1st Rule Of Dealing With Domain Offers Is: People Lie

2010 November 19
by Michael H. Berkens

Its great to see my friend and neighbor Sahar blogging again on Conceptualist.com, and today he raised a huge issue of importance to every domainer, misrepresentation of buyers.

In his post today, Sahar talks about a domain name that Facebook may have purchased on the cheap based on the buyer misrepresenting himself.

We generally receive 10-15 offers a day, everyday so several thousand a year, and here is the 1st general rule of thumb.

Buyer’s lie.

Yes people on the Internet often lie.

Yes the emails you get from that beautiful model from Russian that wants to marry you and have sex with you 5 times a day, is probably from a hairy guy in Detroit.

The law firm wanting to sending you a $5 million dollar inheritance; its not coming.

and the offer from the college student that has no money but wants your domain for $1,500, is probably lying.

Here’s an email I just got this past week:
“Hi there,

How much is the domain TheProfessors.com? My daughter and her friends dressed up as professors for Halloween, and I wanted to put their photos up online.”"

Yeah right

Sure

So I wrote back:

“Sorry this is a serious asset and is not going to be priced for the purpose you’re suggesting”

“You can go with another extension like a .me or .tv  or other extension for such a use”

His response:

“You shouldn’t make an assumption that I don’t have the money for it. How much do you perceive your domain to be worth?

My response:

“I’m not making an  assumption you don’t have the money for it, I’m making the assumption that a domain you’re buying for the expressed purpose of:

“My daughter and her friends dressed up as professors for Halloween, and I wanted to put their photos up online.”

“Is not going to be viable to pay fair market value of this type of domain”

His final response:

“So once again, you have refused to answer the question. Congrats on losing potential business”

Ok so what does this show you?

Buyer’s lie.

Usually I wouldn’t even engage with this type of buyer but I was in a playful mood that day.

Typically I disregard anything in the email, any story, any plan for the domain, any information about the buyer that he is providing.

Instead I just quote a price.

At the end of the day the domain is worth what’s its worth, the price is not dependent on the buyer’s pocketbook.

The statements or representation made buyer that buyer it maybe true or not but your price should certainly not be lowered based on them.

However the domain maybe worth MORE to certain buyers not because they have more money but because they have more need for the domain.

So if the buyer properly identifies themselves and from that information you can determine the buyer has a particular need for that domain, then its fair to say the domain is worth more to them.

That’s good information to have.

67 Responses leave one →
  1. 2010 November 22
    Uragon permalink

    I think I – naw – I know that you got a smile out of me. Thank you…

  2. 2010 November 23
    BrianWick permalink

    This one just came in and is probably the best one I have heard in a long while – still laughing:

    Hi Brian,

    Would you be interested in selling your domain name? If so, please let me know what your suggested price would be. I have a team of people who are interested in pursuing the domain name to create a social network for the UFO, Extraterrestrial community.

    Regards,

    Brenda

    Is this is a nice / creative / deceptive way to ask for SpaceBook.com without even mentioning the domain itself ? – a domain that gets an inquiry every other day at least

  3. 2010 November 23

    “a domain that gets an inquiry every other day at least”
    ===

    .vs
    a domain that gets an inquiry every milli-second ?

    .vs
    DIDJ with no domains ?

  4. 2010 November 23
    BrianWick permalink

    @ TheBigLieSociety
    I think ChipOnYourShoulder.com is ” domain that gets an inquiry every milli-second”
    Albeit siteanalytics.compete.com documents about 30% of the actual typeins – which is not quite every milli-second

  5. 2010 November 30

    I’ve got ebookus.com – Anyone want to take a stab at what that would be worth?

    In another thread on this site, they mentioned that ebook.com was selling in October – estimates from readership were 7-9 figures…

    I realize that ebook.com is likely a superior domain, but I was still curious of an estimate, and if you would know where I might part with it…

    Let me know and thanks in advance.
    Matt

  6. 2010 November 30

    ” domain that gets an inquiry every milli-second”
    ===

    OpenDNS.COM

    ://domain.opendns.com/thedomains.com

    Blogs added by berkens Awaiting votes

    Parked Domains added by billso Moderator Awaiting votes

    Pornography added by farmscott Moderator Awaiting votes

    Forums/Message boa… added by amocat Awaiting votes

  7. 2010 November 30
    MHB permalink

    What does this mean

    In English please

  8. 2010 November 30

    farmscott / member since December 2007
    19,810,870 points

    billso / member since May 2007
    2,562,500 points

    ://www.opendns.com/community/user/227563
    ://www.opendns.com/community/user/135046

  9. 2010 November 30
    MHB permalink

    Big Lie

    So what your saying is that OpenDns is allowing users to tell them how to route traffic without any ramifications for users who misclassify a site for their own reasons and cause said site to be blocked.

    You know I’m not a fan of the service, I use Google DNS

  10. 2010 November 30

    OpenDns and Google DNS are SMALL Potatoes compared to DNSMASQ

    You may be using DNSMASQ and not even know it

    In general, Reputation.DNS is like allowing small post-it notes to be attached to Domain Names. Software in the Customer’s CPE can pull all sorts of info in about a Domain Name.

    Software at a WIFI Hot-Spot could also become involved. A new visitor to TheDomains could be presented with a Screeen (Blog, Porn, Parked, Forum) please vote.
    …If a user “Votes” enough, maybe the WIFI Provider pops up a screen that says….You have now earned a FREE Large Soft-Drink…I’m Lovin It

  11. 2010 November 30

    Google for “I’m Lovin It”

    ://harshpillow.blogspot.com/2009/06/im-lovin-it.html

    “Content Warning
    The blog that you are about to view may contain content only suitable for adults. In general, Google does not review nor do we endorse the content of this or any blog. For more information about our content policies, please visit the Blogger”

  12. 2010 November 30
    Uragon permalink

    You guys just blew me (the beginner) out of the water.

    What are you two writing about? OpenDNS.COM and GoolgeDNS? How does this help with building my portfolio and selling developed domains (mini-websites)?

    Seriously interested in learning

  13. 2010 November 30

    What are you two writing about? OpenDNS.COM and GoolgeDNS?
    ====

    DNS Circa 2010
    User —-BrowserDNS—-DNSMASQ——OpenDNS——-ISP DNS—–DNSSEC Mess—-RegistrarDNS—–RegistryDNS—–USGovIANAroot

    DNS Circa 1998
    User —-Browser—-ISP DNS—–RegistryDNS—–IANAroot

  14. 2010 December 4

    domainrep — Domain Reputation discussion list
    ://www.ietf.org/mailman/listinfo/domainrep

  15. 2011 January 14

    Hi Em-Bee,

    Funny article – but be careful of “being playful” by anonymous weirdos lying to you in order to try to get a great domain for cheap. They might DDOS your site or worse. I’m always playful, as you know, and sometimes it gets me in trouble because I even write pseudo-psycho emails to my good friends to see if they’re reading them… heh… That means I’m probably more than playful, but psycho. What? Who said that? Tony, please leave right now, you’re embarrassing me here!

    Okay, this is me Stephen again, I kicked Tony’s ass. One of my favorite email requests for a domain was from a guy who said that he was a “student who just wanted to write a blog about music” and offered me $20 for a domain I sold later for $1500. I wrote back to him and said “Borrow the money from your dad”. LOL

    cheers! Stay true to your own appraisal value of your domains and don’t be swayed by people doing what we all do anyways when we also try to get a domain for cheap. ;-)

    Great article, dudenik

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