Domain Offer Laugh

[pberry4032]

I had my first offer (£10) on a domain through Domain Manage this morning so replied straight away and back came his response.... [emoji849]

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Dear xxxxx,

Thank you for your offer for the above named domain name, unfortunately your offer is quite a way below an acceptable offer.

Please feel free to re-offer.

Regards,

Paul

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It's a domain name. Not exactly any material value is there? Maybe you should tell me what you are looking for.

 

[Adam HAdam H is verified member.]

Minimum domain name offer option is your friend Think I set mine at £500 just to qualify the low ballers to actually being serious if they reply to an email after already making a £500+ offer.

 

[Bailey]

It's a domain name. Not exactly any material value is there? Maybe you should tell me what you are looking for.

Had plenty replies like that over the years. Even " for 'godsake man' it's only a string of letters"

 

[EdwinEdwin is verified member.]

Perhaps send them a few links, e.g. these...
http://www.webmastering.co.uk/domai...to-redefine-sea-level-in-domain-name-pricing/
http://www.webmastering.co.uk/domain-names/the-myth-of-the-domain-name-queue-of-one/
http://www.webmastering.co.uk/domain-names/deconstructing-domain-name-industry-math/

(It's not going to make them magically come back with an "acceptable" offer. But it might make them think, if they're not of the post-logic persuasion...)

 

[EdwinEdwin is verified member.]

Minimum domain name offer option is your friend Think I set mine at £500 just to qualify the low ballers to actually being serious if they reply to an email after already making a £500+ offer.

Although I'm sure you'll still get chancers who write in the comments something like "My offer is really £20 but I put £500 because the form wouldn't accept any less" - I've had stacks of that sort of thing over the years.

 

[martin-s]

Don't reply to low ball offers - it hurts the psychology of the sale. Instead, let messages go into a black hole, or send a "Your offer has been received and we will be in touch if we are interested in discussing it further" placeholder.

If you ignore them and they're serious, their only option to get your attention (or even to start a conversation about what the price *might* be) is to increase the bid.

By responding to low offers, you are validating their impression that any offer is worth your time and consideration.

 

[DomainManage]

Fyi. DM is shortly adding set minimum offer on indiviual domains and basic email verification.

 

[timter51]

Minimum domain name offer option is your friend Think I set mine at £500 just to qualify the low ballers to actually being serious if they reply to an email after already making a £500+ offer.

I was thinking of doing the same, but don't you think that gives the impression that you would accept £500? It's almost like "the minimum offer I would accept is £500".

 

[Bailey]

Indeed I agree , I would certainly be put-out if I 'offered say' the advertised minimum submit/offer , then somebody came back with 5 x that as their acceptable lowest

 

[MurrayMurray is verified member.]

Don't reply to low ball offers

What would you consider low ball? I've received relatively low offers and still made a sale price I was happy with

One that comes to mind is a £250 first offer and £4000 sale

Maybe the buyer would have come back to me with a higher offer if I ignored their first offer, but who knows

 

[martin-s]

What would you consider low ball?

How long is a bit of string? It'll depend on the name and your circumstances.

At least someone offering £250 shows some acceptance of "value", irrespective of the level of value.

 

[DomainManage]

As sellers you must be aware that not every low ball offer is a time waster. Some people have no idea of domain value.. and why should they

 

[pberry4032]

I went back and told him mid £xxx and got the reply 'so you want £500 then?' I said I would accept that price on this occasion and he wished me good luck in a roundabout way!


Sent from my iPhone using Tapatalk

 

[martin-s]

As sellers you must be aware that not every low ball offer is a time waster. Some people have no idea of domain value.. and why should they

If they didn't understand the value to their business, they probably wouldn't be looking to buy it

 

[MurrayMurray is verified member.]

How long is a bit of string? It'll depend on the name and your circumstances.

Yes, so is a £250 offer on a £4000 domain a low ball offer? I would say it is

 

[Adam HAdam H is verified member.]

Id say £250 is a little more telling than £50, it shows they are not expecting to pay a little over reg fee's and see it could be potentially valuable. £50 in my eyes is some hobbist or Kid that hates everything a domainer stands for because they cant get any of the domains they want.

 

[martin-s]

Id say £250 is a little more telling than £50, it shows they are not expecting to pay a little over reg fee's and see it could be potentially valuable.

Agreed

 

[Bailey]

Id say £250 is a little more telling than £50, it shows they are not expecting to pay a little over reg fee's and see it could be potentially valuable. £50 in my eyes is some hobbist or Kid that hates everything a domainer stands for because they cant get any of the domains they want.

Indeed, I've always found the best sales through those that have been most open and willing to discuss. probably because they're familiar with business negotiations - rather than domain values. I've also learnt over the years - People do like to buy off people they themselves like - even had a buyer give me/transfer $400 dollars more than I asked for as a thanks (Small-time one man business in the New York area) Site now active

 

[Adam HAdam H is verified member.]

Indeed, I've always found the best sales through those that have been most open and willing to discuss. probably because they're familiar with business negotiations - rather than domain values

They also have access to alot more data than we do for what types of domains are selling well ( through them ) and at what kind of values. Where in some cases I would probably let a domain go for mid-high xxxx values they are pushing high xx,xxx values so in my head, if they manage to pull that kind of sale off ( although few and far between ) then its worth taking that chance.

I've been learning alot from watching their brokers at work and the types of responses they provide to enquires and follow ups, that alone is worth while in my opinion from someone like myself who is very much a novice domainer with no premiums to my name

 

[Bailey]

I will add. It's amazing over the years how much markets shift, anybody quoting sales data from more than a year needs to get a grip on what's holding value and what's not. I've made plenty of mistakes myself, once had over 50* - 4 digit (number domains) .com and net let them all go about 12 years ago (most if not all of them were lovely number patterns)

* edited - was about 50 - they did all fit on one page. Could probably easily sell one today for the TOTAL cost of 12 years renewal fees. But hey The Chinese and the word Internet were never heard together back then