Chris.C
Top Contributor
Hi NF, I'm back with more suggestions...
So I was thinking about it today, often one might get an offer via the NF catalogue listing that they think is OK, but not great, and they will shoot back a counter offer, and then buyer might make an improved bid or they might not, but ultimately I find most of the time the counter offering fizzles out with the buyer and seller not being able to find middle ground, even if they weren't far off.
From time to time the buyers final counter offer leaves me torn about whether to accept it or not and as a result I normally submit what I consider to be a reasonable counter offer, but I want to give them as much of the 7 days as possible to decide whether they are willing to accept the domain at the counter offer price or again come back with a counter offer.
If after 6 days or so they, if they haven't responded, I normally decide if I'm willing to take their last offer or not, but it would be really good if we got an email that reminded us that an offer we have on a domain is expiring in 48 or 24 hours which suggested to the seller that they can either accept the offer or put in a lower counter offer or something, because often I forget about the offer, and it ends up just expiring and I look back at it a couple of days later and think to myself, man I should have just taken the money I can't believe I forgot.
And of course the flip side is true as well, I think an email should be sent to the buyer when they have received a counter offer that it has only 24 - 48 hours left before it expires.
And let's face it when either buyers or sellers have a time constraint placed on them they are far more likely start thinking about whether they are willing to budge a little more and a simple automatic email would probably do quite a bit to bring both buyer and seller back to the bargaining table, which is always a good thing for both parties.
One thing you could also do with this, if you wanted to favour the sellers and try to get higher priced domain sales, would be send the email to the buyers with 48 hours to go encouraging them to make another bid or accept the counter offer, and then send one to the seller with 24 hours notice, so that you are encouraging the buyer to take action first (of course this would depend on the seller getting their counter offer to the buyer within 24 hours which I think is a good thing to encourage in general).
What's everyone think of my idea, both just as a reminder notice, and two as a strategy to helping get sales over the line?
So I was thinking about it today, often one might get an offer via the NF catalogue listing that they think is OK, but not great, and they will shoot back a counter offer, and then buyer might make an improved bid or they might not, but ultimately I find most of the time the counter offering fizzles out with the buyer and seller not being able to find middle ground, even if they weren't far off.
From time to time the buyers final counter offer leaves me torn about whether to accept it or not and as a result I normally submit what I consider to be a reasonable counter offer, but I want to give them as much of the 7 days as possible to decide whether they are willing to accept the domain at the counter offer price or again come back with a counter offer.
If after 6 days or so they, if they haven't responded, I normally decide if I'm willing to take their last offer or not, but it would be really good if we got an email that reminded us that an offer we have on a domain is expiring in 48 or 24 hours which suggested to the seller that they can either accept the offer or put in a lower counter offer or something, because often I forget about the offer, and it ends up just expiring and I look back at it a couple of days later and think to myself, man I should have just taken the money I can't believe I forgot.
And of course the flip side is true as well, I think an email should be sent to the buyer when they have received a counter offer that it has only 24 - 48 hours left before it expires.
And let's face it when either buyers or sellers have a time constraint placed on them they are far more likely start thinking about whether they are willing to budge a little more and a simple automatic email would probably do quite a bit to bring both buyer and seller back to the bargaining table, which is always a good thing for both parties.
One thing you could also do with this, if you wanted to favour the sellers and try to get higher priced domain sales, would be send the email to the buyers with 48 hours to go encouraging them to make another bid or accept the counter offer, and then send one to the seller with 24 hours notice, so that you are encouraging the buyer to take action first (of course this would depend on the seller getting their counter offer to the buyer within 24 hours which I think is a good thing to encourage in general).
What's everyone think of my idea, both just as a reminder notice, and two as a strategy to helping get sales over the line?
