Nerves Of Steel

[retired_member6]

Is it normally murder waiting for the buyer to get back to you? it's been 24 hours and I've already asked if they received the last email.

 

[retired_member6]

Is there an art to negotiation, how do you do it? just offer a price and not budge, do you decrease as much as they increase? I thought I was doing ok but haven't heard from them for 24 hours. They're making me sweat right? I think I got too cocky. I'm sure I could have got more but I bottled it.

 

[ratboy]

Decide a price you are comfortable with. i.e. do you actually want to sell? Then make sure you don't be stupid and say too much, read this forum and you'll get an idea what people are prepared to pay.

One site to see is : www.fcdomains.co.uk for pricing ideas, he sells all his names eventually. Whereas the person asking a couple of million for a crap name will still be there come re-reg time.

Negotiating is hard. Be polite, be bright and not cocky. At the end of the day they also want to know the transfer process will be done quickly and properly, so even a slightly high price but a reasurrance of your knowledge of the transfer process might just help the sale go through.

 

[retired_member6]

I'm thinking I should have took their last offer, I just don't like waiting for responses by email, I should have done it by phone. I'll learn, I'll probably lose out this time. I don't think it'll do any harm me saying what I've done so far.

Their initial offers was £250, I replied with £2380. That got a reply of £675, I lowered by a great deal to £1525 once I knew they were starting to get serious, even though my initial offer was low. That got a response of £950, I stated a final price of £1235.25 but since then nothing.

Oh well, hopefully tomorrow I'll see a response. So far I've lost a grand, which they could certainly have afforded.

 

[ratboy]

I'd look at it this way. You (i think) have a name you bought for a fiver and your selling it for more than a grand.

TAKE THE MONEY MAN!!!!!

Probably your biggest mistake was the huge price you went back with, then how easily you dropped the price, giving the impression that the domain is not valuable to you.

 

[retired_member6]

Well I'll let you know why I did lower the price, after I make the sale. As I dropped so much it might be worth taking the £950.

 

[FC Domains]

What's needed are nerves of steel, a knob of butter and a pinch of salt.

 

[retired_member27]

I guess from your post that you would have been happy with £1000. So what I would have done is first said £1200 and then dropped it to £1000 to show willingness, plus always specify that the buyer pays the Nominet transfer fee with the very first email.

 

[Nigel]

If the bidder is really serious about your domain you will hear from him again. If not, move on, and forget about it. Agreeing a price is only the first hurdle anyway, payment is more important and there are so many bogus buyers these days that you can't get too stressed about any sale.

 

[retired_member6]

It's not worth haggling £200 as I've dropped a grand as it is. I've just sent an invoice out for their offer amount. I'll see what the response is tomorrow. Thanks for the chatter, this has been doing me head in all on me jack jones.

 

[retired_member6]

They haven't even the decency to reply to emails now, reading them but no reply. Oh well, second time hopes built up, third time lucky eh. The bleeding ignorance and rudeness of people.

 

[rob]

Did they agree to the new price?

I mean if I had made an offer but then told they were only accepting £1k more etc then recieved an invoice for my inital offer it would seem a tad odd

 

[retired_member6]

I took the £950.00. If I was after buying something and the seller agreed to my last offer I'd be happy. I didn't just send an invoice I sent text explaining as well. I'll spend time tomorrow and try and sell it elsewhere. It's my fault I shouldn't have 'read receipts' turned on, ignoring emails I can take, seeing them ignored well that's another thing entirely, that's just plain sodding rude.

 

[Nigel]

Rob's right - if you rejected the offer of £950 by then asking for £1200 then the £950 they offered is history and I'm not really surprised if they have ignored an invoice or emails. You've got to move on and forget about this. You've still got your domain and you might even get a better price one day.

 

[retired_member6]

Fair enough, I just didn't think people were that rude. It's not often I live in the real world so maybe there is.

 

[rob]

First up, dont get me wrong, I am not trying to have a go at you, but I think chilling out on the negociations could help out

eg. They ask £250 you reply £2380, once I reply that I would forget about it as the opening price is not huge and if they want it they can do the leg work.

First 'mistake' in my eyes was to chase it up within 24hrs! Chuck them an email a few days / week later and ask if they are still interested , but not within a day!

They came back with £675, so starting to get worthwhile, then you dropped a grand - Mistake #2 !

They then went up to £950 , which you replied with £1200 + transfer fees.

You have to remember you dont know the circumstances, there may be someone else who has to clear or sign off on a purchase over a certain amount. They could reply explaining this, but buying a domain may not be their top priority.

Likewise invoicing their £950 despite them not coming back to you , possibly mistake #3

You have gone down nearly 1.5k in price in a couple of days, and invoiced on a lower amount etc. To me as a buyer that would make me think you are gagging for a sale so could accept less in the future.

Things can change depending on the buyer and circumstances, but at the end of the day the domain is yours and they can not have it so as long as your valuation is not wild usually a deal can be reached

Hope this helps!

 

[rob]

They then went up to £950 , which you replied with £1200 + transfer fees.

Incidently, did you say £1235.25 or say £1200 + transfer fees?

One thing to bear in mind is if the buyer does not know about domains and transfers they could think the extra £35.25 is you being very anal rather than valid fee on top!

 

[retired_member6]

I did do the latter half wrong, nevermind.

 

[paymatters]

The buyer is as nervous as the seller! I'd never chase a reply.

 

[paymatters]

Also once you lower your price once you have set a precident and they know you will negotiate. You will never sell it for the price you have lowered it to! If you say a price and stick to it the buyer will believe your valuation is based opn something more tangible! Maybe budge a little at the end so they feel they've had some success.