Sedo just don't get it...

[ratboy]

I'e just countered on a derisory offer on Sedo for a good solid generic, and I want £15k for it. But they want £2,250 commission for the part in the deal.

Now I'd rather stick pins in my eyes than complete on that even with a good profit. It hardly encourages people like me to sell via their platform does it... and no I'm not going to park it with them.

 

[sdsinc]

The commission is higher when the potential buyers came through a partner (registrar).
I know the commission is high but pass it on to the buyer.

More exposure = more sales but it comes at a price.

 

[rob]

Do they still charge comission on VAT?

Cant wait for all .uk names expired on 1&1 to pop up on sedo, or at least be independently sold via domcollect.

I shall start saving my comission payments now!

 

[foz]

Delete your domains with Sedo if it's too much

I've severed my business with them.

 

[thudufushi]

But they have a trust factor for the buyer IMO. Is there a solid alternative with much lower comm?

 

[ratboy]

Delete your domains with Sedo if it's too much

Yeah I know fozzy... I see Sedo as a good place to sell, I'm just saying they are trying to take too much!

 

[foz]

Yeah I know fozzy... I see Sedo as a good place to sell, I'm just saying they are trying to take too much!

If they have upstream partners generating the leads and wanting 10% of the 20%, then that's the way it has to be (figures are approximate).

 

[retired_member33]

How about removing it from Sedo and forward the site to a designated page on your company website?

Leave it up for a few days and perhaps the buyer will contact you directly.

If not, continue the Sedo negotiations and be prepared to pay ze germans a large chunk of the sales price

 

[websaway]

I'e just countered on a derisory offer on Sedo for a good solid generic, and I want £15k for it. But they want £2,250 commission for the part in the deal.

Now I'd rather stick pins in my eyes than complete on that even with a good profit. It hardly encourages people like me to sell via their platform does it... and no I'm not going to park it with them.

On the assumption that's it's an all day long 15k domain.

If you sold it without sedo you would most likely have to pay 3% escrow=£450 so the difference is £1800. For that you have an option to go to auction and get more, maybe a lot more,whereby you would have to make a final decision if you were to sell away from sedo.

Just pointing out the positives.

 

[BREWSTERS]

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]

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.

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...

 

[Retired_member41]

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.