Set A Deadline On Your Price Quotes
I want to share a piece of advice with you that can benefit you in two ways. When responding to an inquiry on one of your domain names, always set a deadline on your price quote.
The first reason for doing this is because your financial situation may change from the time you price a domain name until the time a buyer agrees to buy it. For instance, you might be more motivated to sell a name today and would give a better price than you will be in 6 months. Why create a potential problem with rescinding an offer that was given months prior.
The second reason you should set s deadline is because it creates a greater sense of urgency for the buyer. Much like those infomercials that encourage viewers to act now, your deadline will create more urgency. It may also help hasten a decision when multiple domain names are being considered.
I don’t really see a disadvantage to doing this aside from potentially putting off a buyer who isn’t ready to transact. Even if the buyer comes back after the deadline, you can always agree to sell the name for that price if you want.
I like to use either a week or until the end of the present week when I set a deadline, depending on circumstances related to that particular negotiation.
Do you give buyers deadlines when they ask for pricing, and if you do, what amount of time do you typically give.
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