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Are You Pricing Yourself Out of the Market?
by @Keith DeBoer
"Arriving at the real value of a domain is like a blind man, in a dark room, looking for a black dog – that just might not be there…" -- Unknown
The most common mistake new domainers make is overvaluing their domains and listing them at ridiculous prices that no one will pay. After a while they feel frustrated and start asking: How much is my domain worth? The often heard answer to that question is: It’s worth what someone will pay for it. An answer that while completely accurate is simultaneously useless.
I think pricing is one of the most underrated variables in our industry. It can make or break our business model. Price too low and we risk leaving big money on the table. Price too high and we decrease the chance of a sale or possibly even price ourselves right out of the market.
I don’t have the magic solution to the pricing conundrum. But I can do what I usually do. Provide some sales data, give you my two cents and let you make up your own mind
Read more of this post
https://dngeek.com/2018/07/are-you-pricing-yourself-out-of-the-market/#more-7451
by @Keith DeBoer
"Arriving at the real value of a domain is like a blind man, in a dark room, looking for a black dog – that just might not be there…" -- Unknown
The most common mistake new domainers make is overvaluing their domains and listing them at ridiculous prices that no one will pay. After a while they feel frustrated and start asking: How much is my domain worth? The often heard answer to that question is: It’s worth what someone will pay for it. An answer that while completely accurate is simultaneously useless.
I think pricing is one of the most underrated variables in our industry. It can make or break our business model. Price too low and we risk leaving big money on the table. Price too high and we decrease the chance of a sale or possibly even price ourselves right out of the market.
I don’t have the magic solution to the pricing conundrum. But I can do what I usually do. Provide some sales data, give you my two cents and let you make up your own mind
Read more of this post
https://dngeek.com/2018/07/are-you-pricing-yourself-out-of-the-market/#more-7451