Naming your price

[willbon]

Talking about lower end domains....one's that pass hands on here for sub £100.....but might achieve £1000 to a decent end-user.

What's the general feeling about naming a price on your domains to end-users?

I know everyone wants all they can get for their domains, but is it time we started putting a price on them?

Has anyone tried this and seen better turnover?

... or has anyone repeatedly repriced a domain to suit the next person they contact about it?

Your thoughts appreciated....

 

[Edwin]

I always name a price, in fact I publish a price list with every domain on it. From my experience, it's created more sales than not.

 

[accelerator]

I usually say I'm inviting offers but will often give some price guidance to an end user. I think it helps get interest, and can also help negotiations proceed more quickly.

Rgds

 

[Blossom]

As a buyer it's much more appealing to me to have a price. Saves time, and means I can make a decision instantly.

 

[dta]

as a buyer also am more inclined to reach an agreement when the seller starts off with a price vs leaving it open ended

 

[Bailey]

If i was holding several thousand UK domains I would opt for a fixed price stratergy. It's a good and fair assesment of what method should maximise returns. Would I do It with my 500 Uk (equal .com) domains No - I would experiment . No domain has the same potiential

I personally don't agree with attempting to contact potential end-users either. However, I do like Edwins recent thoughts about 'reinforcing' a sales proposition which I am going to try - It's a good counter to the enquiriers that want to talk down their level of interest.

And to your question, yes Willborn I'am happy to look at a 'realtime' assesment before quoting todays selling price. Domains have no inherited fixed price structure. And those that have been around awhile don't have a problem identifying with todays market and equally downgrading yesterdays.

We work on 'shifting sands'

 

[willbon]

Thanks for all the responses ... some good info to apply to my strategy!

Cheers!

 

[Ashton]

When contacting end users, the first thing I do is gauge interest, then I follow that up with a price to stop wasting any time for anyone.

Recent example, I sent out about 30 emails, had about 15 respond with interest, followed up with price and 6 made decent counter offers, 2 made low ball offers, and another one had a complete go at me for being a cyber squatter on a generic term (I have got use to this!) the rest respectfully declined.

I think having a price in your head that you would be happy with is the best way to go about it - though getting them interested first is important (in my view!)

 

[octopus]

Always name a price, it's the golden rule of merchantry of any kind.

 

[Pred]

its fine for lower to mid names

for the best say 2 or 3 %, never in first instance
value can fluctuate. up
plus the best should always be held to develop at some point or take a wonderful offer

nothing wrong with pricing a portfolio in the main, but if you sell off some on forums or drop, you have to go back and 'undo' the pricing

 

[Bailey]

I agree with pred - leaving history on domain pricing could be an outright killer - best avoided.
A lot depends with what your working with - even non-developers (like myself) have a good understanding of 'domain market dynamics'

Don't go there with a developer who thinks = Anything not-static is not real. (loads around) talk 24 months of history with no real prospect beyond yesterday