Advice please ?

[britishbulldog]

O.K i had an offers for $500 for a domain i countered with $4.7K and they have come back with $1k,what do you think i should counter with ? i mean don't wanna lose the sale but i think i could squeeze more.........

Thanks !

 

[Biggie]

O.K i had an offers for $500 for a domain i countered with $4.7K and they have come back with $1k,what do you think i should counter with ? i mean don't wanna lose the sale but i think i could squeeze more.........

Thanks !

a. counter back with the $4.7k and let your greed loose this sale for you

b. accept the $1k and move on

c. send to auction with $1k as the reserve

d. if you don't know what to do, how should we....and it's your name?

 

[britishbulldog]

Thanks for b & c i could of answered them myself but regarding :

a) I never mentioned counter offering for the same amount thats the whole reason of the thread ? i was asking advice for a counter offer..........

d) Thats why asked for advice isn't this one of the reason's the forum is for ?

By the above i wonder if you are the bidder ?

 

[Theo]

Is the offer local, e.g. from the UK? ("this is a local shop, for local people" comes to mind )

 

[britishbulldog]

Is the offer local, e.g. from the UK? ("this is a local shop, for local people" comes to mind )

PM sent

 

[Seraphim]

I can give you some objective feedback if you PM me the domain. Will be confidential.

 

[britishbulldog]

I can give you some objective feedback if you PM me the domain. Will be confidential.

...................................pm sent

 

[copper]

Do you know the buyer?
Can you find out about buyer?
How good is your domain?
How many other offers did you get for this domain?
Do you think you'll get plenty more offers if you fail to sell this to this buyer?

There are basically two types of buyers.
1. direct buyer - buyer is user whether business or personal use.
2. indirect buyer - buying for a company.

If it's buyer #1 - they tend to offer about 50% of what they really want to pay.
If it's buyer #2 - this depend on maximum budget given from his/her boss which is hard to predict.

I had buyer who gave $150 initial offer and ended with $5K sales and this was buyer #2.
I doubt if I can sell this same domain for $20 on the forum. However, my sales pitch
was 100% match (lucky?) for buyer's purpose. They had to buy this domain for their project.

Also had tons of buyer #1 which failed to make any sales because I was too greedy.
Lost sales may amount to at least low $xxx,xxx by being too greedy. Stupid of me.

If it's buyer #1 - perhaps you can counter with $2K and expect to settle at $1.5K
If it's buyer #2 - you need to find out what's the project for this domain before you make offer.

Bottom line, you need to know your buyer

 

[democrat]

Yeah I can also give you some feedback, if they are negotiating, odds are there is more money on the table. Yet don't be clingy, if that makes sense.

 

[Biggie]

Thanks for b & c i could of answered them myself but regarding :

a) I never mentioned counter offering for the same amount thats the whole reason of the thread ? i was asking advice for a counter offer..........

d) Thats why asked for advice isn't this one of the reason's the forum is for ?

By the above i wonder if you are the bidder ?

a. many times i have countered with the same amount several times to get the buyer to raise his bid.
it's part of the risk and also knowing what the value is and being firm with pricing.

d. no matter who you pm the name to, it's still your domain and only you can make the final decision.

e. if i was the bidder, now i know that i am dealing with a seller who may not know the value of his domains and that he is fearful that if he asks for what he wants, he may loose the sale.

these are things that you may be showing the potential buyer as well as showing this to other members.

 

[james2002]

I think $3K might be sensible counteroffer if you like to close the deal and if you didn't pay much for the domain. It depends on your perception of the value of the domain.

 

[britishbulldog]

ahh i didnt realise it was a final offer so i sent it to auction..............the domain is