SEDO sellers want to rip me off!

[kbweb]

Do you think these people are joking or what?

I made an offer on 2 similar domains without a price. The offers were in the $500-800 range. I did this about 6 times with no reply for each.

Finally the first one gives a counter offer of $25,000. (I know this domain isn't worth a fifth of that) I ended that.

The second finally answered and countered with $999,999. :td: I told him to get serious and countered with $600. (I saw this domain offered on another site for about $5,000 AND I have the hyphenated version which I got for $9) There's NO WAY he is getting that.

What's the purpose?
Are they joking with me or just being difficult?

So my experience at SEDO has been less than satisfactory. A lot of extremely high counter-offers and difficult people. I can't say I recommend SEDO because these squatters think they can get a lot of money on them. (I myself sell domains but feel I am reasonable.

 

[mosilager]

Well, I wouldn't blame SEDO as the main culprit here, all they are is a medium between domains buyers and sellers (making a small commisson in bteween sales and ppc).

What you are encountering unfortunately is a trend that this industry is going through due to the very public profile of certain high domain sales, and you're finding sellers who think they can get $X,xxx,xxx for their domains as well!.

The bottom line is that these sellers own the domain and they can charge what they want for it, it's unfortunate that some sellers have no idea about the value of their domains, but how are you going to educate these fools?.

 

[napa]

You can't do much nowadays with a few hundred bucks, if they do not need money that bad it is smart not to sell. Just because they do not sell for less than thousands doesn't make them "squatters". Just keep giving low ball offers and maybe somebody will sell.

 

[Len]

Do you think these people are joking or what?

I made an offer on 2 similar domains without a price. The offers were in the $500-800 range. I did this about 6 times with no reply for each.

Finally the first one gives a counter offer of $25,000. (I know this domain isn't worth a fifth of that) I ended that.

Well there's your problem... Interesting to see that you say that the domain isn't worth a fifth of $25,000, which is $5,000. So taking your comment's into perspective let's presume you think it is probably worth $4,000. If that is the case why would you think that you could persuade the owner to sell for a price between $500-$800?
It is possible the seller has declined much higher offers and would have no reason to sell for your price.

In the other case, It appears to me that the seller is sick of low ball offers and responded with a ridicoulsly high figure to basically say "Up yours"!

 

[DomainLobe]

You can't do much nowadays with a few hundred bucks, if they do not need money that bad it is smart not to sell. Just because they do not sell for less than thousands doesn't make them "squatters".

I think you hit the nail on the head - If Domain Investors don't need the money than why sell for peanuts?

It only takes a few big sales to float a large portfolio and these sales definitely occur more frequently with a large, quality portfolio.

Good Luck

 

[akcampbell]

Alot of domain owners leave their names listed at Sedo but they are actually long term holders or have the name queued for development. The domain is listed there to provide a contact and negotiation route for motivated end users only.

There are thousands of people with time on their hands who do the rounds on Sedo bidding $200 for domains worth 100 times that. I think they are trying to find the mug in a 1000 or compiling a list of counteroffers to gauge best value.

People counter with insanely high prices because they don't want to open their business with a buy now price because somebody has bid them $200 and can't cancel the thread for 7 days or until a buyer cancels, and they don't want to inundated by reminders for lowball bids.

Sedo could improve their functionality by allowing sellers to cancel the thread as soon as a lowball offer is submitted. The thought of missing a sale makes them sick so they insist on keeping pointless threads open and bombard both sides with reminders leading to unrealistic bidding on both sides.

If somebody has a house, they are not squatters because they won't sell you it for $1m. The art of domain buying and selling is to find a deal that works for both parties.

Sedo domain listers are less inclined to sell for modest amounts than people you contact speculatively from WHOIS records. Not one of the domains in my signature came from Sedo. Most came from research and direct emails or forum contacts. Another point to bear in mind about Sedo is they don't enforce contracts and deduct 10% commission so sellers want higher prices as compensation for the risks and costs involved.

 

[gladdy]

From my point of view there are category of people who actually do not want to sell the domain names, because they have their own tactic. Listing at SEDO is just to attract more viewers to domain name, sometimes they set initial price very high - it means "I do not want to sell domain name" and they always have a real reason to do that, think yourself why? Because people at forums start to talk about unfairly high prices of that specific domain - result is more traffic to domain, easy ahh? "ATTRACTION" is the right keyword here and it is the answer to your question!!!
Iam selling a lot of domain names, I know that I'am talking, believe me, always there is a reason.

 

[sgtppr]

Something about making a $500 offer and being countered with $999,999 is very funny to me. Only in domaining!

 

[kbweb]

My point is they do not display a price (just "Make offer"). I DO NOT KNOW how much they want. So why would they be such a pain when they finally answer? I believe they are irritated by what is in their opinions a low-ball offer, but again, how do I know what they want if they don't answer?

And I'm the ONLY ONE bidding. It's not like they can pick and choose one of many offers. They will hold on to these domains for quite some time at this rate.

 

[hugegrowth]

"make offer" is a great tool for a seller, why set the price at say $1,000 if someone might pay $20,000? I think it's at least good for sellers to set a minimum bid price of $500 or $1000 or whatever to keep low ballers away, or keep potential bidders from wasting their time with lower offers.

Some domainers don't mind holding their domains and waiting for the big offer to come along. You shouldn't be insulted if they don't want to sell to you, just counter with a higher offer or move on to find a different name.

Decide on the maximum price you're willing to pay, and if they don't accept then you have to deal with it.

 

[Kate]

Alot of domain owners leave their names listed at Sedo but they are actually long term holders or have the name queued for development. The domain is listed there to provide a contact and negotiation route for motivated end users only.

:bingo:
I even remove the 'for sale' option on quite a few domains. If end users are motivated enough they will use whois to contact me. It's easier to lowball when you're anonymous :bah:

 

[akcampbell]

People don't price their domains for a lot of reasons. Somebody may offer them more as already pointed out, the page may get indexed by Google with the price which may make it harder to sell for a higher price in the future, it may be viewed as evidence that a domain is held in bad faith if somebody makes a UDRP claim, or it may encourage buyers to make offers significantly below the listed price.

If you want something somebody else has you either have to pay the troll or find another bridge to cross.

 

[maximum]

People don't price their domains for a lot of reasons. Somebody may offer them more as already pointed out, the page may get indexed by Google with the price which may make it harder to sell for a higher price in the future, it may be viewed as evidence that a domain is held in bad faith if somebody makes a UDRP claim, or it may encourage buyers to make offers significantly below the listed price.

If you want something somebody else has you either have to pay the troll or find another bridge to cross.

Talking about hitting the nail on the head

Rep added for that great answer :blink:

 

[weblord]

:bingo:
you took the words right out of my mouth.

Something about making a $500 offer and being countered with $999,999 is very funny to me. Only in domaining!

 

[zabijaq]

Too much new kids comming, few can't behave

 

[useless]

i always had a more than nice experience with sedo.......

 

[fh08]

this is a really great discussion.

 

[Spade]

I can't say I recommend SEDO because these squatters think they can get a lot of money on them. (I myself sell domains but feel I am reasonable.

Its amusing to me that you label a domain owner who doesnt want to sell a domain to you at your price a squatter, but when you sell a domain at a reasonable price, your just a business person.

What if I wanted to buy one of your domain names at $1 - but you countered with $20. Well, if I think your price is outrageous (20x my offer) is it right to label you a squatter?

 

[Kate]

I myself sell domains but feel I am reasonable.

It's funny, I know of another member like you but hey he ain't squatting either lol

 

[domexp]

Another point to bear in mind about Sedo is they don't enforce contracts and deduct 10% commission so sellers want higher prices as compensation for the risks and costs involved.

Hi AkCampbell,

Could you explain more about that statement, i.e. "sedo don't enforce contracts?"

I thought they provide escrow service which protects both the buyer and seller?

*sorry, newbie here.

Thanks!
domexp