Domain inquiries : Coming back to buy the domain

Engaging with a potential buyer doesn’t always result in a sale, but domain names that get renewed continue to work their magic in that person’s mind.

In other words, inquiries that end due to a difference in pricing, often get a second chance at a later time, sometimes at a price considerably higher than the original quote.

An inquiry I received two years ago had arrived with a $80 dollar offer that I would never consider in the first place. My quoted price in the low four figures was met with a response indicating that they’d be getting a different domain.

From experience, when an inquiry arrives it’s truly focused on that particular domain exclusively, and the old game of “I have alternative options” is not really a true statement. A seasoned domain investor holds onto domains despite pleas, negative statements, or even threats. When the time comes, that domain will sell.

So two years forward, the same person agreed to pay mid four figures for that same domain he didn’t grab the first time around, and this time he did so without much of a “complaint” about the price.

What might have caused this change in attitude?

The economy might seem confusing right now, with millions of people out of work, but then again online working and home based work in particular has increased the need for quality domain names. Domain prices are actually going up, not down.

In that sense, people appreciate the value of quality domains, and budget up for them, as opposed to treating domains as a disposable asset that can be acquired for a few bucks. There’s plenty more information out there about the value and the process of getting domains in the aftermarket.

The transaction completed quickly on Uniregistry, using its automated checkout escrow system. I’m glad that Uniregistry – a GoDaddy company – continues to provide an excellent service for self-brokering, and for assisted brokering sales as well.