A tip to convince buyer for your domain name

Hello and Assalamo Alaikum,

Last year I sold a domain through DomainNameSales.com and while dealing with the buyer in the entire transaction I learnt one new way of handling the buyer which will help a little more in convincing to buyΒ your domain name.

Let’s suppose after going back and forth during the negotiation process, buyer’s final offer is 15K and you are stuck at 20K. What I did was telling the buyer that “you wouldn’t be responsible for any additional fees either as I will cover the commission, Escrow.com fee, and all other associated fees.”

Now let’s pay attention what I wrote above… I will cover the Escrow.com fee and all other associated fees which both actually means the same in our business. But the buyers are not aware what all kind of other associated fees will be attached while I will be buying the domain.

I gave the above example which I used to conclude a deal successfully last year using the same trick. The only thing I changed was price above but the price difference was the same in my case!

There are plenty of inquirers and/or endusers of my domains reading my blog and when they will see this trick, they might get more smart in dealing but more important for me is to share whatever I feel is good and might be helpful among the domaining community. In short, you can call this mind game trick πŸ˜‰

Feel free to share whenever you use this trick and the after effects. Good luck!

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Tauseef
Guest
Tauseef

I think it’s a good tip. We need to be clear with the buyer and covering all fees signals the buyer that he/she will not pay more than what is asked for. I reviewed the Escrow.com and read there ‘buyer guidelines’ which talks about the fee buyer may pay in detail.

Omar
Guest

Hey Abdul,

I agree with what you are saying here. You are on point. I was giving this some thought and we are in the process of finalizing a deal with a buyer where we agreed to a 50/50 split in fees (they never questioned it from the start anyway). The way I see it is, as a seller why I am charging my buyer MORE to buy a domain name I am trying to sell to THEM anyway.

By assuming the costs for “all other fees” you are offering extra value in the eyes of the buyer.

Good tip Abdul.

-Omar

Krishna
Guest
Krishna

But, it may backfire if he/she says “I will cover all those if you sell for $15,000”.

anyway, good tip.

zamaan
Guest
zamaan

Hi basith,

what if the buyer wrote like this :

>>Escrow.com fee and all other associated fees
what do you mean ‘all other associated fees’ here?

Mike
Guest

love to hear more from you.

great share.

MohammedSameeruddin
Guest
MohammedSameeruddin

A good smart trick. Got a new point now. Thank you

AbdulBasit Makrani
Guest

Glad you like it and please update whenever you try this and what happens next πŸ™‚

Good luck bro!

Stu
Guest
Stu

It seems me and you do lots of battles over domains in auction LOL you run me up and i run you up, maybe cost us thousands per year LOL

Kaleel Seraje
Guest

Nice, useful article, Thanks Basit πŸ™‚

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