How to negotiate when buying a domain name? What are the tips?
DomainCn
How much does it cost to buy a domain name? To understand the price, you first need to understand the circumstances surrounding your domain purchase. Different circumstances can lead to different prices and require different negotiation techniques.
1. Domain Purchase Situation
The domain you want to buy is owned by an individual.
The biggest risk in dealing with individual domain owners is that they are often emotionally invested and deeply attached to their domain name, which can make a deal untenable.
This type of domain owner likely has a list of three to five similar domains for sale, and their expected price may be absurd. Initially, it's best to contact the domain owner via email to let them know you're interested in purchasing their domain, but you want to understand their price range.
Second, find a domain you like on a domain sales platform with a fixed price. If you can't get an exact price from the domain owner, at least ask for a rough price range.
When negotiating the price, it's important to time the negotiation by explaining that you've reviewed the current market prices for three to five similar domains. This will give them an idea of the current market conditions.
2. Domain Purchase Situation
The domain you want to buy is owned by a large corporation
If, by chance, the domain you're interested in belongs to this category, then honestly, don't get your hopes up. These large corporations don't care about small amounts of money and will inflate the price of the domain.
You probably won't be able to negotiate with a large corporation yourself, so a domain broker can be very helpful. Brokers have extensive experience negotiating with large corporations.
3. Domain Purchase Situation
The domain you want to buy is owned by a domain investor
Domain investors regularly buy and sell domains, so they're closely monitoring the market and understand their value. They're not swayed by emotion and won't make arbitrary offers.
Furthermore, the biggest difference between contacting a domain investor and an individual domain owner is that if you contact a domain investor, you're likely to receive a response. You can then make an offer and wait for their response.
The biggest risk of dealing with a domain investor: They have a deep understanding of the domain market and the value of a domain, which can be detrimental to the buyer.
Domaincn.com Committed to providing fair and transparent reports. This article aims to provide accurate and timely information, but should not be construed as financial or investment advice. Due to the rapidly changing market conditions, we recommend that you verify the information yourself and consult a professional before making any decisions based on this information.