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Categorized | Domaining Tips

“I’ll Just Contact the End User Later On If I Change My Mind”

Posted on 22 April 2014 by Andrei

This is a dangerous approach in my opinion and at least based on my experience, one with relatively poor results. A lot of domainers make the mistake of thinking that an end user who is motivated to buy today will still be interested in the future.

In other words, they end up thinking that since they’re not thrilled about the end user’s final offer, they can just let a few weeks or even months go by because hey, they can always contact the end user again later on and accept his highest offer.

Right?

Not quite :)

Unfortunately, end users tend to move on and the likelihood of a scenario such as the one I shared today unfolding is low. Maybe they ended up buying another domain and possibly even launching their project… case closed.

Maybe they bought a lower value domain and didn’t launch the project yet, in which case there may still be a chance but all in all, most end users tend to move on.

Am I saying you should accept offers you’re not satisfied with?

Of course not.

I’m simply saying that if you choose not to accept the end user’s final offer, you should acknowledge the fact that the opportunity to sell to that person is for the most part gone. A strategy that’s built on another assumption is in most cases flawed in my opinion.

Now sure, there are end users who might still be interested next year and beyond but those are exceptions, definitely not the norm. Put yourself in that person’s position and you will understand why most end users simply move on.

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2 Comments For This Post

  1. Andrei D. Says:

    This is what happened to me. I had an offer of $8k for FlexiCloud.com.
    I DidnĀ“t accept and now 1 year later the buyer bought something else.

  2. Jay Says:

    If domain investors get an offer for brandable style domain it is best to negotiate the price as high as they can in a friendly manner and then sell because the buyers creative people might have another idea for a new product/new service name and spend the budget to buy somebody elses domain if things are too complicated with the original naming option.

    When it comes to more premium names the domain investor who sells at the first “final offer” leaves money on the table.

 
 
         
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