Selling A .co.uk Domain Name Via Sedo
|
Selling a .co.uk Domain Name via Sedo
This is a recent example of our experience selling a .co.uk domain name via Sedo. If you are new to domains or Sedo this will give you a guide on the process and the time scales involved.
Negotiations
This is the hardest part of selling a domain ? how much to ask?Ask too much and the buyer may lose interest. Ask too little and you may not get the best price possible for your domain.
You can use www.domainprices.co.uk to get an idea of recent .co.uk domain sales prices or ask to an appraisal on the www.acorndomains.co.uk appraisal forum.
Come up with a price that allows you some room to haggle but don't get so greedy you scare off the bidder. This can be an anxious time, waiting for the domain prospect to come back with an offer.
Transaction Fees
Do not forget to allow for Sedo transaction fees and Nominet transfer fees during the negotiation stage.
We asked for the buyer to pay Sedo's fees (10% of sale price) and the Nominet fees on top of the sale price, which they agreed to.
Agreement Reached
We started negotiations on our domain on the 21st June and reached agreement on the sale price and fees on the 1st July.
Sedo Transfer Process
Having agreed the sale price, Sedo sent the buyer an Invoice on the 1st July.
The invoice is in your name and is placed in the buyer's user account.
Once the buyer has made payment (into Sedo's Escrow account), Sedo ask the buyer to make a transfer request at thier registrar or if the buyer has an account at the domain's current registrar, they ask you to move it to his account.
NB: Make sure the administrative email address for your domain is active and that you can receive emails from it or you will have trouble with the transfer process.
Once the transfer has been completed and the WHOIS information shows the buyer's name, Sedo send you the money.
Tip: Add your bank details to your Sedo account if you want to avoid Paypal fees for receiving the money.
Nominet Transfer Forms
Sedo didn't ask us apply to Nominet for the domain transfer forms. Their emails are worded towards .COM domain name transfers.
We knew we would need these so as soon as we agreed a price we emailed Nominet to request them and they arrived 2 days later.
This will save you time.
Sedo receive Payment
We chase Sedo on the 5th July as we had heard nothing. This prompted them to chase the buyer for payment. Sedo advised that the buyer said they were making a bank transfer of the funds that day.
We chased again on the 7th July with a response from Sedo that it would take a few more days. So much for electronic funds transfers!
Sedo confirmed receipt of the money on the 11th July
Finalising the Transfer
Sedo sent us the Buyer's details for us contact them about sending the Nominet forms.
We already had the forms in hand so signed and sent them on the 12th July.
On the 18th July we chased Sedo for any news, they contacted the buyer to see if they had received the forms.
22nd July we noticed the Nominet WHOIS showing the buyers details.
(This is a little unsettling, your domain has been transferred but you have no funds).
Money Money Money
26th July we received an email from Sedo saying they had sent the money to our account. They also stated this can take up to 7 business days.
We received the money on the 29th July.
Start to finish, 38 days.
Helen Sherritt is owner and administrator of http://www.acorndomains.co.uk, the UK's leading domain name forum and resource centre.
http://www.DomainPrices.co.uk shows recent .co.uk domain name sales prices.
|
|
|
Is Your Company Name Killing Your Online Business?
Ahhh... your company name.Your identity. What separates you from everyone else.I would be willing to bet that you spent a good deal of time coming up with the perfect name for your company. Am I right?Something catchy, easy to remember, and unique. How am I doing so far?What if I were to tell you that your company name is possibly the single biggest hindrance to your business's success online.Unfortunately, for many companies it is.Choosing a name for your business online ...(related: Domain Names)
What Is A Domain Name And Why Would I Want One?
In this article we will cover the basics of what a domain name is, how they work and why you need to have at least one. I am going to try and avoid complicated computer terms and stick to explanations that should be easily understood by someone without a computer science degree.What is a Domain Name? Before we can go into what a domain name is I'm going to tell you why we need them as the answers compliment each other. The Internet is just a really big collection of connected computers (a network). For the purpose of explaining domain names ...(related: Domain Names)
Domain Name Registration And Privacy
The internet is a wonderful thing, except for a few small details. When you register your first domain name, you get your introduction to one of them. There's a lot of information they want. Your name, your email address, your physical address, your phone number. For each of 4 separate categories, and the Registrant, Admin and Technical categories are publicly available (for almost all TLDs - Top Level Domains, with the possible exception of .ws - Western Samoa).Email addresses, which must be valid, phone numbers and physical addresses which also must be valid. I personally think it's both absurd and dangerous to make this information s...(related: Domain Names)
The Growth Of Ru-domains
The registry of ru-domains reports, that the number of domain names registered in Russia's national domain, the ru-domains, has increased 19.82% in the first half of 2004 to 256.356 ru-domains.Ru-Center compares this to the growth of 2003, which was 16.02% for the first half of 2003.The increase among ru-domains in Russia is coincident with the rising numbers of Russian Internet...(related: Domain Names)
How To Really Profit From Domain Names
Have you heard about domain names that sold for over a million dollars? Inspired by this, you imagine registering a great domain name, hanging onto it for a while, and then selling it off to become the next multi-millionaire. It could happen, but don`t count on it!Fi...(related: Domain Names)
Understand The Domain Name System
Ever wonder why DNS systems came into existence? Efficiency. Every computer has a distinct IP address, and the Internet needed an elite method for obtaining these addresses and for managing the system as a whole. Enter ICANN.
The Internet Corporation for Assigned Names and Number manages the DNS root of the Interne...(related: Domain Names)
Public Domain - Internet Gold Mine
With the advent of the internet and the ease of which information can readily be downloaded and compiled you would think that more people would realize that the public domain is a source of wonderful wealth that can be tapped into for huge profits.I have spent the last 4 years "discovering" little known secrets of this information that is readily available to those who know where to look....(related: Domain Names)
Signing Up For A Domain Name? Consider Private Registration
A plethora of websites exists to register a domain name. Google 'register domain names' and have a fun-filled time comparing prices. Though price is definitely a consideration when choosing a domain name registrar, it is also important to find a registrar who offers private domain name registration.Registering a domain name requires that the name, address, email address and telephone number of the owner be provided. For an individual this will be their home address information. A company will provide their main business address. Once this information is provided, it is accessible by anyone doing a WHOIS search.PROTECT YOURSELF!Register privately....(related: Domain Names)
Expired Domains Explained
It is annoying to find that you have a great idea for a site but when you start searching for a domain name to match you find every possible combination has been registered. Don't worry all is not lost there are still the expired domains to check.Not everybody reregisters their domain names. For whatever reason, financial or otherwise good domain names come back onto the market. These are expired domains and you can get your h...(related: Domain Names)
Got A Small Business? Choose The Right Domain Name
Choosing a domain name can be daunting. Research the subject (after all, you're the type of marketer who researches, right?) and you'll be hit with a landslide of opinions, most contradictory. There is, however, two poin...(related: Domain Names)
site-map - Copyright © 2006 | Contact Webmaster | All Rights Reserved. | Domain Names