Recently I sold my first domain name at Sedo. Sedo is a well known domain broker and is active in the domain business for more than 5 years. They have experience with all kind of domains. The well known .com & .net domains but also the more unknown extensions like .it or .pk. It gave me a great feeling when I sold my first domain and got the money in my bank account. I will give you an article about the process I went trough.
First you have to sign up with Sedo. When you are logged in you are only 1 click away to add your domain. In ‘My Sedo’ you will find the text link ‘add Domains’ and you can add yours.
When you added your domain you have to change your nameservers of your domain. You have to log in at your registrars website. Click on DNS management and change the nameservers in: ns1.sedoparking.com and ns2.sedoparking.com. If you did this, the domain will be pointed forward to Sedo and you got your domain parked. At this point you can start making money from parking your domain while promoting it for the sale.
If you promoted your domain well, or just got an interesting buyer and the potential buyer made an offer on your domain, you have 3 options.
- Accept the offer immediately
- Make a counter offer
- Take it to auction
Accept the offer immediately: This is something you should only do if you think the offer is to high for your domain. For example: if you have an offer of $ 1,000 for the domain: my-dog-spikey.com you should immediately accept it and run with the money :).
Make a counter offer: If someone makes an offer on your domain he will most likely not bid the full price he is willing to pay, but maybe 50% of it. Maybe he is trying to get it cheap, you don’t know. But what you do know is that the person who made the offer is a potential buyer, and he wants the domain name. He might be willing to pay more than the offer he first made. It is risky to make a counter offer. If it is to high, you might scare the potential buyer and will loose him.
Take it to auction: You got an offer and you are satisfied with it. Than you can also take it to auction instead of accept the offer immediately. Now your domain name will be on auction for 7 days. In this period other people can make an higher offer for the domain. You have a chance to sell your domain for even more.
The next stage: Your auction has ended, or you accepted the offer that was made on your domain. You and the buyer of your domain have now agreed to a legally binding contract for the sale. You (and the buyer) agreed to this while signing up with Sedo.
Now Sedo’s transfer team will assist you with the transfer. The will send a request for the payment to the buyer and the buyer has to pay within 10 days. When the payment is successfully received by Sedo, you will get a request to transfer the domain. You will have to go to your registrars website and request a AUTH code (authorization code required for a transfer of a domain). Also unlock the domain. Then send the AUTH code to the Sedo transfer team, and they are sending it to the buyer. Now the buyer can begin the transfer of the domain to his registrar.
This seems hard to do, but the Sedo’s transfer team assists you very good, and if you have questions you can always email them.
The transfer of the domain to the buyer’s registrar can take up to 2 weeks. When it is finished, Sedo will send you the money. They can receive the money at PayPal, but also with bankwire or with a check. It is what you choose.
Now the transfer and the money is on its place and you successfully closed the deal.
I hope you have a good idea of the whole process you have to go through when you sell a domain name on Sedo. Thank you for reading.
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February 21st, 2007 at 10:37 pm
That was a great post Nomar! Good information.
February 22nd, 2007 at 8:44 am
So did you take your offer and run because it was way more than the domain was worth?
February 22nd, 2007 at 9:15 am
No, I took it to auction. and it was not way more than the domain was worth
February 22nd, 2007 at 9:33 am
[...] One reason why I enjoy blogging so much is that I am instantly able to connect with a community of like-minded individuals. I have received many new visitors this past week and I have been reading many of their respective blogs. I wanted to take some time to highlight some of the interesting articles I have come across from some of my new favorite blogs… Matt at TakeMoreRisks.com has been an active commentator on my blog lately and I have taken some time to look over his blog as well. Matt has a refreshingly honest approach to his posts and one article I especially liked was “The 10 Greatest Mistakes I’ve Made Since Starting My Blog.“ Josh Buckley also blogs about web development and business in general. One aspect I like about his blog is that he writes quite often about his side projects. Josh recently created his first free Wordpress theme and he noticed an immediate increase in traffic and Feedburner subscribers. Read more about Joshs’ projects on JoshBuckley.net. Nomar of KingNomar.com writes informative articles on topics such as, business, domaining, and SEO. Nomar recently made a domain sale at Sedo and wrote an interesting article entitled, “The Process Of A Domain Sale At Sedo”. Jane May and John Anthony run a fascinating blog about career development, investing, and entrepreneurialism called CareerRamblings.com. One article that I especially liked was about how to conduct yourself during an informational interview. Collis Ta’ee, author of online business blog, NorthxEast, wrote an interesting article about immitation verse innovation for web businesses in the article, “To Immitate or Innovate?“ [...]
February 22nd, 2007 at 1:06 pm
That’s some great information. I have a few domains I might need to put on auction.
February 22nd, 2007 at 2:52 pm
[...] February 22, 2007 at 1:37 pm · Filed under Uncategorized Process of Selling domains at Sedo Well-explained, worth the read if you want to know how the process goes![news][technology][industry news] [...]
February 22nd, 2007 at 3:11 pm
Thanks for the informative post Nomar, This may come handy for me in the near future.
Regards,
Allen.H
February 22nd, 2007 at 5:38 pm
Good step-by-step, Nomar. I’m getting ready to sell off a few of mine. Reading this kinda got me thinking about doing it soon.
February 22nd, 2007 at 6:04 pm
Good to hear you like the article !!
It is good to know what you are getting into when selling domains at sedo ofcourse
February 22nd, 2007 at 6:58 pm
Wow, that’s a lot of Diggs for a domaining article. I’m surprised it wasn’t buried after 5 diggs.
February 22nd, 2007 at 7:05 pm
Good article Nomar, well explained
February 22nd, 2007 at 8:25 pm
digg suXX!
February 22nd, 2007 at 8:37 pm
Informative post - thanks for sharing your experience.
February 22nd, 2007 at 9:21 pm
Enjoy the surge Nomar! It’s good to see your blog is not crashing from the traffic boom!
February 22nd, 2007 at 9:29 pm
Thanks Steve, I have a good host, It can handle it
February 22nd, 2007 at 9:32 pm
Whoa digg users found this informative? This takes the concept of spoon-feeding to a whole new level.
February 22nd, 2007 at 9:35 pm
[...] Process of Selling domains at Sedo Filed under: Uncategorized — recar @ 8:01 pm Process of Selling domains at Sedo Well-explained, worth the read if you want to know how the process goes![news][technology][industry news] [...]
February 22nd, 2007 at 9:48 pm
I bet you got a lot of traffic!
I see you had 72 readers for yesterday.
February 22nd, 2007 at 10:15 pm
I’m impressed by the fact that no one has called you on the fact that this appears to be a blatant pay-per-post advertising article.
Three links to Sedo.com in the first two paragraphs all with the title tag “Sedo Domain Broken” seems a bit excessive. When I combine it with the excessive use of ‘Sedo’ instead of generic pronouns “they” and the language you’re using, this reads like a pay-per-post ad from ReviewMe.
Now I may be wrong and you’re just very meticulous with link tagging and name-dropping, but it seems odd.
Were you compensated by Sedo to write this post?
February 22nd, 2007 at 10:17 pm
No, This is not a sponsored post in any way, I just added the links for the readers.. no sponsor / advertising money involved with this post.
February 22nd, 2007 at 11:42 pm
While you may say it’s a legal binding contract. There are quite a few instances of buyers not paying and SEDO doing nothing. It’s really hurting their reputation as a domain seller.
February 23rd, 2007 at 12:09 am
How come everyone thinks this is such a good article and how come it even showed up on digg? This guy can barely write coherent sentences. Obviously English isn’t his primary language.
I can write an article about ordering food at McDonald’s and what the process entails, does that mean I can be front page on Digg too?
Shit
February 23rd, 2007 at 2:32 am
You forgot to mention that SEDO keeps 10% of the sale! It’s still a great place to park and sell your domains.. I’ve been using SEDO for about 6 months now.
February 23rd, 2007 at 5:59 am
I wonder how many new domains were listed by Diggers on sedo after reading this article
February 23rd, 2007 at 9:25 am
Hehe, me 2 Kenny
February 23rd, 2007 at 1:43 pm
Informative, Thanks!
Out of interest, who do you host with?
February 23rd, 2007 at 1:48 pm
I have my own host Togge, If you want hosting, you can contact me using the contact form
It can handle diggs, good hosting
February 24th, 2007 at 3:12 pm
After this Digg Effect your Alexa must be through the roof!
February 24th, 2007 at 3:30 pm
It has a big spike in it now due the digg effect !!
my rank is now: 156,919
February 25th, 2007 at 3:14 am
[...] The Process Of A Domain Sale At Sedo (tags: Domains) [...]
February 25th, 2007 at 6:58 pm
[...] 4 days ago I got on the frontpage of digg.com. This was a great experience. I tried many times to make it to the frontpage, but I failed time after time. For the readers that do not know about what story I am talking about, here is the link to my domain sale article. The article got dugg over 300 times. It is not a top story but I made it to the frontpage !! [...]
February 26th, 2007 at 2:51 am
Great post! I haven’t dabbled in domaining at all, but it certainly seems lucrative if you really get into it.
February 26th, 2007 at 6:32 am
Thanks for the SEDO post - I had an unused domain available and didn’t know these type of domain trade houses existed.
February 26th, 2007 at 5:02 pm
[...] Kingnomar.com posted an excellent walkthrough yesterday detailing the process behind selling domain names through Sedo.com. He made something like 400 bucks selling pokeralive.com through their service. [...]
February 28th, 2007 at 12:47 am
@Nomar:
“No, This is not a sponsored post in any way, I just added the links for the readers.. no sponsor / advertising money involved with this post.”
Okay, in that case I apologize for accusing you of being a pay-per-post spammer. Your post had a lot of the hallmarks I’ve come to recognize as pay-per-post spam. I’m willing to take you at your word, so thanks for being honest about this.
Once again, I’m sorry for the pay-per-post accusation. Thanks for clarifying.
February 28th, 2007 at 10:39 am
No problem Andrew !! I appreciate this
March 12th, 2007 at 1:34 am
I’ve been in touch with Sedo because my domain has been “squatted” after it failed to be renewed at our registration provider. The domain had been squatted right after release and has been paid twice to SEDO but has still not returned to me, the righteous owner.
Buying real estates and cars can be good, but, taking away a domain to earn money with it; while already in use by its owner for up to 8 years is still a little bit over the top not?
It would be like I’m going to sell your car because it’s parked in front of my curb and the key was still lying on the dashboard. I’d still; even if the key is visible; do not have the right to “just take” away the car because it looks abandoned.
Hence, the domain was not abandoned and heavy in use by me till I found out I didn’t receive my emails anymore from the regular lists I am on. That time it was already too late…
March 20th, 2007 at 9:32 am
Hi all!
I want to all of you know, World is mine, and yoursite good
G’night
March 28th, 2007 at 5:01 pm
Stay away from Sedo if you feel your time is valuable. I took my time to do research on some domain, registered with sedo. I entered my credit card information. I bid and I confirmed that I won the domain name. I never received any confirmation so I emailed Sedo, because they do not have phone number on their website. It was Friday night. I got contacted by Sedo representative on Tuesday and she said that they do not have my record so they cannot help me in any ways. She was asking me if I have screen shot of webpage that says I won the bid. Would you take a screen shot if you won a bid in eBay? I trusted the system to work 100%. I bid in the last minutes so it made the auction to extend for another 10 minutes so something might got screwed. They need to place serious quality assurance on the system and customer service.
March 28th, 2007 at 6:23 pm
Gunther, that really is a amazing bad story !!
Damnit, lot of complaints at Sedo i see
April 3rd, 2007 at 4:48 am
I bought seankrobb.com via sedo and I’m incredibly dissatisfied. Luckily I didn’t pay very much for the domain as it is been almost a month and I still don’t have it.
Sedo is currently the registered owner so it’s not like they don’t have control of the domain. At this point they have my money and my domain. I’m not sure I’d EVER use sedo for a serious domain purchase.
April 8th, 2007 at 7:10 pm
willk
This is my 1st year as a newbie.I started with sedo
and have stayed with them. I’ve sold 2 domains, one
thru netsolutions, and one thru sedo. Both deals had
some lumps but were sucessful. I believe this is SOP.
No one help me with the process of choosing names which actually have potential. I stumbled thru it
on my own. 400 names later maybe I got the hang of it.
The two names paid the entire bill!
SEDO WAS THE MOST HELP OF ANYONE!!!
by: freshbitch @ sedo
April 25th, 2007 at 6:19 pm
Those individuals who have trouble with SEDO must not
have experience with domain bidding and transfers.If
they did they would realize that it is by nature that
the process does not go as smoothly or quickly as they
through any broker. SEDO has always been quick to respond and eager to do the right thing. If you have ants in your pants see an exterminator, but if you want to
SELL GOOD OR EVEN NOT SO GOOD DOMAIN NAMES SEDO WILL
DO IT!
gemCOMS @ DNjournal
May 10th, 2007 at 9:17 am
Hi guys, I don’t know how to take my domain to auction and I wanted to take it to auction, can you guys provide me informations on how to do so?
May 10th, 2007 at 9:57 am
If you want to take your domains to auction, you need a start bid on it. So you need to receive a bid first.
If you think your domains are good enough, you can mail sedo and ask if they could list your domains for auction. If they are good enough they will reply and give you instructions.
May 11th, 2007 at 5:02 am
So do you mean that if i want to aution my domain, i need to contact the sedo team.
May 11th, 2007 at 9:11 am
Yeah, if you dont have offers you can do that yes.
You must have a quality domain to be allowed though
May 15th, 2007 at 10:22 pm
great info you have here! thanks a lot….i found this through google btw not digg just so you know….even with your minor grammatical & other mistakes, it’s readable, understandable and very well written! that’s the essence of communication. You don’t have to be fluent in any language to be an effective communicator. thanks!
May 15th, 2007 at 10:36 pm
Thanks for your compliment asmerina !! I appreciate that. And good this post is receiving some Search Engine traffic to
May 24th, 2007 at 9:25 am
You say that someone has to make you an offer before taking this to the auctions. There are some domains at the auction without bids.
My domain is really good, has traffic, google and yahoo still have many pages indexed, but i don’t think people find my name in the for sale listings. How do i get my site straight to the auctions?
May 24th, 2007 at 1:27 pm
Email Sedo and aks if they can bring your domain to auction without any bid. PM me to, maybe im interested!
July 19th, 2007 at 9:20 pm
Thanks for clearing this up for me. I did not really know how you sold them.
September 5th, 2007 at 3:50 pm
Sedo? Don’t waste your time like I have this past month.
I sold a domain a month ago through Sedo. They advised me that they had received the money from the buyer. They asked me to unlock the name and to provide them with the EPP number which I did. Within a few days, I received an email from a registrar asking to fill out the paperwork to transfer the name. I emailed Sedo asking them if it was a legit request. Never heard back from them. I called 3-4 days later and was told to go ahead and filed out the paperwork.
2 weeks later, I still hadn’t heard from Sedo. I called them and was told that my name still on the whois. I checked it out and sure enough my name was there along with other data that I don’t have a clue where it comes from. It lists a different registar now with a phone number. I called and the phone is not in service. I emailed back Sedo and they did not bother emailing me back. I called them last Thursday to be told that the payment would be wired to my bank the next day. Guess what? As of this morning, 6 days later, the money is still not there. I emailed Sedo again and no reply. I called them this morning and they still don’t know what’s going on. I was told that they’re going to contact the buyer.
I’m not holding my breath.
I will send them a registered letter next Monday if I don’t receive the payment. If this doesn’t work, I’ll have to go a different way.
Sorry folks. I had to vent at their inability and their incompetence to perform a simple transaction.
September 5th, 2007 at 4:02 pm
hmm, that is not nice from sedo !
was it a big sale??? damnit, i feel sorry for you!
September 9th, 2007 at 1:00 am
I am a newbie and listed my domain with SEDO and am expecting to have it for a few years. I wanted to use SEDO’s support to put some content on my page. I cannot figure out how to do that even though they show you different templates but no directions on how to access them. Can anyone help? Thanks
October 10th, 2007 at 6:46 pm
Chuck, you fine an explanation at http://www.sedoparking.com on how to do this.
SEDo is great, have used them a lot, a sell lots of domains trough them. good company! j.
October 10th, 2007 at 8:20 pm
I’ve used Sedo for almost 5 years, but am very disappointed by their willingness to keep sellers in the dark until they find the nerve to ask really simple (somewhat idiotic) questions that can easily be answered in one line or less on the SEDO.com
Specifically, I’d really like to sell my website with content, but there is absolutely no explanation how the escrow process handles it.
This is a potential disaster if you have a content driven website with thousands of original images (the reason why I am asking so much), especially if the buyer denies that he received that content and the auction has to start over again. In a domain only auction, this is no problem, no real loss as it stays in your name. But in a website auction, its the kiss of death; what if that buyer never planned on buying the domain, just get his greasy hands on all your hard work…?
I have searched Sedo high and low to see how this process works and have yet to receive an email back regarding this inquiry (almost 2 weeks later).
October 15th, 2007 at 3:35 pm
Recently, I had a bad experience with sedo. I got an offer to a website which I’m selling. After a few transactions the buyer and I agreed to the price but more than 20 days have past still he did not make any payment. I’m so frustrated after all the time spent waiting for him to pay where it could have been sold to another buyer.
I heard a lot of stories like this from other forums and it is just so irritating.
I hope sedo makes changes to its system and policy to identify fraudsters beforehand.
October 30th, 2007 at 10:03 pm
I recently attempted to purchase a domain from Sedo. My experience was wholly unsatisfactory. They sent me an email announcing that I had “won” the domain at auction, inviting me to contact them with any questions I had and promising to make the completion of my purchase efficient.
I had several questions, including a request that Sedo provide me with whatever documentation existed that proved the seller in fact owned the domain I had agreed to purchase. I think that request only prudent.
None of my emails were ever answered. I received instead several demands for payment followed by an email cancelling the sale.
These are hardly the actions of a reputable company in my view.
October 31st, 2007 at 4:10 am
I recently parked some domains with Sedo. My first shot at this. so far everything seems to be going smoothly. The domains are brining in a small amount of ad revenue (which is better than nothing). I had a question about 2 domains taking what seemed to be a long time to clear my account so I e-mailed Srdo and they were quick to respond with the solution. My question is that I too can’t figure our how to customize the parked domains templates or add an image, In there help guide it says to go to the optimization page but when I get there there are no links to custom templates or photo icons as they stated in sedo help. Help . Thanks
November 2nd, 2007 at 12:02 pm
[...] domains called Sedo is not that popular under the average user. A while back I made a post about the process of a domain sale at sedo. This post was hit to the digg frontpage and is still receiving search engine traffic today. There [...]
December 31st, 2007 at 5:14 pm
I purchased a domain name from Sedo, but the owner did not approve my registrar’s transfer request and it subsequently timed out. I sent them many emails asking them to look into the matter. When I received no response, I opened a PayPal dispute requesting a refund. This also fell on deaf ears.
After many more emails to various addresses at Sedo, they finally replied, claiming that I had performed a chargeback with my bank and that no money was owing to me. They also locked me out of my account with them, which was completely unwarranted.
I had absolutely not initiated a chargeback with my bank. In any case, I double checked and there was nothing of the sort. When I told them that they were wrong, they said that their financial department had confirmed the chargeback and that the case was closed.
Ironically, I now have to initiate a chargeback with my bank in order to get my money back.
Moral of the story: never do business with Sedo. Their conduct is incompetent and unprofessional, and their customer service leaves much to be desired.
June 18th, 2008 at 7:24 pm
Hi Nomar, I want to see my domain mychrosoft.com on auction. Could you help me out so that I can keep my step at the right way?
June 23rd, 2008 at 8:09 pm
how can I make it for auction? http://sedo.com/search/details.php4?domain=mychrosoft.com&tracked=&partnerid=&language=us
June 27th, 2008 at 7:43 am
Read above Nomar said it quite a few times how to get listed in Auction, after you get a bid, or if your name is good e mail them and ask them to get on Auction. By the way Nomar how are you!
September 10th, 2008 at 9:10 pm
Sedo auctions usually hit fair market value, so a lot of times people just want it in the auction no matter what the starting bid is.
I created a service at http://www.PushToAuction.com where you can advertise domains that you are willing to push to auction if you get a $60 bid. The site has started 259 auctions since it went live in May of this year, and has earned sellers $69,480 so far.