Sorry for the newb question here, but how exactly does this work? I've looked over the site, but don't see any description of the process. I understand that you get a bid and can go to auction, as long as it meets your minimum (I've sent quite a few to auction this way), but I'm a bit confused... If someone "pushes" your domain to auction and it receives no other bids, do they have to buy it? If not, how is this going to affect the commission cost charged by SEDO? I imagine that you would only want to request certain domains to be pushed, but I would like to get some details on the way all this works, preferably by someone who has actually used it.
Thanks!
:hi: desiredname,
I'm not connected with PushToAuctions but will try to help you based on my
understanding of the service.
"...how exactly does this work?"
If you read thru the info listed on the submission page ,you will
most likely understand how it works.
Link here:
PushToAuction.com - Submit Listing
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"I
f someone "pushes" your domain to auction and it receives no other bids, do they have to buy it?"
Yes.
And you're committed to sell it at $60.
By pushing your domain to auction an opening bid of $60 is being made.
If no other bids come in during the 7 day auction, then the domain is sold
for $60 (less Sedo's commission).
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"
how is this going to affect the commission cost charged by SEDO?"
Any domain you want to list at PushToAuctions must already be listed at Sedo.
It's important that any domains you list at PushToAuction also be Parked at Sedo.
The reason this is important is Sedo's commission schedule.
You may know that Sedo charges a 10% commission with a $50 minimum.
If your domain is NOT Parked at Sedo and it's pushed to auction and winds up selling for $60, then you would only get $10 and Sedo would get $50.
If your domain IS Parked at Sedo and it's pushed to auction and winds up selling for $60, then you would get $54 and Sedo would get $6.
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I imagine that you would only want to request certain domains to be pushed"
Of course you would only want to list domains that you'd be willing to sell for $60
otherwise you'd be taking a risk.