how to reply an email that asks for price for one of your domain name?

[why123]

Hello all, I got an email from a domain and website building company that ask me the price for one of my domain name 2 days ago. The domain is with a .info extension. I've got a price in my mind, but not sure how to reply the email so that if my price is high for the person and the person still willing to communicate with me. any suggestions please? much appreciated!!

[stock_post]

could be an appraisal scam - just make sure you don't fall for it.

If you have price in mind, just tell them that. (or little more and if they come to your price sell it)

[Ervin]

I will just tell them my price.

[CureCancer]

dont provide any price, if they are serious they would start off with an offer.

[pjb2u]

dont provide any price, if they are serious they would start off with an offer.

agreed, and if a sale is agreed upon I suggest escrow.com to aid the sale

[Ilze]

agreed, and if a sale is agreed upon I suggest escrow.com to aid the sale

I totally disagree with asking for an offer. You will only get a low ball offer and waste lots of time, as well as lose your credibility....Decide on a price...add a few dollars in case you need to negotiate down a bit so it feels like a win-win situation...and sitick to it....I have been dealing with offers on domains for over ten years, and short and sweet is the best way to approach any interest....if they are serious, you will find out fast enough...

[DTalk]

This is always tricky to guage....


What I do is, if I think the domain is valued at, say, less than $xxxx, I just tell 'em my price...

But...If think the name is worth $xx,xxx....I write back with lots of stuff explaining how/why the domain is valuable - but don't quote a price...and, ask them to make me their max offer re what they think it's worth to them.


....Ball in their court - and, it gives you a price range they'd consider for you to work with.


Often works for me.

[CureCancer]

I totally disagree with asking for an offer. You will only get a low ball offer and waste lots of time, as well as lose your credibility....Decide on a price...add a few dollars in case you need to negotiate down a bit so it feels like a win-win situation...and sitick to it....I have been dealing with offers on domains for over ten years, and short and sweet is the best way to approach any interest....if they are serious, you will find out fast enough...

What part of my statement says ask for an offer? Get your facts together before making a comment.

As stated, most buyers who request for a price are fake! or some low baller!

Don't reply back at all. If the buyer is desperate, he or she will email you again with an offer.

[biggedon]

Hello all, I got an email from a domain and website building company that ask me the price for one of my domain name 2 days ago. The domain is with a .info extension. I've got a price in my mind, but not sure how to reply the email so that if my price is high for the person and the person still willing to communicate with me. any suggestions please? much appreciated!!

Hi

since you have a price in mind, then you only need to decide, if you're willing to "wait" for a buyer who will pay that price.

once you have made that decision, the rest is easy

plenty of options


you can reply with a price range, which is based upon some blah blah information relating to your plans to develop and that if they are willing to offer an amount in this range, then you may consider selling.


you can also list the domain on sedo and supply them with the link to make an offer and on that page you can either put a fixed price or set a minimum offer amount.
this way, you will have secure means to perform the transaction should you reach an agreement on price.

or ....you can reply and ask them to submit an offer

or... you can reply with a price

or... you can ignore them


pick one


imo...

[Domainate.com]

I'll say this - I've gone both ways, asking for offers and giving asking prices. It's really impossible to know what would happen if you did one instead of the other in a given situation, but a very tiny fraction of the time that I ask for an offer I actually get a reasonable offer back. Meanwhile I make a living selling domains, a good chunk of those to people who email me directly inquiring about particular domains, largely in part to the fact that I give my price and I don't ask for a ridiculous price. I think I actually figured this strategy out long before I was in domains - I used to have a pretty decent sized Magic the Gathering card collection, and after I had stopped playing for a couple years, I decided to sell most of my better cards on eBay. Granted eBay is obviously a different setting than getting inquiries in, but I could have priced my domains at the upper end of the spectrum of their value, maybe sold 10-20% of them, and then relisted the unsold for less, sold another 10-20%, etc. It would have taken much longer, I may not have sold all of them, etc. I ended up pricing them low-mid part of the spectrum and closed EVERY auction with a sale. Took much less effort to make those sales and I was happy with what I got, so I've taken the same approach to domain sales.

The way I see it, while in some cases my approach may make me less than if I asked for an offer or gave some ridiculous price, but as I said I make a living selling domains and I close a decent percentage of the inquiries/offers I get because of the process I do. I do generally give a cushion above my rock-bottom price in my initial price given because it's rare that a sale doesn't involve some level of negotiation, but I don't price a $1,000 name at $10,000 hoping for a miracle. Huge domain companies like Name Media have the comfort of an absolutely huge portfolio where they can afford to wait for end users willing to pay a premium for their domains. Domainers like most of us however need a steady stream of sales from a much smaller pool of domains in order to make money and grow our portfolio - otherwise we get buried in continual renewal fees without steady income to offset.

[axeman]

I totally disagree with asking for an offer. You will only get a low ball offer and waste lots of time, as well as lose your credibility....Decide on a price...add a few dollars in case you need to negotiate down a bit so it feels like a win-win situation...and sitick to it....I have been dealing with offers on domains for over ten years, and short and sweet is the best way to approach any interest....if they are serious, you will find out fast enough...

Agreed, the risk is that they would offer some fanciful amount way over market price in to the stratosphere, but history shows you have little chance of this occurring, better to just give a price with the added premium of a counter, if you need one.

More often than not if you ask them to make an offer they will low ball big time, if you make the first move they will know where they stand and counter if they are serious.

Whether you then re counter or accept their counter is another argument in itself.

I cannot agree that not replying and waiting for them to make an offer is the way to go, i think you risk (1) that they they assume your not intested in selling, (2) your not even there (3) you are "game playing"

[biggedon]

I'll say this - I've gone both ways, asking for offers and giving asking prices. It's really impossible to know what would happen if you did one instead of the other in a given situation, but a very tiny fraction of the time that I ask for an offer I actually get a reasonable offer back.

i agree and have done the same

i think many domainers fear asking for offers, because they may not know how to "negotiate up", from an initial "low-ball" offer response.

just as many domainers may fear giving prices because:

either they feel the buyer will walk if price is too high

or the seller doesn't have any idea of value and doesn't know what price to ask

or if they give a price, the buyer will agree to purchase and seller will feel they sold too low



how you the seller, initially respond to that potential buyer, can and most often will ...determine their response.

Domainers like most of us however need a steady stream of sales from a much smaller pool of domains in order to make money and grow our portfolio - otherwise we get buried in continual renewal fees without steady income to offset.

that's true, but i've always advised other domainers to "build or buy" an income stream, to relieve the "need to sell" your portfolio.


imo...

[DTalk]

how you the seller, initially respond to that potential buyer, can and most often will ...determine their response.

This is deceptively important, imo.


Some treat lowball offers with contempt....and, I agree, many/most lowballs are time-wasters....But......You never actually know exactly who it is that's approaching you - nor, what their situation is.


Its best to treat ALL offers with respect....Reply courteously....Be capable of explaining the value of your domain (if you can't, then, exactly WHY do you own the thing...?...lol).....And, come across as a thorough professional, every time.


There is NO mileage at all in pissing people off with smartass replies - or, just ignoring them.

[biggedon]

This is deceptively important, imo.


Some treat lowball offers with contempt....and, I agree, many/most lowballs are time-wasters....But......You never actually know exactly who it is that's approaching you - nor, what their situation is.


Its best to treat ALL offers with respect....Reply courteously....Be capable of explaining the value of your domain (if you can't, then, exactly WHY do you own the thing...?...lol).....And, come across as a thorough professional, every time.


There is NO mileage at all in pissing people off with smartass replies - or, just ignoring them.

Hi DTalk

that's a pretty good interpretation of what i meant

i've had buyers come back a year or two later.....when they had more money!

had i been short with them, rude, dissed them or ignored them, i doubt if they would come back