(WEB HOST INDUSTRY REVIEW) — Domain marketplace and monetization provider Sedo (www.sedo.com) has launched a new tool to automatically provide sellers free price suggestions for their domain names, increasing the saleability of domains and providing a simpler process for domain buyers.
According to its announcement late last week, Sedo’s Price Suggestion Tool helps Sedo users by proposing a fixed price for their domains, based on key characteristics of their domain name, offering sellers a key first step in their sales process. According to Sedo’s market research, a domain listed at a fixed price is three times more likely to sell than a standard “make-offer” domain listing.
“Many domain sellers miss out on sales opportunities when they rely only on ‘make-offer’ and reserve price domain sales, often because of the reluctance of inexperienced domain buyers to participate with an uncertain price or in a potential drawn out auction,” Sedo president Ulrich Essmann said in a statement. “Our new Price Suggestion Tool helps sellers to recognize fixed price opportunities by offering an accurate price from which they will be more likely to sell domains faster and receive a higher return on their investment.”
The Price Suggestion Tool allows users to use the suggested price as the fixed price, asking price, minimum offer or revert back to original settings. It can also let users easily set prices in bulk based on the appraisal value and parking earnings.
Additionally, the new tool caters to prospective domain name buyers that are reluctant to enter a negotiation process by increasing the number of reasonable, fixed price offers at Sedo and its expanded marketplace. The feedback of 150 beta testers of the Price Suggestion Tool has been overwhelmingly positive, with praise given to the high quality of the price suggestions and functionality of the tool.
Meanwhile, Sedo provides a separate, one-on-one paid appraisal service for buyers looking for comprehensive, long-term advice for domain sales within their portfolios. The Price Suggestion Tool informs owners of premium domain names valued at more than $10,000, so that they can be directed to Sedo’s manual appraisal service for professional guidance.
Sedo’s Price Suggestion Tool has even received praise from Domain Name Wire editor Andrew Allemann, who noted, “Price Suggestion Tool is one of the most accurate automated domain valuation tools I have used.”
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