setting a minimum bid feature

[DomainNames]

Hi, how can we set Mimimum amount bids for names listed for sale on netfleet.com.au

would be good to have an option of mimimum bid amount and just tick a box and it was effective for all names listed for sale in a portfolio.

Many times wasters bid low amounts not even warranting a counter bid. If the minimum bid could be set it would save us all a lot of time

the old feature of being able to tick a box saying Final offer also was good for both buyer and seller when bidding and counterbidding and ability to write a note was great. can this be brought back also?

 

[DomainNames]

Hi how can we set Minimum bids? Sent a ticket last week on it also. I see some Mimimum bids now on netfleet being set so it must be possible again?

 

[AnthonyP]

Never sure if the proper etiquette for replying to a ticket and a dntrade post is to reply to the post first or the ticket. In this case I think this is of interest to everyone so I'll reply to the post.

When I started in this role, two years ago, I was advised that increased minimum offer in the past had led to a decrease in offers and sales. This feature was then removed and the sales returned to their previous success rate.

Now I have a good opportunity to test this again and I have (with agreement from the seller) lowered the minimum offer for those domains back to $100 and we can measure the increase in offers and sales over the next 3 months. At which time we can again discuss the merits of increased minimum offers and how they affect sales.

The general feedback I have so far is that any offer is better than nothing as it gets the ball rolling...

I have a hypothesis on how to respond to anonymous offers like the ones at Netfleet or via masked hotmail/gmail accounts.

Lets assume for the sake of this argument that you set your "buy now" (BIN) price and are confident in it.

If you get a low ball offer (less than 25% of your BIN) counter-offer very quickly with your full buy now price (shows you are irritated).

If you get a warm offer (25-50% of your BIN) counter-offer quickly with 85% of BIN (shows you are willing to negotiate).

If you get a hot offer (> 60% of BIN) then wait a few days before counter offering about 75% (seems like you are seriously considering the offer before responding).

If you get an offer of >80% of BIN, then you should consider accepting the offer since they are probably not wanting to negotiate and they really think your BIN is just too high.

* Bear in mind that I have never sold a domain but I do get paid to spend my time thinking about selling domains.

 

[DomainNames]

sorry but I dont understand.

can we set a minimum bid offer or not on names we want to list for sale on stanbdard catalogue and auction?

It is a feature I would like to see active again

It saves everyone a lot of time and lets buyers know offering $100 to "get the ball rolling" in many cases is a waste of everyones time.

Would be good if the seller can choose a minimum opening bid of what we consider is worth responding to with a counter offer.

Many names might be worth $2,3,5 k on netfleets aftermarket. if people send an offer for $100 to get the ball rolling its just pointless .

if you go to a house auction they done start the auction at make an offer or $1, the auctioneer starts the opening offer high so people know not to waste time and be serious ( note opening offer is not reserve)

 

[AnthonyP]

sorry but I dont understand.

can we set a minimum bid offer or not on names we want to list for sale on stanbdard catalogue and auction?

No you cannot.

 

[Chris.C]

It is a feature I would like to see active again

+1

 

[Oz.]

+1
Also I think being able to submit a starting, vendor bid would be good for reserve auctions.
Sending leads to an auction with 0 bids is never a nice thing, always nice to see some prior activity to get their interest up.
IMHO.

 

[Chris.C]

Also I think being able to submit a starting, vendor bid would be good for reserve auctions. Sending leads to an auction with 0 bids is never a nice thing, always nice to see some prior activity to get their interest up.IMHO.

+1 to this as well.

 

[Chris.C]

Any update on this idea?

The tyre kicker to genuine buyer ratio is creeping up again...

 

[Rhythm]

No update