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

[rentmynames]

How do you respond when the buyer says this about how much you paid:

inflated price- for $xxx domain which was sold a few months ago you were saying $xx,xxx.

The buyer cancelled the deal after she knew the price I paid ($xxx) for the domain 2 months ago.

 

[bmugford]

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

Not sure how you got that out of my post.

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

 

[rentmynames]

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

buyer's atitude

 

[rentmynames]

This really make me not happy

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.

 

[korganian]

This really make me not happy

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

 

[garptrader]

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.

 

[marketer36]

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

 

[sharjeep]

Honestly, you have no obligation to justify your price...so don't.
Remember, they came to you.
Just politely thank them for their consideration etc and wish them a nice day.

Then do as Sinh ^ advised but add a step:

4) Put it up on a large marketplace (Sedo/Afternic) with a BIN.

If they reconsider, they can hit the Buy button.

 

[drewwash]

You never need to justify your price. The buyer either values the domain at the selling price or not.

I can see how a weak buyer would struggle with this though.

I typically address similar concerns by telling them that you were excited to get the domain for that amount. However, you value it at the amount you are selling for and will hold it rather than sell for less.

That very accurate and straightforward statement has helped address both their concerns and any "guilt" I may feel.

 

[werty]

And this is exactly why I don’t like people and namebio reporting reseller auction results... Have been saying it for years...

 

[BigTree]

This excellent example why Estibot more hurts than helps to sell domains.

Most people will not like pay (if they know how much you paid) many times more because it seems like overpaying, no good deal. It motivates them more to find other domain.

 

[rentmynames]

I politely accepted their cancellation. I don’t bother to argue, don’t have time for that . Not a big deal, only $85,000. New price also updated (6-figures). I don’t bother to tell them about the update, but if they happen to visit the landing page, they’ll see my new price.

 

[anantj]

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

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

 

[Asfas1000]

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.

 

[.X.]

This really make me not happy

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.

 

[Smiles76]

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?

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.

 

[glucosamine123]

How do you respond when the buyer say this.



The buyer cancelled the deal after she knew the price I paid ($xxx) for the domain 2 months ago.

nice one

 

[biggie]

Hi

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

it's relevant.

imo….

 

[Bertrell]

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:

.com

(pardon my abbreviations)

 

[mr-x]

Offer to sell the .net at her price.

 

[RobertoG]

1.) Invent a time machine.

this is my standard response also.

 

[OmarVG]

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.

Tell the buyer: Its your loss, Iam still the owner of the domain. You are a fake low Budget buyer! Please dont waste my Valuable Time with your nonsense ignorant response.

Once the buyer read the nasty come back, the buyer will feel Miserable, Poor, Sad, Angry and Unhappy! LOL

 

[viniproject09]

Just evaluate the market price of the domain. If you bought at a very low price and selling at high price. Never share at what price you bought.

 

[shig]

Let it be. Depends who you are dealing with. You are probably not dealing with an end-user. I have paid 10x for a domain on this site knowing the original price they paid (but I was thinking from an end-user perspective and didn't want to regret not snatching it). I also know its a part of the game and you have to make profit to counter your losses. If they don't like the game, tell them to take their business elsewhere.

 

[lock]

Tell them for ($xxx their allowed budget) you can buy them any name in that case based on availabilty. You also know what your seller paid but it didn't deter you.
eg name is $500 selling for $2500 = 500%
but new it was $10 and at $500 = 5000%
You paid the highest margin.

 

[lock]

In my opinion, I will keep silent and do as below:

1- Renew domain for 5-10years
2- Private your domain
2- Increase price upto 3 times

P.S: I have experienced this case and finally the buyer had to email me back and bought the domain.

Legendary that is the gutsiest move believing in it.