Accepting Offers

[stevef1fan]

Hi,

Today I received offers on 2 of my names - enjoyturkey.co.uk and enjoygreece.co.uk.

Each name received an offer of £100. I countered with £175. I then received 2 counter offers of £135 and I countered again with £165.

The trail then went cold as I awaited a response...

My question is having counter offered and had a think about it I'd like to accept the potential buyer's lower, earlier offers of £135, but the system doesn't seem to allow this.

I have now resorted to sending them counter offer of £135 but the potential buyer is yet to accept.

Does each counter offer cancel the previous offer and the seller's ability to accept them - have the pound signs got the better of me !!

It seems a shame if you can't reconsider and accept the potential buyer's lower offer, as messaging one another with offer-counter offer seems a difficult way to negotiate if the seller can't reconsider and accept a lower amount..

If you catch my drift !..

Any advice appreciated and apologies for the long-winded message !

Steve.

 

[philipp]

I think it's a good design on the whole - making a counter offer is not (and should not be) without risk as it sends the ball back into the other party's court.

P.

 

[retired_member13]

It's worth remembering that Sedo now charge $50 minimum commission, which really kills the smaller sales.

Eg on a £135 sale, Sedo now steal over £30 from it, rather than 10%.

Also given that the Sedo system allows $60 minimum orders, that means if you sell at minimum you'll get $10, and Sedo gets $50.

How's about that for fair?

 

[philipp]

Yes, the commission seems high.

P.

 

[golddiggerguy]

It's too easy to lose a sale over a counter offer. Easy to avoid just set your lowest offer prices to what your happy to take to avoid losing sales.

You then don't have to say well actually I want £xxx.

Not happened to me but know people who it has.

 

[stevef1fan]

Thanks for your thoughts guys.

I see your point Philipp re. risk. I suppose without the risk of the buyer being able to walk away it's a no lose scenario for the seller to always try it on with silly counters, so that certainly makes sense.

Ty - Yes, the commission level is 'remarkable' on a small sale (which rapidly becomes a very small sale after they've had their chunk !), unless you park it at sedo with a fixed price.

Will certainly take your advice on the minimum bid, Golddigger, to avoid this happening again.

I would have felt more comfortable in the negotiation stage being able to message the potential buyer, perhaps to introduce myself and get a feel for the situation - the control panel at the moment allows you to message the potential buyer but the message is vetted by the sedo team with a delay of up to 48 hours..perhaps it could be more dynamic..ebay don't vet questions...I suppose the issue is email addresses sneaking into messages and messages circumventing commissions !..

Thanks again,

Steve.

 

[retired_member13]

So why not just change both domains to be the fixed price that you want to get - hopefully that buyer will see it and buy, and you get the extra $50 for having a fixed price & not paying commission?

 

[stevef1fan]

I just tried to enter a fixed price, as you suggest Ty, but the system won't allow it - it just says BID next to the domain name and freezes me out of entering a fixed price.

- So, if the offers/counter-offers are still valid for another 6 days it should allow me to accept them ?

Oh well, perhaps best wait and insert fixed prices when it allows me to.

Cheers,

Steve.

 

[retired_member13]

Ah, of course, that'll be because you made a second counter offer at the lower price, which will still be binding for another 6 days for the other party to accept.

Well, will have to wait and see what happens.

Best of luck with it,

Ty

I just tried to enter a fixed price, as you suggest Ty, but the system won't allow it - it just says BID next to the domain name and freezes me out of entering a fixed price.

- So, if the offers/counter-offers are still valid for another 6 days it should allow me to accept them ?

Oh well, perhaps best wait and insert fixed prices when it allows me to.

Cheers,

Steve.

 

[TinkyWinky]

Oh for a decent alternative that has similar features to SEDO (sales, ppc and auction all built intogether) and provides value on the PPC and doesn't chip away at the value on selling domains.... (increased cost to seller, charges on final bank transfers etc etc)

Someone.... anyone.....

 

[sedo]

Just set you lower priced domains to fixed prices. You will only be charged 10% commission then.

 

[stevef1fan]

Yes, will do sedo, thanks. I just don't really follow the logic behind this new commission structure -

No fixed price, fewer offers, therefore when you get an offer you get hammered for commission !

I know it's to encourage fixed prices which encourage offers, but don't they devalue the market because the seller will generally depress the price in order to attract the offers ?

'A bad salesman always reveals his price !'

Also, it seems so subjective - a name is worth what a buyer is prepared to offer, surely ?

Oh well, the buyer came back and accepted my offers on enjoygreece and enjoyturkey, so that worked out well.

Thanks again for all your thoughts on this.

Steve.