Domain Magnate

I had an interesting buying experience recently. I wanted to purchase a certain domain and inquired about it, the owner responded quickly saying that he “gets offers for it frequently and also has plans to develop it, however $10k would convince him to sell.” - a good reply you’d expect from a domainer.

That was quite above what I was going to offer, however I decided to try my luck and replied that my max offer is $1500 - which is a good market price for the domain. Of course I had little expectation from this since he made it pretty clear before that only $10k would make him part with the name. However surprisingly just a few hours later I received a reply saying that he’s ready to sell it for $2150..

That was still rather expensive, so I asked if he had any traffic stats for the domain - few days later he said no and lowered the price further to $1800. We exchanged a few more emails and eventually settled on $1600, with me paying the escrow fee.

In most cases, from my experience, if someone wants x for a domain, he’s not likely to agree on just about 16% of that amount. But you can always present your highest offer and make him choose. He might not get a higher offer for a while, so there is a good chance you might your sale.

Don’t give up easily.

Tags: domainer, escrow fee, expectation, good reply, moral of the story, traffic stats

This entry was posted on Friday, August 8th, 2008 at 2:38 pm and is filed under Opinions, Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.