Buy Now vs Make Offer on Sedo / Afternic

[Cyphix]

Sedo has told me that they get a lot better results when the domains have a buy now price, so just wondering if others here have found that to be true as well? Does anyone sell may domains via the make offer process?

 

[twomoon]

Never had sales for BIN prices at Sedo. Had once but the name was unpaid.
Me personally if I see that the name is listed with a BIN price - I think that if it is still listed with this BIN price it may mean that nobody is interested in this name for that price, so probably the name isn't worth that price.
Maybe potential buyers have same thoughts...

 

[ecuadorbusiness]

The only thing made someone to buy a domain is real interest, people just do not go around and buy domains like buying clothes. There is a business in the middle or any other way to earn money our of it.
People with real interest on the domain will take the time to write and inquiry the price. Most of the brokering sites and registrars with a marketplace will impose you a limit about the BIN price you can put to your domains. This cuts you the possibility of getting the most possible of a sale.
I do not know how things work for others but in my own experience I think it is always better the buyer makes the first offer and you counter offer if necessary.
I have lost sales doing this but since I am not desperate for selling I can stand it. As I said it is my thinking but if you are in a hurry for selling and getting fast cash out of a domain then you can ask for an appraisal and then selling lower or about that appraisal and set a BIN price because this ensures the buyer there is not a negotiation to do so it is just paid and receive, so definitely a BIN will accelerate the sale.
Inquiry price: good for you - BIN price: good for the buyer, you decide.

 

[4better]

BIN price makes it easier for all parties - Sedo/Afternic, buyer & seller. Things go on relatively smooth without the need for negotiation or renegotiation. However, the chance to profit most for the seller is left hanging in BIN method. The make offer process provides the seller a wider venue and opportunity to earn more. So for BIN, it's faster but may perhaps be cheaper whereas Make Offer could be longer yet could be more profitable. imo

 

[accent]

Imagine you know nothing about domaining, but you want a particular name for a new small business. Godaddy tells you that you can get a name for $10 but the one you want is taken. You are smart enough to go to the domain and click the sales link and are faced with a "make offer" blank space. No indication of what to type there beyond Godaddy's $10.

And domainers carp about $50 offers. That is a lot for someone who is thinking $10.

"Make Offer" means "what do YOU want to pay?" The answer is always "as little as possible".

I have tried both, it always seemed a battle to get a buyer thinking thousands when he is thinking tens. High value names are a different business.


---- One more thing - Imagine walking onto a used car lot where there were no prices on the cars. The salesman walks up, you ask "how much for the Ford?" and he says "How much will you offer?"

 

[biggie]

Imagine you know nothing about domaining, but you want a particular name for a new small business.

:talk:
you set the imagination stage, but that person could be buying for large biz or non/for profit .org-anization....and still not know about "domaining" per se`.

"Make Offer" means "what do YOU want to pay?" The answer is always "as little as possible".

:talk:

that "little as possible", is the "line of battle" in negotiations, but when it's "less than" the price of similar domains that the buyer inquired about.....then your name may fit their budget.

or even if priced higher than the comparables, quality may persuade the buyer to go over their line.

higher value names are a different business.

:talk:

I totally agree!



imo...

 

[SearchEngineZ]

I don't have a set rule, it depends on who I envision the buyer to be. About 5% of mine are Offer, and they tend to be $1000+ domains. Anything that I think is worth less than $200 I make BIN.

 

[Nattydomain]

I have the same BIN price on Sedo that I do on Afternic. The difference is that with SEDO you can not go "lower" then the BIN since it is set at that amount. With Afternic they see the BIN but can still send in an offer. I never sold a BIN domain at Sedo but have at Aftenic with one at $5,000

 

[pokainc]

..(wrong thread)

 

[leftfielder]

I think that if it is still listed with this BIN price it may mean that nobody is interested in this name for that price, so probably the name isn't worth that price...

I've never thought about it this way. I'm curious if you're so competitive that you base a domain's worth on what other domainers think?

People with real interest on the domain will take the time to write and inquiry the price.

I am disturbed how my Make An Offer names listed on afternic are portrayed on godaddy. If an end user does an exact search for my domain at godaddy, a form pops up and you have to put in your full contact information and possibly your mother's maiden name LOL. In the background, there are all sorts of other names for sale making it easy to purchase an alternative.

BIN price makes it easier for all parties - Sedo/Afternic, buyer & seller.

I think it depends on the TYPE of domain.

Here's my experience:

Sedo = buyer AND seller unfriendly including no phone support and weak email support

I listed a .TV for $250, it sold and sedo got a $50 commission for making it happen. Then they asked me to renew it myself, according to TOS requirements, and I said no, cancel the transaction. They continued with the sale because the buyer would renew himself.

A 100 step process ensued because of the time zone and third party relay and unnecessary control sedo has concerning transfer. It took 3 weeks to complete.

It's too much rigmarole for an end user who has the power to BIN and still renege on the purchase.

I had to pay a commission and still do all the leg work like manually submit transfer codes. The buyer messed up so I had to call name.com to issue another transfer code. Then I had to issue an invoice. Sedo won't do it because they say they don't own the domain and are not the seller. Then I had to create a Word document, download an invoice template and turn it into a PDF to upload it to sedo. Then the buyer has to accept the invoice.

Afternic = partially buyer friendly and very seller friendly. Good phone support and you wake up to emails like: "Escrow started for whateverdomain.com"

4 days later, they wanted to know how I wanted to receive my money.

My only complaint with Afternic is the dashboard is clunky with endless error messages, domains in perpetual "review" status, and I missed out on 2 cancelled Make an Offer deals because I never got the emails.

BIN+Afternic = $$$