Name your price!

[theinvestor]

I hope not Raider.

BTW i'm not trying to attack you.

That is just one of my biggest pet peeves...people who try to extract every dollar from you when they know you have money.

 

[Raider]

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

I almost never ask..... The only time I have is when Escrow completed.

I know their was a time when BuyDomains asked in a submission form, which rubbed me the wrong way, I didn't think it was any of their business.

I hope not Raider.

BTW i'm not trying to attack you.

That is just one of my biggest pet peeves...people who try to extract every dollar from you when they know you have money.

That's not me.

 

[draggar]

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 also only see the $10 a year for registration so they figure all domains are worth, at most $100.

 

[nameadvertising.com]

It is a poor strategy and even poorer practice, in my opinion, to price a domain name based on who is buying it. This, pretty much has been the case for so long that no wonder folks hide behind a curtain while negotiating for a bargain.

I have to agree with Raider, that your pricing should not be influenced by who the buyer is and may have less room to negotiate if one knows that the buyer is financially well off. There is a difference here in that she is not jacking up the price merely to extract more but rather remain resolute in her predisposed asking prices.

Imagine the deli guy charging you 10 bucks extra for a cup of coffee simply becuase he sees you in a suit while I get away with 80 cents for being in a pajama.

All consumer products lean on a price for its inherent value and not for who can afford it better. Domains shouldn't be any different and sooner or later this will come to pass.

 

[Johnn]

You can't compare domain with cup of coffee. You have choices with coffees but when you want a name - you want a name!

3 months ago I bought (2) 3 letter .us (what domainers consider Bad Letters) @ $59 each.
I had a guy sent me an email and wanted to buy the name. I was about sell the name to him for $xxx but he started the offer at $1,000. We then settled the price at $2K.
It is like to play a chess game. You have to wait for the opponent move before you can make yours. Of course this does not happen very often but the domain name business is a funny business. No one can really put a price tag on a name until there is an agreement between the buyer/seller.

 

[nameadvertising.com]

The emphasis was not on (coffee equivalent to domains) but pricing ($10 in lieu of $0.80 cents) based on who is buying it.

I picked up on a video on fox network, where the woman describes domains selling at prices at which the market will bear. I guess, this is how it will be for as long as I see it.

- I could not help but add this bit. I had a buyer who called me to buy 2 names (it was a typo) and even claimed he was willing to pay any price to get them. I sold it for $2k even while knowing I could have gotten 5k. It just did not feel right to charge more knowing that it was a typo and would perhaps make just what I charged in the months to come. Later, I found the whois showing the owners as Disney.

I still have no regrets. If I would like to get $100k from Disney, it will be for a name they genuinely want from me for its generic and commercial value rather than acquire a typo of their marks.

I particularly don't feel too proud in selling typos. And soon will let all of them for peanuts. But letting go something for which you paid for, in return for nothing does not feel right either.

 

[Johnn]

Let say if you have the name 'something dot com' and have two buyers: one is Joe the painter and the other one is Bill Gates. Would you tell them the same price?

 

[Hurley4540]

Let say if you have the name 'something dot com' and have two buyers: one is Joe the painter and the other one is Bill Gates. Would you tell them the same price?

Maybe :blush:

 

[HarveyJ]

I always pitch a low counter offer first, and see if people are willing to knock down the price.
If there's a domain I think is gooood, I'll usually get another friend or two to also pitch into the negotiation, nominating another low price, usually 25% above what I said in the first place.

You'd be amazed how that works as a buying tactic, and I often end up picking up a domain for 30-50% lower than the asking price.

And before people get into "that's not ethical", all the domain owner has to do is stick to their guns and say "No, the price is the price is the price".

 

[nameadvertising.com]

Let say if you have the name 'something dot com' and have two buyers: one is Joe the painter and the other one is Bill Gates. Would you tell them the same price?

Tough call Johnn. Put me in a spot. I wonder what is Raider's thoughts on this one???

Yeah! What the hell. I will smoke Bill Gates for a few bucks more. Gates is who he is because he drives a hard bargain. I won't be surprised if he offered to pay less than Joe the painter.

I also suggest to keep (if possible) domain resale pricing of a group of domains (sold in the after market) on hand, so you can show the prospective buyers, how a domain was resold "n" number of times and how it added value over the years for its previous owners.

 

[Raider]

Let say if you have the name 'something dot com' and have two buyers: one is Joe the painter and the other one is Bill Gates. Would you tell them the same price?

I honestly would not, but I think most domainers would.... As investor pointed out, the buyer would know when the price is overly inflated.

Here's another example; If you live in a upper income area or you have expensive cars parked in front of your 5000 sq ft home, Contractors and Repairmen will inflate the price most of the time, compared to a lower income area, Some will set their pricing according to zip code.