Comments on: The Importance Of Accurate Pricing, Part VII http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/ Sat, 20 Mar 2010 04:35:20 +0000 http://wordpress.org/?v=2.3.3 By: R World http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-16009 R World Thu, 04 Mar 2010 19:03:50 +0000 http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-16009 Just finished reading the whole series. Pretty awesome work.. Thank You! Dave Just finished reading the whole series. Pretty awesome work..

Thank You!

Dave

]]> By: MobiSite http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-12263 MobiSite Wed, 11 Mar 2009 22:29:13 +0000 http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-12263 Hi Sahar, yes i agree with most of what you wrote. We were reaching the critical mass and awareness and prefessionalism where mainstreet was gonna come join join us and get more involved and madison avenue. The economy has halted that for the time. However, ironically it is exactly that , that will force both small and big investors, and small and big endusers to get involved with our industry, as investors or endusers. I agree fanatasy pricing has to go though. cheers Guy Hi Sahar,
yes i agree with most of what you wrote. We were reaching the critical mass and awareness and prefessionalism where mainstreet was gonna come join join us and get more involved and madison avenue. The economy has halted that for the time. However, ironically it is exactly that , that will force both small and big investors, and small and big endusers to get involved with our industry, as investors or endusers.
I agree fanatasy pricing has to go though.
cheers
Guy

]]> By: Ron Wells http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-12257 Ron Wells Wed, 11 Mar 2009 18:48:43 +0000 http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-12257 Sahar, Your series on accurate pricing is pretty informative and on point! It is very important that prices are set at the right level, especially in this economy. For example, the great thing about Bido.com is the fact that "the market" is the determining factor behind the final price of each sale. In other venues, the high prices that some sellers set as their reserve are what make buyers "pass" on great domains! So in the case of Bido, the $1 start is the greatest pricing point possible; but when you start an item at $1...it would most definately have to be: (1) something that is in high demand (e.g., a great domain name), and (2) enough qualified buyers looking to buy (once more people sign up & the economy improves...I'm sure that we will see better names being sold at much higher prices). Bido will have great success eventually, because of the great business model (maybe Bido should continue to feature the one-a-day $1 auctions...but also incorporate other types of listings on the site as well)...but it might take a little time for the skeptics to see that it really is a good concept. Best Regards, Ron ----answer---- Thanks Ron. We're all learning as we progress. Our goal is to be in full force by end of year. So far we're still testing models, working on features, and testing some more :) Thanks for the support! Sahar Sahar,

Your series on accurate pricing is pretty informative and on point! It is very important that prices are set at the right level, especially in this economy.

For example, the great thing about Bido.com is the fact that “the market” is the determining factor behind the final price of each sale. In other venues, the high prices that some sellers set as their reserve are what make buyers “pass” on great domains!

So in the case of Bido, the $1 start is the greatest pricing point possible; but when you start an item at $1…it would most definately have to be:

(1) something that is in high demand (e.g., a great domain name), and

(2) enough qualified buyers looking to buy (once more people sign up & the economy improves…I’m sure that we will see better names being sold at much higher prices).

Bido will have great success eventually, because of the great business model (maybe Bido should continue to feature the one-a-day $1 auctions…but also incorporate other types of listings on the site as well)…but it might take a little time for the skeptics to see that it really is a good concept.

Best Regards,
Ron

—-answer—-

Thanks Ron. We’re all learning as we progress. Our goal is to be in full force by end of year. So far we’re still testing models, working on features, and testing some more :)

Thanks for the support!

Sahar

]]> By: ZJP.com on Bido today! No reserve, $1 to start! - WebProWorld http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-12251 ZJP.com on Bido today! No reserve, $1 to start! - WebProWorld Wed, 11 Mar 2009 15:50:28 +0000 http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-12251 [...] of articles about the importance of accurate pricing. Part 7 is here with links to the other parts: The Importance Of Accurate Pricing, Part VII at Conceptualist.com, By Sahar Sarid Hope to see you at the auction and hope to read your comments on Sahar's blog. [...] […] of articles about the importance of accurate pricing. Part 7 is here with links to the other parts: The Importance Of Accurate Pricing, Part VII at Conceptualist.com, By Sahar Sarid Hope to see you at the auction and hope to read your comments on Sahar’s blog. […]

]]> By: Jeff Hawkins http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-12246 Jeff Hawkins Tue, 10 Mar 2009 16:32:42 +0000 http://www.conceptualist.com/2009/03/10/the-importance-of-accurate-pricing-part-vii/#comment-12246 Sahar, How about a reserve on Bido just to cover costs of acquisition and renewal fees? I have some domains I registered myself and have renewed several times and I'm sure there's domains others are holding where they paid good money for and now wish to liquidate but don't wish to lose the out of pocket monies. There's two kinds of liquidations. One where you need to get rid of a domain due to a change of plans or the usefulness of the domain has passed but don't need to sacrifice your up front money. And another where you need to liquidate and get what you can. ----answer---- Jeff, Watch out for next week announcement, it addresses some of your concerns. Cheers Sahar Sahar,

How about a reserve on Bido just to cover costs of acquisition and renewal fees?

I have some domains I registered myself and have renewed several times and I’m sure there’s domains others are holding where they paid good money for and now wish to liquidate but don’t wish to lose the out of pocket monies.

There’s two kinds of liquidations. One where you need to get rid of a domain due to a change of plans or the usefulness of the domain has passed but don’t need to sacrifice your up front money. And another where you need to liquidate and get what you can.

—-answer—-

Jeff,

Watch out for next week announcement, it addresses some of your concerns.

Cheers

Sahar

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