- Impact
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Something that I've noticed recently...
The more that I spend on Sedo, the higher my rating appears as a buyer. Having increased my buying activity over the last two years, my rating has been showing as 4 or 5 yellow bars out of 5.
As a result of this, I've noticed that counteroffers from sellers tend to be super aggressive.
Many sellers look at my rating and assume that I'm willing to splash megabucks. This has actually led to me spending less on Sedo and in some cases, I've explored alternative buying methods such as an email to the Whois.
It's a double-edged sword, because as a seller, I always look at the buyer rating along with the date that they've joined Sedo. As an example from a recent sale that I made, I guessed that the user was an end-user because their start date was very recent and their buyer rating was zero. This meant I was also more aggressive with pricing - which made me slightly uncomfortable from a perspective of ethics.
Open to hearing everyone's thoughts:
Does this hinder or help the productivity of the marketplace? Is it even necessary?
Do the ratings increase pricing discrimination, unfairly impacting both end-users and wholesale buyers?
What purpose do seller ratings serve in a market place that has an Escrow process baked in, mitigating some of the need for trust (compared to somewhere like eBay, where they are essential)?
I've never been put off by a low seller rating, because the only thing that matters is the domain itself and the price. Has anyone felt otherwise?
@Sedo - also keen to get your official perspective. Hopefully this is useful as feedback.
The more that I spend on Sedo, the higher my rating appears as a buyer. Having increased my buying activity over the last two years, my rating has been showing as 4 or 5 yellow bars out of 5.
As a result of this, I've noticed that counteroffers from sellers tend to be super aggressive.
Many sellers look at my rating and assume that I'm willing to splash megabucks. This has actually led to me spending less on Sedo and in some cases, I've explored alternative buying methods such as an email to the Whois.
It's a double-edged sword, because as a seller, I always look at the buyer rating along with the date that they've joined Sedo. As an example from a recent sale that I made, I guessed that the user was an end-user because their start date was very recent and their buyer rating was zero. This meant I was also more aggressive with pricing - which made me slightly uncomfortable from a perspective of ethics.
Open to hearing everyone's thoughts:
Does this hinder or help the productivity of the marketplace? Is it even necessary?
Do the ratings increase pricing discrimination, unfairly impacting both end-users and wholesale buyers?
What purpose do seller ratings serve in a market place that has an Escrow process baked in, mitigating some of the need for trust (compared to somewhere like eBay, where they are essential)?
I've never been put off by a low seller rating, because the only thing that matters is the domain itself and the price. Has anyone felt otherwise?
@Sedo - also keen to get your official perspective. Hopefully this is useful as feedback.
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