Hello and Assalamo Alaikum,
Recently I listed all my domains at Sedo but not much inquiries through them and honestly I want more domains to be sold through DomainNameSales or direct inquiries made through WHOIS because that keeps the commission away and everything is transparent at every stage.
However, today I received an interesting email from Sedo which says that you can auction off your domain at their platform any time for only €59.
Just choose the starting time and your desired minimum bid – that’s it. Your domain auction will be featured on our homepage and in matching search results, attracting bids.
With our new Direct Auction, you are free to choose:
- Which domain to auction off
- When to run the auction
- Your own desired minimum price
- Choose up to 10 domains
- Set a price between $90 and $10,000 and
- Select your desired start date
We’ll send you your own individual auction page link, so that you can share your domain auction with potential buyers.
Additionally, your domain auction will be featured on our homepage and in matching search results, maximizing visibility and reach!
Your benefits
- High flexibility: Start an auction any time you want
- Maximum exposure: Featured on Sedo’s homepage & search results
- Full control: Choose your desired reserve price
I personally think this will bring in lot of crappy domains into auction stage where you will find difficulties in finding the right domain for yourself. Overall, I see it’s good for Sedo as they will end up making more money and auctions will have lower quality of names compare to decent one’s.
What are your thoughts in this regard and would you give it a try some day in near future?
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Their terms are a big ambiguous.
They mention up-to-10 domains, but does that imply up to 10 for the basic US$59 (or Euros if you are suffering the slings and arrows of the European Union).
Further! If the domain/s sell/s does Sedo tack on its standard commission or does the $59 cover it (given that presumably only a fraction of domains will actually sell, so SEDO will reap many $59 fees for each domain actually sold.
Cheers and Slainte!
Carl
I think the price of 59 EURO for each listing remains same if you put up 1 or 10 domains for auction.
For your other question, I think the commission is taken out from the total sale price whereas the auction fee of 50 EURO must be paid in advance no matter the domain gets sold or not. What I have understood so far is you are required to pay auction listing fee + commission fee (if the name gets sold). 🙂