Your favorite response to a lowballer

[Theo]

Just watch out for the weird sounding old lady names from gmail accounts, that is a member here sending out lowball offers on LLL's

And it's Focus 4.20 dude! :smokin:

Lawlers!

 

[Raider]

Just watch out for the weird sounding old lady names from gmail accounts, that is a member here sending out lowball offers on LLL's

Whenever I get one from a gmail address, I know its a domainer....I got one from a nice woman once who described herself as a struggling Art student, only problem was she signed her name "Frank".

 

[tetrapak]

"this is my final bid" - 5 times! (Sedo)

 

[smashfactory]

Dear Buyer-
This is an Offer Detection System. Offers that come in below the bin automatically get deleted and are not forwarded to the domain owner. The current bin for this name is $xxx.
If you wish to submit an offer at bin, the offer will then be forwarded to the owner. If you do not, please do not respond to this automated mesage, as it will be deleted.
Thank you.
OfferBot

 

[Nova]

Favorite response to a lowballer?

This:

 

[Focus]

nothing....lol

 

[typeins]

Usually something like "add 5 more 0's to the end of that offer and we can talk"

 

[FuseFX]

Like Focus, I have turned a few lowballs into much higher sales. I got an offer for 100 bucks for a site and replied with a BIN of 2000. I got a shock smiley back and the person said that his maximum budget is 500. And after lot of haggling, we closed the deal at 750. =)

It doesn't hurt to reply back with a message. If you don't try, you will not make a sale.

 

[Focus]

Spoken like a true pro, never turn down a possible deal! The biggest whales usually make the smallest offers in my experience!

 

[Theo]

I just got a sub-$100 offer for a biotech domain of mine. From a Korean IP that was traced back to a large biolab in South Korea. I am SO gonna sell it at this price. NOT!

 

[DomainMagnate]

I usually reply with a high, but affordable price and I've sold a few domains this way

~MG

 

[Focus]

"affordable" is all relative...half the perceived value in a name is how much you ask for it to begin with..you have to "set the bar" so to speak..but never be too firm or use statements like "this is it" or "final price" etc..always stay negotiable but give yourself ROOM to negotiate to start with! When setting a price, keep in mind 9 times out of 10 no matter what price you give they usually offer less in reply..so make your response prices accordingly. Follow these easy tips and you will make more money k:

 

[Theo]

But when you are the recipient of an outright offer, which is way below the objective market value of the domain (let alone your own expected mega-millions value) then it's a game of determining where it came from.

In another thread I mentioned how the CEO of a company that sold for $2+ million to an online Yellow pages guide, offered $1k for a domain, claiming that it was what he and his 2 other buddies could come up with ($300 each).

 

[DomainMagnate]

I agree with most, but I think you gotta set your last price at some point to close the deal.
Otherwise the buyer will feel that he can get it for cheap and continue huggling.
So get a few offers, reply with counteroffers and then figure what's the highest the buyer will pay and say that it's your lowest price to close the deal quickly..

~MG

 

[Theo]

There are times that closing the deal quickly is not the smartest thing to do. I have sold domains that received numerous offers; each one similar to the others, some with multiple negotiations. Eventually, after 3 years I turned that hand-regged domain into a $xx,xxx sale. You have to stick to your guns. In my early domaining years I did not, and was eager to flip names quickly for whatever profit I could make. I sold 3 LL.net domains and several LLL .com ones at prices that I'd rather not discuss LOL

 

[DomainMagnate]

Well of course.. close it if you feel the price is right. Don't agree on low offers just because thats all what the buyer can pay

~MG

 

[Focus]

in that case I offer them a lease..which sometimes works out nice too

 

[Nova]

in that case I offer them a lease..which sometimes works out nice too

Any compensation clause in case they do anything to cause the domain to be lost?

As for the lowballing, I do agree that often one should not just ignore it if there is any desire to sell and a glimmer of potential. It's definitely a judgment call and requires detective work sometimes, but for the truly ludicrous lowballing silence is usually my favorite way to go.

 

[Theo]

Whoever wrote that "Anisa Keller" email I received today please contact me; I might have a job for you

 

[Alexander]

Whoever wrote that "Anisa Keller" email I received today please contact me; I might have a job for you

I was really bored. :smilewinkgrin: