How do you respond to a lowball offer? (2.Viewing)

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How do you typically respond to a lowball offer?​


Typically I don't respond to offers under $1000 but when I get an offer from a big corporation I use one of my favourite responses...

Thank you for the response but we would have to get a significant offer to consider selling a one word domain name.

Given your low initial offer we do not feel it is advantageous for us to enter into negotiations at this time.

So what are some of your favourite responses to lowball offers?
 
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I recently used this one which I like. It was used on me years ago when I countered at 10x the offer! and never heard from them again.

Thanks, ------------. We are a bit far apart in price to negotiate at this time. If anything changes on your end, please feel free to reach out.
 
I remember a topic I read a few weeks ago: ‘My client only has $2,000 for this domain. Can we make a deal?’
Hmm, something doesn't sound right. Do people really hire brokers with only a couple of thousand as their budget? Sounds more like a line a client himself would say to the seller to emotionally distant himself/herself as a tactic.
 
I recently used this one which I like. It was used on me years ago when I countered at 10x the offer! and never heard from them again.

Thanks, ------------. We are a bit far apart in price to negotiate at this time. If anything changes on your end, please feel free to reach out.
That is indeed a really great response.
 
Here's what I say:

(Intro specific to individual domain/case)... but if your situation changes and you have a higher offer, feel free to inquire again.

And just the other day, I get this response:

Great. You can reach out if you accept my offer too.
 
Do people really hire brokers with only a couple of thousand as their budget?
You would be surprised how many times my brokerage has been approached by would-be clients with budgets of $500. We politely turn them away along with a few tips. We do sometimes take on very low budget projects (e.g., under $5k budget) but only for not-for-profits or really special clients we want to do a favour for, and of course we also need to believe the client has a chance of getting the target domain for that amount. 90% of the clients that approach us don't have a realistic budget, so we have to educate them a lot about what would actually be a viable budget.
 
When I am fielding inbound offers on behalf of clients who own domains, and the offers are lowball, I typically reply with something along the lines of:

Thank you for your offer, which my client politely declines.

My client welcomes serious offers for this [one-word .com domain / brandable two-word .com domain], offers that are in sync with current market values for comparable domains, and by serious I mean offers that are at least [five-figures / six-figures].

- - -

I find this separates the men from the boys, and if the buyer is serious, they will continue to engage. And if not, they were not the ideal buyer.
 
Hmm, something doesn't sound right. Do people really hire brokers with only a couple of thousand as their budget? Sounds more like a line a client himself would say to the seller to emotionally distant himself/herself as a tactic.
That’s also possible, not a broker, but the client itself.
 

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