This entry applies to both domain sales and website sales. If you’ve experienced an unsuccessful auction on Flippa, make sure to negotiate with the highest bidder (if you had bidders). After every unsuccessful Flippa auction that had bidders on it, you are given 72 hours to negotiate with the highest bidder.
This happened to me thirteen days ago when a Flippa auction I created ended without a successful bid. I decided to present the highest bidder with an offer which was over his $100 bid. He ended up denying the offer of $500 that I provided him with and countered me at $300. I ended up accepting the $300 counter offer because it was still around the amount that I was looking for.
The negotiation segment is my absolute favorite part of listing a domain for sale on Flippa. You have a chance to negotiate past the highest bid you received during the normal auction phase and it gives you a chance to feel out the potential buyer without completely scaring them off. The power is put in both your hands and the buyers hands to come up with acceptable terms that you both feel are fair.
This has happened to me twice on Flippa and in both auctions the buyer countered me in the negotiation phase. I learned that it is important to provide a reasonable offer to the buyer, so they can provide you with a reasonable counter offer. I am sure if I end up in this situation again that the buyer will most likely counter me. It’s just the nature of the negotiation process. So, if your listing ended unsuccessfully on Flippa make sure to negotiate with the highest bidder. You might just walk away with a little extra cash in your pocket if you do so.
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