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With regards to a recent post that I saw, and my previous experience, accepting the first offer which a buyer makes is a deal breaker
This is something which I have seen time and again where negotiations fail. Sellers who accept the first offer from the buyer make the buyer feel that they have been played. The offer which they made was too high. And the offer isn't binding either. So they ghost away.
Solution
If you expect $2000 for a domain name and the buyer's first offer is $3500, do the research. Even if you are happy with the offer, check out their profile, any developments in the niche, technology or the keywords. Also, look for who the buyer is, their paying capacity, price sensitivity.
After all the research, if you think that there may not be a very high offer, you can say something like this:
"Thank you for your offer. I am currently looking at something in the ballpark of $4,000 for this domain name. If you extend a little, maybe we can make this work."
This is just one of the ways and there could be many other ways to approach.
What are some of the ways you tackle this situation?
This is something which I have seen time and again where negotiations fail. Sellers who accept the first offer from the buyer make the buyer feel that they have been played. The offer which they made was too high. And the offer isn't binding either. So they ghost away.
Solution
If you expect $2000 for a domain name and the buyer's first offer is $3500, do the research. Even if you are happy with the offer, check out their profile, any developments in the niche, technology or the keywords. Also, look for who the buyer is, their paying capacity, price sensitivity.
After all the research, if you think that there may not be a very high offer, you can say something like this:
"Thank you for your offer. I am currently looking at something in the ballpark of $4,000 for this domain name. If you extend a little, maybe we can make this work."
This is just one of the ways and there could be many other ways to approach.
What are some of the ways you tackle this situation?