Comments on: SEDO’s Domain Brokerage Service SCREWS Me! http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/ Specialization is for Insects. Sat, 21 Nov 2009 18:09:32 -0600 http://wordpress.org/?v=abc hourly 1 By: Betty Bowen http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-51281 Betty Bowen Sun, 13 Sep 2009 23:47:46 +0000 http://onemansblog.com/?p=5374#comment-51281 I am so glad I found this information. I used Sedo several months ago when I was looking at parking domains. My domains were listed with Go-Daddy and It looked as if Sedo was bigger & "better". I only put a couple of domains in an account for parking or so I thought. Within a few days, I received an email from someone who offered me money for one of the domain names...I did not have them for sale and had not had them appraised. This buyer suggested that I have them appraised because that is the only way he did business.. I did have them appraised but thought something is not right here.. I sent them an email. to find out what had happened to my account and they sent me this email that made me think they were upset that I HAD VIOLATED their rules.. and my account was no longer in SEDO.. Now why would I go back and think about doing any type of business with them again? Thank you for posting this.... I think none of the companies that buy & sell domains can be trusted. Several months back when a few domains were bringing high prices , I went in Go-Daddy to buy more names.... Everything that I put in their account had already been bought with the dot com but others were available... I had the feeling that they were taking the names I put in.....who knows.... Thanks again.... Betty Bowen I am so glad I found this information. I used Sedo several months ago when I was looking at parking domains. My domains were listed with Go-Daddy and It looked as if Sedo was bigger & “better”. I only put a couple of domains in an account for parking or so I thought. Within a few days, I received an email from someone who offered me money for one of the domain names…I did not have them for sale and had not had them appraised. This buyer suggested that I have them appraised because that is the only way he did business..
I did have them appraised but thought something is not right here.. I sent them an email. to find out what had happened to my account and they sent me this email that made me think they were upset that I HAD VIOLATED their rules.. and my account was no longer in SEDO.. Now why would I go back and think about doing any type of business with them again? Thank you for posting this….
I think none of the companies that buy & sell domains can be trusted.
Several months back when a few domains were bringing high prices , I went in Go-Daddy to buy more names…. Everything that I put in their account had already been bought with the dot com but others were available… I had the feeling that they were taking the names I put in…..who knows….
Thanks again….
Betty Bowen

]]> By: Richard Alcorn http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-50899 Richard Alcorn Mon, 31 Aug 2009 23:27:07 +0000 http://onemansblog.com/?p=5374#comment-50899 Over the years, I've purchased several domains using various brokers, including SEDO. Usually, they are pretty professional, albeit often much slower than other companies. Clearly, in this case, they dropped the ball. What I would do is to contact support and outline the problem and demand a refund. They obviously didn't complete their side of the bargain. That said, SEDO has performed very well for me and for clients that are purchasing from me in the past. I could give you numerous examples of times that they have managed to acquire a domain for me at less than half of the maximum I've listed. However, I could also tell you that there have been many times when the offer has been very close to or exactly what my max is... Which I'm now thinking is pretty fishy, lol. Actually, what I've found with SEDO, Afternic, Godaddy and all the others is that the best way to do it is to offer a pretty small amount at first. I usually start with around a 100.00 offer and wait for a counter offer. Yes; it is more trouble, but I've bought names that I was willing to pay 2500+ for 200-300. I've even had the first offer taken several times. What you need to keep in mind is how important the domain is to you; if you believe it has the potential to add 50.00/mo in revenue or more, then I would keep trying to buy the domain, even if you have to up the offer a small amount. Otherwise, hold off and make an offer later on for a smaller amount. Of course, you may very well have already solved this dilemma, as I just noticed that it has been months since you wrote this blog.. sorry about that, lol. Over the years, I’ve purchased several domains using various brokers, including SEDO. Usually, they are pretty professional, albeit often much slower than other companies. Clearly, in this case, they dropped the ball. What I would do is to contact support and outline the problem and demand a refund. They obviously didn’t complete their side of the bargain. That said, SEDO has performed very well for me and for clients that are purchasing from me in the past. I could give you numerous examples of times that they have managed to acquire a domain for me at less than half of the maximum I’ve listed. However, I could also tell you that there have been many times when the offer has been very close to or exactly what my max is… Which I’m now thinking is pretty fishy, lol. Actually, what I’ve found with SEDO, Afternic, Godaddy and all the others is that the best way to do it is to offer a pretty small amount at first. I usually start with around a 100.00 offer and wait for a counter offer. Yes; it is more trouble, but I’ve bought names that I was willing to pay 2500+ for 200-300. I’ve even had the first offer taken several times. What you need to keep in mind is how important the domain is to you; if you believe it has the potential to add 50.00/mo in revenue or more, then I would keep trying to buy the domain, even if you have to up the offer a small amount. Otherwise, hold off and make an offer later on for a smaller amount.

Of course, you may very well have already solved this dilemma, as I just noticed that it has been months since you wrote this blog.. sorry about that, lol.

]]> By: chandan http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-50507 chandan Sat, 15 Aug 2009 15:25:33 +0000 http://onemansblog.com/?p=5374#comment-50507 they not only scam like this they also terminate the parking accounts and swallow the earned money from parked domain owners they not only scam like this they also terminate the parking accounts and swallow the earned money from parked domain owners

]]> By: Mel http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-48826 Mel Wed, 17 Jun 2009 21:50:24 +0000 http://onemansblog.com/?p=5374#comment-48826 How did all this end up for you? I would be very interested as I am in the process of using their services as well. How did all this end up for you? I would be very interested as I am in the process of using their services as well.

]]> By: Bonnie http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-47622 Bonnie Sun, 26 Apr 2009 19:13:46 +0000 http://onemansblog.com/?p=5374#comment-47622 So sorry about there unethical practices. I would formally open up a compalint with the BBB in their town. Also, write to them with a complaint and how you expect for it to be resolved. I really don't think that a company that large is involved in what one employees has tried to get away with. In that case, give them an opportunity to fix the problem. If you have an incidence where this has occurred on multiple occassions, then we all have an axe to grind. Good luck with your continued efforts. I think that this once incidence has some what hurt their national creditbility. Bonnie, Atlanta So sorry about there unethical practices. I would formally open up a compalint with the BBB in their town. Also, write to them with a complaint and how you expect for it to be resolved. I really don’t think that a company that large is involved in what one employees has tried to get away with. In that case, give them an opportunity to fix the problem. If you have an incidence where this has occurred on multiple occassions, then we all have an axe to grind. Good luck with your continued efforts. I think that this once incidence has some what hurt their national creditbility.

Bonnie, Atlanta

]]> By: kaka http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-47239 kaka Fri, 10 Apr 2009 06:34:38 +0000 http://onemansblog.com/?p=5374#comment-47239 I never success with sedo although my domain are wuite good one. I believe developing it will be much much better. In your case, they show you how "not really" experienced they are. I never success with sedo although my domain are wuite good one. I believe developing it will be much much better.

In your case, they show you how “not really” experienced they are.

]]> By: Minnesota Attorney http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-47050 Minnesota Attorney Wed, 01 Apr 2009 12:37:12 +0000 http://onemansblog.com/?p=5374#comment-47050 This appears to be a breach of contract and a breach of the fiduciary duties that an agent (Sedo) owes to a principal (you). Although legal action is an option, hopefully Sedo will resolve it without legal action being necessary. This appears to be a breach of contract and a breach of the fiduciary duties that an agent (Sedo) owes to a principal (you). Although legal action is an option, hopefully Sedo will resolve it without legal action being necessary.

]]> By: Gerard http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-47016 Gerard Tue, 31 Mar 2009 01:22:44 +0000 http://onemansblog.com/?p=5374#comment-47016 That is a disgrace. They go on about how they will negotiate a fair and reasonable deal for you and then bang first email out gives away what the max is. This is very bad service especially for such a high profile site as sedo. Still the story being placed on a highly influential blog like this as well as being Digged etc by your readers should let people know who exactly they are getting into bed with. I think sedo hasd one eye on the commisioon from your sale. The higher the sale the more they will get from you not good That is a disgrace. They go on about how they will negotiate a fair and reasonable deal for you and then bang first email out gives away what the max is. This is very bad service especially for such a high profile site as sedo. Still the story being placed on a highly influential blog like this as well as being Digged etc by your readers should let people know who exactly they are getting into bed with. I think sedo hasd one eye on the commisioon from your sale. The higher the sale the more they will get from you

not good

]]> By: D.Pixel http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46988 D.Pixel Sat, 28 Mar 2009 18:17:45 +0000 http://onemansblog.com/?p=5374#comment-46988 John It sounds like Darwinism to me... except that you were on the wrong end of the gun... but hey dude, it's just money not your life right? Good luck with getting justice. John

It sounds like Darwinism to me… except that you were on the wrong end of the gun… but hey dude, it’s just money not your life right? Good luck with getting justice.

]]> By: Greg http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46983 Greg Sat, 28 Mar 2009 05:28:03 +0000 http://onemansblog.com/?p=5374#comment-46983 Where is the company based, if its NY he sure can. Where is the company based, if its NY he sure can.

]]> By: John P. http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46979 John P. Fri, 27 Mar 2009 21:12:11 +0000 http://onemansblog.com/?p=5374#comment-46979 Greg, Maybe your dad should take on the case for me and sue them back to the stone ages. ;-) John Greg,

Maybe your dad should take on the case for me and sue them back to the stone ages. ;-)

John

]]> By: John P. http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46978 John P. Fri, 27 Mar 2009 21:11:22 +0000 http://onemansblog.com/?p=5374#comment-46978 I can't be sure, but I think the "Broker" is still under the impression that he sent it to the right address and just hasn't gotten a response. I'm still trying to determine how in the heck to go about responding and escalating the issue. It's a pretty big company so how do you find the person to appeal to? Perhaps the right person is actually not in the company at all... but is the Attorney General of the State of Mass, or Texas. And maybe the Better Business Bureau. John P. I can’t be sure, but I think the “Broker” is still under the impression that he sent it to the right address and just hasn’t gotten a response. I’m still trying to determine how in the heck to go about responding and escalating the issue. It’s a pretty big company so how do you find the person to appeal to?

Perhaps the right person is actually not in the company at all… but is the Attorney General of the State of Mass, or Texas. And maybe the Better Business Bureau.

John P.

]]> By: John P. http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46977 John P. Fri, 27 Mar 2009 21:09:05 +0000 http://onemansblog.com/?p=5374#comment-46977 You're right Mark. And what really bothers me is... how many times, and for how long, have they been doing this to other people? And only now a mistaken e-mail gives us all a glimpse into the practice... John P. You’re right Mark. And what really bothers me is… how many times, and for how long, have they been doing this to other people? And only now a mistaken e-mail gives us all a glimpse into the practice…

John P.

]]> By: Ziggy http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46975 Ziggy Fri, 27 Mar 2009 20:45:38 +0000 http://onemansblog.com/?p=5374#comment-46975 Wow, that sucks,John. I would: 1) Cancel all transactions with SEDO and request your money back. They breached their agreement with you and, thus, forfeited their chance to continue a business relationship with you. 2) Check out GoDaddy (http://www.godaddy.com/gdshop/broker/landing.asp?ci=8995) and try them out. I had a successful transaction with them on the one domain name I wanted. My max was $500 and they got it for me for $175. Smooth transactions all the way. However, the owner of the domain that you are trying to get might have recieved an email as well and now know you are interested which might have just boosted the price. I could always request a price for you as well if you like. No one knows me. :-( Wow, that sucks,John.

I would:

1) Cancel all transactions with SEDO and request your money back. They breached their agreement with you and, thus, forfeited their chance to continue a business relationship with you.

2) Check out GoDaddy (http://www.godaddy.com/gdshop/broker/landing.asp?ci=8995) and try them out. I had a successful transaction with them on the one domain name I wanted. My max was $500 and they got it for me for $175. Smooth transactions all the way.

However, the owner of the domain that you are trying to get might have recieved an email as well and now know you are interested which might have just boosted the price.

I could always request a price for you as well if you like. No one knows me. :-(

]]> By: Greg Lewis http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46970 Greg Lewis Fri, 27 Mar 2009 16:22:32 +0000 http://onemansblog.com/?p=5374#comment-46970 I'd make them give me the domain for free. If they refuse, then threaten to take them to the attorney general's office. Since they get a commision on the final price, its in their best interest to use the maximum, which they did...problem is that they state "As always, your broker will begin negotiations at a fraction of your investment limit and will work to acquire the domain at a fair and reasonable price." They are clearly breaking the law...and you have the evidence to prove it. I’d make them give me the domain for free.

If they refuse, then threaten to take them to the attorney general’s office. Since they get a commision on the final price, its in their best interest to use the maximum, which they did…problem is that they state “As always, your broker will begin negotiations at a fraction of your investment limit and will work to acquire the domain at a fair and reasonable price.”

They are clearly breaking the law…and you have the evidence to prove it.

]]> By: Kai Lo http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46969 Kai Lo Fri, 27 Mar 2009 14:03:21 +0000 http://onemansblog.com/?p=5374#comment-46969 The agent is doing a terrible job. I wouldn't recommend anyone to use that company. Seems like the agent cares more about the commission than to help you. The agent is doing a terrible job. I wouldn’t recommend anyone to use that company. Seems like the agent cares more about the commission than to help you.

]]> By: Hrafn Th. http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46966 Hrafn Th. Fri, 27 Mar 2009 13:38:51 +0000 http://onemansblog.com/?p=5374#comment-46966 Ouch. That sucks. Are you sure they didn't send the email to the domain owner as well? Ouch. That sucks. Are you sure they didn’t send the email to the domain owner as well?

]]> By: Mattb4rd http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46965 Mattb4rd Fri, 27 Mar 2009 12:56:16 +0000 http://onemansblog.com/?p=5374#comment-46965 Mr. P, I would definitely let them know that you intend file a formal complaint against a professional fiduciary with the appropriate regulators in your state. I would also have my personal attorney compose and send a letter notifying them of his client's intention to pursue reimbursement for damages and punitive actions within the limits of the law, but in the interest of avoiding that, he has informed me that he will accept a settlement in the amount of $XXXX.XX, which includes my fee and his lost time and wages incurred as a result of having to deal with this troubling situation. Mattb4rd Mr. P,

I would definitely let them know that you intend file a formal complaint against a professional fiduciary with the appropriate regulators in your state. I would also have my personal attorney compose and send a letter notifying them of his client’s intention to pursue reimbursement for damages and punitive actions within the limits of the law, but in the interest of avoiding that, he has informed me that he will accept a settlement in the amount of $XXXX.XX, which includes my fee and his lost time and wages incurred as a result of having to deal with this troubling situation.

Mattb4rd

]]> By: Mark Jaquith http://onemansblog.com/2009/03/27/sedos-domain-brokerage-service-screws-me/#comment-46959 Mark Jaquith Fri, 27 Mar 2009 06:45:24 +0000 http://onemansblog.com/?p=5374#comment-46959 Wow. You should demand your money back, and a full explanation. It's possible that this is just a rogue agent acting unethically, but in any case, it's utterly unacceptable. You're lucky they made the mistake -- else you could have been screwed without ever knowing it. Wow. You should demand your money back, and a full explanation. It’s possible that this is just a rogue agent acting unethically, but in any case, it’s utterly unacceptable. You’re lucky they made the mistake — else you could have been screwed without ever knowing it.

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