Selling Domain on Sedo

[RedRocketDomain]

Should only experienced domainers sell here? I would like to try it but so far have only done Ebay sales. Thanks for any advice.

 

[Takwa]

no anyone can sell there, I started selling on Sedo before looking at any where else to sell, Sedo is still my main market place to sell, ebay is where you want to get rid of the domains you want to drop.

 

[RedRocketDomain]

Thanks for replying. Do you sell by auction and how often does a domain of yours sell? Also, is there a good tutorial anywhere that will teach me the best way to list and describe my names on Sedo?

 

[Takwa]

Well on Sedo you can't put it on Auction until someone place a bid on your domain.

At the begining I usually put my low bids domains to auction, now I like to finish the deal with the bidder instead, seem more professional.

Sedo gives a guide and tips on the best way to sell on their system, and I won't disagree with it.

You can find it here

Tips for Sellers - Sedo.co.uk

 

[Efusjon]

I've never gotten a good deal for anything on Sedo. It seems people who park it there want too much. I've made what I thought were more than fair offers above market value and they still wanted 4x or 5x more.

If the domain is that good, it won't be on Sedo anyways.

 

[markb]

Yeah, ive noticed on sedo when ive enquired about a domain and offered a fair price of say £1000 they wont accept anything less than 5 times that amount.

The thing is with sedo people park their domains their to make a large profit and many domain owners often over value their own domains, when in reality a domain is only worth as much as a buyer is prepared to pay.

Mark

 

[Systreg]

in reality a domain is only worth as much as a buyer is prepared to pay.

Not quite, a domain is worth what a seller is willing to sell it for

 

[markb]

Not quite, a domain is worth what a seller is willing to sell it for

Its not if no ones willing to buy it for the asking price. So if I owned a domain called thisdomainisgreat.com and I will only sell it for £10,000, thats what its worth? I dont think so. You could own an average domain name, thats been appraised at £500, but if no-one is prepared to buy it from you, its pretty worthless in my opinion. Unless of course the owner can make money from it by developing a website themselves which is profitable.

 

[retired_member12]

Not quite, a domain is worth what a seller is willing to sell it for

That's why most never sell.

The problem with Sedo is you will never get to see the detail behind their sell rates. They must have countless bid chains started which fail due to the unrealistic expectations of the seller.

 

[Systreg]

Yeah, I know what you both mean, maybe I should have worded it better, when I said what a seller is willing to sell it for, I meant in the sense that his price is a realistic market value, and not one of those people who become emotionally attached to their domain name, and wont let it go for a penny less than their x times the market value of it.

It works both ways, how many times have you read on here and elsewhere about someone selling a decent name, and then getting ridiculously lowball offers for them, there are some crazy sellers out there, also some crazy buyers, swings and roundabout ain't it.

 

[retired_member6]

Yeah, ive noticed on sedo when ive enquired about a domain and offered a fair price of say £1000 they wont accept anything less than 5 times that amount.

The thing is with sedo people park their domains their to make a large profit and many domain owners often over value their own domains, when in reality a domain is only worth as much as a buyer is prepared to pay.

Mark

The trouble is if said domain owner has £100 million in the bank, does he really care?

 

[retired_member12]

Yeah, I know what you both mean, maybe I should have worded it better, when I said what a seller is willing to sell it for, I meant in the sense that his price is a realistic market value, and not one of those people who become emotionally attached to their domain name, and wont let it go for a penny less than their x times the market value of it.

It works both ways, how many times have you read on here and elsewhere about someone selling a decent name, and then getting ridiculously lowball offers for them, there are some crazy sellers out there, also some crazy buyers, swings and roundabout ain't it.

Fair comments, there are examples to suit both sides of the arguement.

If some new PC interface were invented for all future plugins, let's say 'UTB', then utbdevices.com might be worth a fortune if you were flogging and/or making them, with mass market potential with high competition. Whereas if you were one of just a couple of companies manufacturing specialist equipment to a small or closed market, let's say spacesuits, then spacesuits.com isn't going to be that critical to your business, which probably explains why David Clark or ILC Dover don't need to fight to get that name, its too specialsed to actually add any real value to their businesses.

 

[markb]

Yeah if someone who is rich owns the domain then they wont sell unless its for a high figure probably.

Im pretty new to domain names, do you guys think if you bought 100 pretty decent domain names now for their registration fee and then kept them for say 10 years. Do you think you would make a lot of money, I would expect them to beat the interest you would make in a bank anyway. But you can never tell whats going to happen in the future, even with domain name values.

Im pretty sure that there a lot of well off people in the world who must be investing in thousands of domain names for the long term.

What do you think?

Mark

 

[retired_member6]

Fair comments, there are examples to suit both sides of the arguement.

If some new PC interface were invented for all future plugins, let's say 'UTB', then utbdevices.com might be worth a fortune if you were flogging and/or making them, with mass market potential with high competition. Whereas if you were one of just a couple of companies manufacturing specialist equipment to a small or closed market, let's say spacesuits, then spacesuits.com isn't going to be that critical to your business, which probably explains why David Clark or ILC Dover don't need to fight to get that name, its too specialsed to actually add any real value to their businesses.

Then again, in twenty years time, spacesuits may well be very much in demand... and every bugger making and needing them as let's face it, a lot of us have to get off of this planet quick and get out there.

 

[retired_member6]

Yeah if someone who is rich owns the domain then they wont sell unless its for a high figure probably.

Im pretty new to domain names, do you guys think if you bought 100 pretty decent domain names now for their registration fee and then kept them for say 10 years. Do you think you would make a lot of money, I would expect them to beat the interest you would make in a bank anyway. But you can never tell whats going to happen in the future, even with domain name values.

Im pretty sure that there a lot of well off people in the world who must be investing in thousands of domain names for the long term.

What do you think?

Mark

At the start yes, finding 100 now to be super mega rich at the end of ten years would be like thetimes top ten current future sports stars, only 1% may make it. At the end of it all, a lot of people with a lot of domains will one day wake up and find their entire stock worth nothing because some new medium will have come along, so most are interested in making money on the way, not just at the end of ten years, so they do sell. Domains aren't gold, domains will be replaced one day.

 

[retired_member12]

Then again, in twenty years time, spacesuits may well be very much in demand... and every bugger making and needing them as let's face it, a lot of us have to get off of this planet quick and get out there.

Now that just plain showing off Lee, you smart arsed, forward thinking, sharp as a new pin git!

Nice!

 

[crabfoot]

Finding 100 names right now - that would be a good thing!

Now, I can make money from picking horses - when the market is "just a bit twisted", not as "bent as a corkscrew" (which appears to be the current situation) - and I have a history of being able to pick out the best 4 horses in a "ten to follow entry" but the other 6 get crippled/fall over/drop dead.

Gimme 40 good names from 100, payout in ten years, and I'm rich. But it costs me £300 a year for those ten years to find out which are the good ones. And have I got 40, or 10, or 3 ...

And now I'm expounding the "let's be kind to Lee" camp - because his gut instinct is proven, he is a person that should be encouraged to explain why he is so good at picking names.

The man makes a living from domaining. He is not inclined to work hard - he does not need to work hard at it, he can be content with what he has.

I am WELL fed up of people taking the urine out of Lee - there's a lot to be learned from him, and he is not going to be inclined to give anything away knowledgewise when everybody takes the mickey.

Our local chipshop used to have a sign reading "insulting the cook WILL result in smaller portions" ...

 

[jimmc]

Domains are worth what theyre worth and it also depends how good your negotiating skills are. Doing research, finding companies in that niche, proving prior interest etc.

I've never had a result on Sedo....

 

[hmc]

selling on sedo for years now. no probs with them even for starters