Sell a Name Easy When Others Own the Lesser Extensions + A Mistake I Made
Yesterday I was debating selling a domain name for $3 on twitter or giving it away. Before I gave it away I went on google and searched the domain and I saw that someone had developed a website on the .info.
The domain was on about a new tv show and could have been a good domain for a streaming site. I just do not have the time to make the site. I contacted the .info owner and complimented him on the site and then went on to introduce myself and that I am the owner of the site xxxxx.com and how the .com is the most popular extension and if you want to have a serious website you need the .com. I mentioned with the .com he will be able to draw more repeat traffic and increase earnings easier.
Then I make the big mistake of saying I was looking at offers for less than $100. I normally do not write that, but I did not think highly of the domain and just wanted to sell it and not scare away buyers. Does anyone have any better methods to not scare off buyers?
Within 2 hours of sending the email I had an offer for $50 to which I countered $85. The $85 offer was accepted immediately.
I do not think I should have written the part about offers from $100. If I had not would I have had a $200 sale instead of $85? Who knows, but from now on I will not mention the offers I am looking for, I will just write looking at all reasonable offers and I will let the buyer decide what that is.
Overall I am very happy that I sold the domain that I was going to give away, but I could have made more. Once and a while go and see if anyone has registered one of your domains in lesser extension and try and sell it to them. This can also be a big factor when buying and expired domain if a lesser extension is registered.
Thanks for reading,
Related posts:
- Why to Protect Domains by Owning the Other Extensions
- Is it Worth it To Sell Domains at Reseller Prices? Look at the Math
- Sell a Domain with a Website to Endusers and Get More Money
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5 Responses to “Sell a Name Easy When Others Own the Lesser Extensions + A Mistake I Made”
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April 2nd, 2009 @ 10:22 pm
You live, you learn. I’ve sold several domains and regretted it later. Look on the bright side, its $85 you didn’t have before. Sure, you could have offered it for $200, but they the buyer might have walked away. Once you get rejected, the chance of a sell drops precipitously.
April 3rd, 2009 @ 7:08 am
If he took your counter offer so easy there was money left on the table, but thats how you live and learn. Good post!
April 6th, 2009 @ 2:36 pm
[...] don’t mention price I learned my lesson on that. I always give my email and phone number just in case they want to call me, no one has [...]
April 7th, 2009 @ 3:31 am
thanks for the lesson, but why just $85 ?
April 8th, 2009 @ 9:04 pm
Alright, but what if you don’t suggest a price (what I am told you are supposed to do) and he were to offer $12…you can’t counter at $200 – that would surely scare him off…right?
Recently, when someone was interested in a few of my names and asked “how much,” I gave her the usual, “Please put forth your best offer,” and guess what? They got lost.
I understand the notion of not wanting to under-sell, but sometimes I feel like you only have one chance to unload…ya know?