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  1. #1
    SitePoint Addict exhale81's Avatar
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    Sell Your Site forum: difference between asking price and BIN?

    Hi,

    Could the SitePoint staff states its position regarding the issue here:

    http://www.sitepoint.com/forums/showthread.php?t=268374

    This is rather urgent.

    Thank you.
    Sebastien
    Sebastien Rosset
    :: Commercial: BlackSonic | ScriptsCenter
    :: Non-Profit: VJCentral | ReclaimYourSoul

  2. #2
    SitePoint Addict exhale81's Avatar
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    OK it has been answered by Sarah. Thank you.
    Sebastien Rosset
    :: Commercial: BlackSonic | ScriptsCenter
    :: Non-Profit: VJCentral | ReclaimYourSoul

  3. #3
    SitePoint Wizard silver trophy Bleys's Avatar
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    This is one of those "a square is a rectangle but a rectangle isn't necessarily a square" sort of things.

    First I'll define BIN (Buy it Now) since that's simple. The BIN price functions the way it does on eBay, regardless of whether the sale is an auction. Your BIN price is the price at which the sale closes and you sell your site. Someone offers you the BIN and its sold.

    Starting price is the lowest possible ammount you will accept (that is, you do not want offers lower than your starting price). Your asking price (or range) is the ballpark price that you're looking for in a sale You can have a starting price and/or an asking price in an non-auction. That is, you might want to accept bids, but not necessarily sell to the highest bidder (for example, if you are selling a niche content site and want to sell to someone you feel is most qualified and committed to running the site, you may not sell to the highest bidder).

    The template for posting sales might need some clarification or tweaking. It's new, so there are bound to be some hiccups. Let us know if you think anything is confusing, or needs changing... or if you think anything is missing. (Same goes for the SYS faq).
    Josh is an anomaly
    rails & work & twitter

    Organization is the
    death of creativity.

  4. #4
    SitePoint Addict exhale81's Avatar
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    Hi,

    I think that on the form it should be more clear what the "price" field represents (your explaination is good). Maybe split it between "asking price" (for non-auctions) and "starting price" (for auctions)

    Sebastien
    Sebastien Rosset
    :: Commercial: BlackSonic | ScriptsCenter
    :: Non-Profit: VJCentral | ReclaimYourSoul

  5. #5
    Intoxicated with the madness petertdavis's Avatar
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    Good suggestion Sebastien.

  6. #6
    SitePoint Wizard silver trophy Bleys's Avatar
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    I should have also mentioned that your asking price could very well be your BIN. I can see how having those two terms separately could cause confusion, as they sound very similar... and mean almost the same thing. But I can also see why it is necessary to have both.
    Last edited by Bleys; Jun 2, 2005 at 06:58. Reason: Fixing a stupid typo... hey shut up, it was 5am... and I STILL haven't slept 5 hours later :D
    Josh is an anomaly
    rails & work & twitter

    Organization is the
    death of creativity.

  7. #7
    blonde.... Sarah's Avatar
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    I agree it does need some clarification, will get onto it now
    Regular user


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