poll Best Pricing Strategy

[TopBrandsForSale]

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

 

[DmytroK.]

It matters, definitely. It should be simple for buyer. He or she should understand how much he or she pays. 1989$ or 1997$ is not good. 2000$ is ok. or 2200$. Or something like that.

 

[QDomains]

I will go with 1988
'8' is a symbol of lucky

 

[Sperry8]

According to research by NameBio ( @Michael) and Squadhelp ( @GrantP), it really doesn't matter at this price point:

NameBio:

https://twitter.com/x/status/1621065222948536320

https://twitter.com/x/status/1621065224697815046

https://twitter.com/x/status/1621065226660765696

---

Squadhelp:

https://twitter.com/x/status/1288267010867175424

Wow! I'm going to move my name pricing based on this data. What a lovely post!

 

[DmytroK.]

I think the best price is the most simple to mind price. 1000 or 2000 or 50000, or something like that. Less numbers, more zeros.

 

[JB Lions]

I already have all my domains priced, I'm going thru them all again to check/maybe reprice. I checked 4 big domainers what they're doing:

Media Options - 00 - bigger domains/price, like
85,000
125,000
199,000
249,000 .....250,000 not sure why with that

Buy Domains
288
388
488
588
688
increments of 100 on up

Huge Domains
495
595
695
795
985
increments of 100 on up

Mike Mann - Domain Market
1888
2888
4888
8888
9888
14888
19888
24888
29888
39888
49888
59888
79888
94888
149888
194888
and so on

--------------
Don't think I want to do $100 increments like Huge Domains and Buy Domains. I think more like Mann, bucket approach. Have some set prices, evaluate your domains and pick whatever bucket is closer.

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

500
750
1000
1500
2500
5000
on up
something like that, still thinking about it

 

[leopardini]

According to research by NameBio ( @Michael) and Squadhelp ( @GrantP), it really doesn't matter at this price point:

NameBio:

https://twitter.com/x/status/1621065222948536320

https://twitter.com/x/status/1621065224697815046

https://twitter.com/x/status/1621065226660765696

---

Squadhelp:

https://twitter.com/x/status/1288267010867175424

Wait a minute. This means there is no impact for pricing a name valued under 2K anything between $1.99 and $1999? Did I read that right? Meaning I could price all my crap domains at $1999 and the STR would remain the same as if I had priced them at 19.99?

How can this be true? Why would this be true. Is it only true for SquadHelp's client base?

 

[Sperry8]

Wait a minute. This means there is no impact for pricing a name valued under 2K anything between $1.99 and $1999? Did I read that right? Meaning I could price all my crap domains at $1999 and the STR would remain the same as if I had priced them at 19.99?

How can this be true? Why would this be true. Is it only true for SquadHelp's client base?

You read it right, but it is only true for SH's premium brandable (curated) names. It likely doesn't work for crap and it may not work for non-brandables. But if a name is decent (at least to the level of SH's premiums - then the data is likely correct).

 

[Bravo Mod Team]

This means there is no impact for pricing a name valued under 2K anything between $1.99 and $1999?

Not necessarily.

These tests were done for domains that have a minimum appraised value of around $1,000 or more. Those appraisals were done by a veteran domain appraiser in the case of NameBio, or a veteran team of domain appraisers in the case of SquadHelp.

None of those appraisers would appraise cook-the-best-hamburger.live as worth $1,000 or more, so it wouldn't apply to it.

We hope that helps.

 

[mazharul41]

️ According to my view, $*88, $**88, $***88, etc. (the last portion of a price value) are more engaging.

Note: I sold a few domains with this type of pricing.

 

[JB Lions]

️ According to my view, $*88, $**88, $***88, etc. (the last portion of a price value) are more engaging.

Note: I sold a few domains with this type of pricing.

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

 

[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).