noun a deliberately low estimate or offer
verb to deliberately estimate or offer at a low amount
In real estate, 'lowball' is used to describe an offer on a property that is much lower than the asking price.
In finance, 'lowball' refers to an offer or estimate that is significantly below the actual value or market price of an asset.
In negotiation tactics, 'lowballing' involves making an initial offer that is deliberately lower than what one is willing to pay in order to negotiate a better deal.
In sales, 'lowballing' can refer to offering a product or service at an extremely low price to undercut competitors or close a deal quickly.
In pricing strategy, 'lowball pricing' is a technique used to attract customers by offering products or services at a very low price to gain market share.
In the publishing industry, some publishers may try to lowball writers by offering very low advances or royalties for their work.
Some insurance companies may try to lowball psychologists by offering low reimbursement rates for therapy sessions.
In real estate negotiations, a buyer may try to lowball a real estate agent by offering a very low price for a property.
Clients may try to lowball freelancers by offering very low rates for their services.
A customer may try to lowball a salesperson by offering a very low price for a product or service.