Contacted by buyer...unsure of w/circumstances

[MacyT.]

So I received an email inquiring about one of my domains. It's a legitimate person from a legitimate organization.

But I'm pretty sure it's NOT a particularly well-funded organization (it's in the arts). The domain is a brandable with an 'i' before it...and can see how it fits with their branding.

Anyway...of course, they want to know my valuation...hate this back and forth. And just saying 'make me an offer' may not be the best way of getting the ball rolling with this organization.

What have some of you done in these situations?

 

[INFORG]

In general, you always want to get them to throw a price out first. Unfortunately, that price will almost always be something very low. You are the only one that can really determine how much the name is worth to you. If they specifically said "valuation" and not price, it leaves you some room to play. You can say the domain is "worth" a certain amount, but intimate that given the economy and size of their org, you are willing to be flexible and then go from there.

For a small, low budget outfit, they probably don't have more than $XXX in the budget for domain acquisition. But, you never know. Also depends on what you think future prospects are and what you have invested. I never spend much on acquiring a name, so I most always try to close the sale, unless I have other interested parties or generate revenue from the name.

Good luck!

 

[Biggie]

So I received an email inquiring about one of my domains. It's a legitimate person from a legitimate organization.

But I'm pretty sure it's NOT a particularly well-funded organization (it's in the arts). The domain is a brandable with an 'i' before it...and can see how it fits with their branding.

Anyway...of course, they want to know my valuation...hate this back and forth. And just saying 'make me an offer' may not be the best way of getting the ball rolling with this organization.

What have some of you done in these situations?

Hi

first, erase your mind of assumptions

when you start assuming what their budget is based on a perception, then they can assume, that you will assume that and you'll get the stick, because you assumed they didn't or may not have a large budget.

this already puts your mindset to lower any high price you could ever imagined getting for that domain.


now did they ask for "your evaluation" or "your asking price"?

because there is a difference

but you can always respond by saying

the domain "xderfv.com" is currently for sale

if you wish to place an offer, you can reply via email and we can continue negotiations or you can submit you offer via the link below:

www.yourfavoritedomainnamesellerorescrowservice.com

if they reply, cool, next step

if they don't, next....

In general, you always want to get them to throw a price out first. Unfortunately, that price will almost always be something very low. You are the only one that can really determine how much the name is worth to you. If they specifically said "valuation" and not price, it leaves you some room to play. You can say the domain is "worth" a certain amount, but intimate that given the economy and size of their org, you are willing to be flexible and then go from there.

For a small, low budget outfit, they probably don't have more than $XXX in the budget for domain acquisition. But, you never know. Also depends on what you think future prospects are and what you have invested. I never spend much on acquiring a name, so I most always try to close the sale, unless I have other interested parties or generate revenue from the name.

Good luck!

we caught the same thing in original post on whether the potential buyer asked " valuation" or "price".

that is keen, in that you can respond with one or the other or both.

which one you choose shows how you like to fish

either you play with the rod and reel that fish in slowly or you just snatch him right out the water!



but i would wait til after the offer comes, before even thinking about being flexible.


imo...

 

[copper]

Always get a $offer first before you give any.

I currently have one domain that got inquiry from non-profit group.
He said $150 and he already registered .net and .org version on the
day they made initial inquiry.

My reply was "no thanks and you shouldn't have any problem since
you already registered .org which is good for non-profit".

If he come back with one more zero, that's good.
If not, I don't mind waiting few more years

 

[Johnn]

First you would need to know about the company and the budget. Without knowing the budget you would go nowhere.
Second, dealing with end user would take time - days or sometimes even weeks.
Take the time to do the selling and convince them how a simple name can make a difference to their business/services.
Be calm, professional and always leave a phone number to assure them that you're real. And last but not least avoid using free email.

I help many members here with end user sales and I normally closed 7 or 8 out of 10.
Do not use reseller words/phrase (please send offer - fast push, paypal mass pay, google pr, high paying keywords, etc...)

 

[MacyT.]

Hi - thanks to everyone above. Good advice. Yes, you are right about the wording. He did use 'valuation'....

"If you would like to discuss this further, please let me know your approximate valuation"

Also, very true about assumptions...I have to do a bit more digging, but so far very unclear what their budget may or may not be from my perspective...