It’s Always Tough Giving a Buy Price or Sale Price

One of the the most frustrating things about the domain name and website business is that in the normal course of business (even if the name or its website is not listed for sale) there will be occasional unsolicited offers to buy your domains and/or websites but most everyone has great reluctance to make the first move regarding a sales price.

In all likelihood, the typical great reluctance by both buyers and sellers to name an agreeable price results in the large majority of web site or domain-name potential transactions failing.

A prospecive buyer does not want to give a specific offer because of two reasons:

1. The prospective buyer is thinking the offer may be more than sellers expected price so seller will accept it right away and he would pay more than was needed.

2. Conversely, buyer is thinking his proposed price is too low so seller may act negative and not respond at all or else act insulted replying with a sky high price of say $50,000 for a domain he really would normally sell for $5,000 or less as an example.

A potential seller does not want to give the buyer a specific buy-it-now price due to two reasons (this is especially applicable if the buyers full identity is not known):

1. Seller may be thinking the accepable buy price is lower than what buyer was really willing to pay. Thus buyer will accept the price and domain or website would get sold for less than its potential price.

2. If proposed buy price is perceived as too high by the potential buyer it may turn buyer negative and buyer will nt reply at all. That would be unfortunate since seller may in reality accept much less than the quoted high price but never has a chance to negotiate the price since buyer already walked away or went on to an alternative name for sale or a newly registered domain.

Not really sure what solutions there may be to this ongoing problem, which in-effect stands in the way of a great number of sales. Anyone know a way to avoid this?