NameSilo

Would you counter a 6 figures offer from a big company?

Labeled as question in General Domain Discussion, started by italiandragon, Oct 18, 2015

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  1. italiandragon

    italiandragon Top Member VIP ★★★★★★★★★★

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    This is the biggest offer I ever got.

    But the buyer is a Company, quite big in their Country.

    What would you do?
     
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  2. Myname IS

    Myname IS Established Member

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    Depends on the name and if you feel the offer is fair.
     
  3. Mahogany

    Mahogany Top Contributor VIP ★★★★★★★★★★

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    Too many variables and unknowns to answer your question brother... 6 figures would change my life right now... But I dont know what you have in it and all the other unknown details withheld...

    Use the force!

    Side note:
    I bet your wife says take it. :)
     
  4. italiandragon

    italiandragon Top Member VIP ★★★★★★★★★★

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    True. I certainly think it is more than fair.
     
  5. RegFee

    RegFee No Fate VIP ★★★★★★★★★★

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    I would offer to fly out and talk to them in person.
     
  6. italiandragon

    italiandragon Top Member VIP ★★★★★★★★★★

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    That's why I am divorced :)
     
  7. S-B

    S-B Account Closed

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    If it's far above the value of the name just take it. No sense in possibly losing the deal of a lifetime.
     
  8. main

    main Top Contributor VIP ★★★★★★★★★★

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    I always counter even if I think the offer is fair so the buyer doesn't get buyer's remorse by thinking they offered too much. But I've never gotten a 6 figure offer. All I can say is... good luck! I hope you can close it.
     
  9. RegFee

    RegFee No Fate VIP ★★★★★★★★★★

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    And if that's what you decide to do, please don't sign a non-disclosure so we can share in the excitement!
     
  10. S-B

    S-B Account Closed

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    Hah.

    I'd sign anything for 6-figures.
     
  11. DNGear

    DNGear Domainnaut VIP

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    If the buyer happens to see this thread, offer drops to 5 figures..
    Please keep quiet..and take it.
     
    Last edited: Oct 18, 2015
  12. RegFee

    RegFee No Fate VIP ★★★★★★★★★★

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    I don't think so. "How dare you ask people for advice! I'm making a smaller offer!"
     
  13. korganian

    korganian Top Contributor VIP ★★★★★★★★★★

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    If that amount of money would change your life, and you lose the potential sale by being greedy, then you will always kick yourself for not taking their generous offer. I know this from experience.D-:
     
  14. phantasmagoria

    phantasmagoria Established Member

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    me personally ? 6 figures? Id be too scared to counter.
     
  15. johname

    johname Planet Futbol VIP ★★★★★★★★★★

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    Assuming you are happy with the offer, you don't want to be too happy and eager to accept it.

    Don't lose the sale if it makes your year or decade.

    Obviously if the domain was Sex.com you dont even answer their email lol So money amount is all about the domain. Good Luck
     
  16. FusionSpy

    FusionSpy Top Contributor VIP ★★★★★★★★★★

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    I'd probably take it (it all depends on the domain name as well ...), but if you counter, counter hard and not for 10-20% cause the risk/reward is not worth the extra hassle of it.
     
  17. DavidH

    DavidH Top Contributor VIP ★★★★★★★★★★

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    I agree in that I am always extremely reluctant to accept a first offer, even if I would be happy to sell at that level - in some cases I have had potential buyers walk away when I accepted their first offer!

    I have not yet received a 6 figure offer but I have turned down some pretty big 5 figure offers. It all depends on how you feel about the name and the fairness of the offer. If the name is worth a 6 figure sum to one company, are there other potential buyers to whom it would be worth as much or more?

    Is your need to sell bigger or smaller than their need for the name?

    How do you feel about it in yourself - putting aside greed or thinking about possibly leaving money on the table, does it feel right intuitively - take or leave it? That is the answer you should listen to.
     
  18. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    I would counter a bit higher..I never accept the first offer

    watch the scam though...are you 100% sure its a big company...not many will start off with a 6-figure offer unless its a real premium (which it could be but I we dont know)
     
  19. domix

    domix Account Closed (Disallowed)

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    You may want to add more detail about the domain name. I would look at related sales data, competitors, availablity in other extensions etc, before commit
     
  20. frank-germany

    frank-germany domainer since 2001 / musician VIP

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  21. RU

    RU I'm out of domaining. ~Russel VIP

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    show us the name
     
  22. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    no don't do that !
     
  23. Nazz

    Nazz Top Member PRO VIP

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    A decision into doing so, should not be done right away. Sleep on it and give it some thought.

    Just remember to block out those greedy thoughts.

    6 figures? Go figure!
     
  24. RU

    RU I'm out of domaining. ~Russel VIP

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    Why? :-,
     
  25. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    Six figures starts at 100,000 (or 100.000 since you're in Italy) and ends at 999,999 (999.999) so there's plenty of negotiation potential.

    You can only sell this domain once, so max out your ROI. Good luck.
     

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