question How does price request work?

[Leo2k]

Received price request mail for a domain from Afternic.

Would they reply back stating the offer price if we ask for it or is it necessary to set a Bin and floor price before we get any info?

I have set it as custom lander with No Bin and enabled make offer and visiting the domain actually shows Make offer page. So even if the buyer has made an offer, would we just get price request mail?

I just wanted to know how much Max buyers would like to offer before deciding any Bin. What's the best strategy to follow?

 

[silentg]

Does your domain have a BIN set at Afternic?
Any lead on the domain in Lead Center?

 

[Leo2k]

Does your domain have a BIN set at Afternic?
Any lead on the domain in Lead Center?

Didn't set any Bin or Floor price. Just let it with the default Min offer $20 so that Make offers won't be all the minimum price mentioned.

This is what i see in the Lead center.
Showing 2 offers on the same lead.
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We have received a new inquiry on xxxxx.com. Before we can start negotiations, we need to know your asking price.
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Status updated to Active Discussions - Engaged with buyer
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Offer received for $20
We have received an offer to purchase this domain name.
It looks like you haven’t set a minimum offer in line with the estimated value of your domain. We recommend that you change that to a more realistic minimum offer so we don’t waste your time with offers you will not consider.
--
Status updated to Negotiations Stalled
No pricing received

 

[silentg]

When i got those e-mails and I set a BIN, it went nowhere.

Research your name to see if there are new companies

 

[Leo2k]

When i got those e-mails and I set a BIN, it went nowhere.

Research your name to see if there are new companies

No, there are no companies in that name. It's two common keywords name.

 

[silentg]

$20 offers are usually domain investors. Increase the MIn offer and set a high bin and let the broker deal with it.

 

[Jannes]

this is what they mean:

We recommend that you change that to a more realistic minimum offer so we don’t waste our time with offers you will not consider.

 

[Leo2k]

this is what they mean:

Lol yes. I understood that part while reading it. I just don't want to set a minimum price and limit the final price around it. Want to see how much end users would be ready to offer without giving them a hint by specifying a minimum offer price.