Name your price!

[Raider]

Why is it so many end users feel they can name their own price like they do at PriceLine when inquiring about a domain name? Where did this attitude come from where buyers feel that domain names are negotiable to such a low degree?

I had this one offer on a domain and was asking 12K, the buyer said all he was willing to pay was 3K, I indicated I would not consider any offer under 10K, After that he went to Sedo and paid them to negotiate with me, thinking they would have better success at getting me down than he did, A rep from Sedo contacts me and I told them the price is 12K FIRM... Few days later buyer writes me again saying he's a serious buyer and wants the domain, and that I should except the 3K offer, Again I declined.... Never heard from him since.

This was from a guy who owned a mansion and had a Jaguar parked outside his home.... Found the pic on a forum he posted in by googling his email.

Then I get another one today for another domain, I'll paste what he wrote;

I'm interested in the website name *********.com, and am willing
to pay a small amount for it. But not very much.


Christopher ****.

I respond respectfully with a quote and usually ignore the suggestion they make. Do you do the same Or do you address it?

 

[A D]

Domains are not like townhouses, if he wants your domain, he will have to pay your price.

I have had many do this and come back even a year later and pay the asking price, sometimes they even pay more becuase they pissed me off earlier.

Hold tight, you are in th driver seat.

-=DCG=-

 

[draggar]

While I agree that a lot of people don't realize the potential value of a domain, some domainers also over-value their domains. I've offered $150 for a domain that most people here would say is worth mid $xx at best. The owner wanted at least $2500 for it.

(I'm not saying Raider is like this, BTW)

The sad part is that there is really no way to truly value a domain other than people's opinions (whcih can vary exponentially). Cars have bluebook, homes and properties have recent sales in the neighborhood. Domains have recent sales but those are not enough to really gague the true value of a domain. Sure, most people here could agree on a price on the average LLL.com but what about something like Dodecaplex.com? Some may say reg fee while others (say a movie theatre w/ 12 screens owner) would say it's worth a lot more.

 

[Raider]

While I agree that a lot of people don't realize the potential value of a domain, some domainers also over-value their domains. I've offered $150 for a domain that most people here would say is worth mid $xx at best. The owner wanted at least $2500 for it.

It was a very good domain, good enough for DomainTools to accept it in the live auction and not reduce the price I was asking.

But your right, many do over value their domains, A look at TDNAM's home page can tell you that.

Hold tight, you are in th driver seat.

-=DCG=-

Thanks, I'm really in no hurry, it's just that these offers get real old after a while.

 

[nameadvertising.com]

I wonder how many domainers are taking inflation into account when quoting prices. Domains are still being valued as if nothing has changed in the economy and to me that is troublesome.

Some names I see sold are selling way too cheap. I quote my prices in Euro. That's the way to go.

 

[Sonny Banks]

Sell only when the price is right.
Every domain is unique.

 

[katherine]

I have had many do this and come back even a year later and pay the asking price, sometimes they even pay more becuase they pissed me off earlier.

I would guess that the people who tried to reverse hijack the elephant from you have paid dearly in the end :smilewinkgrin:

 

[DomainsInc]

It almost seems that the more well off the end user is or the more money the business makes, the less they are willing to pay for a domain.

 

[JuniperPark]

"I had this one offer on a domain and was asking 12K"

This means you don't have a firm price for your domains, which means you are ASKING for "offers", which means you're going to try and negociate upwards, which means you should be low-balled up front.

If your firm price is 12k, say on your website. Otherwise you are asking to be low-balled.

Just as when you're in a bar picking up a woman, if you say "May I have your phone number?", half will refuse because you're put the negativity out there, and made failure an easy option. If you hand her your phone and say, "I've got to go now but we have to finish this conversation tomorrow -- put in your number" she will comply 99% of the time.

Oh, and rich people aren't rich because they gave away money easily -- it's the other way around!

 

[Bill Roy]

Raider, it may gaul you but just reply back thanking them for their interest in the domain and wish them luck with their search for another domain. This has sporadically worked for me in very similar situations, admittedly only about 25% of the time, but it sorts out the buyers from the bargain time window shoppers. And as Adam says 'your in the drivers seat'.

 

[Johnn]

I has people who sent me low ball offer as low as $50 but after a couple emails back and forth, I sold the name to them for $2K.
Don't assume everyone know about traffic, page ranking, .com .net, etc...

 

[Raider]

Raider, it may gaul you but just reply back thanking them for their interest in the domain and wish them luck with their search for another domain.

This is exactly what I have been doing for many years, Keeping it professional by thanking them for their interest...... But we all have our limits.

It almost seems that the more well off the end user is or the more money the business makes, the less they are willing to pay for a domain.

Exactly... This has been my experience as well.

 

[Biggie]

end-users don't think like domainers

most don't know anything about this side of the web's business

they only see website and what's in front of that.


they can buy or register, what we may consider the crappiest name in the world. just read some of the urls in google for proof
but if it's sucessful, it makes no difff what the name is, as it becomes the brand.

to get what you (the reseller) wants, you either have to be lucky and catch an easy transaction, or you have to negotiate.

it's up to you to persuade the end-user why this domain is best for their needs and how the price reflects the instant benefits they will gain from purchasing it now....rather that later.

still, you have to be flexible. if you want $12K and you get offered $10K, do you sell or walk?
if you walk, that potentail buyer has $10K to either reg a name and use the extra cash building se position, or use that money to buy his second choice and perhaps pay less for it.


so if you look at it from both sides of the fence, then both of you are in the drivers seat, as either one can walk away if no deal is made.


but i don't like lowballer domainers, they should know better.

i don't fault end-users for submitting lowball offers, when they don't know values as we perceive them.

 

[nameadvertising.com]

end-users don't think like domainers

most don't know anything about this side of the web's business

they only see website and what's in front of that.


they can buy or register, what we may consider the crappiest name in the world. just read some of the urls in google for proof
but if it's sucessful, it makes no difff what the name is, as it becomes the brand.

to get what you (the reseller) wants, you either have to be lucky and catch an easy transaction, or you have to negotiate.

it's up to you to persuade the end-user why this domain is best for their needs and how the price reflects the instant benefits they will gain from purchasing it now....rather that later.

still, you have to be flexible. if you want $12K and you get offered $10K, do you sell or walk?
if you walk, that potentail buyer has $10K to either reg a name and use the extra cash building se position, or use that money to buy his second choice and perhaps pay less for it.


so if you look at it from both sides of the fence, then both of you are in the drivers seat, as either one can walk away if no deal is made.


but i don't like lowballer domainers, they should know better.

i don't fault end-users for submitting lowball offers, when they don't know values as we perceive them.

Real life scenario most every domainer either has or will experience at some point. Newbies take note on this one.

 

[Raider]

"I had this one offer on a domain and was asking 12K"

This means you don't have a firm price for your domains, which means you are ASKING for "offers", which means you're going to try and negociate upwards, which means you should be low-balled up front.

If your firm price is 12k, say on your website. Otherwise you are asking to be low-balled.

Just as when you're in a bar picking up a woman, if you say "May I have your phone number?", half will refuse because you're put the negativity out there, and made failure an easy option. If you hand her your phone and say, "I've got to go now but we have to finish this conversation tomorrow -- put in your number" she will comply 99% of the time.

Oh, and rich people aren't rich because they gave away money easily -- it's the other way around!

Your misinterpreting my original post, I used the word "asking" to describe what occurred, but whenever I quote a price, I will indicate "selling price" in my email for the very reason you describe.

As for as rich or poor, I don't really care if they are or not and I never use their financial status in my quotes, I do like to know who I'm selling to though, because often times buyers will lie about who they are and what their using the domain for. And I really hate being lied to.

Recently I was contacted over a single word generic .net, A well known company specializing in speech & hearing devices wanted to buy it, They were up front about who they were and I quoted them a price just as I would anyone else....

But knowing they could afford it, I would be less willing negotiate on price.

 

[Poker]

It almost seems that the more well off the end user is or the more money the business makes, the less they are willing to pay for a domain.

...and the more we charge them for it after doing the research

 

[theinvestor]

As for as rich or poor, I don't really care if they are or not and I never use their financial status in my quotes

Recently I was contacted over a single word generic .net, A well known company specializing in speech & hearing devices wanted to buy it, They were up front about who they were and I quoted them a price just as I would anyone else.... But knowing they could afford it, I would be less willing negotiate on price.[/quote]


Sounds like who the person is does mean something to you. I find the reason some names don't get sold is because of domainers trying to maximize as much as they can from a large company.

This will get you no where in my opinion because many times companies don't like being taken advantage of, which is why they hide who they are during negotiations.

 

[Raider]

i don't fault end-users for submitting lowball offers, when they don't know values as we perceive them.

Agree, But sometimes that's hard when you dont know if it's a reseller or end user on the other side of that email address... Many inquiries are from domainers hiding behind free email addresses and fabricating what they want to use it for.

 

[theinvestor]

Agree, But sometimes that's hard when you dont know if it's a reseller or end user on the other side of that email address... Many inquiries are from domainers hiding behind free email addresses and fabricating what they want to use it for.

Sorry to go back again..but Raider...is it any of your business why they want the domain?

Set your price and stick to it. I don't like it when others ask me why i want a domain. That's just a way to suck every dime out of you.

 

[Raider]

Sounds like who the person is does mean something to you. I find the reason some names don't get sold is because of domainers trying to maximize as much as they can from a large company.

This will get you no where in my opinion because many times companies don't like being taken advantage of, which is why they hide who they are during negotiations.

I have a target and my own price already set before I even know who they are, Like I said, I dont use their financial status to price my domains... PERIOD.