I wonder what a typical enduser would do when they want to buy a domain.
I suspect they would visit their most familiar registrar.
And their registrar says domain is not available, but we can backorder it, if you pay 200.
Buyer pays 200 temporarily, which would be refundable if domain can't be purchased below a price of buyer's choice.
Then registrar hires an agent. That agent lowballs the domain at various marketplaces and try to get the domain for 150 or less. if it works:
If the buyer cheats (or dies) there is 50 usd plus the domain as profit.
If the buyer keep promises, the agent/registrar gets purchase price minus 150 as profit, not just 10 or 15 percent.
I suspect this is why most domains don't sell when they could sell.
I see stupid domains sell for 5 figures all the time. I get offers for better names for 1 percent of the time, and and maybe 1 percent of actual offer. So this would mean 10000 fold loss.
Adding a public BIN price may not help, because some buyers don't know how to visit a domain. They just use their trusted partners to acquire a domain.
This is not a very reasonable story, but explains some strange phenomena in domain business.
I suspect they would visit their most familiar registrar.
And their registrar says domain is not available, but we can backorder it, if you pay 200.
Buyer pays 200 temporarily, which would be refundable if domain can't be purchased below a price of buyer's choice.
Then registrar hires an agent. That agent lowballs the domain at various marketplaces and try to get the domain for 150 or less. if it works:
If the buyer cheats (or dies) there is 50 usd plus the domain as profit.
If the buyer keep promises, the agent/registrar gets purchase price minus 150 as profit, not just 10 or 15 percent.
I suspect this is why most domains don't sell when they could sell.
I see stupid domains sell for 5 figures all the time. I get offers for better names for 1 percent of the time, and and maybe 1 percent of actual offer. So this would mean 10000 fold loss.
Adding a public BIN price may not help, because some buyers don't know how to visit a domain. They just use their trusted partners to acquire a domain.
This is not a very reasonable story, but explains some strange phenomena in domain business.
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