question-answered Advice Needed on Responding to Sedo Broker Inquiry

[shyama]

I received an inquiry and offer through a Sedo broker, but I’m not sure how to proceed. Here’s the situation:

I informed the Sedo broker that the Buy It Now price for the domain is $49,888, and mentioned that it is also listed on Afternic at the same price.

The broker then responded, stating that the domain was sold two weeks ago for $800 on DropCatch and that their client is now offering $1,500 for it.

So far, I have not responded to the broker.

Can anyone suggest how I should reply to them in this situation?

Thanks

 

[DigitalAsset]

If you need the money, you can negotiate. However, if you lower your price from $50K to $10K, then this approach may not be wise, indicating that the asset was not priced correctly from the beginning.

 

[Armageddon]

If is all legit the inq. ok not broker business how much sold or acquire in past
If the buyer want to pay your price ( 49k or less ) ok if not you must wait for the right buyer

 

[DomainRecap]

With the broker behaving like a jerk, I'm not sure why you'd even want to respond to his low-brow inquiry.

Unless you actually want to sell it for $1500 (and lose a pile of money in "domain math" terms) just delete the email and move on.

 

[shyama]

With the broker behaving like a jerk, I'm not sure why you'd even want to respond to his low-brow inquiry.

Unless you actually want to sell it for $1500 (and lose a pile of money in "domain math" terms) just delete the email and move on.

His first inquiry was this ()

after I reply him with bin then he replied with offer.



(Hello,

My name is x from Sedo.com and I am contacting you regarding the domain name xxxxxxxxx.com, as I have a client who is interested in buying the domain. Before presenting you with an offer from my client, I would first like to get a sense of your price expectations for a possible sale.

If you have questions about Sedo or our brokerage process, please visit our website at Sedo.com.

Feel free to contact me directly and I’ll be happy to answer any questions you may have.

Best regards,)

 

[alcy]

be sure to tell broker in your last offer that he should get a new job where negotiating is not involved.

because he sucks at it.

 

[biggie]

With the broker behaving like a jerk, I'm not sure why you'd even want to respond to his low-brow inquiry.

be sure to tell broker in your last offer that he should get a new job where negotiating is not involved.

because he sucks at it.

HI

if, this broker was working on your behalf, trying to get the name for $1500,
and give the seller a quick profit since you know what he paid for it....
then the perspective and comments would be more favorable for this broker if he/she was able to make a deal.

for the OP, your choices are:
agree to current offer
respond with a counteroffer
stay firm with current price
ignore the email

imo...

 

[alcy]

HI

if, this broker was working on your behalf, trying to get the name for $1500,
and give the seller a quick profit since you know what he paid for it....
then the perspective and comments would be more favorable for this broker if he/she was able to make a deal.

for the OP, your choices are:
agree to current offer
respond with a counteroffer
stay firm with current price
ignore the email

imo...

yes but just because something is more favorable to u as buyer or seller doesnt make it morally or ethically justified or nice or cool for broker to use such tactic.

 

[biggie]

yes but just because something is more favorable to u as buyer or seller doesnt make it morally or ethically justified or nice or cool for br andoker to use such tactic.

Hi

nothing immoral or unethical about mentioning to you in a negotiation, that i know what you paid for a domain that you won in an auction.
it's a fact and something you might have to confront from another potential in the future.

don't see nobody be itchin about past sales reports, that put same knowledge in public domain.

need to be able to see both sides of the coin, before you flip.

imo...

 

[alcy]

Hi

nothing immoral or unethical about mentioning to you in a negotiation, that i know what you paid for a domain that you won in an auction.
it's a fact and something you might have to confront from another potential in the future.

don't see nobody be itchin about past sales reports, that put same knowledge in public domain.

need to be able to see both sides of the coin, before you flip.

imo...

I'm not talking about u or me mentioning it
.. but a broker sworn into highest standards of morality and honor

 

[DomainRecap]

and give the seller a quick profit since you know what he paid for it....

But there is no profit in a transaction where a domain purchased for $800 is sold for $1500. You actually lose money, and a lot of it. Far better to not have spent the $800 than taking the $1500.

If you don't understand that, then you need to take a course on ""domain math" and our man Bob here is an expert:

https://www.namepros.com/blog/the-minimum-domain-price-for-profitability.1313195/

 

[DomainRecap]

nothing immoral or unethical about mentioning to you in a negotiation, that i know what you paid for a domain that you won in an auction.

Of course not, but any seller should obviously shut down the conversation at that point, as you're clearly dealing with a cheapass lowballer who has absolutely no idea how domain reselling works.

So there is no reason to deal with people like this.

 

[biggie]

. but a broker sworn into highest standards of morality and honor

Hi

and where or how are you going to verify that they took some kind of broker oath?

imo...

If you don't understand that, then you need to take a course on ""domain math" and our man Bob here is an expert:

Hi

just cuz somebody blogs about something doesn't make them an expert on profitability.

imo...

 

[alcy]

Hi

and where or how are you going to verify that they took some kind of broker oath?

imo...



Hi

just cuz somebody blogs about something doesn't make them an expert on profitability.

imo...

I'm not going to verify

all brokers take unofficial invisible yet binding oaths.

like scientologist signing up for billion years

 

[biggie]

But there is no profit in a transaction where a domain purchased for $800 is sold for $1500. You actually lose money, and a lot of it. Far better to not have spent the $800 than taking the $1500.

HI

let's scale that to $8K purchase and resell for $15K
or better yet, $80K purchase and resell for $150K
or $800K and resell for $1.5 million
the percentage of profit is the same for each instance, where the seller almost doubles their investment.

imo..

all brokers take unofficial invisible yet binding oaths.

Hi

i hope you're just joking and that's not something you truly believe.
as some reader could trust what you say and get scammed by any clown who just walked in the door, claiming they are a broker.

imo...

 

[DomainRecap]

the percentage of profit is the same for each instance, where the seller almost doubles their investment.

Did you even read the extensive article I linked to that NP's own Bob Hawkes wrote?

We're not selling hot dogs here, we're trying to match up buyers to very expensive digital properties and we only sell a very small percentage per year. Looking at individual sales for profit is a fool's game and those who do so will soon find themselves living in a cardboard box.

Plus, this is a recent $800 purchase, which makes the $1500 offer even more financially-crippling.

 

[DomainRecap]

just cuz somebody blogs about something doesn't make them an expert on profitability.

Bob is a very educated and learned man, and I'd trust his backed-up-by-hard-facts-and-math "domain profitability" commentary over your "imo" fantasy any day of the week.

Seriously, I will absolutely guarantee that if you sell domains you bought 2 weeks ago for $800 at a $1500 price (or any dollar amount of the same ratio) that you will lose a pile of money in domains.

It's the exact same as these Twitter/X nitwits posting "Bought for $190, held for 2 months, sold for $350 = PURE PROFIT". You don't see them posting for long.

 

[biggie]

your "imo" fantasy

Hi

that's cute!

imo...

 

[D Haynes]

Seriously, I will absolutely guarantee that if you sell domains you bought 2 weeks ago for $800 at a $1500 price (or any dollar amount of the same ratio) that you will lose a pile of money in domains.

Unless you have an 80-100% STR

 

[DomainRecap]

Unless you have an 80-100% STR

And who doesn't have that. LOL

 

[DN_Hunter]

If a sedo broker said that to me, I think I would reply with something like -- oh thank you for reminding me, the price should be $60K. Let me know if that works for your client...