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Floor Price:
The floor price is the lowest acceptable sales price our sales executives can negotiate without seeking your approval. This price is not viewable to buyers.
Reserve Price:
The reserve price is the minimum price you will accept. This price is not viewable to buyers.
I wanted to list my domains on afternic with both BIN and make offer options. Now I am strugging with these two terms.
Both of them are absolute minimum prices I am willing to sell my domain for, arent they?
Moreover I highly doubt that if I give permission (floor price) to negotiate at a lower price, why a "sales executive" will negotiate manually on my behalf? Wont they automatically reject or accept the offer depending on my floor price met or not? Then how is it different to reserve price?
Please help folks.
The floor price is the lowest acceptable sales price our sales executives can negotiate without seeking your approval. This price is not viewable to buyers.
Reserve Price:
The reserve price is the minimum price you will accept. This price is not viewable to buyers.
I wanted to list my domains on afternic with both BIN and make offer options. Now I am strugging with these two terms.
Both of them are absolute minimum prices I am willing to sell my domain for, arent they?
Moreover I highly doubt that if I give permission (floor price) to negotiate at a lower price, why a "sales executive" will negotiate manually on my behalf? Wont they automatically reject or accept the offer depending on my floor price met or not? Then how is it different to reserve price?
Please help folks.