Got an Offer from Sedo Brokerage service!!!

[htmlindex]

Wondering if anyone has much experience with a Sedo broker contacting you to sell your domain to a buyer they have.

Sedo has made an initial offer on behalf of the buyer in the $x,xxx range, which I presume is just a starting offer. I believe that Sedo asks for the MAXIMUM amount that a buyer is willing to pay for the name, then takes care of the negotiations between the 2 parties.

My main question is how low does the Sedo broker usually start from the maximum amount the buyer gives Sedo. For example, is it usually 50% of the buyers maximum? Obviously I am wanting the highest price possible for the name, if I feel that offer is reasonable.

 

[owntype]

I received a $1k offer for one of my domain and the sedo broker tried to convince me this is a great offer and it's a lifetime opportunity. The sedo broker finally raised the offer to $2k and I declined it. No deal.

After one month, the same client reached me directly and bought the domain name for $10k.

So don't be pissed off if there's no result with SEDO brokers.

 

[htmlindex]

I received a $1k offer for one of my domain and the sedo broker tried to convince me this is a great offer and it's a lifetime opportunity. The sedo broker finally raised the offer to $2k and I declined it. No deal.

After one month, the same client reached me directly and bought the domain name for $10k.

So don't be pissed off if there's no result with SEDO brokers.

Did you end up countering the initial $1k offer or you just declined this initial offer & said "no thanks"?

 

[owntype]

Did you end up countering the initial $1k offer or you just declined this initial offer & said "no thanks"?

I countered $12k and the broker increased his final offer to $2k.

 

[DN_Hunter]

Out of curiosity, do they identify themselves as a SEDO Broker? The reason I ask is that I had received an offer from someone and then I did an internet search and somehow convinced myself that the person was working on behalf of SEDO -- but the initial offer never indicated that they were from SEDO. Does a SEDO offer come via email, or through the SEDO site as an "offer" on one of your listed domains?

Thanks,
DN

 

[Soofi]

dont think that your domain is actually worth or not worth owntype's domain, and every domain name has its own value.. just be careful with whatever you do cuz it could be a lifetime opportunity (which is actually not in most cases) but who knows buyer might not come up again directly as his did.

Would like you to get the maximum roi on this one, that's forsure.. go with your mind process and work it out

 

[gazzip]

Out of curiosity, do they identify themselves as a SEDO Broker? The reason I ask is that I had received an offer from someone and then I did an internet search and somehow convinced myself that the person was working on behalf of SEDO -- but the initial offer never indicated that they were from SEDO. Does a SEDO offer come via email, or through the SEDO site as an "offer" on one of your listed domains?

Thanks,
DN

Good question, I'v often wondered about that myself, sedo does have a subsiduary company that has its own portfolio, called domcollect.com and I'v had a few offers on sedo from (what looks like) the same German buyer who has been a sedo member since 2003 and has full yellow bars for their buying activity.

....makes me wonder, anyone know ?

I'v had a few broker offers from GoDaddy and Buydomains and they tell you they are making an offer on behalf of a client.


.

---------- Post added at 06:33 AM ---------- Previous post was at 06:32 AM ----------

After one month, the same client reached me directly and bought the domain name for $10k.

So don't be pissed off if there's no result with SEDO brokers.

Sweet !


.

 

[lexisdomains]

Often times, big media corporations use SEDO and other domain brokers to acquire domains for them. This is done so that they can acquire the domain cheaper as opposed to the domainer finding out who they really are and requesting a larger dollar amount -($XXX,XXX) range.

Stick to your price and see what happens!

Much success,
LexisDomains

 

[richrf]

I am just guessing, but probably what is going on is that an end-user has given Sedo a set amount and Sedo probably pockets the difference between what they can buy it for and what the end-user is offering. The difference can be huge.

My own experiences with Sedo is that they are waaaaay on the greedy side. They tried to auction off the domain at a ridiculously low price of $100,000 a few months ago with absolutely no time for proper marketing. From my point of view it was quite disgusting and I swore them off as a possible future broker (I have listed Links.com on Afternic). There is greedy and then there is greeeedy.

Rich

 

[Soofi]

My own experiences with Sedo is that they are waaaaay on the greedy side. They tried to steal Links.com for $100,000 a few months ago. From my point of view it was quite disgusting and I swore them off as a possible future broker (I have listed Links.com on Afternic). There is greedy and then there is greeeedy.

Rich

Steal? how can they steal when the domain is not registered with them? you are accusing a reputable domain name selling platform, can you back up your claims of sedo tried stealing your domain?

nothing personal.. but I dont really like people calling out random person or business without really backing up their claims (claim here was "Sedo tried stealing your name links.com", but how?). Sedo probably offer you $100k, and you rejected their offer.. that's all? or there was more to it?

Thanks for clarifying!

 

[abc3200]

Steal? how can they steal when the domain is not registered with them? you are accusing a reputable domain name selling platform, can you back up your claims of sedo tried stealing your domain?

nothing personal.. but I dont really like people calling out random person or business without really backing up their claims (claim here was "Sedo tried stealing your name links.com", but how?). Sedo probably offer you $100k, and you rejected their offer.. that's all? or there was more to it?

Thanks for clarifying!

I'm pretty sure he was using 'steal' in the idiomatic sense here. It may be unique to American English, but by 'steal' it is likely that he just meant that they were trying to get it for a much lower price than he perceived it to be worth.

 

[Soofi]

:lol: sorry I think I got carried away with that post :P

 

[glaxxon]

If they pocket the difference then i dont think there would be any point of using them. A big corporation can just ask one of their employees to bid for the domain. That way they get their secrecy and can get a bargain too.

 

[richrf]

Steal? how can they steal when the domain is not registered with them? you are accusing a reputable domain name selling platform, can you back up your claims of sedo tried stealing your domain?

nothing personal.. but I dont really like people calling out random person or business without really backing up their claims (claim here was "Sedo tried stealing your name links.com", but how?). Sedo probably offer you $100k, and you rejected their offer.. that's all? or there was more to it?

Thanks for clarifying!

Thanks for asking. I changed the wording of the post to reflect the idiomatic use of the word that I was using. What happened was that I receive a call out of nowhere from someone at Sedo offering to auction off Links.com in auction that was going to be held in a few days and place a reserve of only $100,000, thereby giving a party the opportunity to scoop up Links.com at a ridiculously low price.

Rich

---------- Post added at 08:48 PM ---------- Previous post was at 08:46 PM ----------

I'm pretty sure he was using 'steal' in the idiomatic sense here. It may be unique to American English, but by 'steal' it is likely that he just meant that they were trying to get it for a much lower price than he perceived it to be worth.

Yes, I was using the idiomatic version of the word.

---------- Post added at 08:50 PM ---------- Previous post was at 08:48 PM ----------

If they pocket the difference then i dont think there would be any point of using them. A big corporation can just ask one of their employees to bid for the domain. That way they get their secrecy and can get a bargain too.

A large organization may wish to utilize a broker's expertise in the business and is willing to forgo any negotiated price and just settle for a fixed price if the domain can be purchased for that price.

 

[glaxxon]

So basically all brokerage services work this way? You tell them your max, they go out get the domain at whatever price they manage and you still pay the max you had stated initially? That actually makes their lower offers make sense as i thought that they only get a certain percentage of the price, so they should try to sell it for more.

 

[richrf]

So basically all brokerage services work this way? You tell them your max, they go out get the domain at whatever price they manage and you still pay the max you had stated initially? That actually makes their lower offers make sense as i thought that they only get a certain percentage of the price, so they should try to sell it for more.

My guess is that each deal is handled in its own way and a broker company probably has many different ways that it will negotiate a deal. Based upon my own experiences, the broker is almost always working on behalf of the buyer since it is the buyer that is providing the money for the deal.

 

[abc3200]

So basically all brokerage services work this way? You tell them your max, they go out get the domain at whatever price they manage and you still pay the max you had stated initially? That actually makes their lower offers make sense as i thought that they only get a certain percentage of the price, so they should try to sell it for more.

If that is the compensation structure brokerage services use (I'm not sure if it is or not), I assume that they get a percentage of the difference between the max price and the actual price.