What is your definition of a wholesale price?

Everyone seems to have a different definition of this term, leading to confusion, especially for new domainers like myself.

Simple question: How do you quantify a wholesale price, and what ranges do you include?

I only ask this as everyone's definition of success is widely different. Someone may sell 20 domains yearly at a 'wholesale' price. This may or may not even register on the fabled 1-2% sale-through rate, but that is a form of success, depending on their definition. On the flip side, one person may sell one domain in 3 years, but that domain goes for 5-6 figures, again, successful, depending on your situation and definition of success.

I'd love to know what you all think
-M