Negotiate Domain Name Deals Part III
Domain Agents Close Deals
This is the best part of our article; negotiate domain name deals Part III. A lot of companies use brokers to buy on their behalf to keep prices down. As a buyer a good strategy is to hire an experienced domain broker. They can negotiate for you while keeping your identity anonymous. Really good brokers will tell them a good story to get you the best deal. That’s why its so important to work with a broker who knows the seller having a relationship of dealings in the past. The domain agent will not flat out lie, but he can smooth things over to make the deal happen. Its important to get the deal done. The larger percentage of domain offers never end up in a sale. So it’s important to read; how to negotiate domain name deals Part III.
Do not fall for sob stories
Do not fall for sob stories that want you to feel sorry for the buyer. Companies or their brokers can use these tactics hoping to keep your price down. They may think if you know the domain name is for a big organisation you will charge them more.
Know your bottom line
It is important to know your bottom line before you open negotiations. If you are already using the domain name for your own business then you need to decide your minimum price. Make sure the amount makes it worth your while switching to a new domain name. Once you know that price, stick to it. When the buyer offers less, hold firm to your price. There is no point selling for less. It is going to cost you money to change domain names and rebrand your business. If they do not meet your price, consider whether it is worth selling.
Ask the buyer for an offer
Open negotiations by asking the buyer for an offer because this way you’ll know how much they are willing to pay at the start. The new buyers first offer is generally 50% of the amount they are willing to pay. An experienced buyer may be willing to pay 200% more than their first offer. They are trying to gauge how well the seller knows the domains value. New buyers could offer you more than your bottom price. This is a good tactic if someone unexpectedly contacts you wanting to buy your domain name. It is smart to ask them for an offer as a starting point for negotiations and to gauge if their the right buyer for your domain.
How to negotiate domain name deals Part III – Avoid being greedy
Avoid being greedy. Negotiate wisely, if you are serious about selling your domain name. If you make it too hard, the buyer may walk away. If your the buyer using a domain agent, don’t be greedy. Your domain agent probably already has an existing relationship with the seller and he may already be using up a person favour from a deal before to get you the best deal. You domain broker should be working hard to get you the best price possible he he will do this because his income is generated by repeat customers. If he works hard to get you an amazing deal, you’ll buy from him again. That’s why great domain agents have magic powers to get you an amazing deal on the domain name of your dreams.
Domain Name Strategies
Whether buying or selling a domain name, keep these strategies in mind to help you make a fair deal. We hope you enjoyed our article to negotiate domain name deals Part III.