I don’t sell many domains. For the most part, I enjoy developing them and monetizing the traffic. I recently acquired a few from Snapnames, though, that I wasn’t crazy about, and decided to test the waters with ‘em over at Sedo.
Luckily, for one in particular that had a fair amount of backlinks and consistent traffic, I received an offer within the first 40 days.
I’ve never sold a domain through Sedo, so I was a little hazy on the rules..
My first understanding was when the bidder placed and offer, I could either accept or reject. My second conflicting thought was when a domain receives an offer above it’s Min Bid, it would be placed immediately into an Auction.
I was correct, in a way, on both.
Here’s what happens (or at least happened in my case)
When I received an offer on my domain, Sedo emailed me a notification, and lead me to a page with several options I could choose. Four (4) Options in total, actually.. they were:
Option A: Confirm the Offer and Sell the Domain
Option B: Make a Counter Offer
Option C: Start a Public Auction
Option D: Decline Offer and Cancel Negotiations
(screenshots shown below)
don’t see a need to break down these options and what they mean, as they seem pretty self-explanatory.
just wanted to provide this example for anyone out there attempting to sell domains on Sedo..
(what did I choose? I accepted the bid - didn’t want to risk losing this bidder. I may be a bit more daring next time and throw it into an auction.)
This entry was posted on Friday, June 29th, 2007 at 2:57 pm and is filed under Tips & Tricks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Hi Red,
I would like to add to your Sedo tutorial if i may.
Sedo’s commission is 10% with a $50 minimum.
But if you Park your domain at Sedo the sales commission is just 10% with no minimum.
In Red’s case the sales price was $500 so the commission would be the same whether
the domain is Parked at Sedo or not.
If you have domains that you expect the selling price would be below $500 it might be a
good idea to park the domain at Sedo.
This strategy is good if you are listing your domains at other sites like Afternic
and Moniker’s Domain Marketplace as there commission is a straight away percentage rate
whether your domain is Parked with them or not.
I’ve used this strategy for .info and .ws domains at Sedo with success.
Patrick
Patrick
great insight, thanks for sharing Patrick