{"id":5643,"date":"2018-04-04T09:58:48","date_gmt":"2018-04-04T13:58:48","guid":{"rendered":"https:\/\/acro.net\/blog\/?p=5643"},"modified":"2018-04-04T10:09:55","modified_gmt":"2018-04-04T14:09:55","slug":"domain-offers-minimum-asking-price-is-just-that","status":"publish","type":"post","link":"https:\/\/acro.net\/blog\/domain-offers-minimum-asking-price-is-just-that\/","title":{"rendered":"Domain offers : Minimum asking price is just that"},"content":{"rendered":"

Pricing domain names with a “minimum asking price” is an indication of least value.<\/strong><\/p>\n

It is not, however, a selling price, and some domain buyers don’t seem to understand that.<\/p>\n

At a time and era that domain name valuation becomes relevant when it arrives from a human, as opposed to an automated system<\/strong><\/a>, domain buyers – often being end users<\/em> – should be educated about this axiom as well.<\/p>\n

A domain’s minimum asking price is not “sticker price” which it would be, if there was a “BIN” or Buy It Now tag on it.<\/p>\n

By defining a minimum asking price, a domain investor is making it clear that below that threshold there will be no chance of a negotiation;<\/strong> in fact, it also acts as a clearance line keeping lowballers and time-wasters at bay.<\/p>\n

For example, most domain selling venues, such as the Uniregistry Market<\/strong><\/a> that I’ve been using since 2012, won’t take in any offers below that minimum asking price, if it’s set.<\/p>\n

Should an offer made at<\/strong> the minimum asking price be rejected<\/strong> automatically?<\/p>\n

Of course not. However, the concept is to negotiate as high as possible in order to leave room for an agreement at a comfortable level and maximize one’s return on investment.<\/p>\n

After an initial offer made at the minimum asking price, domain investors should respond with their maximum asking price.<\/strong><\/p>\n

This approach has a twofold effect:<\/p>\n