Sick of $60 Sedo Offers

[domainhacks-931385]

We are pleased to inform you that a potential buyer has made an offer of 60 USD for your domain

Pleased? 10 bucks? That's less than a renewal cost. Not sure why this is still allowed as an option.

 

[FPForum]

I agree that Sedo shouldn't even have 60 as an option...but, the only way to completely prevent it is to set a minimum offer. Sucks!

 

[Traveler]

It is kinda annoying but you can raise the minimum someone has to offer.

 

[Kate]

Annoying but probably better than no offer at all :D

 

[inforg]

Respond with six figure counteroffers on those.

But seriously, fixed price or setting minimum offers will end it.

 

[alien51]

Just treat it like a buzzer, letting you know that someone actually gazed their eye on your domain.

It's also a ploy to make you reveal how you price your domain with your counter offer.

If you counter a 60 bucks with a disproportionately large number, it means you are upset and you think your domain is moon rock.

If you counter up to about 300 bucks, it means you need the money and you probably could settle half that price.

 

[Kate]

I don't like to set a fixed price on every domain, I want to keep some flexibility depending on the circumstances.
And I don't see the point of the minimum offer, as a buyer I would assume the desired price is quite near. If the seller replies with 20 times the amount of the minimum offer, I would just walk away in frustration.

Now I just process the $60 offers in bulk once per day. Motivated sellers will increase their offers, cheapskates will not

 

[dom-]

It's just business

 

[Nattydomain]

When I get them (the offers) for $60 I wonde why they just dont ask me via email instead. It is not like it is private. I rather use SEDO as the store and handle the deal "in the back"

 

[equity78]

There are a few schools of thought at work. Not everyone is going to subscribe to the same philosophy.

You can use the $60 offer and reply and hopefully get another offer even if the deal does not go through. Sedo will show this as 2 offers on the domain. For some buyers that does matter, I have spoken to guys at VC firms and I even think Kevin Rose (Digg.com) once wrote when looking for a short 5l.com he only looked at names that had previous offers.

My one contact at a VC firm told me they used this as a filter as in their (inexperienced as a domainer) opinion, names with no offers were probably not worth a lot.

You can also go the other route and just make the min $250, someone moving up to that level for an opening offer is more likely to be serious. Not always, but usually.

Fixed price is good for names that you have a good handle on the niche. But fixed price on a brandable which really needs the perfect buyer, can take away your chance for a bigger hit. Maybe you can get some kind of intel on the buyer or search your name on Google and look for any mentions. That is your chance to maybe get more than your thought. The same goes with future tech, someone at a conference announces a new tech breakthrough and you got the perfect name you don't want it fixed price for $888.

Its always frustrating to get $60 but try to use it as a plus to tout the number of offers on the domain. It could payoff later for you in selling the domain for a much better price.