Gotta love this response from a Sedo bidder

[Stian]

Speaking of Sedo.. I haven't received a single offer through Sedo in almost a month! I usually receive 3-6 a week. I'm starting to think that my domains aren't listed correctly or something.. :worried:

 

[DN BROKER]

must be the same scumbag who offered me the same $80 for a 5 figure domain and posted the same type of comments

i told him to F OFF

 

[Gerry]

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.

I do think it is a worthwhile discussion.

But, ALL negotiations are very subjective - we are dealing with a product that has no actual value, only perceived value; the value placed on it by the seller and the value placed on it by the buyer.

That is what negotiating is all about, reaching that happy point of acceptance by both parties.

If someone initially send me an offer of 200, then goes to 500, then to 1000, then to 2500 for the same name (all the while making the comments I posted), that person making the offer is not even attempting to reach that sweet spot in negotiations. They are simply justifying WHY I SHOULD TAKE LESS, a great effort on their part which they have concocted to justify their lowballing - all the while knowing that this name is worth more (to them and to me) is worth more than 200, 500, 1000, 2500 bucks.

We have not hit that sweet spot in negotiations nor do I think we will hit it. We are so far apart. If I could, I would close the negotiations (on Sedo) but I can not because the system is waiting on a response or counter offer from the other party.

Why do I want to close negotiations? Because I know this person is not making a serious or respectable offer.

They know this name is worth much more (i really like it, i just cant afford it. Help me out!) but they are wanting me to give them a discount of 95%! What other business or industry or factory on this planet can you walk into to do business and ask for a 95% OFF asking price just to buy the product?

---------- Post added at 02:30 PM ---------- Previous post was at 02:28 PM ----------

Speaking of Sedo.. I haven't received a single offer through Sedo in almost a month! I usually receive 3-6 a week. I'm starting to think that my domains aren't listed correctly or something.. :worried:

Offers are coming in for me.

Are your minimum offers too high?

 

[Stian]

I do think it is a worthwhile discussion.

But, ALL negotiations are very subjective - we are dealing with a product that has no actual value, only perceived value; the value placed on it by the seller and the value placed on it by the buyer.

That is what negotiating is all about, reaching that happy point of acceptance by both parties.

If someone initially send me an offer of 200, then goes to 500, then to 1000, then to 2500 for the same name (all the while making the comments I posted), that person making the offer is not even attempting to reach that sweet spot in negotiations. They are simply justifying WHY I SHOULD TAKE LESS, a great effort on their part which they have concocted to justify their lowballing - all the while knowing that this name is worth more (to them and to me) is worth more than 200, 500, 1000, 2500 bucks.

We have not hit that sweet spot in negotiations nor do I think we will hit it. We are so far apart. If I could, I would close the negotiations (on Sedo) but I can not because the system is waiting on a response or counter offer from the other party.

Why do I want to close negotiations? Because I know this person is not making a serious or respectable offer.

They know this name is worth much more (i really like it, i just cant afford it. Help me out!) but they are wanting me to give them a discount of 95%! What other business or industry or factory on this planet can you walk into to do business and ask for a 95% OFF asking price just to buy the product?

---------- Post added at 02:30 PM ---------- Previous post was at 02:28 PM ----------

Offers are coming in for me.

Are your minimum offers too high?

I never have any minimum offers.

 

[A D]

So today I got an offer on herbalteas.com of $1288, I responded with 25k, the response I got was $2000 with this message "Serious about buying but not at that price."

His second offer in now way shows me he is serious, he's looking for a steal and my 25k for this name is reasonable.

Like Acro, I get frustrated easily with stupid people looking to steal my domains at a low price so they can flip them themselves at the original prices I wanted.

-=DCG=-

 

[fab]

So today I got an offer on herbalteas.com of $1288, I responded with 25k, the response I got was $2000 with this message "Serious about buying but not at that price."

His second offer in now way shows me he is serious, he's looking for a steal and my 25k for this name is reasonable.

Like Acro, I get frustrated easily with stupid people looking to steal my domains at a low price so they can flip them themselves at the original prices I wanted.

-=DCG=-

I've found some good quality herbal teas at my local supermarket for far less then you're asking for. Really needs to be developed though, terrible parking page.

 

[A D]

I've found some good quality herbal teas at my local supermarket for far less then you're asking for. Really needs to be developed though, terrible parking page.

Yea, like so many other domainers, I just need to find the time.

-=DCG=-

 

[grcorp]

So today I got an offer on herbalteas.com of $1288, I responded with 25k, the response I got was $2000 with this message "Serious about buying but not at that price."

His second offer in now way shows me he is serious, he's looking for a steal and my 25k for this name is reasonable.

Like Acro, I get frustrated easily with stupid people looking to steal my domains at a low price so they can flip them themselves at the original prices I wanted.

-=DCG=-

You've got the right idea at $25,000. Great name, and a lightweight, non-bulky product which is e-commerce friendly.

If it's an obvious speculator, respond by saying you'll pay him a commission if he can secure a sale for you. Chances are he's got a buyer at the ready, translating to an easy sale for you.

 

[A D]

If it's an obvious speculator, respond by saying you'll pay him a commission if he can secure a sale for you. Chances are he's got a buyer at the ready, translating to an easy sale for you.

Problem is it's through Sedo so I have no idea who the buyer is.

-=DCG=-

 

[tekz999]

Give him a cookie or something

 

[Tia Wood]

Give him a cookie or something

And a bottle of milk

 

[ksinclair]

So today I got an offer on herbalteas.com of $1288, I responded with 25k, the response I got was $2000 with this message "Serious about buying but not at that price."

His second offer in now way shows me he is serious, he's looking for a steal and my 25k for this name is reasonable.

Like Acro, I get frustrated easily with stupid people looking to steal my domains at a low price so they can flip them themselves at the original prices I wanted.
-=DCG=-

Adam,

Herbalteas.com is a nice domain, definitely one to hold and wait for one of the larger tea mfg to knock on your door.

I talk to people all the time who are not domainers, and to a lot of people, $2K is a LOT of money. I think domainers sometimes look at money differently than regular people, partly because so much of it is flying around. There are a ton of well meaning, regular people with hobbies and interests or a small business, who might like a good domain for a development project. There is nothing wrong with that.

A medium-sized business that might appear to have a lot of funds could easily be struggling in this economy, having layoffs etc so to them also, $2K might seem like a lot of money. Yet, they might still want to be improving their business, when the opportunity arises.

Realistically, 99.99% of people in this world are not domainers. That is important to remember if you want to sell a lot of domains. I have sold a few domains, and in my experience very few domains were bought by a speculator who then flipped them for a lot more. How often does that really happen? Domainers are 'afraid' of this happening but is it really that common? If a domainer was a stock investor, and fearful he was selling his stock before its peak, then he might never sell anything. And if you sell a domain that is sold for double a year later, that is not really flipping, that is just growing in value, so it depends on how this is assessed.

If you are dealing with a business buyer, they might still place a low value depending on several factors but you have more of an opening to educate them on the value of a premium generic domain. To me, business buyers have two main aspects you are dealing with. First, there is the individual himself, who is contacting you - they might have some personal opinions against domain speculators, and lowball you because of that; hard to budge that kind of individual. But the 2nd aspect is the question of why a business even wants your domain - because, a good business is acting based on a strategy, not just on a whim - and this is where our main upside is. If your domain fits their strategy then they will pay a lot more; the strategy is what matters to them, not a specific number. The best example of this thinking is the sale of iReport.com. For that reason I much prefer to deal in personal email and/or the phone than Sedo; you have more opportunity to try and assess who the buyer is.

Regarding buying, I personally see nothing wrong with lowball offers. If someone really thinks their domain is worth $10K or $100K then why do they list it on a forum or on Sedo with no minimum bid? Its ridiculous. I personally bid $60 on every domain at Sedo, as a first step, to see what the minimum bid really is. If there is no minimum bid, I offer a couple hundred and ask them for their actual, best price to save us both time. To me, a guy with a $100K domain ought to put $50K minimum bid - but they often dont because typically, they wont get any bids at all. So that feels lonely to hear nothing, I guess.

Kevin

 

[Spex]

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.

You gotta love it how some buyers turn to trashing the name THEY MADE AN OFFER ON just because they couldn't get it at their asking price.

 

[Theo]

Why did I share this bidder's response?

Not because he offered $80, but because of the load of bollocks that came with it. In case you wonder why some of you don't have end user sales, it's because the "general public" believes we are cybersquatters, borderline criminals that have no right in holding onto domains for years.

The bottom line is: the seller can ask for whatever price they believe is justified by their investment. When a schmuck can't match that price and instead yaps about how $12 would buy them a similar domain, no big deal. I usually tell them to buy the .net, .org or .us - all taken in this case.

 

[Gerry]

You gotta love it how some buyers turn to trashing the name THEY MADE AN OFFER ON just because they couldn't get it at their asking price.

That is precisely my point.

Start out low balling, then increase their bid three times telling me it is not worth what I am asking, and then plead to sell it to them.

---------- Post added at 05:18 PM ---------- Previous post was at 05:15 PM ----------

... yaps about how $12 would buy them a similar domain, no big deal.

That came up in my example being told that

so many similar domains (variations on a theme)

which were available.

Well, he should have regged them (before I did )

 

[carlton]

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.

Agree completely. I no longer concern myself with justifying a price. The buyer can accept it or not, counter offer or not. They are free to find some other alternative.

 

[katherine]

I have sold quite a few real estate related domain names, and I have one simple sales pitch:
sell one house and you've recouped the acquisition cost Plus it's a deductible expense for tax purposes.

 

[britishbulldog]

It all depends on one thing whther you need the cash or not,that always reflects my sales,if i am short i sell,if not i ask for more,it's called trading....and sedo should have some kind of indication on the buyer whtehr or not they are an enduser or not but i generally look at when they regged and how busy they have been it's always a good indication....

 

[A D]

i generally look at when they regged and how busy they have been it's always a good indication

That's a good point.

-=DCG=-

 

[JuniperPark]

Acro, how did you find out who made your Sedo offer? (and no, it wasn't me!)