Your 1st domain acquisition attempt might be your last

If you’re actively acquiring domains, take notice.

As an active domain investor, I dislike both lowballing attempts, and time-wasting scenarios that do not complete within a reasonable amount of time.

Acquiring a domain name isn’t science. We both agree on a price, and move forward with escrow. It’s as simple as that.

Things become complicated when an inquiry is made on the assumption that the money offered is sufficient, when in fact it’s chump change. That, on top of stretching out negotiations to ‘consult with a client’ or to ‘talk to a partner’ or to research ‘trademarks’ are deal killers.

When getting in touch with a seller for your ‘dream domain’, keep in mind that your initial approach and price offered, can be your last.

If you get on the wrong side of the seller, they can potentially block you from any further negotiations. As a domain seller, I do that all the time when the other party displays ample amounts of ignorance on domain negotiating.

To avoid being blocked off by sellers, keep this short guide in mind:

  • Always provide full contact info, not Bleebr0x78; it’s not a secret that sellers will be conducting background checks on you.
  • Place an offer that would pique the seller’s interest. It’s their property you’re buying, not a plastic ring from a gift shop.
  • If they reject your offer, ask them what price would make them sell the domain; you might be pleasantly surprised.
  • Never use trickery to involve imaginary partners or clients in your inquiry. A seller wants to talk to the person that will be paying for the domain.

Comments

  1. Leonard Britt says

    There are still lots of folks that view domains as $10 items. A couple months ago we were looking for an apartment in West Palm Beach and since some condos get rented via real estate agents, we visited a local agency. We were told that we should expect to pay between $2000 and $3000 monthly for a one-bedroom in the City Place area. Interestingly, the domain name that agency uses to market their business is several words long with hyphens between each.

  2. Leonard – As usual, the real estate analogy delivers plenty of lessons!

  3. I cannot stand low ball offers. I find that even when you spend so much energy in educating the buyer they still determine value relative to only what they choose to see.

  4. Nikoya – One does not have to spend time or energy educating a buyer who is either inept understanding, or intentionally lowballs.

    Pricing is only a part of an exchange that may hinder a sale, due to the buyer’s failed approach.

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