Late last month, Sedo added every single domain – even the ones that were listed with a “make an offer” option – to the GoDaddy TDNAM.
Right now I have a record 10 open transactions at Sedo, all of which were initiated at GoDaddy. All of them can’t proceed any further, because there is no option for the seller to communicate with the buyer!
Meanwhile, here’s what the buyer receives when they place an offer via TDNAM:
Congratulations, your offer has been received for Item Number ###, a***.com, in the amount of $***.00. An email has been sent to the seller of a***.com notifying them of your offer.
You may track the status of your offer by logging in to your account. The seller should reply with an acceptance or counter offer by 10/15/2012 04:30 PM.
Your bid is valid through 10/15/2012 04:30 PM. After that time, your bid is no longer binding.
Please keep in mind the seller may be negotiating several offers for this domain at any given time. We encourage you to respond promptly to the seller to increase your chances of registering a***.com.
After receiving an offer for a domain name, the seller may choose to convert the listing to a 7-day public auction. If the seller converts your bid to an auction, then your offer is set as the first bid and the domain name displays in your Bidding List. If the seller converts another bidder’s offer to auction, the domain name displays in your Watching List.
Based on your bid amount, if the seller accepts your offer, this transaction will be processed through our Transaction Assurance program at no cost to you.
A similar email is dispatched when the seller responds or changes their counter-offer, via Sedo.
It’s apparent, that GoDaddy wants the transaction to be handled locally, in its marketplace. The buyer has no immediate knowledge of the fact that the seller is on a completely separate platform.
The cherry on the pie, is that if the seller decides to cancel the negotiations – and that happens often, as the TDNAM bids are notoriously low – there is no notification of the buyer. No email arrives to inform them that the seller dropped the ball.
Currently, I’m testing alternate platforms for handling such transactions, including Frank Schilling’s Internet Traffic outfit. The TDNAM/SedoMLS connection has failed to attract any serious bidders and it does not work for me.