Domain buyers claiming to have ‘alternate options’

Nothing is more precious than time.

It’s the one thing that eventually runs out, and we need to be in constant control of, doing the things we like, need and want.

When domain inquiries arrive, I can tell from the get-go whether they are serious, or have potential, as opposed to being time-wasting pings make by curious individuals.

Inquiries that don’t include full names, or a contact number, go to the B-List; once perused further, these are either passed to a domain broker for further drilling, or are ignored. Some, get blocked, particularly if the initial exchange contained outrageously low offers, or even insults.

Another class of time-wasters are those parties that early on, or during the communication exchanged are alleging they have ‘alternate options’.

Such claims are laughable at best, as they indicate inability to form a solid decision prior to coming up with a solid offer for the best domain there is.

Recently, I mentioned how this seems to be a part of a larger group of inquiries that invent obstacles along the way, in order to extract a lower selling price. Be wary of these ‘highly interested’ parties that lead you on by means of a monetary carrot, only to drop the ball when you point out that they never made a commitment within your expected timeframe.

I give most  parties three business days to display solid interest in a domain name available for sale or lease, including making an offer that is within my anticipated range. When I hear the words that “we are considering 3 alternate domains”, I send a quick note that the number has just been reduced by one.

Saving myself time and aggravation is as important as the selling price that I expect for my domain assets.

Comments

  1. Leonard Britt says

    Actually they do have options as four-word hyphenated alt TLD versions can always be created for reg fee. However, if you own prime real estate you don’t need to cater to low-budget shoppers. Going back to the real estate agent who said I should expect to pay $2k to $3k monthly for a one-BR apartment. I did find something below that range but since she earns a commission and probably pays high rent for office space in downtown WPB, she likely has made the decision to not spend time on low budget shoppers – not worth the time. The fact they use a four-word hyphenated domain seems illogical to domain investors but illustrates how far removed the industry is from mainstream thinking.

  2. Leonard, whether they have secondary or further options is irrelevant. The fact that they attempt to use this statement as a bargain strategy is where I draw the line, in order to save myself time. Obviously, they can register lots of other TLDs, gTLDs, ccTLDs, or even Facebook. But not on my time. đŸ˜‰

  3. don’t let them fool you, you got those suckers right over the barrel

  4. My favorite is when a domain broker says “estibot ” values your name at xxxxx, so that’s the market price.

    My comment. Have your client buy the name from estibot.

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