Domainerss

Link To Full Story: symbolics.com

Here is my stance:

1. Listing an asking price is just like making the first offer — which I never like to do.  If we list an asking price of $100,000, then every negotiation that we encounter will be below this figure.

Think for a second, whether you are buying or selling — it’s best to NOT make the first offer.
If you do, then every negotiation from that point on will go in the favor of the other party. 
If the other party makes the first offer (in buying or selling) you have the upper hand… you control what happens next and where the price negotiations go from there.

2. Listing an asking price eliminates the possibility of a large, unexpected sale.  If you list a domain for $50,000 — a buyer won’t make a $100,000 offer.  It depends on your circumstances… but you’ll likely never sell a domain for more than your publicly listed asking price.

3.  Listing an asking price might scare away people looking to pay less, and discourage them from bidding.
However, one could argue that these people aren’t serious buyers anyway… but some sellers are known to negotiate to 50% of the asking price — and buyers might not know there is this much “wiggle room”.

I’d like to encourage buyers to make offers — but there’s a fine line between encouraging bids and encouraging low-ball offers.

4.  Listing an asking price DOES reveal your expectations, and it does save time by discouraging low-ball offers.