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“You do know we are in a pandemic right?”

April 15, 2020 by Raymond Hackney

Domain Investing

So I got an offer on a domain name by email, the domain has a landing page on DAN but they did not go that route.

They emailed me, “Interested in purchasing *******.com, give me your best price. Cheers.”

So I replied back give me your best price. They got back with a lowball offer and I replied, “Thank you for the offer but that’s not a price anywhere close to where I would sell the name, take care.”

They replied back asking for a counter offer. I obliged with the counter offer, and their next reply was this, “You do know we are in a pandemic right?” I replied, “Yes I am very much aware that’s why the price I gave you is so low, no pandemic, the price would be much higher.”

They got back that they needed a week to think about it, would I give them that courtesy? I said no problem.

I thought it was interesting to try and leverage the pandemic to get or justify a lowball offer.

If I was doing outbound and contacted them, sure, I get that strategy, I knocked on your door.

But to try to play that game when you are the one reaching out, I believe that’s a losing game.

Sure maybe they are hoping for desperation, I have seen that same thing from domain investors, I have even had people email me over the last month asking if I know of any desperate domainers?

I would never be sharing that information with someone for them to prey on someone else. I understand the nature of the business and do what you gonna do, I am not aiding you in that endeavor.

We will see where this goes, the domain name is a 5 letter, pronounceable .com and there is no rush to sell. The price I quoted was in the $6,000 range.

Read next: HomeQuarantine.com being used as a redirect

 

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Filed Under: Domain trends, Domaining 101

About Raymond Hackney

Raymond Hackney has been involved with domain names since 1997. One of the most prolific writers in the domain industry and founder of TLDinvestors.com and 3Character.com

Comments

  1. Samer says

    April 15, 2020 at 11:02 am

    You’re a pro,

    Showing us how it’s done, yes or no.

  2. Samer says

    April 15, 2020 at 11:03 am

    Thank you,

    Samer

  3. Ronald Smith says

    April 15, 2020 at 11:07 am

    I love your reply to them asking you if you knew there was a pandemic.

    A lot of vultures out there.

  4. Alech says

    April 15, 2020 at 11:15 am

    I love this Raymond. Pandemic indeed.Not falling for that.These days most domainers will accept anything less out of panic.Just closed a fifteen grand after turning down seven grand first offer and its a .org.

    • Raymond Hackney says

      April 15, 2020 at 11:21 am

      Congrats

  5. lifesavings.online says

    April 15, 2020 at 11:31 am

    Yea…pandemic is more or less irrelevant to the price of your domains.

    Maybe you could argue there some economical impact..but this pandemic isn’t vaporizing their dollars.

    Not suggesting you should do it my way, but I would have retorted with something like:

    “Yes, and bailouts are happening, fed balance sheet is 6trillion USD. Govt debt is growing exponentially. It’s called inflation, and prices are rising – not falling. Check back next year, maybe it’ll be double.”

    Yea, being a jerk isn’t going to get a sale. However, giving someone a clue is worth more to me.

  6. JZ says

    April 15, 2020 at 11:38 am

    I am seeing this virus used a lot lately in inquiries in an effort to get a lower price. So much so I’ve increased prices just to piss these people off.

  7. RaTHeaD says

    April 15, 2020 at 12:26 pm

    Pandemic has been especially hard on chinese students who have very little money anyway.

  8. Len says

    April 15, 2020 at 1:45 pm

    LOL I can relate Raymond,

    I got a similar reply from an offer just 3 days ago.
    He first offered $2500 and I declined it and this what he he said, (please excuse his english)

    “You know the after coronavirus will be f**ked up. And you know is the economy is going down.
    You need to sell your domain names, i will give you 3000$ for this domain and pay the fee.
    Thanks”

    I also declined his offer and I have yet to hear from him since.

    I bet this type of negotiating ploy will continue for months from buyers.

    • Raymond Hackney says

      April 15, 2020 at 6:18 pm

      Nice, you have to love someone telling you something like you don’t know.

  9. Snoopy says

    April 15, 2020 at 5:50 pm

    I think corona is obviously having a big effect and fair enough to mention. Have had some inquiries mentioning it lately. People are expecting lower prices right now and if not they might as well delay purchases if they can.

    Some domainers have been reducing prices by 50% because of the crisis and inquiry levels are well down as well.

    • Raymond Hackney says

      April 15, 2020 at 6:16 pm

      Anyone can mention anything, it’s not going to make a difference for most people. Sure some people with bad domains or those who are over leveraged might have to accept.

      People are bidding every day on GoDaddy and NameJet, new gtlds are finding some sales so the hope for lower prices might be a fool’s errand.

      Yesterday:

      mobiuslabs.com 7,500 USD
      ciso.online 5,000 USD
      remato.com 4,390 USD
      acfx.org 4,388 USD
      thedoctorsdoctor.com 3,756 USD

      Either way I don’t care I am not contacting people asking them to buy my domain names.

  10. Richard Skala says

    April 15, 2020 at 6:19 pm

    I got one too. stick to your guns!
    “$2500 is out of reach to be honest. Especially with the global economy being where it’s at. “

  11. mike says

    April 15, 2020 at 6:45 pm

    Not a more important time to have the right name for your online presence.
    If anything, prices should be going up.

    • Data Glasses says

      April 15, 2020 at 10:40 pm

      That’s the way I’m seeing too, the shift to online has arrived BIG TIME

  12. Observer says

    April 21, 2020 at 5:52 am

    Look at this shameless post by Stuart Maloff who is trying to prey on domain owners:
    https://www.namepros.com/threads/liquidating-domains-ill-look-at-domains-in-these-areas.1186654/

    This is essentially blatant thievery, and he should be ashamed of himself.

  13. Observer says

    April 24, 2020 at 10:07 pm

    Another shameless predator, Robin Hablani of GoDomainers.com:
    https://www.namepros.com/threads/buying-expiring-soon-domains-for-2-godaddy-push-only.1187365/

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