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- Jan 9, 2008
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Seller: James2002 backed out of the committed deal !! I don't know his Chinese name so we will have to go with his fake name for now..
After finalizing a deal with him for his asking price of $10k, we confirmed it with a client as well so that we can take next step of securing a payment & everything, and in the meantime he backed out of the deal saying he is getting more money & has finalized a deal at $14k.
I would have to salute his courage & guts, because his response was kind of amazing when I call him on his phone# +44-7894082526, to my further negotiation on trying to get a resolution to this dispute. This is what he had to say word by word, to my effort "You are Indian, that's why upset about this deal!! Ask your client to contact me and I will explain him everything". I warned him that I will be roping in moderators plus forum members about this deal gone sour and he had balls to say: "you can do whatever you want cuz I DONT CARE!!" and hungup on me...
He contacted me with a domain name: xxxxxxx.com and asked for offer in 5 figures. I made him several low to mid $xxxx offers but he rejected them completely seeking for more. I sent him another message:
My message to James, I
He responded saying this:
This is what I said:
And his response was:
My response to his message was:
his response was (look at the way he is still trying to know my offer):
I responded again:
Thats when he played smart with a "valid for 24 hours" asking price:
I responded, as I was annoyed with the "24 hour validity period", however didnt rejected his standing offer. Instead asked for him permission to pursue this further:
Also sent this pm in the meantime, still within 24 hour timeframe and asking him if he will accept this price (Please keep in mind that I didnt reject his bin price, instead was just inquiring if he will take this offer):
He turns back and repeats the same thing:
And I responded:
He responds saying:
I was amazed at this response that I got after an hour from him, and when I asked him why is he doing this when he has confirmed it with me on a sales price.. His response kind of humorous & ridiculous: "I thought you are like other dnforumers who would run away."
Does this mean other DNF members are like this as well, and DNF should get used to members like him backing out of the deal???
Here is the Forum rule that re-iterates something :
8. Complete your sales! If a member posts "sold" or PM's that he/she will buy your domain, website, service, etc., please attempt to complete the sale in a timely manner. This goes for both parties, please make yourself available to complete the sale as soon as possible. In addition, your word is your bond. If you agree to a deal, you shouldn't back out - even if you receive a higher offer (sellers) or if you think you offered too much (buyers). Do the right thing and the right thing will eventually return to you.
After finalizing a deal with him for his asking price of $10k, we confirmed it with a client as well so that we can take next step of securing a payment & everything, and in the meantime he backed out of the deal saying he is getting more money & has finalized a deal at $14k.
I would have to salute his courage & guts, because his response was kind of amazing when I call him on his phone# +44-7894082526, to my further negotiation on trying to get a resolution to this dispute. This is what he had to say word by word, to my effort "You are Indian, that's why upset about this deal!! Ask your client to contact me and I will explain him everything". I warned him that I will be roping in moderators plus forum members about this deal gone sour and he had balls to say: "you can do whatever you want cuz I DONT CARE!!" and hungup on me...
---This is how it all started---
He contacted me with a domain name: xxxxxxx.com and asked for offer in 5 figures. I made him several low to mid $xxxx offers but he rejected them completely seeking for more. I sent him another message:
My message to James, I
Originally Posted by loudbeats.com
If you come in range of $5k-$10k range for this name, I have a client interested in the name who is getting a site developed from my team
Thanks, do let me know asap
He responded saying this:
Originally Posted by james2002
Thanks
But I paid myself good price for this name and could only sell in five figures.
This is what I said:
Originally Posted by loudbeats.com
Honestly James, its your name and you can ask for whatever price but there has to be a buyer ready to pay that price as well.
Im not sure how up to date you are on the sales of gambling domain names.. but keep in mind, the keyword "casino" is MUCH better than the keyword "blackjack".
As you can see from searching google, ecasino.com sold for $25,000
Please see:
https://adwords.google.com/select/KeywordToolExternal
and search casino:
casino 24,900,000 OVT
then search blackjack:
blackjack 3,350,000
Now, if we were to base the valuation on those numbers.. and consider the selling price of $25k for ecasino.com, we would come up with less than $3400 as a fair price. Sure the sale was several years ago, so inflation in the value is expected.. which is why I really feel that my $5k-$10k range offer was fair one (especially considering we were talking about it in the reseller market.)
Thanks, Jay
And his response was:
Originally Posted by james2002
Firstly eCasino.com was so at bargain price and the previous owner should shot his computer down.
If you calcualte like that, consider ecruise.com and eflowers.com sale prices. If I compare "cruise, flowers and blackjack", my domain would be woth six figures.
Sorry, firmly five figures. I don't need to sell.
My response to his message was:
Originally Posted by loudbeats.com
If ecruise & eflowers were gambling related keywords, i would have defi compared 'em, but oh well I'll pass!
Good luck!
his response was (look at the way he is still trying to know my offer):
Originally Posted by james2002
Anyway, thanks for interest.
I like to sell this to end user and not to reseller.
What is your highest offer, by the way?
I responded again:
Originally Posted by loudbeats.com
Client might be able to cough up somewhere around $7500 if pushed.
Cheers, Jay
Thats when he played smart with a "valid for 24 hours" asking price:
Originally Posted by james2002
My last price $10,000
Valid for 24 hours
Buyer pays the escrow fees.
I responded, as I was annoyed with the "24 hour validity period", however didnt rejected his standing offer. Instead asked for him permission to pursue this further:
Originally Posted by loudbeats.com
Sorry buddy I dont work on "valid for 24 hours" stints. As I had informed you earlier, I have a client who is interested in your domain at a reasonable price.
Now whoever is going to spend around $10k will need time to consider his/her options. So, if your 24 hr period aint over yet, I can go ahead and speak to my client about it and we can get it over and done with, at a mutually agreed price.
Let me know your thoughts asap, so that I can pursue this further if you wish!
Thanks, Jay
Also sent this pm in the meantime, still within 24 hour timeframe and asking him if he will accept this price (Please keep in mind that I didnt reject his bin price, instead was just inquiring if he will take this offer):
Originally Posted by loudbeats.com
James, I have client with me.. want to take $8k and wrap it up through escrow?
Let me know please. Thanks
He turns back and repeats the same thing:
Originally Posted by james2002
$10,000 is my lowest price
Buyer pays fees
Thanks
And I responded:
Originally Posted by loudbeats.com
All right sold @ $10k. can we do this via moniker escrow?
He responds saying:
Originally Posted by james2002
Sorry. I was negotiating with the other party and we had agreed for a price.
I was amazed at this response that I got after an hour from him, and when I asked him why is he doing this when he has confirmed it with me on a sales price.. His response kind of humorous & ridiculous: "I thought you are like other dnforumers who would run away."
Does this mean other DNF members are like this as well, and DNF should get used to members like him backing out of the deal???
Here is the Forum rule that re-iterates something :
8. Complete your sales! If a member posts "sold" or PM's that he/she will buy your domain, website, service, etc., please attempt to complete the sale in a timely manner. This goes for both parties, please make yourself available to complete the sale as soon as possible. In addition, your word is your bond. If you agree to a deal, you shouldn't back out - even if you receive a higher offer (sellers) or if you think you offered too much (buyers). Do the right thing and the right thing will eventually return to you.