If you’re similar to me, you probably receive a fair amount of “sob story” inquiries to buy your domain name. I regularly receive inquiries from people who, instead of making a fair offer to buy a domain name, they think their tale of woe or sorrow will get me to sell a domain name for a pittance. Sorry, that won’t work.
For the last few years, I have taken the tact that I won’t respond to an inquiry that is made when the prospective buyer shares a story about why they can’t afford to spend a lot of money on my domain name.
There are two reasons why I don’t generally respond to these types of offers:
The first reason is that if their story is true, they won’t be able to pay for the domain name. I try to be a charitable person and support great non-profits, but my domain names are investments and I can’t afford to not sell them for full value or as close to full value as I think possible.
The second reason is that some people and companies use this type of pitch as a tactic to get a better price. I have seen people recommend to others to pretend to be a poor student or impacted by some sort of tragedy as a means of getting the domain owner to bend on the price. If I don’t respond, they will likely understand I was unmoved by their yarn and either make a legitimate offer or find a different domain name to buy.
I have found that responding to inquiries like this are unproductive. I can’t ever recall doing a deal with someone after they shared a story about how they can’t pay for a domain name. I typically respond to low ball offers, but if someone decides to share a story as a means of getting a better deal, I have found that it is not worth the time.
I do my best to be philanthropic, but I am able to do that because of my domain sales.