Negotiate Domain Name Deals Part II
How to negotiate domain names using a domain broker to get you the best deal. If you want to buy a domain name you need to keep reading how to negotiate domain name deals Part II. Be sure to read Part I and of this article first if you haven’t already.
First Published on: Mar 13, 2018 at 02:40
Article updated on: Oct 30, 2020 at 11:40
Know where you stand
A buyer is in a good position to negotiate with someone to sell. Especially if the name is obviously parked or there is not much to see when you click the URL. You do not know their situation until you ask. Once you make initial contact, you will have a better idea of where you stand. Then you can start negotiating a fair deal.
But, if the owner has built a professional website with an established business it is not worth your while pursuing. It is unlikely the owner will want to sell unless you offer big money. Now get creative to come up with a new name. You could get rich flipping domain.
Negotiating to sell
Have you ever wondered what you would do if someone offered to buy your domain name? This could be a chance to make a big profit. But, what to do? You have never sold a domain name before.
Here are some things to consider before you answer to help negotiate the best deal. Learn to be smart. Be strategic to achieve your end goal.
Identify the buyer
To properly negotiate domain names you need firstly to identify the buyer. This helps you gauge what they can afford and qualifies them for the price range necessary to close the deal. A corporate company may have more money to spend on a domain name than a startup. As a domain seller, you need to be patient and wait for right buyer for your domain. Otherwise you could be leaving a lot of money on the table. Now, before you say yes or no to the offer, do some digging. Research them online. Domain brokers use lot of collected data and have sophisticated software tools. They even use email receipts to find out the location of the buyer and count how many times he has read a particle email. This data can show how interested a domain buyer is and even help pinpoint a price he’s willing to pay.
Don’t negotiate a domain without a domain broker
If you go it alone, it can be hard to collect any valuable data. Buyers often hide their their true identity by making contact with you using a free email account. They may even inquire about a domain name you own pretending to be many different people using many different email accounts.
If domain seller gets a sudden surge in requests, he’s more likely to increase his price then haggle the price lower. This is why it’s so important to always let a professional domain broker do your negotiations. You could really mess up the deal when you try to negotiate domain names on your own. A trustworthy domain broker brings you a lot of value and he should not be underestimated.
Good Reasons To Buy Using A Domain Agent
It’s just another reason why its best to use a domain name agent right from the start of your negotiations. Buy and selling after market domain names is a very complicated process. The brokers fees paid plus the cost of the domain are more likely to be cheaper than trying to acquire the domain on your own. It’s always best to work with professionals because there is so much you don’t know. Any in the case of buying domains, knowledge is half the price.