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...

 

[yogiDomain]

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".

This is what i think after reading your post
When you offered high XXXX ,he was not scared but he came back low x,xxx, what does this really means that he is interested in this domain. and he want to buy it. If he dint had a good budget he might have just run away after looking at your high x,xxx offer.
I would suggest you to be firm with whatever your current offer is and reply back explaining the potential about the domain name and why its worth high x,xxx and end the mail saying thats the lowest i can go and thanks for the offer. I look forward to do business with you.

 

[forge]

I would suggest you to be firm with whatever your current offer is and reply back explaining the potential about the domain name and why its worth high x,xxx

Wasted words IMO. End-users are simply not interested in "explanations" of a domain's perceived value, it all boils down to dollars and cents.

Wait for their reply. A second email from the seller at this point smacks of desperation.

 

[biggie]

End-users are simply not interested in "explanations" of a domain's perceived value, it all boils down to dollars and cents.

Wait for their reply. A second email from the seller at this point smacks of desperation.

:talk:


totally agree, forge!

a buyer already "knows" why, they want it.

they just don't know how bad you, want to sell it... yet.

 

[yogiDomain]

Wasted words IMO. End-users are simply not interested in "explanations" of a domain's perceived value, it all boils down to dollars and cents.

Wait for their reply. A second email from the seller at this point smacks of desperation.

I Disagree though.
He is end-user(Not underestimating an end-user). He knows how valuable the domain is but what if he is ignorant of the current domain market situation. You to need help him out with the valuation.
If he is smart enough to google stuff then, he will surely let you know about his knowledge.

Educating a buyer is never a waste of words when there is a possibility of a deal.

Just telling him the price and waiting for his reply wont help either the seller or the buyer.

Just MO

 

[{Mike}]

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!

I agree about not trying to be greedy, especially when it comes down to hand regs (< $10) with high ROI. The part I disagree with though is the "domaining is on the collapse" rhetoric you seem to pursue here. It's simply not true or at least your opinion is based on anecdotal evidence unless you have data to share with us.

 

[JayJay]

Update: The name was pushed a few days ago for $1000, not extremely thrilled about this, but a sale is a sale and it totally saved me this month as I'm a Realtor and I had a closing pushed back to april 15th that was supposed to close yesterday.

Going to use a broker for the rest of my names instead of just sitting around and waiting.

 

[biggie]

Update: The name was pushed a few days ago for $1000, not extremely thrilled about this, but a sale is a sale and it totally saved me this month as I'm a Realtor and I had a closing pushed back to april 15th that was supposed to close yesterday.

:talk:

Congrats on the sale!


don't see how someone can get tired of sitting around and waiting, if they know they have good domain names.....unless they need the money.




send me a list of your best 5 .coms, if you want


Good Luck!

 

[JayJay]

:talk:

Congrats on the sale!


don't see how someone can get tired of sitting around and waiting, if they know they have good domain names.....unless they need the money.




send me a list of your best 5 .coms, if you want


Good Luck!

Thanks man, will be contacting you soon when I figure out what I want to hold a bit longer and what I want to sell. If I didn't need the money I'd be sitting on everything for a couple more years for sure.

 

[kaleholdings]

I'm new to domaining, so take my rec with a bag of salt:

I had this happen recently on a .cc domain name. I did all the things one should do when selling a domain and that my investment background suggested I do. I got an inbound offer of $200, countered with $2,500 and the guy didn't blink. In the end, I think it's a Chinese casino owner that will develop the domain and that I could have gotten more money. As of yet, there's no site.

Moral of the story - do your homework and sell. You may be able to get more from someone else if they happen to come along, but you also had -$8 to $14 yesterday, so no matter what, you're up.

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Didn't see updates - congrats on the sale.

 

[JayJay]

Moral of the story - do your homework and sell. You may be able to get more from someone else if they happen to come along, but you also had -$8 to $14 yesterday, so no matter what, you're up.

This is very true, no matter how I look at it its a win against many many of my previous losses (drops etc). I did as much homework as I could on the buyer but sort of gave up since everything related to him was in spanish and didn't translate too well.