Most of the time, the opposite is the best to do. Since domain owners usually ask for “too” much or higher than they would sell it for while if the domain hits the auction you probably would pay reseller price or a little higher.

I did that mistake twice.

First time, it was a domain on Sedo owned by Register.com and their asking price was $350 I bid $100 then $250. After a few days they canceled the negotiations and put it up with a Fixed Price of $2,500.

Second time, it was a keyword domain which I knew it receives traffic related to one of my websites. Two weeks before expiration I was afraid that it might hit the auction and receives a lot of bids due to its traffic. I contacted the owner but he didn’t reply. After three weeks (one week into expiration) that was his exact reply “$6,500 .. no counter offers .. no questions asked”. Of course, I didn’t reply. A year later, I got it for $59 on SN.

Not to say there aren’t some shrewd, successful members there- they know who they are- but they’re a small handful, outnumbered 100-1.

There is a lot of ‘domainer logic’ on that list- in this context, we could probably call it “Namepros Logic”- that couldn’t possibly be any further from what goes in to a winning domain buying/selling strategy.

82)“Follow the traffic. Follow the money” -Frank Schilling

totally agree with this one