So When You Sell on Afternic, Do You Use Their Recommended Selling Price and at the High or Low End?

[Planet9]

To those of you who sell on Afternic, do you generally use their recommended sales price as opposed to appraised value and at what end: low, medium or high. IE, If Afternic recommends a selling price between $1,000 and $2,000, which do you choose or do you go with the medium $1,500? Once you have the Buy It Now price what % is the lowest price you'd accept? 50% of the medium or more? Thanks

 

[Ostrados]

You should totally ignore their recommended selling price and also ignore any automated appraisal tool.

At Afternic I have some domains with $100 suggested price but I list them at $3000+ and some domains with suggested price of $2000 that I price at $99 and let them drop eventually.

You have to develope a sense for pricing, which is the most difficult part in domaining, and unfortunately there are no shortcuts.

 

[Ostrados]

Here some tips to get started:

Look at reported sales section here and follow up the thread https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/

Check historical sales at Namebio for comparable sales to your domain

Make rough evaluation for your domain based on:

• Number of taked TLDs
• Number of existing companies with exact name
• Number of exact match search results in Google
• Keywords value: trending, in demand, big sector... etc.
• There are many other factors but the above are the main factors to start with.