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Is The Number Of Low Offers An Indicator Of Domain Value?

Labeled as strategy in Domain Buying and Selling Discussion, started by Bob Hawkes, Nov 18, 2020

Replies:
14
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1,049

?

Is the number of low value offers received an indication of the worth of a domain name?

  1. Yes

    47 votes
    28.7%
  2. No, not at all

    75 votes
    45.7%
  3. It is a weak indicator of worth

    42 votes
    25.6%
Total: 164 vote(s)
  1. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    Some set their minimum offer amount low, and use interest as expressed by number of offers received, even low ones, as one indicator of the value of the domain name and whether it should be retained. Clearly this is not the only indicator, since you could also consider lander views, Whois lookups, sales of similar names, etc. But do you think number of offers is one valid measure?

    This is part of a NamePros community series of polls around the topic of setting minimum offer amounts. Please make sure to read the central article here, and vote in that poll, as well as all the linked ones.

    I will summarize the results of all of the polls, and the comments made, in a future NamePros Blog post.

    Thank you for your input,

    Bob
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. tonyk2000

    tonyk2000 Top Contributor VIP ★★★★★★★★★★

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    I'd say that the lack of any offers may be an indicator to some extend (the domain may not be good actually).

    As for the value... it means almost nothing imo. If there is an option to make an offer - many will send as low amount as the system allows them to. Which is normal. Human nature :)
     
  3. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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  4. Ostrados

    Ostrados EpicName.com VIP

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    This is tough question that needs deeper thinking that it looks.

    If we are talking here about low offers from end users not resellers then:
    • Receiving low offers on a domain means it have a value but it does not tell you what the value is.
    • Not receiving offers on a domain name does not necessarily mean the domain has no value, it only indicates there is no potential buyer yet. Some domains never receive an inquiry for years and then suddenly get sold for 5 figures.

    So my answer is: "No, not at all"
     
    Last edited: Nov 19, 2020
  5. sbweb

    sbweb Top Contributor VIP ★★★★★★★★★★

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    Everyone low balls on their initial offer. It's just basic buying psychology. Your goal is to pay as little money as possible for whatever it is. You don't start high and go higher. You start low and go up in small increments til a deal is reached.
     
  6. Sutruk

    Sutruk Top Contributor VIP

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    Yes, definitely. It doesn't mean that a domain without previous offers doesn't have any value, of course. But a domain with many offers from different people, it means there's something valuable in that one.
     
    Last edited: Nov 19, 2020
  7. DomainRecap

    DomainRecap Top Contributor VIP

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    This tactic can help gauge potential interest and future sales potential, not value.
     
  8. Haroon Basha

    Haroon Basha IZUQ.COM VIP Gold Account

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    Some insane, maroons wantonly offer low price for good domain names. Either they are ignorant of the current price or they have some mischievous and hidden motives to devalue the name. We cannot take low ballers seriously.
     
  9. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    it depends on the variables

    if you just registered a domain and a few days later, you start getting offers, then that shows interest

    if, the offers are higher than what you paid for the domain, then that's an indicator of increased value

    if, the offers are higher than what you paid, but less than your selling price, then it's interest and increase value, depending on the "$ amounts" of each offer.

    however, when you buy a domain and you know the value, where the BIN price reflects that,
    then any offers which aren't satisfactory, may validate the value, but are basically seen as just offers.

    thought it may motivate owner to increase or lower price, in such situations, if capital is needed, or not.

    imo....
     
  10. smarti

    smarti carpe diem

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    would be good to know the indication if the offer is coming from an end user or a domainer. I don't think that end users play this game, at least if there is a BIN option. As for domainers, they need to buy cheap and to sell high, therefore they probably create dozens of low ball offers on various domains in batch and are happy if couple of those are accepted.....to my mind, any BIN set by a domainer is inappropriate to other domainer and no end user would go for an offer without a broker.....so, no offer is no indication at all, imo.
     
    Last edited: Nov 22, 2020
  11. DomainBanana

    DomainBanana Established Member

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    # of offers can be an indicator of value but obviously it's not a direct correlation.

    Regardless, # of offers is one data point and more data empowers domain investors to make informed choices about our portfolio.

    Third parties who list our domains for sale aren't always transparent with offer/inquiry information. They should be.
     
    Last edited: Nov 22, 2020
  12. MYZONEUSA.COM

    MYZONEUSA.COM New Member

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    DEFINITELY!! IF YOU DON'T GIVE IT VALUE, THEN IT'S WORTHLESS. IT'S UP TO YOU TO DECIDE HOW MUCH POTENTIAL IT COULD HAVE. I'VE HAD DOMAINS APPRAISED PRESALE BEFORE AND THEN I LISTED THEM HIGHER. I HATE HAVING TO DIVULGE MY LOWEST EXCEPTABLE OFFER. I KNOW IT'S SUPPOSE TO BE HIDDEN,BUT I FEEL LIKE THEY CAN SEE IT. SO, I SAID DEFINITELY HAVE YOUR LOWEST PRICE SET. FIRST IN YOUR MIND. I LEARNED A FEW THINGS BY DAY TRADING STOCKS. 1, BUY LOW,SELL HIGH2. NEVER PANIC SELL. 3 NEVER IMPULSE BUY~FOMO.RESEARCH,THINK OF FUTURE POSSIBLE WORTH JUST LIKE DOMAINS. I DID CHOOSE MANY BECAUSE OF PERSONAL PREFERENCE, BUT I TRIED TO CHOOSE EASY TO REMEMBER AND SPELL DOMAINS.
     
  13. postscripter

    postscripter Upgraded Member Gold Account

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    SIMPLE: Yes it is one important indicator.
     
  14. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    Anyone that has sold brand new items on ebay and had the make offer option enabled will understand that people will try. There are items that are brand new and have a known value range, for example, a brand new HP model non refurb laptop model ABC123 that sells for 1100-1300 can get offers on ebay of 50 dollars. Ebay allows you to automatically block offers below a certain number and that is a great feature or you might get really low offers.

    Domain names do not have a known value. For some names there might be an absolute minimum value (an amount you could get right now) but for the most part the value is in the eye of the beholder.

    When you allow make offers you will get low balls, sometimes the person cannot afford much more, sometimes they do not understand why it's worth more, many people simply don't know.

    I set minimum offers, I wish the platforms would show up optionally all the low offer attempts out of curiosity.
     
  15. postscripter

    postscripter Upgraded Member Gold Account

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    That is a great idea! Hopefully platforms owners here read it.
     
    Last edited: Nov 27, 2020 at 9:08 AM

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