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Domain summit 2024

Disclosing reserve prices .

Franka

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Why do people PM me ,asking how much the reserve price is on a domain listing ?
What is the purpose of setting a reserve price ?
If bidders know the reserve ,they might stop bidding ..
Am I expected to tell those people or put the reserve price on my listing ?
And then the ask me "" only tell me ,I wont tell anybody else "
I tell them that even if i would tell him,that would not be fair for other bidders .
I am an honest person with anything I do .
 
Domain summit 2024

NameYourself

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Call it a reserve, call it a BIN, if you really want to sell something, you need to know a price and be confident enough to state it. If you want to be fair to everyone, as in the case of a public auction, then make it a BIN that everyone can see. Otherwise, in more cases than not, everyone's time will just be wasted.
 

Franka

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Thanks .you make a valid point ..The domain is a 7N.com ..so still not sure what the value would be ...if i put a BIN ..i am committed to sell ..
If I dont get my reserve ,I can always negotiate with the bidders post auction
 

dejanlesi

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I usually drop it from my watchlist if I don't know the sellers expectations..
 

bwhhisc

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Most want to know what the reserve is so if its unreasonably high or more than they would be willing to pay they don't waste their time on the auction.
 

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