strategy What Is Your Overall Ratio Of Number Of Offers To Sales?

I was outside the edit window for this thread once I got the main article up, but you can find it at the following link, and at bottom of the article all of the associated poll links are grouped in one place.
https://www.namepros.com/blog/setting-the-minimum-offer-value-for-a-domain-name.1216792/
Thank you very much for your participation.
I will be summarizing all results and comments in a future NamePros Blog post.
Bob

This is difficult to really model I am measured analysed regularly eg work in sales as quote to sale or walk in ratios but there can be 3 d1xxheads in a row that seem to ruin the ratios always someone with nothing better to do or just want information.
A good sales person could achieve.
1 in 2 best time ever
1 in 6 average for a top sales person
40% of quotes
Modeled from retail industry.

The sales ratio really depends on things like your minimum offer, asking price, and negotiation ability.

If you don't have a minimum offer you are going to get a lot of sub $100 or other non serious offers. When you raise the minimum price, you get fewer more qualified offers.

I would guess my rate is around 1 in 15 or so, across all venues.

At the same time I have domains that have 100+ offers that I still own, because none of the offers matched my valuation on the domain.

I have had many other domains that sold on their first offer ever.

Brad

Another really interesting question is what is the offer/sales closing ratio for professional brokerage forces (Uni, Afternic, etc.) vs. those you have achieved on your own. In my experience, when handling sales directly, I close one out of 3-5 offers... My luck with "professional" brokers has been closer to 1/20 (But these are usually my bigger-ticket names that may require special handling, financing, etc...) I've actually asked broker services about the ratio, but the brokerage guys keep these figures close-to-the-vest, for obvious reasons. (Also, I'm sure there's a large variation between individual brokers, depending on skill level, motivation, etc.) As to the general offer traffic question, I would agree that "looky-loos" and lowballers have increased markedly over the years, as many more folks are involved in domaining, but a high minimum offer helps separate the "wheat from the chaff" quite efficiently...

5:10, 10:20 are the same ratio of 1:2

DomainBanana said:

5:10, 10:20 are the same ratio of 1:2

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Perhaps my wording was unclear but the intention was that the ratio was somewhere between 5 and 10 is what 5-10 means. For example if you had 70 offers and 10 sales your ratio is 7 and you would make that your selection. If your ratio was somewhere from 10 up to 20 you would make the other choice.
Bob

bmugford said:

At the same time I have domains that have 100+ offers that I still own, because none of the offers matched my valuation on the domain.

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Curious: do you have some BIN price on such domains?
What minimum price do you set in relation to expected price?

Bob Hawkes said:

For example if you had 70 offers and 10 sales your ratio is 7 and you would make that your selection

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Hi

what if the 70 offers were all for only 1 domain that didn't sell,
and you had 3 sales that never got previous offers

and, what if the total amount of one of those sales,
was more than the total amount of the 70 offers

and, what if the total amount of those 3 sales,
was more than enough to renew the whole portfolio for more than a year,
and the str was only 1%....and you been buying and selling domain names now, for 18 years

and during all that time, you ask yourself.... "self, was ratio really a metric of concern"?

and self says "nope".


imo....