domain WOOII!!! Got My First Offer On Sedo!! Advice Needed.....

[competentdomains]

It is a 6 letter word .com name, with the first letter i, as the usual internet-short-prefix. The other word is first a 4 letter word which is a technical or/and branding term within the internet telephone market. The last letter is a stylistic -e. ´

I also have the same domain name but with e in the beginning. Probably the person who gave an offer doesn´t know that and the person might be interested in that domain too, since they are so alike.

Should I write the domain name here so that you guys can give some advice what it may be worth, and that I then tell what bid I got? If I should do something more to get more bids, to put in on auction on sedo or pay for an auction listing or else? I have no Sedo experience so I would appreciate any best advice.

 

[Neticulis]

congrats man! cant wait for my first offer.

Definitely let the guy know about the other domain... Maybe offer him the other for half of whatever he ends up paying for this one, if he buys the two? might be an incentive if he doesnt want to buy both right off the bat.

Also let it go to auction in my opinion, some folks may not know about it, that would pay more!

again, congrats on the first offer! Just keep your fingers crossed that he is a PAYING sedo customer :P

 

[Damion]

It would help for people to give their opinions if you could post the domain.

Post it like: I - D - O - M - A - I - N .com
And your current bid.


Congratulations on your first offer

The last letter is a stylistic -e. ´

It sounds to me you have an end user bidding on your domain.

 

[competentdomains]

Thanks for replies!

Yes I think it is probably an end user so it may be an opportunity. But sofar I should not take things too much in advance, I´d better not.
A bidder on Sedo won´t get the domain until he pays or what? A long time ago since I read their rules.
Have there been people who have pushed away their domains and then no cash?

The name, here with spaced letters, is:

i.... V o i p e . c o m

Before I tell the present and first offer, I would appreciate some estimations by you, what worth/offers can be realistic?

And i also have
e.... V o i p e . c o m

I am just now in the doing of a logo and putting up a simple page on that domain.

I also thought of starting an auction and then write to voip companies
that don´t have any good names already, or having similar names, telling them that an auction has started for this name to put some pressure obn them. I will probably wait a couple of days until I start the auction, at least til I know to which companies I will writing to, with a direct link to the domain´s page at Sedo.

 

[Damion]

Thanks for replies!

Yes I think it is probably an end user so it may be an opportunity. But sofar I should not take things too much in advance, I´d better not.
A bidder on Sedo won´t get the domain until he pays or what? A long time ago since I read their rules.
Have there been people who have pushed away their domains and then no cash?

The buyers money is placed in Escrow before you transfer the domain so you wouldn't have any risk losing your domain without being paid.

The name, here with spaced letters, is:

i V o i p e . c o m

Before I tell the present and first offer, I would appreciate some estimations by you, what worth/offers can be realistic?

It's hard to tell as always what in the end a domain is worth to the bidder, more important question what is it worth to you?

The domain(s) are little over 6 months old and i don't see any solid resale value in them, so if you have the chance to sell them i would definitely sell them even if the price does not exactly matches with your expectations.

Ask yourself what can you do with the proceeds you get from the sale?
Can you use it to develop something further of your own?

Resellers wouldn't probably be interested in the above domains - i wouldn't though, and only end users have a use for it.

With that said, there are other options out there to host your website on that can be just as brandable so i would be very careful in countering, don't counter with a overpriced offer of your own. Because that will probably scare them of.

I'm guestimating here but i think you have received an offer of near $200 - $300.
If that is the case i would counter with 600 and make a comment that in the sale you will include the e version as well for them.

Perhaps you'll will receive a counter offer of 500 or less and if i where you i would sell it then.
Or if you really can't afford or don't want to lose the sale and if the current offer is a pretty decent offer for your future plans, then i would sell right away.

Don't fall in love with your domains and in this case don't count on a lot of future interest.

2 cents.

I am just now in the doing of a logo and putting up a simple page on that domain.

Why so much trouble?
No need for that.

I also thought of starting an auction and then write to voip companies
that don´t have any good names already, or having similar names, telling them that an auction has started for this name to put some pressure obn them. I will probably wait a couple of days until I start the auction, at least til I know to which companies I will writing to, with a direct link to the domain´s page at Sedo.

The longer you wait to send the domain to auction the less time you have for the actual auction.

The moment you received your first offer is when the time starts for the auction should you actually send it to auction.

Example: Received an offer today and wait 3 days then 3 days less for you to have the domain in the auction.

 

[competentdomains]

The offer was the same as my price, £ 270. Pounds. So I cannot counter with a higher price. But, I can increase the price on the e v o i p e and then inform the bidder about that one.
I used pounds because I thought, it might look better as most think of dollars first and get a cheaper impression than what it is :hehe: , a pound is nearly twice as much as a dollar here so the offer equals near $500.

Yes I put it to auction immediately, thank you for the advice.
I will however look up voip companies, and give them a link to the auction.

Added:

When searching for "i v o i p" Google provided 2000 results and for
"e v o i p" 14000 results. I set the price to £700 for the e v o i p e . Maybe it´s totally unrealistic but if the bidder has any interest at all he will say.

 

[Damion]

I think you're always allowed to counter - even if you have placed a fixed price. It's not the right thing to do but i have seen instances on the forum reported that someone placed a bid matching the asking price and then received a counter offer.

Then asked Sedo about it and Sedo replied that a seller can always at any time counter.

You have received a very nice offer and as of now it is already a good result :imho:
Perhaps with the auction you may receive further bids.

Nice sale if you ask me

Invest it back in something else, buy a nice domain with some traffic and develop it to whatever the domain's topic is geared towards to, as long it's commercially viable then before you know it you're making additional revenue you can work with again.

Congratulations man!

 

[competentdomains]

Thanks greatly again for comments!

I guess I could answer:
Thank you very much for the offer, I have now decided to put it on auction but i may consider a sale directly for a higher offer.
I also have another domain which is very alike this one .. bla bla...

Will that do?

 

[DomainMagnate]

If the domain isn't worth much by itself, e.g. no reseller value, don't put it on auction - make a counter offer instead and close the sale somewhere in between.. If its a good domain and you think it will get more bids - auction it.

 

[WORDSWORTH]

I would personally accept this offer immediately. I have read many times about non-paying Sedo bidders. Why risk losing your sale starting an auction when £270 is already a great price for this domain and matched your price expectation?

A counter-offer is also risky. The buyer could refuse, cancel all negotiations and walk away. I have done this as a buyer at Sedo when the seller countered with an inflated price.

Matt.

 

[competentdomains]

Michael, did you see above, the name is

i - V - o - i - p - e . c o m

It´s short, sweet, sexy and.. no just joking.
But why not put in on auction, what would I loose? The bid is still binding if noone else gives any bid.

It is a straight end user name, I will, if I put it on auction, which is to be done as quickly as possible, then contact other voip companies. I could make a letter email and send it one by one to the marketing dept to each of the companies with a sedo link provided. These companies know, that if they don´t buy it, someone else will.

Added:

What if I put it on auction now immediately and then looks if something happens, if not I answer the present bidder tomorrow saying yes take it.

Or if he´d know it´s on auction he would give a higher offer by himself.
After all, he offered the price I requested ie he is probably really wanting the name.

 

[jacal1]

sometimes buyers walk when you send a name to auction...yes, they are not supposed to, but it happens. Buyers remorse a little early or something...

 

[Damion]

Matt makes a very good point...

But why not put in on auction, what would I loose?

You may lose the sale completely if you get a fake bid higher then the bid you have now and the person that has placed this great offer on your domain is not willing to go higher, thinking that there are other options available as well.

Which there are...

At this point, with the price you have now i would say SELL - accept the offer - and you now have a two to one vote count so you're obligated to sell now - forum rules :p

But seriously, accept this offer as most likely you will never get a similar offer again.
Use the money to proceed with other ideas.

If the sale is complete you can always send them an offer with the e version of the domain to be sold.

Sevenhundred pounds is to be honest quite unrealistic, accept the offer, complete the transaction and follow up later on with the e version of the same domain, but not offering the domain for 700 GBP though of course.

This way you will always have something in hand.

Better to have one bird in your hand then ten in the sky if you know what i mean?

So sell right away is my advice!

Added:

What if I put it on auction now immediately and then looks if something happens, if not I answer the present bidder tomorrow saying yes take it.

Or if he´d know it´s on auction he would give a higher offer by himself.
After all, he offered the price I requested ie he is probably really wanting the name.

It doesn't work that way, once in auction you can't reverse it like that. You have to let the auction play out, you can't control that by the way.

Sell it!

Who votes sell it?

2 votes to sell as of now.

 

[DomainMagnate]

Michael, did you see above, the name is

i V o i p e . c o m

It´s short, sweet, sexy and.. no just joking.
But why not put in on auction, what would I loose? The bid is still binding if noone else gives any bid.

.

true, but you never know with sedo, you can easily lose the buyer, he can buy another name within a name and even though bids are binding sedo is known for a large number of non paying buyers.
I would try to sell it right away for as much as he's ready to pay. Do some research and make a counter offer, then close somewhere in-between.
But that's just my opinion, I don't think it can get any higher bids on an auction.

That's just my opinion though, good luck

~MG

 

[jacal1]

3rd vote for sell.

 

[Krossat]

Definately Sell It!!!
and congrats for the offer

 

[-Raja-]

sell it, trust me its the best option in this case

 

[competentdomains]

I have sent the message that I sell so now just wait and see.

What estimated percentage of Sedo buyers don´t pay, any different views?