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Just yesterday, I identified two domain names that a client of mine would like to use for his enterprise site. Both are offered and "parked" at Sedo with a "minimum bid" listed on the pages. One particular is a .com and the other is a .biz (different names for ...

When acquiring a domain name you have to decide what you are willing to pay Ahead of you begin the negotiations. I believe this is an apparent "rule" but I have to remind myself of this each time I attempt to obtain a new domain name.

Just yesterday, I discovered two domain names that a client of mine would like to use for his company site. Each are offered and "parked" at Sedo with a "minimum bid" listed on the pages. One particular is a .com and the other is a .biz (various names for every).
 [http://www.entrust.net/certificate-services/security.htm multiple ssl]
I submitted a bid for the .com extension at the suggested minimum bid amount and the seller responded with a nice e-mail accepting the provide and we are going to acquire this domain (this is how it is supposed to work, correct?). Could the seller have held out for more? Maybe... but he was guaranteed a sale with my supply right now and who knows how extended it would take to find one more buyer for more funds, proper?

For the .biz domain name I did the same issue. I submitted an offer you for the minimum bid amount (keep in thoughts that based on my understanding of .biz values the provide we submitted was far more than fair). The response came back with a counter-provide that was 15 instances larger than the recommended minimum bid amount! I did respond back to the seller with a slightly larger bid (which is the upper limit for what this .biz domain need to sell for primarily based on present .biz sales) and stated this was my final offer you and that if they wanted to sell nowadays I would spend this amount. I doubt they will even respond back to me. To me this is just undesirable organization... if you want massive $$$$$ (note the quantity of digits they wanted) for a domain name you must price tag it accordingly upfront and not attempt to "bait" purchasers in hopes they will try to "win" the obtain after you get them started bidding.

The point of this story is... do some analysis and uncover out the worth of a domain name based on recent/related sales (reference my post on Domain Sales - Year to date information 2006 plus all-year data for 2005 and 2004  Then, decide for your self the maximum YOU are prepared to pay for the domain. If a seller pulls the "bait" method I would walk away and find a various domain name to purchase.