Minimum offer prices should reduce number of unqualified offers.
When GoDaddy.com started listing “make offer” domains from Sedo and Afternic, many domainers reported a flood of unqualified offers.
One domain investor even removed all of his listings from SedoMLS to stop the unqualified offers.
It looks like the message was received.
Afternic announced today that its unpriced syndicated listings on Go Daddy will now show your minimum offer price. The company is encouraging customers who have listed unpriced domains to update their minimum offer prices to reflect what they expect for the domain.
Here’s the full message:
We wanted to let you know of a recent change with one of our largest reseller partners, GoDaddy. Recently, GoDaddy began accepting offers on unpriced domains listed on Afternic. As you may know, this resulted in a large volume of unqualified buyers, with unrealistic expectations on sale price.
We are excited to announce that GoDaddy will now be displaying on their site the minimum offer amount on your domains as you have them set on Afternic. This represents a tremendous benefit to you, as you now have the opportunity to receive more qualified offers than in the past.
In order to benefit from this, we are requesting that you update your minimum offers on your domains listed on Afternic to reflect your true expectations on sales price for your unpriced domains. Setting an appropriate minimum offer (versus the default $250) will lead to more qualified inquiries, and potentially increase your sales velocity!