Domain Empire

Bin?

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When people are selling there domains and put BIN 200. What does that mean?
 
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It gets misused a lot.
If you are making a straight sale there really is no need to list your price as a BIN price.

A BIN (buy it now) price is usually provided in an auction to indicate the acceptable price range.
 
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Thanks ever so much you two :)
 
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Whoops. I assumed that it was just a reserve price, but now I see it B.I.N. Buy It Now.

But then again when you think about it, a buy it now price is almost the same as a reserve price in that, that is a price that you feel it is worth! A price you are happy with

- Luke
 
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BIN is usually much higher than the reserve price..

Well,

BIN price is the price which sounds like: take me now, it's a good deal! It's yours for this money! (and when the seller gets this price, he's actually screaming: Wow! What a day! They bought my domain for such a great price :)


And the reserve price is saying: I may not agree to sell if it's not higher that this $.

I agree with HHDomains that it is misused frequently. I use it sometimes also :)
Probably sellers want buyers to feel comfortable and give them a bit of auction fireworks taste... so that would be intentional use, not misuse.
 
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As you have already learned BIN = Buy It Now.

If you need to know any other acronyms, you can always search at Acronym Finder.

Its a very helpful website and you can type in a search term and they will return a multitude of different categories that you can find the acronym you're looking for in.

Best of luck,

-Steve
 
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stscac said:
As you have already learned BIN = Buy It Now.

If you need to know any other acronyms, you can always search at Acronym Finder.

Its a very helpful website and you can type in a search term and they will return a multitude of different categories that you can find the acronym you're looking for in.

Best of luck,

-Steve

Thanks for the link :)
 
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and what does it mean Bin which is right after cgi- ? :)
 
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Umm lemme gues... it's a hard one :)

cgi-Bin?
 
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gugush said:
and what does it mean Bin which is right after cgi- ? :)
vip-ip said:
Umm lemme gues... it's a hard one :)

cgi-Bin?
:lol:

The definition appears below:
Definition of "CGI-BIN" - http://www.jnawebservices.com/support/glossary.php said:
The most common name of a directory on a web server in which CGI programs are stored. The "bin" part of "cgi-bin" is a shorthand version of "binary", because once upon a time, most programs were refered to as "binaries". In real life, most programs found in cgi-bin directories are text files -- scripts that are executed by binaries located elsewhere on the same machine.

Hope that helps.

:D

-Steve
 
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