Advice? Newbie Selling Domain Name for First Time - $4,000 USD Initial Offer

[Hozzyj]

Hello! I hope this is the right spot to post this. I searched 'Domaining' and related terms to find the best home for this comment but since I'm essentially still a newcomer I suppose I'll post here.

I purchased a domain name for $50 and just received an offer for $4,000 USD.

It's a marketable domain (single word, meaningful & relevant term) in a profitable niche.

I have plans to use the domain in the future. I'm trying to see how much they will offer. Any negotiation tactics are appreciated.

 

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[Monkeycom]

Say that your associate will not accept any offer under xx amount of $. Pretend that there's someone superior to you

 

[Hozzyj]

Say that your associate will not accept any offer under xx amount of $. Pretend that there's someone superior to you

This is a great idea and I'll remember it for next time!

 

[MJ DeMarco]

It's a marketable domain (single word, meaningful & relevant term) in a profitable niche.

I'd try to find out who the buyer is. Is it a publicly traded company? Or a dude in his basement?

 

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[Monkeycom]

This is a great idea and I'll remember it for next time!

You can use that for everything, and it's a really basic strategy that work most of the time.