Sedo just don't get it...

BREWSTERS · 07-02-2012, 09:42:56 PM

Check this one out...I just received an invoice for $80 commision from sedo for a domain which I no longer own (the name had dropped about 4 months ago - I'd altered contact details on a group of names and hadn't got renewal notices).

Someone had agreed to the $399 BIN price - as soon as the notice came through from sedo, I emailed back to let them know that it now belonged to another domainer. Next thing I know, a bill comes for the eighty dollars...."very funny - close my account with immediate effect". Sedo accounts for less than 1% of my sales. If I stayed in bed tomorrow it would effect my business more than that.

ratboy · 07-02-2012, 11:19:37 PM

Quote:

Originally Posted by Sean

I'm not having a dig here but it's not rocket science. Contact Sedo and negotiate the commission on the deal, tell them you'll pay 10% but 15% is too high. It puts the ball in their court and they can decide whether to take �1500 or nothing, then come back and tell us how greedy they are if they say no.

Personally I don't think it's unreasonable to pay 10% commission on a sale that includes a Escrow service.

Quote:

Originally Posted by Sean

I'm not having a dig here but it's not rocket science. Contact Sedo and negotiate the commission on the deal, tell them you'll pay 10% but 15% is too high. It puts the ball in their court and they can decide whether to take �1500 or nothing, then come back and tell us how greedy they are if they say no.

Personally I don't think it's unreasonable to pay 10% commission on a sale that includes a Escrow service.

Agree Sean - it wasn't an accepted deal - just the fact that it LOOKS a huge amount of cash for what? A sale upstream, like has been mentioned, so what.

Lennart - already got the company landing pages covered, so yes it must have been an upstream affiliate...

Sean · 08-02-2012, 12:11:57 AM

Quote:

Originally Posted by ratboy

Agree Sean - it wasn't an accepted deal - just the fact that it LOOKS a huge amount of cash for what? A sale upstream, like has been mentioned, so

I'm not a sadist, I hate paying commission on anything but the best thing to do with Sedo is load it into your price and on deals that involve considerable commissions pick up the phone and negotiate with them.

I have a mate who received a $500,000 offer for a .net through a Sedo broker and negotiated them to push for �1 Million Sterling and the buyer to pay the commission and they agreed to it so they will listen.

The other thing with Sedo is you need to be prepared to push them and even do some legwork yourself. A lot of people post on here because things aren't happening as quickly as they want when they'd be better picking up the phone and politely asking for an update. I've done enough deals to know that it's the buyer who's the biggest pain in the arse 95% of the time, I think a lot get buyers remorse 5 minutes after hitting the buy button.

Caz · 08-02-2012, 12:25:48 AM

Quote:

Originally Posted by Sean

I'm not a sadist, I hate paying commission on anything but the best thing to do with Sedo is load it into your price and on deals that involve considerable commissions pick up the phone and negotiate with them.

I have a mate who received a $500,000 offer for a .net through a Sedo broker and negotiated them to push for �1 Million Sterling and the buyer to pay the commission and they agreed to it so they will listen.

The other thing with Sedo is you need to be prepared to push them and even do some legwork yourself. A lot of people post on here because things aren't happening as quickly as they want when they'd be better picking up the phone and politely asking for an update. I've done enough deals to know that it's the buyer who's the biggest pain in the arse 95% of the time, I think a lot get buyers remorse 5 minutes after hitting the buy button.

Was that one of the gambling .net's Sean. Hope he doesn't fly to vegas with the proceeds.

Sean · 08-02-2012, 12:39:05 AM

Quote:

Originally Posted by Caz

Was that one of the gambling .net's Sean. Hope he doesn't fly to vegas with the proceeds.

It was a financial domain and the deal didn't happen. He forwarded the brokers e-mail to me to ask what I thought and in it she told him that it would be a record for a .net and that she recommended he took the deal but he got it in his head that he wanted a Million Pound Sterling and to be fair she went back and got the buyer to increase their offer to a Million Dollars but he still wouldn't budge and the deal collapsed.

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07-02-2012, 09:42:56 PM	#11 (permalink)
BREWSTERS Join Date: Mar 2007 Location: Hambleton Posts: 1,465 No Classified Ratings Domain Trader Rating: (100% / 14)	Check this one out...I just received an invoice for $80 commision from sedo for a domain which I no longer own (the name had dropped about 4 months ago - I'd altered contact details on a group of names and hadn't got renewal notices). Someone had agreed to the $399 BIN price - as soon as the notice came through from sedo, I emailed back to let them know that it now belonged to another domainer. Next thing I know, a bill comes for the eighty dollars...."very funny - close my account with immediate effect". Sedo accounts for less than 1% of my sales. If I stayed in bed tomorrow it would effect my business more than that.