Thanks to a reader who noticed that Sedo.com is raising their commission rate 50%, from 10%-15% effective TOMORROW.
Changes to Sedo’s domain brokerage service prices on January 4, 2011
“””Sedo is committed to helping individuals and businesses find their ideal domain name with the services they need to do so. ‘””
“”In reflection of investments in our tools and services and an increased demand for highly personnel-intensive brokerage, we will increase the commission on successful domain sales enabled by our sales team from 10% to 15%. This change goes into effect on January 4, 2011.”””
I checked my Sedo.com account and I have the same notice posted on the front page after you check in but only in one particular place in the site.
So basically Sedo is increasing their commission rate by 50% on sales where a broker is involved effective tomorrow.
I’m assuming from the notice posted on the site, that pure online transaction and auctions will continue to be at a 10% commission.
As customer who sold several hundreds of thousands of dollars in domains through Sedo in 2010 using there “sales team” (who in My Case consisted of Jeff Gabriel), I would have expected to receive an email to notify me of a price increase of this magnitude at least a couple of weeks in advance.
But I didn’t get any such notice
Are you kidding me?
I’m assuming if I didn’t get notice of this 50% price increase, than none of Sedo.com’s clients got a notice from Sedo on this price increase.
A notice on 1 page of a site, is not the way for customers to learn of a 50% price increase.
Moreover, other than a notice on the page I spoke of, other parts of Sedo’s site such as “Sell Domains” or Price List, still are showing a 10% commission for brokered transactions, with only hours now to go until a 50% price hike.
Happy New Year