New Namesilo Marketplace

tonyk2000 said:

An interesting idea. I think I like it. Very new indeed, and makes some sense. Not to say that it is 100% perfect (no system is perfect, even ICANN is not perfect) but not dealing with hugedomains in either gd expiring auctions as competitors, or at dropcatch as a "house" - this alone is a fresh air.

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Don’t forget, these lists update at 12 am Arizona time. Anyone on an opposite time schedule is screwed immediately. This platform is good if you buy junk domains.

Keith said:

Customers are happy to bid up to what they feel domains are worth to them. GoDaddy has the auction process about perfected. Let people bid and if nobody bids, offer a low bin.

In my case you sold a domain for $75 that I would’ve easily paid $10,000 for, probably double if need be. Oh well.

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what was the domain!!!

So there was a domain you were willing to bid supposedly 10K on and now it’s a good place to go for junk domains—which is it?

If you like to overpay there are plenty of other places for you to do so. Sounds like you are furious someone beat you to it is the real issue. You can always go offer the new owner that 10K.

karmaco said:

So there was a domain you were willing to bid supposedly 10K on and now it’s a good place to go for junk domains—which is it?

If you like to overpay there are plenty of other places for you to do so. Sounds like you are furious someone beat you to it is the real issue. You can always go offer the new owner that 10K.

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"probably double if need be"

oh well

karmaco said:

So there was a domain you were willing to bid supposedly 10K on and now it’s a good place to go for junk domains—which is it?

If you like to overpay there are plenty of other places for you to do so. Sounds like you are furious someone beat you to it is the real issue. You can always go offer the new owner that 10K.

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Yes the domains are 99% junk, go look. The problem with their system is when you want the 1% that have value but you have no way to bid.

I will indeed offer the new owner a nice sum of money for the domain. But looking at it from a business perspective, namesilo could’ve made tens of thousands of dollars on this particular domain. Not a smart way to operate your platform imo.

Oh and here’s another thing. The domain was purchased 1 full minute before it showed available to bid on my list. My page was refreshed every 2-3 seconds. Isn’t that interesting...

yea pretty dumb; I had similar issue where I would pay $20,000 for a name and went for max bid of $100; showed the page was still open for bidding for another 30 days and auction was closed as max bid was met?

Why leave money on the table; dumb dumb system

And here’s another thing. Because I was a new customer I had to pre-fund my account, despite having a verified debit card on file. So if Namesilo listed the domain with a max bid of $20k, a customer who was allowed to buy with their CC had an automatic advantage.

It would be good to know the domains guys.

Keith said:

And here’s another thing. Because I was a new customer I had to pre-fund my account, despite having a verified debit card on file. So if Namesilo listed the domain with a max bid of $20k, a customer who was allowed to buy with their CC had an automatic advantage.

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AFAIK, everyone has to pre-fund their accounts. If domain has a max bid of $20k and you want to buy it for $20k, you must have $20k in your NameSilo account.

Haris said:

It would be good to know the domains guys.

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Haris said:

AFAIK, everyone has to pre-fund their accounts. If domain has a max bid of $20k and you want to buy it for $20k, you must have $20k in your NameSilo account.

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Not according to the namesilo rep that emailed me. And I won’t disclose the domain because I’m going to try to buy it in a month.

Keith said:

Not according to the namesilo rep that emailed me. And I won’t disclose the domain because I’m going to try to buy it in a month.

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Okay, Thanks. Are you sure the person who bid $75 and won the auction did get the domain? Because most of my NameSilo auction purchases got renewed, it was a huge waste of time and I stopped checking their marketplace since then.

Haris said:

Okay, Thanks. Are you sure the person who bid $75 and won the auction did get the domain? Because most of my NameSilo auction purchases got renewed, it was a huge waste of time and I stopped checking their marketplace since then.

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They’ll get it because the current owner vanished. My GoDaddy rep was trying to buy it on my behalf. There was also a buy service request ahead of mine and that rep never got a response either. I offered $5600 to start which should’ve got their attention if they were available.

Keith said:

Customers are happy to bid up to what they feel domains are worth to them. GoDaddy has the auction process about perfected. Let people bid and if nobody bids, offer a low bin.

In my case you sold a domain for $75 that I would’ve easily paid $10,000 for, probably double if need be. Oh well.

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I was stunned after seeing that domain go for $75. But I have a feeling it could get renewed.
Edit: Just seen your recent post now.

@namesilo It appears the domain landing pages do not load when adblockers are installed in the browser. I currently have Privacy Badger and uBlock Origin installed as adblockers and this causes the LPs to not load but simply display a blank page. When I turn the adblocker off, the LP loads fine. I have not investigated which element is the problem but I suspect it is likely the GA integration that you have in the page that's causing the problem. Can you please take a look and fix it? Ideally, the page load should not be blocked on the availability of GA

Adblockers are increasing in usage and this might cause a lot of buyers to ignore the domain as they have no way to buy or make an offer

anantj said:

When I turn the adblocker off, the LP loads fine.

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I can confirm that:

1. Namesilo forsale landers without GA are showing fine with two different sets of adblockers (1: Linux, Adblock Latitude/Palemon(classic-looking Firefox-based browser) ; 2: Mac with kernel-level adguard.com (so all browsers and even apps are protected by default) with or without AdblockPlus browser addon for extra protection.

2. My own pages without GA but with an alternative tracking system (statcounter.com, its full version is a paid one, but very reasonably) are all fine with any adblock combos I tried. Some systems may disable this particlar tracking element if they are set to also block 3rd party tracking, and not exclusively commercial ads. Even hudedomains are using that statcounter.com (in invisible mode) last time I checked. Reason of why alternative solutions, not exclusively statcounter, are/were developed to replace GA is that a number of webmasters are of opoinion - giving less info to google is something positive by default.

So, if indeed it is GA that causes namesilo pages not lo load - then Name Silo might consider activating alternate 3rd party counters as an option, uncluding but not limited to statcounter. Being paid solutions, they may have aff. programs generating extra revenue for NameSilo, I for example would be happy to renew my existing statcounter subscription using your aff links

tonyk2000 said:

So, if indeed it is GA that causes namesilo pages not lo load - then Name Silo might consider activating alternate 3rd party counters as an option, uncluding but not limited to statcounter. Being paid solutions, they may have aff. programs generating extra revenue for NameSilo, I for example would be happy to renew my existing statcounter subscription using your aff links

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As an alternate, perhaps the page can also be reconfigured to allow the page to load even if GA does not load. My guess would be that the page elements written in such a way that they need the _ga object to be available to trigger events to GA but since GA is blocked, this object is unavailable and hence does not allow the page elements to get rendered.

Update: Quick debugging indicates that the culprit is Privacy Badger and the issue is not due to GA being blocked. Instead, Privacy Badger is blocking resources from namesilo.com/* , specifically, errors appear as follows

Loading failed for the <script> with source “https://www.namesilo.com/jslib/jquery-1.9.js”
Loading failed for the <script> with source “https://www.namesilo.com/parking/t/9/assets/jquery.fittext.js”
Loading failed for the <script> with source “https://www.namesilo.com/parking/t/9/assets/bootstrap/js/bootstrap.min.js”

If I unblock Namesilo, the page loads fine. I've reported this to EFF already as I don't think this blocking is right. Anyway, the issue is sorted by unblocking NS under Privacy Badger.

Hi @anantj and @tonyk2000 - Thanks for all the feedback. We will try to replicate on our end and patch if necessary. However, based on the latest reply, it sounds like an issue related to "Privacy Badger".

namesilo said:

We made the post above in early November 2016. At that time (about 8 months ago), we were very happy to see momentum starting to build for our Marketplace. As noted, at the time of that post, we had generated a total of $145,000 of domain sales in the first full year of our Marketplace. I am very pleased to report some more recent results....

In the first half of 2016, we have generated over $450,000 of sales, with our largest 2 months of Marketplace revenue happening in the last 2 months in a row.... June 2017 alone saw $116,190 in sales!

Many of the ratios listed from our November 2016 post above are still holding regarding the ratio of sale types (auction versus offer/counter offer). A few other pieces of data from just the first half of 2017:

Note that Offer/Counter-offer sale means a pure BIN sale in many cases

• $450,967.35 in total sales revenue

• $399,453.20 sold via Offer/Counter-offer sale

• $51,514.15 sold via Auction sale

• 1,083 domains have been sold

• 830 via Offer/Counter-offer sale

• 253 via Auction sale

• $416.40 average sale price

• $33,250 largest Offer/Counter-offer sale

• $10,100 largest Auction sale

• 71 sales setup with a payment plant

• 1 Buyer charge back

• Average payout in 6.4 days

We are very encouraged by this growth with our Marketplace and we would like to thank many NP members on this thread and others for their very helpful and well-thought out ideas for improvement. We remain committed to offering a good option for your domain sales and continuing to enhance our offering.

Thanks everyone!

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Hi Everyone,

A few people have requested some updated numbers from our Marketplace, so here goes...

We made the post above on July 3, 2017. At that time we had just about $600,000 in revenue from sales on our Marketplace covering the period from our Marketplace launch in late 2015 through July 3, 2017.

In the nearly 8 months since then, we have generated $1,260,886 of Marketplace revenue! You can really see the momentum looking at these numbers:

• In the first 20 months of our Marketplace we had ~$600,000 of sales
• In the 8 months since, we have had over $1,250,000 of sales!

To continue with the previously-provided breakdowns, since July 3, 2017:

Note that Offer/Counter-offer sale means a pure BIN sale in many cases

• $1,260,886 in total sales revenue
  • $1,245,412 sold via Offer/Counter-offer (BIN) sale
    
  • $15,474 sold via Auction sale
    
• 1,827 domains have been sold
  • 1,688 sold via Offer/Counter-offer (BIN) sale
  • 139 sold via Auction sale
    
• $690 average sale price
• $20,000 largest Offer/Counter-offer (BIN) sale (2 domains)
• $2,470 largest Auction sale
• 222 sales setup with a payment plan (12%).
• Of the 1,605 sales that occurred without a payment plan, 780 (48.5%) had a payment plan as an option.
• 2 Buyer charge backs
• Average payout in 5.8 days

A few other data points that were requested (thanks to @tonyk2000):

• Of the 222 payment plans, 135 (60%) opted for the longest payment plan duration offered
• There is no clear correlation between geo location and propensity to establish payment plans
• Of the 222 payment plans that were setup, 14 (6%) did not complete and the domain was returned to the owner. Of those, 5 of the 14 resulted in the buyer contacting us to report a problem with their selected payment method and us contacting the seller to inform them of the problem o see the domain relisted at the amount of the outstanding payment. In all of these 5 cases, the buyer purchased the domain again at full ask.
• Of the 222 sales setup with a payment plan, they broke down in the following ranges:
  • $10 - $100: 14
  • $100 - $500: 44
  • $500 - $1,000: 71
  • $1,000 - $2,000: 37
  • $2,000 - $5,000: 34
  • $5,000+: 22

We hope this data helps, and we would once again like to thank everyone on NamePros for all of the feedback, suggestions and constructive criticism that we have received. We clicked through a lot of this thread (and others) to find the data points people were most interested in, and it brought back a lot of the things we had worked on over the last few years of enhancing our Marketplace... based very noticeably upon the feedback we have received here!

namesilo said:

1,827 domains have been sold

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namesilo said:

2 Buyer charge backs

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It is one of the most amazing things in the report. Such a low % of chargebacks in "buyer-not-present" online ecommerce transactions...

tonyk2000 said:

It is one of the most amazing things in the report. Such a low % of chargebacks in "buyer-not-present" online ecommerce transactions...

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Yeah, we agree... running the Marketplace comes with a lot of risk to us so we have taken several steps to minimize the number of charge backs and payment disputes. It is a careful balance between convenience for buyers and our need to protect ourselves from charge backs, and we are very happy of the results we've been able to achieve on this topic.

Keith said:

Customers are happy to bid up to what they feel domains are worth to them. GoDaddy has the auction process about perfected. Let people bid and if nobody bids, offer a low bin.

In my case you sold a domain for $75 that I would’ve easily paid $10,000 for, probably double if need be. Oh well.

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Well buddy, I missed buying it too. It's expired CryptoFund.com which sold for $75 recently.
Someone else was faster. Although there is still some time left for renewal, I think the owner is not aware of it.

GoWebnames.com said:

Well buddy, I missed buying it too. It's expired CryptoFund.com which sold for $75 recently.
Someone else was faster. Although there is still some time left for renewal, I think the owner is not aware of it.

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Oh wow CryptoFund.com for $75 that is really an incredible buy.

equity78 said:

Oh wow CryptoFund.com for $75 that is really an incredible buy.

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@namesilo is amazing, only if you are first

tonyk2000 said:

An interesting idea. I think I like it. Very new indeed, and makes some sense. Not to say that it is 100% perfect (no system is perfect, even ICANN is not perfect) but not dealing with hugedomains in either gd expiring auctions as competitors, or at dropcatch as a "house" - this alone is a fresh air.

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It's very interesting.