- Impact
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Hi guys,
I just got an offer through Sedo. Now I need to decide whether to:
a) accept the offer;
b) make a counter-offer; or
c) start a Sedo auction.
That's the fifth time I've gotten an offer at Sedo. Out of the other four times, I made counter-offers three times; once the buyer went up slightly, once he stuck to his original price, and the other time he dropped out altogether. The fourth time, I started an auction, and nobody else bid, so the offerer got it for the originally offered price.
In general, it seems sensible to go the auction route. Are there any reasons not to do so?
The only ones I can think of:
1. A counter-offer could raise the price, but an auction won't raise it if nobody else bids.
2. I have to wait a bit longer for my money.
3. The buyer could lose interest during the week and not want to pay when the auction ends. (I know Sedo has rules against deadbeats, but I also know they're not enforced.)
4. The buyer could be annoyed by the delay (and the chance he'll be outbid), so maybe he stops making offers on domains at Sedo.
We're only talking about a $100 offer, and the price isn't likely to go a lot higher than that in any case. Still, I'm curious to hear what other people would do, and why.
Thanks,
Dave
I just got an offer through Sedo. Now I need to decide whether to:
a) accept the offer;
b) make a counter-offer; or
c) start a Sedo auction.
That's the fifth time I've gotten an offer at Sedo. Out of the other four times, I made counter-offers three times; once the buyer went up slightly, once he stuck to his original price, and the other time he dropped out altogether. The fourth time, I started an auction, and nobody else bid, so the offerer got it for the originally offered price.
In general, it seems sensible to go the auction route. Are there any reasons not to do so?
The only ones I can think of:
1. A counter-offer could raise the price, but an auction won't raise it if nobody else bids.
2. I have to wait a bit longer for my money.
3. The buyer could lose interest during the week and not want to pay when the auction ends. (I know Sedo has rules against deadbeats, but I also know they're not enforced.)
4. The buyer could be annoyed by the delay (and the chance he'll be outbid), so maybe he stops making offers on domains at Sedo.
We're only talking about a $100 offer, and the price isn't likely to go a lot higher than that in any case. Still, I'm curious to hear what other people would do, and why.
Thanks,
Dave
