What would you pay ?

[britishbulldog]

If sedo also offered an option to "pay to enter" a domain in their auctions....

I would be happy to pay $25......

Anybody else ?

 

[Theo]

First they need to move the closing soon auctions back on the homepage.

 

[south]

First they need to move the closing soon auctions back on the homepage.

Exactly. I rarely visit sedo anymore. Pain to find anything.

 

[TheLegendaryJP]

The only people who would HAVE TO pay would be those whos names wouldnt sale, therefore it would be like stealing from the blind. If your name is good, they will add it to a featured auction, their fee if it moves is what you pay

 

[britishbulldog]

The only people who would HAVE TO pay would be those whos names wouldnt sale, therefore it would be like stealing from the blind. If your name is good, they will add it to a featured auction, their fee if it moves is what you pay

Not really i have many decent domains which i feel were in a sedo auction would fetch hundreds at least but i need a bid to get them there so paying $25 i would be happy with.....

 

[TheLegendaryJP]

Have you tried submitting it to a featured auction?

 

[Onward]

The only people who would HAVE TO pay would be those whos names wouldnt sale, therefore it would be like stealing from the blind. If your name is good, they will add it to a featured auction, their fee if it moves is what you pay

I agree. Sedo will put the name in if they think it will sell

 

[britishbulldog]

Yeah they are to choosey i once had a one word generic for a spanish auction which was rejected.....

i am talking about any domains rather than specific themed auctions where if you fancy your chances you can pay a fee to enter it and choose your starting point rather and sit and wait for a bid for months and even then you may get lots of low ball offers...

 

[Infoproliferati]

$25 to get a name to auction? Not bad.

 

[Hyphen]

First they need to move the closing soon auctions back on the homepage.

That sounds good.

 

[TopWebNames]

I have never had a name that I've put with sedo go to auction, and all my thousands of names are very good, intuitive phrase type-in names that I regularly sell for at lease $1500, with an average sale of about $3000. So, I'd sure be willing to "try" paying $25 to have a name be in auction. However, so would A LOT of people with junk names, so my guess is that the auctions would then become a quagmire to look through again, like so many other broker/auction/listing sites.

 

[Raider]

Have you tried submitting it to a featured auction?

You really have to wonder what criteria Sedo uses in accepting names to their featured auctions, Names you would think should be accepted are usually not.

 

[britishbulldog]

I have never had a name that I've put with sedo go to auction, and all my thousands of names are very good, intuitive phrase type-in names that I regularly sell for at lease $1500, with an average sale of about $3000. So, I'd sure be willing to "try" paying $25 to have a name be in auction. However, so would A LOT of people with junk names, so my guess is that the auctions would then become a quagmire to look through again, like so many other broker/auction/listing sites.

Good point,what entry price would keep the crap out $50,$75,$100 ?

 

[TopWebNames]

When I was chatting with Matt Bentley at a domain conference a few years ago, he just shrugged his shoulders and said something like... "It's a long story..."

You really have to wonder what criteria Sedo uses in accepting names to their featured auctions, Names you would think should be accepted are usually not.

 

[vague]

If only they would put a more in depth description of what they are looking for. They wouldn't have to sift through so many "junk" submissions.

 

[britishbulldog]

Simple have a $100 starting price with a minimum commission of $50 with either a bid or a $50 entry to kick the auction off....

both ways should keep the crap from the auctions maybe ?

 

[TopWebNames]

Something significant sure needs to be done to make auctions MUCH more viable. Maybe also have additional criteria or sections of auctions for: "The best of the best names", "Very good names", "good names", "average names", "poor quality names", "total junk", etc.? Naah... that wouldn't help. Most people with junk names sincerely think that their names are good, very good, etc. I get offers/queries often re: really bad to terrible names, with asking prices that amaze me. Then again... I often see names that make no sense to me at all listed on Ron Jackson's DNJournal Domain Sales page that have sold for hefty prices. As the saying goes... "go figure"...

Simple have a $100 starting price with a minimum commission of $50 with either a bid or a $50 entry to kick the auction off....

both ways should keep the crap from the auctions maybe ?

 

[grcorp]

Good point,what entry price would keep the crap out $50,$75,$100 ?

IMO, no amount of money would do it.

This is what was so good about Bido's system... the community would vote on names, and those that reach a certain level of votes will get accepted to auction.

So as to not waste the voters' time, a non-refundable fee such as $25 would keep the crap out, considering it doesn't guarantee entry to the auctions.

This would increase sales, thereby making the domaining community stronger, and increasing commissions for Sedo. That said, the $25 submission fee could be put towards the commission, so you're not stuck paying the $50 minimum + $25 listing fee on a $100 sale, netting you just $25.

 

[DC20]

So, perhaps the better question is what happened to Bido? Why did they not have a successful model? And if it was, then why did they abort? Perhaps I slept through that info in other forum posts, but this seems as relevant to the issue as anything.

 

[grcorp]

So, perhaps the better question is what happened to Bido? Why did they not have a successful model? And if it was, then why did they abort? Perhaps I slept through that info in other forum posts, but this seems as relevant to the issue as anything.

Bido was attempting to enter a very established market, using a business model that was far too fast paced, and a UI that wasn't easily usable.

I never said the idea worked well... but there's no denying that having humans review a name before it gets listed in auction helps cut out the crappy domains and only let in the ones that will get bids and in turn, earn Sedo their commission.

The reason I feel this is vital to their business model is that visible demand is perhaps the most powerful catalyst in making a domain name (or anything for that matter) sell for a higher price. I don't have to go mining all over NameJet or Snapnames to see b-minus domain names getting multiple bids. That happens because the competition is there.

The "Offer/Counter-Offer" model doesn't allow for this, and is preventing much business waiting to happen, from happening in the first place.