Sedo Forces Asking Price?

[verbster]

When responding to an offer through Sedo, it seems there's no way to decline (or respond to an offer) without posing a counter-offer of some sort.

I got a $60 offer on a domain worth much more.

I don't want to start an auction for the amount offered.

I tried the "Cancel Negotiations," but it wouldn't let me without entering an "asking price."

I tried respsonding both with one of their canned replys and with just a monitored note, but neither would go through without an asking price listed.

I don't want to put a price to it at this stage. Plus, I don't know what they want an asking price for...or what they'll do with it.

Please let me know if I've missed something.

Thanks

 

[Name Trader]

Normally, my minmums are satisfacory to me, but because of the upload of hundreds of domains to udate my Sedo listings, I didn't have the minimums set.

I just recently uploaded my domain portfolio to Sedo and you can set the minimums when you do this.

As explained though, in this thread I was more concerned with the choices presented by Sedo when dealing with an offer...being forced to respond with an asking price no matter which respose (except no response at all).

It seems to me that you don't want to set an asking price for your domain. So why list it at Sedo? I don't really see a major problem of being unable to cancel the sale if you receive an offer (although it would be more flexible if it was possible). You just respond with an unreasonable asking price and leave it at that.

If selling keep your min offer prices at a sensible level to suit you, all of mine are $488 , maybe I miss some potential sales but unlikely.

So you're the guy with all those $488 priced domains?

I used to have all my domains set to $500 (even if some domains weren't worth that and some domains were worth a lot more). I never got many offers. I then changed them all to $200. I got a few more offers. I just recently changed them all to $100 and have had several offers already. My asking price and eventual sales prices haven't changed.

 

[Ronald Regging]

My only expectation is to sell it for the price I have in mind, which I don't believe the $60 bidder will fulfill. My personal opinion is that he is not "a really interested buyer." (This was what prompted this thread to illustrate the limited options Sedo provides when dealing with nuisance bidders or low-ballers...that the seller is forced to either ignore the bid or include an asking price with any other action, which may hurt the seller's negotiating strategies.)

Personally it seems to me like you just can't make up your mind. You say that you think the buyer isn't really interested and talk about low-ballers and nuisance bidders, but at the same time, you don't want to be locked into responding with a price on the off-chance that it may be someone with deep pockets who would pay far more than what you ask If your only intention is to get the price you have in mind, then your responding price should reflect that, and it shouldn't matter who the buyer is.

I think Sedo is right on this one, in that forcing an asking price is more conducive to communication. You don't want to commit to a price, because you hope the buyer will pay more than what you're asking. The buyer doesn't want to commit to an offer, because he hopes he can get it for less than what he's willing to pay. Something needs to happen at this stage in order to get things moving along, and thats where the forced price comes in...

 

[accent]

Setting a "minimum price" is telling the world that the domain is worth that minimum. If that price is not really acceptable then you are going to frustrate a customer who would perhaps have been willing to pay more.

Since I received a $60 offer on a similar domain it is probable that this buyer is hoping to find sellers who do not know the market value of LLL.coms (min $200 - $250 reseller). If a domain is a long term investment then "fair" reseller prices are not attractive.

But I agree with the thrust of the OP that SEDO does not allow effective communication in many cases, although in this case I suspect there is no point in it, the buyer is bottom-fishing.

 

[scotchbonnet]

I am relatively new to domaining so I was thinking it was just me. The Sedo process is very hard to negotiate - especially in terms of cancelling offers. A friend of mine had a hard time figuring how to get rid of "not serious" offers so she could free up the domain name to serious offers.

I understand Sedo gets this complaina lot. WOnder what is in it for them to not do something about it?

 

[Ronald Regging]

Since I received a $60 offer on a similar domain it is probable that this buyer is hoping to find sellers who do not know the market value of LLL.coms (min $200 - $250 reseller). If a domain is a long term investment then "fair" reseller prices are not attractive.

You are saying that LLL.coms are only worth a minimum of $200 - 250 to a reseller? I'll give 2x those figures for all LLL.coms you may be selling

 

[gazzip]

I understand Sedo gets this complaina lot. WOnder what is in it for them to not do something about it?

The main communication issue with sedo is because they don't want potential buyers to contact the sellers and cut them out of the deal.

Thats why the comments have to be checked by sedo before they are processed (which can take 2 business days), the quick comments go through without checking - I would like to see the current ones (below) improved with more usable options. I would'nt think it would take much work to do.

This is my final offer
I have previously recieved higher offers
I am also negotiating with other sedo users
Send appraisal value to other party
I am earning more than this with sedo parking
Domain receives 32 weekly unique visitors < hmmm, thats a good one !

Also to be able to communicate without having to put the price in would be great IMO

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