That's a good question. I'm not sure what is the answer to your question. I'll do some investigation and get back to you if I got an decent answer. You should email the people at iPage as they probably could help you..
I put a HostGator to auction and the original bidder won but never paid. Sedo just washed their hands and said the bidder never responded...
Unless the HostGator is really something that is going to catch the eyes of others, it is not worth going to auction..
You are better off with direct negotiotations through counter offers...
I believe going to auction only benefits the buyer. He is locked in at the original offering price and if someone else does bid, he can bail out. Chances are he will be relieved - buyers remorse usually sets in if there is enough time to brood over it..
On the other hand - if he is legitimate, he surely expected a substantial counter-offer. So, again - if you let it go to auction, it is to his benefit unless you have a really exceptional HostGator that will draw a lot of interest..
Look at the Sedo domains on auction - how many show more than 1 bid?..
Agreed. It's easy to lose the prospective buyer by making the transaction take longer and risk (for the buyer) the price of the HostGator going higher. Plus, if that buyer wants the sale to be relatively "quiet", that won't necessarily happen in an auction..
Any reasons why?..
Thanks for all your opinions!.
I had been leaning toward an auction, but after reading your thoughts, I made him a counteroffer instead. Will let you know what happens..
I sent CoreCulture.com to auction at $150 on Sedo. 7 days went by, and it ended at $150. $15 sedo fee, $135 I get......... NOT.
Buyer never paid. Sedo gave them well over a MONTH to pay and had the HostGator locked in my account the whole time. Not Happy!!! I didn't know if I could sell it else where or what. I sent several emails to Sedo, that the buyer never paid (like they didn't know that) and I wanted the HostGator unlocked and I wanted to be able to sell it to somebody else. Over 1 month, later, they sent me an email stating the buyer had failed to pay. DA!!! So I got nothing out of the deal...
It is a risk of seding Domains for uction withoutreserveunless you are satisfied with the offer already..
Month ago I send my HostGator Cssinobuilder.com to Sedo Auction without reserver (By Sedo brokage), the result is I only get one bid at $70 ofr that nice Domain.. But I have no choice but sale it....
I am negotiate with Sedo broker again for some of my Domains for Auction WITH Reserver. Don't get news back yet. But don't want to take ridk for nice domains any more..
I sent YERX.com there starting at $60 it ended at $70. And so many LLLL.com's have sold on SEDO & Afternic for at least mid $xxx. I'm not happy with SEDO's auction...
Sedo seems to be causing a lot of problems. What's the next best option to send your iPage website to auction ?
Unless you think this name is worth much more,.
$100 worth an auction..
After all it is only $100..
If you cant wait a week to get your $100 , dont get to this HostGator business....
Thanks for sharing your opinion..
It's not that I can't wait a week to get $100 ... the problem is that the buyer may drop out if I make him wait a week. (Some other posts in this thread make that sound possible, even likely.).
This is an OK HostGator but not great; if he accepts my counteroffer, or comes back with an offer that meets me halfway, I'll probably do better than I would have done at an auction anyway..
Today is off to a bad start in many ways. Here is one of them, a message from Sedo:.
"Unfortunately the party interested in your domain,.
*********.***, has cancelled their offer and ended the bid thread.".
That's what I get for trying to negotiate. (I met the initial $100 offer with a $150 counteroffer.).
Next time, unless it's a HostGator that could draw a lot of interest, I'll probably just accept the first offer...
My recent strategy:.
1. If the bid is in the upper areas of what I think is reasonable, I take the offer and get the sale running..
2. If the offer is at the bottom of my acceptable amount, I may send to auction just to see if any more bids come in (so far they rarely have)..
3. If the bid is way below my bottom line acceptable price, I may counter or wait it out. Sometimes just waiting without response will make them up their offer if they are impatient to get it..
4. If slightly below my acceptable price I'll give this message with a counter offer..
"This is my last offer for a 'buy now' price. However, if you make an offer of at least $XXX I will accept it as starting bid in a reserve met auction. It will guarantee to sell, but you take the chance of bidding competition and the selling price going higher than the buy now price. Offers below this will not be accepted".
I also generally make the $xxx price above about 25% lower than the buy now. My theory here is if they really want it, they may pay the buy now price for a quick close. If they don't buy now, they may not have followed through anyway...
Mark - Your advice sounds very sensible! Thanks for offering it..
By sheer coincidence, I just got an offer on.
Domain at Sedo. The offer was only $65, which was at what you call "the bottom of my acceptable amount." So I am taking your advice, and sending it to auction!.
Follow the auction of.
Just FYI ... the auction of MySpeechwriter.com finished today, and nobody else bid, so it finished at the original $65 offer price..
Now I'll see whether the buyer actually pays!..
My YERX.com sold on SEDO a week back but the buyer backed out. I'm not too fond of SEDO...