| Selling a .co.uk Domain Name via Sedo | | | | Once the transfer has been completed and the |
| This is a recent example of our experience selling a | | | | WHOIS information shows the buyer's name, Sedo |
| .co.uk domain name via Sedo. If you are new to | | | | send you the money. |
| domains or Sedo this will give you a guide on the | | | | Tip: Add your bank details to your Sedo account if |
| process and the time scales involved. | | | | you want to avoid Paypal fees for receiving the |
| Negotiations | | | | money. |
| This is the hardest part of selling a domain - how | | | | Nominet Transfer Forms |
| much to ask? | | | | Sedo didn't ask us apply to Nominet for the domain |
| Ask too much and the buyer may lose interest. Ask | | | | transfer forms. Their emails are worded towards |
| too little and you may not get the best price possible | | | | .COM domain name transfers. |
| for your domain. | | | | We knew we would need these so as soon as we |
| You can use to get an idea of recent .co.uk domain | | | | agreed a price we emailed Nominet to request them |
| sales prices or ask to an appraisal on the [ appraisal | | | | and they arrived 2 days later. |
| forum. | | | | This will save you time. |
| Come up with a price that allows you some room to | | | | Sedo receive Payment |
| haggle but don't get so greedy you scare off the | | | | We chase Sedo on the 5th July as we had heard |
| bidder. This can be an anxious time, waiting for the | | | | nothing. This prompted them to chase the buyer for |
| domain prospect to come back with an offer. | | | | payment. Sedo advised that the buyer said they |
| Transaction Fees | | | | were making a bank transfer of the funds that day. |
| Do not forget to allow for Sedo transaction fees and | | | | We chased again on the 7th July with a response |
| Nominet transfer fees during the negotiation stage. | | | | from Sedo that it would take a few more days. So |
| We asked for the buyer to pay Sedo's fees (10% of | | | | much for electronic funds transfers! |
| sale price) and the Nominet fees on top of the sale | | | | Sedo confirmed receipt of the money on the 11th |
| price, which they agreed to. | | | | July |
| Agreement Reached | | | | Finalising the Transfer |
| We started negotiations on our domain on the 21st | | | | Sedo sent us the Buyer's details for us contact them |
| June and reached agreement on the sale price and | | | | about sending the Nominet forms. |
| fees on the 1st July. | | | | We already had the forms in hand so signed and |
| Sedo Transfer Process | | | | sent them on the 12th July. |
| Having agreed the sale price, Sedo sent the buyer an | | | | On the 18th July we chased Sedo for any news, |
| Invoice on the 1st July. | | | | they contacted the buyer to see if they had |
| The invoice is in your name and is placed in the | | | | received the forms. |
| buyer's user account. | | | | 22nd July we noticed the Nominet WHOIS showing |
| Once the buyer has made payment (into Sedo's | | | | the buyers details. |
| Escrow account), Sedo ask the buyer to make a | | | | (This is a little unsettling, your domain has been |
| transfer request at their registrar or if the buyer has | | | | transferred but you have no funds). |
| an account at the domain's current registrar, they ask | | | | Money Money Money |
| you to move it to his account. | | | | 26th July we received an email from Sedo saying |
| NB: Make sure the administrative email address for | | | | they had sent the money to our account. They also |
| your domain is active and that you can receive emails | | | | stated this can take up to 7 business days. |
| from it or you will have trouble with the transfer | | | | We received the money on the 29th July. |
| process. | | | | Start to finish, 38 days. |