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Does anyone here have experience selling on SEDO using the Start a Public Auction option? Any good or bad experiences when the minimum is an acceptable offer? Basically after you get an offer, and you can accept, counter, decline or push to auction (for free).
I have received an offer today that is lower than my list price, but is still an acceptable offer for me for this domain (over $5K). But SEDO allows for Start to a Public Auction (Option C) with that bid as the reserved price. It says you are guaranteed that price if no other bids are offered. I wanted to see if anyone here has good or bad experiences with this option when the minimum is an acceptable offer. Is there any risk of losing the orginal bidder? I read the terms and it sounds pretty solid and without risk.
It seems like a good win-win situation with SEDO and the Seller (me) in this situation. I think I could lose the sale if I did a counter offer, but if I used SEDO's option to Start Public Auction then it sounds legally binding to get this offer or higher. I can't see why I wouldn't go for this option? But I wanted to get a sanity check here among the group, and hear your experiences.
Bonus question: Once I push it to auction, is there any recommended ways to promote this to get more bidders. It's a high starting price so the normal auction bidders may be hesitant. Would the SEDO home or category promotions help? I can pay for various promotion methods on Sedo or other places too. But also the timing is tight to coordinate for this short auction.
Let me know your thoughts. And if you have experience with this, please chime in. I haven't seen this type of message posted before this way. So it'll be good to know for others!
Thanks in advance for your help and comments! Wish me luck on this one, lol
I have received an offer today that is lower than my list price, but is still an acceptable offer for me for this domain (over $5K). But SEDO allows for Start to a Public Auction (Option C) with that bid as the reserved price. It says you are guaranteed that price if no other bids are offered. I wanted to see if anyone here has good or bad experiences with this option when the minimum is an acceptable offer. Is there any risk of losing the orginal bidder? I read the terms and it sounds pretty solid and without risk.
It seems like a good win-win situation with SEDO and the Seller (me) in this situation. I think I could lose the sale if I did a counter offer, but if I used SEDO's option to Start Public Auction then it sounds legally binding to get this offer or higher. I can't see why I wouldn't go for this option? But I wanted to get a sanity check here among the group, and hear your experiences.
Bonus question: Once I push it to auction, is there any recommended ways to promote this to get more bidders. It's a high starting price so the normal auction bidders may be hesitant. Would the SEDO home or category promotions help? I can pay for various promotion methods on Sedo or other places too. But also the timing is tight to coordinate for this short auction.
Let me know your thoughts. And if you have experience with this, please chime in. I haven't seen this type of message posted before this way. So it'll be good to know for others!
Thanks in advance for your help and comments! Wish me luck on this one, lol
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