Finally had an offer 1st time please give me advise

[Takwa]

Hi all,

I had finally got a offer with Sedo after 6 months of parking.
It's only £150 but it is a hyphen domain, so I will accept.
Anyway I want to know how to proceed with the process, and do I need to do anything during the deal or after the deal?
Like:
setting up a escrow a/c???
or send transfer papers???
It's a dot.com domain, I registered with Godaddy.

Hope someone can help. as I am a first timer

Very happy coz this is my first deal

 

[ScottJ]

Sedo take a slice of the sale for a reason, they will mediate and email you to let you know how to proceed and handle the payment after you have accepted the offer.

Maybe worth a little counter offer of £250 no?

 

[sedo]

Hi Takwa,

If you finalise a deal, our system will automatically set up the transfer for you. Feel free to send me the domain name and I would be happy to handle the transfer for you!

Regards,

Shaun

[email protected]

 

[smokin]

yeah, sedo will do it all if its brokered through them.. about £70 ? i think so bare this in mind to see if what you have left it is worth doing!? I think it is worth doing what sji mentioned, i have made counter offers and ended up with three times wat was first offered, the buyer wasn't offended, he just said he knew it was a bit low but had to start somewhere!
Best of luck with it
J

 

[Takwa]

£250....is that a fair price? It has 5,000 visits in the last 30 days, but note it's a "hyphen" domain, If he does not accept my counter, would I lose the deal?

Thanks for all your help guys

 

[ScottJ]

Without knowing the domain, earnings or traffic source it's impossible to say whether it's a good deal or not, I'd counter offer on what you have said for sure but ultimately you should aim to sell for a price that you are happy with and a profit.

 

[Takwa]

Thanks sji

I have noticed when I make a counter, the buyer has the right to accept the price, does that means if he accept, I will not be able to take it up for auction?

 

[ScottJ]

Correct, if you offer a price and he accepts its a done deal but if you counter at £250 and he counters at £200 you could put to auction knowing he has agreed to the £200 and maybe get more interested parties.

 

[Takwa]

ok I will counter it, will keep you guys up to date.
And many thanks

 

[Takwa]

help

Buyer counter with £175, should i counter it with 225? or run auction???

 

[ScottJ]

Only you can decide, he or she has moved so indicated they are willing to do a deal, hence a £225 counter would seem logical aiming for a £200 reply.

 

[Takwa]

ok thanks will do so, keep you inform.

You have been so helpful.

Many thanks

 

[Takwa]

Thanks Sji,

Like you predicted ended up with 200.
Here is the link of the auction, if you're interested to see how it goes:
https://www.sedo.co.uk/auction/auction_detail.php?language=e&auction_id=22724&tracked=&partnerid=

Many Thanks Again

Best Regards

Takwa

 

[ScottJ]

Good job Takwa, you know now that you have £200 at least which I presume is a nice profit for you, good luck with the auction.

 

[mxm]

well done

nice little earner well done... as far as hyphens in domains go do not be put off in anyway... the engines look at non generic terms with a hyphen the same as normal single words...