There is this domain name (.com) that fits perfectly with a new site that I want to develop. It is a geographic name but is only of value for the site that I want to develop on it. The owner currently want 1,800 dollars for it. I want to pay about 300 as it is not worth more in my mind. How do I negotiate it down. I have never bought a domain from the aftermarket, so, I'm lost. I previously registered this very same name with a 1 at the end and it still sounds good, so, do I use the one with the 1, or can I negotiate such a big price reduction on the aftermarket? (example ... widgetnet.com or widgetnet1.com)
I always tried to discover a little bit about the person I am negotiating with before proceeding. You can try any approach you want to negotiations since you never know what will work with any individual. I think it's better to know something rather than nothing at all. My approach enabled me to complete deals, especially on the "buy side", with folks most people could never reach - much less do business with.
Experienced domainers aren't the best negotiators. They have a value/price in mind for their domains and their minds aren't changed by the opinions of folks with little aftermarket knowledge or experience.
For a domain in your price range (offer 300 / demand 1800) my advice is to make your offer, put a time limit on it, explain that you are considering other options and move on if you don't receive a favorable reply.
[edited by: Webwork at 8:11 pm (utc) on June 11, 2008]