{"id":5332,"date":"2017-04-20T11:12:57","date_gmt":"2017-04-20T15:12:57","guid":{"rendered":"http:\/\/acro.net\/blog\/?p=5332"},"modified":"2017-04-20T11:30:07","modified_gmt":"2017-04-20T15:30:07","slug":"domain-negotiations-dont-compete-against-yourself","status":"publish","type":"post","link":"https:\/\/acro.net\/blog\/domain-negotiations-dont-compete-against-yourself\/","title":{"rendered":"Domain negotiations : Don’t compete against yourself"},"content":{"rendered":"

Quite often, domain inquiries kick-start the negotiation process, when the price quoted isn’t within the buyer’s budget.<\/p>\n

One thing to remember, after that initial price quote, is this:<\/p>\n

Do not compete against your own quote.<\/p><\/blockquote>\n

The practice is common: the other party indicates the price quoted for a domain isn’t what they had in mind. They proceed asking you to lower it, sometimes to a lower figure class, e.g. from five to four figures, or lower.<\/p>\n

That’s not how negotiations work, however.<\/p>\n

By issuing a secondary quote, you are competing against your own self.<\/p>\n

Don’t do that, or the process is going to be repeated as if it’s a Dutch auction.<\/p>\n

The ball is in the other party’s court, and their offer will determine the outcome of the negotiation.<\/p>\n

If they counter too low, game is over.<\/p>\n

In a nutshell: if you must quote a price first, keep in mind that the other party might not like it – they still have to indicate their ability, or lack thereof, to buy the domain at a price that you determine.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quite often, domain inquiries kick-start the negotiation process, when the price quoted isn’t within the buyer’s budget. One thing to remember, after that initial price quote, is this: Do not compete against your own quote. The practice is common: the other party indicates the price quoted for a domain isn’t what they had in mind. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[811,1323,269,1189],"class_list":["post-5332","post","type-post","status-publish","format-standard","hentry","category-domains","tag-domain-investing","tag-domain-negotiations","tag-domainers","tag-domains","entry"],"yoast_head":"\nDomain negotiations : Don't compete against yourself<\/title>\n<meta name=\"description\" content=\"Domain negotiations : Don't compete against yourself\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acro.net\/blog\/domain-negotiations-dont-compete-against-yourself\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Domain negotiations : Don't compete against yourself\" \/>\n<meta property=\"og:description\" content=\"Domain negotiations : Don't compete against yourself\" \/>\n<meta property=\"og:url\" content=\"https:\/\/acro.net\/blog\/domain-negotiations-dont-compete-against-yourself\/\" \/>\n<meta property=\"og:site_name\" content=\"Acro.net - 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