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]

I'm returning to domaining, and I'm using BIN to start with a few. My difficulty is in deciding on the currency. I'm in the UK, and gave up my dollar account years ago, so I want to be paid in Sterling or Bitcoin. I'm quoting a BIN in dollars, as that seems to be the main negotiating currency, and I'm listing them with DAN. I assume I can receive payment in Bitcoin, so the currency quoted is really the one that gets the best results.

I'm thinking of quoting the price in Bitcoin, and I wonder if that could speed up negotiations if Bitcoin goes on a tear.

This is offtopic.

 

[tupungato]

The only fixed price categories I currently have on DAN.com are (in GBP currency) - 34,500 - 24,999 - 18,888 - 14,888 - 12,888 - 9,750 - 6,488 - 5,488 - 4,488 - 3,488 - 2,488 - 1,688 - 1,288 - 945 - 788. These categories enable me to slightly move popular domains to a higher price point, and vice versa. This depends on relative popularity per domain topic, per price category, per TLD, by expiration date, etc.

I have noticed that these type of prices, with 888s are somewhat popular. Is there a particular reason? Like lucky numbers for Chinese investors? Why 788, not 799?

 

[Samer]

Easier to read, I guess. But the difference in sales is however minimal.

I have my own set, some are 88, others ending in 99 or 95.

Have your pick.

Hell no;
88 “lucky” not just Chinese, but many cultures.
Mike Mann often uses “88” price end point too

“You take what boost you can get.” end in “88” $188, not $199, maybe you’ll 10x sales

 

[Ngawangtashi]

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

 

[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.