Sedo put together a graphic in their latest newsletter that chronicled buy it now sales. 2008 saw buy it now at just 2% now they are at 56% with numbers over 65% in recent weeks.
Debates go back and forth about whether or not to list your names at buy it now or make an offer. There are pros and cons for both.
The biggest con for buy it now is you will never hit that outlier homerun. You don’t know if it is Google hitting the buy it now or little Joe’s thrift shop.
The flipside is that many businesses do just like to buy and move on with no haggling.
So have you increased your number of listings to buy it now ?
Leave a comment.
I personally think that if one is to set BuyNow then there is no need to use Sedo ( given the amount of ‘dead beat buyers’ at their platform, which is a head and heart ache ).
One might as well deploy its own BuyNow landing page, choose a escrow provider and market it with one’s own Marketing ). There are hundreds of proper Mail / List softwares around for less than 50 bucks. ( no association, but at codecanyon net there are lots of very nice and efficient turn key templates to full systems, mailWhizz is a great example ).
Sedo makes assured money by 100-200 domains sold quickly at low profit margin than lucky, unpredictable 2 – 4 high value sales. No wonder they will always promote Buy Now listing. Domainers need to think from his/her requirement point of view, high value or quick sale, and list accordingly.
It should be noted that back n 2010-2012 I actually sold domains at SEDO on a regular basis. The last two years sales at SEDO are rare. What happened?
-Penguin/Panda
-New TLDS
-???
The minus of a “Buy it Now Price” is that if someone wants to enter a lower offer, they cant. So you are losing the chance to sell a domain if its to high for the potential buyer.
There are domains that I look to buy but b/c the price is set, I cant start a negotiation with them. I assume some would sell at a lower price.
@leonard
Penguin/Panda – nominal if any
Last year I received on average 20 offers per week via Sedo. Now maybe 2.
Most of my sales were to end-users. So I suspect the new TLDs are the reason for the decline in sales of domains that have valuations between .$1500 and $10000 USD
If you input your coveted name into the domain registrars (GoDaddy, Register, Netsol, etc), and this domain is not available, the alternatives comprise several TLDS.
I still had a decent year, as I had some good sales to a few large end users.
But the offers have been way down, and I don’t expect a change with the abundance of supply.
AS they say, glad I didn’t quit my day job 🙂
I always used to sell domains myself rather than through SEDO, AFternic etc etc and I much much prefer that bedcause you have control over it. I then sold a few through Afternic but all in all I hate “dealing blind” because you do not know whether you are getting the full amount you could do. I always think that if someone (end user) really ,really wants your domain then they will find you and buy it. If they don’t really really want it then you will not get best price anyway. Most people don’t buy domains because they want to, they simply HAVE TO (for their new company etc) As for BuyNow ,nope dont like it at all.
the worst thing about SEDO,
You cant sell names with Buy it Now for more than $10k.
In addition they’ve removed traffic stats from search results.
Not true. You CAN sell names with Buy In Now for more than $10K on Sedo. The trick is to not use their manual name entry; instead, use their spreadsheet upload feature. I did that and they accepted my BIN domain names at $30,000, $22,000, etc. I am not sure why this is so, but it has worked for me.
Buy it now really works, I have used it many times and it boosted my sales.