Some domainers consider that replying to lowball offers is a waste of time, what do you guys think? As far as I’m concerned, my gut feeling has free reign. If the lowball offer has a “clueless end user worth educating” vibe, then I copy/paste a short “domain values 101” template I put together a long time ago but on the other hand, if the email comes from let’s say “highschoolscotty1993@yahoo.com” and contains a $10 offer, replying would obviously be a waste of time.
I can confirm that turning lowball offers into sales is possible, I did it myself on more than one occasion but want to also make it clear that the domains in questions only sold for up to mid 4 figures.
In other words, I seriously doubt that turning a $50 lowball offer into a $100k+ sale is possible (I’d love to be proven wrong though, that’d be an interesting story for sure) and as a conclusion: if you’d be willing to let go of the domain in question for let’s say 4 figs, replying to lowball offers can be worth it IMO.
Do you reply to lowball offers?
April 6th, 2011 at 5:24 pm
Don’t some of these lowballas get mad when you quote them a higher price?
April 6th, 2011 at 6:13 pm
I believe I have negotiated offers from the $250-$300 range up to high $xxx but I have found that responding to $50-$100 offers is not worth the time. Thus for most domains I now have fixed pricing.
April 6th, 2011 at 6:54 pm
Someone offered me $100 for a .co domain back in December. Eventually, we settled on $2500 for the domain. On the other hand, someone offered me $10 on a CVC.com. I replied to say that we’re expecting high $xx,xxx and he said I’d be lucky to get $25 for the domain. I try to reply to all offers, even lowball ones. The worst they can do is swear and curse at you. Then you just move on.
April 6th, 2011 at 7:08 pm
What do you do when you get lowball offers from those who were in the industry since 2000?
April 6th, 2011 at 7:26 pm
Funnily enough, I don’t get any offers from domainers on my domains. Usually end-users contact me directly.
April 7th, 2011 at 10:42 am
@nmwando: comes with the territory 🙂
@Gnanes: if the offer is not insulting and I’m willing to sell that domain at “domainer to domainer” prices, I reply. If not, I don’t.