Hi Joel. Nice to meet you likewise. In going with the philosophy of expert advice on NetFleet, to ensure "activity" and to "generate interest", have a no entry starting bid and a realistic target price. I agree with the advice, but it is also based on perception. I just purchased a domain name for $2k and it's a .net.au. What constitutes a "good deal"? A good deal is a deal in which the buyer and seller are mutually happy and consider it a win/win for both parties. Your bid after the $100 was $120. Now if you can honestly say that you are a domain name professional and you have to start somewhere, I can agree with that, but not with a second offer. Usually in a negotiation, there is immediate grounds for understanding what the expectation of price is going to be by an opening offer and an opening counter offer.
Buyer: I will offer you $100 for your name.
Seller: I will sell it at $100k thanks.
Buyer: (If the buyer is genuine and knows the value of the domain name should either make a "My best last offer $10k" and be done with it, or not even reply at all in my opinion.)
Yeh? The irony to all of the "sales talk" is this mate: Each of those domain names I have mentioned have all received offers in the mid xx,xxx range. We are not wanting to sell them at those prices or we would have already.