Now it’s April 2008 and for the heck of it, I reactivate my SEDO account and make another offer - 10k! I’m assuming they won’t even respond…
They counter with 15k!
In their counter, they mention that SEDO appraised the domain at 12k. SEDO gives me the option to accept the 15k offer, but what do I do? I’m an idiot, I choose to re-counter with 12.5, assuming they will reply soon. Thinking all the while, I can’t believe I’m going to get this domain for 15k.
They don’t respond for several days. The ability to accept their counter of 15k is no longer there. I hire a SEDO “domain broker” again…
I tell them the story, and ask that they just make contact, both the seller and I have already had the domain appraised by SEDO, so there is no reason to do that again, etc.
No Reply.
3 days later, they send me another appraisal, for 24k! Twice what they had just given the seller. What a racket!
SEDO broker disappears. Noticing a trend yet?
8 days after my first offer, the seller posts a new offer…15k!
I take it and want to pay as fast as possible to get this over with. Attempting to pay that night, so something crazy doesn’t go wrong, I scour SEDO’s site looking for means to make payment via Credit Card. Eventually, I find that for amounts greater than 5k, they will only accept wire transfers, which of course leaves little to no paper trail.
We wire the money the next morning. No response from SEO or seller for 3 days acknowledging payment! After 3 days, a notice in our SEDO account “Your payment has been received, we are now processing�.
Nothing happens for another 2 or 3 days. Frustration is building now. I’m not very patient.
Finally - 6 days after SEDO receives our money, the transfer process begins.
What should happen (transferring a domain) in 1 or 2 days, takes over a week. We finally get the domain into our registrar account.
Thank God! A few days later, we implement our plan and launch the new domain and email.
MSN and Yahoo! react well, and are indexing and ranking our site.
Google, is virtually ignoring it.
A little research, and we find the domain is on an RBL (Blacklist) as a result of being used for spam while at SEDO.
I love it.
Moral of the story; if you’ve got to buy a domain through a broker, be very careful and very patient. Nothing makes them move fast, and be aware that the brokers are making money on every angle. It’s in their best interest to get you to pay as much money as possible for that domain because they are probably making commissions and fees on both sides of the deal.