closed Need Advices (Urgent!)

[DomainDep.com]

Please give advices!

Today I recieved a call from a guy- recognizing himself as a representative of a local company - saying that he's interesting of buying a domain name :LocalDeal.com: I was shock at the moment since this is the first time I am facing this kind of deal ... He asked me to give him the price range and I told him that I currently have no price range yet and asked him if he could give me his best offer but he said he need to know my price range first ... I ask him to wait for my phone call and told him that "not just myself can make a dicision of a price of a domain name" .....

Since this is my very first time ... I really need advices from you guys/gals

How to negotiate .... how to sale it at reasonable price ... ???



Thanks alot

 

[Nova]

It probably deserves at least $10 - $15+K imo, but if you want it to move more easily you might want to consider the $5 - $10K range instead. Doubtless some might try to low-ball you, however. Wouldn't surprise me if he tried to convince you to take $2500 or something similar. It's an excellent name - congrats on getting it. Someone could really do well with a name like that. Also, escrow.com is a good place to do the money part.

 

[DomainDep.com]

Thanks alot www.... I really don't know what the price range will be but let wait see other opinions ...
Also:
I've just noticed that LOCALDEAL.NET & LOCALDEAL.INFO have recently taken (09/03/04 - localdeal.net; 09/06/04 - localdeal.info) by BlueIce LLC from New York .. I suspected them who called me today; or maybe be not them because the guy who called me has the area code (650) which is in California ... ??? Hope this info will help you guys ...
Please give advices

thanks

 

[darrenl]

Dont be too sure he'll pay $10k. If its a local business they may not have that much to spend on a domain.

 

[seeker]

perhaps they arent a 'local' business, but a business that delivers everywhere over the net can benefit from a name like this one.
The name itself is great.
$10K is a good place to start IMO

 

[DomainDep.com]

This are all great advices .... but I really need more advices ...

thanks all,

 

[namewaiter]

what 'local business' is know to promote a local deal? they are interested in the name to set-up a site where local businesses can advertise. i think $10,000 would be a good starting point and if they are backed by VC then it might get sold, but if they are a small group or an individual who has the site idea ... then maybe settling at $1000 or so might be the outcome, because if they are a small then they'll probably find and go with alternate domains.

btw, ult search owns localdeals.com (which in my eye is a better domain for the scenerio i just described, but i bet he's asking more than 10K)

it is a nice domain ... good luck

 

[JEsports]

azseller, I would recommend doing two things. One is search for similar domain names for sale and see what they are asking. Example at Sedo, the seller of ultradeals.com is asking for $5,000.

The second thing I would do is go ahead and get a professional appraisal done. You can use Sedo's appraisal services for this as well and can receive this in a matter of days if you purchase the Premium appraisal. This way you will have something to show the buyer what the domain is worth instead of just an opinionated asking price. Using Sedo's appraisal service will usually be in your favor because they are typically high.

All this said, my personal opionion would be to ask for $10,000.

Good luck!

 

[DomainTurn.com]

AT ten thousand you might scare him away "don't" This is not a super domain name that can demand that price. I would say 1000.00-1500.00 is a fair price. You need to grab his attention buy saying this.

I Really don't know what I want to sell this domain name for I was offered 1500.00 for it and did not sell. I really wanted 2500.00 to 3500.00 for the name. I don't know if you could give me the 3500.00. I would hate to loose a sale because of price. Please let me know how close can you come to that price. He will respond with a price.

 

[chatcher]

... He asked me to give him the price range...

I don't understand what a price range is. I understand an offer and a counter-offer. If I say my price range is $2500 to $5000, how many buyers do you think will say, "OK, I pick $4000"? If you say your range is X to Y, you have pretty much guaranteed you won't get more than X.

Personally, I don't make up fictitious offers. I make it a point not to intentionally lie, not even tiny ones, in business. There is always a way to make your point and not tell more than you want to without resorting to fabrication.

My method is this: Decide the lowest price you personally would be willing to sell the domain name for. This number does not require appraisals, advice, or exceptional knowledge of domain names. It is the number that, should the buyer refuse to pay, you won't be sorry to lose. Then decide the price you think a reasonable buyer might be willing to pay. This is the number you might need help with. Pick a number too large and you might end the negotiations prematurely. Pick a number too small, and you will certainly lose money. If you make the deal somewhere between these two numbers, the difference between the sale price and your minimum is the amount you made for your negotiating skill as a trader (as opposed to the amount you made for your domain name investing skill, which is the difference between your minimum and your cost to obtain the name). Always know what you stand to lose, and what you stand to gain. If you are desperate for cash, you can't afford to take big negotiating risks. If you don't really need the cash, you can afford to take chances and further your education as a trader. In the end you'll know what you earned.

Let's say you decide you would rather take $1000 than let the buyer walk away, but you really think he might pay $2500. You might tell him, "I would be willing to sell the name for $2500". His reaction will tell you a lot. If he immediately accepts, don't think you lost money because of what he might have paid, be happy that you made $1500 over your minimum for a few minutes negotiating. If he says, "That's a little more than I had in mind", then ask him what he had in mind. If he says, "I can get plenty of other names for $15 each," don't be drawn into a battle where you are expected to defend your valuation of your domain name. It's enough to say, "I'm sorry, but I wouldn't be interested in selling for $15." Buyers come in all types, as do sellers. Sometimes a deal is just not going to happen. If all goes well, both are happy and both get good value for what they gave up.

 

[DomainDep.com]

I called the guy today .... the price range I told him is 4 digits ... he then told me that he's looking for a domain especially for/about "Local" that has a price range from 1000-2000 .. my question is , should I sell this name ::LocalDeal.com:: from that price range???

 

[JEsports]

If you do not have plans to develop this site yourself as an online retail store then I would sell it. It is a decent offer.