Sedo Tips

[Zeeble]

Do you guys have any Sedo top tips?

Currently I am in negotation for my first time on Sedo and I am looking for some help, as well as hopefully having our top domainers give beginners some tactics.

For example, if a buy says "This is my final offer", is that always final? Or have you guys counter offered again after a buyer saying that?

 

[paxton]

Do you guys have any Sedo top tips?

Currently I am in negotation for my first time on Sedo and I am looking for some help, as well as hopefully having our top domainers give beginners some tactics.

For example, if a buy says "This is my final offer", is that always final? Or have you guys counter offered again after a buyer saying that?

From my experience, when a buyer posts "This is my final offer" it's usally about a 50-50% chance that he will close the negotiation should I counter with a higher offer. If you are getting a very reasonable offer on a domain that is not a likely selling canidate, I would be hesitant to counter offer if the buyer chooses the "final offer" comment.

I think sellers have a very nice advantage now that Sedo has released their auction marketplace. Recently, I have received offers on domains that weren't spectacular, but the offers were reasonable. I replied to both with a higher counter offer. For each domain, the potential buyer raised his offer a little bit, and then used the "This is my final offer" comment. Rather than lose a potential sale, I chose to send the domains to auction, knowing the worst I would do was the most recent offer from each prospective buyer. In my mind, I am thinking this is the best way to get the bidding buyers to offer more - assuming the domains receive additional bids - and know that I am not selling below market. Additionally, there is always a chance that an auction will attract an end user or even a competitive bidding war between domain investors. The auction at Sedo is the best way to extract extra value from your domain sales.

 

[circa1850]

Negotiating is exactly that...negotiating. But it is also calling one person's bluff.

It either is the final offer or it is not. But, read on...it does not have to be the final offer, even if you accept the offer.

The beauty of Sedo's new and revised system is this...if you can live with the offer, accept the offer BUT TAKE IT TO AUCTION!

This will maximize revenue with the Sedo audience plus give it added exposure that it would most likely not get. The only way to successfully get a domain to auction is to accept an offer and then indicate in the control panel that you want to take the domain name to auction. The other method is to work with a broker. This is a farce. Even with my connections at Sedo, all they are interested in doing is brokering (selling) my entire domain portfolio.

The new auction format is quite popular and has been quite successful for domain sellers. TRACTORS.COM sold on this format for $143,500.00. Doubtful that the seller would have negotiated such a high price. In reality, his/her reserve was about 1/5 that amount so, no...he would never had gotten that kind of jack had he not taken it to auction.

It was the Sedo crowd who saw the domain featured in the auctions and went crazy over it. I am equally sure that the word quickly got out on other sites of the domain's popularity and drew more folks into Sedo's fold.

So, if you are happy with the offer and can live with it, take it to auction. The least you will get is the offer (you MUST sell it for this amount if there are no more bidders) or other users will go ga-ga over it and run it up.

I hope what ever you are selling brings you $143K.

 

[cache]

if it is not a high dollar item, it is likely that this is the final, imho.

 

[Zeeble]

Thank you very much for your response Circa.

I have actually gone ahead and put the domain into auction so I am hoping that there will be other bids but in this game you can never quite tell.

Thank you again for your advice.

 

[paxton]

Thank you very much for your response Circa.

I have actually gone ahead and put the domain into auction so I am hoping that there will be other bids but in this game you can never quite tell.

Thank you again for your advice.

Didn't I say the same thing in the post before?

Not that it's important. What matters is you get the most from your domain sales at Sedo! Good luck.

 

[deleted984054565403]

On my last Sedo transaction every offer the eventual buyer made said "final offer." I think the auctions will prove to be useful if time isn't a constraint, so I'd always go that route from now on. Good luck with your hopeful sale!

 

[Zeeble]

Didn't I say the same thing in the post before?

Not that it's important. What matters is you get the most from your domain sales at Sedo! Good luck.

Sorry Paxton, for some reason I thought it was the same poster, not quite sure why.

But thanks for your response as well, it's appreciated.

 

[wow!]

It is always better to catch sure $$$ than gambling for more.
Unless you have a kickass domain.

 

[rome2ng]

yup, unless you are VERY sure that domains sells, then reject the bid.

if not, then you ask for an 10-15% increase in offer

 

[circa1850]

I have actually gone ahead and put the domain into auction so I am hoping that there will be other bids but in this game you can never quite tell.

Something else you can do...find your domain name on auction and click on it. Keep track of the numbers of visitors. You should see a sharp, sometimes very sharp increase, in visitors to the listing.

Proof positive that if you can get it to auction, the exposure is well worth it.

So if you are happy accepting an offer and can live with it in case you get no more bids, then take it to auction.

 

[scandiman]

Yes, the send to auction feature is great. What I can't figure out is how some domains are in auction without any bids. How can I gamble and send some names to auction with no reserve?