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Excellent additional feature added to the mix....

An easy way to buy with confidence...

sedoauctions.com

Domain Informer : Sedo Introduces Online Auction Model to the Domain Name Marketplace

Well done.

sedo

I just logged in to post about this.

Here is another Press Release concerning Sedo's auction below. Please note that we are offering a special offer for domains which are submitted for the auction before 24th October. Domains submitted before this time to broker@sedo.com will have a 3% transfer fee (normally 10%). If you have a premium domain you would like to have auctioned off and only pay 3% transfer fee, please email the domain to broker@sedo.com before the 24th of October. You can learn more by visiting sedoauctions.com

Here's the Press Release:
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Sedo.com LLC plans to introduce this week an auction service for domain name sales, a company executive said Monday.

Jeremiah Johnston, COO and general counsel for the online marketplace for buyers and sellers for domain names and Web sites, said the new seven-day auction platform will augment a traditional model, where domain names are posted on the site for sale and price negotiated.

The eBay-like model aims to satisfy requests by businesses, as well as professional investors who purchase high-ticket domain names each year.

"Domain names will be put up for sale using the traditional model," Johnston said. "Someone who has a domain name receiving multiple offers from multiple parties can push the sale to our new auction model."

Sedo boasts six million domains for sale on the site, and more than 500,000 users worldwide, who collectively spent more than $25 million to purchase domains through the marketplace in the past year.

CollectiveX.com founder and CEO Clarence Wooten Jr. has bought and sold names. "I think auctions for domain names offer a viable business model, especially when you're trying to reach a large market" he said. "Today, literally any name you can think of has been registered. So if you're looking for a particular name, someone likely already owns it."

Similarly, Blogger Anthony Citrano owns a small portfolio of domain names. Two years ago, he tried auctioning one on eBay, and would likely not go that route again, but rather look for a site that could assist in the sale.

"What makes the auction site for domain names attractive is when the company co-markets the domain name with you because it provides increased visibility," Citrano said.

Citrano, who has bought about 100 domain names, and sold 25, in the past 10 years, said an auction would pull in buyers that otherwise might not encounter the sale, which is likely to drive up the asking price.

"If you're going to buy domain names, one-syllable names typically do the best to bring in the most money," he said.

Some of the domain names Sedo expects will use the auction feature when the service goes live later this week includes Portals.com, Maid.com, Nerd.com, and Janitors.com. Johnston said some of the top sellers this year have been Bike.com for $500,000; Blue.com, $500,000; WiFi.com, $225,000; and Nasty.com for $200,000.

"The value of these domains can be re-earned quickly," Johnston said. "If you were a WiFi router manufacturer and wanted to buy all the traffic that goes through the keyword WiFi in Overture on the Yahoo network, the amount of targeted traffic going through the domain would pay for itself within two years."

Johnston said popular domain names also include those related to online services, such as travel, video games, and music.
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Kind regards,

Brad
brad.tilley@sedo.com

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http://www.sedo.co.uk joanna.birch@sedo.com

pred

Hi Brad,
been reading about your forthcoming auction programme. great idea!
what's not clear to me is can you set a minimum price?
i see the plan is later on for people who get offers to include it in an auction to drive the price up, but if initially placed, do you/we set a start price or reserve price? or neither. thanks, Pred

olebean

what are the costings etc

retired_member9

Everything is in Sedo's style!

I have domain which received 10 bids in the past few weeks.. maybe all from one buyer -- it doesn't really matter. I just don't want to sell as have high expectations of it.

Instead of cancelling last bid again, I thought it might be a good idea to try new auction feature.. e-mailed Sedo and:

So what Sedo calls "move forward" is in fact "move backwards", as
current bid is $5,616 _without auctioning_ and I'm puzzled what kind of performance Sedo experienced brokers are talking about, as it's clear there is no performance at all -- domain has no traffic, but it's a brandable, memorable .com with a huge development potential.

Maybe Sedo wants to lure buyers to their Auctions launch by listing lots with undervalued names? Pheeewww...

pred

mmm, liked the sound of the idea earlier, few cracks starting to appear.
mind you they only regged the sedoauctions domains on 25th sept.
hopefully they can get back to us on these few points.
price. ie: no sale no fee
minimum selling prices.
etc
must admit it's crazy what they've said to you vizzy. i'm sure Brad will sort it out for you. give him pm. sounds like a great domain you got there if biddings that high already. the auction process may really help you , as long as you can have a sensible starting price. ie. at least what it's at now!
Pred

grantw

I'd say they're more like craters or mini canyons across the board. Have they sacked all their staff or something, this Brad chap is the only one who seems to know what he's doing?

Grant

__________________
Domain Brokerage :: Bulk UK Whois :: Property Insurance

retired_member6

I'll wait for the costs before judging. Hopefully they'll make do with their current revenue stream and use the auction system to boost the value of those but somehow I doubt it...

olebean

This appears more about sedo and it increasing revenue etc...

wwwdomain.name

This is a great idea in my book as a name can now be exposed to other potential buyers that may well see current offers as a premium...

Hitherto, names under offer were not available for others to openly bid on with that foreknowledge...

Can only be good for all three parties - sellers, buyers and sedo...

Why?

Sellers - opp. to reach higher 'close out' prices...

Buyers - opp. to see a name, currently under offer, that may not have been brought to their attention previously...
Possibly trading at a premium...

Sedo - multitude of reasons but essentially, because business IS business...