Which marketplace is the best?

topdom said:

For one domain we agreed on a price in 5k-10k range which was fair. But buyer didn't pay, and I didn't cancel the transaction and waited for weeks, maybe months. And eventually buyer paid.

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Was that on Sedo or somewhere else?

yes it was on sedo..

I had a similar case where I made a small negotiation sale in high $XXX and the guy stiffed me.

So I proceeded to jack the bin to 4-figures in case he wanted to try again, and a month later the BIN was hit (it turns out it was a company) who then apologized for the first guy (who was no longer working for them), and it all progressed smoothly.

The one I'm involved in now is a 4-figure negotiation with 9 days into the 10 - the big warning sign for me was this buyer was brand new, registered in November - like eBay, watch out for the newbies.

And what sucks about this one is that I recently made 2 other sales that cover my domain expenses for a long time and I was planning on spending this sale on a monster OLED.

Serious buyers would be first time buyers. Established users would be domainers. But some endusers are not even willing to pay as much as domainers do.
I think a big problem is middleman problem. I can't prove it, but I believe it is real. It prevents sales, or buyers pay 10 percent or less of actual sale price. BIN price may theoretically prevent such a possibility, because the boss would have access to the same data, but middlemen can take the risk if there is big money.
or It can happen like this: Someone searches for a domain, and the registrar says it is not available but we can try to get it for you if you pay 200+sale price+ commission. Buyer pays 200 upfront. Then the registrar place a low bid on the domain, like 100. If price is accepted then there is a guaranteed profit of 100 usd. Plus whatever a fictional price can be invented within buyer's budget. Buy now, may also have a similar problem.

Oh I know all about the broker's arbitrage game, but believe me, I only use the "BIN solution" on lower-end to mid-range domains and I price them at a point where I would be satisfied with the profit - if someone can eke out some $$$ for themselves and get me a sale, more power to them.

But obviously don't use this strategy with high-end domains, as only through negotiation can you even determine a fair value.

topdom said:

Sedo says don't buy in many way: Says don't buy new tld because renewal can be expensive, beware that seller's bank is in that country, buy .com instead, search for a cheaper domain, ..and offer page is hard to locate, and full of junk distracting content.

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And their search algorithm is soooo biased it's not funny - you can search for an exact-match name that you know is on there, and unless it's .COM, good luck finding it amid the nonsensical keyword combo that Sedo produces. Even when you click all the appropriate boxes (which don't stay resident) it still forces domains that Sedo thinks you should buy.

If I'm looking for a specific name (like HELLO), and it's exact-match is available in .CO or .ORG or .NET, then SHOW IT TO ME RIGHT AT THE TOP, and let me make the decision. Don't purposely hide it and bury my results in a mass of HELLO+CRAP.COM combos that I obviously have no interest in.

Sedo at BIN for me, undeveloped being second, I just listed about 100 names on Afternic , I haven’t had any luck with them in the past, maybe this time around I will.

I just had luck with Afternic lol

Joe Styler said:

Or say a tld GoDaddy does not sell currently won't show up on GoDaddy

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Hi @Joe Styler ..

When searching for a domain in extensions other than GoDaddy supported...the answer is shown as "unavailable" which doesn't convey that that particular extension is not sold on GoDaddy... instead it can be confused with the name "taken" and it sure does that to someone new to domains..

Don't you think it needs to be changed...?!

gilescoley said:

Why not add them to all or most of them.

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@gilescoley @indiegrind

Correct me if I am wrong..
You are suggesting to list them all in all major marketplaces with "make offer" and use some landing page (efty/undeveloped)
And we need to all domains directing to their name servers...right?!

In this case we can not get benefits of Afternic DLS fast transfer or Sedo MLS listing options...
Or is there a way to do that ?!

Thanks

vravis9 said:

@gilescoley @indiegrind

Correct me if I am wrong..
You are suggesting to list them all in all major marketplaces with "make offer" and use some landing page (efty/undeveloped)
And we need to all domains directing to their name servers...right?!

In this case we can not get benefits of Afternic DLS fast transfer or Sedo MLS listing options...
Or is there a way to do that ?!

Thanks

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You dont have to use an efty or undeveloped lander, you can use the standard sedo make offer page if you want

I dont use sedo mls or afternic dls

gilescoley said:

You dont have to use an efty or undeveloped lander, you can use the standard sedo make offer page if you want

I dont use sedo mls or afternic dls

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Thanks...

If we want to utilize Sedo and Afternic marketplaces (to get exposure on their partner sites) don't we have to redirect to their nameservers...?

dnpric.es for results This all depends on your keyword. If a broker is having luck with a keyword they will be buying up before they broadcast their wealth so keep watching your keywords and sales the only problem with this is it is well after settlement when you find out so you need to find the pattern of what is selling as it is happening not jumping on bandwagon late.

.X. said:

I just had luck with Afternic lol

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Awesome and congrats.

vravis9 said:

Hi @Joe Styler ..

When searching for a domain in extensions other than GoDaddy supported...the answer is shown as "unavailable" which doesn't convey that that particular extension is not sold on GoDaddy... instead it can be confused with the name "taken" and it sure does that to someone new to domains..

Don't you think it needs to be changed...?!

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I don't think we would change it. It is unavailable for sale by us.

Joe Styler said:

I don't think we would change it. It is unavailable for sale by us.

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If you put in that way it dousou correct...

But only "unavailable" is little confusing...

My feedback.

Thanks

Even though the interface sucks afternic is definitely the best marketplace to make sales imo.

I would consider undeveloped to be a landing page service and not a marketplace I highly doubt people are filtering looking for names there.

Great Poll!
As a seller I really like Afternic, Undeveloped, Sedo, Namejet, Godaddy in that order. As a buyer I like Godaddy, Namejet, Dynadot, Dropcatch, Namesilo. Each one is solid and has its pros and cons - It really depends on your market and your price range $ as to which one is "best".

I would recommend the top one to our clients who are looking to sell their domains just in case.

I use Sedo, Afternic/GoDaddy.
Never tried any others.
I average about 12-15 sales per year --- high 4 to high 5 figure range
Mostly .com. Some .me
I get contacted by brokers about 2-3 times per year, usually when the buyer wants absolute anonymity during the negotiation
No 7 figure sales, as I don't own any high premium domains like super.com, cover.com, ring.com, etc

Sedo used to be huge and really good, but it’s like they havn’t kepp up with the times. They finally made their website mobile friendy (responsive) some years ago, but apart from that, not much.

I really like Undeveloped with their really plain and super user-friendly layout, great landing pages and a ”more reasonable” commission rate.

Still, I agree that Afternic is the platform where you are most likely to generate a sale.

op @topdom is forgetting the most important marketplace of all.... your ownED landers. A place where you have the ultimate control and only you are in charge. You decide payment terms, you decide policy and you never pay commission.

As mentioned before, you can still list at godaddy auction, sedo etc but I think ultimately the domain itself should be pointed at your own lander. Why pay unnecessary commissions by pointing to someone else's marketplace when you can reap the full benefit for any type in traffic.

Use all the tools available, go with what works for you but make sure the domain points to a marketplace or lander that you own. Some of the services mentioned by the OP like Efty do meet that criteria but you still have to rely on their uptime and whatever payment policies or things are in place. They are a perfect tool for someone wanting quick landers but one should still take advantage of the other marketplaces.

There is no single answer to the OP's post, it is probably a combination of these marketplaces that will yield the best results.