Sedo email

[dan_Vt]

I received an email from someone at Sedo who said that Sedo was asked to act as broker for a domain I have listed with them. She asked me to reply back with an asking price, since I have it listed as "Make an offer".

Here's my thing, I've always had the mindset that if someone wants to purchase a domain from me they should make an offer...not ask me my selling price. But, I've never received an email like this from Sedo.

Anyway, I think I'm just going to reply with basically "make an offer" but I'm just looking for some feedback.

Thanks.

 

[equity78]

Well dan congrats nice to get interest on a name. I a mcurious as to why is that your mindset DOmains are the only Business it seems where people think someone should make an offer. Prices should be known and that's what hurts this business becuase it is a lotto mentality IMO How much is that car ? Make an offer. How muych is that can of coke ? make an offer I just don't get it when you have no guess at value I can understand but every name some one has they cannot be clueless. I think at least a minimum offer is fair. I see it here "make an offer" "ok $50" "I was looking for a little more" "ok $75" "I would not sell even at $100" wow if you said that the first time would not have wasted three posts. ANd alot of buyers will not make an offer they move on or lowball you drastically. IMO htere have to be minimum offers. Good Luck on the sale though and I would be interested to hear why that is your mindset.

 

[omnia]

I'd reply with an amount that you would be more than happy with (or way way over what you are expecting) Get a few ideas here by asking for a valuation, and perhaps double the best. Let them know that this is your "asking price" but you are open to offers. In other words build in plenty of fat, and allow them to knock you down to your expected price (or hopefully more than that). If you are going to enter negotiations its essential you have very clearly in your mind the amount you expect. If you elect to go lower than this, that is a decision you will need to make weighing up the pros & cons of the offer. All the best.

I agree with you equity that the lack of clear pricing is a bit of a problem. Its just that everyone likes to maximise their profits. Valuation can be a bit like the old adage, "How long is a piece of string?".

 

[nRnF]

If you received this email from Sedo
--> They are the experts
--> They want to make a deal

Expecially if Sedo is hired by someone else that didn't eaven didnt conclude a prior negociation via their webgate.

RELAX

IMO You are in absoulute no need to name a price first :hehe:

Did you have recent $$$bids on this name (via any source) ?

PS:
PM me the name, and I will ask my cristal ball
Also I would be interested how sedo approaches this "hire a sedo broker"

 

[IAmAllanShore]

Just as an aside: If they are paying the fee to have SEDO do the work for them, you might just have a winner (Because the buyer has money) no matter the domain name.
Shoot high, but indicate you are willing to negotiate,IMHO.
-Allan

 

[VisualArtistFrankBonilla]

Buyer is paying for $49 for sedo to be broker

The buyer is paying Sedo $49 to act as a broker. For this the buyer will receive:

1) Sedo will do an appraisal on your domain for the buyer, before negotiations begin.

2)Sedo will do trademark research on your domain

3) Sedo will handle all price negotiations

4) If a deal isn't reached, Sedo will monitor your domain daily, and let the buyer knows if it ever expires, so the buyer can try and reg it.

5) If a deal is reached, Sedo will handle the transfer of the domain.


All this is covered on Sedo's website. So, basically, even if you name a price, Sedo and the buyer will already have determined what they think it is worth. Maybe it will be more than you think, or it could be a lot less than you feel it is worth. But, I'm sure the buyer isn't going to offer more than Sedo says it is worth. You just have to hope it's in your ballpark, or you may have to say "No thank you."



www.Sedo.com/broker/index.php4?/language=us

Frank

 

[jehnidiah]

Yep, I got an offer of 100 dollars on my lexsu.com domain the other day from someone acting as a broker from sedo.

 

[VisualArtistFrankBonilla]

Sedo Appraisals

Yep, I got an offer of 100 dollars on my lexsu.com domain the other day from someone acting as a broker from sedo.

Personallly, I think www.Sedo.com will give much lower appraisals compared to www.Afternic.com. Who is right is hard to say. One here, of course, we would say don't waste yoru time paying for an appraisal. But, I have had them done, hoping this would help find a buyer. I don't think they helped at all.

Frank IMHO

 

[wow!]

I got a week ago offers in Sedo for 2 domains.
After I accepted the offers , they are still looking to get the payments from the buyer/s, but it is a week now and no payment from him.
So take it easy here... if you have an offer in Sedo it is not Sold yet.

 

[dan_Vt]

Well dan congrats nice to get interest on a name. I a mcurious as to why is that your mindset DOmains are the only Business it seems where people think someone should make an offer. Prices should be known and that's what hurts this business becuase it is a lotto mentality IMO How much is that car ? Make an offer. How muych is that can of coke ? make an offer I just don't get it when you have no guess at value I can understand but every name some one has they cannot be clueless. I think at least a minimum offer is fair. I see it here "make an offer" "ok $50" "I was looking for a little more" "ok $75" "I would not sell even at $100" wow if you said that the first time would not have wasted three posts. ANd alot of buyers will not make an offer they move on or lowball you drastically. IMO htere have to be minimum offers. Good Luck on the sale though and I would be interested to hear why that is your mindset.

That's my mindset because of the nature of what is being sold. Pricing out a car, or can of coke, is simple economics. How much does it cost the company to get the parts for the car? How much is labor? The overhead? How much is shipping? Add to that the desired percentage of profit, and you have the cost.

Domains are not like this. It's almost like art (I really value art, so I'm not trying to say domains are art, just an analogy). To me van Gogh's Starry Night and Michelangelo's the David are like drugs.com -- extremely valuable. But, that's my opinion and it is not shared by everyone. Someone else out there loves Thomas Kinkade, but I don't care for his work.

Now let's say I own an original Thomas Kinkade work. How much would I sell it for? Not what I think it's worth (19.99 with the frame) but I'm going to sell it for what the buyer believes it's worth.

That is the true valuation of this type of thing...how much someone is willing to pay.

 

[IAmAllanShore]

T.K.'s paintings? Yikes. Original Monet might be a better choice
Just kidding with you.
But anyway, the economics of the decision boil down to the same thing no matter what is being sold. How much the seller values the item, and how much the buyer values the item. If those two values are close enough that one and/or the other will negotiate, then you have a sale (Or if you're lucky, the buyer values it much more than you do ).
-Allan

 

[billinchina]

Just because someone hire's a broker doesn't mean they have money. I broker some deals at Afternic and I can attest to that. If you really want to sell the name, don't over shoot your price too high or you'll scare the buyer away. The most common price I hear owner's fire back is $10,000. There must be something about that number. It also scares away most buyers. Most buyers will start real low (couple hundred bucks) and then work their way up to something reasonable in the thousand or two range (I guess it's the "try to get a bargain" mentality that all of us have inside). If you want to sell your name and it's not that great, then fire back $2,500 or less. If you don't hear back in 4 to 5 days, drop to $1,200... If you still don't hear back, and you really want to unload it, try a couple hundred bucks. Don't say make an offer, that just makes people move on to another alternative...

 

[equity78]

Well thanks for gertting back Dan and I see your point I tend to think what Bill said rings true on a lot of deals peopel will move on with just make me an offer or lowball. I Don't think there has to be a fixed price but at least a minimum offer price so people don't waste their time. You may have a great name I hope you sell it I was jsut interested to hear why that was such a strong point of yours but I understand where your coming from but the analogy with art I can only buy that one Monet or Michelangelo Domains have many exts and variations that you can justify going with another name there will not be another Mona LIsa. IMO