poll Best Pricing Strategy

[NameFinest]

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

 

[zotix]

1949

Am i getting it right, that you make fun with the 2nd World War? But I'm glad you paid attention to history classes. In Germany, jokes like that are not appreciated.
As it happens, the USA was the zone of occupation 1945-1949 in Germany. So please don't make jokes like that. Even if you only wrote one number, it's pretty clear it wasn't random.

 

[dirk]

Am i getting it right, that you make fun with the 2nd World War? But I'm glad you paid attention to history classes. In Germany, jokes like that are not appreciated.
As it happens, the USA was the zone of occupation 1945-1949 in Germany. So please don't make jokes like that. Even if you only wrote one number, it's pretty clear it wasn't random.

I would recommend you some history lessons. Cheers.

 

[zotix]

I'm from Germany; I guess I know much better than you about German history.

 

[wh0isthis]

ending with 88 seems pleasing the Chinese. Statistically? a number with lower digits, which are 1,2,3,4,5, is more likely a thing of reality.

 

[Wesley S]

i sell my in 5 increments. eg, 125, 150, 175, 5000, 500k if i was to make saley i would use 99

 

[MrDhruv]

Most of them are going with $1988, I was wonder, that why people not going with $1999 or Round figure like $2000 or $3000 ?

Here I can see the attraction towards 88, Its looks like some design I think.

 

[Sam1234]

Am i getting it right, that you make fun with the 2nd World War? But I'm glad you paid attention to history classes. In Germany, jokes like that are not appreciated.
As it happens, the USA was the zone of occupation 1945-1949 in Germany. So please don't make jokes like that. Even if you only wrote one number, it's pretty clear it wasn't random.

Wow I just saw your ridiculous post. I really don't give a crap about Germany and my number had nothing to do with World War 2. Thank you for your input.

 

[zotix]

My friend, if you live in this country, this topic is still compassionate. You don’t need to call it ridiculous. Great day

 

[zotix]

Wow I just saw your ridiculous post. I really don't give a crap about Germany and my number had nothing to do with World War 2. Thank you for your input.

Your answer is not very disrespectful. Think about it

 

[VRdommy]

The value is in the name, not the price.

You are looking at it sdrawkcab

Are you guessing they do not really 'NEED' it ?
Or that they can not afford it ?

That is a hard guess when you unlikely know who they are.
Let them tell you in an offer. Easier than reading tea leaves.

You are not selling shoes.

 

[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

 

[NameGroove]

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

NameBio:

NameBio @NameBio February 2, 2023

The bottom 30% of the portfolio was priced into three buckets: $1795 (20%), $1295 (5%), and $995 (5%). After three months of testing, this group of names was contributing 14% to our total sales by quantity. 3/7

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NameBio @NameBio February 2, 2023

As an experiment, for the next three months we combined those buckets into a single price point: $2195. Logically we were expecting fewer sales, but we wanted to see if the higher price could more than offset the decrease in STR. 4/7

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NameBio @NameBio February 2, 2023

But something shocking happened... the number of sales didn't decrease. The bucket was still contributing 14% to our total sales by quantity, except now it was contributing 38% more to our gross revenue. 5/7

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Squadhelp:

Darpan @darpanmunjal July 29, 2020

We don't see much price sensitivity among buyers for Brandable domains priced under $2K.

We have tested several price points and have concluded that there is no material sell-through impact whether you price a domain at $1499 or at $1999.

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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

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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:

NameBio @NameBio February 2, 2023

The bottom 30% of the portfolio was priced into three buckets: $1795 (20%), $1295 (5%), and $995 (5%). After three months of testing, this group of names was contributing 14% to our total sales by quantity. 3/7

View original Load full embed

NameBio @NameBio February 2, 2023

As an experiment, for the next three months we combined those buckets into a single price point: $2195. Logically we were expecting fewer sales, but we wanted to see if the higher price could more than offset the decrease in STR. 4/7

View original Load full embed

NameBio @NameBio February 2, 2023

But something shocking happened... the number of sales didn't decrease. The bucket was still contributing 14% to our total sales by quantity, except now it was contributing 38% more to our gross revenue. 5/7

View original Load full embed

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Squadhelp:

Darpan @darpanmunjal July 29, 2020

We don't see much price sensitivity among buyers for Brandable domains priced under $2K.

We have tested several price points and have concluded that there is no material sell-through impact whether you price a domain at $1499 or at $1999.

View original Load full embed

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?

 

[NameGroove]

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?