So you are saying it's a burden to have too many domains. Not a privilege
I forgot that we have more than 1 marketplace to list our domains for sale
Buyers must look at all major marketplaces and must not forget to visit the domain. Some domains have landing pages that show lower prices than the prices shown at marketplaces. If there is no custom landing page that shows a fixed price I try to contact the seller directly. I can buy any domain cheaper if the seller is willing to give me the domain directly, by bypassing marketplaces. The difference can be as high as 50% depending on negotiation skills that the buyer has. As here is a domainer forum most users focus on only selling skills and usually overlook buying skills or selling domain to an expert buyer. I noticed most sellers wrongly assume all buyers or all end users are novice and have tiny budgets while most domain buyers wrongly assume all sellers are expert or are dwelling on domains worth millions of $$. The mistake here is not to act on wrong or correct assumptions. The mistake is to act based on the seller or buyer, not based on the domain itself. Characteristics of buyer and seller of a particular domain will change quickly but the characteristics of that domain will always been more stable compared to its former and current owners.
A domain at "marketplace X" may be listed as "make offer" and at "marketplace Y" with a fixed price. Because one domain can be sold for only once. You can't buy a "make offer" listing without manual approval of the seller. "BIN" is final. So before making an offer, buyer must find where the domain is listed at a fixed price.
The domain in the original post might have 200k price tag shown at its own homepage or in a different marketplace.
It's almost a certainty that no more than 10% of your domains you would need go back in to adjust the minimum price.
Correct. Most domains don't receive any offer. But minimum offer has no impact on this unless it's too high. Main problem is "make offer", not minimum offer.
You might be able to even set your entire portfolio at one price, and the 10% at another price, in only 2 tranches, instead of 5000 tranches
Not exactly. More than 95% of my domains don't accept any offer, are waiting to be sold at a fixed price.
If I choose "make offer" to sell, my initial minimum offer is zero. If a domain receives too many lowball offers I raise its minimum offer value gradually to slow down lowball offers. If I wanted 200k for a domain, my first minimum offer value would be zero. That minimum offer would likely take couple of months to become 20k from zero. I would stop raising the min. offer at 20k. I would counter all offers above 20k with 250k, would decline all offers below 20k, even while the minimum offer was 500. So, if I were the seller in the original post, I would decline the offer of original poster without countering him with 200k and then would rise the minimum offer to 1k from 500. Revealing the final price to a lowball offer owner ends up losing a watcher. Seller will need that lowball watcher in case of he must start auction using one of lowball offers. Lowballers would not only watch my auction till the end but they would also promote my domain or auction for free. So lowball watcher should not be wasted for an unproportional counter offer like 400x. A seller must realize someone who makes an offer of 500, will not only decline a counter of 400x but will also never look back. Countering with 400x is ridiculus. I would decline and would keep +2 eyes on my sale.
But it is a reality, that if you set a low min offer, and then you come back with a $200K asking price, in most cases, you have no f* idea what the domain is worth.
Correct. When I have an idea on the price I usually list it at a fixed price with no possibility of making an offer. Make offer listings must be chosen only if you don't have an idea on the price, or if your min-max price expectation is big. There must be good reasons to negotiate when you sell and buy. Always ask yourself that why am I unable to sell/buy at a fixed price and list the reasons clearly in your mind.
When I have an idea on the price, I usually take +- 25% of it as its min-max values. Anyone who took statisctics courses would know what it means.
If I estimate a domain is worth $200k, I sell it for something between 150k and 250k. Now I have the first good reason: it may be worth to negotiate to receive a possible extra $50k while not taking the risk of "no sale" for setting a fixed price of $250k. "No sale" risk has opportunity costs like interest, low tunover, missed purchase opportunities.
On the other hand there is 100k difference or 50% between 150k and 250k, at the mean value of $200k. So I would be willing to accept 150k while trying to make an extra 50k. If my opportunity cost was too high, I would accept the first 150k offer (if I have waited since years or if I have just found a great opportunity that needs 150k cash: My second good reason to go for "make offer")
Ideally the estimated prices above $40k would benefit most from make offer listings. "make offer" becomes the only way for the prices above 100k. Neither buyer nor seller can correctly estimate a domain value above 100k at a statistically 95% confidence interval: Third good reason for "make offer". In fact I can't estimate domain prices at 95% accuracy (I would be very rich if I could) But it matters mostly when my estimated price is high enough. There is a quite low risk on leaving big money on the table and you can't eliminate that risk by collecting offers if you have an incorrect idea on the price.
