Posts Tagged ‘This negotiation turned into successful sale’

This negotiation turned into successful sale

Hello and Assalamo Alaikum,

There have been many times fellow domainers ask about how I negotiate and what messages were exchanged in the entire communication. As everyone knows that most leads don’t end up successfully but let me share one of the recent successfully completed sale in which I’ll include the communication from beginning till the end. But just for the privacy of domain buyer, I’ll exclude domain name and buyer detail.

Inquiry came in via Uniregistry lander on 7th April 2019 and concluded on 16th April 2019.

Buyer: I am interested in your domain depending on price.

Me: I gave price quote of $4888 and won’t share the exact template I usually use.

Buyer: OK thank you; my budget is $3,000. Do you have other domain in that range that are unique? I am trying to think of a new business name that also has a domain available at the $2K to $3K price range.

Me: Thanks for your offer of $3000 which is appreciated. 

We’ve hundreds of domains which fits your price range but below are some of them for you to check: 

Here I gave around 10 brandable domains to check if he is interested in any of those.

If you like any of the above name, let me know. Or please mention specific keyword/niche so I’ll check in our portfolio which fits your need.

Buyer: OK thanks, none of those would work. I am looking for words that relate to nature (water, trees etc).

Me: Thanks for sharing. Below are some names which will fit your requirement but few are above your budget.

Here I listed around 10 domains related to water/trees.

Buyer: Too expensive for me. 🙂

Me: Yeah, I can understand. However, if you like to proceed with the purchase of xxxxxxxxxx.com, let me know.

Buyer: Thanks. I have up to $3K for a domain for a new business, name is TBD based on domain. I like xxxxxxxxxxx.com best but I cannot afford.
xxxxxxxxxxx.com is my 2nd pick so far and more reasonable for me. I own a domain www.xxxxxxxxx.com. If I can include that domain in a deal to close the gap I would consider. This was going to be my company name for many years but since i bought it long ago several new companies have come out with similar names like www.xxxxxxxxxx.com etc.

Me: Thanks for sharing your thoughts.

No matter you buy domain from me or elsewhere but I’ll give you honest suggestion. Using xxxxxxxx.com is confusing and three word domain. To cover up the typo/mistype traffic, you must have xxxxxxxx.com as well so there won’t be any leaked traffic. However, the best for sure is xxxxxxxxx.com and we’ve declined several decent offers to date on this one. But it looks like xxxxxxxxxxx.com could be the best match specially for you considering the budget.

In order to make a quick and fair deal, we would sell it for $4500 only.

What do you think?

Buyer: I appreciate your offer. That price is too high in my opinion looking at market value as well as value to me, however good for you if you can sell 
it for that much. For a purchase price of $xxx thats a great return. I am going to keep monitoring DropCatch for some other options. Good luck, if you look at your value/return again and decide you’re interested to transact, my email address is xxxxxxxxxx@xxxxxx.com.

Me: I can understand your point but purchase price doesn’t matter when selling any domain.

Thanks and wish you all the best in your endeavors.

Buyer: Thank you, I agree purchase price does not matter, just noting fantastic return. Congrats on your success I saw you sold symphony.com that is pretty cool. Best of luck.

Me: Thank you very much.

It’s unfortunate the deal didn’t go through but let me tell one thing, you’re a nice gentleman.

Buyer: Hi AbdulBasit, I appreciate your note. I have been looking around and still like this domain the best. I would purchase for $4,500. Let me know how we proceed.

The buyer knew how much I paid for the domain, most probably using NameBio and found out I acquired via DropCatch. It was good to see he understood that purchase price really doesn’t matter when selling a domain.

Also make sure one should never get upset if someone says you paid xx and now asking $xxxxx for it. Buyer always try to get the best deal and seller wants as maximum as possible.

It’s part of business so be prepared for everything coming your way. In short, always be nice with everyone.

Feel free to share your experience and/or if you like to give any feedback on the above negotiation.