(.in) I have received an offer...need advice...

[chriswalton74]

I have received an offer of $200 for a .in domain.

If I decide to accept I have to pay fees of $150 to Sedo, so I can't see myself selling for this price. The minimum I would accept is $1000 as it is one of my personal favourites that I own and I'm in no rush to sell.
Sedo have given me 3 options......
A) accept offer and sell domain (giving me $50 from the $200 sale)
B) make a counter offer
c) decline the offer and cancel negotiations

I have a few questions that maybe a few other Sedo members canm help me with...
If I chose option (A) and accept the offer will I incure any other fees from my registrar? The domain is registered with domaindiscount24. Also will I have to set up an Escrow account and if so does this cost anything?

If I chose option B (make a counter offer) does this mean that I have to put in my minimum ammount I will accept? i.e $1000? Also if the prospective buyer comes back and offers me the $1000 am I legally obliged to take it?

If I chose option C and decline the offer what are the chances that the bidder will come back to me with a better offer? Or is it more likely that they will assume I'm not interested in selling and not contact me further?

Sorry for all the questions, but all is new to me. It's very exciting stuff though!!

Cheers
Chris

 

[-db-]

costly

Ha! You are a trip.

I keep seeing 1, 2, 4, 5 word posts from you. Are you a real live human being? Is English your native language? Maybe you are another bot programmed by the evil geniuses that run this place?

I mean that in the nicest possible way, and this post is in sincere good humor. :tu:

 

[chriswalton74]

Well, good morning. Latest news is that the 'buyer cancelled negotiations' on the domain, guess I scared him off with the price! It was an interesting experience though (definately a lot more fun than selling things on Ebay) and I've learned a bit as well.
I'll tell you what the name was now, then you can all tell me how mad I am for expecting it to reach $2000! What you have to remember though is that this name was only registered a few weeks ago and already someone was willing to pay $250 for it. Hopefully this is a sign of it being worth a lot more in a year or so.
The name was Carp.in. I registered this name because I am a dedicated Carp angler and when people talk about carp fishing they say things like 'have you been out 'Carpin' lately' I thought that it seemed to roll off the tongue pretty well, also Carp fishing is quite big in india (so I've been told) and there are a couple of big Carp fishing tackle companies based in india. There's also the possibility there of some Koi breeding company being interested.
At the minute I have it forwarded to my small but interesting Carp fishing forum and get a fair few hits from it, so that's the reason why I'm not too fussed about selling it.
If I have any further interest in the domain I'll keep you updated. It might not be that much of an interesting story for some of the more prolific domain sellers on here, but I thought it would be good to share the whole experience with some of the novice domainers like myself. And it just goes to show that if I can get an offer of $250 for a small keyword domain, how much will the more premium keywords with the .in/.co.in extension be worth in the future.
Thanks for all your posts on this thread so far
Chris

 

[rtonia]

I did park at SEDO last time for my .co.in domains but then I realised the $150 fee I have to pay is just not worth it and I decided to park them at one page. Only 1 of them is still currently parked at SEDO.

Addition:
Well, that's fine, you're not in a rush to sell it anyway. It may be a good indicator that someone out there is interested in your domain. He'll be back.

 

[chriswalton74]

Update time again.....

I have received a new offer for the domain of $200. My guess is that it is the same person... I have replied with my previous lowest counter offer of $1800.

Chris

 

[chriswalton74]

New offer received from second bidder (who is probably the same person) of $300.
I'm going to be brave and cancel negotiations!!! See if he returns again!

Wish me luck.
Chris

 

[rtonia]

Muwahahahaha *evil laugh*

Seriously, I don't think it's the best way to cancel the offer. You'd better keep offering your $1800 mark, that way he/she will seriously think about how much the domain is really worth. IMO.

 

[wisconsin]

Don't cancel it if you have not already done it ! That's not how you conduct business by cancelling and shutting- off all possible opportunities. Don't expect someone to offer you 5 figures the first time! Conter-offer with a more conservative one. Wait and see!

Good Luck,Chris!

 

[allnew2me]

Sedo's commision

As my name suggests I am new to this so this may be a stupid question.

Lets suppose I wanted carp.in from Chris but realised that he would lose $150 + 10% of selling price to sedo, bumping up his asking price. Whats stopping me getting his whois info and negotiating with him directly? I realise sedo wouldnt be happy about this and it is not really ethical but does this happen?

 

[Premium]

As my name suggests I am new to this so this may be a stupid question.

Lets suppose I wanted carp.in from Chris but realised that he would lose $150 + 10% of selling price to sedo, bumping up his asking price. Whats stopping me getting his whois info and negotiating with him directly? I realise sedo wouldnt be happy about this and it is not really ethical but does this happen?

Exactly what I was thinking... :bingo:

 

[allnew2me]

I appreciate the fact that sedo handles the money and acts as a middle man but is that really worth $150+

 

[trishan]

I appreciate the fact that sedo handles the money and acts as a middle man but is that really worth $150+

Good point, but can it be done?

 

[allnew2me]

I don't see why not. As long as the domain as a contact address I cant see why you couldnt contact them yourself.

 

[chriswalton74]

I cancelled negotiations on Wednesday, but as yet I haven't received any more new offers.
The name is forwarded to a fishing forum that i run and on there I have added a post with all the fishing domains that I have for sale. It also has my email address on it. I'm hoping that the bidder might see this and get in contact with me direct so we can negotiate a deal that suits us both, but nothing has happened so far.
The Sedo rules do say that we are free to advertise the domains we list for sale on their site in other places.

 

[wot]

I cancelled negotiations on Wednesday, but as yet I haven't received any more new offers.
The name is forwarded to a fishing forum that i run and on there I have added a post with all the fishing domains that I have for sale. It also has my email address on it. I'm hoping that the bidder might see this and get in contact with me direct so we can negotiate a deal that suits us both, but nothing has happened so far.
The Sedo rules do say that we are free to advertise the domains we list for sale on their site in other places.

The "buyer" upped his initial bid by 50% and you cancelled? :o

If I was the buyer you would not hear from me again

 

[cjcjcj]

Just like Carp fishing itself!

 

[allnew2me]

Chris, why dont you put an email address in your reg, admin or tech contacts. Not many people would send to your postal address in Peterborough but they would probably email you.

 

[Badger]

Not many people would send to your postal address in Peterborough .

Dont think the royal mail deliver to Peterborough......

Have you seen that film 'the land that time forgot'....??

Just kiddin Chris...

yeah, i get the same problem time and time again with my .sc domains.. Makes you laugh when you get from sedo - Offer $160. Fees $150. You get $10....

Fortunately, I ve been sneaky enough a couple of times to PM the buyer saying "yeah, your offer is fair but the fees kill it for me...." and one or two of them have then contacted me directly...

 

[Grrilla]

Please note that this is a transaction involving a .in domain. Domains with this ccTLD cannot be transferred within the first 60 days of the registration period. The first registrations for .in domains were carried out on the 16th February 2005.

Does this mean that w/ any existing sale, that the transfer cannot be initiated, until Apr 16, 60 das after .co.in was avail for open registration? This would make all sales unofficial, unless there was a binding contract, until after April 16, when transfer can be initiated, approved, and received. Hmm... One good reason why no official sales have been documented, to date.
I received this email from directi, today discussing some upcoming change. Don't know if this is helpful to anyone, but will post, just in case:

Dear Customer,

As you may be aware, with effect from 31st March 2005, CDAC / NCST is no longer managing and supporting any 3rd level .IN domain names (.co.in / .net.in / .org.in / .gen.in / .firm.in / .ind.in), and all such domain names HAVE TO BE transferred to an accredited .IN registrar.

We have worked out a process to assist you to transition, and effectively manage your domain name, so that there is no interruption in your service.

If you have any 3rd level .IN domain name registered with CDAC / NCST, simply click on the link below to begin transferring your Domain Name to Directi:

http://in.directi.com/indomreg/register-done/

About Directi: Directi is India’s largest Registrar, and well as one of India’s first accredited .IN Registrars. We already manage over 15,000 .IN domain names for clients such as Fedex.in, Wipro.in, Rolex.in, and Timesofindia.in. As India’s first ICANN Accredited Registrar, we carry with us 6 years of experience, and the goodwill of over 5,00,000 customers, World-wide. To learn more about our company, kindly visit www.directi.com.

Should you have any trouble with this registration process, feel free to write back to us at [email protected] or call our .IN Transfer Specialists on 91-22-56797500 ext. 7501.

Additionally, although it should have been obvious to me, I have been so uninvolved w/ this new ext, that it never crossed my mind and I never thought of this as a 3rd level ctld, not that that would have much impact in this situation, as what is important is how it's use has been designated. . similar to co.uk, right? hehe new realization every day.

Hmm... that brings up an interesting point. If say the .us registry or the .de registry saw fit, could they set up 3rd level domains ie .co.us or .co.de. or does this require ICANN approval?

 

[wot]

Does this mean that w/ any existing sale, that the transfer cannot be initiated, until Apr 16, 60 das after .co.in was avail for open registration? This would make all sales unofficial, unless there was a binding contract, until after April 16, when transfer can be initiated, approved, and received. Hmm... One good reason why no official sales have been documented, to date.
I received this email from directi, today discussing some upcoming change. Don't know if this is helpful to anyone, but will post, just in case:



Does that mean you consider that DNJournal.com to be unofficial?

Directi.com are touting for business!

Names can be pushed at most registrars, check whois for confirmation of transfers -hmm!

 

[Prosperous]

Yeah, the names CAN be pushed, NOT transfered yet. Silly SEDO with their alarmist notifications on each .co.in and .in 'make offer' page...


BTW, in regards to that Directi email, can anyone here tell me what 'CDAC / NCST' is?


Best,
Rob

 

[Grrilla]

Does that mean you consider that DNJournal.com to be unofficial?

Directi.com are touting for business!

Names can be pushed at most registrars, check whois for confirmation of transfers -hmm

!

Could someone interpret for me? This guy just doesn't make sense to me.
Gotta work on your communication skills a little there wot ol boy.

New Entry-> I just don't understanding your reaction. I was asking questions about what was going on w/ co.in, interested in learning more about sub-domains, sharing an email that I thought might be helpful and informational, spent a good part of the morning in DN Journal researching and gathering info relative to another post and I get soneone jumping on my case. Hey, I admit that I know very little about the history and whats been going on with the .co.in scene. I honestly don't have a hidden agenda/ulterior motives, so nothing to worry about from me. Excuse me if It seemed I was criticizing- I wasn't trying to be critical.

 

[wot]

!

Could someone interpret for me? This guy just doesn't make sense to me.
Gotta work on your communication skills a little there wot ol boy.

New Entry-> I just don't understanding your reaction. I was asking questions about what was going on w/ co.in, interested in learning more about sub-domains, sharing an email that I thought might be helpful and informational, spent a good part of the morning in DN Journal researching and gathering info relative to another post and I get soneone jumping on my case. Hey, I admit that I know very little about the history and whats been going on with the .co.in scene. I honestly don't have a hidden agenda/ulterior motives, so nothing to worry about from me. Excuse me if It seemed I was criticizing- I wasn't trying to be critical.

I put it in words of not too many syllables in the hopes you would understand obviously that was an error on my part

You are being patronizing and then jumping on every post I make.

I will stay off threads with which you are associated kindly do the same for me. If that is a problem for you I will vacate the NP's forum.

 

[artkreator]

the cost is to high why not trying to sell the site elswhere or contacting the buyers.

 

[Grrilla]

I put it in words of not too many syllables in the hopes you would understand obviously that was an error on my part

You are being patronizing and then jumping on every post I make.

I will stay off threads with which you are associated kindly do the same for me. If that is a problem for you I will vacate the NP's forum.

It appears I've been "wotted"

Because you have chosen to go public w/ a perceived problem you have w/ me, I am compelled to respond.

wot, the bottom line is that I find some your recent behavior at the forum, including your post here, to be arrogant, presumptuous and out of line. I suggest that you clean your act up. Additionally, I want it to be very clear to you, that I will post where, how, when, and as I see fit. I will not succomb to any threats, conditions or ultimatums that are made by you. Any decisions that you make regarding your forum participation and/or where you wish to conduct your business, will solely be the result of your own choices and are independent of my actions.
I originally posted a more detailed response, but, will carry on all future discussions regarding this issue in private, that is, if additional discussions are necessary or required.

 

[floatingworld]

if you can keep in touch with the potential purchaser, switch to Afternic where the fee for your transfer will be $60 for the .in