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To BIN or not to BIN?

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After having a reasonable amount of success over the past year with BIN-pricing/selling brand-centric domains, I am now running an experiment and have removed the BIN prices from close to 8,000 domains (most prices were frozen between $2K-$5K, sweet spot) to see if this adjustment increases sales, even if just by a little.

BINs may move more inventory if priced right. However, "make offer" does hold some advantages:

- these listings can generate more leads from buyers with smaller budgets (some of these could have moved on/been turned away from the "too high" BIN prices). These extra leads may lead to more sales
- With "make offer", you are in a better position to negotiate higher sales for best names; prices can indeed be reviewed and tweaked on an offer-by-offer basis. Technology/new products are emerging on a daily basis and suddenly some names could spike in value. BIN (in these cases that are few and far between) would mean leaving potential profits on the table.
- "make offer" also avoids selling domains that no longer belongs to you.

Feel free to share your experiences with "make offer" / BIN-based sales. What works best for you?
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
I'm doing the exact same thing currently. I removed BIN from all my names at the beginning of the month to see the effect. It's going to be a 1 or 2 months experiment. I don't have nearly as many domains as you have so you'll definitely have a better valuation of this idea. Cheers.
 
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They both have pros and cons. Either of the two is OK. Quality portfolio should be our target
 
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BIN only, because of those fast transfer networks. Up to $2k is BIN most.
I personally don`t see any advantages to Make offer. Usually, too many cheapskates offering $90, time waste.
 
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My domain sold for 15k only because had not added the name on marketplaces and a broker contacted me.

I would have priced it at around 9k bin.

That said I still prefer bins
 
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1.BIN leaves money on the table, so I would never consider setting BULK BIN pricing.
2.Make offer is a JOKE! I will save you all the hassle having used EFTY for 12 months+, 99% of offers will come as $100-$300 offers.

IGNORING ALL inbound offers works best for me. I reply by stating my price, and followup until they buy from me :)
I simply do not care what the inbound offer is...can be $100 can be $1000. It doesn't matter to me.
Not a flipper anymore, I invest long term.
 
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I prefer BIN. Make offer leads to low balls, which are seldom redeemable for good sales. I think they might also scare real buyers away assuming you want an absurd amount
 
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For excellent names - Make offer (you may provide range if you wish)
For average names - BIN
 
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