To cancel negotiations

[Takwa]

Is there a way to cancel negotiations without a counter offers, because I kept getting low offers which I don't want to waste my time on.

 

[foz]

I don't think so. Wish you could though.

 

[Edwin]

I've never found a way, so I lean on the "9" key until I can't enter any more digits. Tends to put people off

 

[sedo]

You can set a minimum price so you do not receive offers below.

 

[Edwin]

You can set a minimum price so you do not receive offers below.

Why not put us out of our misery (the above is a feature I've been requesting for MANY years, on and off) and just have a "Reject this joker" button? (you could give it a more friendly name, but basically something that lets you break out of the negotiation flow immediately).

Combine that with the current system that only lets people send 3 (or is it 2?) offers per name without manually contacting a Sedo rep, and it would mean some buyers at least might finally stop lowballing, since they could potentially use up one of their very limited reservoir of "chances" at that particular name by doing so...

 

[Takwa]

I know there is a set the limit option, but as you know most of us have "a lot" of domains and are all different in quality, well we are not going to go through them one by one setting a different limit on each one are we?

I think we should be able to cancel and rejecting the low offers, instead of bothering to telling anybody your value, and you don't want it to leave it for 7 days, so their offer expire because that will make you look inactive, and rude for not answering a bid.

I found out the maximum you can counter is 5 millions btw

 

[Nigel]

Hi - I agree 100% with Takwa and Edwin on this. It would be great to be able to simply turn down an offer. Thanks

Nigel

 

[Slater]

Currently have an opening bid of £45 on one of my domains together with comment below:

Hi, this is my final offer as I'd like this as a main brand URL .....

Makes me laugh when people give you a lowball offer together with the statement 'This is my final offer' as if in some way it's going pressure you into selling them the domain for next to nothing.

I feel a 1,000,000 counter offer coming on.

 

[Skinner]

On Sedo, I generally go Lowball (and ask for ballpark), prelim offer (which may or may not be in their ballpark), then my final offer before saying thanks anyway.

On Acorn, I just make an offer which may or may not be my final offer, since sometimes it is sometimes it isnt but never reveal my hand

 

[sedo]

If you set an asking price you are able to cancel negotiations once the buyer’s offer is no longer binding.

Setting an asking price in conjunction with a minimum offer is advantageous because it sets expectations for buyers, many of whom are end-users not familiar with domain pricing.

We have seen a trend recently that domains with fixed prices tend to sell faster than domains without a price so it is worth taking the time to do this with your portfolio.

regards

Joanna

 

[Paullas]

If you set an asking price you are able to cancel negotiations once the buyer’s offer is no longer binding.

Setting an asking price in conjunction with a minimum offer is advantageous because it sets expectations for buyers, many of whom are end-users not familiar with domain pricing.

We have seen a trend recently that domains with fixed prices tend to sell faster than domains without a price so it is worth taking the time to do this with your portfolio.

regards

Joanna

so thats a no sorry guys we are leaving it as it is

 

[Edwin]

so thats a no sorry guys we are leaving it as it is

They've given the same reply for the last 4-5 years at least, it's practically on speed-dial.

 

[retired_member21]

As an fairly new buyer to domains via Sedo, I rapidly finding nothing more annoying than sellers who refuse to give me a rough ballpark of the domain name upfront. It's like a carrot dangling approach to selling domains - I see a domain I like, approach the buyer and they just reply with STFU most the time - how am I a) supposed to know the value and b) what buyer in the right mind (prob small % of customers) is going to offer x,xxx or xx,xxx upfront? very few

Even something like:-

Buyer expecting x,xxx or xx,xxx etc I'd know which ones to approach, and which ones to steer clear of

Do the 'make me an offer' benefits really outweight selling in volume at a fixed price???

I really like auctions/bin prices - at least I've got a ROUGH IDEA if I should even bother initiating/going into negotiations with the seller, 90% of the time I spend making a 'lowball' offer as you guys put it which could've been saved if you'd just put the price on in the first place. It just seems to waste time for everyone having 'make me an offer' then people complain that the original offer wasn't xx,xxx first off

-- rant over after being fobbed off by a seller yesterday --

 

[Edwin]

Yes, I think they do, if you're a seller who owns thousands of decent names. It's the occasional rare "real value" offer that vastly outweighs everything else.

Rick Schwartz is the ultimate example of this (though of course he doesn't use Sedo, as far as I know). In a recent blog post, he explained that he's only sold 10 domains in 10 years (out of the MANY thousands of generics he owns) but the average sale price for each one of those was over US$1,000,000.

That's partly because he has good names to sell, but partly also because he ignores 99.99% of offers (or whatever the fraction is) and waits for the one person able to pay what he expects to get for the domain.

NOTE: the above approach works if you can afford to cover the registration fees via parking, mini-site development or any other route - there's no particular hurry to sell any given name.

Of course, other domainers have thrived on a very high volume of low margin sales, so there's room for every approach in between those two extremes. But certainly, there is definitely a case for ignoring lowball offers and for leaving domains unpriced. If a potential buyer really REALLY R-E-A-L-L-Y wants that particular name and no other (and they're a serious prospect in the first place in terms of ability to buy) then they will keep upping their offer.

 

[sedo]

If you put a minimum price at a high value across your whole portfolio then this solves the problem. You can do this easily by filling in the domain upload excel sheet and sending it to me to upload so you do not have to do it per individual domain. The minimum price is not shown if you prefer not to put a fixed price.

 

[rob]

If you put a minimum price at a high value across your whole portfolio then this solves the problem. You can do this easily by filling in the domain upload excel sheet and sending it to me to upload so you do not have to do it per individual domain. The minimum price is not shown if you prefer not to put a fixed price.

People then think $minimumprice + 1 = sale

Whereas $minimumprice may only be a bulk filter...

 

[Edwin]

All of these suggestions from Sedo are attempts to get triangular, hexagonal and square pegs to fit into round holes. There is one easy solution: allow for a "reject this offer" option. That would kick out the offer, and also send a warning to the potential buyer that they only have one more opportunity to connect with the seller, so they'd better make their very best offer.

That's also an opportunity to "upsell" the buyer on a "professional" Sedo appraisal, to help them to make the most appropriate offer and not waste the opportunity to purchase the domain.

Offering the above as an OPTION doesn't hurt anyone. It's another choice for sellers, should they choose to use it, but equally they can just ignore it and use the Sedo platform as it currently is set up.

It would also only have to work very infrequently for it to mean more money for all concerned, so long as the offers being secured are large enough!

 

[Takwa]

The 9s got them cancelling the deal for me see I didn't want to use this tactic, it seem a bit rude, but I have no choice.

The fact is why should I tell him my ballpoint, if I don't know if he's serious, if I want to give him a ballpoint, I would have had set a fixed price.

That's why, seller should have an option to reject low offers (which an option for comment) i.e. "Thank you for your interest, sorry to reject your offer, it's too low to be consider."

I don't like to put min offer as I like to hear all offers, it tells me how much a name is wanted on the market.

And I am not going to waste my time putting a fixed price or setting different min levels for the domains.

Fixing a price, I admit may help you sell faster, but I am sure the profit margin is lower, unless you're in need of cash, why not wait for a bigger offer?

 

[sedo]

You can find the domain upload sheet here Adding Domain Names to a Sedo Account - Sedo.co.uk

If you enter the price (which you do not have to) then you have two options in the price options column.

Make an offer:
The price you enter is negotiable. However you can leave the price column blank so that you can better negotiate.

Fixed price:
Only offers which match your fixed price will be accepted. A fixed price is binding!

You can also select a Minimum Offer :
If you enter a minimum offer for your domain, the system automatically rejects any offer below this amount. The potential buyer will then be asked to enter a higher offer.

I hope this clears things up.

regards

Joanna

 

[nameholic]

reword the minimum offer:

to read reserve price : xxx


xxx unseen by potential buyer


no work needed by owner.



Ian.