Dynadot

New Namesilo Marketplace

NameSilo
Watch

cocaseco

Top Member
Impact
1,351
12
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
On a forsale landing page, NameSilo clarifies to a visitor that

What is a premium domain?
A premium domain is a domain that is already owned by someone else and is therefore not available for regular registration.
(quote end).

See, in contrast:

GoDaddy domainsearch results:

What's a premium domain?
Premium Domain Names are more valuable than other domains because they are based on common words or phrases people often use in their online searches.
While GoDaddy does not own these domains names, we are one of a select group of registrars that can introduce you to the sellers.

Netsol domainsearch results:

Premium Domain Names, also known as Premium Resale domains, are priced higher than unregistered domains based on a variety of criteria including the number of characters in the domain, the number of years the domain has been registered, relevancy and popularity of the keyword, and the traffic it generates.

---

It would probably make sense to amend "premium domain" definition @ NameSilo ...
 
3
•••
Not too long ago I got an offer on a domain. I made a counter offer. My counter offer deadline expired without the offer being accepted/countered so I thought the prospective buyer had simply moved on to another name. Then today I suddenly got a new and higher offer on the domain from the same buyer, where he said that he wanted to respond to the offer, but was unable to find the negotiation page.

Maybe you can make it easier for non-domainers, who are not familiar with the namesilo interface, to find domains they have made offers on. Perhaps a direct link to the negotiation page for the specific name in the email? And specifically for newly opened namesilo.com accounts with zero names, that have clearly been opened just for the purpose of making an offer on a particular name, you could put a direct link to the negotiation page on the "Account Overview" home page as well. This would only be useful for newly opened accounts with zero names that were opened just to make an offer on a name, and not for established accounts with domains in them, as the latter group of users would be able to find names they have made offers on via the marketplace manager path, and such info would be redundant and clutter up the account overview of such users.

Hi @Arca . Thanks for the feedback. We have updated the email that Buyers and Sellers receive when counters are placed to include a direct URL to the page to respond. We will also look into your other suggestion regarding placing an alert on the home page for obvious new accounts engaged in an offer/counter-offer sale.
 
1
•••
On a forsale landing page, NameSilo clarifies to a visitor that

What is a premium domain?
A premium domain is a domain that is already owned by someone else and is therefore not available for regular registration.
(quote end).

See, in contrast:

GoDaddy domainsearch results:

What's a premium domain?
Premium Domain Names are more valuable than other domains because they are based on common words or phrases people often use in their online searches.
While GoDaddy does not own these domains names, we are one of a select group of registrars that can introduce you to the sellers.

Netsol domainsearch results:

Premium Domain Names, also known as Premium Resale domains, are priced higher than unregistered domains based on a variety of criteria including the number of characters in the domain, the number of years the domain has been registered, relevancy and popularity of the keyword, and the traffic it generates.

---

It would probably make sense to amend "premium domain" definition @ NameSilo ...

Hi @tonyk2000 . Thanks for the suggestion. We have changed the verbiage to:

"A premium domain is a domain that is already owned by someone else. Premium domains are more valuable than unregistered domains for a number of reasons including the age of the domain, popularity of keyword(s) in the domain and appeal to specific buyers."

May take a few days for the change to get out to our entire network.
 
4
•••
Just wanted to share a "trick" I've been using to slightly increase my NS marketplace turnover. Sometimes I'm not able to reach a price agreement with a prospective buyer during negotiations, and as a result, not able to turn the offer into a sale. What can be very frustrating in these situations is that I often have further price flexibility on the domain. But for some reason a lot of end-users take my first counter offer as my final and lowest offer, and if they think it's too high they simply disappear rather than make a lower counter-offer. They could have made a lower counter-offer, and I would have accepted it a lot of the time, but instead they choose to end negotiations rather than counter-offering.

Personally, whenever I get an inbound offer I always prefer to sell at the lowest price I can accept, rather than not make a sale at all and hold out for a more ideal price from another buyer. Especially if it's an average quality domain. As every domain investor knows, it often takes years before another interested buyer comes along, and in some cases another buyer may never materialize again. So I always prefer to sell if I have the chance to make a decent profit at a price I can live with, rather than hold out for the potential of a higher return years down the line.

In these situations, after negotiations have ended but where I still had pricing flexibility, I usually delete the domain listing, and then list it again at the lowest price I am willing to accept. The namesilo system will then send the person who made the offer an email telling them the domain has been listed for sale again. Sometimes the buyer returns to check out the listing again, and upon discovering that the price has been lowered and is now close to or within their budget range they proceed to buy the domain. This only works occasionally, but the fact that it works at all makes it a nice last ditch effort to turn an inbound offer into a sale in some situations where the buyer is close to or within the range you are willing to sell the domain for. I find this to be most effective if I list the domain at a price very close to the buyer's last/final offer. Say if buyer came up to $1000, and that's a price I would have been happy to sell the name for, I would then list the domain again in the $1000-1250 range, and sometimes the buyer returns to buy it. This method is not going to work most of the time, but in some situations where you feel like the buyer might have bought the domain if only they had known your lowest/floor price, it can be a helpful technique to make a sale that would otherwise not have happened.
 
12
•••
@Arca , Bro i don't know how you come up with these "techniques" .. but you sure do Rock. Thank you for that piece of pearl. Kudos to you.
 
2
•••
Just wanted to share a "trick" I've been using to slightly increase my NS marketplace turnover. Sometimes I'm not able to reach a price agreement with a prospective buyer during negotiations, and as a result, not able to turn the offer into a sale. What can be very frustrating in these situations is that I often have further price flexibility on the domain. But for some reason a lot of end-users take my first counter offer as my final and lowest offer, and if they think it's too high they simply disappear rather than make a lower counter-offer. They could have made a lower counter-offer, and I would have accepted it a lot of the time, but instead they choose to end negotiations rather than counter-offering.

Personally, whenever I get an inbound offer I always prefer to sell at the lowest price I can accept, rather than not make a sale at all and hold out for a more ideal price from another buyer. Especially if it's an average quality domain. As every domain investor knows, it often takes years before another interested buyer comes along, and in some cases another buyer may never materialize again. So I always prefer to sell if I have the chance to make a decent profit at a price I can live with, rather than hold out for the potential of a higher return years down the line.

In these situations, after negotiations have ended but where I still had pricing flexibility, I usually delete the domain listing, and then list it again at the lowest price I am willing to accept. The namesilo system will then send the person who made the offer an email telling them the domain has been listed for sale again. Sometimes the buyer returns to check out the listing again, and upon discovering that the price has been lowered and is now close to or within their budget range they proceed to buy the domain. This only works occasionally, but the fact that it works at all makes it a nice last ditch effort to turn an inbound offer into a sale in some situations where the buyer is close to or within the range you are willing to sell the domain for. I find this to be most effective if I list the domain at a price very close to the buyer's last/final offer. Say if buyer came up to $1000, and that's a price I would have been happy to sell the name for, I would then list the domain again in the $1000-1250 range, and sometimes the buyer returns to buy it. This method is not going to work most of the time, but in some situations where you feel like the buyer might have bought the domain if only they had known your lowest/floor price, it can be a helpful technique to make a sale that would otherwise not have happened.

Great info!

Can I ask if you use the Payment Plan option? And if yes, do you have buyers choosing this?

I am also a bit worried if some potential buyers will be annoyed that they have to keep the domain at NameSilo for at least 60 days after purchase. Or maybe that is not a problem at all...

Thanks.
 
0
•••
What a great asset for NameSilo, NameSilo is pretty much an all in one, with all the options they offer

@Embrand , I doubt the new owner will have a problem leaving their newly purchased name at NameSilo, If the buyer hangs around NameSilo for 60 days, They wont transfer their new accusation, They will move their portfolio to NameSilo ;)
 
1
•••
What a great asset for NameSilo, NameSilo is pretty much an all in one, with all the options they offer

@Embrand , I doubt the new owner will have a problem leaving their newly purchased name at NameSilo, If the buyer hangs around NameSilo for 60 days, They wont transfer their new accusation, They will move their portfolio to NameSilo ;)

Yes, I think you might be right :xf.smile: Certainly some fantastic features. I love that you have registrar and sales platform in one place.
 
1
•••
Great info!

Can I ask if you use the Payment Plan option? And if yes, do you have buyers choosing this?

I am also a bit worried if some potential buyers will be annoyed that they have to keep the domain at NameSilo for at least 60 days after purchase. Or maybe that is not a problem at all...

Thanks.
I do use the payment plan option and I have buyers that pay for domains in this way. BIN at full-price and offer/counter-offer negotiations are more popular options than the payment plan, but there seems to be a growing number of people opting for the payment plan as well. Over the past 3 months I've sold 9 domains via the payment plan option. Two of them were set up after I negotiated with buyer over email, while the other seven were people who set up the payment plan via type-in/landing page.

As for the 60 day lock, I don't think it's a significant problem for end-user buyers.
 
1
•••
I do use the payment plan option and I have buyers that pay for domains in this way. BIN at full-price and offer/counter-offer negotiations are more popular options than the payment plan, but there seems to be a growing number of people opting for the payment plan as well. Over the past 3 months I've sold 9 domains via the payment plan option. Two of them were set up after I negotiated with buyer over email, while the other seven were people who set up the payment plan via type-in/landing page.

As for the 60 day lock, I don't think it's a significant problem for end-user buyers.

That sounds good. Thanks for the insight!
 
1
•••
@namesilo - I realized that one thing that could make your email notifications when a domain has been re-listed to the marketplace more effective is if you start to include the BIN price of the domain in the notification email body (for domains that are listed with a BIN price). It's been a while since I last received one of those emails myself, but when I did, it only contained the domain name and not the price.

These notification emails can prompt "former" prospective buyers to go check the listing, which can be used as a way to alert them to a price change, and if a domain is listed at a lower price, they might end up buying the domain after discovering the new list price. I was able to turn broken down negotiations into a sale most recently a few days ago by doing this. But at the same time, if you list the domain at a lower price to entice that buyer to buy the domain, whether or not they actually "discover" this new price (which in practice works as a final counter-offer) is entirely contingent on whether they take the time to navigate to the marketplace or domain landing page to actually check out the domain listing again after receiving the email notification. If a buyer does not do this, they might never realize that the domain has been re-listed at a different price.

If you could start to include the BIN price in the notification email it would be more effective at getting somebody who has made an offer on a name in the past to buy it, as they are sure to take note of the new BIN price if it's listed in the email itself. Additionally, if the domain is re-listed at exactly the same BIN price as before, they don't have to waste time to go visit the marketplace only to find that the listing is unchanged, as an identical re-listing of the name would not really do anything to change their mind.
 
2
•••
@namesilo - I realized that one thing that could make your email notifications when a domain has been re-listed to the marketplace more effective is if you start to include the BIN price of the domain in the notification email body (for domains that are listed with a BIN price). It's been a while since I last received one of those emails myself, but when I did, it only contained the domain name and not the price.

These notification emails can prompt "former" prospective buyers to go check the listing, which can be used as a way to alert them to a price change, and if a domain is listed at a lower price, they might end up buying the domain after discovering the new list price. I was able to turn broken down negotiations into a sale most recently a few days ago by doing this. But at the same time, if you list the domain at a lower price to entice that buyer to buy the domain, whether or not they actually "discover" this new price (which in practice works as a final counter-offer) is entirely contingent on whether they take the time to navigate to the marketplace or domain landing page to actually check out the domain listing again after receiving the email notification. If a buyer does not do this, they might never realize that the domain has been re-listed at a different price.

If you could start to include the BIN price in the notification email it would be more effective at getting somebody who has made an offer on a name in the past to buy it, as they are sure to take note of the new BIN price if it's listed in the email itself. Additionally, if the domain is re-listed at exactly the same BIN price as before, they don't have to waste time to go visit the marketplace only to find that the listing is unchanged, as an identical re-listing of the name would not really do anything to change their mind.

Hi @Arca . Thanks for the suggestion. We have added the BIN price (if provided) to the email notifications.
 
1
•••
@namesilo

Can you please add the option where buyer pays fees in addition to the agreed price or the fees is split between the buyer and seller, like Escrow.com. It will be very useful for me. Because when I use Escrow.com, and the buyer and I agree to a price, say $2000, I just let him know he will have to pay additional escrow fees but when using namesilo marketplace, I feel it's awkward to ask them to pay $2060 when we agreed at a price of $2000.

At Escrow.com, it's also clear to the buyer that if he wants to pay less fees, he needs to use wire transfer instead of PayPal/CC but at NameSilo, the buyer will probably use the easy method of paying via PayPal/CC and 7.5% fees will get deducted from the sale price. So I will have to specifically tell the buyer that he must pay via wire.

Not a big deal but will help.

Thanks a lot!
 
1
•••
Hmm that's interesting. But maybe we are overcomplicating matters for the buyer ? Is it not better /simpler to always assume the seller pays fees ?


Can you please add the option where buyer pays fees in addition to the agreed price or the fees is split between the buyer and seller, like Escrow.com. It will be very useful for me. Because when I use Escrow.com, and the buyer and I agree to a price, say $2000, I just let him know he will have to pay additional escrow fees but when using namesilo marketplace, I feel it's awkward to ask them to pay $2060 when we agreed at a price of $2000.

At Escrow.com, it's also clear to the buyer that if he wants to pay less fees, he needs to use wire transfer instead of PayPal/CC but at NameSilo, the buyer will probably use the easy method of paying via PayPal/CC and 7.5% fees will get deducted from the sale price. So I will have to specifically tell the buyer that he must pay via wire.

Not a big deal but will help.

Thanks a lot!
 
3
•••
Hmm that's interesting. But maybe we are overcomplicating matters for the buyer ? Is it not better /simpler to always assume the seller pays fees ?

Agreed ... let's keep things simple and efficient. Namesilo's marketplace fees are the lowest anyway so I don't think someone would get richer from a plus 7.5% . Anyway you can always up your asking price to include the fees.
 
3
•••
Hmm that's interesting. But maybe we are overcomplicating matters for the buyer ? Is it not better /simpler to always assume the seller pays fees ?
Agreed ... let's keep things simple and efficient. Namesilo's marketplace fees are the lowest anyway so I don't think someone would get richer from a plus 7.5% . Anyway you can always up your asking price to include the fees.

If buyer pays fees at Escrow.com for a $2000 sale, doesn't matter what payment method he uses, we get $2000. If buyer pays $2000 at NameSilo, and he chooses to pay via the easy way that is PayPal/CC, we get $1850. So 7.5% is obviously less than marketplaces like Sedo and AfterNic but when compared to Escrow.com, it's a bit expensive. That's the difference, not a big deal as I said above, but it would be better imo.

The seller can always configure who is going to pay the fees while creating the sale listing. If someone thinks it will create complication for the buyer, than he should just set that the seller is going to pay the fees while creating the listing. imo
 
3
•••
If buyer pays fees at Escrow.com for a $2000 sale, doesn't matter what payment method he uses, we get $2000. If buyer pays $2000 at NameSilo, and he chooses to pay via the easy way that is PayPal/CC, we get $1850. So 7.5% is obviously less than marketplaces like Sedo and AfterNic but when compared to Escrow.com, it's a bit expensive. That's the difference, not a big deal as I said above, but it would be better imo.

The seller can always configure who is going to pay the fees while creating the sale listing. If someone thinks it will create complication for the buyer, than he should just set that the seller is going to pay the fees while creating the listing. imo

Hi @Haris , Interesting concept. We always endeavor to give our Sellers as much flexibility as possible, and we can certainly see where some Sellers would find this useful in certain cases. We will be adding this to our "list" to see if it is something we could get added. Thanks for the suggestion!
 
1
•••
Hey Everyone. We wanted to let you know that we have just released a new landing page template! This new template is a responsive design that is our first template to include a contact form directly on the landing page. All of the configuration variables available with our other templates (show/hide buttons, list other domains for sale, adding text, etc.) are available with this new template. The only display configuration options is the highlighted text color, but the other colors are pretty muted so should work well. Any visitors who complete the form will have their submitted information emailed to the main account email address we have for you. You can see the new template on the bottom of this page: https://www.namesilo.com/Support/Marketplace

Again, the template is entirely backward-compatible with our other templates so feel free to change any existing sales to using the new template if you want to try it out. Just make sure you use a somewhat dark color for the font color since the background is light-grey and white.

Hope you enjoy and more to come!
 

Attachments

  • landing_page_template_3.jpg
    landing_page_template_3.jpg
    41.2 KB · Views: 164
7
•••
Hey Everyone. We wanted to let you know that we have just released a new landing page template! This new template is a responsive design that is our first template to include a contact form directly on the landing page. All of the configuration variables available with our other templates (show/hide buttons, list other domains for sale, adding text, etc.) are available with this new template. The only display configuration options is the highlighted text color, but the other colors are pretty muted so should work well. Any visitors who complete the form will have their submitted information emailed to the main account email address we have for you. You can see the new template on the bottom of this page: https://www.namesilo.com/Support/Marketplace

Again, the template is entirely backward-compatible with our other templates so feel free to change any existing sales to using the new template if you want to try it out. Just make sure you use a somewhat dark color for the font color since the background is light-grey and white.

Hope you enjoy and more to come!
Great! Hope we’ll see even more template options in the future.

A few initial thoughts after checking out the new landing page:

- Can you implement minimum offer? It’s currently possible to make a $1 offer via this form. My own experience with anything goes/no minimum offer landing pages is that they generate a lot of useless $1, $10, $20, offers from low-ballers and time wasters that never turn into sales. Maybe an offer/counter offer listing’s minimum offer can be carried over to this form?

- It would look better if you made the buy now/make offer buttons the same width, as they are nearly the same width already.

- Capitalization is not consistent. The form says Make an Offer and Submit Form, but also Buy now.

- A “payment plan” button would fit nicely between the BIN and “make offer” buttons. That would be a more intuitive way of letting landing page visitors check out this option if applicable.

- It might be good to put a namesilo.com logo in the footer or somewhere else on the page. The landing page design is totally different than the namesilo.com design, so indicating namesilo affiliation on the landing page would lessen some of the disorientation buyers might feel at first when they click on buy now or make offer after which they are sent to another website, namesilo.com, that looks entirely different from the landing page they were just on. After clicking one of these buttons on the landing page a buyer would expect to be sent to a second page with the same design as the initial landing page, not a different website altogether, so taking some steps to make this transition more smooth would provide a better user experience for buyers.

- This would require more work to implement, but if you are planning to continue to develop this kind of landing page form option, then it would be nice if there could be a way to communicate with buyers that fill in the form directly via the namesilo system. For example, when you get an inquiry at DomainNameSales, the inquiry shows up in your DomainNameSales control panel "inbox", and you can respond to the inquiry via DomainNameSales (they send your response via email to the person who made the inquiry, and when they respond, the response shows up in your dashboard inbox). To have a "built in" way of managing and responding to landing page form inquiries and sending out accepted offer BIN links would be great.

- Some sellers never call buyers, say if they are based in Europe or Asia and most inquiries come from the US, so it would be good if we could disable the phone number text box if we do not need buyers' phone numbers or if you could put "(optional)" in this box. Many people are highly privacy conscious these days and might be concerned about giving away too much personal information on a landing page that gives provides zero information about who and where the personal info they enter into the form is sent to. It’s currently possible to submit an inquiry without entering a phone number, but some buyers may not realize that, and just seeing that they seemingly have to enter their phone number which will be sent to an unknown source might be turn-off for them when they are considering to make an offer via the form.
 
2
•••
Thanks for your feedback @Arca . A few quick replies:

- Can you implement minimum offer? It’s currently possible to make a $1 offer via this form. My own experience with anything goes/no minimum offer landing pages is that they generate a lot of useless $1, $10, $20, offers from low-ballers and time wasters that never turn into sales. Maybe an offer/counter offer listing’s minimum offer can be carried over to this form?

We should be able to do this, but may take a little time.

- It would look better if you made the buy now/make offer buttons the same width, as they are nearly the same width already.

This has been done.

- Capitalization is not consistent. The form says Make an Offer and Submit Form, but also Buy now.

This has been done.

- A “payment plan” button would fit nicely between the BIN and “make offer” buttons. That would be a more intuitive way of letting landing page visitors check out this option if applicable.

We currently have the same button options on this template as we do for the others. We may adjust this moving forward.

- It might be good to put a namesilo.com logo in the footer or somewhere else on the page. The landing page design is totally different than the namesilo.com design, so indicating namesilo affiliation on the landing page would lessen some of the disorientation buyers might feel at first when they click on buy now or make offer after which they are sent to another website, namesilo.com, that looks entirely different from the landing page they were just on. After clicking one of these buttons on the landing page a buyer would expect to be sent to a second page with the same design as the initial landing page, not a different website altogether, so taking some steps to make this transition more smooth would provide a better user experience for buyers.

We added a highlighted "Sold securely via NameSilo" under the buttons. We feel like our logo would clutter the layout, but we may adjust based on other feedback.

- This would require more work to implement, but if you are planning to continue to develop this kind of landing page form option, then it would be nice if there could be a way to communicate with buyers that fill in the form directly via the namesilo system. For example, when you get an inquiry at DomainNameSales, the inquiry shows up in your DomainNameSales control panel "inbox", and you can respond to the inquiry via DomainNameSales (they send your response via email to the person who made the inquiry, and when they respond, the response shows up in your dashboard inbox). To have a "built in" way of managing and responding to landing page form inquiries and sending out accepted offer BIN links would be great.

Yes, we have considered an internal system for managing conversations with Buyers. If we do so, we will certainly implement within landers.

- Some sellers never call buyers, say if they are based in Europe or Asia and most inquiries come from the US, so it would be good if we could disable the phone number text box if we do not need buyers' phone numbers or if you could put "(optional)" in this box. Many people are highly privacy conscious these days and might be concerned about giving away too much personal information on a landing page that gives provides zero information about who and where the personal info they enter into the form is sent to. It’s currently possible to submit an inquiry without entering a phone number, but some buyers may not realize that, and just seeing that they seemingly have to enter their phone number which will be sent to an unknown source might be turn-off for them when they are considering to make an offer via the form.

We added "(optional)" to the phone field.

Thanks again for your feedback. Please remember it could take a little time for these changes to filter through to landing pages that have already been setup with this new template.
 
7
•••
TBH I hate if my website being captured by domaintools.com, if possible please deny their bots to capture the landing page and the sale page, except if our domains is only on your parking page :xf.smile:
 
1
•••
@namesilo - Thanks for implementing the suggested updates!
We added a highlighted "Sold securely via NameSilo" under the buttons. We feel like our logo would clutter the layout, but we may adjust based on other feedback.
Maybe you can hyperlink "Sold securely via NameSilo" to www.namesilo.com/Support/Marketplace? This would give visitors an easy way to navigate directly from the landing page to a relevant page where they can learn more about the namesilo marketplace.

Alternatively, maybe you could create a new dedicated buyers "education" info page that only displays info about the transaction process that is relevant to buyers (payment options, no extra fees, instant transfer, payment plan rules etc.). Would actually be very useful in general for sellers to have an information page like that geared towards buyers, which we could use to educate buyers about the NS marketplace (since most non-domainer end-users do not have prior familiarity with namesilo). For example, if somebody contacts me via WHOIS email and I want to send the transaction through the NS marketplace, I often have to spend some time to introduce them to your registrar/marketplace before they feel comfortable to proceed with the transaction. It would be good if you had a page for this purpose that I could send the buyer to where they can get an introduction to the marketplace from a buyer's perspective and where you could build trust the secure buying process offered by your marketplace.

Another thing, with Google Chrome moving to display “not secure” warnings on pages with forms on HTTP websites, are there plans of adding SSL to this landing page template?
 
Last edited:
2
•••
@namesilo -

For example, if somebody contacts me via WHOIS email and I want to send the transaction through the NS marketplace, I often have to spend some time to introduce them to your registrar/marketplace before they feel comfortable to proceed with the transaction. It would be good if you had a page for this purpose that I could send the buyer to where they can get an introduction to the marketplace from a buyer's perspective and where you could build trust the secure buying process offered by your marketplace.

Another thing, with Google Chrome moving to display “not secure” warnings on pages with forms on HTTP websites, are there plans of adding SSL to this landing page template?

(y)
 
0
•••
Hi @Haris , Interesting concept. We always endeavor to give our Sellers as much flexibility as possible, and we can certainly see where some Sellers would find this useful in certain cases. We will be adding this to our "list" to see if it is something we could get added. Thanks for the suggestion!

Thanks @namesilo. Is it also possible to provide configuration options to allow or disallow certain payment options? Taking @Haris 's case, he might want to disable the PP/CC option entirely instead of requesting the buyer to only use Wire to pay...
 
1
•••
Is there not a concern that if some sellers start disallowing certain payment options on their NameSilo landing pages, that buyers will think that it's a NameSilo policy and thus put them off looking to buy domains from other NameSilo sellers in the future?
 
2
•••
Back