Sedo - Most useless platform?

[william]

I believe Sedo is the most useless platform of all.

Some of you may disagree and feel free to share your experience below, but from my experience, Sedo has been utterly useless. It has long relied on its well-established brand and the luxury of being one of the first players in the game. Since then, it has done nothing to improve user or buyer experience. They have not found ways to innovate their platform, attract new buyers, and have solely relied on type-in traffic.

In over 10 years of using Sedo, I can count all the offers and sales on one hand. Most of the arguments for Sedo are "they are popular with oversea buyers". Sedo may sell more names to european buyers because they allow extensions such as .de, and have translated versions of the site for buyers for other countries. That's about it. But Sedo has (insert number of partners)! Does that result in many sales for an average seller? Nope.

Sedo currently charges 10% commission for parked domains, 15% for marketplace listings, and 20% for MLS sales. For that comission, they do absolutely nothing.

What I can give them credit for, is for negotiations of inbound offers. But when you get one offer per 5 years, does that really benefit us? Are other marketplaces worse at negotiations? I don't think so.

You may say, well who cares, it's an additional marketplace to list your names on. So why not? Because even their submission process is a headache. Each name has to be manually verified through forwarding or txt record. It doesn't work all the time and takes way too long.

But that's my personal experience. For those of you who park their names at Sedo, why? How has your experience been?

 

[Igor Gabrielan]

Sedo is not bankrupt by any chance?
There can be no risk of selling an expensive name and not getting money?
The inability to perform basic operations that they easily handled in the past and the laxity of the staff evoke bad thoughts.

 

[DNabc]

Igor, I'm sorry to read that... if external transfers are going the way you say then it's a shame, I used their service a lot.

 

[Igor Gabrielan]

Igor, I'm sorry to read that... if external transfers are going the way you say then it's a shame, I used their service a lot.

I have also used their escrow many times before, but now it looks like they are just kidding me.

Support of Sedo, July 27, 2022:

As stated numerous times previously, the transfer department will email you back once it has processed. We are unable to process your request in the Customer Support department. If you feel the email has not found our transfer department, please feel free to email them again.

This is despite the fact that I submitted an escrow request on July 18 and repeated it twice.

So I moved the escrow deal to another company, Epik. If this is not the collapse of Sedo, then what is it? I am now managing at Sedo a large sale for 25,000, and I am afraid that my client will not receive this money. In this trade, Sedo gets 15%, which is 3750, and also the deal is close to breaking, and it does not look like Sedo is making an effort to complete it.

 

[DNabc]

Unfortunately big companies don't seem to care when we lose deals or not. They move on 5 mins later while we have to deal with the consequences.

 

[Igor Gabrielan]

Unfortunately big companies don't seem to care when we lose deals or not. They move on 5 mins later while we have to deal with the consequences.

That's why I left for a small company.
You can see where the last two .ai name sales were on NameBio.

 

[DNabc]

I noticed, and I try the same but some buyers won't even budge... and I've lost a few sales that way. They put on their mind they only want to use company x but don't want to help pay the heavy cost.

 

[Igor Gabrielan]

I noticed, and I try the same but some buyers won't even budge... and I've lost a few sales that way. They put on their mind they only want to use company x but don't want to help pay the heavy cost.

I used to sell names using escrow.com , but then this company stopped working in Ukraine, I had to switch to Sedo, and now I have to switch to Epik. But I have not yet had clients who would refuse to work with Epik.

 

[DNabc]

I've had quite a few, especially less savvy ones that go search stuff they don't understand...

 

[Igor Gabrielan]

It's also funny that Sedo does not work with the state of Texas. The Texans offered me $35k for worlds.ai , but in the end, they didn't buy it. Probably Sedo is afraid that hot Texans will shoot them for a bad job. And this has a certain meaning.

 

[DNabc]

That is interesting and funny xD

 

[biggie]

Unfortunately big companies don't seem to care when we lose deals or not. They move on 5 mins later while we have to deal with the consequences.

Hi

negotiations probably go on every day in domaining and outside of it
not all of them close, as anticipated.
and if/when they don't,
how many are the fault of the platform or service that provides the stage to make the deal happen?

so....when you lose a deal, what are the reasons?

the buyer didn't counter your offer
the buyer didn't pay, after agreement
the buyer didn't respond
other reason?

also, consider that when a deal falls thru, you still have the domain.
so, what real consequences are experienced, as a fault of the platform?

earlier this year:
i had buyer agree to price, then they waited past 7 days to respond.
contacted sedo and stated "i feel this buyer will not pay"

they reached out to buyer several times and finally they paid for the domain.
then they requested auth code to transfer, which i submitted promptly....but they never initiated the transfer.

now mind you, the domain was unlocked at this point and auth code was submitted, which is only valid for brief period.
the buyer never initiated the transfer request, so i had to ask sedo to take possession of the domain, in order for me to get paid.
they created an account at the registrar and i pushed it there, and got paid same day.

as of today, that domain still doesn't resolve.

imo....

 

[DNabc]

I have had cases like that too, where buyer pays and doesn't initiate transfer 1-2 weeks later.
I also have had cases where brokers didn't even reply to good initial offers, obviously didn't tell me about it until I got that info from the buyer or somewhere else, and the number of times they don't follow-up on negotiations is absurd.

 

[biggie]

I also have had cases where brokers didn't even reply to good initial offers, obviously didn't tell me about it until I got that info from the buyer or somewhere else, and the number of times they don't follow-up on negotiations is absurd.

Hi
what platform did this occur?
how did you know there was an offer, did you receive email or notice on the platform?
why did offer go to broker and not you?

imo..

 

[BrandEntrance.com]

they get low sales nowadays ..
they should reduce the fees to 8% to compete dan.com ..
our landing pages goes to dan.com today regards the low fees ..

compete with GoDaddy

 

[DNabc]

Hi
what platform did this occur?
how did you know there was an offer, did you receive email or notice on the platform?
why did offer go to broker and not you?

imo..

Uniregistry, lead came from Godaddy, they said they would investigate why I got no notification of offer around mid $n,nnn (no explanation several weeks later).
Also, do you know that Godaddy's plan has been to remove the self-service brokerage system Uniregistry has and was the reason why I went there and listed thousands of domains in the first place? This was confirmed.

 

[devma]

I have tried Aftrenic, Sedo, Dan.
Most of my sales are from Sedo I like it .

 

[Mkt Sales Leads]

I don’t really care about commission as long as the name is sold.
Btw, why are you keep posting all the negative topics? Nothing is good i your life?

Methinks it's time for a wife joke...

 

[william]

I have tried Aftrenic, Sedo, Dan.
Most of my sales are from Sedo I like it .

Are your landing pages pointing to Sedo? What kind of names are you selling - generic, brandable, geo, etc?

 

[devma]

Are your landing pages pointing to Sedo? What kind of names are you selling - generic, brandable, geo, etc?

Yes, ns1.sedoparking .. ns2. Sedoparking

Brandable, generic ... Etc

Medicaretraining.com
iii.io
Asp
Onebridge.io
And much more

 

[Sacoplc]

I sell domain monthly at SEDO..

I check my domains.. daily views, and if no views I will change the price...

You continue to change the price of your domains for you to make sale..

If you list homeboy.com at sedo at buy it now ..may be 25k..

The next day if there is no views ..you adjust your price to 20k or so

You keep on going up and down ..to make sale..

This method is for those that want quick sale..

Is working for me..

But your domain shouldn't be hand registered..

The method is for premium domains only...solid two words. Primium four letters,one word domains


Is working..check if buyers are viewing your domain..

No views means over priced domain..

3,4,5figs domains..


I like to buy today and sell tomorrow..

If you can wait for a long time and you are very very rich.. this method is not for you..

This is for buy today and sell tomorrow.

Best.