4 ms·
> People in the business can be jerks and unreasonable for sure but it would be more likely for someone to "ask" for 100k or simply say "domain is not for sale"
by mietek 13y ago
> People in the business can be jerks and unreasonable for sure but it would be more likely for someone to "ask" for 100k or simply say "domain is not for sale" than to say "7 figures" (2 letter, possible, 3 letter, specifically "all of the responses", no.
FWIW, here's an email I received when enquiring about a 3-letter domain name:
Thank you for your interest in this domain name
This domain name is among our most prized and sought-after domains. It is the online equivalent of prime, downtown real estate, and we get purchase inquiries about this domain every week.
Based on what comparable domain names are selling for, this domain name commands a premium price tag in the five-figure and higher price range.
This may come as a surprise to you since not everyone is aware that domain names of this quality regularly sell in this price range (and higher). Please visit the Domain Name Journal website below to see a current summary of recently sold domains and their selling prices:
(omitted)
After you’ve viewed the Domain Name Journal Sales Chart (above) and seen the current selling prices, we’d be delighted to discuss your interest in purchasing this domain name from us. Also, to avoid giving you ‘sticker shock’, we want to make sure your domain acquisition budget will support this domain’s five-figure and higher price range. We’re always respectful of our customers’ time and try very hard not to waste it with negotiations that can never get off the ground.
If your budget will support the five-figure and higher price range, please reply with a serious offer to begin the negotiation process with us. Any offer of less than five-figures won’t be taken seriously by us, and due to the volume of email we receive, will not be replied to at all. Thank you.
- radiusq 13y agoYeah thats bs salesman talk just to get the conversation started. Doesn't take a genius to talk around that.
- underwater 13y agoAre you sure you talked to a person and not a robot? I'm sure that each and every domain you ask about is one of their "prized and sought-after" domains. The "five-figure and higher" line (repeated four times!) is pretty funny. I'm not sure of any other market where price estimates span multiple orders of magnitude. It is just a transparent way to get you to name a figure first.
- ddeck 13y ago>The "five-figure and higher" line (repeated four times!) is pretty funny. I'm not sure of any other market where price estimates span multiple orders of magnitude. It is just a transparent way to get you to name a figure first. I presume they are targeting an anchoring effect: http://en.wikipedia.org/wiki/Anchoring http://en.wikipedia.org/wiki/Anchoring
- larrys 13y agoPart anchoring and part weeding out people who don't know the value and setting expectations. Let me give you an example. We are getting out bathroom redone. The first step is the contractor is going to come out and "take a look and get an idea of where we will be at price wise". He will then (he said) give us a rough idea of the cost. After we hear that and we look like we are both in the same ballpark he will proceed further to get an actual design in place and we will get down to specific prices. There is also anchoring involved in this as well (say he gets us to agree to 30k for the bathroom won't be hard getting us to 35k, right?). Had the same just happen with putting in a backup generator. Guy on the phone stated "most systems like you need will cost $15,000". Said "ok". Came out, job priced out below that he had shot high. Didn't want to waste his time quoting if we thought the price is merely what you see for the equipment at Home Depot.
- deleted 13y ago[deleted]
- larrys 13y agoIt's really no different than superlative language used in many advertising materials actually. And yes it is a robot response meant to weed off the passersby who have no money. Anyone with money will skim that and know what to do. Anyone who thinks they can buy the domain for $10 will go away.
- billpg 13y agoSounds like the domain is worth $100 at most.
- vacri 13y ago$100.00 is five figures :)
- larrys 13y agoNo matter how many inquiries you get (and as I've mentioned you don't get many inquiries per name but in total if you own thousands of domains you get many inquiries) it normally pays to at least find out who you are dealing with and why they want the domain (size them up) prior to quoting any price expectation etc. Curious what the domain was I've seen that letter before but can't place the seller that uses that.