I’m pretty sure most domainers underestimate the importance of following up, hope this post represents a good reminder. Let’s assume End User 1 made an offer for DomainABC.com 9 months ago but you declined it and he wouldn’t budge, let’s also assume that End User 2 made an offer for the same domain 3 months ago and that End User 3 made an offer you’re tempted to accept a few days ago, after a back-and-forth negotiation.
Before accepting the offer End User 3 made, don’t forget to contact End User 1 and End User 2, in other words the people who made offers in the past. Things change, circumstances change and at the end of the day, what do you have to lose?
Make them bid against End User 3.
Maybe one of them will make a higher offer, maybe not.
If not, you didn’t really lose anything aside from the minute it took you to write an email.
If one of them makes a higher offer, it could get interesting because once 2 motivated buyers start bidding against each other, you never know what can happen.
That’s it, just a friendly reminder: don’t forget to follow up 😉
January 15th, 2013 at 7:50 pm
Thanks for this reminder.
Btw, is there any particular way you typically follow up with end users? email or phone?
January 15th, 2013 at 11:34 pm
If the end-user 1 and 2 takes more time to reply than may be the current end-user 3 disappear if not responded in timely manner.
January 16th, 2013 at 12:53 am
@Jen and Abdul: if you have valid reasons to believe that End User 3 will disappear (analyze your email conversation to determine just how motivated the end user in question is and if you’re an experienced domainer, trust your instinct as well), you can contact the other end users via phone to ensure you don’t have to wait for a response. Otherwise (and in most cases, this is the approach domainers end up choosing), email.
January 16th, 2013 at 5:29 am
That’s correct Andrei. Thanks for the explanation 🙂
January 16th, 2013 at 11:10 am
Hi Adrei,
Really appreciate this info.