What would you do? greedy or not?

[simon]

counter with 5K$,
if they agree, go ahead, if not sell them for 3K$

 

[hugegrowth]

definitely counter, with only the details provided I would counter for $6000. usually a buyer is willing to pay more than their first offer.

 

[Theo]

Never take the first offer, regardless of how enticing it is. If you don't ask, you don't get.

 

[petrosc]

Simon gave you good advice. If they are serious as you say, they are prepared to pay the $3k. So ask for $5k, if they refuse, get back to them in a few days saying that you thought it over and that you are ok with their initial offer. They will most likely buy it at the $3k at least.

Nobody can guarantee anything though, at the end, it's your decision.

If I needed the $3k badly, I wouldn't risk it. If not, then I would give it a shot at $5k, knowing that they will most likely buy it anyway, even at their initial offer

 

[Theo]

It really depends on the buyer's "turf" and the ability of the seller to move his strategy forward.

I had two recent sales, the first one started as a $1,500 offer. I asked for $7,500 and they countered with $2,500. That's an indication of a good momentum. I countered with $5,500 as a final offer, which the buyer took and it closed at that point. Not bad for a sub-$300 investment.

The other sale started with a $6,000 offer to which I countered with $10k. The buyer didn't budge, offering little more instead. At that point, knowing that my ROI was already good, I accepted their counter-offer.

 

[dcristo]

If I needed the $3k badly, I wouldn't risk it. If not, then I would give it a shot at $5k, knowing that they will most likely buy it anyway, even at their initial offer

Exactly! If you need the money don't be greedy and ask for more if you think it's a reasonable offer. If you counter with a higher offer, there is always the risk you will lose the buyer.

 

[hugegrowth]

I had a 5k first offer for a domain last year by email, I countered with 15k, they got back to me after a few days and said management said no. That was the end of it, I thought I would at least get a counter offer of 7 or 8k. Nothing more ever came of it, even a few weeks later after I emailed them saying I was willing to negotiate. Thing is, i didn't need the money and didn't really want to sell the name even at 5k. Just shows that maybe sometimes the first offer is the highest, but I still think it's always worth a counter offer to the initial one.

 

[Wzhxvy]

I dont know about the advice this guy is receiving here...counter with 6k ? WHY ???

If they are the type that are going to walk away, they would have likely identified themselves, their role in the company, and offered you an amount. This happens when its a marketing guy told to try to get a name...

If you receive an out of the blue offer for 3K as I think you did here...I guarantee you that they are willing to pay at least 10K...at least. Maybe 100K who knows.

I would go back and say the name is in your development pipeline, that 3K is not in the ballpark...but if there is interest, they can make offer.

Depending on what they come back with...you can then put in a number...or start probing for what they need the name for...who they are...start fishing for who you are dealing with...time is on your side. They might be in a rush to get the name for some reason...dont be too eager...you can uncover lots of info through the back and forth.

If they come back with 5K...which is likely...then you can ask for another offer, or start fishing.

Remember here, your ROI is insignificant to them...they just want the name. How many names have you bought that are just sitting there ? You need to maximize every sale, and to be honest whether you bought it for $60 or $500 its irrelevant...

 

[hugegrowth]

Considering aplus was questioning to sell at 3k, then the 6k range is better. We don't know the domain either. I agree that the price he bought it is irrelevant in this case, being so much lower than the initial offer. Is the 3k offer a lowball to them, or are they coming out with their max price up front? Who knows. It does happen that you counter with too high an amount and play hard to get, and the buyer walks. Maybe they have a second choice domain if they don't get this one. I think the point is that the buyer is most likely willing to pay more, how much more to ask is the question. You can be like Frank Schilling and say the minimum bid must be at least 10k to get your attention. Without knowing the name, turning a $60 buy into 3k would be a great sale in most cases. Especially if you just bought the name for investment and have no plans for it.

 

[Theo]

Please make this your motto:

If you don't ask, you don't get.

 

[BobDiGiTaL]

they are expecting a counter of $5K
go a little less, like $4950.
they'll accept.

 

[Wzhxvy]

At the end of the day, its up to you, but I am compelled to tell you that I have sold names for 10x the intial offer many times, actually most times...in some cases it can be much more, depending on how sophisticated your buyer is. Just do your research.

 

[Big P]

One of the toughest things for me to do was to not accept a $6,000 + offer for one of my two word insurance domains. The owner of the company kept asking me for a price & when I told him I am open to offers because there are two other people inquiring about the name, he came back two days later with a 5 page contract, which had a ton of clauses in it. I told him no thanks. Go with your gut feeling. Sell if you need or want to, but don't accept an offer just because you finally got one.

 

[hugegrowth]

Let us know what happens!

 

[Roo78]

If it's generic and has no potential TM issue attached to the company that's interested. I would let them sweat a bit, then respond with the google stats and adding something to the effect of how valuable that particular domain is to any company in that vertical and the new owner would have a head start on others, online. That domain can be the difference, for a company to either stay on top, or get to the top!!!

With that said, be respectful and counter offer with double - I say $6k at least!! Don't low ball yourself...but, like others have said, if you need the extra cash, pull the trigger, but don't be desperate.

I once got an offer on a dropped domain for $200....I countered with $2k and ended up selling it for $1k. In the back of my mind, I still know, that I could've sold it for more, but I'm glad I did it then and have no regrets!

good luck and be sure to let us know what the outcome is!

 

[DNBA]

I would make a higher counter offer. If you take the first offer it still doesn't mean you have it in the bag.

They may not follow through and think they can wait it out and make a lower offer the next time around. If they are offering 3k they are not messing around about wanting the name.

I would counter offer at 10k and say you have a partner that is involved as well and thats what he feels comfortable with. if they counter offer again they may go to 5k. Suggest that you have to consult with your partner and get back to them. Dont seem egger to sell so quick.