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Undeveloped.com Experience

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Has anyone used undeveloped.com to sell domains? They claim to be able to increase a domainers sales by 54%.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Its taken off while the sale is agreed but if you have no joy getting funds its easy to get it back listed.

Maybe the only way is for them to place a small deposit to remove fake buyers..

I think you either go all out and charge a small fee to weed out all the time wasters or remove the useless binding contract and accept more time wasters but more overall sales and $. For me either option would be better than what it is currently.
 
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I think you either go all out and charge a small fee to weed out all the time wasters or remove the useless binding contract and accept more time wasters but more overall sales and $. For me either option would be better than what it is currently.

Yes very true its just wasting all our time
 
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I see alot of comments about non paying clients and sold status....

I like how Godaddy/Afternic does things...just like any other shop...You go in and you must pay be that thing is considered sold. At worst, there is a set time where payment must be received.
 
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I'm new to Undeveloped....

Do you guys take payments yourself?
whats your cut%?

Is escrow an option etc?
 
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I see alot of comments about non paying clients and sold status....

I like how Godaddy/Afternic does things...just like any other shop...You go in and you must pay be that thing is considered sold. At worst, there is a set time where payment must be received.

u can accept buyr offer or he accept yers on gd auctions..and its considered sold...then he can take 30 days to pay...or never pay..same as undev
 
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I think you either go all out and charge a small fee to weed out all the time wasters or remove the useless binding contract and accept more time wasters but more overall sales and $. For me either option would be better than what it is currently.

well domainagents charges like 20$ just ao u can makeoffr ... this can lose many leads too
 
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well domainagents charges like 20$ just ao u can makeoffr ... this can lose many leads too

Yes but either do that and get rid of the time wasters or open the flood gates and remove the binding contract which is a waste of time anyway and be more like uniregistry knowing tons of time wasters but you'll get good sales overall. As it is now just beyond irritating.
 
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u mean u never had a buyer who did not pay? on how many sales roughly? cause 100% pay ratio is almost impossibke...on any market...but i do agree it seems to happen more on undev...vs say sedo or gd
Sold just 2 names since I joined Undev in April ($1.5k + $2.5k), other were lower offers. And yes, if the buyer has agreed on price payment went thru immediatly. But my portfolio is very small sample so 100% pay ratio is possible here :).
I agree fake purchases would let me down and that issue needs some attention.
 
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well domainagents charges like 20$ just ao u can makeoffr ... this can lose many leads too
One last question: Should I used my real name on the domain name landing pages or a business Alias..?
 
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Its taken off while the sale is agreed but if you have no joy getting funds its easy to get it back listed.

Maybe the only way is for them to place a small deposit to remove fake buyers..

I have suggested this many times, over many years, at many platforms - not just at undeveloped. But I've heard arguments against asking for a deposit, some of those are logical and good arguments too. I dont know what the answer is. The world is full of dishonest people and many of them will a big surprise. I had a CEO of a very large European corporation offer me $10K for a two word dot com about 8 years ago. I agreed, sent him the escrow.com link - he never opened it, never replied to my emails, not even when I asked him to just say "no thanks, no longer interested". I checked, he didnt die either. :) I did have that happen to me once...

And most recently with Undeveloped, I had a $5000 offer from the COO of a large IT consulting firm in NYC which I accepted and then he went cold for weeks. Eventually Undeveloped got a hold of him and he told them that "his assistant was supposed to make the offer $500 and added an extra 0". But it took weeks of calls and emails from Undeveloped to get him to say that? So I declined. A few weeks later a CIO at the same company made me an offer for $800 and said he needed it for a project but didnt have a lot of funds. I didnt know he was the CIO until after I declined the offer and some weeks later began to really look into the name and IP address location and linked that guy to being the CIO of the same firm but with a somewhat different name, throwaway email, etc.

So bottom line is, people will do anything to try to shave down the price. They'll also make offers and never reply. I've been doing this for 18 years and I've been cursed at, threatened, you name it. But I've also sold a lot of domains too - so its worth the trouble. I just wish there was an answer that was easy to implement for all parties. There doesnt seem like there is though.
 
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One last question: Should I used my real name on the domain name landing pages or a business Alias..?

Used to use my real name many years ago until I had a buyer start cursing at me and threatening me which led me to change my name to an alias. He was located close enough to me, in terms of this large planet we live on, to make me worry.. But that is my experience, you decide what is best for you.
 
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but sales can fail on any platform.. gd.. afternic.. undev.. I think we all had unpaid sales everywhere.. not just undev.

maybe it jut means buyers weren't serious to begin with. in which case if you start charging them upfront a deposit, they'll just never go through with it.

so instead of wasting potential leads.. and charging deposits.. I think its best to leave things as they are.. especially now that undev impleneted ability for seller cancel sale via panel any time he wants..

if ever undev starts charging people to make offer like domainagents, then that'd be the day I leave them.. however, if they want to make this option for some peoople .. and just add option to settings saying "charge buyer [amount] to make offer"... then why not.. they can even let sellers set amounts I guess.. I think its kinda fixed on domain agents..

since its not possible ot please all people.. its best to add options to settings for this stuff..

and in meantime, we can all just move our "sold" undev names to another lander.. bodis or whatnot.. so leads keep coming in if undev fails... of course. makeoffer only. ;)
 
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Give us the option to charge a non-refundable fee to avoid the time wasting, fake offers. I keep half and UD keeps half. I too have received more thru UD than anywhere else. This locks my name up for weeks while it shows a sold page with other peoples domains below all the while I am losing other potential offers.
 
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Give us the option to charge a non-refundable fee to avoid the time wasting, fake offers. I keep half and UD keeps half. I too have received more thru UD than anywhere else. This locks my name up for weeks while it shows a sold page with other peoples domains below all the while I am losing other potential offers.

For me things have been getting worse in the last week or so, before that wasn't having this issue at UD much. Not sure what's changed but maybe connected to me doing make offer only there. Perhaps people are looking at 2/3 other names not thinking it's legally binding? Not sure but for me at least i'm now at the point I expect names not to close which is very bad.
 
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but sales can fail on any platform.. gd.. afternic.. undev.. I think we all had unpaid sales everywhere.. not just undev.

maybe it jut means buyers weren't serious to begin with. in which case if you start charging them upfront a deposit, they'll just never go through with it.

so instead of wasting potential leads.. and charging deposits.. I think its best to leave things as they are.. especially now that undev impleneted ability for seller cancel sale via panel any time he wants..

if ever undev starts charging people to make offer like domainagents, then that'd be the day I leave them.. however, if they want to make this option for some peoople .. and just add option to settings saying "charge buyer [amount] to make offer"... then why not.. they can even let sellers set amounts I guess.. I think its kinda fixed on domain agents..

since its not possible ot please all people.. its best to add options to settings for this stuff..

and in meantime, we can all just move our "sold" undev names to another lander.. bodis or whatnot.. so leads keep coming in if undev fails... of course. makeoffer only. ;)

I agree its nice to have the ability to cancel the sale whenever we want BUT how long do we wait? I've had sales that have taken hours and I've had sales that take the buyer a month to get back and start payment proceedings. Tough decision as to when to cancel that sale though. True, could move the domain to another platform taking inquiries during the wait time to cover one self.
 
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I agree its nice to have the ability to cancel the sale whenever we want BUT how long do we wait? I've had sales that have taken hours and I've had sales that take the buyer a month to get back and start payment proceedings. Tough decision as to when to cancel that sale though. True, could move the domain to another platform taking inquiries during the wait time to cover one self.

The other problem is that the name is not put right back on sale, I had to wait about 5 days for my last incoming fake offer to be sorted and name re-listed AFTER the sale was deemed fake and canceled. That's too long for me tbh.
 
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I agree its nice to have the ability to cancel the sale whenever we want BUT how long do we wait? I've had sales that have taken hours and I've had sales that take the buyer a month to get back and start payment proceedings. Tough decision as to when to cancel that sale though. True, could move the domain to another platform taking inquiries during the wait time to cover one self.

yeah.. I realized long while ago a lot of undev (or other platoforms.. this is not undev specific issue) sales never get paid.. so first thing I do when I make a sale anywhere is move to another lander.. no bin of course.. and often just bodis inquiry.. this allows me to get potential leads of intereat from other people.. in case a sale fails.

as for how long to wait before you cancel.. well.. that's the million dolar question isn't it.. u wait as long as you feel comfortable.

this is why few msgs up I asked @Undeveloped to implement a simple link loike sedo has that shows when buyer joined undev.. their sales acvitity measure bar... and country.

I find this helpful on sedo before I accept offer.. or when negotiating. its no guarantee of anything.. but I'll be sure to cancel a sale from a guy who joined in 2018 and has no sales.. then from a member from 2010 with buying actviity etc..

cheers
 
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I did the same thing on my last offer that didn't materialize @alcy - changed NS to another place and left it with MAKE OFFER only and will not change back. Epik is about the same in fees so will probably start using that MP on as many names as I can (plus they can hold my payouts for renewals and I can cash out the rest whenever I want.)
 
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On another note, has anyone read anything or been told anything about the new rental option?
 
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On another note, has anyone read anything or been told anything about the new rental option?

its already there.. as per few posts back.

unless you are refering to news about how bin prices or installement options seem not showing up.. once you have leasing on. I hope this is fixed soon.. cause both instalment options and bins and makeoffers should show too.. when leasing is on.
 
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its already there.. as per few posts back.

unless you are refering to news about how bin prices or installement options seem not showing up.. once you have leasing on. I hope this is fixed soon.. cause both instalment options and bins and makeoffers should show too.. when leasing is on.

Yes, the latter.. I would like to see rental, lease, and BIN all on the same page or at least be given the option of which to display.. Would like to get @Undeveloped to provide some guidance...
 
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I like how Godaddy/Afternic does things...just like any other shop...You go in and you must pay be that thing is considered sold.
And how does that differ? I have two sales hanging now, from the same day 8 days ago, one on Undev another on GD, bot still not paid... What's your point?
 
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Totally support an idea voiced already by many - hitting BIN or reaching offer/counter agreement demands immediate like 10% non-refundable deposit. Which has to be paid in like 30 minutes, or in the case of the seller accepts an offer - 24 hours, assuming the buyer might be offline this exact time... Maybe 5% will work as well.
charging people to make offer
No no. Not to make offer, but to hit BIN, or just after the seller accepts the offer.
 
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@Undeveloped

I have suggestion, why dont you email customers about new hot domains?
this will increase your sales for sure. Brandbucket do something similar where they send weekly email about latest added domains.

But you need to collect emails of potential customers, you can collect emails from past domain offers through your market place (but you have to put check box for newsletter opt-in).

Hi Ostrados,

Thank you for the feedback! Appreciate it and noted.

is an undeveloped listing exclusive,like bb?

Hi CaboTower,

We aren't. Anyone can join Undeveloped and sell domains.

So far what I have observed from the reported sales on NP, only $XXX sales happens via undeveloped. Have not seen any big sale coming from there. Anyone else also feeling the same?

Hi Surender,

If we started publishing our sales, we'd be represented in the daily top 10 every day in terms of transaction value.

Often sellers that sell domains above $5k just don't want to share their sales so you'll only see the lower ones being reported.

I just noticed a Rental option, with a little "R" in the portfolio listing grid. Its a sortable element too. I set up one of my names "for rent" and set it to the price I'd want to rent it for. I also have a BIN (and lease) set for that domain. When I visit the name it only shows the monthly rental price that I set but not a BIN nor any indication that I'd be willing to sell it and "click here to see the price" anywhere. I'd think that would be good to see as well.

Hi AGAME,

We've rolled out domain rentals to only 20% of our user base as the feature is still in its early beta phase. The feature will be improved in the coming weeks.

One of the additions will be the option to set a purchase price while renting the name so your buyer at all time has the option to buy the domain if they wish to.

is there a way to builk edit the installment option ?

Hi Ecomslice,

In your settings, you can bulk enable and disable the option for all your domains.

There is no category on @namebio for Undeveloped.com reported sales. Any plans to add that?

But there are Undeveloped.com sales reported on DNJournal, supplied by Undeveloped.com, for example:
http://www.dnjournal.com/archive/domainsales/2018/20180124.htm


As I recall, I read somewhere on Undeveloped.com that sales are not published - can anyone find that exact text? Because it wasn't clear if that is a policy and whether that means sellers or buyers should not publish sales. When Undeveloped.com publish sales, as above, do they seek consent of buyer and seller?

Undeveloped's Privacy Policy may apply:
https://undeveloped.com/legal/privacy-policy


By comparison, as I recall on Sedo all sales by default are public unless you tell them to not publish your sales (there used to be an account wide setting where you could tell them not to publish all sales, I think now you have to contact them to request that, but it may have changed.)

Hi Carob,

I personally want to share all sales but the last time we did it at DNJournal we got so many negative responses from sellers that we stopped doing it. In the future, we'll make it an opt-in to share your sales so we could start publishing sales from sellers that give us their approval to share their sales.

However, the problem here is that it might look as if we don't sell many names simply because not all sellers, in that case, will publish their sales. So that could turn into negative advertising for the company.

In terms of sales volume we're now selling significantly more than Namejet and are getting close to sell as much as Uniregistry does.

Kind regards,
Reza
 
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