When inquiring to purchase a domain name, I often receive a reply that includes a price along with my favorite phrase in this type of scenario: “… or submit your best offer.”
Why do I love this phrase? From my perspective, it means that the price is flexible, and while the domain owner would like to sell the name for a specific price, it isn’t a firm price. Without a doubt, I always reply to this with a lower offer. It really makes no sense not to do that, unless you really need the domain name and can’t take a chance that the owner doesn’t reply.
One thing you can take from this is that when you’re asked about the price of one of your domain names, you probably don’t want to encourage the potential buyer to submit a lower offer. Perhaps he will do that anyway, but why encourage it? If he doesn’t respond positively to your price, you can always follow up at a later time and ask him what he was thinking in terms of price.
This may seem pretty obvious to an astute domain investor, but I see it happen all the time, and I love it when it happens when I am buying!
