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Sedo began yesterday charging a $10 fee for each domain submitted at the Great Domains auctions.
This fee will not be reimbursed, regardless of whether the domain is accepted or rejected.
Sedo says that the reason for this change in the application and selection process is that they have seen a huge increase in the number of suggested domains submitted to them each day.
I found an excerpt of a Sedo article on my RSS aggregator yesterday that seems to announce a new €10 for each domain name that is submitted at the monthly Great Domains auction.
The problem is that the complete article is nowhere to be found. So I am not sure if the article was postponed or that Sedo decided not to charge this new fee.
Anyway, not a lot of people bother with the Great Domains auction and a few people have complained about it. Will this fee help Sedo pick better names, will people get discouraged to submit bad names or is it meant merely to reduce their work?
Immediately I remembered reading this article in February called “Why I Am Done Wasting Time with Sedo’s GreatDomains Auction” from TLD.org.
Here is the complete Sedo announcement:
Change in applying for GreatDomains auction
Fee for domain applications for GreatDomains auctions
There will be a change in the process for submitting domains to GreatDomains auctions, starting with the upcoming GreatDomains auction to be held in July. An application fee of $10 will be charged for each domain submitted. This fee will not be reimbursed, regardless of whether the domain is accepted or rejected. Charges apply starting June 18, 2015.
The reason for this change in the application and selection process is that we have seen a huge increase in the number of suggested domains submitted to us each day. Each month, we successfully auction off an exclusive, handpicked selection of premium domains in our GreatDomains auctions. Our domain experts check every individual domain suggestion beforehand with an eye to numerous value-related factors. Our goal is to continue to maintain this quality for you now and into the future.
This means we are able to offer buyers and investors a good, fast overview of the auction domains that are currently most sought after. Domain sellers have the peace of mind of knowing that a GreatDomains auction gives their domains the best sales platform with the highest visibility worldwide. For an example, read the success story on the sale of app.nl in a GreatDomains auction.
The next GreatDomains auction is scheduled to start on July 16, 2015. Submit your premium domain now! It’s easy – simply go to your account and click Domain Management.
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It is real. You can see it in your sedo account. Click my sedo and there is the announcement.
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Change in applying for GreatDomains auction
Fee for domain applications for GreatDomains auctions
There will be a change in the process for submitting domains to GreatDomains auctions, starting with the upcoming GreatDomains auction to be held in July. An application fee of €10 will be charged for each domain submitted. This fee will not be reimbursed, regardless of whether the domain is accepted or rejected. Charges apply starting June 18, 2015.
The reason for this change in the application and selection process is that we have seen a huge increase in the number of suggested domains submitted to us each day. Each month, we successfully auction off an exclusive, handpicked selection of premium domains in our GreatDomains auctions. Our domain experts check every individual domain suggestion beforehand with an eye to numerous value-related factors. Our goal is to continue to maintain this quality for you now and into the future.
This means we are able to offer buyers and investors a good, fast overview of the auction domains that are currently most sought after. Domain sellers have the peace of mind of knowing that a GreatDomains auction gives their domains the best sales platform with the highest visibility worldwide. For an example, read the success story on the sale of app.nl in a GreatDomains auction.
The next GreatDomains auction is scheduled to start on July 16, 2015. Submit your premium domain now! It’s easy – simply go to your account and click Domain Management.
Thanks!
🙂 No problem.
Domain industry is turning into the banking industry where they are looking to tack on fees and charges wherever possible.
It will take them 3 seconds to look at a name and the reserve price the person sets and decide yes or no and they want $10 for that? Just another of the many reasons to avoid them.
I’ve had the same problem with high quality domains getting rejected based on quality, like LLL.com, NNN.com, CC.com, etc. with low reserves. I would be very hesitant to pay them an application fee when they have such a shoddy track record of picking the right domains. All domains they rejected ended up selling within weeks for much higher than my reserves on the forums.
I heard that soon, Konstantinos will be charging $10 a month to read his blog. But you can save money by getting the gold plan for $200 a year or the silver plan for $150..lol
Actually I will have the bronze plan too, for $1 per month where you can only read the titles. 🙂
LOL…
Nothing wrong with making those who claim their XQZY are ‘premium’ put their money where their mouth is 😉
So, the market will be left to work? At $10 a name, anyone with a name that’s unlikely to get on will think twice about submitting… Serious domainers will chalk it up to the cost of doing business… And wannabes will wine about it.
The problem is that people don’t trust sedo’s taste in domain names. So submitting a 3 letter .com and receiving a no could be possible if we judge from past auctions.
Indeed. I often wonder at the so-called “expertise” of those people in charge of deciding whether or not a domain should be allowed for the greatdomains auction. Sure there are plenty of great domains to be found but there are tons of complete and utter crap domains as well.
It also seems to me that they favor partners and long-term customers ( that use Sedo as their sole method for selling their domains ) and allowing those partners and customers to list their pigeon shit every single auction. As a result plenty of other people who actually have good domains often get declined when they apply for the auction since the space is limited.
I stopped applying to the greatdomain auctions almost 2 years ago and haven’t regretted it since. Almost every single domain of mine that Sedo at some point declined I have already sold through other marketplaces (and for a much higher price than the reserve price it would have had at Sedo).