Domain Name Pricing (Afternic v Sedo)

[landrush]

Ok... this is a better place than any to ask this question. Figuring some of the new folks would like to know this too.

I currently use both Afternic and Sedo to list my domain names for sale. Sedo is pretty good because if you do not quantify a price for a domain it just defaults to "make offer". Afternic, on the other hand, forces you to give a minimum amount for the domain name, and if the person bids the minimum, you have to sell it. I have my domains listed not for sale on Afternic because of this.

SO....

Is it better to put a price on a domain name on both, because frankly, I wouldn't pass up more money if someone was willing to pay more for the domain name; would you? How do you go about getting a good price gauge without paying for it and relying on websites that offer free appraisals?

Is there a better way to use Afternic?

What is the success rate of Afternic vs Sedo? Is one better than the other?
Do you price your domains or use make offer on Afternic? Do you price your domains on Sedo?

Regards,
Randy

 

[fonzie_007]

I've actually had better luck with Afternic than Sedo. At Afternic, I usually leave my min offer to $100 (that is the default). I seldomly take the time to change it unless I am getting a bunch of low ball offers.

If you want to sell your domain quickly, I would suggest putting a BIN price on the listing. Yes, you may potentially lose money if you set your BIN price lower than the top end of what someone may pay for the domain; however, most prospective buyers prefer having a gauge of what a person is looking for rather than offering blind. I know that I usually will low-ball my offers if someone says "make an offer" without giving me a gauge for where they stand.

In the past month, I've had about 4 offers from Sedo and 5 or 6 from Afternic. All of the domaisn I've had offers on do not have a BIN price.

One thing nice is that at Sedo, the number of offers on a domain will show up in the info screen on the domain. Normally, the more offers on a domain, the more interest. One way to boost potential interest in your domain at sedo is to have a very low reserve price. Similarly at Afternic, set your minimum price low. One thing to remember at Afternic though is that prospective buyers can see what previous members have offered (the minimum price becomes slightly higher than the highest offer received) rather than just the number of offers received.

 

[landrush]

Thanks Fonz... I remember watching Happy Days on TV back in the 70's, great show!

Just a follow up, do you leave your domains on Sedo "Make Offer" ? I appreciate the BIN, and think I am heading that way for sure.

Thanks...
Randy

 

[dotnom]

One downside of the offers display in sedo is that it may discourage new buyers to bid to it with the idea that the owner makes a hard bargain and it will not be easy to get the domain they want

 

[AWest]

Hello landrush,

Just a clarification for you on the Minimum Price at Afternic...

Yes, you do have to enter a minimum price, but you do not have to sell your name at this price. The minimum offer price lets buyers know you will not consider an offer lower than that figure, but it does not commit you to a sale. Only the reserve and asking prices commit you to a sale on your name, and those prices are not required.

If you would like further clarification, please feel free to PM me.

Best regards,

Amber West
Afternic.com