hen buying a domain name my offer today and who knows how
you must determine what long it would take to find
you are willing to pay another buyer for more money,
BEFORE you start the right?
negotiations. I think this is an
obvious "rule" but I have to For the .biz domain name I did
remind myself of this every time the same thing. I submitted an
I attempt to acquire a new domain offer for the minimum bid amount
name. (keep in mind that based on my
knowledge of .biz values the
Just yesterday, I found two offer we submitted was more than
domain names that a client of fair). The response came back
mine would like to use for his with a counter-offer that was 15
business website. Both are times higher than the suggested
available and "parked" at Sedo minimum bid amount! I did respond
with a "minimum bid" listed on back to the seller with a
the pages. One is a .com and the slightly higher bid (which is the
other is a .biz (different names upper limit for what this .biz
for each). domain should sell for based on
current .biz sales) and stated
I submitted a bid for the .com this was my final offer and that
extension at the suggested if they wanted to sell today I
minimum bid amount and the seller would pay this amount. I doubt
responded with a nice email they will even respond back to
accepting the offer and we are me. To me this is just bad
going to purchase this domain business... if you want big $$$$$
(this is how it is supposed to (note the number of digits they
work, right?). Could the seller wanted) for a domain name you
have held out for more? Maybe... should price it accordingly
but he was guaranteed a sale with upfront and not try to "bait"
buyers in hopes they will try to http://www.domainphilosophy.com/d
"win" the purchase after you get omain_philosophy/2006/06/domain_s
them started bidding. ales_ye.html). Then, decide for
yourself the maximum YOU are
The point of this story is... do willing to pay for the domain. If
some research and find out the a seller pulls the "bait"
value of a domain name based on technique I would walk away and
recent/similar sales (reference find a different domain name to
my post on Domain Sales - Year to purchase.
date data 2006 plus all-year data
for 2005 and 2004
About the Author:
Ron Gallagher operates his web-based development business (http://www.ROAT.com) and writes a blog titled Domain Philosophy (http://www.DomainPhilosophy.com). Writing articles about domains has allowed my blog to become a FAQ on tips, tricks, and ideas on how to acquire your best domain name.
Read more articles by:
Ron Gallagher
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