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setting a minimum bid feature

Discussion in 'Netfleet.com.au' started by DomainNames, Apr 12, 2013.

  1. DomainNames

    DomainNames Membership: Community

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    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?
     
  2. DomainNames

    DomainNames Membership: Community

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    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?
     
  3. AnthonyP

    AnthonyP Membership: VIP

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    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.
     
  4. DomainNames

    DomainNames Membership: Community

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    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)
     
  5. AnthonyP

    AnthonyP Membership: VIP

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    No you cannot.
     
  6. Chris.C

    Chris.C Membership: VIP

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    +1
     
  7. Oz.

    Oz. Membership: VIP

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    +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.
     
    1 person likes this.
  8. Chris.C

    Chris.C Membership: VIP

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    +1 to this as well.
     
  9. Chris.C

    Chris.C Membership: VIP

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    Any update on this idea?

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

    Rhythm Membership: VIP

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    No update