Here's how to buy some good names on the forum

[Biggie]

Stop lowballing!

plain and simple


many members are willing to sell some good names, but all to often they get lowball offers that are not even close to a reasonable bid.


prices are not going down...only up!

 

[simon]

good one there Don.

 

[RustyK]

Hey Big,

I hear there's a BOOM coming soon. Do you know anything about it?.

 

[DomainsInc]

Agreed though resellers always want to get domains for the lowest price possible so they can make the most possible reselling them, lol.

 

[DomainMagnate]

Hey Big,

I hear there's a BOOM coming soon. Do you know anything about it?.

yeah THE BIG BOOM 2, The Universe is doomed and it will be restarted.

 

[Biggie]

Hey Big,

I hear there's a BOOM coming soon. Do you know anything about it?.

yes


the boom has already started...but some are so far away they cannot hear it yet.


when it reaches them, they will blown away with disgust for not buying some of these good names that were posted here.

this is no joke!

 

[Theo]

The only way to get good names at decent prices is to have the experience of wading through lots of junk names in order to discover names with potential. Nowadays, it seems everyone's on the traffic bandwagon. Remember, you're buying to not only resell to other members! I've bought many domains here at $xx and $xxx and resold them at four and five digits a piece. It takes a lot of work, sticking to a business model (e.g. no crap TLDs) and having the "eye" for domains with potential. Oh, and be prepared to sleep less in order to be the first who posts "SOLD!"

 

[GAMEFINEST]

The only way to get good names at decent prices is to have the experience of wading through lots of junk names in order to discover names with potential. Nowadays, it seems everyone's on the traffic bandwagon. Remember, you're buying to not only resell to other members! I've bought many domains here at $xx and $xxx and resold them at four and five digits a piece. It takes a lot of work, sticking to a business model (e.g. no crap TLDs) and having the "eye" for domains with potential. Oh, and be prepared to sleep less in order to be the first who posts "SOLD!"

I was born ready

 

[barefoot]

People shouldn't take lowballing so personally. It's a perfectly valid way to begin negotiations. Besides, you never know when a seller really needs cash and might be willing to sell for your "lowball" offer or a little bit more.

If you don't like an offer you receive, don't get angry -- be happy that you got some interest in your domain and make a counter-offer. But don't make it so ridiculously high that you scare away your buyer. Counter with maybe 50-100% more than the amount you'd accept for the domain.

However -- you really need to determine in advance what that amount is. Too many sellers have no idea what they should sell their domains for, so when they do get offers, they get angry because their domains are so "premium" they're worth millions and aren't willing to settle for any amount less than that.

If you do get an offer you feel is a "lowball", thank the person for the offer, make your counter-offer (or acceptable price range), and leave it at that. Don't get mad, but DO reply to the offer no matter what it is.

Odd business, domains. I can't think of any other industry where "make me an offer" -- with absolutely no parameters -- is the rule, not the exception.

 

[Bob]

Too many sellers have no idea what they should sell their domains for

This is my biggest pet peeve about domaining. I loathe it when I ask for a price and the seller says "Make an offer", or better yet, "I have no idea". WTF are you doing in this trade then? I am sorry, but if you cannot value your stuff, you have no business in business.

Its a big cat and mouse game that I refuse to take part in. If a seller replies with "Make an offer", my reply is one of 2 things:

1) $10
2) I do not play the make offer game. Sorry. (READ: Please let me know when you get a clue and can put a value on your property.)

If the seller does not know how to value the name, then how the feck am I supposed to figure out where to start. Like you say barefoot, there is no other industry where it is accepted that the buyer must make the first move.

Another thing that is hysterical is when I ask for a price, they come back with 3x the higest selling price of a domain in that TLD. I inquired about a name the other day. I made a decent starting offer. The party countered with a figure that was 4x the highest recorded sale of that TLD. What an Idiot (and a waste of time nonetheless).

</rant>

I can go on with other peeves, but I better cool it.

Peace eace:

-Bob

 

[Biggie]

People shouldn't take lowballing so personally. It's a perfectly valid way to begin negotiations. Besides, you never know when a seller really needs cash and might be willing to sell for your "lowball" offer or a little bit more.

If you don't like an offer you receive, don't get angry -- be happy that you got some interest in your domain and make a counter-offer. But don't make it so ridiculously high that you scare away your buyer. Counter with maybe 50-100% more than the amount you'd accept for the domain.

However -- you really need to determine in advance what that amount is. Too many sellers have no idea what they should sell their domains for, so when they do get offers, they get angry because their domains are so "premium" they're worth millions and aren't willing to settle for any amount less than that.

If you do get an offer you feel is a "lowball", thank the person for the offer, make your counter-offer (or acceptable price range), and leave it at that. Don't get mad, but DO reply to the offer no matter what it is.

Odd business, domains. I can't think of any other industry where "make me an offer" -- with absolutely no parameters -- is the rule, not the exception.

some great input there!

however, in most cases a lowballer is just that.
and if it happens on the forums from members who know that each other knows the value, then it's a sign of disrespect- imo

even when prices are posted, it's still the same in the majority of cases.

so sorry, i'm not going to be "thanking" you for your offer of $900 for a LL.org, when just last week i saw you quote recent $$,$$$ sale for a LL.org from dnj!

if you make a reasonable offer, then you'll get a reply


----------------------------------------

it's not about emotions, so i don't get mad

it's about acquisitions, that make me glad

i'm more of a buyer now, than a seller

and i keep emptying my pm box full of lowball letters

`-`


if domainers today, don't look at the past, while trying to value domains

then they will be left behind

Odd business, domains. I can't think of any other industry where "make me an offer" -- with absolutely no parameters -- is the rule, not the exception.

know why....

because there are a lot of people in this business who don't have to sell their domains to maintain their lifestyle and there are those who don't want to sell their names at all.

on the registration level, this business has the "LOWEST" amount of overhead for any enterprise in the world that i could think of.

where one can register a domain for average of $9 and it's potential could be limitless!

that's why, imo

 

[Raider]

There was a good domain for sale today and priced reasonable, by the time I saw it, Adam snatched it up....The point is; it was a fast sale, under 30 minutes I believe, it had one price, no games, no bull.

I'm somewhat new to selling here on DNF, I usually put a starting price of the LOWEST price I'm willing to accept and dont back down from it, if it sells, it sells, no bumping and onto the next. I made a big sale a few weeks ago, it was my first here on DNF...I think this is the way I'm going to continue to sell here, I dont like the hi-lo game either.

 

[Bill Roy]

Now I don't expect to make a sale here. A couple of weeks ago I put up a dotcom US Geo name and simply asked for offers! I didn't even get a low-ball offer a $1, so I guess I am out of sink with the domainers here, but that's life.

The major problem concerning lowballing is the difference in interpretation of the value of domain names. I have taken advice now from very experienced members here in the past and both times the deal has fallen through, not the fault of the members, but just a difference in the interpretation of the value of the domain names concerned. But having said that I should also like to say that I really appreciate the time and help offered by those members, which we should all remember they gave freely.

 

[Biggie]

There was a good domain for sale today and priced reasonable, by the time I saw it, Adam snatched it up....The point is; it was a fast sale, under 30 minutes I believe, it had one price, no games, no bull.

I'm somewhat new to selling here on DNF, I usually put a starting price of the LOWEST price I'm willing to accept and dont back down from it, if it sells, it sells, no bumping and onto the next. I made a big sale a few weeks ago, it was my first here on DNF...I think this is the way I'm going to continue to sell here, I dont like the hi-lo game either.

i agree...

the high-low game is played out

when it becomes a pattern in your selling practices, then it has the potential to devalue your portfolio. buyers will reconize your trend and ignore your first 15 bumps.

what's the point in starting price of $5000 and then drop it down to "best offer over $800" gets it?

it

 

[DomainsInc]

I also think in part the reason people "low ball" is because they simply can't afford the prices domains often go for. This business is ever increasingly becoming a rich person game.

 

[VirtualT]

This is my biggest pet peeve about domaining. I loathe it when I ask for a price and the seller says "Make an offer", or better yet, "I have no idea". WTF are you doing in this trade then? I am sorry, but if you cannot value your stuff, you have no business in business.

Its not about "you cannot value your stuff" its about who is going to set the initial benchmark for the valuation of the name.
Is a lll.biz worth low $xxx or low $xxxx?, depends on who's buying.

 

[RustyK]

Ok this all sounds fair but how do I get the value of a domain. Do you have a special domain value system? Or use those free appraisal systems such as swiftappraisal and leapfish?. Do you use the auction value of a simliar domain?. It would be nice for buyer and seller to agree upon a certain "Domain Value System" in which both parties are set in a win-win deal.

I mean I myself can't figure out a price and that leaves me submitting a "Make Offer" as I'm sure thats whats happening here with many of us I think. So my question would be, "how can we all meet each others needs or expectations for a win-win deal?.

Did I say that right?. .... hmmmm...

 

[italiandragon]

There will be a book to make here, I just don`t have the time for it.

Why MSN paid over $1M for MSN.ru ?

I bet anyone would have accepted $100,000.

This business is crazy and since not many rules are set by the worthless ICANN , it`s like a lottery.

I wanted a name on SEDO the other week: the seller wanted $60, I offered $60, he replied asking me $600 , it was over and I was pissed off by his behavior.

 

[rusty123]

Domainers often hold on to names, waiting for that high end buyer to turn up. The problem with this industry is that there is no clear valuation on domains. Its whatever you can sell it for, and people would rather hold out hoping some millionaire is going to come along, and pay an absurd price for there domains, then to try and list and sell them at a reasonable price. You can see it everywhere tons, and tons of worthless crap domains for sale with huge price tags.

 

[Raider]

Why MSN paid over $1M for MSN.ru ?I bet anyone would have accepted $100,000.

MSN ISP in Russia would be my best guess.