SEDO sellers want to rip me off!

kbweb · 09-10-2008, 10:29 AM

Do you think these people are joking or what?

I made an offer on 2 similar domains without a price. The offers were in the $500-800 range. I did this about 6 times with no reply for each.

Finally the first one gives a counter offer of $25,000. (I know this domain isn't worth a fifth of that) I ended that.

The second finally answered and countered with $999,999.

I told him to get serious and countered with $600. (I saw this domain offered on another site for about $5,000 AND I have the hyphenated version which I got for $9) There's NO WAY he is getting that.

What's the purpose?
Are they joking with me or just being difficult?

So my experience at SEDO has been less than satisfactory. A lot of extremely high counter-offers and difficult people. I can't say I recommend SEDO because these squatters think they can get a lot of money on them. (I myself sell domains but feel I am reasonable.

mosilager · 09-10-2008, 01:09 PM

Well, I wouldn't blame SEDO as the main culprit here, all they are is a medium between domains buyers and sellers (making a small commisson in bteween sales and ppc).

What you are encountering unfortunately is a trend that this industry is going through due to the very public profile of certain high domain sales, and you're finding sellers who think they can get $X,xxx,xxx for their domains as well!.

The bottom line is that these sellers own the domain and they can charge what they want for it, it's unfortunate that some sellers have no idea about the value of their domains, but how are you going to educate these fools?.

napa · 09-10-2008, 02:22 PM

You can't do much nowadays with a few hundred bucks, if they do not need money that bad it is smart not to sell. Just because they do not sell for less than thousands doesn't make them "squatters". Just keep giving low ball offers and maybe somebody will sell.

Len · 09-10-2008, 05:27 PM

Originally Posted by kbweb

Do you think these people are joking or what?

I made an offer on 2 similar domains without a price. The offers were in the $500-800 range. I did this about 6 times with no reply for each.

Finally the first one gives a counter offer of $25,000. (I know this domain isn't worth a fifth of that) I ended that.

Well there's your problem... Interesting to see that you say that the domain isn't worth a fifth of $25,000, which is $5,000. So taking your comment's into perspective let's presume you think it is probably worth $4,000. If that is the case why would you think that you could persuade the owner to sell for a price between $500-$800?
It is possible the seller has declined much higher offers and would have no reason to sell for your price.

In the other case, It appears to me that the seller is sick of low ball offers and responded with a ridicoulsly high figure to basically say "Up yours"!

DomainLobe · 09-10-2008, 10:27 PM

Originally Posted by napa

You can't do much nowadays with a few hundred bucks, if they do not need money that bad it is smart not to sell. Just because they do not sell for less than thousands doesn't make them "squatters".

I think you hit the nail on the head - If Domain Investors don't need the money than why sell for peanuts?

It only takes a few big sales to float a large portfolio and these sales definitely occur more frequently with a large, quality portfolio.
????: NamePros.com http://www.namepros.com/domain-newbies/512668-sedo-sellers-want-rip-me-off.html

Good Luck

akcampbell · 09-11-2008, 02:11 AM

Alot of domain owners leave their names listed at Sedo but they are actually long term holders or have the name queued for development. The domain is listed there to provide a contact and negotiation route for motivated end users only.

There are thousands of people with time on their hands who do the rounds on Sedo bidding $200 for domains worth 100 times that. I think they are trying to find the mug in a 1000 or compiling a list of counteroffers to gauge best value.

People counter with insanely high prices because they don't want to open their business with a buy now price because somebody has bid them $200 and can't cancel the thread for 7 days or until a buyer cancels, and they don't want to inundated by reminders for lowball bids.

Sedo could improve their functionality by allowing sellers to cancel the thread as soon as a lowball offer is submitted. The thought of missing a sale makes them sick so they insist on keeping pointless threads open and bombard both sides with reminders leading to unrealistic bidding on both sides.

If somebody has a house, they are not squatters because they won't sell you it for $1m. The art of domain buying and selling is to find a deal that works for both parties.
????: NamePros.com http://www.namepros.com/showthread.php?t=512668

Sedo domain listers are less inclined to sell for modest amounts than people you contact speculatively from WHOIS records. Not one of the domains in my signature came from Sedo. Most came from research and direct emails or forum contacts. Another point to bear in mind about Sedo is they don't enforce contracts and deduct 10% commission so sellers want higher prices as compensation for the risks and costs involved.

gladdy · 09-11-2008, 02:56 AM

From my point of view there are category of people who actually do not want to sell the domain names, because they have their own tactic. Listing at SEDO is just to attract more viewers to domain name, sometimes they set initial price very high - it means "I do not want to sell domain name" and they always have a real reason to do that, think yourself why? Because people at forums start to talk about unfairly high prices of that specific domain - result is more traffic to domain, easy ahh? "ATTRACTION" is the right keyword here and it is the answer to your question!!!
Iam selling a lot of domain names, I know that I'am talking, believe me, always there is a reason.

PokerPie · 09-11-2008, 03:56 AM

Something about making a $500 offer and being countered with $999,999 is very funny to me. Only in domaining!

kbweb · 09-11-2008, 11:20 AM

My point is they do not display a price (just "Make offer"). I DO NOT KNOW how much they want. So why would they be such a pain when they finally answer? I believe they are irritated by what is in their opinions a low-ball offer, but again, how do I know what they want if they don't answer?

And I'm the ONLY ONE bidding. It's not like they can pick and choose one of many offers. They will hold on to these domains for quite some time at this rate.

hugegrowth · 09-11-2008, 12:32 PM

"make offer" is a great tool for a seller, why set the price at say $1,000 if someone might pay $20,000? I think it's at least good for sellers to set a minimum bid price of $500 or $1000 or whatever to keep low ballers away, or keep potential bidders from wasting their time with lower offers.

Some domainers don't mind holding their domains and waiting for the big offer to come along. You shouldn't be insulted if they don't want to sell to you, just counter with a higher offer or move on to find a different name.

Decide on the maximum price you're willing to pay, and if they don't accept then you have to deal with it.

sdsinc · 09-11-2008, 02:20 PM

Originally Posted by akcampbell

Alot of domain owners leave their names listed at Sedo but they are actually long term holders or have the name queued for development. The domain is listed there to provide a contact and negotiation route for motivated end users only.

????: NamePros.com http://www.namepros.com/showthread.php?t=512668
I even remove the 'for sale' option on quite a few domains. If end users are motivated enough they will use whois to contact me. It's easier to lowball when you're anonymous

akcampbell · 09-11-2008, 02:57 PM

People don't price their domains for a lot of reasons. Somebody may offer them more as already pointed out, the page may get indexed by Google with the price which may make it harder to sell for a higher price in the future, it may be viewed as evidence that a domain is held in bad faith if somebody makes a UDRP claim, or it may encourage buyers to make offers significantly below the listed price.

If you want something somebody else has you either have to pay the troll or find another bridge to cross.

maximum · 09-12-2008, 08:20 PM

Originally Posted by akcampbell

People don't price their domains for a lot of reasons. Somebody may offer them more as already pointed out, the page may get indexed by Google with the price which may make it harder to sell for a higher price in the future, it may be viewed as evidence that a domain is held in bad faith if somebody makes a UDRP claim, or it may encourage buyers to make offers significantly below the listed price.
????: NamePros.com http://www.namepros.com/showthread.php?t=512668

If you want something somebody else has you either have to pay the troll or find another bridge to cross.

Talking about hitting the nail on the head

Rep added for that great answer

weblord · 09-12-2008, 08:23 PM

you took the words right out of my mouth.

Originally Posted by PokerPie

Something about making a $500 offer and being countered with $999,999 is very funny to me. Only in domaining!

zabijaq · 09-22-2008, 10:43 PM

Too much new kids comming, few can't behave

useless · 09-22-2008, 11:00 PM

i always had a more than nice experience with sedo.......

fh08 · 09-23-2008, 07:41 PM

this is a really great discussion.

Spade · 09-24-2008, 11:35 AM

Originally Posted by kbweb

I can't say I recommend SEDO because these squatters think they can get a lot of money on them. (I myself sell domains but feel I am reasonable.

Its amusing to me that you label a domain owner who doesnt want to sell a domain to you at your price a squatter, but when you sell a domain at a reasonable price, your just a business person.
????: NamePros.com http://www.namepros.com/showthread.php?t=512668

What if I wanted to buy one of your domain names at $1 - but you countered with $20. Well, if I think your price is outrageous (20x my offer) is it right to label you a squatter?

sdsinc · 09-24-2008, 01:38 PM

Originally Posted by kbweb

I myself sell domains but feel I am reasonable.

It's funny, I know of another member like you but hey he ain't squatting either lol

domexp · 10-20-2008, 09:13 AM

Originally Posted by akcampbell

Another point to bear in mind about Sedo is they don't enforce contracts and deduct 10% commission so sellers want higher prices as compensation for the risks and costs involved.

Hi AkCampbell,

Could you explain more about that statement, i.e. "sedo don't enforce contracts?"

I thought they provide escrow service which protects both the buyer and seller?
????: NamePros.com http://www.namepros.com/showthread.php?t=512668

*sorry, newbie here.

Thanks!
domexp

GeneSimmons · 10-20-2008, 06:05 PM

An unsold parked domain is worth nothing. I don't care what the domainer saids. If you are sitting on a domain that you are paying to renew and you maybe make $50.00 per year on clicks. Well, your holding an almost worthless domain. It's very rare for a domain to make you thousands of dollars with in several years years time. Now, I know I will get people that will say they have made tons of money during there years of domaining. Well ..................... lucky You. But it don't happen as often as many domainers seem to want you believe. Yes, they ask a crazy price because they hear in the news of " joetheplummer.com" selling for over a half million dollars. I mean get real. the best you can hope for is a domain you pay reg fee for selling for a couple or few hundred dollars down the road. That does happen. A while back I made an offer through sedo for a domain and got a very nasty response back from the seller. Well, just 2 weeks ago I saw it sell at sedo auction for much less than what I had offered. Explain that. I like a lot of the people here on the forum. But domainers in general are just doing whatever they can to make more than what there domains are ever going to be worth. Like I said, if your just holing a domain .......... it's only worth the clicks you get. Not a penny more. Now if I had a domain that was making me $100 a day in clicks....... why would I sell it to begin with untill those clicks start dropping.
As for sedo, I just dont trust it. Had a domain parked there and made nothing in clicks. I have had google ads running just 5 days on a page I made for that domain and I am getting clicks. The clicks started the 2nd day I had it up. Now I will not get rich there, but it's enough to put sedo in question as far as I am concerned. So when I make an offer on a dmain from sedo and I get a message back that my offer was too low because he is making $1000 a week in clicks. I mark that seller as a ripoff.

maximum · 10-21-2008, 12:35 AM

Originally Posted by domexp

Hi AkCampbell,
????: NamePros.com http://www.namepros.com/showthread.php?t=512668

Could you explain more about that statement, i.e. "sedo don't enforce contracts?"

I thought they provide escrow service which protects both the buyer and seller?

*sorry, newbie here.

Thanks!
domexp

Pardon me for being so bold, but I'll answer for akcampbell. Sedo does provide decent protection measures, so you're fairly safe in a sale. But, if a buyer makes a "buy now" sale (if you have that set for the domain), an offer you accept, or wins an auction for it, and then the buyer doesn't pay-up, Sedo is not prone to doing much to enforce the sales agreement they agreed to when they submitted the bid/offer. Basically, if they don't pay you wasted your time, are stuck just having to relist it, and if it was in auction its hard to get Sedo to put you in contact with the second highest bidder. You end-up having to start over because someone decided after their offer that they didn't want it for that price, or they just did it for the heck of it. Sedo rarely seems to care in those cases. As I mentioned before, however, as far as a safe transaction actually taking place, if you follow their instructions, and ONLY take actions listed in your Sedo account control panel's "view transactions" section, during a sale's transfer (do not rely on emails claiming to be from Sedo..all legit Sedo emails will just refer you to the control panel), an actual sale on Sedo is safe - You just can't count on the sale being done until Sedo actually says in that control panel that they've been paid. Alot of times the process gets started, and the buyer never pays..Then you're stuck emailing Sedo (10 business day minimum, after offer accepted, per your agreement) just to get them to try again to get the buyer to pay-up or to "free-up" the domain so that it is relisted.

domexp · 10-21-2008, 02:49 AM

Hi Maximum,

Many thanks for the explaination! Appreciate it.

So basically, it's very possible to have our time wasted 10 days should a buyer decides not to pay up, and Sedo won't do anything about it.
????: NamePros.com http://www.namepros.com/showthread.php?t=512668

But if the Sedo control panel says they have been paid, then it is safe to release/transfer the domain to the buyer? Or will Sedo do this for us?

btw, on a related matter, I saw on another thread, someone says it's good to list a domain for sale at multiple places, e.g. Sedo and Afternic.

How does this work? What if in this case, a buyer wins the action but refuse to pay even after 7 days - is one allowed to sell at Afternic or must one wait until the 10days is up or after Sedo 'release' the domain from the auction?

Thanks again!
expdom

ezimedia · 10-21-2008, 10:57 PM

HI

I set all my domains on sedo to make an offer cause you never know how high the offer will be from the person making the offer... and if the offer is good and I need the money I accept it in most cases.... I do not sell many names on sedo..

Tom

***johname*** · 10-21-2008, 11:23 PM

some sellers feel if they have a 5k name they dont want to mess with your 500 offer. They have that right. And it doesnt matter if you think that namne isnt worth 5k.

09-10-2008, 10:29 AM	THREAD STARTER #1 (permalink)
kbweb NamePros Member Join Date: Apr 2008 Location: Florida Posts: 118	SEDO sellers want to rip me off! Do you think these people are joking or what? I made an offer on 2 similar domains without a price. The offers were in the $500-800 range. I did this about 6 times with no reply for each. Finally the first one gives a counter offer of $25,000. (I know this domain isn't worth a fifth of that) I ended that. The second finally answered and countered with $999,999. I told him to get serious and countered with $600. (I saw this domain offered on another site for about $5,000 AND I have the hyphenated version which I got for $9) There's NO WAY he is getting that. What's the purpose? Are they joking with me or just being difficult? So my experience at SEDO has been less than satisfactory. A lot of extremely high counter-offers and difficult people. I can't say I recommend SEDO because these squatters think they can get a lot of money on them. (I myself sell domains but feel I am reasonable.

09-10-2008, 01:09 PM	#2 (permalink)
mosilager Senior Member Join Date: Sep 2005 Location: Fort Worth, TX Posts: 1,097	Well, I wouldn't blame SEDO as the main culprit here, all they are is a medium between domains buyers and sellers (making a small commisson in bteween sales and ppc). What you are encountering unfortunately is a trend that this industry is going through due to the very public profile of certain high domain sales, and you're finding sellers who think they can get $X,xxx,xxx for their domains as well!. The bottom line is that these sellers own the domain and they can charge what they want for it, it's unfortunate that some sellers have no idea about the value of their domains, but how are you going to educate these fools?. __________________ Looking For Offers: akl.net/aej.net Anti Snoring Devices \| Discount Golf Palm Springs

09-10-2008, 02:22 PM	#3 (permalink)
napa NamePros Member Join Date: Oct 2005 Posts: 110	You can't do much nowadays with a few hundred bucks, if they do not need money that bad it is smart not to sell. Just because they do not sell for less than thousands doesn't make them "squatters". Just keep giving low ball offers and maybe somebody will sell. __________________ Games

09-11-2008, 02:11 AM	#6 (permalink)
akcampbell .Pro Regular Join Date: Sep 2006 Posts: 1,346	Alot of domain owners leave their names listed at Sedo but they are actually long term holders or have the name queued for development. The domain is listed there to provide a contact and negotiation route for motivated end users only. There are thousands of people with time on their hands who do the rounds on Sedo bidding $200 for domains worth 100 times that. I think they are trying to find the mug in a 1000 or compiling a list of counteroffers to gauge best value. People counter with insanely high prices because they don't want to open their business with a buy now price because somebody has bid them $200 and can't cancel the thread for 7 days or until a buyer cancels, and they don't want to inundated by reminders for lowball bids. Sedo could improve their functionality by allowing sellers to cancel the thread as soon as a lowball offer is submitted. The thought of missing a sale makes them sick so they insist on keeping pointless threads open and bombard both sides with reminders leading to unrealistic bidding on both sides. If somebody has a house, they are not squatters because they won't sell you it for $1m. The art of domain buying and selling is to find a deal that works for both parties. ????: NamePros.com http://www.namepros.com/showthread.php?t=512668 Sedo domain listers are less inclined to sell for modest amounts than people you contact speculatively from WHOIS records. Not one of the domains in my signature came from Sedo. Most came from research and direct emails or forum contacts. Another point to bear in mind about Sedo is they don't enforce contracts and deduct 10% commission so sellers want higher prices as compensation for the risks and costs involved. __________________ Total.pro August 2011 registry stats added 4 December 2011 Last edited by akcampbell; 09-11-2008 at 02:23 AM.

09-11-2008, 02:56 AM	#7 (permalink)
gladdy Senior Member Join Date: Apr 2008 Location: goldnames.com Posts: 4,753 Follow @goldnames_com	From my point of view there are category of people who actually do not want to sell the domain names, because they have their own tactic. Listing at SEDO is just to attract more viewers to domain name, sometimes they set initial price very high - it means "I do not want to sell domain name" and they always have a real reason to do that, think yourself why? Because people at forums start to talk about unfairly high prices of that specific domain - result is more traffic to domain, easy ahh? "ATTRACTION" is the right keyword here and it is the answer to your question!!! Iam selling a lot of domain names, I know that I'am talking, believe me, always there is a reason. __________________ Goldnames.com \| Daily backorder ideas in our BLOG \| Sedo portfolio \| Latest domain sales \| ADVN.com

09-11-2008, 03:56 AM	#8 (permalink)
PokerPie Account Suspended Join Date: Dec 2007 Posts: 289	Something about making a $500 offer and being countered with $999,999 is very funny to me. Only in domaining!

09-11-2008, 11:20 AM	THREAD STARTER #9 (permalink)
kbweb NamePros Member Join Date: Apr 2008 Location: Florida Posts: 118	My point is they do not display a price (just "Make offer"). I DO NOT KNOW how much they want. So why would they be such a pain when they finally answer? I believe they are irritated by what is in their opinions a low-ball offer, but again, how do I know what they want if they don't answer? And I'm the ONLY ONE bidding. It's not like they can pick and choose one of many offers. They will hold on to these domains for quite some time at this rate.

09-11-2008, 12:32 PM	#10 (permalink)
hugegrowth NamePros Regular Join Date: Dec 2006 Posts: 364 Follow @domains	"make offer" is a great tool for a seller, why set the price at say $1,000 if someone might pay $20,000? I think it's at least good for sellers to set a minimum bid price of $500 or $1000 or whatever to keep low ballers away, or keep potential bidders from wasting their time with lower offers. Some domainers don't mind holding their domains and waiting for the big offer to come along. You shouldn't be insulted if they don't want to sell to you, just counter with a higher offer or move on to find a different name. Decide on the maximum price you're willing to pay, and if they don't accept then you have to deal with it. __________________ Submit your website now - Free! go to... http://www.MyAffinity.com

09-11-2008, 02:57 PM	#12 (permalink)
akcampbell .Pro Regular Join Date: Sep 2006 Posts: 1,346	People don't price their domains for a lot of reasons. Somebody may offer them more as already pointed out, the page may get indexed by Google with the price which may make it harder to sell for a higher price in the future, it may be viewed as evidence that a domain is held in bad faith if somebody makes a UDRP claim, or it may encourage buyers to make offers significantly below the listed price. If you want something somebody else has you either have to pay the troll or find another bridge to cross. __________________ Total.pro August 2011 registry stats added 4 December 2011

09-22-2008, 10:43 PM	#15 (permalink)
zabijaq Account Suspended Join Date: Apr 2008 Posts: 271	Too much new kids comming, few can't behave

09-22-2008, 11:00 PM	#16 (permalink)
useless NamePros Regular Join Date: Sep 2008 Location: India Posts: 360	i always had a more than nice experience with sedo.......

09-23-2008, 07:41 PM	#17 (permalink)
fh08 NamePros Member Join Date: Sep 2008 Location: Domainland Posts: 132	this is a really great discussion.

10-20-2008, 06:05 PM	#21 (permalink)
GeneSimmons NamePros Member Join Date: Oct 2008 Posts: 35	An unsold parked domain is worth nothing. I don't care what the domainer saids. If you are sitting on a domain that you are paying to renew and you maybe make $50.00 per year on clicks. Well, your holding an almost worthless domain. It's very rare for a domain to make you thousands of dollars with in several years years time. Now, I know I will get people that will say they have made tons of money during there years of domaining. Well ..................... lucky You. But it don't happen as often as many domainers seem to want you believe. Yes, they ask a crazy price because they hear in the news of " joetheplummer.com" selling for over a half million dollars. I mean get real. the best you can hope for is a domain you pay reg fee for selling for a couple or few hundred dollars down the road. That does happen. A while back I made an offer through sedo for a domain and got a very nasty response back from the seller. Well, just 2 weeks ago I saw it sell at sedo auction for much less than what I had offered. Explain that. I like a lot of the people here on the forum. But domainers in general are just doing whatever they can to make more than what there domains are ever going to be worth. Like I said, if your just holing a domain .......... it's only worth the clicks you get. Not a penny more. Now if I had a domain that was making me $100 a day in clicks....... why would I sell it to begin with untill those clicks start dropping. As for sedo, I just dont trust it. Had a domain parked there and made nothing in clicks. I have had google ads running just 5 days on a page I made for that domain and I am getting clicks. The clicks started the 2nd day I had it up. Now I will not get rich there, but it's enough to put sedo in question as far as I am concerned. So when I make an offer on a dmain from sedo and I get a message back that my offer was too low because he is making $1000 a week in clicks. I mark that seller as a ripoff. __________________ 4Sale--->alexeiramirez.net (Soon To Be American League Rookie Of The Year) - californcation.com

10-21-2008, 02:49 AM	#23 (permalink)
domexp New Member Join Date: Oct 2008 Posts: 8	Hi Maximum, Many thanks for the explaination! Appreciate it. So basically, it's very possible to have our time wasted 10 days should a buyer decides not to pay up, and Sedo won't do anything about it. ????: NamePros.com http://www.namepros.com/showthread.php?t=512668 But if the Sedo control panel says they have been paid, then it is safe to release/transfer the domain to the buyer? Or will Sedo do this for us? btw, on a related matter, I saw on another thread, someone says it's good to list a domain for sale at multiple places, e.g. Sedo and Afternic. How does this work? What if in this case, a buyer wins the action but refuse to pay even after 7 days - is one allowed to sell at Afternic or must one wait until the 10days is up or after Sedo 'release' the domain from the auction? Thanks again! expdom

10-21-2008, 10:57 PM	#24 (permalink)
ezimedia Senior Member Join Date: Dec 2003 Location: IllawarraClassifieds.com.au Posts: 2,361 Follow @ezimedia	HI I set all my domains on sedo to make an offer cause you never know how high the offer will be from the person making the offer... and if the offer is good and I need the money I accept it in most cases.... I do not sell many names on sedo.. Tom __________________ My Domains @ Bido.com - Take a LOOK and Vote Or Bid Free Directory Submitter - More Free Seo Tools - Free Forum Poster Software

10-21-2008, 11:23 PM	#25 (permalink)
*johname* Business Member Join Date: Jan 2007 Posts: 13,006	some sellers feel if they have a 5k name they dont want to mess with your 500 offer. They have that right. And it doesnt matter if you think that namne isnt worth 5k.

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