Sedo helps flippers

[topdom]

We are "scammed" via sales to flippers all the time, because Sedo makes our data almost public, but hides buyer data even after sale is fully complete. Why do it: to hide actual buyers, to prevent us from realizing that the bidder was not the buyer but someone who plays both sides? If so, how does Sedo benefit from it: it only means less profit for Sedo, unless Sedo itself is the flipper. How can I know whether the same flipper is scamming me all the time, while he hides behind anonimty provided by Sedo. And if I accept a low price once, he will never make fair offers.

 

[topdom]

Daaz does this also. I do think it’s an unnecessary bit of data that can hurt some sellers due to outdated connotations so both should remove it

However flipping is legit. You should only sell at a price you want, doesn’t matter who the buyer is

Flipping is legit.. if we mean legal, probably yes, ..

If there is an abuse of power, then flipping would be unethical. It can be worse than shillbidding. For example let's say I caught a domain with my own dropcathcer, and then started an auction, and shillbid as a fake user to make sure selling price is high enough. It is unethical, yes, but it is not very unethical, because selling price can remain very low, and I could keep the domain for myself from the beginning.

..I mean it is not as unethical as this situation: a big registrar getting a lead from a very big company, and instead of informing me, lowball at Sedo to secure a very low buying price, while at the same time free to shoot to the moon at the other end. Because, if such things happen all the time, either I as a seller, can only sell for very low prices, or never be able to sell...if I'm victim to such scenario, who can I blame, can I blame the flipper, no because I agreed to sell, or the bidder doesn't have to place a reasonable bid.

Let's say I'm working somewhere, which is normally a safe place, because the door is closed, but the person who controls the door keeps it open , and someone enters and shoot me, who am I supposed to blame. Saying, don't sell low then, is like saying, protect yourself by wearing bulletproof stuff.

 

[biggie]

Sedo-helps-flippers

We are "scammed" via sales to flippers all the time,

Hi

why create these senseless posts about sedo
because, if one actually reads the title, then the claim, is contradictory.

since, "flipping" is domain slang for reselling a domain name in a short period of time
and...
since domainers buy and resell domain names
then
sedo would be helping us.

therefore, your claim has no merit.

case dismissed!

puff, puff...ahhh

imo....

 

[poweredbyme]

..I mean it is not as unethical as this situation: a big registrar getting a lead from a very big company, and instead of informing me, lowball at Sedo to secure a very low buying price, while at the same time free to shoot to the moon at the other end. Because, if such things happen all the time, either I as a seller, can only sell for very low prices, or never be able to sell...if I'm victim to such scenario, who can I blame, can I blame the flipper, no because I agreed to sell, or the bidder doesn't have to place a reasonable bid.

I don't think that having bidder/buyer personal info is a solution for that scenario. As a seller you have 2 options;
1- set a price
2- not to set any price

If you are unsure on the price, don't set any price, even minimum offer. Nothing can provide better protection than this method.

If you are sure on how much you want for your domain, then set that price and stick to that price. For me, if someone paid what I want for my domain, I really don't want to know who paid. Because I know who paid and who bought are NOT the same person/entity in most cases. Please think about this for a minute. Most business owners don't know how to buy a domain, what to do with a domain. They pay someone who knows these. As a domain seller, in most cases you can never know who is the buyer. Period. So buyer info is entirely useless.

Buyer/bidder/offerer info, as well as seller info have no practical use in making more/less profit. All you have to is to make good pricing. It's a skill which can be improved over the time after setting too many bad prices. If you are not good at pricing and are not willing to take risk of selling for so low, then don't set any price, in other words let your buyer sets the price of your domain. I don't recommend it unless you are an occasional domain seller. If you have many domains for sale, you have to learn how to set good prices. You will set many wrong prices in the beginning. But eventually you will learn how to do it correctly. Let your learning curve begin now. Set price. Then change. Then change again, Do it on a regular basis, say quarterly, monthly or yearly. You will eventually find the correct price that works.

There must be a price. If you don't set any price or if you set prices incorrectly then you accept someone else will do it correctly for you. If you always set prices lower, then you have no right to blame others, including big registrars. If you always overpice you can't blame others for not making any sales. You should blame yourself for not knowing pricing. Sellers have to learn how to price their domains.

 

[topdom]

Why do hugedomains, domainmarket, buydomains, sell at their own site, and require personal info before showing the price, instead of selling at AN or Sedo...It makes a difference whether I know all domains I sold for 100 were sold to the same person, or not.
I sold a .biz domain for a strange low price. And later got offer for another .biz domain in the exact same strange amount. So it looks like buyers were the same, and he knows me and I don't know him. He thinks he can buy domains from me for cheap, but I have no idea who the hell he is. Totally unfair, and also bad for Sedo (unless sedo itself is a flipper).

Maybe the solution is, if we want to park at Sedo, park inside a frame, and outside that frame track visits. Or make a redirect and track before redirect. Why do we park at places like Sedo: to be able to sell fast and for good price. But all marketplaces (at least big ones) seem to be trying to prevent good sales (on seller side)....

Plus , buyers "buy" and don't pay at Sedo, and get away with it, and meanwhile they learn our name and address. It is blocked by gdpr, but enabled by Sedo. Our address is real, theirs is fake, so if we learn their info it doesn't help.
I'm not a Sedo hater but let me mention other mistakes of Sedo. There is an unknown 40 USD additional fee for wire transfer (maybe not for everyone, so if the cost is 18 you will pay 58 (if you ask me, where that 40 comes from,.. I'm not saying it is not legitimate,..previously minimum commission was 60 , now, it is 20, the difference: 40, so maybe the minimum commission is still 60 in case of wire) (not a big deal..)*), contact form on their web site doesn't work, and more importantly, they randomly remove generic domains because of trademarks, or unexplainable 3rd party conflicts. and remove domains which have been verified and didn't drop or change hands because of not being able to verify them.

All marketplaces suck in one or more ways, bigger ones do more. Dan only works with newest browsers. AN is a big blackbox, no hints given, no communication. AN and GD pretend to be different companies, and this hurts sellers, because endusers go to GD, domainers go to AN,
so price requests are probaly not done by actual endusers, and endusers probably won't be informed instantly when prices are set.

But once payment is made, all work almost perfectly..edit: Noone steals money this way, only Paypal does (by closing accounts, making transfer impossible, and ignoring messages).

edit:* if sales are combined before payment, then this amount domain drops per domain, so it is not a hidden commission and it might be needed for some processing. But it is something which makes wire cost look fat.

 

[poweredbyme]

I made my first sales via Sedo 10-15 years ago and paid a wire fee, probably less than $40.

Sedo seems to be a middleman on the paper. But any middleman can be a flipper if being a flipper is more profitable. We, as members of those platforms don't have any control over them. Hence we can't prove even if they are really flipping. Talking without proofs is a waste of time. Even if you have proofs, I don't get how those proofs will help sellers or the whole industry in general.

I agree all marketplaces suck. There maybe good demand for a better marketplace. I think it's possible with a blockchain trustless system. If such a marketpace is developed I will be one of the first users. Current marketplaces use traditional financial and escrow system. Their costs are high and they don't operate efficiently.

 

[biggie]

I agree all marketplaces suck.

Hi

if, they suck, then don't use them.

that's how you exercise control and put the power in your hands.
then it will be on you alone, to replace that potential visibility and loss of potential sales.

Current marketplaces use traditional financial and escrow system. Their costs are high and they don't operate efficiently.

since the general public, uses traditional financial and escrow systems to conduct business transactions, then it's logical that marketplaces incorporate similar systems that users will be familiar with.

collectively, marketplaces have enabled buyers and sellers to conduct business for years.
though internally, each may have issues, but overall they have efficiently served their purpose as facilitators of domain transactions.

without them, and the reports they produce....you might not have a Namebio, or a DNJournal and then bloggers wouldn't have much of anything to write about.

before you jump on a wagon, look to see who's yanking the reins and what road they are going down.
cuz to me, looks like the driver of this thread, has the wrong map.

imo....

 

[tupungato]

How "flipping" is scamming and registering a domain to sell it is not scamming?
If flipping is scamming, then every domainer not intending to develop the domain is a scammer.

 

[topdom]

How "flipping" is scamming and registering a domain to sell it is not scamming?
If flipping is scamming, then every domainer not intending to develop the domain is a scammer.

There can be different types of flipping and many can be ethical. I'm complaining about unethical ones. And even if there is unethical flipping I can't blame the flipper.

Some people seem to find active buyers using their connections, and sell domains they don't own, and this happens regularly. Ok, but then I want to know who I'm selling to. They may buy before selling, and when selling part fails, they don't pay either, although price was already cheap.. This is a very common scenario.