Comments on: Guest Post: Why Priced Domains Sell Better, Faster

By: Adam

Adam — Sat, 18 Feb 2012 08:38:58 +0000

“and for higher average sales prices.” . . . really? evidence please

By: James Dodds

James Dodds — Fri, 10 Feb 2012 22:03:43 +0000

Jason, You commented that “Requiring a potential buyer to bid or request a price before they can make a purchase just adds an extra step to the purchase process – one that some customers may not be willing to take” I agree with you 100%, but contrary to what you that’s exactly what Afternic does…

Afternic forces an interested buyer to submit an inquiry/request to get a BIN figure for any parked domain they come across …and there is a 24 hour turnaround on the request. That’s a deal killer

It was for this reason I moved my parked domains to SEDO because they offer an immediate BIN figure.

Keep it simple.

By: ORM 101

ORM 101 — Fri, 10 Feb 2012 17:39:01 +0000

In relation, I’m curious to know what you all think of SEDO’s price suggestion tool. Good? Off? Thank you.

By: BFitz

BFitz — Thu, 09 Feb 2012 18:14:53 +0000

As I continue to learn this investment vehicle I see this post very-much relating to the post on the challenges of being a flipper. There is no one practice fits all, except for the Schilling/Berkens/Schwartz of the world. But comparing to them is like comparing to a hedge fund manager with your etrade account.

I still do not understand the problem with buying a domain for $100, listing it as a buy now for low xxxx and having it sell within a few months. Those returns cannot be met anywhere. The only domains I have with offer/counter offer are LLL .com’s and one LL .net. The rest are buy now at 300 to 2000% profit and it makes my day when they sell.

By: Kevin M.

Kevin M. — Thu, 09 Feb 2012 18:06:15 +0000

I think selling domains with a Buy It Now or Fixed Price is a good idea if one wants to sell more names for many of (and even more of) the reasons that Jason noted above. It’s not for all domains, especially premiums, but for moving inventory and quickly. BIN domain sales are where that ‘sweet spot’ is ($5K and under) that endusers are comfortable with, and willing to mine. I believe we will be seeing this format becoming more and more prevalent, and I’m a fan of it. Kinda funny those that worry about ‘leaving money on the table’. Waiting for that 1 name to sell (that one can bleed the most outta of it so no money is left behind), one probably could have sold many more names for more profit overall, and bought and invested in more and better quality names. But we often forget that everyone’s names are ‘premium’, that get daily inquires, just waiting to be overpaid for!

By: Elliot Silver

Elliot Silver — Thu, 09 Feb 2012 17:25:09 +0000

@ Ron

I see both sides on this. I almost never priced my domain names, but I know I own plenty of domain names that I would sell for low $x,xxx if I had them priced. Seeing the high rate of BIN purchases, I decided it might be beneficial if I price the domain names I’d like to move and wouldn’t think twice about moving. Yes, you may leave money on the table, but that is something you can’t really calculate.

By: Ron

Ron — Thu, 09 Feb 2012 17:01:52 +0000

Some of my best domain sales have come from domains I would never have expected, if I had to BIN some of them, and shared them with you many of you would say low xxx, when in fact they sold for high xxxx…

Money on the table, AFTERNIC loves BIN, because more commission for them, Jason, be nice if you clean up afternic of all the domains that half the accounts don’t even own, rather than trying to bs smart domainers into thinking BIN is better for them, we all know when it comes to premium domains, BIN will most likely hurt you… You will just be paying renewal fees, big world out there, do not sell yourself short…

By: Acro

Acro — Thu, 09 Feb 2012 16:14:33 +0000

As a buyer, I like BIN listings. As a seller, I loathe them. As Adam said, money is left on the table if you price your domains with a BIN. If you absolutely must include a threshold price, it’s better than a BIN.

By: Elliot Silver

Elliot Silver — Thu, 09 Feb 2012 15:52:51 +0000

@ adam

Last week, I priced a bunch of my domain names I want to sell. I didn’t price names I felt I could get optimal value on negotiations, but I did price my mid and lower level names I’d be happy to sell. I erred on the high side though.

By: adam

adam — Thu, 09 Feb 2012 15:41:42 +0000

Its not true that priced domain sell better.
Many top guys said that. I even heard that few times at domainsherpa`s interviews. You simply leave money on the table.

Sedo latest statistics.

Count offer 40%
Buy now 30%
Auction 18%

Many people miss one fact that many times when domains are sent to auctions this is because someone made and offer earlier.
Also,some people reached agreement outside Sedo and go through Sedo (Buy it Now) later on.

By: John Kenney

John Kenney — Thu, 09 Feb 2012 15:40:31 +0000

Timely post. I just did an exhaustive scan last week for a domain name to purchase for a specific project. I scanned thousands of names containing a specific root word and then narrowed down to those available for sale or hand reg.

I found that as a buyer, when you have a handful of possible names to consider and you come across a name where you have to submit a binding bid just to begin a dialog about the actual price you’d need to pay, you almost have to eliminate these names from your list – even if you like them a lot.

As a buyer, you can’t be putting in bids on a handful names at the same time – it is impractical and potentially budget-busting.

I think most domain holders believe the name they own is going to be uniquely and precisely the name a buyer will need. Sometimes this will be the case, but probably more times than not, there are reasonable substitutes for your domain name – and plenty of them. If you own names like that, then you need to provide prices just to get on the ‘finalist’ list for consideration.