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Article Check - Selling a .co.uk Domain Name via Sedo
Have you listened to web radio lately?A lot of folks still don't know what web radio is. Let's note first of all that it is not the same thing as podcasting, although the two are often confused. Without going into the technicalities, web radio uses streaming audio to create a "live," ongoing broadcast such as you would hear from a regular radio station. Podcasting involves the creation of individual recordings which people can download for
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 d
If you peruse Ebay a lot, you'll see a lot of members selling website businesses. Often advertising these as "Turnkey", they claim that the site has been making X dollars a month for the past X months. The businesses include expired domain name searches, online auction sites, credit repair sites, dating and adult sites, etc. Take a look at the current bids or prices - $1.99? What gives? If this site is making money, why would they want to sell it?
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 da
It is paramount that all franchising companies work hard in the critical launching of all franchises in their new territories. In this present period most franchisees come into the franchise systems with much personal debt and barely squeak by on their initial capital needed. One major error or mistake and the franchisee will fail due to under capitalization. Below it a sample outline and message to new franchisees; I recommend that you take a loo
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 d
Bookkeeping…the “dreaded” word is something we all have to worry about. Business owners rarely go into business to deal with the financial aspects of running a business. It’s easy to understand why! Who wants to do all those boring record keeping functions? Not many. Therefore, one of the first things most entrepreneurs do is hire a bookkeeper. Though hiring a friend, relative or anyone who isn’t experienced with the basics of bookkeeping may be a
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 d
Have you ever implemented a new procedure only to find that no matter what you did to enforce it, no one followed it? If so, it’s likely that you were bumping up against the 800 pound Gorilla of corporate culture.Whether you have one employee or thousands, there is “the way things work around here.” That’s your culture. Culture is a set of shared assumptions and unwritten rules - a force field that shapes how we do things. Since your cultur
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 d
Washing vehicles and other machinery using detergent based products without utilizing proper precautions to prevent pollution is in violation of the Clean Water Act of 1972. Storm water pollution has become a major concern both locally and on a national level. As a result of this legislation state and local municipalities require fleet and machinery washing to be performed in ways that prevent contaminants from entering the waterways.
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.
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