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Do we need to put a minimum price on our landing pages?

Labeled as advice in Domain Selling and Domain Sales, started by elmoney, Nov 2, 2019

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  1. elmoney

    elmoney Top Contributor VIP

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    What are the disadvantages and advantages?
    Example: We want to sell a domain $3000, if we put min.offer $500, then a potential buyer will think that a domain costs $500 and will insist on it and will not want to pay 3000.
    If we put a high minimum price, this may scare a potential buyer. And if we do not set a minimum price tag, then "buyers" will start spamming with low offers.
     
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  2. kite26

    kite26 Fearless Bird VIP

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    In my opinion, it depends the domain you have and the buyer. For those who want your name, they will negotiate a higher price than $500.I have set for all my names minimum offer $500, but i am now considering to increase it to $1000.
     
  3. lock

    lock DomainUsed.com VIP

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    Last edited: Nov 2, 2019
  4. bonin

    bonin NamesBefore.com VIP

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    My min offer was $100, but after several offers of $101, $103, $150 and $250 in a week time with no response to my counter offer I increased it to $500, maybe I will change it again to $1000...
     
  5. elmoney

    elmoney Top Contributor VIP

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    Dan? Their default min offer is 100 and impossible to remove min offer
     
  6. bonin

    bonin NamesBefore.com VIP

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    You can change the min offer at dan.com at the account settings

    D4D76DDC-FE7D-468E-A58C-2012D7F401BF.png
     
    Last edited: Nov 3, 2019
  7. comati

    comati Established Member

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    put a $3000 BIN ... problem solved
     
  8. elmoney

    elmoney Top Contributor VIP

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    There are impossible to remove min offer/cancel default starting offer.
     
  9. elmoney

    elmoney Top Contributor VIP

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    We want to sell for 3000, however we may accept an offer 2000.
     
  10. HotKey

    HotKey Made in Canada VIP

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    On my custom landers I've set an option to BIN, but also include additional info:
    - reinforcing BIN as "asking price" and
    - providing a direct contact method should buyer prefer to negotiate or other inquiry

    Advantages are it provides the buyer an avenue to buy right away, safely (Escrow button). It saves me a ton of low ball emails because the buyer sees the BIN as my accepted price, but by using the words "asking price" along with a contact method, it won't scare off potential "near to" BIN offers.

    Here's example: cable(dot)media

    If you are willing to accept a near to BIN, I don't see the harm in being transparent and stating a minimum, but I prefer the focus of the lander on my best accepted price on the outset.
     
  11. comati

    comati Established Member

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    based on what? what will make you accept a lower offer?
    because, as a buyer, I may pay 3000 but I want to pay 2000 (actually I want to pay 20)
     
  12. elmoney

    elmoney Top Contributor VIP

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    If a buyer has a limited budget 2000 and can not to pay 3000.
     

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