discuss Fixed price strategy

[twiki]

I wonder how many domainers here are currently using a fixed price strategy?

No min offer. BIN or go away.

I've been testing this since January and has been very good for me. Had best February ever.

The catch is though, precise pricing. I know my pricing is competitive/affordable so there is no reason to min offer. Besides about 9 out of 10 buyers will BIN anyway.

I rarely get offers. And when I do, I get lowballers or tough negotiators that after negotiating will not pay for the domain. So what the heck, decided not wasting time on them anymore. Either buy, or go away.

This pays well for me. What about you?

Edit: The nonpayer thing happens regardless of marketplace, anywhere at Afternic, Sedo, Dan.

 

[twiki]

3 features on the sales page
Buy Now
make an offer
Lease-to-own option

Why can't they have that??

They can.

However fixed price leaves little time for thinking and weighting options, and increases sale ratio in my experience.

That's why.

 

[marijuanadomain]

They can.

However fixed price leaves little time for thinking and weighting options, and increases sale ratio in my experience.

That's why.

From my VAST LIFE EXPERIENCES, it is not!!
The more options the better
Life is like a box of chocolates!!

 

[Samer]

From my VAST LIFE EXPERIENCES, it is not!!
The more options the better
Life is like a box of chocolates!!

Ty, Yup!!

I hate the games of “make offer”

Especially if it’s fail broker. No games. price bin

 

[twiki]

Ty, Yup!!

I hate the games of “make offer”

Especially if it’s fail broker. No games. price bin

Same here.

Give me a break, lowball buyer. Pay up, or go away. Sorry for being direct.

 

[Future Sensors]

Hi @tupungato

I can write pages, but I decided to keep it short

It's just another phase in setting my prices.

I have no empirical evidence that domains priced with **88 sell better than domains priced with other roundings. Pricing is just one variable in a complete mix, and I tend to think that the method of rounding is not as important as the overall price level. (This may different for extremely low priced domains.)

It has to have the looks. I try not to use too many different numbers in the price, so that the number can be understood quickly. For me, 2,580, 2,500, 2,499, 2,488, and 2,450 are all fine.

Here's another historical thread with the same topic:

https://www.namepros.com/threads/end-your-buy-now-pricing-with-95-99-88-or-00.1027346/

Another day. Time for new fixed pricing categories

Back to pretty plain and simple again.

(GBP) 45,000 - 35,000 - 25,000 - 19,500 - 14,500 - 12,500 - 9,500 - 6,500 - 5,500 - 4,500 - 3,500 - 2,500 - 1,750 - 1,250 - 950 - 750

Please note that DAN.com also lists the EUR/USD/etc equivalent to visitors, which may look very different.

 

[Ngawangtashi]

BIN Offer Increases the sales ratio more than make offer, i guess

 

[twiki]

BIN Offer Increases the sales ratio more than make offer, i guess

That's not what this thread is about.

Usually with BIN you also use a make offer price as well. For example on Afternic you have to set both.

Fixed price means you set min offer the same as BIN, so that's the only price that can be used. Either buy or not, no price negotiation.

 

[Name Trader]

I've been trying to move to BIN for everything for at least 3 years. This year I have mostly succeeded. I have tiered pricing but usually $888, $1888, $2888, $3888, 5000, 5888 etc I'm probably still a long way behind some of the members here in terms of sophistication. But I'm learning This year I have broken even for the year even if I don't sell anything for the rest of the year, and it's still not half-way thru the year. So this year is going to be good year, at worst

I sell only on my own website and on Afternic. Mostly sales have gone thru Afternic/GoDaddy Brokers. I have learned to be much tougher with Afternic/GoDaddy Brokers because they are in it to get the lowest price for their clients. They don't exactly low-ball you, but they use strong language that they think their client cannot go any higher. After being caught out the first time, I push back hard. And generally get a higher offer. Even if they come back and say they can't get any more, their existing offer is still on the table to accept. So you know the bottom line price. So I usually counter-offer.

 

[NameBuyer.com]

I've been trying to move to BIN for everything for at least 3 years. This year I have mostly succeeded. I have tiered pricing but usually $888, $1888, $2888, $3888, 5000, 5888 etc I'm probably still a long way behind some of the members here in terms of sophistication. But I'm learning This year I have broken even for the year even if I don't sell anything for the rest of the year, and it's still not half-way thru the year. So this year is going to be good year, at worst

I sell only on my own website and on Afternic. Mostly sales have gone thru Afternic/GoDaddy Brokers. I have learned to be much tougher with Afternic/GoDaddy Brokers because they are in it to get the lowest price for their clients. They don't exactly low-ball you, but they use strong language that they think their client cannot go any higher. After being caught out the first time, I push back hard. And generally get a higher offer. Even if they come back and say they can't get any more, their existing offer is still on the table to accept. So you know the bottom line price. So I usually counter-offer.

I've had 3 lately that I've dragged my feet on replying to the Afternic broker regarding a "firm" offer at between half my price to 3/4 my asking price. One was offering $4-$5k on a $7.5k domain. All 3 cases sold at the asking price by me not replying after the first email confirming it was still for sale and that I wanted to stick to the asking price.

In all 3 cases I dragged my feet for less than 1-2 weeks.

 

[Name Trader]

I've had 3 lately that I've dragged my feet on replying to the Afternic broker regarding a "firm" offer at between half my price to 3/4 my asking price. One was offering $4-$5k on a $7.5k domain. All 3 cases sold at the asking price by me not replying after the first email confirming it was still for sale and that I wanted to stick to the asking price.

In all 3 cases I dragged my feet for less than 1-2 weeks.

So did the buyers reach out to you directly, or did they buy because you hadn't replied to the afternic counter offers? Many times it would depend on the name, IMHO.