There’s a popular saying that many people believe: “everything is negotiable.” Whether it is an estimate for home improvements and construction, purchases at a farmer’s market, or domain name acquisitions, there are many times when negotiating the purchase price is a good idea. In most cases, the worst thing that can happen is the owner of the company says, “no.”
When it comes to domain name negotiations, people may want to reconsider negotiating when they already see a great price. There may be a high likelihood the buyer opts to increase the buy it now price when a prospective buyer makes an offer to try and buy the domain name for less than the list price.
There have been numerous times where I either opted to raise a price or had a price raised on me when in a negotiation. When I am the seller, I sometimes realizes my prices on GoDaddy and DAN.com do not align, and the inquiry gives me the opportunity to address the discrepancy. Other times, I realized the price had not been updated in quite some time – years on occasion, and the domain name was not priced at the current market rate.
As a buyer, I have made offers on well-priced domain names only to learn that the seller done the same type of price reevaluation. I don’t recall ever being able to come to terms after that, but I have been upset with myself for trying to negotiate a better deal on a well priced domain name.
When I buy a domain name in private, I am paying what I believe is a good price that will allow me to resell it for a healthy margin (depending on the name). Trying to save a few hundred or a few thousand dollars is unwise if I lose a deal. In most cases, that amount is small when compared to the margin I believe I can make.
Negotiating is one of the most exciting aspects of domain name investing. It can be exhilarating to negotiate – almost like playing a sport. However, by trying to negotiate a lower deal on a domain name that already has a great price, there is a good chance the owner will reconsider the price and raise it. I would rather overpay by a bit than lose out on a deal to save a small amount of money.