Selling a .co.uk domain name via Sedo

sedo · 27-01-2006, 02:00:04 PM

Hi Guys,

Aqls: I can certainly get the powers that be to change things on specific pages, but changing anything on the front page is nigh impossible. The higher-ups don't like to change the front page at all. Believe me, I've tried. Remember also that this 100 figure doesn't just apply to .co.uk's, but also to .fr, .es, .se, etc., and all of those related front pages would have to be updated too.

LeeOwen: I think the reason an option like that has not been implemented (and will most likely not get implemented in the near future) is because if available, every seller would choose this option, and would essentially get to list their domains on sale at Sedo for free. As for the minimum bidding level, you can set minimum bid levels on all of your domains, or we can set those levels for you. But you do bring up a good point, setting your minimum bid price too high can scare off buyers. I've seen this more times than you can imagine: someone starting off with a bid for $60, and upping it through the course of negotiations to $10k, $20k, and higher.

But please, both of you and anyone else, keep the suggestions coming.

Ash

olebean · 27-01-2006, 02:14:20 PM

Quote:

Originally Posted by sedo

I think the reason an option like that has not been implemented (and will most likely not get implemented in the near future) is because if available, every seller would choose this option, and would essentially get to list their domains on sale at Sedo for free.

Ash

Currently, domains are listed foresale on Sedo for free??

I can't see it happening anyway "it wouldn't be politically wise", hiding the fees and letting the buyer and seller thrash it out distances sedo from the issue. LeeOwens comments sums it up, he just didn't know and the terminology didnt help

aqls · 27-01-2006, 02:20:51 PM

Quote:

Originally Posted by sedo

Hi Guys,

Aqls: I can certainly get the powers that be to change things on specific pages, but changing anything on the front page is nigh impossible. The higher-ups don't like to change the front page at all. Believe me, I've tried. Remember also that this 100 figure doesn't just apply to .co.uk's, but also to .fr, .es, .se, etc., and all of those related front pages would have to be updated too.

But please, both of you and anyone else, keep the suggestions coming.

Ash

Would the "higher ups" listen to you if you said that you saw an ad on the front page saying "no minimum commission" and that someone pointed it out to you and said that it wasn't true but that Sedo did charge commission and that people would think that you weren't charging commission but in fact you were?

Do you think they might listen if you said that?

-aqls-

sedo · 27-01-2006, 02:21:43 PM

Olebean,

It is of course free to list them for sale. But everyone who lists them knows about the fees if a sale is concluded. The fees were what I was talking about.

Ash

bb99 · 27-01-2006, 02:23:39 PM

Quote:

Originally Posted by aqls

... an ad on the front page saying "no minimum commission" ... it wasn't true but that Sedo did charge commission

I think the Advertising Standards Authority would take a dim view of this!

retired_member6 · 27-01-2006, 02:25:35 PM

Re 'buyer pays fees' I meant transfer cost on sales not the 10%. I should have made that more clear. Most sellers would include the 10% anyway I would think. But then the seller paying the transfer fee probably ensures less hold ups on the buyer's side.

I started at a price on one today and was trying to work out the 10% which would leave me with the initial counter off haha, I just included it in the end claiming too much hard work to figure it out. So they've already got a bargain

I didn't think a seller could up a counter offer once it had started? and I think a general minimum bid would make more sense than individual minimum bids, for if I saw a minimum bid amount I'd take that as a gauge of price rather than a starting level. But if it was as standard to cover the �130+/- costs, I don't think that would be too bad.

I've only had a handful of offers outside of sedo and within, but I'm slowly getting to grips with it. I didn't want to start using minimum bid techniques or disallowing low offers as I need to learn. I've already lost one private sale worth �1000, reason unknown at present and two others which were too low as they didn't appear to understand sedo's fees.

I've got a possible serious interest going through the bidding process now, we'll see what happens, all costs factored in, thankfully �35.25 isn't a problem this time. I don't wish to pay for an appraisal yet as I'm not too convinced they work at the present time so I'll have to go with my better or worse judgement for now.

Cheers
Lee

aqls · 27-01-2006, 02:26:14 PM

imagine having a company like that negotiating big figure sales for you . . .

-aqls-

olebean · 27-01-2006, 02:40:25 PM

Ash

Thanks for the reply.

It was nice to see you missed the context of my reply.

Your view on free listing was spurious and pointless in summarising your points, it didn't do you any favours either.

While there isn't a credible alterative to sedo, most of us will have to blow hot air and suck through our teeth at the fee's. sedo charge.

Happy days guys!

fred · 27-01-2006, 02:48:41 PM

As I see it, there are a few different aspects to Sedo that people feel are unfair and/or misleading.

1. The Exchange rate issue.
Charging a different fee depending on the currency the domain is sold in is unfair.
�100 is approximately �146 or $178
$100 is about �56

2. The bigger fees for UK domains
You claim that uk domains take more work yet it is never explained why. As I understand it, these are the steps required:

.com�s
1) sale agreed
2) buyers sends money to sedo
3) buyers registrar requests transfer
4) admin contact agrees transfer
5) sedo pays seller

.uk�s
1) sale agreed
2) buyers sends money to sedo
3) seller sends paperwork to buyer
4) buyer completes paperwork and sends to Nominet
5) Nominet update records
6) sedo pays seller

Hardly difficult or time consuming for sedo?

Also, as per the exchange rate issue, if you can do this for $100/�56 why can�t you do it for �50 anyway?

3. The "no minimum commission"
If you say "no minimum commission" then you need to charge "no minimum commission" OR change it to a more specific message.

4. The Nominet fee
You obviously know the domain in question for any particular offer. It therefore would not be impossible to have a �buyer pays Nominet fees� option to tick or somehow select.

5. Let the buyers know about the fees.
If a buyer knew that a minimum �100 fee was being deducted from the price, they would understand why many sellers are reluctant to sell even mediocre domains for �150.

aqls · 27-01-2006, 02:51:30 PM

They have also not helped out with VAT issues in the past.

They have promised to change it but I don't see any change in the last months.

Sometimes it is not obvious to the buyer that the price includes VAT, even though the small print says it does.

It can become a very big issue, especially when Sedo don't even understand the problem.

-aqls-

27-01-2006, 02:00:04 PM	#61 (permalink)
sedo Sedo Staff Join Date: Aug 2005 Location: High Holborn, London, UK Posts: 1,055 No Classified Ratings Domain Trader Rating: (100% / 1)	Hi Guys, Aqls: I can certainly get the powers that be to change things on specific pages, but changing anything on the front page is nigh impossible. The higher-ups don't like to change the front page at all. Believe me, I've tried. Remember also that this 100 figure doesn't just apply to .co.uk's, but also to .fr, .es, .se, etc., and all of those related front pages would have to be updated too. LeeOwen: I think the reason an option like that has not been implemented (and will most likely not get implemented in the near future) is because if available, every seller would choose this option, and would essentially get to list their domains on sale at Sedo for free. As for the minimum bidding level, you can set minimum bid levels on all of your domains, or we can set those levels for you. But you do bring up a good point, setting your minimum bid price too high can scare off buyers. I've seen this more times than you can imagine: someone starting off with a bid for $60, and upping it through the course of negotiations to $10k, $20k, and higher. But please, both of you and anyone else, keep the suggestions coming. Ash __________________ http://www.sedo.co.uk joanna.birch@sedo.com

27-01-2006, 02:21:43 PM	#64 (permalink)
sedo Sedo Staff Join Date: Aug 2005 Location: High Holborn, London, UK Posts: 1,055 No Classified Ratings Domain Trader Rating: (100% / 1)	Olebean, It is of course free to list them for sale. But everyone who lists them knows about the fees if a sale is concluded. The fees were what I was talking about. Ash __________________ http://www.sedo.co.uk joanna.birch@sedo.com

27-01-2006, 02:48:41 PM	#69 (permalink)
fred Join Date: Aug 2005 Location: Cumbria Posts: 907 No Classified Ratings Domain Trader Rating: (100% / 12)	As I see it, there are a few different aspects to Sedo that people feel are unfair and/or misleading. 1. The Exchange rate issue. Charging a different fee depending on the currency the domain is sold in is unfair. �100 is approximately �146 or $178 $100 is about �56 2. The bigger fees for UK domains You claim that uk domains take more work yet it is never explained why. As I understand it, these are the steps required: .com�s 1) sale agreed 2) buyers sends money to sedo 3) buyers registrar requests transfer 4) admin contact agrees transfer 5) sedo pays seller .uk�s 1) sale agreed 2) buyers sends money to sedo 3) seller sends paperwork to buyer 4) buyer completes paperwork and sends to Nominet 5) Nominet update records 6) sedo pays seller Hardly difficult or time consuming for sedo? Also, as per the exchange rate issue, if you can do this for $100/�56 why can�t you do it for �50 anyway? 3. The "no minimum commission" If you say "no minimum commission" then you need to charge "no minimum commission" OR change it to a more specific message. 4. The Nominet fee You obviously know the domain in question for any particular offer. It therefore would not be impossible to have a �buyer pays Nominet fees� option to tick or somehow select. 5. Let the buyers know about the fees. If a buyer knew that a minimum �100 fee was being deducted from the price, they would understand why many sellers are reluctant to sell even mediocre domains for �150. __________________ Domains \| Mobile Phones \| Sweets \| Energy Advice \| Smelly Drains \| Paintball \| Rower \| Christmas \| Compensation \| Skiers \| Preschool Toys \| Clear Debt \| Make Bread \| Change Supplier \| Santa Outfits \| Halloween Outfits \| Whiskey \| PDAs

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27-01-2006, 02:25:35 PM	#66 (permalink)
retired_member6 Banned Join Date: Apr 2005 Posts: 5,740 No Classified Ratings Domain Trader Rating: (100% / 41)	Re 'buyer pays fees' I meant transfer cost on sales not the 10%. I should have made that more clear. Most sellers would include the 10% anyway I would think. But then the seller paying the transfer fee probably ensures less hold ups on the buyer's side. I started at a price on one today and was trying to work out the 10% which would leave me with the initial counter off haha, I just included it in the end claiming too much hard work to figure it out. So they've already got a bargain I didn't think a seller could up a counter offer once it had started? and I think a general minimum bid would make more sense than individual minimum bids, for if I saw a minimum bid amount I'd take that as a gauge of price rather than a starting level. But if it was as standard to cover the �130+/- costs, I don't think that would be too bad. I've only had a handful of offers outside of sedo and within, but I'm slowly getting to grips with it. I didn't want to start using minimum bid techniques or disallowing low offers as I need to learn. I've already lost one private sale worth �1000, reason unknown at present and two others which were too low as they didn't appear to understand sedo's fees. I've got a possible serious interest going through the bidding process now, we'll see what happens, all costs factored in, thankfully �35.25 isn't a problem this time. I don't wish to pay for an appraisal yet as I'm not too convinced they work at the present time so I'll have to go with my better or worse judgement for now. Cheers Lee

27-01-2006, 02:26:14 PM	#67 (permalink)
aqls Join Date: Nov 2005 Posts: 1,075 No Classified Ratings Domain Trader Rating: (100% / 18)	imagine having a company like that negotiating big figure sales for you . . . -aqls-

27-01-2006, 02:40:25 PM	#68 (permalink)
olebean Join Date: Nov 2005 Location: Rarotonga Posts: 2,291 No Classified Ratings Domain Trader Rating: (100% / 1)	Ash Thanks for the reply. It was nice to see you missed the context of my reply. Your view on free listing was spurious and pointless in summarising your points, it didn't do you any favours either. While there isn't a credible alterative to sedo, most of us will have to blow hot air and suck through our teeth at the fee's. sedo charge. Happy days guys!

27-01-2006, 02:51:30 PM	#70 (permalink)
aqls Join Date: Nov 2005 Posts: 1,075 No Classified Ratings Domain Trader Rating: (100% / 18)	They have also not helped out with VAT issues in the past. They have promised to change it but I don't see any change in the last months. Sometimes it is not obvious to the buyer that the price includes VAT, even though the small print says it does. It can become a very big issue, especially when Sedo don't even understand the problem. -aqls-