Hi everyone,
I always find it happy to share my experiences, no matter how good or bad they’re. You might think why I still find it beneficial is because my fellow domain investors could at least avoid repeating the mistake I made.
So today I sold a domain via Sedo for $988 whereas I’ve priced it at $9,888 at Afternic. I by mistake priced it $988 instead of $9,888 at Sedo! Oh well, what a costly mistake I made.
This is the first time such an incident has happened in over 12 years and hopefully the last time as I will be more vigilant every time I will add the domain and add price to it.
I think there are a couple of tools to check if the prices match with all marketplaces, such as DnAcademy and Domain.io. One of my good friends told me that this can be done manually via excel sheet by downloading portfolios from the marketplaces and then matching it manually. Does anyone know any other free tool to double check the prices at multiple marketplaces?
Thank you for reading and feel free to share if you have had such experience in the past and how you dealt with it.
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Hmm. Thanks for sharing. I recently deleted all names from DAN and SEDO as it was a constant battle to keep the prices in sync.
I still believe it’s worth listing both at Sedo and Afternic because Sedo still gives you a rare surprise of sale even when not using Sedo lander.
Dan is the part of Godaddy/Afternic. Sedo is an alternative, and probably the only one worth attention. Yes, adding/editing prices requires attention, and same can happen at Afternic.
Sedo is definitely worth listing your domains.
Domain.io will show you the prices side by side for sedo/afternic/dan
For free can bulk check prices at expireddomains.net
I’m aware of them like I mentioned but I’ve heard some horrid stories of their support so I’m a bit hesitant to use their paid service when I get no support if needed.
You can crosscheck pricing on Sedo.com against your own BIN within Efty Investor very easily these days:
https://blog.efty.com/2023/01/10/sell-more-domain-names-with-eftys-sedo-integration/
Thanks Doron for sharing this. I’ll definitely check this out and give the feedback.
I removed all my domains from afternic /dan and sedo and wait for 2-3 days and then put in the updated fresh data.
Definitely a challenging task to do that when one have thousands of domains to manage.
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I keep ~4500 names in a Google sheet, and run app scripts to generate my bulk uploads for Dan (+afternic), sedo and efty. It saves a lot of time, and also is pretty watertight for avoiding issues like this. Takes a little knowledge, but I’m not a dev and managed to do it.
Thanks for sharing about how you manage this thing. I’ll explore this option. I appreciate it for sharing it.
It would be helpful if Sedo sends an email confirmation detailing the domains and prices added when using Sedo to upload or update prices. This confirmation email could also serve as evidence to us in case of mistakenly entering the wrong price.
Yeah, that’s a good idea and it would be nice of Sedo to do it just the way Afternic does it.
Fallacy: lost out on $8900
Truth is, if it was listed at $9888 it may never sold to that buyer.
It likely sold because of the low price (error)
So the 8900 “loss” was the theretical loss assuming it eventually sold @ 9888
Your real loss: $988 – cost price – renewals
(assuming your cost basis >988)
You’re right in one way but had this domain been with me for repricing, I would’ve priced it in 5 figures, not because it sold for $988 but on the basis of domain name.
Well, the main purpose of sharing was so others can get a heads up and look into their portfolio for price check at multiple marketplaces.
Thanks for your comment and I appreciate it 🙂
I recently sold a one word adult name in an ngTLD. Sold for $150. I thought I had it listed for $1500 in DAN. Costly mistake!
Had bought the domain for $130 or so!
Oh well! I can understand that pain. Thanks for sharing. We should be more careful while pricing our domains.
I face same like problem at Dan i got $500 offer for my MeetWee.com domain then i counter and buyer come to $1250 i come from $2400 to $1350 so try to type counter $1350 but wrongly send $350 and offer accepted and payment done with in 1mint. I shocked and contact Dan help but one of agent push to me accept low offer $350 without check my previous chat conversation so i complaints and call to higer office then cancel and relist and sale another china user. Thanks
Thanks for sharing your feedback.
I’m glad to know Dan was able to sort it out since you had a previous conversation which clearly showed that you had countered $2,400 so going from that amount to $350 just didn’t make any sense.
In my case, it was Fast Transfer and the domain moved swiftly out to another registrar after it get sold. There was no chance of reversing anything in my case.
Hello Abdul, I hope you and your family are doing well, and enjoying 2023.
Sorry to hear about your loss of domain sale funds.
A lesson to learn, and a good question you have asked with some great feedback from your blog readers.
This is another eye opening post.
Keep up the hard work and congratulations on your other domain sales.
Matt Morgan.
Thank you my friend 🙂 I’m doing good and hopeful you’re doing great as well 🙂
I always like to hear from you and your feedback is always appreciated.
Its maybe one of good sign that you will create new 6 figure sales in 2023 or before February 2024.
Thank you!
I’ll make sure to share it with you and everyone when I do so.