NameSilo

Should Marketplaces show seller's location?

Labeled as question in Domain Buying and Selling Discussion, started by topdom, Feb 22, 2019

Replies:
23
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790

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Should domain owner's (bank's) country be shown?

  1. Yes

    4 votes
    13.8%
  2. Only to people who made an offer

    2 votes
    6.9%
  3. No

    23 votes
    79.3%
Total: 29 vote(s)
  1. topdom

    topdom Top Contributor VIP

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    Sedo shows sellers' banks' country to public on detail page, as if it is important. A buyer can't make an offer without seeing this data. Also nonbuyers can see this data as well.
    This is against privacy and gdpr. There is no risk of fraud, so why show it. But showing seller's IP makes sense, because domain owners can already point a domain to any site, and learn all visitors' IP.

    Buyers can say, this country is poor, so I won't pay a premium price, or I don't like people from this country, so I won't buy.

    Most of the money I make from domains goes to Trump's country (unlike most people I don't dislike him), and stays or is spent there, but buyers don't know this.
     
    Last edited: Feb 22, 2019
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  2. Josytal

    Josytal Top Contributor VIP

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    I voted No, 'cos it's absolutely unnecessary to display domain owner's country, since Sedo itself will handle every aspect of the transaction - from domain search, presentation, purchase, payment and domain ownership transfer.

    If I understand their ToS correctly, Sedo acts as reseller of the domain - not as commission agent or rep. So, displaying domain owner's country can be perceived as subtle discrimination of domainers from less privileged countries, not providing a level playing ground for all and sundry.

    I'd like to believe that this is more of an oversight than a deliberate act of bias from Sedo's end.
     
    Last edited: Feb 22, 2019
  3. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com VIP Gold Account

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    wow never thought of it that way. but I see your point. you can't predict people either. Whether they will use this data and try to get a better price.

    Although, if a buyer sees the ip of someone from USA? ironically if the buyer is from somewhere less fortunate.

    they might not even bother placing a bid and move on to a domain in a "poor" country.

    as a result, the USA domainer misses out on an opportunity to even start a negotiation because their IP address caused them to be passed over.

    Because buyers might think "oh hey he's from USA. he's gonna want $10,000+ for his domain. let me go to this domain with ip of india or vietnam or africa. I can get a deal there."
     
  4. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    I don't see why not, Showing what country the seller is in is minimal transparency IMO, It has never made me offer more or less for a domain name.

    Somewhat to touch a little on the posts above, I have never considered what country the seller is in as being an advantage as to the price of a domain. the fact is the seller has a name I want, I can only buy it from it from them, I offer someone from India, Vietnam. Africa or whatever country they reside in the same offer as I do a seller from my homeland. If I want that name, I want it. nothing else matters.

    Go figure, I am the only one who voted yes so far LOL

    But it really doesn't matter to me overall, If I want the name, I will pay the same to anyone, countries, religion. race, how rich or poor they are, none of that is on my agenda, only acquiring that domain name.
     
    Last edited: Feb 27, 2019
  5. topdom

    topdom Top Contributor VIP

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    Why do you need such a transparency if you don't care about it.

    Can an American buy a domain from Iranian domainer? That person would think: If I buy this domain I can be in trouble. How would Sedo benefit from discouraging buyers from making offers, or reasoanble offers:
    there is only one explanation, they might be trying to liquidate their own domains. There are many hints suggesting that this might be the case.
     
  6. Domain_savvy

    Domain_savvy Established Member

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    The location of seller may have effects in negotiation and can alter perspective towards the sale.We are all human and have our own belief set laid due to different demographics.
    Sedo revealing the location data looks biased to me as we dont get any location info of interested buyer,do we?
    IMO value should be based on the domain name and demand.SEDO's processes should be implemented to stick around that.I am not aware of any data which proves that the sellers location contributes to deciding domains value(domains use to an end user) and SEDO should not play with it because it affects the decision of buyer and can add complexities in negotiations.
     
    Last edited: Feb 27, 2019
  7. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    It has never altered a buy or sell with me, I have bought and sold domains from China to Scotland and places inbetween. Never an issue.

    It is the buyer responsibility to do the reasearch on a name as far as the history and if it may be stolen or not.

    I never care if the buyer or seller knows my exact location to be honest, it makes no difference in the end result, and has never played a factor in any sales or buys I have ever made.
     
  8. Larion

    Larion Established Member

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    @Sedo should remove the following information from the Detailed-Pages:

    - Seller Country
    - Seller Active Since
    - Seller Required to pay VAT



    This information is counterproductive for a Seller and should not be displayed at all.
    This information also does not give much "added value" to the buyer.

    I think a domain-buyer would rather want to know more information about the "Domain-Name" itself, like e.g. the "number of searches per month" for the specific domain or the contained keywords. Unfortunately, this information is not displayed at SEDO (at least not really visible).

    I have listed all my domains at SEDO, but the display of the information like "Seller Required to pay VAT" and "Seller Country" is quite annoying.
     
    Last edited: Feb 27, 2019
  9. alcy

    alcy Top Contributor VIP

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    I'll speak only from sellers perspective.. so "is it useful to see buyer's info"... I don't care much for the other way round as I rarely buy on aftrmarket.

    its an amazing idea to show some min info on sedo.. or all other markets.

    country is okay and mildly useful.

    date joined a given market is super useful.

    as is a little activity bar like on sedo.

    this is extremely helpful for sellers who try to decide their chances of getting a non paying buyer before they counter or accept.

    cheers.
     
    Last edited: Feb 27, 2019
  10. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    Knowing that the seller is paying the VAT is productive to end user buyers IMO, many people don’t know what other fees they may incur when buying a name on a BIN. So VAT let’s them know they won’t need to pay a fee to the marketplace when purchasing.

    I do agree that vital status of a name to include TM status and ect would be very beneficial and productive for sellers.
     
    Last edited: Feb 27, 2019
  11. EbookLover

    EbookLover Top Contributor VIP ★★★★★★★★★★

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    If it's a private sale, yeah, I wanna know who I'm dealing with and from where. I have freedom of association regardless of what govt tells me differently and I also have the right to protect my financial well-being.

    If marketplace where marketplace is conducting the transaction? Silly
     
  12. topdom

    topdom Top Contributor VIP

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    Suggestions for improving Sedo.

    1-Seller's bank's country shouldn't be shown.
    If you want to tell people whether there is a VAT issue, do this without mentioning the country.

    This is the most important thing, because even when domains are not parked at Sedo,
    buyers have to see that info before making an offer.

    2-Create an option to show a for sale landing page, instead of parking page.
    2a. Let sellers decide which domains get no-click ad parking (when allowed).
    2b.Make "this domain is for sale" link larger.
    2c. Allow more text on offer page.

    3. Don't mention that renewal cost can be high for some new tld, when renewal cost is in 2 figures or less.

    4. Don't discourage people from placing a bid.

    5. Show visitor IPs, bidder IPs. Sellers with programming skills can already do it themselves. If not for US visits show state; show today's visits' locations.

    6. Don't show minimum offer of 90 US, unless set by sellers. Otherwise buyers think, 90 usd would be accepted but the more the better. Instead show a warning for lower bids: Sedo doesn't allow bids below 90 usd, there is at least 60 usd commission sellers have to pay. This is obviously more important than the VAT excuse.

    7. Email forwarding: Sedo can decide to catch all emails of parked domains for themselves, and maybe sell them. Those emails should belong to sellers.

    8. Search functin should be improved. I search for alternate, I'm shown surrogate . .biz is never shown. Tld of the month is always .com. It should rotate. I think at the beginning of last year it was .info, but I'm not sure. Ok, there is a limited pool of buyers, but you can sell more than one domain to each. If a premium .biz is listed you can inform all past buyers of that keyword about it.

    9. Let users decide whether Estibot estimate can be shown to buyers. This would be great when asking price is below its Estibot estimate. Godaddy price can also be shown. Just mentioning Godaddy can look positive to some buyers.
    9a. If there is more than 2 fold ratio between Estibot and Godaddy valuations don't show both simultaneously.

    10. Work on weekends.
     
    Last edited: Feb 28, 2019
  13. topdom

    topdom Top Contributor VIP

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    An alternative: Sedo can show a listing ID, and it can start with area code of the country. In this way a domain person can know the country but an enduser wouldn't .

    I think domain sales can be used to transfer money from one place to another. Maybe it is already being done. So a marketplace can be a good washing machine. But such activity can't be discouraged this way. Buyers and sellers would be the friends already, and not affected by this location info.
     
  14. Larion

    Larion Established Member

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    Unfortunately @Sedo is also setting the "Offer Views" back to zero at the beginning of each new month.

    So if a potential buyer is visiting the "Detailed Page" at the beginning of a month, he will see a very low number of "Offer Views", which is counterproductive.

    Suggestion:
    - show "Average calculated Offer Views per month" (do not re-set the number of visits to zero at the beginning of each month).
    - show "Average calculated Offer Views per year" (average monthly number multiplied by 12).
     
    Last edited: Mar 3, 2019
  15. JB Lions

    JB Lions Top Contributor VIP ★★★★★★★★★★

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    As a seller I like it, I Iike any information I can get. I do more direct nowadays where I can get the person's IP and that helps. Recently had an offer that turned into a sale on one of my New Zealand names, the IP showed the person making the offer was from New Zealand. I knew I had more leverage, coupled with the fact they came to me.

    Sedo also gives the persons address when they don't pay if you ask for it. Had that happen recently, the past as well.

    edited to add - I also like that Sedo shows the sign up date. If they're new, they're more likely to be an end user. Used to have a Voodoo, link to Sedo setup. If they've been there awhile, most likely a domainer. So that information helps as well in negotiation.
     
    Last edited: Mar 3, 2019
  16. poweredbyme

    poweredbyme Webmaster & Entrepreneur VIP

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    One of the reasons of why namesilo is the best marketplace.
    Buyer and seller don't know anything about eachother, no name, no email, no address at all. You know nothing about who you are dealing with. Do you know another markeplace like this?
     
  17. JB Lions

    JB Lions Top Contributor VIP ★★★★★★★★★★

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    Godaddy.
     
  18. topdom

    topdom Top Contributor VIP

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    Epik.

    People say Dynadot, NameCheap, Uniregistry have their marketplaces as well. but I have no experience with their marketplaces.

    A small bad thing about Epik: Not much space given for text, and there is permanent text which you can't modify and it creates duplicate content in Seo sense, and it is not very convincing either. Good thing: you can post one image.

    Sedo and Afternic have partners, this is why they sell more, and I list there, but I prefer direct sales at registrars whenever possible. Domains listed on Afternic appear on Godaddy? No. Maybe some.

    Bad thing about both: No visit tracking.
     
  19. poweredbyme

    poweredbyme Webmaster & Entrepreneur VIP

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    Sedo, Afternic and similar platforms with partners make more sales mostly if you have BIN. My solution is that I set high BIN prices at those places and use registrar's or my own custom landing pages to collect offers. Serious buyers usually visit the domain.
    Tracking is possible at namesilo and your hosted custom landing pages. However don't rely on tracking. There are many privacy plugins that bypass stats. If reliable tracking is critically important for you, I would suggest using piwik on hosted landing page.
     
  20. poweredbyme

    poweredbyme Webmaster & Entrepreneur VIP

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    Sorry forget about piwik. It looks like it's no longer open source. I used it when it was open source.
    Alternatively you can use wordpress + statistics plugins.
     
  21. topdom

    topdom Top Contributor VIP

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    Why Godaddy?
    Can you list domains which are not registered there?
     
  22. topdom

    topdom Top Contributor VIP

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    edit.(cant delete self reply)
     
    Last edited: Mar 4, 2019
  23. JB Lions

    JB Lions Top Contributor VIP ★★★★★★★★★★

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    They asked which marketplace "You know nothing about who you are dealing with."

    You have no idea who's bidding/buying. That would be GoDaddy, no idea who I'm bidding against or who I sell a domain to, etc. Of course you would know the domain at all the marketplaces and can do some checks on that.

    "Can you list domains which are not registered there?"

    Yes, I think there is an extra verification step.
     
  24. poweredbyme

    poweredbyme Webmaster & Entrepreneur VIP

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    In my opinion there is a high demand for semi-anonymous domain marketplaces that work with Bitcoin. Sellers from poor countries are not only disadvantaged for revealing their countries, but also for absence of crypto payment options. Paypal does not work in full in poor countries. On the other hand sellers and buyers from normal and rich countries demand more privacy and anonymity as they being watched 24/7 by companies and their governments.
     

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