I need some FAST advice!!

**Banned: democrat** · 05-12-2009, 09:11 PM

What do you do when you marketed a name and two prospective buyers have shown interest at the same time?

A) Do a bidding type deal?

B) First one to meet buy it now

Do I let them know there is another interested party?? I hate that line as I have seen that played out trying to get players interested.

Thanks for any input!

Patty

**INFORG** · 05-12-2009, 09:17 PM

Just my humble opinion, but I would explain that there are multiple interested parties, and probably start a sedo auction. You could get some nice bidding action and even perhaps attract some additional bidders.

**stewie** · 05-12-2009, 09:31 PM

Nice problem to have

Yes...JMO but...I would let them know other parties were interested.

*the best way to max out the value is to sell it twice...LOL

j/k

keep us posted Good Luck

**RustyK** · 05-12-2009, 10:07 PM

take it to auction and let them fight it out.

**Poker** · 05-12-2009, 10:12 PM

yes, get into it, it's a good problem to have. I had two bidders once back in the day and played them off eachother on the phone....the guy that didn't win actually got mad that he didnt get it and said he would have bid more but he had told me his final price and the other guy offered more...done

**netpro801** · 05-12-2009, 10:15 PM

I agree with 2gajgops.

You should consider having it sent to auction via sedo and make sure you get both involved from the beginning.

Also, I'm sure you'll find that line to be much more enjoyable while actually having multiple parties interested.

Thanks!

Juan
Aka NetPro801
Posted via Mobile Device

**Banned: democrat** · 05-12-2009, 10:22 PM

Sweet! Thanks much! I think I know how I'll be playing this

**Onward** · 05-12-2009, 10:35 PM

I would figure out what I wanted for the name...add some to that and set that number as the BIN. Let them both know that there are other interested parties and you are in fact considering an offer (if you actually are) that is less than the BIN. If they do not believe you tell them that you would prefer to sell it outside of an auction platform, but would be happy to activate an auction at the current offer price if an an agreement is not reached.

Basically my advice though is to set the bar high, but reasonable...and negotiate if the BIN does not do it. I would not give 10% to sedo unless I really figured a bidding war.

**Banned: democrat** · 05-12-2009, 10:46 PM

i told them my BIN and that they had 24 hours to let me know

**liberator** · 05-13-2009, 12:17 AM

and if both agree to the BIN? IMO I would have just started an auction and let them go at it. I hope it works out for you Patty!

**Banned: democrat** · 05-13-2009, 02:00 AM

I gave different BIN's.. No sedo for us!

BIN B won

**Banned: democrat** · 05-13-2009, 05:31 AM

are you shi^^ing me??

**URLtrader** · 05-13-2009, 07:00 AM

Originally Posted by democrat

What do you do when you marketed a name and two prospective buyers have shown interest at the same time?

Patty

Congrats on sale. Once you get the funds , let us know which domain it was. Good luck.

URLtrader

**Onward** · 05-13-2009, 08:18 AM

Originally Posted by liberator

and if both agree to the BIN? IMO I would have just started an auction and let them go at it. I hope it works out for you Patty!

Something called first come first served....

**Rockefeller** · 05-13-2009, 09:16 AM

It never pays to pit two buyers against each other. More than likely they will both back out and you'll be stuck at square 1. Sell it to the first person that meets your selling expectations.

**biggedon** · 05-13-2009, 09:49 AM

Originally Posted by Rockefeller

It never pays to pit two buyers against each other. More than likely they will both back out and you'll be stuck at square 1. Sell it to the first person that meets your selling expectations.

agree with that

also, those two buyers could be serving the same interest

and you could be gettin played.

**netpro801** · 05-13-2009, 10:38 AM

Originally Posted by Rockefeller

It never pays to pit two buyers against each other. More than likely they will both back out and you'll be stuck at square 1. Sell it to the first person that meets your selling expectations.

If you have 2 or more people interested at the same time, chances are, there will be more interest in the near future.

I would have to say, if you are that worried about a potential client/customer getting their feelings hurt by not being able to pay as much as the other if/when it goes to auction, your emotions may hold you back.

Onward, "First come first serve". sorry, imo that statement only holds true after a deal has been made. Otherwise it should be "highest offer, first serve". Most customers/clients know and understand that.

Congrats patty on the sale!

Good luck to all...

Thanks!

Juan
Aka NetPro801
Posted via Mobile Device

**Onward** · 05-13-2009, 11:35 AM

Originally Posted by netpro801

Onward, "First come first serve". sorry, imo that statement only holds true after a deal has been made. Otherwise it should be "highest offer, first serve". Most customers/clients know and understand that.

Juan
Aka NetPro801
Posted via Mobile Device

Please have a basic understanding of what I am saying and read my 1st post... I can spell it out for you if you want...The First one to agree to the BIN is the one served.

Originally Posted by Rockefeller

It never pays to pit two buyers against each other. More than likely they will both back out and you'll be stuck at square 1. Sell it to the first person that meets your selling expectations.

That is exactly what I am saying Juan.

**Banned: democrat** · 05-13-2009, 03:04 PM

I got a pretty mad call this morning from the losing side. I just explained that I set the BIN and whoever got to it first would be the winner.

I'll let some of you know the domain that was sold privately.