Why Choose Make Offer?

[Silentptnr]

I really don't understand why people use the make offer option without giving a range.

Then when you send an offer they just decline and don't counter. Seems like a real waste of time.

Also, as both a buyer and seller I don't feel people respond as well to make offer listings here on np.

Am I missing something?

 

[offthehandle]

Some people are really proud of their names, it's as usual an ego thing.

 

[hookbox]

Because someone at some point in time will make me a $25,000 offer for my $8 name. LOL Make offer is a waste of time. Put a price and sell it is my mantra.

 

[E-Promote]

1. Buyer offer is too low ball, seller figures not worth the time to continue.
or
2. Seller does not know how to sell names.

That's all folks...

 

[Silentptnr]

It really drives me nuts...Here's an example of an exchange....

Me: Hi! I saw your domain for sale listing and would like to make an offer of $XXXX.
Reply: Why are you lowballing me?
Me: Not trying to. I usually overpay.
Me: I have recently been offered other similar domains for not much more than $XXXX. That was the basis for offering $XXXX. Not to lowball.
Reply: You better buy those then.

That is ridiculous. Who sells like that?

 

[E-Promote]

As a buyer I would not use lines like I have recently been offered other similar domains for not much more than $XXXX...it's not a good buyers argument because the seller can easily call your bluff (even if it is not a bluff) as he did. As a buyer you want to probe the seller for their lowest price but you have to anticipate their next move before you even make yours.

 

[WeSell-Domains]

I use Make Offer on my Auction pages but I always state minimum offer. Once the offer is made, I counter just to see if the buyer is willing to go higher. If not then the minimum offer that we started with is what I am willing to accept for the domain name. Of course I don't tell the buyer that up front (until now anyway). One pet peeve I have is to start an auction at $1 but your reserve price is $20. Now that is a real waste of time.

 

[Silentptnr]

As a buyer I would not use lines like I have recently been offered other similar domains for not much more than $XXXX...it's not a good buyers argument because the seller can easily call your bluff (even if it is not a bluff) as he did. As a buyer you want to probe the seller for their lowest price but you have to anticipate their next move before you even make yours.

I only said that because this was truly the basis for my offer amount.

 

[MapleDots]

I don't even use offer, I just say "available for development" because I develop some domains, I logo up others, or I just sell the domains. Regardless I don't want to say for sale in case someone tries to reverse hijack me and trust me I have had that happen and its not fun.

However if someone does contact me I am polite, courteous and I listen to what the prospective client has to say. In most cases I say "it's a great start but I am looking for a bit more for that one".

I learned some of that from some advice from another successful domainer. I have tucked that away over the years and like the way it makes the conversation less confrontive.

 

[italsat]

i have many domains with make offer , when i receive a offer , i send a my price .

 

[Silentptnr]

i have many domains with make offer , when i receive a offer , i send a my price .

Exactly. You would normally counter or set some expectation. Yet, some people run Make Offer auctions, just to get people to offer, then they just turn down everything. Makes no sense.

 

[E-Promote]

I only said that because this was truly the basis for my offer amount.

Yeah I get it, but in the end you want to be playing advanced chess or poker, which means you always keep them guessing and never show your cards. It is easy for an experienced seller to read between lines of text and in doing so see part of, if not all of your hand.

 

[MapleDots]

Exactly. You would normally counter or set some expectation. Yet, some people run Make Offer auctions, just to get people to offer, then they just turn down everything. Makes no sense.

Makes no sense until the fire sale on namepros with the headline....

$100 bucks for 60 domains.... need the cash!!

 

[NamesMax]

Exactly. You would normally counter or set some expectation. Yet, some people run Make Offer auctions, just to get people to offer, then they just turn down everything. Makes no sense.

The only rational thing, I can think of, is that they are using it as an appraisal gauge.

 

[Silentptnr]

Well, I'm an honest guy. If I want a name it could be for different reasons. When I see Make Offer, it makes me cringe. Try asking "How much do you want for it". Then you get, "Don't Ask, Just Make Your Offer".

When I gesture to buy, I just want a price. If I want lower, I'll ask. Otherwise I'll accept the price, pay, and move on.

 

[WeSell-Domains]

Try asking "How much do you want for it". Then you get, "Don't Ask, Just Make Your Offer".

That doesn't make much sense at all. I would just walk away from that one.

 

[Daniel Owens]

Well, I can see both sides of the coin in make-an-offer. Either, 1: They don't know how to price there domain, or maybe think they will get high offers for more than it's worth. Or, 2: They get crazy amounts of people requesting price who are not interested they are just sellers who own similar domains wanting a price of value so they can try to sell a similar domain they have at right price somewhere. IN my opinion a range is rather nice to do and saves both people lots of time.

 

[Silentptnr]

That doesn't make much sense at all. I would just walk away from that one.

If you look at all the Make Offer listings, they are the least active it seems. I really think Make Offer listings should have some expectation or estimate.

 

[Silentptnr]

Well, I can see both sides of the coin in make-an-offer. Either, 1: They don't know how to price there domain, or maybe think they will get high offers for more than it's worth. Or, 2: They get crazy amounts of people requesting price who are not interested they are just sellers who own similar domains wanting a price of value so they can try to sell a similar domain they have at right price somewhere. IN my opinion a range is rather nice to do and saves both people lots of time.

I like DDGD Daniel...

 

[E-Promote]

When I gesture to buy, I just want a price. If I want lower, I'll ask. Otherwise I'll accept the price, pay, and move on.

Your willingness to "move on" as a buyer is one of your strongest tools, you want the seller to read that from you without saying it.

 

[Silentptnr]

I just get the feeling that some of the Make Offer listings are just people hoping for a huge offer over the market price.

 

[MapleDots]

If you look at all the Make Offer listings, they are the least active it seems. I really think Make Offer listings should have some expectation or estimate.

I would love to see it in action... a listing site that forces a price instead of make an offer.
Maybe PRYCR.com could do that, it would kind of set you apart from the other guys.

 

[hookbox]

I use Make Offer on my Auction pages but I always state minimum offer. Once the offer is made, I counter just to see if the buyer is willing to go higher. If not then the minimum offer that we started with is what I am willing to accept for the domain name. Of course I don't tell the buyer that up front (until now anyway). One pet peeve I have is to start an auction at $1 but your reserve price is $20. Now that is a real waste of time.

The problem with that strategy is that the buyer would be a fool to offer anything higher than your minimum offer. If your minimum is $500 and he offers $500 it's game over for you. The buyer knows that by listing $500 as your minimum that 9 times out of 10 even if you counter higher that you would accept the $500.

He knows that if he sticks to his guns you probably will end up accepting the minimum, and if not he plays the game a while and still buys it cheaper then he would have been willing to spend. Maybe he would have spent $3,000 on the name but if he hovers around the minimum by offering $500 then $650 then $850 and starts saying that's as high as he can go. You then start getting nervous that you're going to lose the sale and end up accepting $2,500 less then he would have spent. I think it's better to put a Buy Now price and discount off that then to put a minimum and try to come up to where you think they would buy.

 

[Daniel Owens]

@MapleDots your site is nice. Only, downside is it says inquire for pricing and has no range. It, makes me afraid you will 1: either asking over $1K for them or 2: maybe want over $10K even. Just my thoughts nice domains.

 

[Daniel Owens]

The problem with that strategy is that the buyer would be a fool to offer anything higher than your minimum offer. If your minimum is $500 and he offers $500 it's game over for you. The buyer knows that by listing $500 as your minimum that 9 times out of 10 even if you counter higher that you would accept the $500.

He knows that if he sticks to his guns you probably will end up accepting the minimum, and if not he plays the game a while and still buys it cheaper then he would have been willing to spend. Maybe he would have spent $3,000 on the name but if he hovers around the minimum by offering $500 then $650 then $850 and starts saying that's as high as he can go. You then start getting nervous that you're going to lose the sale and end up accepting $2,500 less then he would have spent. I think it's better to put a Buy Now price and discount off that then to put a minimum and try to come up to where you think they would buy.

Downside, is if you put too high a bin with make an offer some people are NOT going to waste their time to make an offer. For, example if you ask $50,000 for a domain that most people would value at $1,000 to $4,000 or less then someone might think your crazy and not waste their time. SO, I should add set a bin no more than 3x current market value in my opinion.