I’ve been using the InternetTraffic platform for a few weeks now and in terms of receiving offers on domains I have gotten as many offers over about 2 weeks that it took me 3 months to get via Sedo when I was with them. The orange banner at the top is key, and it is a great call to action to help people identify that this domain is for sale, unlike Sedo’s little sentence that is blended in with everything else on the page. Even though I have received increased offers I have not made a sale yet using the platform so I can’t speak to ease of use on that front, but I’m sure I’ll get one in the next few weeks or less. Here is today’s list…
Today’s list is the most popular upcoming auctions on Namejet. I hate putting up a list without adding comments but in a time crunch today. We’ll be back to our regularly scheduled Top 11 selections and my oh so witty commentary about them tomorrow.
How are you handling lowball offers? Do you reply back with your asking price? Are you getting counter offer after that?
@Richard
It really depends on the domain name. I categorize my domains into different buckets and the way that I handle each bucket is unique. For my top tier domains I tell them that their offer is not even worth countering. In my opinion this lets them know to either bring a real offer or get lost. In my bottom tier bucket I will give them a price that I’m looking to get. I would price the domain maybe 25% above the lowest number I’d take, this way I can give some concessions if we go back and forth. People want to feel like they haggled you down, so give yourself some room to let them accomplish that. And in my middle tier bucket I evaluate the domain name, how many offers I’ve had on it, how easy I think it is to move it, and if it is something that I think I could be stuck with for 5 years and I don’t love it then I’ll throw out a number, otherwise I’ll give them a clue of the range I’m looking for through a comment like “you going to need to add another zero” or “you’re a few multiples off” or something along those lines. And to be clear, these are all when responding to lowball offers.
Sometimes I get a counter, sometimes not. If the person is a lowballer in general then no matter what you say you won’t get them to pay up.