Comments on: How I sold a domain I did not own http://www.skydomains.com/domain-talk/how-i-sold-a-domain-i-did-not-own/ Frank talk by an everyday domainer Wed, 01 Feb 2012 19:15:30 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dutch Boyd http://www.skydomains.com/domain-talk/how-i-sold-a-domain-i-did-not-own/comment-page-1/#comment-716 Dutch Boyd Thu, 26 Feb 2009 15:35:46 +0000 http://www.skydomains.com/?p=474#comment-716 I completely agree with you about the need to negotiate EVERY offer you get. Pretty important concept I remember learning back in my Negotiation classes in my former life as a law student. It doesn't matter how great the domain is... here's the scenario that plays out in my mind. Me : "Mr Domainer, I noticed that you own Pets.com and SBA.com... would you be interested in selling them?" Owner : "Sure... what price are you offering for the pair?" Me : "Well, I can offer fifteen thousand dollars for th-" Owner : "SOLD!" Like you said... I'd suddenly be hit with a very strong sense of buyer's remorse. It's especially true of domain names, because most of the time the buyer doesn't have a clue of what a domain is actually worth... they just want to get a good deal. And often the only basis they have for determining whether they got a good deal is the difference between the sale price and your initial offer. Nice post. I completely agree with you about the need to negotiate EVERY offer you get. Pretty important concept I remember learning back in my Negotiation classes in my former life as a law student.

It doesn’t matter how great the domain is… here’s the scenario that plays out in my mind.

Me : “Mr Domainer, I noticed that you own Pets.com and SBA.com… would you be interested in selling them?”

Owner : “Sure… what price are you offering for the pair?”

Me : “Well, I can offer fifteen thousand dollars for th-”

Owner : “SOLD!”

Like you said… I’d suddenly be hit with a very strong sense of buyer’s remorse.

It’s especially true of domain names, because most of the time the buyer doesn’t have a clue of what a domain is actually worth… they just want to get a good deal. And often the only basis they have for determining whether they got a good deal is the difference between the sale price and your initial offer.

Nice post.

]]> By: DN Technologies http://www.skydomains.com/domain-talk/how-i-sold-a-domain-i-did-not-own/comment-page-1/#comment-712 DN Technologies Thu, 26 Feb 2009 11:16:39 +0000 http://www.skydomains.com/?p=474#comment-712 Nice story Charlie. I actually had a similar thing happen also. I owned a LLLL.net domain which I sold at a profit to a reseller for low $XX. I then had an offer on it from an end user for low $XXX. I contacted the person I sold it to offering them twice what I sold it to them for. I haggled my potential buyer up to mid $XXX and got the money in my bank. I was happy with a much greater profit then I made originally selling it, the person I sold it to was happy being able to make instant money on the domain selling it back to me and the buyer was happy getting the domain they wanted :) Nice story Charlie. I actually had a similar thing happen also. I owned a LLLL.net domain which I sold at a profit to a reseller for low $XX. I then had an offer on it from an end user for low $XXX. I contacted the person I sold it to offering them twice what I sold it to them for. I haggled my potential buyer up to mid $XXX and got the money in my bank. I was happy with a much greater profit then I made originally selling it, the person I sold it to was happy being able to make instant money on the domain selling it back to me and the buyer was happy getting the domain they wanted :)

]]> By: Frankie Aladi http://www.skydomains.com/domain-talk/how-i-sold-a-domain-i-did-not-own/comment-page-1/#comment-711 Frankie Aladi Thu, 26 Feb 2009 10:05:47 +0000 http://www.skydomains.com/?p=474#comment-711 Jeff, I was no good at algebra either. In these case I was hoping it means half of a 100 which will be 50 That means the final price could be 150, 250, 350, 450, 550,...... 950. Jeff,
I was no good at algebra either. In these case I was hoping it means half of a 100 which will be 50
That means the final price could be 150, 250, 350, 450, 550,…… 950.

]]> By: Jeff Jones http://www.skydomains.com/domain-talk/how-i-sold-a-domain-i-did-not-own/comment-page-1/#comment-709 Jeff Jones Thu, 26 Feb 2009 02:45:52 +0000 http://www.skydomains.com/?p=474#comment-709 Too funny! Good thinking on your part. What does the "x/2" mean? I never was good at Algebra! : ) Thanks for the laugh. Too funny! Good thinking on your part. What does the “x/2″ mean? I never was good at Algebra! : )
Thanks for the laugh.

]]> By: Stevie http://www.skydomains.com/domain-talk/how-i-sold-a-domain-i-did-not-own/comment-page-1/#comment-708 Stevie Wed, 25 Feb 2009 19:54:25 +0000 http://www.skydomains.com/?p=474#comment-708 Funny you wrote about this topic, i'm just about to close on a deal for mid $xxx for a name i listed at sedo that expired over 1 year ago, regged it again and moneys in my account now :) It was a BIN listing so cant really counter :) The names not even that good, ofcourse to the buyer it is, but i let it expire. all's good now :) Funny you wrote about this topic, i’m just about to close on a deal for mid $xxx for a name i listed at sedo that expired over 1 year ago,

regged it again and moneys in my account now :)

It was a BIN listing so cant really counter :)

The names not even that good, ofcourse to the buyer it is, but i let it expire.

all’s good now :)

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