, they were just looking for way out as E-Promote said previously.
     
  5. .X.

    .X. Always Buying Names VIP ★★★★★★★★★★

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    I don't respond, Don't Respond. Time is money, Money is time. and she is wasting yours.
     
    Last edited: Aug 8, 2018
  6. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    You are likely not going to covert a buyer with that attitude. The price you paid is irrelevant.

    They have 3 options -

    1.) Invent a time machine.
    2.) Pay a price you are willing to take.
    3.) Move on to another option.
     
  7. anantj

    anantj Active Member VIP

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    I'd go with what @E-Promote says. At a min, say thank you for your time and please contact me if you change your mind.

    Ps. An iPhone is manufactured for ~$350. Would someone, after knowing this, not buy the iPhone which retails at ~$800-$1100?
     
  8. anantj

    anantj Active Member VIP

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    How's @rentmynames's attitude a problem? Afaik, they've not yet responded
     
  9. Asfas1000

    Asfas1000 Active Member VIP

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    In a similar situation I have responded (with moderate success) that yes, one is able to buy domains for a much lower price, but it is a full time job.
     
  10. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    Not sure how you got that out of my post.

    "You are likely not going to covert a buyer with that attitude."
     
  11. anantj

    anantj Active Member VIP

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    Grammar lol. The subject isn't confusing in that statement! The "with that attitude" can also apply to "You" equally :)
    Sorry, not being a grammar nazi but I was genuinely confused.
     
  12. rentmynames

    rentmynames TheFinestDomains.com Gold Account

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    buyer's atitude :)
     
  13. rentmynames

    rentmynames TheFinestDomains.com Gold Account

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    This really make me not happy
     
  14. .X.

    .X. Always Buying Names VIP ★★★★★★★★★★

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    Don't take it personally. It happens. The buyer is disgruntled , nothing unusual when a deal falls through, It is people like her, you do not want to do business with, let it go and move forward.
     
  15. Smiles76

    Smiles76 Established Member

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    Wrong comparison. Think about real estate. If a buyer finds out that you purchased the house a couple months ago for $300,000 and you are now asking $1 million. Buyers would be equally upset unless you can justify what you DID to add value to the home (i.e. renovated the house, upgraded the electrical, etc.) The OP cannot explain what value he has added thus, the buyer doesn't feel the price in justified.
     
  16. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    The value is in locating and securing the asset in the first place.
    If domainers didn't exist, the good domain names would be registered by corporations or individuals anyway, but the big difference is that fewer of those names would be available for sale on the market.
    Domainers have a place in the ecosystem because they provide end users with a supply of viable domain names at affordable prices.

    Of course, this is not the kind of reasoning that people are usually willing to accept.

    You know, it's almost like buying stocks at an early stage and reselling them at a profit later because they have appreciated. For example, I may have bought Apple stock in 1980 for $0.05, they are now worth $200+. So if I am going to sell them now, it will not be at the original price plus a small markup. No way.

    Or BTC. I may have paid $300 for stuff that is worth 5K today. What I initially paid is irrelevant.
     
  17. anantj

    anantj Active Member VIP

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    Sorry, time and effort do add value. You obviously need to justify the "markup" (so to say. Markup is not the right word in this context). @Kate has explained it better and in more detail.
     
  18. korganian

    korganian Active Member VIP

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    Hello XX,

    Our Billing team has called the Escrow and GoDaddy, They have warned us for the cybersquatting by you and also informed that this domain was sold for $xxx USD 2months ago.

    We are canceling the deal now.


    WTH?

    Have you contacted Godaddy about what she said they told her?

    @Joe Styler
     
  19. garptrader

    garptrader Top Member VIP ★★★★★★★★★★

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    A sale occurs when a buyer and seller come to an agreement on price. The buyer may feel taken advantage of because you bought the domain at a much lower cost than your asking price. But how are you going to feel if years of experience (losing money initially) have taught you how to identify undervalued domains and then you are pressured to sell this domain for far less than what you could get from another buyer? Presumably they are not the only end user so if they do not want to pay your price good luck finding a comparable quality domain at some ridiculously low price.
     
  20. glucosamine123

    glucosamine123 New Member

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    nice one
     
  21. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    no need to explain
    as the buyer doesn't want to understand

    just renew the name for 10 years set it at afternic/undeveloped BIN
    and forget about it

    and of course don't have it at godaddy...
     
    Last edited: Aug 8, 2018
  22. biggie

    biggie Top Member VIP ★★★★★★★★★★

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    Hi

    did you contact this "buyer" first.... or did they contact you out of the blue?

    it's relevant.

    imo….
     
  23. rentmynames

    rentmynames TheFinestDomains.com Gold Account

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    I have never contacted the buyer to buy my domains. :)
     
  24. Bertrell

    Bertrell Crypto Calrissian Gold Account

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    On the one hand, buyers like that are possibly trying to get you to lower your price.

    While asking "Could you come down on your sale price?" in a polite manner (versus condemning the seller right-off-the-bat) may not change anything, I'd give that a shot before being condescending or accusatory.

    On the other hand:

    Eff Those MFs 03.gif .com

    (pardon my abbreviations) :playful:
     
  25. marketer36

    marketer36 Established Member

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    Don't respond to her email about canceling the deal.

    Renew that domain name for 10 years and just let it sit.

    If she had interest in buying it - then it's likely someone else will :xf.smile:
     
    Last edited: Aug 8, 2018

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