We are pleased to announce a new feature which automatically schedules a future Price Increase for your domains when we detect a higher level of buyer interest.
Here’s how it works:
Our algorithms will automatically keep track of daily buyer visits and shortlists for your domain landing page.
When a higher than usual level of interest is detected on your domains, we will automatically schedule a 10% price increase 30 days out. We use predictive technology to make sure that the price increase is only scheduled when there is a clear increase in interest from one or more potential buyers.
This will show a notice on the landing page that the domain is scheduled for a price increase.
If the domain already went through a price increase in the last couple of months, it will not be scheduled for a price increase again.
Why is this beneficial?
- When buyers see a “Scheduled Price Increase” notice, it creates a sense of urgency for them to complete the purchase before the increase goes into effect.
- Scheduling price increase is good from time to time, especially when there is ongoing interest from potential buyers. This helps maximize the returns from your assets.
How to enable this feature?
You can enable this feature from your Marketplace Preferences section on both Premium and Standard listings. If you do not wish to participate in this feature, no action is needed.