Rick Swindell posted a screenshot of an offer he received via Afternic and asked for advice about how to proceed. He tagged TonyNames, asking if he should accept or counter the offer:
Domainer community:
Hold time: 12 years, seems like 1 million lol.
Maybe 3 offers over the years for $1000-$3000
Registered in over 10 other extensions.
Purchase price: $69
BIN price $9995
Accept or counter and at what price?@TonyNames what do the pro do haha? pic.twitter.com/OneW3gt18y— Rick Swindell (@RickSwindell) May 1, 2024
This question is similar to questions I have been asked by others countless times. I don’t think it’s really possible to give good advice with the information shared in the post.
Most importantly, the domain name was not shared. I think it’s probably wise not to publicly share this information in an active negotiation, but it makes it impossible to offer helpful advice.
Knowing the domain name could help someone identify the prospective buyer and how much they may want or need the domain name. If, for example, this domain name matches a new brand for a big company, they have the money and desire to pay the full amount. They may have an inexperienced buyer trying to get a good deal for the company, not knowing the seller could increase the price and make it more expensive.
Knowing the domain name could also help other see if similar domain names have been scooped up by the prospective buyer. Rick mentioned it’s registered in over 10 extensions, but a buyer may have also registered typos and similar domain names showing greater interest. In addition, we could check NameBio to see if that term in other extensions have sold on the aftermarket and for how much.
Beyond knowing the domain name, I don’t know Rick personally nor do I know his financial situation. Someone who does domain names as a fun hobby and doesn’t need the money may be more willing to let it ride and risk the offer with the hopes of landing an ideal deal. Someone else who has been struggling to make money may not want to take the risk and will want a more conservative approach.
It’s always nice to get a solid – profitable offer for a domain name. There are several ways a seller can respond (or not), but it is impossible to give good advice without knowing all of the details about the offer and seller. Hopefully Rick makes the right call and closes a great deal for his domain name.
I think it is better to accept the offer received if it reaches the minimum you wanted to sell the domain.
I have failed to accept offers believing they were low and they were not.
A bird in the hand is worth two in the bush!
Hi Elliot,
Hope things are well. Have a question you … you mentioned knowing the domain. Was the domain mentioned at all? If it is I missed it, if so where did you see it?
Thanks,
Ira
I don’t think the name was shared.
I was saying that knowing the domain name could allow people to get more of an understanding of why it is desired and how it can be used.
Unfortunately, that wasn’t the case. On the flip side, I think it was smart for the seller to not reveal the domain name.
I deleted a comment that speculated about what the domain name is. If the person who shared on X wanted to publish the name, he would have done so.
I agree, Elliot.
I wouldn’t post or share the activity of a domain still in negotiation on a public forum (i.e, Twitter/X). DMs, sure, why not?
Did the buyer see his post? Probably not, but why take the risk.
I agree with you, Elliot.
About the sale. In my case, Rotation and Volume are the names of the games.