When to counter offer?

[Broker]

Just received an offer on one of my domains a few hours ago. Its a pretty odd domain and if I'm correct in who I could only guess at this point may have made the offer, their worth millions.

I want to play my counter offer right including timing. Should I wait a couple days or respond right away?

Thanks

 

[Jeff]

Counter offer ...

Respond right away, IMHO ... and, if you could, please copy & paste their approach offer/email to you here for best assessment, as well! :gl: :talk:

All the best, HasRob.
-Jeff

 

[Broker]

Thanks Jeff, offer was made through sedo (sigh)

 

[DotWeekly]

If your not happy with the price, counter for the price you think you can get for it. Check www.NameBio.com for past sales of like keywords etc.

Best of luck!

 

[Broker]

I countered for double what I want with the hopes of meeting somewhere in the middle. Its all or nothing this time

 

[Michelle]

Good luck :tu: let us know what happens

 

[Jeff]

Thanks Jeff, offer was made through sedo (sigh)

Sedo?

Anyway, good general strategy (with the, "hopes of meeting somewhere in the middle" etc.) IMHO and best wishes on this one, Rob! :talk:
Please keep your Friends© here posted.
-Jeff

 

[DotWeekly]

On Sedo it seems when I counter, I never hear back... Not sure why. I don't always send a really high counter, but it just seems that I never get a reply back.

This last offer, I just sent it to auction. I was going to counter at $5K, but sent it to auction at $1,100 .... Let's see how the auction does.. Domain is in my sig.

 

[danielr]

Worth millions?

WPT / world poker tour is trying to negotiate for one of my poker domains and they only want to pay less than 1 year parking... the have no clue the value of high traffic generic parked names.

Soutwest Banc Shares ( a billion dollars company) was interested in one of my banking names and i wanted 20K for it and nothing ever got past the low $XXXX.

Just because a company has deep pockets does not mean they will pay a large amount for the name.

When dealing with SEDO or Afternic you have very little information as to who the buyer is. If you receive the offer via email you have so much more negotiation power and can find out who wants the name and why.

One of the best domain negotiators I ever met told me that when you recieve an offer - is to determine an amount you would sell the domain for... then counter with double the minimum price you would sell for. You can always successfuly negotiate down but never up when selling domains.

I would never delay in any offer. Have you ever wanted a domain badly and then after you thought about it for a week ... you decided the names was not all that great. That is why I would always discourage puting the name in closing soon or auction after negotiations are met.... unless u are sure the name will sell or should sell for more.

I am getting more and more offers on SEDO and mostly just bottom feeders making $100 offers on decent 2 word .com's. I counter with double the amount i would sell for and when they counter back at $150 I just cancel the negotiations. I probably should raise my min. offers on sedo but its a good tool to see how many people are interested in a decent name.

One of the most important aspect i have learned about selling names on SEDO and AFTERNIC -where they find your name listed there for sale and not from a parked page (note I dont park my names at either)... When they make an initial offer higher than the minimum bid...... Then they are very intersted in the name and you can negotiate with them. However when you get the mimimum offer the first time around.. I am not going to say never, but it is very unlikely it turns it to a huge sale.

 

[hostingsearch]

I always respond right away unless I think the offer is way too low.

 

[Broker]

Worth millions?

WPT / world poker tour is trying to negotiate for one of my poker domains and they only want to pay less than 1 year parking... the have no clue the value of high traffic generic parked names.

Soutwest Banc Shares ( a billion dollars company) was interested in one of my banking names and i wanted 20K for it and nothing ever got past the low $XXXX.

Just because a company has deep pockets does not mean they will pay a large amount for the name.

When dealing with SEDO or Afternic you have very little information as to who the buyer is. If you receive the offer via email you have so much more negotiation power and can find out who wants the name and why.

One of the best domain negotiators I ever met told me that when you recieve an offer - is to determine an amount you would sell the domain for... then counter with double the minimum price you would sell for. You can always successfuly negotiate down but never up when selling domains.

I would never delay in any offer. Have you ever wanted a domain badly and then after you thought about it for a week ... you decided the names was not all that great. That is why I would always discourage puting the name in closing soon or auction after negotiations are met.... unless u are sure the name will sell or should sell for more.

I am getting more and more offers on SEDO and mostly just bottom feeders making $100 offers on decent 2 word .com's. I counter with double the amount i would sell for and when they counter back at $150 I just cancel the negotiations. I probably should raise my min. offers on sedo but its a good tool to see how many people are interested in a decent name.

One of the most important aspect i have learned about selling names on SEDO and AFTERNIC -where they find your name listed there for sale and not from a parked page (note I dont park my names at either)... When they make an initial offer higher than the minimum bid...... Then they are very intersted in the name and you can negotiate with them. However when you get the mimimum offer the first time around.. I am not going to say never, but it is very unlikely it turns it to a huge sale.

Funny you say that, I have reason to believe the one who made an offer on my domain is one of the biggest poker companies out there. They own the .net version of what I have in .com and what they made the offer on.

Personally I dont care. If they want the domain bad enough they'll pay what I want for it. They have no option. Next counter offer I'll put my same counter as before and type a message to them. No bluffing, no auction, final offer

 

[Spade]

I countered for double what I want with the hopes of meeting somewhere in the middle. Its all or nothing this time

Thats a good plan of attack. Expect to negotiate, set the bar high, and work your way back down.

Justin

 

[Kate]

I would advise not to respond within minutes.
As a matter of strategy you should not display eagerness to sell. So I usually take at least one working day
Remember they want your domain.

 

[gazzip]

Just because a company has deep pockets does not mean they will pay a large amount for the name.
.

So very true, I've had a few HUGE companies that would'nt even pay low $xx,xxx - End users don't think like domainers and they usually have other options.

I would advise not to respond within minutes.
As a matter of strategy you should not display eagerness to sell. So I usually take at least one working day
Remember they want your domain.

I agree, at least one day but 2 max - I always try and check first to see if any other variations or extensions of the domain have recently been registered, spend a little time digging + check Google news & searches to see if there is anything new happening regarding the keywords in your domain.

JMO - Good luck with it :tu:


.

 

[Broker]

What I do find odd is that the domain they made an offer on has zero visitors this month. Wouldnt they have to click on the domain to make an offer on sedo? Its not parked at sedo but shouldnt there be a visitor/unique in order to make an offer on it?

 

[Sleepys]

What I do find odd is that the domain they made an offer on has zero visitors this month. Wouldnt they have to click on the domain to make an offer on sedo? Its not parked at sedo but shouldnt there be a visitor/unique in order to make an offer on it?

There is an option on Sedo to blank out the traffic on names for sale when the traffic is below 50. I believe this is what happens when your name has no visits for the month. Rather than saying 0, it just doesn't say anything.