Great Sedo Description

Elliot Silver
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11

If you have domain names listed for sale on any of the major platforms, you’ve probably received many lowball offers. Whether people are uneducated about the value of good domain names or they think they can get a great price by playing the “poor” card, it seems that there are always going to be ridiculously low and uneducated offers.

I was browsing through some domain names at Sedo, and I came across the sale listing for DAR.com, which is obviously a high value domain name. While contemplating whether or not to submit an offer, I saw the seller’s description and wanted to share it with you because I think it is great.

“We receive numerous very low offers on some of our domains. Please do yourself and the domain community a favor and educate yourself on the value of short domains before wasting our time. If you’re a ‘small business owner’ – ‘poor student’ or the ‘very poor startup company’ do not even think about contacting us.”

I am not sure if that description / disclaimer is working, because according to Sedo’s domain statistics, DAR.com has previously received 229 offers. This figure does include negotiations, so if someone made 5 offers in a negotiation, that would be counted. It likely counts the number of offers received prior to putting up that message.

One way to prevent these lowball offers (aside from a great disclaimer provided by the seller) is to set a minimum offer price. It does not appear that the owner has done that, so every $60+ offer that is submitted goes through.

In any case, I thought the disclaimer was funny and wanted to share it with you.

Sedo May Great Domains Auction Picks

Elliot Silver
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0

Sedo’s monthly Great Domains auction for May is concluding in a few hours, and there are 233 domain names up for auction this month. At the time of this post, just over 100 of the auctions have bids on them, although many have not yet hit their reserve prices. There are quite a few ccTLD domain names in this auction.

I want to share 5 of my favorite domain names from this auction, with the reserve price range taken into consideration. I may bid on one or more auction.

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Being Spiteful Cost Me Money

Elliot Silver
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26

I haven’t shared this story before, but I might as well share it with you. It’s a story about how my being spiteful cost me money. Probably a considerable amount of money. I am not going to share the domain name because I don’t think it’s polite to reveal private negotiations without the other party’s permission.

I saw a solid .com domain name on Sedo  in 2011, and I made a $500 offer for the domain name. The domain owner counter offered at around $1,500. I decided to try my luck again and I offered around $700. The owner countered at around $1,000.

Each counter offer brought us closer to an agreeable amount for us both, and figuring that we were getting close, I offered

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My Favorite Type of Sedo Listing

Elliot Silver
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10

Sedo Sales Price

As I’ve discussed in the past, there are a number of ways people can list domain names for sale at Sedo. They can request offers, post a “listing price” that doesn’t have to be in the ballpark, they can have a buy it now sales price, and they can also have my favorite type of Sedo listing, which I’ve shared an image of above.

There are a couple of things I like and respect about this type of sale listing.

First, I can buy it for the listed price, no questions asked. I don’t have to inject myself into a possibly frustrating negotiation, and I don’t have to hope that the buyer honors the price he is asking. If I click the buy now button, the seller and I are locked into a contract, and I can take him to court if he backs out.

Second,

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Frustrated With Sedo’s “Listing Price”

Elliot Silver
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36

Sedo Listing Price

There are many things I like about Sedo, especially the people who work there. Two things frustrate me about the platform. The first point of frustration is the send to auction feature that I wrote about before. I strongly dislike that someone can make a private negotiation public, allowing others to participate. Others have like it, especially sellers, so that’s probably more of a personal opinion.

The second area of frustration for me is how Sedo’s “Listing Price” feature can easily be disregarded. When I see a Listing Price somewhere, I expect that to be similar to the asking price, which to me anyway, translates to what the owner wants for his or her domain name. I would expect this means that if I am willing to pay the listing price, that I will be able to buy the domain name. On Sedo sales threads

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Sedo and Domain Holdings Co-Broker 6 Figure Domain Name

Elliot Silver
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5

Sedo and Domain Holdings are two of the best domain brokerages, helping to broker millions of dollars in annual domain sales. More often than not, these two companies work independently on behalf of their clients.

Sedo broker Dave Evanson just tweeted that the two companies worked together to co-broker the domain name, Breathalyzer.com, which sold for $115,000. Dave Evanson worked with Steve Smith from Domain Holdings to secure the deal.

The transaction is still in escrow at Sedo, so the buyer isn’t yet known. The seller appears to have been longtime domain investor Roy Messer.

It’s great to see companies like Sedo and Domain Holdings working together to help their clients close deals. I am sure all parties are happy with the outcome of this transaction.

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