Topic: Names.ca - Buy it for 1 million - TUTORIAL
Names.ca - You can buy it for 1 million USD - TUTORIAL
So I saw names.ca available at godaddy with a minimum bid of $1000, I thought ok I will place the bid and see what happens. I know from experience that sometimes I will get a response for 10k or so on a one word .ca and in some cases I have even dickered it down to 5k or less. Since the auctions are incognito I have done this on numerous occasions.
A number of days later (5 Days) I received a counter offer for 1,000,000.00 USD
I went back and checked the godaddy auction and the minimum bid was now increased to $650,000 USD and on godaddy the selling price was set to $1,000,000
In this case the owner of the domain has a great domain and it is his prerogative to set the price at anything he/she sees fit.
What would I have done different?
I would not have changed my prices on godaddy after an inquiry, I simply would not have responded to the offer because it was for sure under valued. I would have waited for personal contact from the client because my domains point at pages with my contact info.
If the client was really interested (and not a tire kicker) they would have engaged me and then I would have started the process by asking them to fill out my contact form to start the negotiation process. I technically would not have gotten into the pricing details until I had an idea who I was dealing with.
So a different approach by two different domainers for sure but neither one can be said to be right or wrong, just different approaches.