What to do if a legit end user contacts you first?

[JayJay]

So here is the situation. Buyer contacts me through whois, not an appraisal scam. Asks if the domain is for sale and if so what would be the price. I come back high x,xxx but tell him its being held for development. He comes back very low x,xxx saying it is his "max price" and "final offer".

Where do I go from here if I come down I look like I'm deflating value in my .com if he comes up he looks like he was lying when he said it was his final offer?

By the way the .com I own is regged by others in 8 other extensions (large geo+keyword in the hospitality industry). Ive looked through many threads over the years and learned quite a bit about what to do when contacting end users first, but stumped a bit now that one came to me first.

Thanks for any help np...

 

[Ralph2472]

So here is the situation. Buyer contacts me through whois, not an appraisal scam. Asks if the domain is for sale and if so what would be the price. I come back high x,xxx but tell him its being held for development. He comes back very low x,xxx saying it is his "max price" and "final offer".

Where do I go from here if I come down I look like I'm deflating value in my .com if he comes up he looks like he was lying when he said it was his final offer?

By the way the .com I own is regged by others in 8 other extensions (large geo+keyword in the hospitality industry). Ive looked through many threads over the years and learned quite a bit about what to do when contacting end users first, but stumped a bit now that one came to me first.

Thanks for any help np...

Personally, I would probably ask to negotiate somewhere in between the two figures saying that you are sure that you can both come to an amicable agreement.
Obviously you don't want to sell too low; but don't be too greedy either if you think it's a genuine offer.

Just my thoughts on the matter.

Regards

Ralph.

 

[JayJay]

Personally, I would probably ask to negotiate somewhere in between the two figures saying that you are sure that you can both come to an amicable agreement.
Obviously you don't want to sell too low; but don't be too greedy either if you think it's a genuine offer.

Just my thoughts on the matter.

Regards

Ralph.

Thanks Ralph appreciate the response. Thing is I would be moooore than happy with mid x,xxx but didnt want to scare him away. I think I will go ahead with this route.

 

[AEProgram]

close the deal before he gets cold, even perfect single word industry names are hard to sell for good money, jump on any opportunity to sell, even the big boys with mega names are becoming desperate

 

[biggie]

:talk:

besides being scared, what's keeping you from sticking to your original asking price?


do you think no one else will be interested?

where's the confidence?

imo....

 

[{Mike}]

close the deal before he gets cold, even perfect single word industry names are hard to sell for good money, jump on any opportunity to sell, even the big boys with mega names are becoming desperate

Source? AFAIK domains are still selling everyday. Please press the hold button on your doomsday machine.

 

[Domainerr]

Reply with this Email Format..:D

Hello,

Thanks very much for your update but unfortunately I need an offer of at LEAST $xxxx USD to be able to represent the offer for consideration. Thus we cannot move forward now or in a couple of weeks at $xxx USD — Sorry! Let me know if your budget increases in the future!

Best
xxxxx

 

[JayJay]

:talk:

besides being scared, what's keeping you from sticking to your original asking price?


do you think no one else will be interested?

imo....

Honestly, my gut tells me he is representing someone else and its the owner of all other extensions. I could use the money and yes im scared of everything ha. Now you have me thinking of standing my ground hmm.

 

[jideofor]

What see here is that you should first evaluate certain factors.

How did you acquire the domain name?

Was it hand reg or you bought it from auction, pending delete?

when you look at this and weight it against what he offered plus the profit magin, you should have good review.

 

[JayJay]

Ok, just got home I hate posting with my phone. Thanks again for the responses, It was a hand reg last year, but I'm going to lower the price a few K and stay firm from there. If this doesn't work so be it there will be other buyers the more I think about it I really am not desperate.

Edit: Will update the thread if and when this sale closes, but I do feel this thread should continue to be used in the future for anyone else who gets contacted out of the blue without first listing the name for sale or sending out end user emails.

 

[biggie]

but I do feel this thread should continue to be used in the future for anyone else who gets contacted out of the blue without first listing the name for sale or sending out end user emails.

:talk:

Hi

if.. you are not "used" to being contacted out of the blue , then of course, you may not know what to do.

if/when, you have desirable domain names and your whois is accurate, then most likely.... someone will contact, you.

so, be ready and "act' like you've done it before.





imo...

 

[JayJay]

:talk:

Hi

if.. you are not "used" to being contacted out of the blue , then of course, you may not know what to do.

if/when, you have desirable domain names and your whois is accurate, then most likely.... someone will contact, you.

so, be ready and "act' like you've done it before.





imo...

This is good to know as most of my domains were speculative (in fields that didnt yet exist, or geopolitical etc) and were regged years ago, most are finally coming into play now and I expect more activity later this year or early next year.

You've had quite a bit of experience as do a few others in this thread so I value your opinions on these matters, how do you feel about using private whois, should I stop this practice since Im mostly waiting to be contacted in this same way again? I generally reg everything at name using privacy.

 

[DN_Hunter]

Check if there have been any sales with either of your keywords and note the selling prices (or sales of domain names with simliar or related keywords).

You might be able to use those sales figures to help support a higher asking price...

Regards,
DN

 

[JayJay]

Check if there have been any sales with either of your keywords and note the selling prices (or sales of domain names with simliar or related keywords).

You might be able to use those sales figures to help support a higher asking price...

Regards,
DN

Thanks DN, the domain is (geo)+hotels which was why I landed on high x,xxx for my first price. Sales definitely justify my new lowered price based on dnsaleprice.com. The buyer is part owner of an IT firm based in Europe. Not sure how much business they do but I assume hes acquiring my domain to dev for a client which may or may not be the guy who owns the other extensions.

Or I'm wrong and hes just a guy in some form of IT who values my domain at max 1k, if that's the case so be it I definitely learned from this thread how the community chooses to handle these negotiations either way. Too late now to go back and email him other sales to show value, hes had about 2 hours to think about it already, I gave him 2 days.

 

[biggie]

This is good to know as most of my domains were speculative (in fields that didnt yet exist, or geopolitical etc) and were regged years ago, most are finally coming into play now and I expect more activity later this year or early next year.

You've had quite a bit of experience as do a few others in this thread so I value your opinions on these matters, how do you feel about using private whois, should I stop this practice since Im mostly waiting to be contacted in this same way again? I generally reg everything at name using privacy.

:talk:


jay, future forward domains can be good regs, especially if that "trend or tech" goes mainstream.

as for privacy, I never use it.

my motto is to make it easy as possible for a potential buyer to reach me.

imo....

 

[AEProgram]

Source? AFAIK domains are still selling everyday. Please press the hold button on your doomsday machine.

Homes in Detroit are still selling too, but if ya got one for sale and you finally have an offer unload it and stop pipe dreaming.

This is not really a time to massage anyones emotions, this is a time to be very very realistic. It don't matter if you fell for the fancy D*S landing page or use a "M**k" high on crack style domain Buy or Rent landing page, the offers even for names that are the best within its category are not coming. There is a reason even the largest portfolio holders are dropping names, sending out desperate sales emails etc.

Sure there are names that sell, and there will always be names that sell, but if you are a serious buyer and seller like myself you know whats up.

I have no goal or motive here, I am not a portfolio owner that is also a broker that's convinving people that FoolsThatFellForFancyLandingPage.com is worth 50k all so I can try to keep the value of my portfolio high.

My goal here is to rescue domainers for financial ruin because they are pipe dreaming.

You get a fair offer, sell the name and do it quick because even that offer might not work out at the end.

I came here to help with real advice that will help people financially. I didn't come here to be a domainer psychiatrist.

I apologize in advance if I offended anyone, this was not my intention at all!

 

[mjnels]

quality post AEProgram. its like that TV gameshow "deal or no deal." people on that show turn down great amounts of money for the chance at doubling or tripling it..money that was pulled out of thin air.

but you dont find that sort of realism around the domain forums/blogs. people hear and romanticize about selling styles where you just turn down every offer or demand 5x the amount and occasional some determined person does come along and will offer that crazy awesome impressive amount. or maybe if you just sold more domains at $xxx and $x,xxx you'd make more money.. domainers will hate you for "destroying the market" and "devaluing your portfolio and similar keywords" but blah blah blah...

 

[JayJay]

My goal here is to rescue domainers for financial ruin because they are pipe dreaming.

And for that I'm glad there are people like you on Namepros, there are many pipe dreamers around most of them are very new to the business. I have secured a few x,xxx and one xx,xxx sale in the past so I know there is money to be made. If I were really as desperate as I was originally thinking I would've taken your advice in this scenario and ran with the 10,000% ROI. It was only after further thought that I decided I really don't need the money right this second and this specific domain should only gather more interest in the future not less.

 

[AEProgram]

quality post AEProgram. its like that TV gameshow "deal or no deal." people on that show turn down great amounts of money for the chance at doubling or tripling it..money that was pulled out of thin air.

but you dont find that sort of realism around the domain forums/blogs. people hear and romanticize about selling styles where you just turn down every offer or demand 5x the amount and occasional some determined person does come along and will offer that crazy awesome impressive amount. or maybe if you just sold more domains at $xxx and $x,xxx you'd make more money.. domainers will hate you for "destroying the market" and "devaluing your portfolio and similar keywords" but blah blah blah...

one simply has to compare the action on the

just reged thread and the just sold thread to get a good dose of reality

 

[SpareDomains]

Lot of variables in domain sales. I generally don't look at how much I paid for a domain or parking income as most of all of my sales were $8 drops that I turned into x,xxx-xx,xxx and never had an end user ask for parking stats, domainers ask for those which isn't my market. Got one now that came in at low x,xxx and were up to low xx,xxx at this point but still undervalued in my opinion even though an $8 acquisition.

I valuate based on...

1)How profitable is the business sector the domain covers?
2)How good is the domain for the category? Easily replaced, many alternatives or is the domain the top domain for the business.
3)How many offers do I receive on the domain? Okay to blow a deal if you think the offer is undervalued if 5 offers a month come in.

A domain is worth whatever the "right" buyer is willing to pay for it. Buyer A may be presenting his best offer but to buyer B that offer could triple so sometimes ya have to pass if the domain quality warrants it. On the flipside you could pass on a decent offer and not get a higher offer for 2+ years.

Hate posting stuff like this as not trying to make anyone say 10k on all their domains and make no sales. Point is that fine to hit xxx-x,xxx on your lower quality, easily replaced domains but on your category killer .coms you need to ring the register x,xxx-xx,xxx as once their sold harder to replace those gems these days.

quality domain
high offer frequency
knowing who the buyer is
not needing the money

makes sticking to your guns on the gems a bit easier.

If you have a ton of bills then sticking to your guns even if warranted may become harder to do as the higher you push more risk enters the formula.