02 Apr '12, 5pm

Domain Name Negotiation: Who Goes First? | Domain Shane

Domain Name Negotiation: Who Goes First? By ShaneCultra - April 2, 2012 - 2 Comments It’s a conversation I’ve had with other domain investors quite often. What’s the best approach to negotiating a domain sale? One thing that many of us seem to agree on, the person that puts out the price first is at a disadvantage. It’s an odd situation. It’s probably one of the few things in the world that when a person wants to buy something from you and you don’t give them a price. If any other business used this approach they wouldn’t stay in business very long. So why wouldn’t you want to give a price when asked? My reasoning is simple and one you’ve probably heard similar statements for 15 years. Every domain is unique and the value is only what someone is willing to pay for it. Sure, you can do metrics, search volume, type ins, costs of ads, but that only gives you MINIMUM value. If...

Full article: http://domainshane.com/domain-name-negotiation-who-goes-f...

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