Negotiate Domain Name Deals Part II
How to negotiate domain name deals Part II. Be sure to read Part I and of this article first.
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
Identify the buyer. This helps you gauge what they can afford. A corporate company may have more money to spend than a startup. Wait for right buyer for your domain. Now, before you say yes or no to the offer, do some digging. Research them online. This can be hard if the buyer is not using their true identity with 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 the buyer gets a sudden surge in requests, he’s more likely to increase his price then haggle with you for a deal.
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.