Negotiating with a Price Discrepancy

I received a $1,500 offer for a two word .com domain name I have listed for sale for $4,999 on GoDaddy. The offer came through Efty, where I use a smart lander I created a while ago. In looking at the lander, I noticed I have a $1,999 valuation listed, so the prospect likely assumed that’s what I am asking for the domain name.

One issue with listing domain names for sale on multiple venues is the challenge of keeping prices consistent across the board. I don’t do as well as I should with respect to that. I might change a swath of prices on Afternic but not update Efty or Spaceship.

When I discovered the price discrepancy, this is how I responded to the prospective buyer:

“I received your inquiry to buy [DomainName].com. The price to buy the domain name was recently increased to $4,999 at GoDaddy, but I would honor the $1,999 amount listed on the landing page if you move forward today.

Here’s a checkout link from GoDaddy if you would like to buy it now: [redacted link].”

In an effort to be fair to the prospect, I said I would honor the amount listed on the landing page if the domain name is bought today. In addition, this also serves as a call to action incentive to close a deal swiftly.

I am not sure how this will play out, but I think it is a fair solution.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

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