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lol...and me the "other" generation...:smilewinkgrin:
I of course use blowdryer :-0
I of course use blowdryer :-0
what would you do if it took 2 years to sell a single domain for that amount?Spex makes a great point. This discussion is aimless if you do not know who the buyer is.
That should be your primary objective.
Personally, I do not even get up in the morning for $600 bucks...you have to have a min price to sell your domains or it makes zero sense to be in this business as you have all your maintenance/renewal costs. I personally would not let any domain go for less than 3K...no matter how crappy it is.
what would you do if it took 2 years to sell a single domain for that amount?
it also depends if selling domains is the only income stream you have or not (is domaining a business to you or an investment). so many variables really. generic keywords/brandable names/"business" names...you might think 3k is nothing to a business but many just don't see much value. i get inquiries every day but most don't want to pay more than 100 bucks, and these are 'end users'. mostly small to medium businesses. they want the domain but its not going to break them if they don't get it. one way or another you've got to stay profitable. holding out forever on offers that may never come could work but more often than not, doesn't.It all depends if I owned 50 domains or 1000. My experience, and obviously depending on portfolio quality it will be different is that in 2009 I received inquiries on 2% of my names and in 2010 (slow year) it was 1%.
Typically only half of your inquires results in serious discussions. So its a matter of how big your portfolio is and what it costs you to maintain it, and how aggressive you want to be.
For me personally, it would not make sense to sell anything for less than 3K based on my portfolio size. I literally have sold names I acquired from TBR for 30 bucks for 6K in less than 6 months from acquiring to an end user who never owned the name before...you create the market because if they want that name, they have to pay you to get it. You just need to know what their walkaway point is.
If you are launching any sort of marketing campain, the cost of the domain is minimal in comparison to the campaign and projected revenues...so 3K is nothing. If the offer is from someone in their basement thinking they can develop the next best website, you need to decide if its worth your while to sell to these type of buyers or hold out.
If you are launching any sort of marketing campain, the cost of the domain is minimal in comparison to the campaign and projected revenues...so 3K is nothing. If the offer is from someone in their basement thinking they can develop the next best website, you need to decide if its worth your while to sell to these type of buyers or hold out.
The OP is asking "how did I do negotiating down to $600."
The OP should have been "I've received an inquiry - how should I proceed?"
If the buyer is a major corp., they'll easily pay x,xxx & xx,xxx.
If it's Joe Blow, the original offer was $100, right?
you know nothing about what I am doing.
This is the point. One doesn't know critical decision-making information, esp. who the buyer is, as well as how the negotiating on price developed.
So, there's no real useful suggestions available at this stage.
Congrats on selling your name. Good for you to get more money.
How did you sell it? Auction? or did the buyer stumble across your site?
We don't even start looking at offers under 3k to start. I can see the problems with this domain because hairdryers are a commodity product (easily found anywhere) still there are a lot of webpages competing and tons of adword ads so somebody is selling something on the internet. I wouldn't have let it go under 4-5k.