Sedo.com - Official Thread

[Sedo]

Hi All! :hi:

By request, we've decided to start a thread dedicated to Sedo. We're looking for invaluable insight into what domainers want and need out of our parking program (and marketplace, of course).

Questions, comments, suggestions, tips are welcome! We're hoping this will be a great discussion about what works at Sedo and what might not (please be constructive and respectful to others in your feedback) so that everyone involved can benefit and learn from it.

Looking forward to hearing your thoughts and ideas! Happy Holidays!

Always,
Keith
(on behalf of Sedo)

 

[Bearded Goat]

Not sure you understood my request as I've been using Sedo for years, but I am looking for a SEDO HELP or SUPPORT PAGE that outlines exactly what's going on and potentially other things I may not be aware of regarding their BIN pricing policy.

BIN is BIN. But sedo also allows sellers to accept offers on their BIN domains. This did not use to be the case. So if I set it up in my sedo account to allow potential buyers to make offers on my BIN domains, then the commission remains at 10%. (unless purchased via a partner)

Your not really negotiating on a make offer basis (15%). You are basically entertaining potential offers. If someone places an offer that makes you interested, you adjust your BIN price to your new asking price and buyer is notified. Since it is a BIN domain that allows offers, of course your global BIN price changes if you adjust it after an offer.

 

[DomainRecap]

Since it is a BIN domain that allows offers, of course your global BIN price changes if you adjust it after an offer.

Of course? To my knowledge, no one else does this.

I have used BIN + Make Offer on many different domain marketplaces (both past and present) and Sedo is the only place that automatically (without any user input) changes the public BIN to the Offer Price during a supposedly-private negotiation.

Even Afternic doesn't do this, and I've had plenty to BIN + Make Offer negotiations there, and unless I manually change it, the public BIN remains the same.

So when Sedo is a gross outlier in terms of market norms, I would hardly call this an "of course" scenario for negotiations.

 

[Bearded Goat]

Sedo is the only place that automatically (without any user input) changes the public BIN to the Offer Price during a supposedly-private negotiation.

The seller changes their BIN price to show interest in the offer. They are doing so purposefully.

You don't have to allow "offers" on your BIN domains at sedo and you will avoid all of this.

Sedo if a different bird. Not the same as all other birds.

 

[Bearded Goat]

supposedly-private negotiation

And it is not really a private negotiation. You only privately negotiate on make offer listings. There is no communication. It is buyer indicating what he would buy it for. And you adjusting your BIN if you are willing to play.

 

[DomainRecap]

The seller changes their BIN price to show interest in the offer. They are doing so purposefully.

Obviously, but the core issue here is when making an offer on an existing negotiation at 10% commission, and then have another guy swoop in and buy it at the same price, but at double the commission rate , or 20%.

If you don't see that as a potential issue, like selling a domain for $20K thinking you'll pay $2K for a commission and get back $18K, and instead end up paying $4K and receiving only $16K, then you're obviously a shill for Sedo, as that process is absolutely whacked.

It essentially makes BIN + Make Offer at Sedo a madman's game, where you really have no way to properly set prices in order to get back a set amount to create an adequate profit margin.

In one fell swoop (doubling the commission) your profit could disappear, and the only logical solution is to price everything based on a 20% commission, which could adversely affect sales when dealing with 10% buyers.

And that's not even covering the industry standard that "negotiations should be private, not public".

 

[DomainRecap]

And it is not really a private negotiation.

And that's the core issue that goes against every business principle I've learned. Sedo is making negotiation offers public, which can screw both the buyer and seller, just to potentially increase their own bottom line.

P.S. Do you have any relationship with Sedo, as you seem to be the only one championing this bizarro process and telling how great it is for both the buyer and seller to potentially get screwed while Sedo gets rich by publicly displaying negotiations prices as global buy prices.

 

[biggie]

Obviously, but the core issue here is when making an offer on an existing negotiation at 10% commission, and then have another guy swoop in and buy it at the same price, but at double the commission rate , or 20%.

If you don't see that as a potential issue, like selling a domain for $20K thinking you'll pay $2K for a commission and get back $18K, and instead end up paying $4K and receiving only $16K, then you're obviously a shill for Sedo, as that process is absolutely whacked.

It essentially makes BIN + Make Offer at Sedo a madman's game, where you really have no way to properly set prices in order to get back a set amount to create an adequate profit margin.

In one fell swoop (doubling the commission) your profit could disappear, and the only logical solution is to price everything based on a 20% commission, which could adversely affect sales when dealing with 10% buyers.

And that's not even covering the industry standard that "negotiations should be private, not public".

Hi

if you make an offer on a domain, regardless to whether it's a BIN or make offer situation, that offer is binding for 7 days.
so, nobody else can swoop in and buy it, during that period.

also, when you add names to sedo, you can choose not to opt -in to MLS, thus avoiding a partner sale.

starting to wonder, despite all the previous explanations, why you continue to try and paint a negative picture of an otherwise advantageous situation.

imo....

 

[cabotower]

And that's the core issue that goes against every business principle I've learned. Sedo is making negotiation offers public, which can screw both the buyer and seller, just to potentially increase their own bottom line.

P.S. Do you have any relationship with Sedo, as you seem to be the only one championing this bizarro process and telling how great it is for both the buyer and seller to potentially get screwed while Sedo gets rich by publicly displaying negotiations prices as global buy prices.

as a last resort, if they really p*ss us off we do have the option of not turning over the auth code. until they agree to have it out with us and renegotiate the commission. nasty i know.

 

[Bearded Goat]

I have had plenty of offers on buy it now domains over the years and have never experienced someone else buying it at 20%. I don't believe this is a common experience. BUT.... You can make all of your listings Make offer and avoid any issues. 15% just like afternic.

 

[DomainRecap]

starting to wonder, despite all the previous explanations, why you continue to try and paint a negative picture of an otherwise advantageous situation.

Because I believe that negotiations and offers/counter-offers should be private and not public, and it's an ethical concept I feel very strongly about.

For example, I may have a domain for sale at $20K that would sell for $15K, but since a prime acquisition opportunity came up, I made a counter offer of $7.5K just to raise some quick cash.

There is no way in hell that I would want $7.5K visible as the new BIN as that would change buyer expectations entirely. Plus, there would be a public record of me offering to sell at that price, even though a scenario where $7.5K would be an acceptable price for this domain might happen once every 1-2 years, or never again.

To me, a marketplace arbitrarily changing my public BIN price based on my latest counter offer is patently insane, and it's the exact opposite of how a negotiation should be run.

 

[Future Sensors]

Namecheap is now prioritizing Sedo listings when a domain name is listed on Sedo and Afternic.

https://domaininvesting.com/namecheap-prioritizing-sedo-listings-over-afternic/

 

[pb]

Namecheap is now prioritizing Sedo listings when a domain name is listed on Sedo and Afternic.

https://domaininvesting.com/namecheap-prioritizing-sedo-listings-over-afternic/

I bet it's a payback for afternic refusing to add spaceship to the FT network.

One thing I am curious about is how that would work when prices are different on the different platforms. For instance, if I have a domain name listed for sale on Sedo for $1,500 and Afternic for $1,000, would Namecheap show the more expensive Sedo listing rather than the Afternic listing?

It will show the cheaper listing, so afternic. I checked it just now, but it's always been like that at namecheap, Bob wrote an article about it in the past, bu I can't find it now.

[edit] found it, second table: https://www.namepros.com/blog/a-deeper-look-at-domain-name-fast-transfer-sales-networks.1288722/

 

[Future Sensors]

On Sedo I have priced all my domains in Euros, so converted to Dollars that is a slightly different amount every day.

 

[pb]

On Sedo I have priced all my domains in Euros, so converted to Dollars that is a slightly different amount every day.

Same, I have my sedo balance set to EUR so if I listed the domain in USD it would have been converted before payout, better to just stick to EUR then. The fact that the same amount of EUR is worth more than USD is a nice bonus.

 

[DomainBFF]

Namecheap is now prioritizing Sedo listings when a domain name is listed on Sedo and Afternic.

https://domaininvesting.com/namecheap-prioritizing-sedo-listings-over-afternic/

Very interesting.

That said, I already took the time to list all of my names at SpaceShip when the announcement was made and I have some price discrepancies in my sedo/SS names.

Anyone tested to see if SS names are taking priority over Sedo?

 

[biggie]

To me, a marketplace arbitrarily changing my public BIN price based on my latest counter offer is patently insane, and it's the exact opposite of how a negotiation should be run.

Hi

again, you're making up scenarios that don't exist.

and i hope others aren't influenced by your distortions of reality

imo...

 

[DomainRecap]

again, you're making up scenarios that don't exist.

So Sedo DOES NOT automatically change your public BIN price if you make an offer in a negotiation concerning a BIN+Make Offer domain?

Seems like they do (others have freely admitted as much with screenshots), and you're the one making things up.

Here's proof:

 

[biggie]

So Sedo DOES NOT automatically change your public BIN price if you make an offer in a negotiation concerning a BIN+Make Offer domain?

Seems like they do (others have freely admitted as much with screenshots), and you're the one making things up.

Hi

when you add a BIN price, that BIN price gets published on your lander and within sedo and partners.
so, that makes your BIN public.
when you change your BIN price, sedo updates it and sends email to previous bidders, if any.

they do not automatically change your price, you manually change it,
and when you change it, that change updates as described above.

what's so difficult to understand about that process?

if you change your BIN on any other marketplace, then it should update throughout their platform and partner.
sites as well.

only difference with sedo, is they inform previous bidders by email of the change, which other marketplaces may not do.
so, you don't get that "reach back" benefit, if it isn't provided elsewhere.

imo...

 

[Bearded Goat]

So Sedo DOES NOT automatically change your public BIN price if you make an offer in a negotiation concerning a BIN+Make Offer domain?

Seems like they do (others have freely admitted as much with screenshots), and you're the one making things up.

SELLER changes the public price of the buy it now. Not sedo.

This is a buy it now listings which = 10% commission.

You cannot have private negotiation (15% commission) on a buy it now listing (10%). All the seller can do here is reduce the public price if they are interested in entertaining a lower offer.

 

[DomainRecap]

they do not automatically change your price, you manually change it,

LOL. this illogical take tells me as much about you as I need to know.

I bet when you got beat up in school, you bragged how many times you hit their knuckles with your head.