{"id":2290,"date":"2012-04-18T12:24:53","date_gmt":"2012-04-18T16:24:53","guid":{"rendered":"http:\/\/acro.net\/blog\/?p=2290"},"modified":"2012-04-18T12:32:06","modified_gmt":"2012-04-18T16:32:06","slug":"you-might-get-1-billion-dollars-and-heres-how","status":"publish","type":"post","link":"https:\/\/acro.net\/blog\/you-might-get-1-billion-dollars-and-heres-how\/","title":{"rendered":"You might get $1 Billion Dollars – and here’s how!"},"content":{"rendered":"

If you don’t ask, you won’t get<\/strong>. It’s simple as that.<\/p>\n

Every offer on a domain that you own is tied to your response. You control its sale and whether you will make money, or not.<\/p>\n

As I said in the past, using buy it now pricing at Sedo might work for some – if they are comfortable with how they priced the domain at the time of its listing.<\/p>\n

It does not work for me; negotiation is the key.<\/strong><\/a><\/p>\n

Not every negotiation will lead to a sale. One has to be a confident domainer and utilize experience along with the proverbial ‘gut feeling’ when negotiating with a potential buyer.<\/p>\n

Back to the $1 billion dollars.<\/strong><\/a><\/p>\n

Apparently, Instagram<\/strong> – the image processing and sharing service that was sold to Facebook for $1 billion dollars – didn’t just get that number as a ‘gift’. The Instagram CEO, Kevin Systrom, originally asked for $2 billion dollars.<\/strong><\/p>\n

Systrom negotiated, perhaps overly-confidently, and thus eventually ‘trimmed’ his asking price down to $1 billion dollars. For an 18-month old start-up, that’s still a lot of money.<\/strong><\/p>\n

When dealing with a potential buyer, hidden behind anonymity or not, you are in control of your profit<\/strong> and negotiating the price is mandatory.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you don’t ask, you won’t get. It’s simple as that. Every offer on a domain that you own is tied to your response. You control its sale and whether you will make money, or not. 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