Take Every Offer Seriously, Seriously.

[Shane]

Yesterday I received a $10 offer on a domain through GoDaddy Auctioins. I chuckled and countered at $3,000. I honestly did not expect to hear back from them. A couple of hours later a counter offer rolled in at $700. I countered again at $2,000 and he came back with a final offer of $1,000 -- I accepted.

The point being, take every offer seriously because it can easily turn into a $x,xxx sale.

 

[Johnn]

The transaction is not done until the money is in the bank (your bank).

Good luck!

 

[Biggie]

Congrats!

but ..... tell us why didn't you stick with $3K price?

i know any profit is more than a loss.

though as you explained the scenario, I see they only increased their offer by $690, while you dropped your price to $1K

after you get paid, maybe divulge the name and that will be irrelevant.

 

[Shane]

The transaction is not done until the money is in the bank (your bank).

Good luck!

Thank you!

Congrats!

but ..... tell us why didn't you stick with $3K price?

i know any profit is more than a loss.

though as you explained the scenario, I see they only increased their offer by $690, while you dropped your price to $1K

after you get paid, maybe divulge the name and that will be irrelevant.

Thanks!

Honestly, I was planning on dropping the name this year anyways. I'll definitely share the domain once the transaction is complete.

 

[Shane]

Alright... The transfer has finally happened.

The domain was CustomClones.com.

The new owner is a developer of some sort so I'm assuming he's selling customized clone scripts.

 

[domainoid]

nice move by shane
you may choose to be insulted by $10 offers or you may decide buyer is kicking the tires and only testing you out. quite often domainers do not attend to low offers missing out on nice potential sales.


do see where biggie is coming from but have been in shane's shoes and countering back with the original 3000 may have driven buyer away. even your 2000 counter was gutsy. buyer could have walked away just because his 700 was not taken. does happen.

 

[Shane]

nice move by shane
you may choose to be insulted by $10 offers or you may decide buyer is kicking the tires and only testing you out. quite often domainers do not attend to low offers missing out on nice potential sales.


do see where biggie is coming from but have been in shane's shoes and countering back with the original 3000 may have driven buyer away. even your 2000 counter was gutsy. buyer could have walked away just because his 700 was not taken. does happen.

Thanks! I had another $10 offer countered exactly the same way and I never heard back from the buyer. This strategy may not always work but you'll never get what you want if you never ask.

 

[draggar]

The transaction is not done until the money is in the bank (your bank).

Good luck!

QTF.
I had a $900 sale pending - they even had the money in escrow.com but then backed out after I initiated the transfer - I was able to cancel the transfer before they accepted it.

Good job with the sale and negotiation, though.

 

[rfdomn]

Some months ago it happened to me on Sedo. I received a $60 offer, but since the domain worths more than that (and not planning to sell at the moment), i countered with a unrealistic $8,000. Surprisingly he offered me $2,000, after the initial shock and after one day full of thoughts and doubts i decided to counter at $6,500.
His final offer was $5,500, i accepted (i value this domain around $1,500 - 2,500, not more) with my eyes full of joyful tears!

He never paid.

Yes, take every offer seriously, even lowest one. But most of the time if a buyer starts very low and ends quite higher, he will regret after the sale agreement, and don't pay.

 

[domainoid]

also depends on the domain. for very valuable domain in the many thousand an offer of $10 can be thrown out as a joke. have also had many with the same text where only the domain name is substituted. they usually come off the whois information and some just ask for your price. most are not worth responding to.


for the domains different people value different ways it gets harder. comes down to telling whether or not buyer's given you his best offer.