Undeveloped.com Experience

Sold second domain via Undeveloped in less than 10 days after first one. And I have small portfolio there, about 70 names.
Go Undeveloped!

talking.domains said:

Sold second domain via Undeveloped in less than 10 days after first one. And I have small portfolio there, about 70 names.
Go Undeveloped!

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Under $500 or 4F-sales?

Both lower xxxx

@Undeveloped Over the past week I've lost American buyers that won't complete the purchase just because you guys don't support American express and also they refused to use other alternative methods like paypal or bankwire. Please create support for AmEx cause this is really frustrating.

TheShadowKing said:

@Undeveloped Over the past week I've lost American buyers that won't complete the purchase just because you guys don't support American express and also they refused to use other alternative methods like paypal or bankwire. Please create support for AmEx cause this is really frustrating.

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Tons of other businesses and marketplaces don't accept AmEx. Because their banks give tough terms for working with AmEx. What do to. This is worldwide known fact. I don't know any AmEx card holder that doesn't bring another card with him just in case he can't use his AmEx. So it's possible to say, you didn't loose a buyer, you lost some stubborn dude. Well if this makes it anyhow better for you, money is money of course...

Hi, I have few domains on Undeveloped ( 16 to be precise) and I put thread in external links and few posts on facebook sites which undeveloped recomended. Is there any other way in showing mine portfolio except twitter or linkedin?

TheShadowKing said:

@Undeveloped Over the past week I've lost American buyers that won't complete the purchase just because you guys don't support American express and also they refused to use other alternative methods like paypal or bankwire. Please create support for AmEx cause this is really frustrating.

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I'm sorry to hear that. Which buyers? Next time please inform us so we can contact the buyer on your behalf and presented them him/her with alternatives. As far as I'm aware of, all buyers we speak to eventually agree to use either another card or Amex via Paypal.

We stopped accepting Amex because we lost close to $20,000 in chargebacks in just two months. As long as Amex has terrible (seller) protection protocol in place, we can't accept that payment source. Other marketplaces in these situations cases will try to get the chargeback covered by you, the seller, but we'd rather not go in that route either.

Undeveloped should stop leaking buyer information to seller when deal broke. Look at what they've done with them. https://www.namepros.com/threads/non-payer-at-undeveloped-com.1082599/

If those buyers (or potential customers) found out this, or received a not so polite email. It's very likely the they wouldn't come back to undeveloped again. I still like to sell domains through undeveloped.

bluemeteor said:

Undeveloped should stop leaking buyer information to seller when deal broke. Look at what they've done with them. https://www.namepros.com/threads/non-payer-at-undeveloped-com.1082599/

If those buyers (or potential customers) found out this, or received a not so polite email. It's very likely the they wouldn't come back to undeveloped again. I still like to sell domains through undeveloped.

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Sedo has been doing this for many years. I've got a whole file on non paying buyers from Sedo since 2003. Kinda the point of it, buyer doesn't pay give details to seller so if they wish to proceed with legal action they can. Why would ya want non payers on your system? Can't pay don't submit an offer. Nobody will get mad if a non paying time wasting wanna be buyer gets mad and goes away.

If you want to beat sedo, you have to be better than sedo.
If someone collects everyone's weakness to compare with himself, he is gonna be the worst of all.

Seems pretty simple. When you go to "Place a bid" there is a clickable box in the prompt that states, "All bidders are required to put up 10% of the bid in earnest." You have to click the box in order to continue with the bid. Your accnt is preset with your credit card, PayPal or whatever your payment method is.

Let's say you bid $100 and you end up winning the auction. As soon as the auction ends the 10% earnest is immediately deducted from your accnt and transferred to the seller. You then wait for the buyer to fulfill their obligation and make the remaining payment.

3 strikes, or non pays and you lose your bidding privileges.

Seller pockets the earnest money, and puts the domain back up for auction.

LAYNESHALE said:

Seems pretty simple. When you go to "Place a bid" there is a clickable box in the prompt that states, "All bidders are required to put up 10% of the bid in earnest." You have to click the box in order to continue with the bid. Your accnt is preset with your credit card, PayPal or whatever your payment method is.

Let's say you bid $100 and you end up winning the auction. As soon as the auction ends the 10% earnest is immediately deducted from your accnt and transferred to the seller. You then wait for the buyer to fulfill their obligation and make the remaining payment.

3 strikes, or non pays and you lose your bidding privileges.

Seller pockets the earnest money, and puts the domain back up for auction.

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Not auction.
Something like Buyer offered like $2k, seller agreed. Buy decided

LAYNESHALE said:

Seems pretty simple. When you go to "Place a bid" there is a clickable box in the prompt that states, "All bidders are required to put up 10% of the bid in earnest." You have to click the box in order to continue with the bid. Your accnt is preset with your credit card, PayPal or whatever your payment method is.

Let's say you bid $100 and you end up winning the auction. As soon as the auction ends the 10% earnest is immediately deducted from your accnt and transferred to the seller. You then wait for the buyer to fulfill their obligation and make the remaining payment.

3 strikes, or non pays and you lose your bidding privileges.

Seller pockets the earnest money, and puts the domain back up for auction.

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not auction.
like someone offered 2k for an offer only domain,seller agreed, buyer decided not to buy anymore. Seller publish buyer’s information trying to shame buyer.

bluemeteor said:

It's very likely the they wouldn't come back to undeveloped again.

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But this is exactly what we all want! To kill those roaches ant tirekickers, to keep the market healthy.

Hi Guys,

We've just launched a very handy new feature in your sales activity! You can now very easily import leads and transactions to manage at Undeveloped. All imported leads or transactions will be charged a commission of 5% instead of the standard 9%.

The buyer will receive a confirmation email from us to verify their intent to either negotiate via Undeveloped about the price or set up the entire transaction with you. You can keep track of the unconfirmed leads by clicking on the icon next to the lead importer.

Happy selling!
Reza

bluemeteor said:

Undeveloped should stop leaking buyer information to seller when deal broke. Look at what they've done with them. https://www.namepros.com/threads/non-payer-at-undeveloped-com.1082599/

If those buyers (or potential customers) found out this, or received a not so polite email. It's very likely the they wouldn't come back to undeveloped again. I still like to sell domains through undeveloped.

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Hi,

I get you, however, we don't leak or share any information about the buyer publicly. The original poster of that thread is doing that and we don't support doing that. When an agreement is formed between a buyer and seller, a legally binding agreement is formed between the two parties. So when a buyer is in contractual breach, the seller should receive the details of his/her counterparty so they can potentially follow-up.

I've shared a broader response here: https://www.namepros.com/threads/non-payer-at-undeveloped-com.1082599/

Kind regards,

Reza

Hi All,

Just a quick question. Which information or functions would you like to see in your Dashboard from both a buyer and seller perspective? We're in the process of revamping that section and would love your input early in the development process.

Kind regards,

Reza

talking.domains said:

Sold second domain via Undeveloped in less than 10 days after first one. And I have small portfolio there, about 70 names.
Go Undeveloped!

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Congrats!
Did you use their landing page or park somewhere?
BIN with offer or offer only?
Thanks

Undeveloped said:

Hi All,

Just a quick question. Which information or functions would you like to see in your Dashboard from both a buyer and seller perspective? We're in the process of revamping that section and would love your input early in the development process.

Kind regards,

Reza

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Full traffic statistics including locations, inbound details should include email of buyers. Also daily and weekly tariffic statistics for each domain

ET76 said:

Did you use their landing page or park somewhere?
BIN with offer or offer only?

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Their landers, have set them up less than 2 months ago
I have BIN + Make offer on most domains
First sale I accepted decent initial offer (it was .pro domain).
For second offer I countered once then I accepted buyer's counter offer (could probably get more but didn't want to lose the sale, no many good offers in the past)
But process is super easy, got paid 1 business day after deal

Haykay2005 said:

Full traffic statistics including locations, inbound details should include email of buyers. Also daily and weekly tariffic statistics for each domain

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While internally integrated traffic stats would be a nice and welcome addition, keep in mind that you are able to see all of this info through Google Analytics directly.

Yes, Google Analytics feature is awesome thing, you don't need anything else.

Joshua Harding said:

While internally integrated traffic stats would be a nice and welcome addition, keep in mind that you are able to see all of this info through Google Analytics directly.

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talking.domains said:

Yes, Google Analytics feature is awesome thing, you don't need anything else.

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Google analytics does not clear bots . Yesterday for instance, I got 28 views on one of my names via Google analytics, I checked the name @Undeveloped there was no traffic at all for that particular name.

Using Analytics is indeed tricky to master if someone use it for the first time. You can make filters for bots but it requires experience.
Some important analytics stats would be nice to have on dashboard, I completely agree.

MattDomainNames said:

When making an offer, or counter offer, if you put a comma in there it doesn't recognize it & won't let you post it. It doesn't tell you this is the reason it won't accept your offer. While I figured it out, I could see a potential buyer getting confused or frustrated and just exiting. Is there any way to make it so commas are recognized in the offer section? So it will accept a $5,000 offer whether it's written as "5,000" or "5000". Or at the very least, saying it won't let you post because there's a comma. Hopefully that makes sense.

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Undeveloped said:

Hi Matt,

This makes a lot of sense. We do notify the buyer when they add a comma or dot that they need to enter a valid number but we could explore to see if we can automatically delete the commas. Once problem that might arise then is that buyers try to place an offer of $99,95 for example. So $99 dollars and $0,95 cents. If we automatically erase the comma the offer becomes $9995. So I think that's why our product team didn't implement it that way.

Kind regards,
Reza

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I think that you should not allow entering a comma/dot at all. Similar to what does not allow you to enter letters or a space. Only numbers.
If the buyer is not careful, and does not pay attention to the "Total" line, then his offer, for example $13,000 or $13.000, will be treated as $13
Imagine what happens if you send him a counter offer, for example $5000
He will gladly accept it

This can be done via some simple 'masked input' script to act like this for example - https://fiddle.jshell.net/theandybob/t37m0txu/show/

Also about dashboard thing. I think it would be nice to have something like list of "Top domains with the most returning visitors". I always track which domains have returning visitors as important factor of 'hotness'.