Sedo Fixed Pricing Strategies

[stevef1fan]

Hi guys,

I have a number of names I quite like -

GoReview.co.uk
TotsToys.co.uk
PrimeHotels.co.uk
Parcels24.com & .co.uk
SmileBingo.co.uk

...and a few others.

I just wondered if any of you had seen much success using fixed pricing on sedo, as apparently it attracts more bids.

Where do you pitch the price ? Realistic valuations or way over the top ? If you pitch them way over the top do they still attract the bids anyway ?

Is there any rhyme or reason to the pricing you adopt ?

...You see some awful names going for silly money, which they wouldn't have with a realistic fixed price.

I'm somewhat perplexed with regards to a strategy !

Cheers.

Steve.

 

[retired_member13]

Personally I wouldn't bother yet.

The existing Sedo interface doesn't actually allow people to search for fixed price domains - ie there is literally no way of listing .co.uk domain (or any others) with a fixed price. The fixed price names get lumped in with the guide price make offers domains when you order by price and you can't tell which are which without visiting the listing.

Apparently Sedo are releasing a new backend sometime in Q1 2010 which will restructure the domain searches to allow for fixed price searches etc (it's the second half of the visual redesign done Q4 last year).

Personally I'd wait until the new interface is in place to see how it works before changing the pricing on domains listed there, rather than doing it now and then deciding to rejig it in a couple of weeks to fit the functionality.

There are also apparently plans to introduce new "sales" parking pages during this update, where half the parked page is ads, and the other half is the price, pitch, contact info etc for people to buy.

Ty

 

[stevef1fan]

Interesting stuff. Cheers Ty.

So I suppose the same questions, but with regards to guide prices, instead of just leaving it as 'make offer'.

Do you guys bother with guide prices ? Do they really attract more offers ?

It's all a little bit confusing !

Thanks again.

 

[davedevelopment]

@Ty_

Thanks for that, I'd never gone to any effort to see how it looked from the other end. Have just removed all my fixed prices, nobody was interested anyway!

 

[stevef1fan]

Forgive my ignorance, but guide prices and fixed prices are seperate things aren't they ?

You can bid on a guide price but not on a fixed price ?

I'm not one for reading small print ..

 

[newguy]

There are also apparently plans to introduce new "sales" parking pages during this update, where half the parked page is ads, and the other half is the price, pitch, contact info etc for people to buy.

Ty

I'd been hoping that something like this will be available. Thanks for the info.

I agree with Steves concern regarding the fixed price option though. In some cases could be not be selling yourself short. I know saled such as connected.co.uk for £80,000 probably amount to a 'lottery win', but if it'd been up on sedo for say £5000 it woul've never even had a chance of being sold for such an amount.

 

[retired_member13]

Forgive my ignorance, but guide prices and fixed prices are seperate things aren't they ?

You can bid on a guide price but not on a fixed price ?

I'm not one for reading small print ..

"Seller's Price Expectation" domains are where the seller puts in a price, but is not required to sell for that price. A lot of people use them to get offers on good domains by putting low guide prices to encourage low bids. The value in doing this is that the domains with the most bids then feature in the "Most Popular Domains" section. Saying that, Sedo are trying to discourage this.

Fixed price domains are where the price is in effect a "Buy it Now" price, so making lower offers is not allowed via the interface.

All in all the whole thing is difficult to use for buyers and very poor functionally for both buyer and seller. This is compounded by the new $50 minimum commission which seems utterly pointless when the minimum offer is $60.

As an example of the lack of usable search functionality, try visiting Sedo and getting a list of .co.uk domains for sale - the site keeps giving 0 results with a error message saying "Please provide one or more additional criteria for your search: domain name or keyword, category, or date added". However, when you add "Date Added" to the search you get the same error.

Let's hope that the next version is better.

Ty

 

[stevef1fan]

Thanks for clarifying things again Ty.

Yes, the search functionality certainly isn't the best.

The last time I checked you can't search for domains containing only 2 characters ie. uk, my etc. It only pulls up the exact match, so it's difficult to see how they perform, bids-wise.

DNSalePrice.com seem to manage it, as a search for names containing 'uk' illustrates.