Quote:
Originally Posted by mineistaken
Wouldn't it be smart negotiation tactic to lowball on the first offer is the seller is not giving his number first? Especially in domain market where prices are difficult to set and you may get a good deal if seller values domain lower than you.
Any negotiation experts to chime in?
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Generally buyers don't offer their best price right off the bat. Sedo actually tells buyers not to offer their best price. Most sellers don't accept a first offer as well. I'm sure you'll find a few on both sides that do accept a first offer if the offer is solid or that do offer their best price but the minority of deals.
I've done okay over the years selling domains but it came from having the balls to shoot my prices and not giving a shit if a deal fell apart or not needing the money if I thought the domain name was worth more and offers flow in on the domain on a regular basis.