offers What is the highest offer you've rejected?

[atinc]

I thought it would be interesting to see offers that nP users turn downed in their domaining journey.

Let's share the amount of offer, and the domain name.

Let us know if you regret your decision?

For example:

This year I received a $2500 offer for Beverage.Catering by an enduser from U.K, but I've turned it down and I don't regret it.

 

[Ayananta Chakraborty]

I didn't get any offer to reject

 

[TrueDN]

lot of 20 offers at GD :P

 

[Al Marri]

I got some Offers , one them i rejected in the same time $xx,xxx for ".company" extension .

 

[RJ Russell]

A well known brokerage reached out to me a few years ago about a buyer they had who wanted one word dot coms. They had Stuffed.com on their list and approached me with a $30,000 offer. I thought it was worth more at the time so we ultimately did not close the deal. I wouldn't say that I regret that decision, but if I had the same offer today then I would accept it. I turned down a separate $10,000 offer for it this year. It remains one of the highest traffic and revenue names in my portfolio.

During the same discussion the same brokerage asked me about any other one word dot coms I had. I told them about Squats.com and they offered me $20,000 for it, but I declined that as well. Just in the last month I have declined a $15,000 offer and a $10,000 offer for that name from different prospects. I think $20,000 is a bare minimum for it yet I think it is worth even more than that. No regrets there.

I have another eight letter dot com that I turned down a $25,000 offer on. I still own it and I think it is worth much more. It is in a far more stable (and growing) niche than crypto so when I see BitcoinWallet.com sell for $250,000 I don't see why this particular name would not be in a similar range. There is some regret here, but I was hoping to get this prospect a little higher.

I have recently rejected a $15,000 offer on a six letter .org name that I think is worth $25,000 at a minimum.

I have recently rejected a separate $15,000 offer on a different five letter .org name that I think is worth more than $25,000 yet this particular name is one that I am not inclined to sell at all.

Finally, I had a $10,000 offer from a large company for a name that I think has the potential to close with an extra digit. This company claimed that they would not be able to get support in their budget for any more than their $10,000 offer, but I am comfortable holding out for a competitor to come along. I'd love to close now, but I would prefer to hang on and see this one fulfill its potential.

Despite all of this and my successful sales, I always have the lingering feeling that I should be doing better than I am.

 

[domainer111]

The best offer I got was $500,000 for cheaptextbooks.com around six or seven years ago. However at the time, the domain was making up to $90,000 per annum. I'm probably down a bit versus taking the offer. The highest offer now is much lower.

 

[Premiums]

I just got an offer $888 for THE-REALESTATE.COM

 

[domainer111]

Sounds like you're doing very well there @ZenDomains.com ... who do you use for brokering?

 

[Isac]

I got an offer of $ 2500 on Godaddy which i rejected, but later i sold that domain here for $ 2000

 

[Haykay2005]

What is the meaning of this name?? How is it premium and what is your expectation from it??

I will really appreciate your response.

Thanks

I can see some endusers will longer and crap domains. I guess $25k is a good deal though

 

[learie]

I have turned down a $300 offer right here on NP for a brandable and boy I regretted it.

 

[Sumeeth]

B/l/o/c/k/C/h/a/i/n/D/i/g/i/t/a/l/A/s/s/e/t.com for $250$r! rejectedit, what do you say the best price? Should have I accepted it? I am looking for xxxx atleast so rejected it!

 

[TheDomainsGroup]

do you think it was a good move? do you mind sharing the name? Curious as my portfolio consists of some significant casino names at the moment.

This year i knocked back 1k for a casino domain.

 

[Ategy]

Nice thread guys. A couple of months ago I said no to $2.5k opening offer for a crypto name. I came back with $15-20k I think .. but it was out of their budget. no regrets. I think max I could have gotten them to about 5K, but it's "Crypto" with a strong keyword in com so was looking for into the 5 figures.

 

[lock]

do you think it was a good move? do you mind sharing the name? Curious as my portfolio consists of some significant casino names at the moment.

casinochain I am more than comfortable keeping it. ( I hadn't advertised it )

 

[lock]

What if you never sell it? Just because you received an offer doesn't mean another one will come again. I offered to buy a domain name from a guy 15 years ago and he turned down my offer which was more than fair. Guess what? He's still trying to sell that domain and even sent me an email the other day asking if I'm still interested which I'm not. Never think you're the only game in town.

I have made mistakes with wording and negotiation over time but I now have a higher ratio of buyers as have aquired skills over the experience now qualifing each opportunity with better tact. Domains are like fads something hot in 90's isn't hot in 2000's etc. I have plenty of these regrets also.

 

[smartwebby]

I have turned down a few 1K-3K offers on my 1 & 2 word .COMs which I don't know whether to regret or not! Since I learned from Rick Schwartz and I'm a developer myself I always feel my domains are worth much more!!

 

[fitkhan]

Rejected $2500 offer on WebConsulting.com

 

[afako]

Turned down offer of $535 on LoanLondon.com

 

[Kingslayer]

Reading some posts in this thread:-

 

[NYJimbo]

I just got an offer $888 for THE-REALESTATE.COM

A "the" domain with a hyphen ? You might regret passing on this one. But only time will tell.

 

[jamaltq]

$50k
uWon.com
Through Uniregistry.com

 

[learie]

$50k
uWon.com
Through Uniregistry.com

Are you saying you turn down such a figure???

 

[jamaltq]

Are you saying you turn down such a figure???

Yes
The offer was $5k down, and the the rest monthly payments.

 

[RJ Russell]

Sounds like you're doing very well there @ZenDomains.com ... who do you use for brokering?

Brokering is a touchy subject for me. I have yet to come across many that I like and I have never had a broker successfully sell a name for me. If you are asking about the rejected offers I mentioned above then know that only the first two that I named were related to the brokerage that approached me unsolicited. The rest of the rejections I mentioned but did not name were inquires and negotiations that I handled myself.

I have tried nearly every broker around and they are almost all terrible. They will insist that every name you own is worthless. When that happens you have to sit back and ask yourself if you should re-evaluate your portfolio or if something else is up. I have sold enough names now and at high enough prices to recognize that I know how to do this as well as anyone. If anything I am selling my names for prices that are far too low. This should be the void that a broker fills, but most of them only seem to deal with the low hanging fruit.

Look at people like Rick Schwartz, Michael Berkens, and especially Mike Mann. They don't push their names through brokers or do any outbound work. Frank Schilling doesn't either; all of his outbound work is spent relentlessly harassing previous inbound inquiries. I would love to use stronger language here, but I would recommend that you forget about using brokers. They only seem to leech a cut out of names that are already good enough to sell themselves.

I started building my platform back in 2012 after experiencing this nonsense. This was back when DomainNameSales (now Uniregistry) was exclusive to a few limited high end sellers and BrandBucket was the only game in town in its niche but with its notoriously outrageous fees. So while I am reluctant to recommend a competitor that has come along well after I conceived a similar idea, Doron Vermaat is a good dude and I would recommend using Efty. Self-brokered names at Uniregistry and Epik are also solid ideas. If I can ever get time to give my own platform legs and release it to the public then I think it will undoubtedly make a solid impression as well.

If you want to know the brokers that I have so far found to be decent then here is my list:

1. Lumis: Hobi and Slade Michalec, formerly of Domain Holdings, are polite and courteous enough to reply to you even if they decline to broker your names. I have found that quality to be rare among brokers.
2. NameExperts: Joe Uddeme, also formerly of Domain Holdings, is just as polite and willing to be honest with you about your names. He is also one of the Masters of Domains: https://www.escrow.com/cn/masters-of-domains
3. NameConnect: John Daly seems to be a good dude and lacks the pretentiousness so common in this field.
4. Evergreen: I have never tried them, but I am a fan of Adam Strong. He seems like a sincere guy and someone worthy of trust. I wouldn't hesitate to work with him.

That's it. I have talked to over a dozen brokers and brokerages, some now defunct, and that is all I would personally recommend at this time. There are some truly bad ones out there and some of them are surprisingly considered top dogs. Color me less than impressed.

I owe all of my success in domain investing to watching what Mike Mann does and ignoring all of the other noise out there. Margot Bushnaq's BrandBucket also opened my eyes to the opportunities that exist with made up words and while I owe some of my success to following that path I absolutely hate their business model.

 

[iAchilles]

Likely TLDR but if you are beginning your domain investing journey this is a worthwhile read.



Not my highest but one that still annoys me...

Acquired W e-d-e-l-ver --- wine .king (correct the spelling) here on NP for 12 bucks. I was still in my very early days and I didn't yet appreciate how difficult it was to garner offers this high on a domain of that quality on outbound, never mind general interest.

Offered 1500, I countered to 2k and blew the deal, all follow ups at agreed price and even lower pricing failed.

I ended up selling it here on NP for a tiny ROI and I see it's still listed for sale.

___________________________________________________________________

I had two other domains which received 5 figure offers that I turned down and I knew end user sales were inevitable. There's some names where you just know the right buyer will eventually come knocking.

It was as though the Universe conspired to force my hand to liquidate. Right before Christmas medical related bills started racking up along with a huge PP chargeback and a 200 domains to renew, I was forced to liquidate on the reseller market.

I made a great ROI for the reseller market (approx 1000%), however both resellers ended up making end user sales less than a year later.

However, you can't focus on the negatives, you have to learn from these experiences and appreciate the silver lining.

The silver lining for me was that 1 year in to my domain investing career I managed to identify and acquire quite cheaply two domains that were worth 6 figures combined and that tells me that my instincts were right and that my skill at identifying commercially valuable domains was drastically improving. (Thanks to Namepros!).

I sold them here via NP via the wanted section. I pmed 15 resellers on wanted threads and only three responded to my PM. Amazing as the value was glaringly obvious imo. This also taught me that valuations and opinions from other domain investors (unless value is liquid) are to be taken with a pinch of salt.

If you do your homework and you identify the value to a market and you can foresee a domain being branded out. i.e by who and how it can be used, trust your instinct and ignore the noise. However, don't be delusional and be open to criticism. If your research is sound and your instinct is right, you will have no issue countering any criticism with sound logic. If you can't then maybe your domain does suck.

I don't post valuations any more and I don't offer my opinion unless I know the niche/market the domain is in, otherwise a valuation is worthless. Sure you can go through comparable kw sales, but the fallacy here is that you assume that all those sellers had in depth knowledge of said market and that all those comparable sales were in the same niche/market.

Three names i asked for valuations on here were deemed reg fee yet all three sold to end users in a very short space of time.

Finally, this taught me the value of focusing on niches and markets that you know inside out, this will give you a massive edge over other domain investors who use the scatter gun approach. Great names in the niche I now focus immediately stand out and when the value isn't obvious to general investors I can often acquire them on the drop uncontested. Lastly, it's important that what you focus on is a cash rich market.

Please don't mistake this post as "I've reached the mountain top". Far bloody from it! I've got so much more to learn.