If you own valuable domain names, you probably receive offers on a frequent basis. Some prospective buyers are fair and reasonable, and others are frustrating or even angering. If you’ve been in the business long enough, chances are good that you’ve come across prospects like the ones I listed below.
Without using specific examples, I want to share what I think are the ten worst kinds of domain name prospective buyers. These people can make investing in domain names less enjoyable, and at the very least, make the business of selling domain names more challenging.
I invite you to share other types of buyers that I missed in my list. I am sure there are other kinds of bad prospects that make life difficult for all of us.
- Prospective buyer who has the money and a great plan for the domain name but won’t make a fair offer for the domain name.
- Poor “student” who can only afford to spend a little bit of money.
- Person who makes trademark / IP threats pertaining to a purely descriptive domain name when the price is beyond the buyer’s budget.
- The “buyer” who files a UDRP on a descriptive domain name instead of negotiating in good faith.
- The rude buyer who curses or threatens the domain name owner when the negotiations don’t lead to a deal.
- The slow responder that prolongs a negotiation for months.
- Clueless buyer who needs hand holding at every step of the process.
- Prospect that insists on speaking on the telephone and won’t stop talking.
- The buyer that asks tons of questions about the domain name, its history, traffic, rankings…etc.
- The prospect who agrees to buy a domain name for a set price and then disappears when the money is due.