Determine What You Are Willing To Pay For A Domain Before You Make Your First Bid
When buying a domain name you must determine what you are willing to pay BEFORE you start the negotiations. I think this is an obvious “rule” but I have to remind myself of this every time I attempt to acquire a new domain name.
Just yesterday, I found two domain names that a client of mine would like to use for his business website. Both are available and “parked” at Sedo with a “minimum bid” listed on the pages. One is a .com and the other is a .biz (different names for each).
I submitted a bid for the .com extension at the suggested minimum bid amount and the seller responded with a nice email accepting the offer and we are going to purchase this domain (this is how it is supposed to work, right?). Could the seller have held out for more? Maybe… but he was guaranteed a sale with my offer today and who knows how long it would take to find another buyer for more money, right?
For the .biz domain name I did the same thing. I submitted an offer for the minimum bid amount (keep in mind that based on my knowledge of .biz values the...
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