(.in) I have received an offer.....need advice...

chriswalton74 · 04-05-2005, 08:08 AM

I have received an offer of $200 for a .in domain.

If I decide to accept I have to pay fees of $150 to Sedo, so I can't see myself selling for this price. The minimum I would accept is $1000 as it is one of my personal favourites that I own and I'm in no rush to sell.
Sedo have given me 3 options......
A) accept offer and sell domain (giving me $50 from the $200 sale)
B) make a counter offer
????: NamePros.com http://www.namepros.com/cctld-discussion/80415-i-have-received-offer-need-advice.html
c) decline the offer and cancel negotiations

I have a few questions that maybe a few other Sedo members canm help me with...
If I chose option (A) and accept the offer will I incure any other fees from my registrar? The domain is registered with domaindiscount24. Also will I have to set up an Escrow account and if so does this cost anything?

If I chose option B (make a counter offer) does this mean that I have to put in my minimum ammount I will accept? i.e $1000? Also if the prospective buyer comes back and offers me the $1000 am I legally obliged to take it?

If I chose option C and decline the offer what are the chances that the bidder will come back to me with a better offer? Or is it more likely that they will assume I'm not interested in selling and not contact me further?

Sorry for all the questions, but all is new to me. It's very exciting stuff though!!

Cheers
Chris

Tippy · 04-05-2005, 08:18 AM

I had the same situation not long ago...

A) I wouldnt sell the name for $200 when you have to pay sedo $150 of that. I'm not sure about regstrar fees but sedo has their own escrow which is included at no cost as far as I know.

B) Yes, you would enter the amount you wanted, if he accepts it, he will pay that amount and I believe you'd have to sell it.

C) I dont think you can cancel nego without doing (B) first or at least I wasnt able to cancel without further nego. I submitted what I wanted, whch was 1000 like you and got no reply back. After waiting the reply period out, 7 days i think, you can then cancel nego.

Anyone else have different info?

IAmAllanShore · 04-05-2005, 08:35 AM

Counter with something large, and keep the ball rolling (Especially if you like it that much).
The counter offer gives the user the chance to "accept" your offer, and if they do, you must sell. So if you offer $5,000 (as your counter offer), then they will have the choice of accepting (and buying for $5,000 from you) or counter offering back for some amount between their original offer and your counter offer. Then, the process will continue until there is no meeting of the minds or you reach a price that the buyer is willing to pay and you are willing to accept for the domain.
-Allan

bhyraj · 04-05-2005, 09:08 AM

if .in useful for you you take it

chriswalton74 · 04-05-2005, 09:22 AM

Thanks for the help so far. I guess I should chose option B then and counter offer at say $2000 being as I have nothing to lose...... If they accept I'll be happy, if they try and negotiate $1000 I'll probably accept, but if they decline and don't contact me again I won't be too bothered.
It's a quite scary moment for a newbie..... all that time I've spent registering domains with the hope of selling them and now the time has come I feel like I haven't got a clue what to do i.e exchanging the name from my registrar etc. And it's totally ironic that out of the 100 or so domains that I own they have to put an offer in on the only one that I was personally attached to!
Any further advice is very welcome.
Chris

CrazyTech · 04-05-2005, 11:28 AM

Honestly, I'd go for the counter offer - what have you got to lose?

The domain certainly is worth more than $50 in your pocket. I'd throw the counter offer at him - go for a fair bit higher than what you actually want out of the domain and work your way down if need be.

I'm thinking of putting some of my newly-reg'd names on Sedo here soon so I'll keep an eye on this one. Hope all goes well.

Dillpup · 04-05-2005, 12:12 PM

Originally Posted by chriswalton74

I have received an offer of $200 for a .in domain.
????: NamePros.com http://www.namepros.com/showthread.php?t=80415

If I decide to accept I have to pay fees of $150 to Sedo,

Hi Chris,

Congrats on the offer...but are you sure it's a $150 fee? Sedo has only taken 10% off every sale I've made there-including a $180 sale I had,they only took $18.

IAmAllanShore · 04-05-2005, 12:38 PM

Originally Posted by Dillpup

Hi Chris,

Congrats on the offer...but are you sure it's a $150 fee? Sedo has only taken 10% off every sale I've made there-including a $180 sale I had,they only took $18.

.in = minimum $150

http://www.sedo.com/services/prices.php3?language=us
????: NamePros.com http://www.namepros.com/showthread.php?t=80415

Listing a Domain on Sedo Free!

.com/.net/.org/.info/.biz/.us/.name/.li/
.be/.dk/.de/.at/.ch 10% of the sales price
[ minimum $50¹ ]

.co.uk/.fr/.nl 10% of the sales price
[ minimum $100 ]

other domains 10% of the sales price
[ minimum $150 ]

-Allan

aazevedo · 04-05-2005, 12:41 PM

if you dont have your domain parked at sedo, you have to pay a minimum $50

see their price list here http://www.sedo.com/services/prices.php3?language=us

1rrr1 · 04-05-2005, 12:42 PM

hmmm...I think that is definitely killing sedo's sale of .co.in/.in

-db- · 04-05-2005, 01:03 PM

So, it's $150 minimum commission on (.CO).IN domains even if they are parked at Sedo?

Geez.

IAmAllanShore · 04-05-2005, 01:06 PM

Exactly. Anything that is not named in their list of $50 or $100 min is $150 min with 10% after.
-Allan

-db- · 04-05-2005, 01:27 PM

That certainly puts a damper on parking/listing my Indian names there (which I currently do). Of course, even though this is a surprise to many of us, I guess we can't complain. That's their policy and we agreed to it.

Note to self: When dealing with new/alternative extensions, be sure to read and understand all details.

Dillpup · 04-05-2005, 01:37 PM

Originally Posted by IAmAllanShore

.in = minimum $150

http://www.sedo.com/services/prices.php3?language=us

Listing a Domain on Sedo Free!

.com/.net/.org/.info/.biz/.us/.name/.li/
????: NamePros.com http://www.namepros.com/showthread.php?t=80415
.be/.dk/.de/.at/.ch 10% of the sales price
[ minimum $50¹ ]

.co.uk/.fr/.nl 10% of the sales price
[ minimum $100 ]

other domains 10% of the sales price
[ minimum $150 ]

-Allan

Wow,I didn't know that.That's the most ridiculous thing I've seen in awhile.Why stifle the sales of other extensions? It's just bad business for them,they could be making 10% off lots of smaller sales. It takes the exact same amount of work on thier part to handle a co.in transfer as it does a .com transfer.Actually when it comes right down to it,they do nothing with the transfer,they just offer a forum to sell and escrow the money.
Hopefully they'll change thier pricing structure at some point.

chriswalton74 · 04-05-2005, 01:47 PM

Well.... I have put in the counter offer at $2000 so we'll see what goes on from here. Thanks to you all for your input so far, I'll keep you updated if there is any progress.
I must add that $150 is very expensive by Sedo for a .in / .co.in sale. I'm sure it won't be helpful for either buyers or sellers.... no wonder these extensions are selling so well for 3 figure sums.... most of any profit on reg fee looks like it's being swallowed up by Sedo!

Ben42 · 04-05-2005, 01:54 PM

It can't be too long until they add it to the list:

Quote:

.com/.net/.org/.info/.biz/.us/.name/.li/
.be/.dk/.de/.at/.ch 10% of the sales price
[ minimum $50¹ ]
¹ No minimum fee if the domain is parked with Sedo; only the flat 10% rate applies.

.co.uk/.fr/.nl 10% of the sales price
[ minimum $100 ]

other domains 10% of the sales price
[ minimum $150 ]

I hate when companies try to be sneaky. This kills all chances for .in and other extensions not on their special little list that would sell with prices between $5 - $150. This drives the prices for those through the roof and nobody that read the sneaky wording would ever list one. Are they trying to keep the extensions they support at a minimum?
????: NamePros.com http://www.namepros.com/showthread.php?t=80415

If a .in is worth $150 in commission it had better be worth at least 1k to an end user or you just wasted a lot of money.

chriswalton74 · 04-05-2005, 01:57 PM

Just a quick update before I go off to bed....

Bidder came back to my counter offer of $2000 with a new bid of $250!
I've replied back with a new counter bid of $1800 (feeling generous as I've just won a few quid on Liverpool winning tonight!)

Bye for now

CrazyTech · 04-05-2005, 03:12 PM

Keep messing around - it's hard to say if he simply wants to pick it up cheap or will keep on going with you - only time will tell.

I'm pretty dissappointed with the $150 fee, glad I have yet to park my domains there. I'll keep them myself for that price. Hopefully it will eventually come down.

wot · 04-05-2005, 05:58 PM

I asked Sedo if they would broker my portfolio of .co.in. They insisted I park every one at Sedo and then said it would be unlikely they could do anything as the traffic would be insufficient to attract buyers on a new extension.

Basically they did not want to know.

As of this morning I have now sold 90 .co.in/in names myself and Sedo have lucked out on high $x,xxx of commission .

Good luck with your "sale" Chris, but do not be too greedy, remember what you paid for it and when!

harkster · 04-05-2005, 06:12 PM

That is nasty. Was off to list another 10. Now I think I may remove all my .co.in/.in & see if I can do something else.

redhippo · 04-05-2005, 06:13 PM

hmmm...i didnt know fees were $150

thats a killing by sedo

Prosperous · 04-05-2005, 07:18 PM

Originally Posted by Ben42

and nobody that read the sneaky wording would ever list one.

I had read their socalled 'sneaky' wording and then went ahead and listed my names there, just raising their (make offer) asking prices a bit.
????: NamePros.com http://www.namepros.com/showthread.php?t=80415

Now, what is bothersome is what you currently read on SEDO's 'more details' page -in red bold type- for each .in/.co.in name you guys have for sale there:
DETAILS:
Domain Name 'EXAMPLE' without content.
Important:
Please note that this is a transaction involving a .in domain. Domains with this ccTLD cannot be transferred within the first 60 days of the registration period. The first registrations for .in domains were carried out on the 16th February 2005.

I had asked SEDO about this via email and also on one of the other domain forums, pointing out that names can always be pushed instead of transfered out as an option, but they replied back that those notifications will be removed no earlier than mid-April. Untill then, the notifications will stay, possibly scaring away potential buyers.

-db- · 04-05-2005, 09:09 PM

Originally Posted by Prosperous

Untill then, the notifications will stay, possibly scaring away potential buyers.

Rob, I had not clicked on the info page for mine yet (like a potential buyer). You are so right. That bold red notice is surely not something that is good for sales.

bhyraj · 04-05-2005, 09:34 PM

costly

trishan · 04-05-2005, 11:03 PM

That's a real rip off. Do you guys think it is worth its cost?

04-05-2005, 08:08 AM	THREAD STARTER #1 (permalink)
chriswalton74 NamePros Regular Join Date: May 2004 Location: Peterborough Posts: 351	(.in) I have received an offer.....need advice... I have received an offer of $200 for a .in domain. If I decide to accept I have to pay fees of $150 to Sedo, so I can't see myself selling for this price. The minimum I would accept is $1000 as it is one of my personal favourites that I own and I'm in no rush to sell. Sedo have given me 3 options...... A) accept offer and sell domain (giving me $50 from the $200 sale) B) make a counter offer ????: NamePros.com http://www.namepros.com/cctld-discussion/80415-i-have-received-offer-need-advice.html c) decline the offer and cancel negotiations I have a few questions that maybe a few other Sedo members canm help me with... If I chose option (A) and accept the offer will I incure any other fees from my registrar? The domain is registered with domaindiscount24. Also will I have to set up an Escrow account and if so does this cost anything? If I chose option B (make a counter offer) does this mean that I have to put in my minimum ammount I will accept? i.e $1000? Also if the prospective buyer comes back and offers me the $1000 am I legally obliged to take it? If I chose option C and decline the offer what are the chances that the bidder will come back to me with a better offer? Or is it more likely that they will assume I'm not interested in selling and not contact me further? Sorry for all the questions, but all is new to me. It's very exciting stuff though!! Cheers Chris

04-05-2005, 08:35 AM	#3 (permalink)
IAmAllanShore NamePros Expert Join Date: Nov 2004 Location: Esse quam videri Posts: 8,316	Counter with something large, and keep the ball rolling (Especially if you like it that much). The counter offer gives the user the chance to "accept" your offer, and if they do, you must sell. So if you offer $5,000 (as your counter offer), then they will have the choice of accepting (and buying for $5,000 from you) or counter offering back for some amount between their original offer and your counter offer. Then, the process will continue until there is no meeting of the minds or you reach a price that the buyer is willing to pay and you are willing to accept for the domain. -Allan __________________ Something Witty This Way Comes...

04-05-2005, 12:41 PM	#9 (permalink)
aazevedo NamePros Regular Join Date: Mar 2005 Location: Portugal Posts: 300	if you dont have your domain parked at sedo, you have to pay a minimum $50 see their price list here http://www.sedo.com/services/prices.php3?language=us __________________ signature here

04-05-2005, 12:42 PM	#10 (permalink)
1rrr1 NamePros Expert Join Date: Jun 2004 Posts: 6,285	hmmm...I think that is definitely killing sedo's sale of .co.in/.in __________________ Drop Catching Services - Click here for more info Especially effective for .co, .in and .co.in domains. I also offer drop lists for these extensions.

04-05-2005, 01:03 PM	#11 (permalink)
-db- NamePros Inc. Join Date: Jan 2005 Location: Under the bed. Posts: 5,609	So, it's $150 minimum commission on (.CO).IN domains even if they are parked at Sedo? Geez. __________________ I support Children: Wish.org \| MissingKids.com I support Animals: SPCA.org \| SPCA.com Jeff \| Armstrong \| Grrilla - First 3 inductees into NamePro's Hall-Of-Fame.

04-05-2005, 08:18 AM	#2 (permalink)
Tippy NamePros Expert Join Date: May 2003 Location: Montreal Posts: 7,098	I had the same situation not long ago... A) I wouldnt sell the name for $200 when you have to pay sedo $150 of that. I'm not sure about regstrar fees but sedo has their own escrow which is included at no cost as far as I know. B) Yes, you would enter the amount you wanted, if he accepts it, he will pay that amount and I believe you'd have to sell it. C) I dont think you can cancel nego without doing (B) first or at least I wasnt able to cancel without further nego. I submitted what I wanted, whch was 1000 like you and got no reply back. After waiting the reply period out, 7 days i think, you can then cancel nego. Anyone else have different info?

04-05-2005, 09:08 AM	#4 (permalink)
bhyraj Senior Member Join Date: Apr 2005 Posts: 1,023	if .in useful for you you take it

04-05-2005, 09:22 AM	THREAD STARTER #5 (permalink)
chriswalton74 NamePros Regular Join Date: May 2004 Location: Peterborough Posts: 351	Thanks for the help so far. I guess I should chose option B then and counter offer at say $2000 being as I have nothing to lose...... If they accept I'll be happy, if they try and negotiate $1000 I'll probably accept, but if they decline and don't contact me again I won't be too bothered. It's a quite scary moment for a newbie..... all that time I've spent registering domains with the hope of selling them and now the time has come I feel like I haven't got a clue what to do i.e exchanging the name from my registrar etc. And it's totally ironic that out of the 100 or so domains that I own they have to put an offer in on the only one that I was personally attached to! Any further advice is very welcome. Chris

04-05-2005, 11:28 AM	#6 (permalink)
CrazyTech NamePros Expert Join Date: Oct 2004 Location: South Carolina Posts: 5,043	Honestly, I'd go for the counter offer - what have you got to lose? The domain certainly is worth more than $50 in your pocket. I'd throw the counter offer at him - go for a fair bit higher than what you actually want out of the domain and work your way down if need be. I'm thinking of putting some of my newly-reg'd names on Sedo here soon so I'll keep an eye on this one. Hope all goes well.

04-05-2005, 01:06 PM	#12 (permalink)
IAmAllanShore NamePros Expert Join Date: Nov 2004 Location: Esse quam videri Posts: 8,316	Exactly. Anything that is not named in their list of $50 or $100 min is $150 min with 10% after. -Allan __________________ Something Witty This Way Comes...

04-05-2005, 01:27 PM	#13 (permalink)
-db- NamePros Inc. Join Date: Jan 2005 Location: Under the bed. Posts: 5,609	That certainly puts a damper on parking/listing my Indian names there (which I currently do). Of course, even though this is a surprise to many of us, I guess we can't complain. That's their policy and we agreed to it. Note to self: When dealing with new/alternative extensions, be sure to read and understand all details. __________________ I support Children: Wish.org \| MissingKids.com I support Animals: SPCA.org \| SPCA.com Jeff \| Armstrong \| Grrilla - First 3 inductees into NamePro's Hall-Of-Fame. Last edited by -db-; 04-05-2005 at 01:31 PM.

04-05-2005, 01:47 PM	THREAD STARTER #15 (permalink)
chriswalton74 NamePros Regular Join Date: May 2004 Location: Peterborough Posts: 351	Well.... I have put in the counter offer at $2000 so we'll see what goes on from here. Thanks to you all for your input so far, I'll keep you updated if there is any progress. I must add that $150 is very expensive by Sedo for a .in / .co.in sale. I'm sure it won't be helpful for either buyers or sellers.... no wonder these extensions are selling so well for 3 figure sums.... most of any profit on reg fee looks like it's being swallowed up by Sedo!

04-05-2005, 01:57 PM	THREAD STARTER #17 (permalink)
chriswalton74 NamePros Regular Join Date: May 2004 Location: Peterborough Posts: 351	Just a quick update before I go off to bed.... Bidder came back to my counter offer of $2000 with a new bid of $250! I've replied back with a new counter bid of $1800 (feeling generous as I've just won a few quid on Liverpool winning tonight!) Bye for now

04-05-2005, 03:12 PM	#18 (permalink)
CrazyTech NamePros Expert Join Date: Oct 2004 Location: South Carolina Posts: 5,043	Keep messing around - it's hard to say if he simply wants to pick it up cheap or will keep on going with you - only time will tell. I'm pretty dissappointed with the $150 fee, glad I have yet to park my domains there. I'll keep them myself for that price. Hopefully it will eventually come down.

04-05-2005, 05:58 PM	#19 (permalink)
wot NamePros Expert Join Date: Apr 2003 Location: Golden Triangle Posts: 5,853	I asked Sedo if they would broker my portfolio of .co.in. They insisted I park every one at Sedo and then said it would be unlikely they could do anything as the traffic would be insufficient to attract buyers on a new extension. Basically they did not want to know. As of this morning I have now sold 90 .co.in/in names myself and Sedo have lucked out on high $x,xxx of commission . Good luck with your "sale" Chris, but do not be too greedy, remember what you paid for it and when! __________________ MonikerBlog.com

04-05-2005, 06:12 PM	#20 (permalink)
harkster Senior Member Join Date: Mar 2004 Location: Red State Posts: 1,605	That is nasty. Was off to list another 10. Now I think I may remove all my .co.in/.in & see if I can do something else. __________________ -- A Sometimes Light Hearted Journey Through The History of Shoes -- -- QUHL.com --

04-05-2005, 06:13 PM	#21 (permalink)
redhippo NamePros Expert Join Date: Oct 2003 Location: ANForum Posts: 5,218	hmmm...i didnt know fees were $150 thats a killing by sedo __________________ \|www.vb-skins.com\|- Quality Premade Vbulletin skins for Your VB forum makeover \|www.Banjir.com\|-Free image hosting?[B]For Sale!\|AlphaScripts\|Money Generating Scripts FREE VB Skins

04-05-2005, 09:34 PM	#24 (permalink)
bhyraj Senior Member Join Date: Apr 2005 Posts: 1,023	costly

04-05-2005, 11:03 PM	#25 (permalink)
trishan NamePros Regular Join Date: Nov 2003 Location: Melbourne Posts: 762	That's a real rip off. Do you guys think it is worth its cost? __________________ Online Marketing Melbourne \| JumperPunch \| FootyBook

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