What Is Wrong With Buyers This Week?

I am not sure what is going on with buyers this week. Is it the weather or something?

I had 3 offers this week that were close to the price I was thinking about the domains, 2 of these domains are now in Escrow.com and still I am not sure if I will sell any of the 3 domains.

On the first one, a geo/job .com, I got a $2,000 offer and I was asking for $3,000. The buyer told he that he was going to think about the $3,000 price over the weekend. On Monday he said that he thought the domain was only worth $1,750. There is no better way to end negotiations with me than to lower your offer. I told him that the $3,000 is good for a week. Then it is $4,000. He actually opened my eyes on this domain as it has a double use.

On the second one, a 2 word .com, I got a $4,000 offer that I accepted and started the escrow.com transaction. 2 days later and the buyer had not replied to my email and had not accepted the transaction at Escrow.com. So I call him and he says that he is still thinking about it…

On the third one, a .org, I got a $2,000 offer that I accepted and again started the escrow.com transaction. Today I got an email saying:

In further exploring this option, I still think that $2,000 is going to be beyond my budget. Would $1,000 be accepted by the seller?

This is part of his email from 2 days ago:

Would the seller be willing to entertain an offer of $2,000 USD?

This is my reply today:

Your $2,000 offer has been accepted and we are in a binding contract.
Please make the payment at escrow.com.

At this time I am not sure if the 2 transactions that I have in Escrow.com will go through but the odds are against them.

I am not sure how I should treat these people. They seem to lack some basic understanding about trade and society in general. When you agree to a price you can’t make another lower offer 5 minutes later. I bet they wouldn’t do this if we were face to face. Or maybe they would…

Sold.Domains

About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London and lives in Athens, Greece. He works on domain names, websites and software development. Has been online since 1995 & domaining since 2002.

42 comments

  1. Italian buyers?

    That situation only happened to me with Italians and any Argentine buyer 🙂

    • It’s not a question of nationality … morons are spread everywhere as far as I see … 😉

      • Hey Andrea, I was not aiming to disturb, just thought to reduce the offer was a local custom or something! 😛

        Seriously, I deal with a lot of people and this only happened with several italian and an Argentine.

        I am sure it was casuality, of course.

      • Diego, no offense taken, no worries. 🙂
        As far as I can see, it’s not a local habit … morons are not localized … lol 😀

      • Yeah, there are lot of morons everywhere! 😛

        But bargaining habits and forms are very close to cultural / regional differences.

        http://en.wikipedia.org/wiki/Bargaining#Regional_differences

        No doubt, it is a fascinating and quite interesting subject for everyone working in sales.

      • Diego, It’s not a question of bargaining here.
        When the buyer accepts the price negotiations are over …
        and lowering offers is just insulting people intelligence … or trying to play with them … and that’s not acceptable IMHO.
        But unfortunately some people have lost (or sold) even their dignity longtime ago …

      • I agree with you, but it seems that in some circles this (dirty) way may look more acceptable for some people due to cultural habits.

        Everywhere worldwide there are good, bad and idiots; but some zones don’t promote the honour seed.

        I live in Spain and I know what I am talking about 😉

      • I agree with you. Its not about Nationality.

    • Actually it was 2 US buyers and one from Singapore.
      The 2 US buyers are the ones that offered less money after the negotiations.

  2. Kosta,
    It has happened to me too … 🙂
    Those are the kind of people who think to be smarter and like to fool you, thinking that the seller is in a desperate need to sell … lol … they are really ridiculous and pathetic … besides being totally wrong, at least as regards us and other professionals.
    IMHO, many of them have a perfect “understanding about trade and society in general”, even if some don’t know what respect and education mean …, but they are used to play dirty … that’s their modus operandi in life maybe …

    When they act like this, my asking price goes up, up, up! 😀 … maybe next time they will think twice before trying to play games …

    • Even if their offer was for 100k and then they said 90k and the domain was worth 10k to me, I wouldn’t accept their offer.
      It is a matter of principle.

      Hmmm, one of the domain offers is from an escort “operator” or should I say pimp? lol

      • “Hmmm, one of the domain offers is from an escort “operator” or should I say pimp? lol”
        Well, if it’s an “adult” name you can’t expect to get an offer from a religious organization … lol 😉

      • Now that I think of it…
        One of the 3 buyers is a pimp, the other is a real Pastor and the third I have no idea.
        lol
        This sounds like a movie…

  3. At least you are getting $XXXX offers. I had a $200 offer this week on a sport .TV, told they guy sorry we are way off on price and he got upset with me insisting I give him a price. So I gave him the $XXXX price and have not heard back. I don’t expect to.

    • Most people believe that they can buy any domain they can think of for less than $1,000.
      It doesn’t matter what the domain is. It could be sex.com or iwantmoresexplease.com.
      Their thinking is that a domain can’t be worth more than $500 or $200 or $1000.

      • One can buy a tablet or cell phone for under $500 so why should a domain name cost more than a few hundred – or at least that is their logic when they think every domain you have cost $10 and you have no inventory carrying costs (i.e. unsold domains which need to be renewed).

      • Just got this great offer:
        “No one but me wants ***.us….$50.00 is a good offer. “

  4. happens to all of us I also have an abandoned transaction for $1000 at ecop.com 🙁
    even happens at Sedo as long as the buyer pays sedo their commission they even get to keep their account there and continue parking buying and selling.

    Sedo´s response:

    We had suspended the user’s account for an appropriate time and they have paid Sedo for the commission as a penalty for this. As a result we will give them another opportunity to use our marketplace. This is a decision we are able to make per our terms of use, but trust that we will keep a close eye on the seller’s account. When this happens if a seller is given a second opportunity and uses the marketplace per our terms and condition they can, but if it happens again then they will be suspended permanently.

    Sweet, the protection they offer sellers 😉

  5. When you don’t negotiate the first iffer you receive and simply accept it …. It makes the buyer think that they could have got for less or they left money on table.

    Most people want to negotiate and it makes then feel better they were able to save some money. That feeling won’t come if someone accepted their first offer.

    Always negotiate or don’t just accept first offer because most likely it won’t close coz buyer think they are buying expensive because seller was willing to instantly sell. So heckling us they key my friends.

  6. Hey Konstantinos,

    That happens with every one but all 3 at once isn’t the norm. However, for your 2nd lead where you got an offer of 4k, was that initial offer which you accepted without counter offer? If yes, than buyer might have thought he has offered you a lot at first because you didn’t make any counter offer by asking for some more. This might have resulted in making the buyer back away…

    Hoping for the best though 🙂

  7. Sold a domain 3 days ago through Godaddy premium listings (domain was sold for $1K). Got the following email from Godaddy in my inbox today:

    “Dear Sir/Madam,

    The premium domain name sale for the domain XXXXX.COM has been refunded in the buyer’s account. It has been moved back to your account today you will need to relist it as a premium domain for sale again through the premium name sales channel at its original price. While the majority of our premium name sales are successful, from time to time we have a buyer who we need to refund due to either suspicious activity or mistaken purchases. When that buyer is refunded, we return the domain name to the seller as stated in our terms of service. As I said, the majority of all our premium name sales go through without any issues. I hope you will continue to use the service in the future.

    Regards,
    Aftermarket Support.”

    Never had that happen before. Usually when I sell a domain on Godaddy premium listing and I get that automated Godaddy email saying “Your Premium Listing Just Sold” I assume it is a done deal. Not this time apparantly.

  8. Always share a link to dnjournal weekly sales as proof of the ‘real domain market’ when they try to lowball you, then offer the comment ‘I may have undervalued this one but a deal is a deal, it’s yours’

  9. As my best friend of the interweb states: Now you try to figure out the brain of an idiot….Good Luck

  10. Alot of them are time-wasting losers. I’ve asked my broker to ignore all requests if they don’t meet the minimum offer. Also what’s bizar is some of them have an agressive / impolite tone like they’re doing us a favor to offer XX for a premium domain, no kidding. Lately they get a reply on their “level” back to make a point 🙂 I bet some of them might even be reading this blog and others.

    • I am sure they do when they google my name.

    • “Also what’s bizar is some of them have an agressive / impolite tone like they’re doing us a favor to offer XX for a premium domain, no kidding.”

      Recently I’ve got a 10 Euro (yes, 10!!! lol) from a French company for one of our .com … and the guy told me “because this domain was registered recently” … lol … (actually I purchased it after it was dropped) … I was like …LMAO! 😀
      They are just ridiculous … 😉

    • no offense, but in many times they are doing you a favour. I have seen some shit domains, (talking about typos and just utterly useless domains) and the owner thinks its full on premium, yet gets angry at the world when the best price they can get is low $xxx -> too many idiots think that every domain in their portfolio is liquid gold and its just not the case.

Leave a Reply

Your email address will not be published. Required fields are marked *