Would you take this offer?

[venturefile.com]

So I got contacted through my whois email by startup that wants to buy one of my 4 letter .com names. They offered low $x,xxx and I countered with mid $x,xxx. After some back and forth I dropped the price a bit and thought that they would take it.

But they are sticking to their low $x,xxx number and say that they will use the .co instead and that they have already regged it. I am not very inclined to take their offer (even though I would make a very nice ROI).

If they get big then the price for the .com would increase in value of course if they don't I still have a name that is worth low $x,xxx.

What is your course of action when you deal with such end users? What have you done in similar situations?

Thanks!

 

[Serengeti]

@AEProgram That's one Class act... Chapeaux..

 

[JanuaryBabe]

congrats! and if only more would follow this method we would all be better off at least when it comes to domaining.

A while back a well known broker contacts me on behalf of a client about buying a two word .com domain from me (13 char a very nice name but not exactly an EMD).

For some reason the broker explains that the client already owns the .net version and they are ready to start using that right away on all their marketing materials and promotions but if I am willing to sell for $500 they will buy it.

After doing a bit research on that company I counter with $5500 (magic number was 2200 for that domain). Anyway I get back a long email telling me why my domain is worth maybe 50 bucks and I should even check estibot as it shows a 0 valuation. Furthermore it has no exact match searches and a whole host of other reasons why what I have is worthless.

I got a bit upset, yes it is true that the domain has a estibot value of 0 and it has no exact match searches but it was still a very nice name, so nice that they where ready to go with the .net.

Anyway I start replying and writing a long email about domain values etc and then I just close the email, dont save it and decide to wait a week.

A week goes by, no communication from the broker. Anyway I decide to use a different email and hit up the owners of the .net. I tell them I like the domain and wondering their asking price. They reply $4000! Mind you they have 0 on the site and it has no pr no nothing and registered a year prior.

I reply back that the max I will offer is $50! And they instantly reply with a whole host of reasons why its worth 4000 including a list of a few popular internet companies that use the .net extension.

As much as I wanted to email the entire email chat to the broker for legal reasons I didn't. I simply replied to them, just so you know I am the owner of the .com version, nice knowing you.

Within i'd say 30 minutes the broker calls me on the phone, we go back and forth and settle for $4000!

The site has still not been developed and the domain expires in dec 2014, im def. monitoring this one.

You are expert in negotiation.