Domaining Tips: setting deal deadlines

Digital Pandit

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When negotiating a deal to buy or sell a domain name, I think it is important to set deadlines with the other party to ensure the deal is done in a timely manner. I typically set deadlines on offers, on payment date, and on the domain name transfer. This is important for me because I don’t like leaving things in limbo for an extended period of time.

Typically when I am selling a domain name, I will let the prospective buyer know the offer price is on the table for a short period of time. Depending on the domain name and my price, I typically let the buyer know the offer is valid for 48 hours, five days, or one week. The timing depends on a variety of (unimportant) factors to me, but I generally make this clear. I also let the buyer know the price is valid until the deadline or until someone else agrees to buy it just in case.


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