Sedo counter-offer vs auction?

[Alex2017]

Hi all,

How do you think guys, what's more profitable after received an offer on Sedo:
- make a counter offer
- or start an auction?

Thanks

 

[usernamex]

How many offers have you had total? If many then MAYBE auction, if few then counter.

What is your asking price and what is the offer?

 

[wwwulff]

I don`t think anyone can respond properly without knowing the name and size of the offer

 

[Jurgen Wolf]

Usually these auctions are waste of time (7 days without any bidders)...

 

[frank-germany]

most likely you will be disappointed by an auction after bid at sedo

 

[Alex2017]

Well, moincoin.com, this is the first and only offer $200. I wanted $499.
Also I already tried "direct auction" a month ago. 7 days, no bids at all...

 

[usernamex]

OK first @Alex2017 edit your post super quick to mask the domain in case your potential buyer searches
like m/o/i/n/c/o/i/n dot com

That is a reasonable offer, so the question now is, if you counter and the buyer says no and walks away, are you OK with that?

 

[wwwulff]

OK first @Alex2017 edit your post super quick to mask the domain in case your potential buyer searches
like m/o/i/n/c/o/i/n dot com

That is a reasonable offer, so the question now is, if you counter and the buyer says no and walks away, are you OK with that?

I agree - Counter if you dont need the money

 

[Alex2017]

OK first @Alex2017 edit your post super quick to mask the domain in case your potential buyer searches
like m/o/i/n/c/o/i/n dot com

That is a reasonable offer, so the question now is, if you counter and the buyer says no and walks away, are you OK with that?

Unfortunately can't edit it.
Actually I expected the buyer should make new offer, then me, then the buyer again and so on...

Anyway seems like I'm lucky today. He accepted my counter offer

Thanks everyone

 

[Alex2017]

But of course, in general, I still not completely understand why Sedo auctions don't work as good as I thought

 

[wwwulff]

Anyway seems like I'm lucky today. He accepted my counter offer

Congrat

 

[usernamex]

Congrats! That was easy : smile :

For future reference we have a very short edit window so it is better to mask to start with, and if you have to you can report your own post and kindly ask a mod to edit

 

[frank-germany]

Unfortunately can't edit it.
Actually I expected the buyer should make new offer, then me, then the buyer again and so on...

often thats not happening
they simply disapear

 

[frank-germany]

But of course, in general, I still not completely understand why Sedo auctions don't work as good as I thought

as there not enough eyes

 

[Jurgen Wolf]

But of course, in general, I still not completely understand why Sedo auctions don't work as good as I thought

Because almost all Sedo users are just another domainers like you...

 

[Pierre Barnard]

take the money.

 

[Kate]

Pushing to auction is a double-edged sword.
There is a risk that the other party will be frustrated and back out if they acted out of impulse.
I have had success once, another bidder joined in, and the name sold for 3 times more as a result of a bidding war. I'm sure bidder #1 regrets he did not accept my counter-offer.
Possibly, you can use this as a bargaining chip. You can tell the other party that their offer is a bit low and you reserve the right to send to auction, thus bringing possible competition.

PS: I am not sure, but maybe Sedo will notify the parties that bid on the domain in the past. At least they send a notification when a domain that they bid on, is set to BIN price.

 

[imadoer]

I rather just set bins at sedo

 

[Alex2017]

Pushing to auction is a double-edged sword.
There is a risk that the other party will be frustrated and back out if they acted out of impulse.
I have had success once, another bidder joined in, and the name sold for 3 times more as a result of a bidding war. I'm sure bidder #1 regrets he did not accept my counter-offer.
Possibly, you can use this as a bargaining chip. You can tell the other party that their offer is a bit low and you reserve the right to send to auction, thus bringing possible competition.

I like this strategy

 

[frank-germany]

You can tell the other party that their offer is a bit low and you reserve the right to send to auction, thus bringing possible competition.

thats unrealistic

as when you do so
you need a counter bid to be able to do so

next: buyer vanishes