{"id":4643,"date":"2015-06-25T13:40:06","date_gmt":"2015-06-25T17:40:06","guid":{"rendered":"http:\/\/acro.net\/blog\/?p=4643"},"modified":"2015-06-25T13:53:20","modified_gmt":"2015-06-25T17:53:20","slug":"a-domain-escrow-process-for-non-profits-autism-rocks-aftershocks","status":"publish","type":"post","link":"https:\/\/acro.net\/blog\/a-domain-escrow-process-for-non-profits-autism-rocks-aftershocks\/","title":{"rendered":"A domain Escrow process for non-profits : Autism.Rocks aftershocks"},"content":{"rendered":"

It seems that the domain community is “up in arms<\/em>” about the way the sale of Autism.Rocks<\/strong><\/a> was handled by Sedo<\/strong>.<\/p>\n

Fact-checking isn’t always the norm in the domainer village, and Sedo was quickly demonized over their 15% sales fee<\/strong> charge instead of a 3% escrow charge.<\/strong><\/p>\n

A lot of “hindsight 20\/20<\/em>” statements allege that Sedo should have known better, and should have advised the seller on how to pay less money for an already agreed upon exchange.<\/p>\n

The onus, however, falls upon the seller’s shoulders, as they are the ones defining the process and deciding on its financials.<\/p>\n

The apparent $12,000 dollars difference in fees isn’t chump change to sustain, but the argument that it’s the responsibility of Sedo to inform the seller is completely rubbish in my opinion.<\/p>\n

If the seller were, for example, a construction company selling to a wealthy buyer, I am certain that nobody would have been making all this unnecessary noise. But because we are talking about two independently operated non-profits focused on autism, people’s emotions are charged.<\/p>\n

Welcome to Capitalism.<\/strong><\/p>\n

Essentially, the seller did not perform due diligence for the options available in order to complete the sale.<\/p>\n

With the buyer being half way across the globe, I do not blame him for being on the edge of his seat. However, large transactions require cool-headed decisions<\/strong> and extra time to assess one’s options, particularly when they aren’t familiar with the full gamut of options available for domain names.<\/p>\n

There seems to be a need for a non-profit escrow process<\/strong>, however. I’ve completed several such domain sales over the years, and it’s always been the same story: limited availability of funds by the non-profit, or claims thereof.<\/p>\n

However, the popular notion that non-profits are financially weak, is not true. They do have limited budgets, any changes to which require decisions to be made by a board of directors.<\/p>\n

When I sold 100.org last year<\/strong><\/a>, my negotiations lasted several months; the sale completed after all the options were examined and despite extensive communications, there was never a pressure to come to an agreement.<\/p>\n

An escrow-driven process for non-profits would include several other elements, such as education of buyer and seller about the lower cost provided, along with post-sale support.<\/p>\n

Establishing long-lasting relationships is a wise and almost mandatory process for any industry, including domain investing.<\/p>\n","protected":false},"excerpt":{"rendered":"

It seems that the domain community is “up in arms” about the way the sale of Autism.Rocks was handled by Sedo. Fact-checking isn’t always the norm in the domainer village, and Sedo was quickly demonized over their 15% sales fee charge instead of a 3% escrow charge. A lot of “hindsight 20\/20” statements allege that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1167,133,1168,27],"class_list":["post-4643","post","type-post","status-publish","format-standard","hentry","category-domains","tag-autism-rocks","tag-escrow","tag-non-profits","tag-sedo","entry"],"yoast_head":"\nA domain Escrow process for non-profits : Autism.Rocks aftershocks<\/title>\n<meta name=\"description\" content=\"A domain Escrow process for non-profits : Autism.Rocks aftershocks\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acro.net\/blog\/a-domain-escrow-process-for-non-profits-autism-rocks-aftershocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A domain Escrow process for non-profits : Autism.Rocks aftershocks\" \/>\n<meta property=\"og:description\" content=\"A domain Escrow process for non-profits : Autism.Rocks aftershocks\" \/>\n<meta property=\"og:url\" content=\"https:\/\/acro.net\/blog\/a-domain-escrow-process-for-non-profits-autism-rocks-aftershocks\/\" \/>\n<meta property=\"og:site_name\" content=\"Acro.net - 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