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I'm having the following issue with my .com names in the xxx range, and Make Offer. Happens both at Dan and own landers (currently pointing at Dan). Cannot use BIN as those are set at Afternic.
If I don't accept the original offer, I lose the sale in most cases.
Most lander buyers for xxx range seem to be really, really annoyed by negotiations.
I'm thinking this is an outcome of the usual impulse buy dragged into negotiation. But I have a nagging feeling there's more to it.
For example, let's say I have a domain which would otherwise have a BIN of $800. The domain is set with Make Offer for $400. How it goes:
Side note, I don't mind discounting as my supply of names is quite high so I'd better discount a lot than to lose a customer. But negotiations never take off. On the other hand I also can't afford to sell ALL my names at half their retail value, which I am pretty confident it is set correctly. Also not to wait, cashflow must run - but also can't price everything at "market" value in the $200 range as I'd lose money overall.
My only idea so far is to set a min price somewhat above the existing min and make it function like a BIN.
In the above example, I would set Min = $600 instead, and accept all offers that come for that value. In this case some buyers will pay the full $800 and others $600 which is fine with me.
Any other ideas? Something I'm missing?
TIA!
If I don't accept the original offer, I lose the sale in most cases.
Most lander buyers for xxx range seem to be really, really annoyed by negotiations.
I'm thinking this is an outcome of the usual impulse buy dragged into negotiation. But I have a nagging feeling there's more to it.
For example, let's say I have a domain which would otherwise have a BIN of $800. The domain is set with Make Offer for $400. How it goes:
- An offer comes in for $400 (in 95% of cases they are set at min offer)
- I counter with say $600
- At this point there is either no response anymore, OR deny after a few days
- I send another offer of $500 or even $400
- No response from this point (further offers are either denied or in most cases ignored)
Side note, I don't mind discounting as my supply of names is quite high so I'd better discount a lot than to lose a customer. But negotiations never take off. On the other hand I also can't afford to sell ALL my names at half their retail value, which I am pretty confident it is set correctly. Also not to wait, cashflow must run - but also can't price everything at "market" value in the $200 range as I'd lose money overall.
My only idea so far is to set a min price somewhat above the existing min and make it function like a BIN.
In the above example, I would set Min = $600 instead, and accept all offers that come for that value. In this case some buyers will pay the full $800 and others $600 which is fine with me.
Any other ideas? Something I'm missing?
TIA!
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