Advice please

[Multiowner]

4 years ago I turned down an offer of £1200.00 for youmove dotcodotuk. I was looking for £1500.00. - I regret my "greed" now.I have now been offered 900.00 USD through Sedo - I think that could rise to 1000 USD. Am I being unrealistic when I think that the name is worth more? While on Sedo it has received 14,000 views - average 700 per month but it has a poor per click return.
Any views? Is an auction through Sedo a good way forward. I haven't gone down that route before. Any other ideas?
Thanks,
Tom
Scotours.co.uk

 

[GreyWing]

Hi Mate,

If I was the buyer and I offered x amount and someone took it to auction, I'd withdraw my offer and if you got no more bids then that's your problem and you would lose my sale.

I know Sedo's rules say I'd have to do otherwise, the outcome of the future relationship between me and sedo if that happened would be another issue.

So for me, you take your chances. I have bought one from sedo auction before. So the buyer did get more money through takiong it to auction. But you are relying on finding someone else intrested in it, to bid it up.

In other words, if you are happy with the money, take it. if not then keep your domain or take to auction.

 

[retired_member9]

It is well worth 1,5k.

Either give a higher counter offer or place it into an auction (don't worry, buyer won't run).

PS: I remember selling mymove dot co dotuk for ~2.5k few years ago.

 

[Admin]

I've asked for more in Sedo offers before and then kicked myself when the buyer doesn't counter. I wish the Sedo system had an option that told you when the buyer has made their "final" offer.

I'd say the £1,500 mark is about right, but it depends how much you need the money.

Admin

 

[retired_member9]

I wish the Sedo system had an option that told you when the buyer has made their "final" offer.

Yes.
And it can be safely assumed, from my experience, that the first offer is never "final".

 

[Rich]

I wish the Sedo system had an option that told you when the buyer has made their "final" offer.

Admin

They do have that option

 

[aZooZa]

Yes.
And it can be safely assumed, from my experience, that the first offer is never "final".

Yes, the first rule in the business.

 

[Admin]

I just received a first and final offer on a domain via Sedo! lol

 

[Skinner]

Sedo does have a 'final offer' option doesnt it ?

I'm sure I have done offer/counter offer before and selected a final offer option.

 

[Edwin]

I have now been offered 900.00 USD through Sedo - I think that could rise to 1000 USD

Posts like this always confuse me, as there's no account being taken of risk/reward. I often see statistically bizarre stuff like this. Consider...

The reward: potentially $100 extra ($1,000 vs $900)

The risk: $900 ($900 vs $0 if the potential buyer declines)

So you're risking it all for an extra 11% gain! Sounds like a very poor bet... Even Vegas will give you a 50/50 bet or thereabouts (red/black on roulette, double or nothing) so why take a huge risk for an 11% gain? From a buyer's perspective, it just looks petty/foolish like you're trying to mess them around for no particular reason.

If you're going to counter an offer, whether on Sedo or elsewhere, it better be really worth your while otherwise why risk it?

Now what might make sense is to counter at $3,000 or $2,500 (or $5,000 or whatever you have the stomach for). Those are all potentially in the same ballpark for a company willing to open at $900 and who really wants a particular name. If they don't particularly need THAT name on the other hand, any counter might lose the deal.

Nothing ventured, nothing gained.

 

[woopwoop]

4 years ago I turned down an offer of £1200.00 for youmove dotcodotuk. I was looking for £1500.00. - I regret my "greed" now.

I don't know how badly you bernt the bridge at the time but you only countered 300 more so I don't think that the buyer was too serious if they didn't try countering within that range.

Posts like this always confuse me, as there's no account being taken of risk/reward....

I disagree about it being risky, but then again it depends how badly you need the cash. You still have the name so you've not lost everything.

I think it's a good idea to have a price in mind and to stick to it. There's no big deal in letting the buyer know that your min price is £200 more than there offer. But I agree about countering 3k + in this case (again depending on the name and how badly you need the money).

My experience is that there's just as much chance that a higher offer will come in from elsewhere later. Or the buyer will return and counter at which point you can probably guage how much higher it can go.

Not like you've lost the name if the sale falls through.

 

[Multiowner]

Thanks for the comments. Food for thought. The bidding thread opened at 250 USD (offer) and 1500 USD (counter-offer) so I am constrained a bit.
I think that I have 2 options (A) open a sedo auction at $900 or (B) cancel the bidding and stay with the name.
I found ALL of the comments helpful. Thanks.
Tom

 

[TinkyWinky]

Everything has been said about risk and reward... except....why don't you do a basic development if you are not desparate for the cash right now?

Surely with that sort of traffic a few months and with some Analytics stats you will easily get your original amount and may be a bit more... and you will have earned some cash in the interim....

It's got the potential to be about moving right (not chess or any other game taken in turns!!!) .... so a few pages on moving / surveyors and the like and you can add some very simple aff programs like 'iam moving' / home insurance / mortgages etc or even Adsense.

Hey it's a bit of work - but it won't kill you. For a small outlay - why not contact Azooza as they do a simple websites gig for a 'few' pounds.... money very well spent.

Just a thought... I would develop if i had that traffic on it.... even to test the waters... you still have some interest and you can always put a big for sale sign on the website for prospective punters!

TW

 

[Multiowner]

youmove

Thanks guys - for all the comments and advice. I have decided to withdraw from the Sedo sale and keep the name. As I also have wemove dotcodotuk I think that mini sites could be set up and probably linked. I lack the skills, and ,at present, the time. I have just completed - at least the real skill stuff was done for me - goldtrade - Home Page.
I'ld be happy for any comments.
Has anybody ever done a profit sharing deal on this forum? - i.e. somebody using another's domain and developing a web site on it and splitting the profits. Probably difficult to organize and legalize ???
Thanks again
Tom