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What does BIN mean in web sites up for sale?

Discussion in 'Sites' started by dinrock, Jul 30, 2008.

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  1. #1
    Just curious............
     
    dinrock, Jul 30, 2008 IP
  2. MakeThatDollar

    MakeThatDollar Notable Member

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    #2
    It means Buy It Now.
     
    MakeThatDollar, Jul 30, 2008 IP
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  3. dinrock

    dinrock Well-Known Member

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    #3
    MTD: I appreciate your fast input!
     
    dinrock, Jul 30, 2008 IP
  4. crumblepie

    crumblepie Well-Known Member

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    #4
    I'll elaborate a little bit more. At the beginning of the auction, sellers set a starting bid price and a BIN. People start bidding, but if someone BINs it, the auction is over and you sell the site to them.

    Not every seller has got this concept right though. I've seen people who set a BIN price and then start accepting offers that are higher than the BIN even after someone's BINned it.
     
    crumblepie, Jul 30, 2008 IP
  5. proxywhereabouts

    proxywhereabouts Notable Member

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    #5
    A short form of Buy It Now.
     
    proxywhereabouts, Jul 30, 2008 IP
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  6. Samo

    Samo Well-Known Member

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    #6
    I have also seen auctions where BID (Buy It Now) is the only price acceptable ... which abuses the whole point of the 'auction'.
     
    Samo, Sep 3, 2016 IP
  7. dinrock

    dinrock Well-Known Member

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    #7
    Thanks for the input on my question....I am responding because I didn't know this was still an active thread....I initially asked this question eight years ago if you notice on the date where I started this thread. Amazing.
     
    dinrock, Sep 3, 2016 IP
  8. Samo

    Samo Well-Known Member

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    #8
    You are welcome. They say knowledge is eternal ... so is your thread it seems :)
     
    Samo, Sep 3, 2016 IP
  9. gyahoo

    gyahoo Well-Known Member

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    #9
    gyahoo, Jun 25, 2018 IP