Domain Manage

Domain name negotiations...

Discussion in 'General Board' started by viceroy, Oct 28, 2011.

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  1. viceroy United Kingdom

    viceroy Active Member

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    Have just completed negotiations for a domain and tallied up the email count: 77! Add on a fair few phone calls, bank transfers, sleepless nights, etc. Was wondering what lengths everyone else has gone to, to get a name close to their hearts?
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. GreyWing

    GreyWing Retired Member

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    Counting the emails to get sedo to finish the deal doesn't count you know. :D

    Seriously though, well done and hope the domain / payout warranted your time and patience.

    6-7 is my top one..
     
  4. wb United Kingdom

    wb Well-Known Member

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    Hope you sold it for a decent amount with all that communication? ;)
     
  5. viceroy United Kingdom

    viceroy Active Member

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    Haha:) nope, gave up on sedo a little while ago (and don't miss them tbh)... It was a buy but was worth the effort to help clean up the niche:) Hard work but worth it...
     
  6. Edwin

    Edwin Well-Known Member Exclusive Member

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    Never kept that close a tally, but I'm guessing about 20-25 emails must be my most complex sales deal. The amount of effort sadly doesn't correlate to the amount of return very well - some of the most hard to manage clients have been those buying relatively cheap names...

    On the buy side, probably no more than 10 emails for any one name (although there's one I've still not got where I'm up to at least 20 emails I'm guessing, over several years).
     
  7. Pred United Kingdom

    Pred Well-Known Member

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    never goes into double digits for me whether buying or selling
    people who pay the least generally the most emails I find
     
  8. namestrands

    namestrands Active Member

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    Any more than 10 starts to cut into my profit margins. I will negotiate longer if the buyer is not using a free email address though.

    Free email address users the sale goes like this:

    Buyer: I need a domain for a personal project and found that you are not using yours. Would you be interested in selling it?.

    Me: (Bearing in mind that the price is on the site where the domain is parked) - Thanks for your interest, however as this is for a personal project, I suspect that you cant afford it. You should try ebay.

    Buyer: I can offer £20, that is more than you paid and you are not even using it.

    Me: For pocket money domains you really should try eBay. We only deal with premium organisations who understand the value of brand and are serious about their companies future on the internet.

    Buyer: I am interested, would you take £1000 for it.

    Me: Ask yourself how much would you pay for this domain if your best competitor bought it. Perhaps 6 months or a year from now you will see this domain on a website turning over hundreds of thousands, and you will be kicking yourself knowing that it could have been you with all the nice cars, girls and lovely home. Understand that we don't just sell domain names we sell futures. If you are coming to me with such poor offers then what would you do in my position?

    I dont want to waste either of our time here, have a think about it and come back to me with something closer to the asking price of £10k and then can discuss it more.

    If it is out of your budget then dont be afraid to say so, not everyone can afford premium names, its nothing to be ashamed of.

    Buyer: Would you take my BMW in part exchange..


    === TRUE STORY ===
     
  9. BREWSTERS United Kingdom

    BREWSTERS Well-Known Member

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    Did you take it? If not, why not?
     
  10. tifosi United Kingdom

    tifosi Well-Known Member

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    Had one for a sale to a european company, and the things they wanted from me... documentation, vat, company reg, inside leg etc was astonishing. Only a low-end xxx deal as well. Most of the stuff was irrelevent for uk purposes and to them as well, they were treating me as if I was a subbie for them. Over 20 emails over 4-5weeks!

    In the end I told them effectively to put up or shut up... here's my payment & transfer details. If you want it sort it. Went through in a day!
     
  11. Pred United Kingdom

    Pred Well-Known Member

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    funnily enough the most straight forward buyers I have had are French and Italian out of Europe
    bang. straight in with good offers, no invoices needed and int. bank transfers

    sarciest twats def the British and usually tightest

    actually, cancel that. Germans tightest.
    even when ceo of large corps dealing direct, amazing how tight
    two word generic com. in the end he said they registered same domain with a d in front to save cash. LOL

    however always polite and professional
     
  12. diablo

    diablo Well-Known Member

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    My favourite lines from potential buyers are:

    "My boyfriend's initials are WLTM and Iwould like to buy wltm.co.uk for his birthday . . . "

    and

    "I do a fair bit of website stuff so I know a domain name isn't worth a great deal."
     
  13. grantw United Kingdom

    grantw Well-Known Member

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    "I've spoken to my accountant and he says it's overpriced so I'm backing out of the deal" :)

    Grant
     
  14. Pred United Kingdom

    Pred Well-Known Member

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    LOL!

    I will have a trawl through later when I get a chance as have some unreal quotes in old emails
     
  15. namestrands

    namestrands Active Member

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    I had some guy send me a picture of him in a hospital bed telling me that he has been in a coma for 2 years and the domain expired and he wants it back and that I should look deep inside and thank god for my health, and hand the domain back. (from Florida, US)

    However the domain was owned by a company in Germany previously.

    So I sent him back a picture of someone standing next to a Rolls Royce drinking champagne saying, well I don't know who to thank, but this domain is making me rich.

    (I later sold it for £500 to a company in Germany - not the same one)
     
    Last edited: Oct 29, 2011
  16. Edwin

    Edwin Well-Known Member Exclusive Member

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    So true - got almost exactly that response yesterday from a would-be buyer getting cold feet when I chased them to find out where their payment was.
     
  17. namestrands

    namestrands Active Member

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    My accountant fears my accounts each year as they have no idea as to how the industry works, despite working with them for 4 years now. Hell I still don't understand it and I have been at it since 1998
     
  18. Edwin

    Edwin Well-Known Member Exclusive Member

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    Newbie :mrgreen:
     
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