- Impact
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How does it work. My guess: they make deals with some registrars. When someone makes a search at one of those registrars, and the domain he is interested in is not available, they show a backorder option, and domainagents handle brokering part. In case of sale, money is shared with domainagents, escrow.com, registrar, and the seller. How much the seller gets at the end? : I bet it can be 50 percent, maybe 1 percent.
DA requires escrow.com as transfer agent, and no alternatives allowed, even a simple push by the seller even before receiving money.
Are such agents helpful or harmful: I have no idea. They may be blocking some sales, or blocking good sales, or making unsellable domains sell. If I contact a potential buyer, there will be no reaction. This might be happening because the top of a company is not reachable, and it is surrounded by sharks each of which want their own share, so they don't care whether they buy domain for a low price, but they want a higher amount out of the total amount paid for the domain.
I bet I was offered 1K. but I get 200 USD initial offer. That 200 USD is actually backorder fee, not the offer itself. This way they eliminate risk, but at the same time leave us with very low offers. Strangely buyers won't try to visit the domain, or contact sellers directly. A big company would just say, take this money, and get the domain in 10 days. And then the less we get, the more they earn. But if brokers share a lot with me, such as actual content of buyer's emails, I'm sure many good sales would be possible.
DA requires escrow.com as transfer agent, and no alternatives allowed, even a simple push by the seller even before receiving money.
Are such agents helpful or harmful: I have no idea. They may be blocking some sales, or blocking good sales, or making unsellable domains sell. If I contact a potential buyer, there will be no reaction. This might be happening because the top of a company is not reachable, and it is surrounded by sharks each of which want their own share, so they don't care whether they buy domain for a low price, but they want a higher amount out of the total amount paid for the domain.
I bet I was offered 1K. but I get 200 USD initial offer. That 200 USD is actually backorder fee, not the offer itself. This way they eliminate risk, but at the same time leave us with very low offers. Strangely buyers won't try to visit the domain, or contact sellers directly. A big company would just say, take this money, and get the domain in 10 days. And then the less we get, the more they earn. But if brokers share a lot with me, such as actual content of buyer's emails, I'm sure many good sales would be possible.
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