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Offer from sedo

Started by Movut, Aug 03, 2022, 05:10 AM

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MovutTopic starter

Kindly advise on the best course of action in this scenario. Just received a notification stating that an offer of $100 has been made on the domain name at Sedo. Meanwhile, the asking price is set at $433.

 Considering Sedo's high commission rate, selling for $100 would not be wise. Is it possible to send it to auction or make a counteroffer of $433? Alternatively, should the asking price be removed to increase counteroffers? Thank you for your input.

P.S. The domain is a three-character .info zone.
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Plan

The probability of bids coming in during an auction is uncertain, making it a gamble. Although, Germans tend to value .info domains.
 It's better to propose a reasonable counteroffer, say around $350, and negotiate with the buyer to determine their maximum budget before deciding whether to send it to auction or sell immediately to avoid prolonged waiting.
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davidkeller

If I were you, I'd stick with the $433 price tag. If the buyer is interested in the domain, he will buy for this price as well.
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curtwoks

Given the scenario you've described, I believe there are a few viable options worth considering:

1. Counteroffering: Since the asking price is set at $433 and the offer received is only $100, it would not be advisable to accept the $100 offer, considering Sedo's commission. Instead, I would recommend sending a counteroffer to the interested party at or near the $433 asking price. This demonstrates that you are serious about the value of the domain and willing to negotiate, but not willing to let it go for a fraction of the desired price.

2. Auction Listing: If the counteroffering approach does not yield a satisfactory result, you could consider listing the domain on an auction platform such as Sedo's own auction service or other reputable domain auction platforms. This would expose the domain to a wider pool of potential buyers and allow the market to determine the true value of the asset. The auction process can be an effective way to generate competitive bids and potentially achieve a sale price closer to your asking price.

3. Adjusting the Asking Price: As an alternative, you could consider temporarily removing the asking price or adjusting it downward to encourage more counter-offers and potentially attract a higher-value buyer. However, I would caution against setting the price too low, as this may undervalue the domain and result in missing out on potential higher-offer scenarios. It's important to strike a balance between generating interest and maintaining a realistic and defensible asking price.

In the case of a three-character .info domain, it is essential to carefully evaluate the market demand and comparable sales data to determine the appropriate pricing strategy. These types of premium domains can hold significant value, but the market can be highly unpredictable. Thorough research and a well-thought-out approach are key to maximizing the return on this asset.

Ultimately, my recommendation would be to pursue the counteroffering strategy first, as this allows you to negotiate directly with the interested party and potentially secure a sale closer to your desired price. If that does not yield the desired results, then exploring the auction or adjusted asking price options may be worth considering, but always with a careful eye on the market dynamics and your overall objectives.
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