Gotta love this response from a Sedo bidder

[Theo]

This is a classic. I get contacted via email about a domain I own, at which point I direct the person to a Sedo link to place an offer.

They made a $80 offer and my asking price in the low 5-figures came as a shock to this person, so they responded with this:

Your wordless demand for $xx,000 is completely outrageous without an explanation. This is the absolute last offer you'll get from me and my organization without a little more validation as to why you are asking such a grievous amount for this domain. And on the domain that I DO get (assuming that you don't reply with words and whatnot) will feature a page blasting the arbitrary owner of this domain (you) and hopefully letting people know of how you conduct your business. If you care to NEGOTIATE on this NEGOTIATION WEBSITE on the sale of this domain, then do it. Otherwise unlist your domain(s) and quit wasting everyone's time.

The funny part is this: I know who he is, who he tried to buy this aged, dictionary .com for and he has not registered his name as a domain. So I might have a little bit of fun, should he attempt to pull something funky

 

[frankburns]

idiot

 

[Melly]

We get emails similar to that at domain market all the time. They email about a domain and when I respond with even a price tag of a few hundred they flip out. Its funny. Some people offer like $200 on a $50,000 domain and let me know their deadline like they are doing me a favor.

 

[Theo]

I usually don't bother with these idiots but this is actually the response after I canceled the negotiations without a comment and he felt compelled to start a new one, just to get his message across.

 

[dn-101]

Robert Burns from Scotland has a funny piece:
I shake fools' hands
We owe them a lot...

 

[Gerry]

I usually don't bother

I usually do not read the comments as it takes forever for Sedo to process them.

But here is a very recent example:

These are two back-to-back on the same name from the same person:

He/She made a very low xxx offer on an xx,xxx name

I kept to my xx,xxx price.

The person then countered with a x,xxx offer, more than 10x what they had originally offered followed by:

i think you are being unrealistic in this market, and so many similar domains (variations on a theme).

When I countered with my same xx,xxx price, suddenly it was a different tune with a yet higher x,xxx offer followed by:

i really like it, i just cant afford it. Help me out!

I am not too keen on someone trying to justify their devaluation of a name or why it is not worth the asking price - and then turn around and tell me how badly they want it. Honestly, I am all for making a sale and negotiating. But be honest and up-front from the onset and it carries value with me.

 

[Deleted member 111831]

I agree with these guys to some extent. For some reason domainers feel the need to ask high end user prices on Sedo when they'd sell the same domains here or to another domainer for a fraction of their Sedo best price.

These guys aren't aware of the whole reseller/end user market thing, but they can sense that they are getting ripped off. And they are right.

Unless we all want to die with 95% of our domains we really need to start being more reasonable with our asking prices.

 

[Theo]

Actually, you're right. I treat each and every inquiry via Sedo as an end-user sale. There's nothing wrong with wanting to maximize my investment. In other words, if you're a domainer you can get a better deal by contacting me directly.

In this case, as in the case of every confirmed end-user buyer, there is nothing about being "ripped off". The young man that came up with this articulated paragraph, threatening to "expose" and whatnot is a 22 year old band roadie, wanting my objectively appraised 5-figure domain for his buddies, whose unsigned band bears the same name.

In other words: when you're a piss-poor hippie with no money making a lowball offer, at least don't come strutting your stuff with junk about "organization" and "negotiation". I don't need this attitude.

 

[Gerry]

...we really need to start being more reasonable with our asking prices.

Please post your LLL.com's for sale. I would like to offer 3%-5% of your asking price.

 

[Tia Wood]

These guys aren't aware of the whole reseller/end user market thing

Not our problem. It should not be our responsibility to dumb down the value of domains.

but they can sense that they are getting ripped off. And they are right.

No, they are wrong. Especially when it comes to Acro who I know for a fact does not over price his names. I know the domain in question and it wasn't overpriced a bit. This particular user was peeved at Acro not playing ball with his uneducated offer.

Unless we all want to die with 95% of our domains we really need to start being more reasonable with our asking prices.

Or rather more intolerant of time wasters. It can go both ways.

 

[Deleted member 111831]

There's nothing wrong with wanting to maximize my investment

And there is nothing wrong with me wanting to meet and bang Jessica Simpson everytime I go to a bar -probably not going to happen though.

Instead of trying to hit a grand slam with every potential customer, why can't we be content hitting a bunch of singles and doubles?

This is not directed at you, all domainers do it. I'm not sure it is optimal though.

 

[Gerry]

I'm not sure it is optimal though.

I understand your point.

But this was clearly a domainer lowballing. And he/she knew it!

 

[Theo]

Personally, I could care less about whether someone can or cannot afford my asking price. I just don't need to be told what's "right and what's wrong" when I'm holding or selling an asset. The proverbial "sour grapes" comes to mind. But I thought his neurotic response was funny enough to share

 

[Deleted member 111831]

Please post your LLL.com's for sale. I would like to offer 3%-5% of your asking price.

LLL.com's are different. I believe rock bottom is about $3k right now. All anybody has to do is post them here for $3k and they'll be sold same day.

Generics are not so simple and their value is much more subjective - and most of the time the person selling them didn't pay very much money for them. If you paid $5k for a domain, it is quite reasonable that you'd want 10k+ to sell it. If on the other hand you got the name for reg fee or xxx or less, I don't see the point in being stubborn and holding out for $25k, rejecting offers that would show you a nice return.

If we all started doing this it would help everybody. Domains would be much more liquid. And once end users figured out they could go on Sedo and get a quality name for a few hundred dollars - they's stop registering 4 word .info's for their websites.

---------- Post added at 12:33 PM ---------- Previous post was at 12:31 PM ----------

I understand your point.

But this was clearly a domainer lowballing. And he/she knew it!

This case is one of thousands that happen regularly. Sedo asking prices are completely unreasonable 95% of the time.

 

[Tia Wood]

If on the other hand you got the name for reg fee or xxx or less, I don't see the point in being stubborn and holding out for $25k, rejecting offers that would show you a nice return.

Negotiating is one thing. But flipping domains at insane low values due to impatience is a little....silly.

 

[Theo]

Sedo asking prices are completely unreasonable 95% of the time.

I think I belong in the 5% then, judging by the number of sales I had through Sedo Remember, every "no" you say to an unreasonable offer will only have to be matched by a reasonable offer once, in order to have a sale. But if you sell to the first lowball offer you receive, you're cheating yourself out of a lot of money. Selling 101.

 

[Deleted member 111831]

I'm not going to argue further, I said my piece and I feel very strongly about it. Hopefully in time more and more domainers will see the light.

You can drool over your portfolio and all of the millions you think its worth, or you can actually start selling some domains. The choice is yours.

 

[Theo]

If on the other hand you got the name for reg fee or xxx or less, I don't see the point in being stubborn and holding out for $25k, rejecting offers that would show you a nice return

So if I turned a $2k purchase into $25,500 I was being unreasonable?

Sorry, but you forget I am not a rookie. There is a fair price that is determined by the willingness of the seller to go lower. But if you don't ask for more, you won't get more

or you can actually start selling some domains. The choice is yours.

Twelve hundred sales later, I think I do have that choice.

 

[Tia Wood]

Time for forum PacMan

( < - - - - - - - - - - - - * - - {><} - {><} - {><} - - *

 

[Theo]

Relax, folks. It's not Friday yet but it's getting there