Your Opinion is Required ?

[britishbulldog]

O.K my friend is starting a seo type of site but does not want the hassle of selling cheap domains,he would rather leave that to the likes of ebay and the now finished Bido and sometimes sedo......

So basically he wants to make it a quality marketplace and he believes by raising the minimum bid it will keep most of the crap away.....

I think it is a good idea as although you can set a minimum on sedo,most people forget or it's to much work if you are parking lots of domains........

I personally think $500 would be a good minimum as it would weed a lot of the crap out and make it more of a premium marketplace....

Any thoughts would be appreciated.......Thanks in advance !


The question is what minimum should he set ?

a) $250

b) $500

c) $750

d) Other (please state)

 

[draggar]

Minimum bids will do nothing to "keep most of the crap away" - all it will do is give you people asking $500 for afttgffskjfs.info

The site can still be loaded with crap - he'll just have a low % of sales.

 

[britishbulldog]

Minimum bids will do nothing to "keep most of the crap away" - all it will do is give you people asking $500 for afttgffskjfs.info

The site can still be loaded with crap - he'll just have a low % of sales.

Good Point but i would of thought why anybody would want to park the crap if there is no chance of a minimum bid of $500 as where as sedo they might have half a chance of a bid with a minimum of $60 ?

So i would of thought they would stick with sedo or whatever than a site with a minimum bid of $500...........?

Also i think the idea of the site is to make the auctions of higher quality (think one of bido's failures) rather than just the actual domains as this would be impossible to police unless every domain was screened before being put up on the site......

 

[everydn.com]

I think a minimum bid will keep lower quality domains away from your site. I own a number of 4 letter .com 's that i know wont sell for $500, so why would i bother listing them? If the auctions on your friends site are like sedos, where they have to have a bid before they go to auction, even if there were low quality domains listed n the site, at least the auctions would be full of quality domains.

 

[britishbulldog]

I think a minimum bid will keep lower quality domains away from your site. I own a number of 4 letter .com 's that i know wont sell for $500, so why would i bother listing them? If the auctions on your friends site are like sedos, where they have to have a bid before they go to auction, even if there were low quality domains listed n the site, at least the auctions would be full of quality domains.

Yeah thats my point but the minimum might not be $500,it maybe $250 ? i am just trying to get some feedback on a starting point for the minimum,as the failure of bido is not solely but partly responsible for so much crap in their auctions imho......

 

[everydn.com]

Id say $300 if you want resonable domains as well as good ones. $500 may be a bit hight.

 

[Biggie]

O.K my friend is starting a seo type of site but does not want the hassle of selling cheap domains,he would rather leave that to the likes of ebay and the now finished Bido and sometimes sedo......

So basically he wants to make it a quality marketplace and he believes by raising the minimum bid it will keep most of the crap away.....

I think it is a good idea as although you can set a minimum on sedo,most people forget or it's to much work if you are parking lots of domains........

I personally think $500 would be a good minimum as it would weed a lot of the crap out and make it more of a premium marketplace....

Any thoughts would be appreciated.......Thanks in advance !


The question is what minimum should he set ?

a) $250

b) $500

c) $750

d) Other (please state)

Hi

one fault with higher minimums is that you can loose a the buyer who may start with a low bid $60
, but you negotiate the offers up to a point of satisfaction.


still, i can understand and have set higher minimums, for domains that are worthy of that setting.


i think the better solution would be to have a domain that "signifies" everything listed is priced above a certain range.

ex: " onethousanddollardomains.com"

imo...

 

[britishbulldog]

Thanks for your opinion........

I have rarely found a $60 bidder going above a couple of hundred dollars in negotiation maybe i am wrong but lowballers generally stay lowballers imho ?