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What BIN prices work the best for you?

Labeled as tips in Domain Buying and Selling Discussion started by enterscope, Jan 10, 2020.

Replies:
22
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1,243

?

What are your BIN prices like?

  1. Same for all domains

    3 vote(s)
    21.4%
  2. Random prices

    8 vote(s)
    57.1%
  3. Make offer only

    3 vote(s)
    21.4%
Total: 14 vote(s)
  1. enterscope

    enterscope NoReserve.Club Gold Account

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    There has been discussions on various BIN prices with the general accepted "sweet spot" around $2000-$3000. I'm just curious if anyone has set BIN prices for their different tier domains, and if a certain number i.e. $3488 seems to get more purchases? What are your BIN prices for Bargains, Brandables, Premiums, etc.?
     
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  2. enterscope

    enterscope NoReserve.Club Gold Account

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    Anyone out there have any tips?
     
  3. Jurgen Wolf

    Jurgen Wolf Top Contributor VIP ★★★★★★★★★★

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    I price each domain individually...
    According to my goals and my research of potential buyers...
     
  4. Matt Morgan

    Matt Morgan Established Member

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    the BIN price you put also depends on the extension of the domain.
     
  5. Ryan217

    Ryan217 NameBlitz Gold Account

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    I cant say I have any data that this works. But I created a series of pricing tiers for each name. I started with the price I want to get after commission then using excel I have that price plus 11% in one column and plus 25% in another column for the low commission marketplaces like Epik and large commission marketplaces like Afternic. I then took the marked up prices and rounded them out to end in 88 for no real reason than I have heard of others standardizing on that.
     
  6. wildomains

    wildomains Established Member

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    I price most of mine at $199 and $299
     
  7. Samer

    Samer Top Contributor VIP

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    $3488 seems get more cuz “88” lucky chinese

    Try get every edge u can attain. Good luck :)

    Samer
     
    Last edited: Jan 30, 2020
  8. Ryan217

    Ryan217 NameBlitz Gold Account

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    I too have settled on ending prices in 88.

    1. I have read that non round prices work because they trick us into believing they were arrived at my careful consideration not just randomly choosen, so it gives more authenticity and credibility to the price.

    2. I also decided to go with 88 to end the price because 1988 was a good year, mostly because that's when I was born. 😂
     
  9. E-Thunder

    E-Thunder Top Member VIP ★★★★★★★★★★

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    I had success using BIN at $3,999 but not consistently.
     
  10. hawkeye

    hawkeye Top Member PRO VIP ★★★★★★★★★★

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    What BIN prices work the best for you?
    The ones they click on and buy!! :xf.smile:
     
  11. Indianad

    Indianad Upgraded Member Gold Account

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    Love the humor:xf.smile:
     
  12. Recons.Com

    Recons.Com Top Contributor VIP

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    Most my prices are in 1800 to 3500 range. I price higher if the name has substantial acquisition cost and/or is a total keeper with my own potential use.
     
  13. BrandCollectors.com

    BrandCollectors.com Established Member

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    1DOLLA

    What BIN prices work the best for you?
     
  14. Ryan217

    Ryan217 NameBlitz Gold Account

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    I'm sorry your asking price is just too high. Please make your expectations more reasonable.
     
  15. Rajuajoshi

    Rajuajoshi Established Member

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    Thanks for sharing, I have a question, so do you list the same domain at different price at Epik as well as Afternic ? And are you okay with the impact on the potential enduser who is not aware about domaining. Thank you
     
  16. Ryan217

    Ryan217 NameBlitz Gold Account

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    So I use different pricing based on commission. I am in the process of building my own site and landers. Then I will standardize all marketplaces on the higher BIN adjusted to Afternics pricing but in my site and landers show that price crossed out and the lower price.

    But in either case the idea is the same if I want to pass the savings of a lower commission into the user. Granted if they see both prices the average end user may not realize why it's cheaper in one place than another but if they will probably just buy it where it's cheaper and not worry too much about it I would guess.
     
  17. twiki

    twiki Upgraded Member Gold Account

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    Hi, are you selling .COMs at this price point? Or other TLD.
     
  18. harryklinten

    harryklinten New Member

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    This is a remarkable distinction from the shades of old containers! Most committees will give you a wheelie canister as a major aspect of the gathering charge you pay. Anyway there are still some who are changing new family units £60 for a 240 liter wheelie receptacle. They state they are simply taking care of costs, which means are costs must be a lot of lower
     
  19. manpreet

    manpreet Established Member ★★★★★★★★★★

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    Thanks for sharing.
     
  20. namemarket

    namemarket Top Contributor VIP ★★★★★★★★★★

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    Re: a member says "So I use different pricing based on commission"

    I have noticed at NP in general (not just this thread) a lot of us appear to make sales commissions far too big a deal. What with very rare sales and portfolio turnover rates nearly 1% I for one don't care if commission at an end-user price level is 5% 9% 15% or 20% it makes an insignificant difference to me because the important thing is getting the sale and little else matters.
     
    Last edited: Feb 18, 2020
  21. Ryan217

    Ryan217 NameBlitz Gold Account

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    I disagree. Commissions affect the profit. If the right profit isnt there then you're better off holding the domain until you can sell it at the right profit.
     
  22. wildomains

    wildomains Established Member

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    .coms
     
  23. lock

    lock Traffic.tools VIP

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    The poll offers no option for appraised values perceived as random nothing is same.
     

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