What Is Your Longest Domain Sales Period/Duration?

[jideofor]

Let's face it! Domain sales, most of them, don't happen on time. How do you deal with your end user when he has only showed interest once in 2 week and counting-in the first email to you to register his interest. There are more cases like that.

What is your longest sales period for a particular domain and how did you manage to close the sale?

This could help people manage their impatience when dealing with non-responsive end users.

 

[lennco]

I sold a wallet domain last week and the original offer came in last January, so six months of going back and forth trying to get the buyer to up their price and in the end I took his original offer...lol

 

[jideofor]

Thanks, lennco. How frequent were you emailing him?

 

[lennco]

Thanks, lennco. How frequent were you emailing him?

I sent 4 offers to them in a 6 month span until I just gave up

 

[FX]

One of my longish sale's to complete was for .com sued

From first contact to sale was around 6 weeks buyer paid $25k via sedo

 

[lennco]

One of my longish sale's to complete was for .com sued

From first contact to sale was around 6 weeks buyer paid $25k via sedo

I think that one was worth the wait

 

[jideofor]

Thanks, FX. Good lesson learned!

 

[Name Trader]

My longest sale was uncompleted. I seem to have a lot of them

 

[fm1234]

I take up pretty active negotiations once I have a nibble, but I'm not a high-pressure salesman, particularly with a portfolio that I have whittled down almost exclusively to domains I'd be happy to own as developed sites (ie. I don't much care whether they ever sell, since I'll make money off of developing them.) I put all prospects on a 35-day timetable that starts with the first "How much?" mail from them, and ends with me thanking them for the time and suggesting that they get up with me when ready to commit.


Frank

 

[jideofor]

Thanks Frank... It would have been nice to see other domainers comment on this thread.

 

[mhdoc]

I don't actively try to sell mine but two of my infrequent sales were several (6?) between time of first contact and finally selling. I think both needed some time to decide the name was worth the roughly $1,500 I asked. At least one then needed time to raise the money. I think the other was related to seeing how their business held up.

I didn't have contact with either of them once I sent them my price.

 

[ipodxpert]

For me it was 9 months for a domain name with .co.in extension. It was sold to a entertainment company based out of India/Asia.

Reason it took 9 months is that first couple of months after tons of emails and few telephone calls we agreed on a price and then few months for them to release the fund after getting approvals from 3 different depts.

 

[south]

Had one that got a first contact was in September 2010, sold in May 2012. Nice guy, very interesting.

Here's a couple of plugs for him:

http://bensaunders.com/

His current adventure (related to the name he bought, I threw this domain in with the sale):
http://scottexpedition.com/

 

[jideofor]

Thanks friends... I am learning and I know some people are also learning as well.

 

[jideofor]

I once had one sales that lasted 2 months but never materialised... Too bad.

 

[FPForum]

My longest duration hasn't been too long actually. About one month from contact to closing the deal and receiving the funds. I've heard of it taking some people months to close. If you start talking six figures and up for a name it can take up to a couple of years for all the paperwork, NDA's..etc to be worked out.

 

[biggie]

:talk:


3 yrs



I knew same entity was making offer and each year I raised the price

I guess they figured to buy before price went up again.

live site:
http://www.coinweek.com/

 

[GiftedDomains]

4 weeks. But i never had any xx.xxx or higher sales. just high x.xxx was max.

based on my own little experience, its better not to send many emails, makes you look desperate and buyer starts thinking he might be overpaying for the name or the name is maybe not that good since looks like you don't have any other potential buyer or something else could be wrong ..or..or...or.
I just leave it and don't send any reminders after initial contacts, etc.
Plus i hate to beg or run after anything anyway. Not that i am not a proactive domainer, but only the marketing and presentation part. the rest is quite short and not so "active". Unless someone bought something and doesn't pay, then yes. Kicked two people out of ebay and only one case where i had to consult a lawyer in 2009 where we had signed contract in Germany.
I think if someone is serious, they will come back. And chances are higher for successful sales if you keep your negotiation tactics minimalistic.

 

[jideofor]

:talk:


3 yrs



I knew same entity was making offer and each year I raised the price

I guess they figured to buy before price went up again.

live site:
http://www.coinweek.com/

Hhmmm... interesting

 

[The New Guy]

About 2 months.