How do you respond to...."How Much?"

[Focus]

Book? hahahha lol

real simple guys...

1) always put the highest REASONABLE price possible for the domain
2) ALWAYS say your asking price is negotiable
3) Let them haggle, they love to do this..it's part of the power trip of buying domains
4) Get somebody on the phone if possible, warm friendly conversations sell domains


So in closing...always put a price, use a statement to the effect of "all reasonable counter-offers will be closely considered based on the domain name" sometimes people make offers just for the heck of it.
If you don't put a price you can't make a sale or get a reasonable offer, period. It's like the missing link..don't be afraid of the price or empower it by "building it up" talk about the great value of the domain with supporting facts & figures and why the price is such a bargain with a good ROI potential. Offer money to the person receiving the email or answering the phone in the form of a "referral fee" or "sales assistance" payment...I cannot tell you how many times I sell domains by offering people $100 by paypal to get their boss to buy something, trust me it works. People like money. :smile:

Fact of the matter is unless you get the actual "DM" or decision maker via email or phone you are wasting your time 99% of the time. So many people fail simply because they don't get through to the DM. If someone takes the time to reply back to you "no thank you" or something to that effect, use that opportunity to ask them who it is you should contact or speak with to make a deal happen, and offer money to assist in the deal, even if it's 10% to act as a broker, etc...Quid Pro Quo! QPQ! Don't forget it! Make the office manager's life exciting..everybody wants to be the hero who secures the big prize domain for the company and makes some extra money on the side too.

Get serious people, this is hard work..this is a business. Stop being lazy and make it happen. k:

Find a way, be creative...send them free promotional products with the domain on it and your business card, if the same old formula is getting you the same result then change the equation people and get a new answer! :becky:

 

[NetworkMsia]

WOW, That is some really great tips Chris!
I wish there was a button I could add some rep =)

 

[theinvestor]

I contacted an end user today. Asked me the famous question...How much?

I gave him my asking price...not a positive result. I have a feeling he'll be back though

 

[rajs1ngh]

Book? hahahha lol

real simple guys...

1) always put the highest REASONABLE price possible for the domain
2) ALWAYS say your asking price is negotiable
3) Let them haggle, they love to do this..it's part of the power trip of buying domains
4) Get somebody on the phone if possible, warm friendly conversations sell domains


So in closing...always put a price, use a statement to the effect of "all reasonable counter-offers will be closely considered based on the domain name" sometimes people make offers just for the heck of it.
If you don't put a price you can't make a sale or get a reasonable offer, period. It's like the missing link..don't be afraid of the price or empower it by "building it up" talk about the great value of the domain with supporting facts & figures and why the price is such a bargain with a good ROI potential. Offer money to the person receiving the email or answering the phone in the form of a "referral fee" or "sales assistance" payment...I cannot tell you how many times I sell domains by offering people $100 by paypal to get their boss to buy something, trust me it works. People like money. :smile:

Fact of the matter is unless you get the actual "DM" or decision maker via email or phone you are wasting your time 99% of the time. So many people fail simply because they don't get through to the DM. If someone takes the time to reply back to you "no thank you" or something to that effect, use that opportunity to ask them who it is you should contact or speak with to make a deal happen, and offer money to assist in the deal, even if it's 10% to act as a broker, etc...Quid Pro Quo! QPQ! Don't forget it! Make the office manager's life exciting..everybody wants to be the hero who secures the big prize domain for the company and makes some extra money on the side too.

Get serious people, this is hard work..this is a business. Stop being lazy and make it happen. k:

Find a way, be creative...send them free promotional products with the domain on it and your business card, if the same old formula is getting you the same result then change the equation people and get a new answer! :becky:

thanks for some useful tips chris.

 

[Focus]

Glad I could be of assistance....don't be afraid to just be candid and have fun when you are selling a domain name. If you are pushing a quality name to begin with (generic .com with traffic, etc) then it's obviously alot easier to sell to an end-user. Don't waste time trying to register domains and then sell them to people the next day. It takes investments on your end in 95% of the cases and a little luck mixed with alot of FAITH. Do some market research first, find out what companies are advertising under the keyword terms matching your domain name, then contact them. Power in numbers, remember...it may take you emailing 50 companies but out of the 5 replies you might get (or more) you only need one "yes" to make the deal & some profit. Be reasonable, if you have an interested buyer - give them a square deal. Over time you will do alot of business and make alot of friends. Offer to become their exclusive "domain broker" and buy names for them for a 10-15% commission and assure them you know what the heck you are talking about. Ask lot's of questions...find out what their advertising budget is, ask how the weather is, ask about business, talk about their dog. Be real, and be friendly...this is my advice, and that sales don't always happen fast. I pester them until they buy the domain, make a low offer I decline, or hang up or block my email address. Most people for some reason don't realize they "need" the domain & sometimes they really do need it, and you know it - so tell them why! lol eace:

 

[NetworkMsia]

Chris,
Thanks for taking the time to write that up. Once again very much appreciated =D

 

[Dale Hubbard]

LOL Self ingratiation.

 

[Justin Hulsey]

Chris, thanks for the tips bro!

 

[JuniperPark]

I immediately delete every emailed offer to me that does not quote a price. I will not waste my time with a bunch of back and forth emails, and I have no respect for people who do that.

 

[tonyfloyd]

Glad I could be of assistance....don't be afraid to just be candid and have fun when you are selling a domain name. If you are pushing a quality name to begin with (generic .com with traffic, etc) then it's obviously alot easier to sell to an end-user. Don't waste time trying to register domains and then sell them to people the next day. It takes investments on your end in 95% of the cases and a little luck mixed with alot of FAITH. Do some market research first, find out what companies are advertising under the keyword terms matching your domain name, then contact them. Power in numbers, remember...it may take you emailing 50 companies but out of the 5 replies you might get (or more) you only need one "yes" to make the deal & some profit. Be reasonable, if you have an interested buyer - give them a square deal. Over time you will do alot of business and make alot of friends. Offer to become their exclusive "domain broker" and buy names for them for a 10-15% commission and assure them you know what the heck you are talking about. Ask lot's of questions...find out what their advertising budget is, ask how the weather is, ask about business, talk about their dog. Be real, and be friendly...this is my advice, and that sales don't always happen fast. I pester them until they buy the domain, make a low offer I decline, or hang up or block my email address. Most people for some reason don't realize they "need" the domain & sometimes they really do need it, and you know it - so tell them why! lol eace:

Bro-man........i'm talking end-user sales.......end-users asking "how much?"....not some fellow domainers...capiche??.......

 

[Focus]

Not really Tony...you are saying because they are "end-users" they don't know anything about domains or domaining? Who are these people you are trying to sell your domains to Mom & Pop gas station shops in small town rural America? lmao

Just because some business owners don't know anything about domains does'nt mean you treat everyone like an idiot. Capiche? :spy:

I immediately delete every emailed offer to me that does not quote a price. I will not waste my time with a bunch of back and forth emails, and I have no respect for people who do that.

Totally agree...gotta put a price. Everytime.

 

[Theo]

If you delete emails without a price, you're deleting money fresh off the printing machine. There is an art in negotiation that once mastered, can bring handsome returns. That initial email inquiring about a domain without making an offer is the source of your investigation so that you can negotiate further.

 

[tonyfloyd]

Focus.....

I.m not gonna ask some doctor to "Offer to become their exclusive "domain broker" and buy names for them for a 10-15% commission and assure them you know what the heck you are talking about" when searching for interested parties to buy my name....this is irrelevant when dealing with end-users....

 

[Focus]

Ok dude.

There are some people who get their foot in the door and others that actually open it.

 

[tonyfloyd]

focus....i wanna sell a name......i don't want to become the end-users official domain broker......its that simple...

 

[Focus]

Ok, nobody is twisting your arm. Do whatever you want bro. lol

 

[Acquisition]

How do you respond to...."How Much?"

"The degree of interest in selling is proportional to the size of the offer"

Then ask them what company are they with.

If he lowballs you, respond with- "thanks for your interest, however we have received much higher offers for this domain".

If they want the name, they will come back with a stronger offer.