Sedo stifles UK market

[scooter]

When are Sedo going to drop the ridiculous £70 charge for selling a co.uk?

I fail to see why it costs so much. The only thing that is different from a .com sale is that they have to wait a few days longer until the whois has changed. (at most they may have to sit down and spend an extra 60 seconds or so to write an email to either party)

So why the humungous charge? Sedo are the ones who are stifling the bottom end co.uk market and ultimately harming themselves in terms of commision as the bottom names do not move.

They pride themselves as being the worlds largest domain broker, but yet they are still penalasing the worlds 3rd most popular TLD.

I can honestly see someone stepping in and delivering what we need. A flat rate respectable charge for such names. It is a glaring hole in the market.

I have a lot of names that are priced at £300 for the simple reason you charge so much. I will happily give my business to someone who will charge half as much and I can pleasantly reduce my asking price by a whopping 30%

And while i'm at it....... Why do you not open Sedo Pro up to the masses? The only winners from this can be Sedo!!!


OK Brad, it's over to you


.

 

[retired_member6]

I said as much to one of their staff, not the amount charged - as that's been done to death and that's easy money for them but the way they create an elitist, exclusive club, when they start offering proper services they may find we don't want the likes of namedrive to kick them into touch.

Re the costs, it might be a european / german thing, they love ripping the British off. This affiliate progam launched the other day, they rip they British off because surprise surprise like sedo (previously), they don't know how to convert euros to pounds.

..:: posterXXL ::.. Poster drucken - groß und günstig! compared to ..:: posterXXL ::.. Poster drucken - groß und günstig!

I told them when they sort their prices out I'll promote them. I'll not aid them in ripping fellow British off.

 

[domaingenius]

Which is why NameDrive have an advantage in that they do not charge anything for sales. If they did then I would reconsider (just in case ED's thinking, hmm well start charging) . Its all about exposure, and sedo have that ,but how many people in the "real" world know about Sedo, apart from those in this domaining lark and other internet business ?. The real end users may well not know sedo,
which means why use sedo for selling domains.

DG

 

[wwwdomain.name]

To be fair - IMHO - even £100 is cheap when you consider the exposure factor...

Let's face it - you reg a name, park it - sedo give you the exposure...
Which costs the most and takes the most effort?...

When it comes to domain buyers finding names, I'm of the mind that of course they can find them (type-ins/GBL etc)...
Sedo is the No1 and most respected marketplace on the planet which, when they arrive to your landing page, they go on to see that...
IMO - parking with sedo gives you added credibility...

Combine with this the new 'auctions' feature and you have an easy way to maximise your 'out' anyhow...

From 'low-end' sale experience, this may help...

When selling 'cheap', it's worth pointing out that fees are involved... Buyer ups their bid...
Done this and it has worked everytime...

Obviously, I'm bias... LOL

 

[sedo]

Brokerage Costs

Hello,

The transfer price of a .co.uk is correlated with the time necessary to process the transfer. A .com requires that only a transfer request be made, where as a .co.uk requires more communication between the buyer, seller, and transfer agent.

Once the time variables of a .co.uk transfer decrease so will the price.
We are looking into ways now to reduce the costs.


SedoPRO is used to group different sets of traffic. There are features included in SedoPRO that the average user may not find beneficial. Recently we have made many SedoPRO features available to other Sedo users so that all clients can benefit from the accessible features.


-Bill

 

[grantw]

where as a .co.uk requires more communication between the buyer, seller, and transfer agent.

Can you please advise why current communication involves waits of 3 or 4 days for a reply from yourselves?

Grant

 

[fred]

Hello,

The transfer price of a .co.uk is correlated with the time necessary to process the transfer. A .com requires that only a transfer request be made, where as a .co.uk requires more communication between the buyer, seller, and transfer agent.

Once the time variables of a .co.uk transfer decrease so will the price.
We are looking into ways now to reduce the costs.


-Bill

So why then, in my recent sale through sedo, did I have to do all the chasing? I have 'bolded' the person doing the work in the below account:

After the deal was agreed, I waited to the buyer to make payment.... weeks later I email to find out whats going on, and by some 'coincidence' payment is recieved by sedo the next day.

Then, after the forms had been send to Nominet (by myself and the buyer - no work for sedo there) we waited. After a couple of weeks, I emailed nominet to find out what the delay was. Nominet informed me of the problem, I sorted it out, Nominet did the Transfer, I email sedo, Sedo send payment to me minus the excesive charge.

So, again, WHAT DO SEDO DO THAT IS DIFFERENT FOR .UK's THAN FOR .COM's?

The only difference as you say is the time involved, which means that you have our money in your account for longer, earning interest.

 

[Paullas]

So why then, in my recent sale through sedo, did I have to do all the chasing? I have 'bolded' the person doing the work in the below account:

After the deal was agreed, I waited to the buyer to make payment.... weeks later I email to find out whats going on, and by some 'coincidence' payment is recieved by sedo the next day.

Then, after the forms had been send to Nominet (by myself and the buyer - no work for sedo there) we waited. After a couple of weeks, I emailed nominet to find out what the delay was. Nominet informed me of the problem, I sorted it out, Nominet did the Transfer, I email sedo, Sedo send payment to me minus the excesive charge.

So, again, WHAT DO SEDO DO THAT IS DIFFERENT FOR .UK's THAN FOR .COM's?

The only difference as you say is the time involved, which means that you have our money in your account for longer, earning interest.

This happened to me also, i did all the chasing and it went on for weeks..

 

[seanc]

ive been waiting a month for a .co.uk sale to come through

so what are sedo doing for their "£70" ?

 

[retired_member16]

Why do people use Sedo, who they are paying £70 to send a couple of forms backwards and forwards and then complain when they feel that they are being ripped off.

YOU ARE!

 

[fred]

Why do people use Sedo, who they are paying £70 to send a couple of forms backwards and forwards and then complain when they feel that they are being ripped off.

YOU ARE!

I don't have a problem with Sedo charging commision when they have found me a buyer. I list my names on sedo but do not park them there, so any offers I get though sedo have been as a result of them being listed, and the buyer may not have seen the domain otherwise.

What I do have issue with is the unfair charges for UK domains v's .com's when there is no good reason for there to be any difference! Also, the lack of ability of sedo to understand the concept of exchange rates when it comes to converting fees from $'s and €'s to £'s

Even the emails that the broker sent me linked to the wrong Nominet forms and quoted the wrong fees

 

[sedo]

Hello,

The 70 pounds is actually invested into the stock market where we hope to see a return on investment while the domain is in transfer, if the investment does not show earnings we will wait until our ROI is high enough to complete the transfer...

In all actuality as mentioned earlier there are many variables that can contribute to a transfer taking longer than "normal". Independent of the transfer medium the actual transaction can vary in length anywhere from weeks to months as many of you know.

If you feel that a transfer is taking too long, please contact your account manager or transfer agent. I am sure they will be glad to give you an update (even if that update is that we are still waiting for the domain to be unlocked or the payment to be sent).

-Bill

If you have any questions, perhaps I can clear them up via email
[email protected]

 

[olebean]

Hello,

The 70 pounds is actually invested into the stock market where we hope to see a return on investment while the domain is in transfer, if the investment does not show earnings we will wait until our ROI is high enough to complete the transfer...

In all actuality as mentioned earlier there are many variables that can contribute to a transfer taking longer than "normal". Independent of the transfer medium the actual transaction can vary in length anywhere from weeks to months as many of you know.

-Bill

If you have any questions, perhaps I can clear them up via email
[email protected]

As ever!

 

[Paullas]

hmmmm i can smell somthing here and it aint flowers

Hello,

The 70 pounds is actually invested into the stock market where we hope to see a return on investment while the domain is in transfer, if the investment does not show earnings we will wait until our ROI is high enough to complete the transfer...

In all actuality as mentioned earlier there are many variables that can contribute to a transfer taking longer than "normal". Independent of the transfer medium the actual transaction can vary in length anywhere from weeks to months as many of you know.

If you feel that a transfer is taking too long, please contact your account manager or transfer agent. I am sure they will be glad to give you an update (even if that update is that we are still waiting for the domain to be unlocked or the payment to be sent).

-Bill

If you have any questions, perhaps I can clear them up via email
[email protected]

 

[retired_member6]

hmmmm i can smell somthing here and it aint flowers

Edited: I might want that...

 

[ratboy]

The 70 pounds is actually invested into the stock market where we hope to see a return on investment while the domain is in transfer, if the investment does not show earnings we will wait until our ROI is high enough to complete the transfer...

This annoys me. I don't see anything said that puts their customer before their themselves. Besides, using client money to make a return is illegal (in the UK) isn't it?

 

[retired_member6]

This annoys me. I don't see anything said that puts their customer before their themselves. Besides, using client money to make a return is illegal (in the UK) isn't it?

I think he was taking the proverbial. I think it's allowed when getting stick. :mrgreen:

 

[olebean]

I think he was taking the proverbial. I think it's allowed when getting stick. :mrgreen:

I took it as its how we decide if you don't like it sod off! Either way it was meant, I don't think its the way you should talk to clients

 

[ratboy]

I took it as its how we decide if you don't like it sod off! Either way it was meant, I don't think its the way you should talk to clients

thats why i don't use Sedo!

 

[sedo]

To clarify: Sedo does not use the 70 pound transfer fee to invest in the stock market.

The pound pricing is derived from the pricing of other markets i.e. all markets using the EURO as a currency. The transfer fee if not in pounds is 100€. Using an exchange rate website we have found the pound equivalent to fall often right around 70 GBP (currently 66.9).

We are aware that the pound is a stronger currency than the EURO, and we have therefore decreased the transfer price from 100GBP to 70GBP once the currency option was released in April.

-Bill