Is Sedo DONE?

[DanBingham]

Ok, so let's face it - Sedo has been around for a while, it's platform could do with a complete overhaul, and they've made it much more difficult in listing names.

Is now about time Sedo closed it's doors?
What do YOU think?

 

[Jurgen Wolf]

Calculator, sale invoice and brain.

So only you are smart???

My commission using Sedo marketplace is strictly 10% for BIN parked domains.
+ 15 EUR I lose for wire transfer from their Commerzbank.
And that's all, never had any 12%.

 

[Laguna]

Hi DefinitelyDomains

Thank you for your engaging post.

The answer to your question is no, Sedo is most certainly not done. In fact since new management took control over Sedo, not only has our domain sales increased but the percentage of successful transfers has increased and with it customer satisfaction has also improved. This can be reflected in our trust pilot scoring, which has increased to ‘Excellent’.

We have a domain ownership verification process to increase the integrity of our marketplace and as a process to fight against ‘seller not owner’ sales. If you are finding this process difficult then please explain in more detail where exactly you are having difficulty and I will do my best to assist you.

As you mentioned, Sedo has been around for a while and we intend to be around for a lot longer, we want to remain the number 1 marketplace for you to buy and sell your domains. You mention our platform could do with an overhaul, I can assure you that our Tech Team are innovating and working on improving our marketplace as I write this email. With the intention of creating a better user experience when managing your domains.

We are constantly listening to feedback from our customers, some of the best feedback of which has come from this very forum. Our customers have asked and we have delivered:

· Price cap was lifted for sellers listing domains for more than 50000.

· We implemented 13 new sales landers to increase the chances of selling for those of you who looking to prioritise the sale of domains over earning money with our parking program.

· We dropped the minimum commission fee of 60 USD/ Euro, meaning on lower sales a seller can earn twice as much profit.

· We lowered the minimum offer to 20 Euro from 90 Euro for our sellers who wanted to sell lower valued domains quickly attracting more buyers.

· We have provided engaging auctions for our customers including the latest IGaming and Gambling auctions which are free to apply for.

· We updated our Search Algorithm, to display more direct matches to the keyword.

· We reduced the Payout time for transfers sales if buyer doesn’t confirm ownership.

· We have improved our MLS service to increase the chances of a domain selling.

· Sedos marketplace and our Sales brokers are STILL achieving some of the highest sales in the industry.

These are just some of the improvements we made in the last few months which were suggestions from domainers like yourself. Plus we have made many other changes, we have been taking all our customers feedback to our business development team and are trying to implement customers wishes to improve the overall experience at Sedo.

Just watch out, we still aim to improve and be the best we can for you and 2020 is a new year coming soon!

We wish you every success in your domain affairs!

All the best Chris

Hi, I submitted a name for the igaming auction a week ago but not had a reply yet. In the meantime it's showing as not for sale. Does no reply indicate it has been accepted ?

 

[moe]

So only you are smart???

My commission using Sedo marketplace is strictly 10% for BIN parked domains.
+ 15 EUR I lose for wire transfer from their Commerzbank.
And that's all, never had any 12%.

You are special

Just do me a favor, login to your "sedo" from the billing page download any invoice and post it here and I walk you through it step by step.

 

[Jurgen Wolf]

As Seller - I always check my commission including their invoices...
Strictly 10% for parked BIN (in the past was also minimum of 60 USD/EUR)
or 3% (min. 60 USD/EUR) when I use just their escrow.
And nothing above.

 

[Jurgen Wolf]

Another story - if you are obliged to pay VAT.
This tax is not applicable for me.

 

[carob]

Sedo add 20% VAT to their fees for me, so 10% sales commission does end up being 12% in the UK.

I don't think most people have heard of any domain sales platform, but if a first time buyer wanted to check track record, Sedo goes back years making it easier to trust them. But more platforms keep emerging, with way better features, so it is about time for Sedo to put money into development. Such as adding 2FA - their platform does have a 2FA plugin, they just don't use it - and I have pointed that out before.

And Sedo's visitor stats are still loony - any domain that gets a lot of traffic on Sedo now, I move it to Dan.com to see what Google Analytics shows. Usually it shows a lot less.

 

[moe]

Another story - if you are obliged to pay VAT.
This tax is not applicable for me.

Please do shift the argument to VAT or tax, it's really simple, open one of your invoices and divide the total sale amount with sedo commission multiplying with % and see how strict the commission is.

 

[branding]

What world do you live in? I qualify as "older people" at 72 years old young, and I'd NEVER heard of Sedo until such time I joined NP 24 months ago. Sedo might have a following in Europe, but few if any "end users" here in the states have ever heard of them....a FACT! "Dan", formerly Undeveloped is yet another example...do you think any "end user" here in the states has ever heard of a company called "Undeveloped"? Would you trust a company that calls themselves "Undeveloped"?

I rest my case

Last time I checked I was still a resident of planet Earth although I must honestly admit there are days I feel like an alien.

@Jurgen Wolf couldn't have put it any better. It's about credibility.

And you're right, it depends on where you or your buyers are from. Thruth is, the US makes only for a small % of sales compared to the total market. Why limit yourself to the US?

I think undeveloped/Dan did a stellar job at gaining market share. They obviously run the better platform but it's not easy to outperform the establishment.

It's not weird you never came across Sedo actually. It's like GoDaddy. Having your domains there may be an advantage if your targeting US buyers, most people from my country never heard of them.

 

[Jurgen Wolf]

Please do shift the argument to VAT or tax, it's really simple, open one of your invoices and divide the total sale amount with sedo commission multiplying with % and see how strict the commission is.

And again, and the last...
As NON-EU seller - I'm not obliged to pay any other fees, only those which are stated in their pricelist.
They deduct 3/10/15/20% from me.
Escrow/parked BIN/MakeOffer/MLS accordingly.
Never had anything else.

 

[NickB]

Hi, I submitted a name for the igaming auction a week ago but not had a reply yet. In the meantime it's showing as not for sale. Does no reply indicate it has been accepted ?

No - they will email you if accepted or rejected

 

[frank-germany]

Ok, so let's face it - Sedo has been around for a while, it's platform could do with a complete overhaul, and they've made it much more difficult in listing names.

Is now about time Sedo closed it's doors?
What do YOU think?

I 'm not doing to well with sedo
but Sedo itself should be fine

Recent Sales at Sedo:

upfrontmanagement.com 2,000 USD
Montag, 11. November 2019 15:30
upfrontmanagement.com
Price: 2,000 USD
wohnmobil.com 10,000 EUR
Montag, 11. November 2019 15:30
wohnmobil.com
Price: 10,000 EUR
saxx.com 65,000 USD
Montag, 11. November 2019 15:30
saxx.com
Price: 65,000 USD
vidastudio.com 6,500 EUR
Montag, 11. November 2019 15:30
vidastudio.com
Price: 6,500 EUR
smilelife.com 15,000 USD
Montag, 11. November 2019 15:30
smilelife.com
Price: 15,000 USD
fitfashion.com 3,000 EUR
Montag, 11. November 2019 15:30
fitfashion.com
Price: 3,000 EUR
rechnungsvordrucke.de 2,500 EUR
Montag, 11. November 2019 15:30
rechnungsvordrucke.de
Price: 2,500 EUR
turbodial.com 7,500 USD
Montag, 11. November 2019 15:30
turbodial.com
Price: 7,500 USD
evansmd.com 2,000 USD
Montag, 11. November 2019 15:30
evansmd.com
Price: 2,000 USD
the-race.com 5,000 EUR
Montag, 11. November 2019 15:30
the-race.com
Price: 5,000 EUR
biscotti.com 9,999 USD
Montag, 11. November 2019 15:30
biscotti.com
Price: 9,999 USD
odds.co 25,000 GBP
Montag, 11. November 2019 15:30
odds.co
Price: 25,000 GBP
lade.de 5,000 EUR
Montag, 11. November 2019 15:30
lade.de
Price: 5,000 EUR
m-plus.ch 3,000 EUR
Montag, 11. November 2019 15:30
m-plus.ch
Price: 3,000 EUR
commercialsearch.com 30,000 USD
Montag, 11. November 2019 15:30
commercialsearch.com
Price: 30,000 USD
incorporate123.com 2,999 USD
Montag, 11. November 2019 15:30
incorporate123.com
Price: 2,999 USD
oli.com 50,000 USD
Montag, 11. November 2019 15:30
oli.com
Price: 50,000 USD
produktvergleich.de 17,000 EUR
Montag, 11. November 2019 15:30
produktvergleich.de
Price: 17,000 EUR
amlh.com 4,500 USD
Montag, 11. November 2019 15:30
amlh.com
Price: 4,500 USD
aghb.com 2,300 USD
Montag, 11. November 2019 15:30
aghb.com
Price: 2,300 USD
ツ.co 2,700 USD
Montag, 11. November 2019 15:30
ツ.co
Price: 2,700 USD

 

[NickB]

I have moved over all my .org names and all my Defi names to Sedo.

I agree that if your name has value it does not matter where it is listed BUT when it comes to higher value sales I am beginning to think (and have been for a while now) that Sedo & Uniregistry might be the best place to be seen

This does not mean all my names have high value by the way

 

[frank-germany]

We are constantly listening to feedback from our customers, some of the best feedback of which has come from this very forum.

You are constantly asking for feedback
but I can't say that you listening

the main problem for me with sedo is:

the non handling of the VAT issue

DAN had asked and acted accordingly

( thanks DAN )

the VAT has to be added to the sales price
in case the customer is coming from the same country as I am.

not such a big deal
but no one cares for 10 years


the next issue is:
why do you not just simply ignore
domains that are already in my account
when I add them

why do I need to manually
delete all existing domains
when adding them

why can't I just add an unlimited number of domains
as I can with DAN
w/o that hassle


why can't you use a full screen
when it comes to domain management

why do I need to struggle with the same interface for nearly 20 years?

thank you, DAN for creating competition
- and not merging with Epik-

 

[Michael Ehrhardt]

Hi DefinitelyDomains

Thank you for your engaging post.

The answer to your question is no, Sedo is most certainly not done. In fact since new management took control over Sedo, not only has our domain sales increased but the percentage of successful transfers has increased and with it customer satisfaction has also improved. This can be reflected in our trust pilot scoring, which has increased to ‘Excellent’.

We have a domain ownership verification process to increase the integrity of our marketplace and as a process to fight against ‘seller not owner’ sales. If you are finding this process difficult then please explain in more detail where exactly you are having difficulty and I will do my best to assist you.

As you mentioned, Sedo has been around for a while and we intend to be around for a lot longer, we want to remain the number 1 marketplace for you to buy and sell your domains. You mention our platform could do with an overhaul, I can assure you that our Tech Team are innovating and working on improving our marketplace as I write this email. With the intention of creating a better user experience when managing your domains.

We are constantly listening to feedback from our customers, some of the best feedback of which has come from this very forum. Our customers have asked and we have delivered:

· Price cap was lifted for sellers listing domains for more than 50000.

· We implemented 13 new sales landers to increase the chances of selling for those of you who looking to prioritise the sale of domains over earning money with our parking program.

· We dropped the minimum commission fee of 60 USD/ Euro, meaning on lower sales a seller can earn twice as much profit.

· We lowered the minimum offer to 20 Euro from 90 Euro for our sellers who wanted to sell lower valued domains quickly attracting more buyers.

· We have provided engaging auctions for our customers including the latest IGaming and Gambling auctions which are free to apply for.

· We updated our Search Algorithm, to display more direct matches to the keyword.

· We reduced the Payout time for transfers sales if buyer doesn’t confirm ownership.

· We have improved our MLS service to increase the chances of a domain selling.

· Sedos marketplace and our Sales brokers are STILL achieving some of the highest sales in the industry.

These are just some of the improvements we made in the last few months which were suggestions from domainers like yourself. Plus we have made many other changes, we have been taking all our customers feedback to our business development team and are trying to implement customers wishes to improve the overall experience at Sedo.

Just watch out, we still aim to improve and be the best we can for you and 2020 is a new year coming soon!

We wish you every success in your domain affairs!

All the best Chris

Very nice but still a lot of work to do

Showcase way to expensive

to be continued

 

[Kingslayer]

Sounds to me like you have some sort of special interest in Sedo.

Not really, I've never sold a domain on there.

But i do read and i don't believe there's a domain marketplace who have been involved in more premium 6 figure+ domains than Sedo over the past 2 or 3 years, it's one of the reasons why Sedo's brokerage team was my first choice over other brokers for a domain i own, they clearly get results!

I like some of the promotion auctions they do every month, such as the great domains auction and the iGaming they've got currently coming up, those have clearly been a success when you look at sales which have come from those (ie:- cooking.com), other marketplaces should take a leaf out of Sedo's book and do things like that, but i also think Sedo can improve on some things that newer marketplaces (such as Dan) do better.

To answer the title of this thread though, Sedo clearly aren't done.

 

[Jurgen Wolf]

why do I need to struggle with the same interface for nearly 20 years?

Ask for access to Sedo API - and then you may use your own interface or just command line.

 

[Laguna]

No - they will email you if accepted or rejected

It's been a week already and showing as not for sale. It shouldn't take that long to either say yes or no in my opinion

 

[Jurgen Wolf]

It's been a week already and showing as not for sale. It shouldn't take that long to either say yes or no in my opinion

Launch their LiveChat...

 

[vravis9]

The post sounds very silly....

the title sounds ridiculous after reading the content...

I definitely think there is lot more need to be improved at Sedo but saying it is done and should close doors is far from truth.

giving a feedback / opinion what needs to be done or what we want in features is more realistic and helping for all parties.

 

[frank-germany]

Ask for access to Sedo API - and then you may use your own interface or just command line.

thanks didn't know that option

but I have no intention to program myself
or pay a programmer
for a task
that sedo should have taken
ages ago

 

[Jurgen Wolf]

Mostly API doesn't require any special skills to use it in own scripts or in command line mode.
Only very own interface/panel requires it.

 

[branding]

thanks didn't know that option

but I have no intention to program myself
or pay a programmer
for a task
that sedo should have taken
ages ago

But it'll save you so much time in the long run! Think of all that extra time you would have on your hands to roast Epik

 

[Haroon Basha]

One of my favorite marketplace is SEDO.com. I really enjoy their start to finish interactions, how they close a transaction. Their payment is very prompt, once the domain name is in buyer's account, I get payment within 24 hours. They charge 10% commission (I do most of my sales as BIN only). Further, there is no deduction by PayPal, I get full amount credited, like Afternic, DAN etc.

 

[ThatNameGuy]

Last time I checked I was still a resident of planet Earth although I must honestly admit there are days I feel like an alien.

@Jurgen Wolf couldn't have put it any better. It's about credibility.

And you're right, it depends on where you or your buyers are from. Thruth is, the US makes only for a small % of sales compared to the total market. Why limit yourself to the US?

I think undeveloped/Dan did a stellar job at gaining market share. They obviously run the better platform but it's not easy to outperform the establishment.

It's not weird you never came across Sedo actually. It's like GoDaddy. Having your domains there may be an advantage if your targeting US buyers, most people from my country never heard of them.

You said, "Truth is, the US makes only for a small % of sales compared to the total market. Why limit yourself to the US?" Herein lies a HUGE disconnect? Do you know this to be a fact...or are you just guessing? Please sir...point me to statistics that bare this out?

Interesting, I happen to notice this thread was started by a member from the UK, and the majority of responders seem to be European. No wonder when I build a portfolio of couple hundred real estate and homes domains, and I'm mostly targeting US "end users", the rest of the domainers in the world don't understand? It's like I'm saying tomatoes and you're hearing potatoes

Maybe we should have a USNamePros, a EUNamePros, and an AsianNamePros. We're all educated differently, our economic systems are different and lord knows, our political systems are miles apart.....any suggestions?

 

[NickB]

You said, "Truth is, the US makes only for a small % of sales compared to the total market. Why limit yourself to the US?" Herein lies a HUGE disconnect? Do you know this to be a fact...or are you just guessing? Please sir...point me to statistics that bare this out?

Interesting, I happen to notice this thread was started by a member from the UK, and the majority of responders seem to be European. No wonder when I build a portfolio of couple hundred real estate and homes domains, and I'm mostly targeting US "end users", the rest of the domainers in the world don't understand? It's like I'm saying tomatoes and you're hearing potatoes

Maybe we should have a USNamePros, a EUNamePros, and an AsianNamePros. We're all educated differently, our economic systems are different and lord knows, our political systems are miles apart.....any suggestions?

No longer restricted? Namepros beware

Half the fun of this forum is reading different views from different people in different parts of the world - helps with the learning curve