@Sedo
"Please note, that you will receive reminder mails about this offer, until you respond. You will need to submit at least one counter before you can cancel the negotiations. This process was designed to ensure a communicative and successful market place."
Is there any benefit to respond and cancel the negotiation over allowing it to time out instead?"
Thank you for taking the time to share your thoughts on low ball offers and the Make Offer feature. We appreciate your feedback and are always looking for ways to improve our platform.
We understand that receiving low offers can be frustrating, and we're happy to explain the benefits and why our system is designed to encourage negotiation through counteroffers. By allowing buyers and sellers to exchange bids and counterbids, we aim to facilitate a dynamic and engaging marketplace where both parties can work together to reach a mutually agreeable price.
In our experience, many negotiations that start with a lower offer ultimately result in a decent agreed price. We've seen that even initial low offers can lead to a successful sale, as buyers and sellers engage in a constructive dialogue and find common ground. As a marketplace, we believe this opportunity for negotiation is valuable for sellers, as it allows them to engage with potential buyers and potentially secure a sale that might not have been possible otherwise.
We don't recommend not responding to bids altogether. It might leave buyers unsure about the status of their offer. Some buyers, especially those new to our marketplace, are not only unsure but also appreciate any direction that a counteroffer can provide. They may not be familiar with the market value of the domain, and a counteroffer can serve as a helpful guide, giving them a better understanding of what to expect and how to proceed.
However, we do offer a feature that can help minimize the number of low offers you receive. By setting a minimum price for your domains, you can automatically notify interested buyers if their offer is below your acceptable price range. This way, you can avoid receiving multiple low offers and focus on negotiating with serious or advanced buyers. Just visit "My Sedo" after login, --> "My Domains", change your view to "Sales settings" and add your miminum offer for each domain individually.
We also take your feedback on the number of reminders seriously and will review our processes to ensure we're not overwhelming our sellers with too many notifications.
Thank you again for your feedback.