poll Best Pricing Strategy

[NameFinest]

Hi, I'm wondering which price has the highest STR.
And if this really matters.

 

[mazharul41]

If it was 85 or 90 instead of 88, do you think the sales still happen?

Endusers (domain buyers) also like this type of price (85, 90, 95, etc.), but it depends on the high domain interest.

If any end user feels that he needs a targeted domain, then he may choose at any price in his budget range.

But according to my experience, I have realized that the 88 value attracts more end users (this estimation is not true all the time).

 

[maya-zir]

I never buy anything if I see something like 9,99 or 9,95.
I prefer 10 or 9

 

[biggie]

Think I'll also be changing to 00 or 50 at the end instead of 88, 95, 99 etc.

Hi

going back to 2014 at sedo, my sales figure endings were 00 or 50.
i had two outliers 55 and 75

from 2013 to 2009, most ended with 00, and a mix of 25, 50 and one 75.
and going back to 2004, majority were 00 and 50, but also had a couple of oddities, a 73, and a 65.

imo...

 

[xbank]

well 888 also not matters etc, because third party sites add up there markup which makes the price figure totally different

 

[M Ashraf]

99 have 2 advantage one is you get extra few bucks if you list 88 and another thing is $6.99 more seem cheaper than $7.

 

[Optimal Names]

Interesting pricing psychology I read some time ago by a guy named Nick Kolenda:

https://www.kolenda.io/guides/pricing

 

[HaveANiceDay]

My two cents:

For prices under 1k I would apply these two options 750$ or 988$

For prices between 1k to 4k I would go with something like 1488 or 1699 or 1988.

For prices between 4k and 10k, I'll keep 4950, 6950, etc... (but I'm not 100% convinced about this)...

Above 10k I mostly price straightforward, 15000, 18000, 25000, etc...

What's your take?

Why 50$ will trigger buyer? I think if domain is really good it does not matter if price is 5000 or 4950

 

[Kyle Tully]

Why 50$ will trigger buyer? I think if domain is really good it does not matter if price is 5000 or 4950

$5k is a common credit card and/or corporate spending limit before requiring approval, so I try to factor in the domain price plus a year of renewal to stay under the $5k limit.

 

[ArielT]

Why 50$ will trigger buyer? I think if domain is really good it does not matter if price is 5000 or 4950

It's more about a psychological perception of a possible arbitrary and greedy price ( example 5000) VS a possible market price ( example 4950 )

Just go and see prices on Amazon, etc

 

[Wesley S]

just changed my vote to $1988. ty.

 

[Future Sensors]

plus a year of renewal

I appreciate your attention to these subtle details.

 

[Joe drake]

Hi, I'm wondering which price has the highest STR.
And if this really matters.

most people list at 1988 so probably that but buy domains uses 95 ending they did a study on it and thats best

 

[Qezdabo]

is 8 really a lucky number in China ?

I'm saying this as someone who's not from the west or usa, and when I read the news about my country or neighboring countries, and they talk about something we like or we do, I always laugh on how much they get wrong.

China has 1.5 billion people, and a lot of languages, religions, histories...etc I bet if you went to china now and ask about lucky numbers, the majority either don't know, don't care, or say it's a myth in some province...

 

[Kyle Tully]

is 8 really a lucky number in China ?

I'm saying this as someone who's not from the west or usa, and when I read the news about my country or neighboring countries, and they talk about something we like or we do, I always laugh on how much they get wrong.

China has 1.5 billion people, and a lot of languages, religions, histories...etc I bet if you went to china now and ask about lucky numbers, the majority either don't know, don't care, or say it's a myth in some province...

If only we had access to all the worlds knowledge at our fingertips and could answer this question ourselves rather than betting…

—

Yes, 8 is considered a very lucky number in Chinese culture—arguably the luckiest. This is mainly because the pronunciation of the number eight (”bā” in Mandarin) sounds very similar to the word for “wealth” or “prosper” (”fā” as in “fācái” from the phrase gōngxǐ fācái, meaning “wish you prosperity”).

Because of this:

• People often pay extra for phone numbers, license plates, and addresses with multiple 8s.
• The 2008 Beijing Olympics officially started on August 8, 2008 (8/8/08) at exactly 8:08 PM.
• Businesses frequently open or launch on days with 8s in the date.

It’s especially popular in southern China, including Hong Kong and Guangdong, where Cantonese-speaking communities also associate it with good fortune.

 

[Bname.com]

1999 ,1988 1995,1990 all good ...don't 2000

 

[DATARX]

• $1995​

 

[ikechukwuweb]

Hi, I'm wondering which price has the highest STR.
And if this really matters.

$1997