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Do you have any tips on how to get a good deal on a domain name?
The domain I want is currently owned by one of those big domain resellers. They are currently requesting $10,000 for it. What are some ways I can talk them down?
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The price is actually driven by the market. The $10,000 is their means to tell you that they want to bargain with you. Offer them whatever you think it is worth and see what they reply.
Domains are right under $7 at the registrar level for .com/.net/.org (that is, it costs a registrar almost $7 to sell you a domain, even if they are dotster, it costs them money).
Anything over that base cost is profit. Of course, nothing would make the squatter happier than to be able to sell one or two of those $10,000 domains, but he won't cry if he can sell a bunch for $50-$100 each.
Disclaimer: I am a micro registrar, my registry is athttp://gopedro.net
Domains are right under $7 at the registrar level for .com/.net/.org (that is, it costs a registrar almost $7 to sell you a domain, even if they are dotster, it costs them money).
Anything over that base cost is profit. Of course, nothing would make the squatter happier than to be able to sell one or two of those $10,000 domains, but he won't cry if he can sell a bunch for $50-$100 each.
Disclaimer: I am a micro registrar, my registry is athttp://gopedro.net
In any negotiation, it is very important to work out what the deal is really worth to you, and what is your next best alternative to making the deal.
In the case of a domain name, if you couldn't get this one that you really want, what is your next best option? Often there are very similar names that are available for you to register. Instead of XY.com, you might be able to get hold of X-Y.com, XY.net, theXY.com, XYinfo.com etc. Find whatever is the next best option in your case, and use that as your baseline.
Often you can think of an alternative name that you're perfectly happy with, and there's no need to buy at all.
Let's say the domain you want is carterlee.com, but your second best alternative is carterleeinc.com. Then you can ask yourself how much it's worth to you to buy carterlee.com instead of registering carterleeinc.com for a few bucks. Maybe you decide that's worth $200 to you. In that case, that is the very most you'd be willing to pay, and you are aiming to negotiate the best deal under that figure that you can get.
After that it's a matter of negotiating tactics. Maybe if your max is $200, but you see that a lot domains like that get sold for $50-$100, you'd open with an offer of $60. The other party might bite if that's looks a good deal for them, or more likely they might haggle some more, say dropping to $500. Then you can up your offer, they respond with a counter, and so on.
If you can't get them under your max you walk away, and go with the second best option, which was to register caterleeinc.com.
In the case of a domain name, if you couldn't get this one that you really want, what is your next best option? Often there are very similar names that are available for you to register. Instead of XY.com, you might be able to get hold of X-Y.com, XY.net, theXY.com, XYinfo.com etc. Find whatever is the next best option in your case, and use that as your baseline.
Often you can think of an alternative name that you're perfectly happy with, and there's no need to buy at all.
Let's say the domain you want is carterlee.com, but your second best alternative is carterleeinc.com. Then you can ask yourself how much it's worth to you to buy carterlee.com instead of registering carterleeinc.com for a few bucks. Maybe you decide that's worth $200 to you. In that case, that is the very most you'd be willing to pay, and you are aiming to negotiate the best deal under that figure that you can get.
After that it's a matter of negotiating tactics. Maybe if your max is $200, but you see that a lot domains like that get sold for $50-$100, you'd open with an offer of $60. The other party might bite if that's looks a good deal for them, or more likely they might haggle some more, say dropping to $500. Then you can up your offer, they respond with a counter, and so on.
If you can't get them under your max you walk away, and go with the second best option, which was to register caterleeinc.com.
It was unfair to choose no best answer
The question asked for suggestions, and got two decent answers. One based on the experience of someone who sells domain names, the other based on experience of negotiation. Either of the answers is well worth the M$1 tip.
The question asked for suggestions, and got two decent answers. One based on the experience of someone who sells domain names, the other based on experience of negotiation. Either of the answers is well worth the M$1 tip.
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