Microsoft 1, me 0

[jdk]

After a couple of negotiations, I recently sold a three character domain to an interested party. I just checked the whois info and it appears the person who bought it from me and stated they were going to use it for "personal website" now shows Microsoft's information. They have also acquired the net and org extensions.

oh well

 

[Focus]

That is why you always ask a ridiculous amount of money no matter what the name, just ask the sellers on sedo! lmfao

 

[jdk]

I did and they turned it down. I should have walked, but I came back and we agreed on something near their third offer. Oh well, I needed the money at the time, but I can't wait to see what they are planning for it. Still hurts, but I can't look back.

 

[Focus]

Hey dude, it's better than a stick in the eye! Also, I have found (after selling literally hundreds of names) the big fish always want to pay way less than the small fish for the most part. That is how they get so big, usually by being cheap asses!

Next time, ask for an office contact phone # to discuss the sale and do some detective work before you settle on a price.

Now that you have me curious, what name was it and how much?

 

[jdk]

I did research the person contacting me. At first, I thought the person was going to try and get it via legal means b/c this person deals with copyright protection, etc. There was no copyright infringement on the name, so I wasn't worried about that after doing the research. It was x,xxx for a 3 character com. Far more than what I would have considered selling it for here on a forum, so I went ahead and sold it. Nonetheless, I had bills it went towards so live and learn.

 

[Biggie]

After a couple of negotiations, I recently sold a three character domain to an interested party. I just checked the whois info and it appears the person who bought it from me and stated they were going to use it for "personal website" now shows Microsoft's information. They have also acquired the net and org extensions.

oh well

Hi

you also have to consider:

just because the domain was bought by a big company, doesn't mean they will pay big bucks for it


when it's a large operation, one should also assume they know a little something about domains


especially ms


so don't feel too bad, you found out what their walking point was.....and still you got a sale out of it


imo...

 

[jdk]

From start to finish, I sold the domain at 3x their initial offer, so I am satisfied. We'll see what they decide to do with it. Maybe I should start registering variations of the domain

 

[Focus]

Yeah dude I think you did fine, I would say you guys tied they might not even do anything with it. They barely use any of their many names.

 

[namestrands]

I am of a different opinion.. I set a price.. If the buyer says NO WAY.. then you walk away. If the buyer is a possible whale.. they will counteroffer even though the counter may be for 10% of the set price.. you have their attention. At that point, I simply state the benefits of owning a premium domain name, and say something like "The domain is priced at a fair level, I am not going to waste your time countering back and forward. If you are interested in the domain then I would need to see an offer that we can work on, otherwise I will have to wish you all the best and withdraw myself from these negotiations."

Most will walk away at this point, however around 60% will come back and try to haggle you some more.. at a more agreeable level.

I have 2 domains out there at the moment, that I have been negotiating on for around 2 months now.. and they always keep coming back. One domain deal I done earlier this year was a £45k 3 letter .co.uk domain, the buyers refused to pay the £55k.. but agreed to lease the domain on a 4 year contract at £1000 a month, with the option to buy at the set price by given us 6 months notice. So do the maths on that one.. 4 years at £12k a year plus the £45k... of course they can walk away after 4 years owing nothing.. but I will still own the domain and will have earned more than I could ever have sold it for.

I also have around 25 domains all leased out on annual contracts for around $30 a month each.. dont let a deal go, make it worth their while.. and show that you are willing to deal.. every offer is a potential customer... treat each offer with respect and dont let the buyer sell you.

 

[TheLegendaryJP]

and the name was.....

 

[DomainsInc]

I am of a different opinion.. I set a price.. If the buyer says NO WAY.. then you walk away. If the buyer is a possible whale.. they will counteroffer even though the counter may be for 10% of the set price.. you have their attention. At that point, I simply state the benefits of owning a premium domain name, and say something like "The domain is priced at a fair level, I am not going to waste your time countering back and forward. If you are interested in the domain then I would need to see an offer that we can work on, otherwise I will have to wish you all the best and withdraw myself from these negotiations."

Most will walk away at this point, however around 60% will come back and try to haggle you some more.. at a more agreeable level.

I have 2 domains out there at the moment, that I have been negotiating on for around 2 months now.. and they always keep coming back. One domain deal I done earlier this year was a £45k 3 letter .co.uk domain, the buyers refused to pay the £55k.. but agreed to lease the domain on a 4 year contract at £1000 a month, with the option to buy at the set price by given us 6 months notice. So do the maths on that one.. 4 years at £12k a year plus the £45k... of course they can walk away after 4 years owing nothing.. but I will still own the domain and will have earned more than I could ever have sold it for.

I also have around 25 domains all leased out on annual contracts for around $30 a month each.. dont let a deal go, make it worth their while.. and show that you are willing to deal.. every offer is a potential customer... treat each offer with respect and dont let the buyer sell you.

In an ideal world, sure but many people have bills to pay and no 'back up gig' to suppliment the income. Same thing happened to me. I sold a name i picked up for 10 bucks to etrade for x,xxx. Oh well. I almost dropped the domain.