Lmh$xxx

[JumpingJack]

One of the best ways to price a domain when selling it, without giving away an exact price, is to give a rough ballpark figure. Thus, many people have begun using what I like to call the "LMH$XXX" system, which stands for "Low Mid High $XXX".

Anyways, I was curious what everyone thinks when they see a certain price, for instance, if you saw "Accepting offers in Low-Mid $X,XXX" what price would you be compelled to offer off the top of your head? Using my incredible math skills (uh yeah) I've come up with the following simple chart to show technically what it should be. But I'm curious to see if people see it the same was as the chart, because I don't.....

$1000 to $3999 = Low $X,XXX
$4000 to $6999 = Mid $X,XXX
$7000 to $9999 = High $X,XXX

$2500 to $5500 = Low-Mid $X,XXX
$5501 to $8500 = Mid-High $X,XXX

Opinions on my useless thread? Seriously, what do you think!?

BTW I realize technically my "Low-Mid" and "Mid-High" figures are actually "Mid-Low-Mid-Mid" and "Mid-Mid-Mid-High", but I doubt anyone here would think "$1000" if someone said "Low-Mid".

 

[Steen]

I think it's rather self explanatory and agree with you that this is a useless thread. Domain names dealings are an activity where you should learn or possess negotiating skills. Think of your (future) bottom line.

 

[JumpingJack]

I think it's rather self explanatory and agree with you that this is a useless thread. Domain names dealings are an activity where you should learn or possess negotiating skills. Think of your (future) bottom line.

You'd think so, but I've posted "Mid $X,XXX" before and have had people PM me offers of $2000, or $2500. Do you think that is acceptable? I mean I really don't know. No sweat off my back, just curious how people think. Seems to me when people see any of the above, they always think of the lowest possible. So if you want $9k for your name, you need to say "Low $XX,XXX", ect.

 

[lukeeales]

If you want $9k for your name, specify that in your thread. Lowballing is inevitable.

 

[Legend.name]

You'd think so, but I've posted "Mid $X,XXX" before and have had people PM me offers of $2000, or $2500. Do you think that is acceptable? I mean I really don't know. No sweat off my back, just curious how people think. Seems to me when people see any of the above, they always think of the lowest possible. So if you want $9k for your name, you need to say "Low $XX,XXX", ect.

I think it's common... maybe you can put a fixed price & see how it goes!

 

[skylight]

i will think the lowest possible

Low $xxxx : $1000 - $1999
Mid $xxxx : $2000 - $5000
High $xxxx : $5000 - $9999