You can now list domain names with prices of up to $50,000.
One of the chief complaints I’ve heard about Sedo over the years was its $10,000 price cap for pricing domain names.
You could set prices for your domain names up to $10,000. Anything higher than that required a paid appraisal or a request for an exception.
Today, Sedo announced that it has increased this cap to $50,000 effective immediately.
This makes a lot of sense, especially in light of the current market for three letter .com domain names. Most of these domains are trading between investors for more than the previous $10,000 cap but less than $50,000. Being able to list these domains at a price between these numbers without seeking an appraisal is a win for both sellers and buyers.
Of course, this cap applies to all domain names, not just three letter domains.
More than half of sales at Sedo are “buy now” sales.
Mark Thorpe says
Smart move.
That was a long time coming.
M. Menius says
Long time coming. A good decision.
Logan says
Awesome move!
Alexander says
What shall i do now? I moved all my domains to Afternic a year ago because of this. Shall I move them back to Sedo?
Joseph Peterson says
@Alexander,
Why not list them for sale on both sites?
Snoopy says
It is not enough, there should be no cap at all. This limits the sale of higher quality names and combined with Sedo’s low level of distribution people would be better off using Afternic.
A name is far more likely to sell on Afternic because the name will show on Godaddy. I suspect most of Sedo’s sales come from names already parked on their platform so Sedo isn’t exactly doing a lot for domain owners, the names parked at Sedo are selling themselves.
ventesites says
you are very right…they should be no cap, domain owner should be able to fix the price he wants.
Christoph Holler says
Hi Snoopy,
thanks for your suggestion. We’ll see how this change works, for now, and we’ll go on from there.
A few remarks:
– We don’t have a low level of distribution. We have so many global partners in our SedoMLS network, just take a look: https://sedo.com/us/sell-domains/promotion-options/ (scroll down a bit).
– Most of Sedo’s sales do not come from parked domain names, but from our search. Afterall, we’re the search engine for domains names 🙂
– Nevertheless, parking your domain names increases the chance of selling a domain name, of course.
– We do a lot for domain owners:
We are the only platform available in English, France, Chinese, German and Portuguese, bringing together buyers from all around the world. We’re constantly visiting and exhibiting at events and conferences, promoting the secondary domain name market and Sedo, while educating potential buyers.
We send out our Weekly Sales List data, so that users can inform themselves about the domain name market, so that potential buyers learn about the value of domains. We also offer flexibility for setting domain prices: “BuyNow”, “Make offer”, “BuyNow or best offer”.
We also redesigned our domain offer page to make the sellers’ domains shine and we also recently sent out this match campaign email (Take a look here: https://domainnamewire.com/2017/01/31/dont-ignore-buyers-identified-email-sedo/ )
So, let’s just see how this price cap increase works out. We’ll be having other great news and updates to share in the coming weeks and months, so keep calm and sell your domains at Sedo.
Thanks!
John says
See what I just wrote below about auctions.
Snoopy says
Christoph most of the market is Godaddy, you don’t have Godaddy and that is why you have a low level of distribution.
I’ve used Sedo a lot in the past as well as Afternic, both at the same time, witch the same pricing at both venues. Afternic generates most sales, Sedo hardly anything. Doesn’t really matter what you claim about languages or going to events, it is all irrelevant because most people look for a domain at their registrar, the 2nd most popular method is visiting the domain itself.
The idea that most of your buyers are going directly to Sedo to buy domains is nonsense.
John says
Loooooooooooooooooooooooooooooooooong time coming.
John says
I still agree there should be no limit, however.
There should also be a no nonsense auction option too. Not the NameJet kind where you have to submit domains and wonder if they’ll ever even reply, but simply the option to open and run as many auction as you want.
Andrew Allemann says
I think Sedo has the right approach by requiring either a bid on the domain to send it to auction or a fee to place it in auction. If they didn’t do this there would be lots of crappy domains in the auctions and they wouldn’t be worth reviewing. As it is, an awful lot of people pay money to put subpar domains in auctions at Sedo.
I also understand why there’s a limit on pricing. They don’t want a bunch of crappy names listed for $100,000. Potential buyers will think the site is a joke and leave. You can always leave the domains as make offer.
Snoopy says
Agree about the auctions.
But I do not think having a crappy domain listed at $50,000 versus $1million will make any difference, whois ever even going to see that domain? Only the people actually interested in buying it, so if it crap it is going to have no visibility.
Who else has these arbitrary price limits? Personally I do not bother listing new names on Sedo anymore.
Sedo should be more worried about missing out on good quality listings that could sell for $100,000 rather than worrying about overpriced low quality names.
Andrew Allemann says
I’d just put those domains as make offer. How many six figure domains do you own?
Snoopy says
I probably have a few dozen priced in that area. If you set something to make offer on Sedo with no price then you’ll be dealing with a stream of low offers, 99% will be time wasting, it is a bad for buyers who waste time making offers on names way above their budget and bad for sellers who have to deal with it. Aren’t Sedo hoping to encourage people to put down BIN prices?
Andrew Allemann says
You can set minimum offer prices on your domains. That min used to be $10,000 but now I imagine it is increase to $50k as well. I would think setting your minimum offers to $50k will eliminate 99% of those time wasters.
Johan Säfsten says
Exactly Andrew. The majority of domainers doesn’t have their head set in reality. I believe this is a bad move for Sedo. I agree with everything you mentioend.. it tarnishes the brand by having balloon prices for pigeonshit domains.
It’s as if I walk in to a grocery store and see regular apples and pears priced at $170/kg … It would be a joke and a scam of a grocery store.
It’s already very hard to find value on Sedo. This will make things worse for buyers.
Garth says
Once an offer comes in, can you counter at any level? That path should be limitless.