discuss What do you do with your expiring soon names to recover some of their costs?

I was going to try NameLiquidate but then they lowered the minimum price from $9 to $1. Too big a risk and I’m not in the business of giving names away.

I think DAN or NamePros are good places to try to liquidate as there are alot of buyers looking for a deal. I also agree about selling at NameCheap,etc on the registrar level if you get to pick a reasonable price to recover your costs.

DanSanchez said:

Clearly not everyone can afford to just let capital vanish into thin air because you make so much money that you can't be bothered to copy-paste a few domains into a form. It is lazy to surrender capital you could extract with a bit of work. Nobody is saying YOU are lazy for not doing it, just a lazy approach to eliminating a cost. Many large enterprises use liquidation of returned merchandize in a similar way, they just stick returns into a big box and auction it off for others to profit.

The project is 30 days old, I think we are doing fine so far while we add more features to get to critical usage. The idea is to avoid end-user mixing with your retail operations, that has been abundantly clear to those who took the time to read a few of mu posts from the official thread.

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It is lazy to promote a project without clearly outlining how it adds value.

What is the average $ earned per listed name for the owners? Why don't you start from that?

If in average you are earning 10 cents per name and someone has to spend 3 minutes of his time copy pasting it and then do all motions to push the name into someone's account, that is $2/hour of time spent. Anyone is better off flipping burgers at McD than flipping names with you.

And I gave your website 10 minutes of honest research and did not find much worthy of attention (to be expected for liquidation names probably). And, of course, it is completely confusing that people are talking on the thread about reverse auctions and there I see "buy it now" listings some as high as $1000. Some liquidation there!

Is this a promotional thread for Name Liquidate ? I only see 384 names listed there. Is it just a few people here pushing this service ?

NYJimbo said:

Is this a promotional thread for Name Liquidate ? I only see 384 names listed there. Is it just a few people here pushing this service ?

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well no.. its a thread I made about expiring names and getting back some money. or feeling better cause you dont just watch them all die for nothing

its normal for owners of nameliquidate to want to promote it... i don't mind it... but we should not overdo it cause then the good folks here like yuo get annoyed and then thats a bad thing.

Recons.Com said:

It is lazy to promote a project without clearly outlining how it adds value.

What is the average $ earned per listed name for the owners? Why don't you start from that?

If in average you are earning 10 cents per name and someone has to spend 3 minutes of his time copy pasting it and then do all motions to push the name into someone's account, that is $2/hour of time spent. Anyone is better off flipping burgers at McD than flipping names with you.

And I gave your website 10 minutes of honest research and did not find much worthy of attention (to be expected for liquidation names probably). And, of course, it is completely confusing that people are talking on the thread about reverse auctions and there I see "buy it now" listings some as high as $1000. Some liquidation there!

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There are hours of discussion and narrowing down the idea to deploy in less than 30 days on the thread below. I linked it once before, you must have missed it in your haste to comment about how much money you make...

The site handles the transfers and pushes for you. Its a reverse auction from 998 to 1. Will be changing the minimums to $6 soon, as I do agree the $1 minimum is mostly unproductive to attract sellers.

https://www.namepros.com/threads/do...m-seeking-input-for-new-epik-project.1166450/


Meanwhile your site sits populated with 12 domains...? Look inward!

DanSanchez said:

There are hours of discussion and narrowing down the idea to deploy in less than 30 days on the thread below. I linked it once before, you must have missed it in your haste to comment about how much money you make...

The site handles the transfers and pushes for you. Its a reverse auction from 998 to 1. Will be changing the minimums to $6 soon, as I do agree the $1 minimum is mostly unproductive to attract sellers.

https://www.namepros.com/threads/do...m-seeking-input-for-new-epik-project.1166450/


Meanwhile your site sits populated with 12 domains...? Look inward!

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Somehow, Epik staff is the most aggressive group on the forum.

1. Yes, my site is 17 domains populated. The whole site could be for one name only and still shouldn't concern you

2. No, I am not providing a platform to a third party.

3. People can buy those 17 names or wait until their name is listed. There are 4200+ waiting in the queue.

4. My yet to be launched project gets more visitors than your already launched and offering miracle to listers project.

Any more stabs you want to take on your potential clients?

NYJimbo said:

Is this a promotional thread for Name Liquidate ? I only see 384 names listed there. Is it just a few people here pushing this service ?

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not me.

Recons.Com said:

Somehow, Epik staff is the most aggressive group on the forum.

1. Yes, my site is 17 domains populated.

2. No, I am not providing a platform to a third party.

3. People can buy those 17 names or wait until their name is listed. There are 4200+ waiting in the queue.

4. My yet to be launched project gets more visitors than your already launched and offering miracle to listers project.

Any more stabs you want to take on your potential clients?

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Somehow? I'm an avid defender of value. The project you are unconstructively critiquing has been a raw build, from a $9 registration to deployment. You can't take the heat? Stick to the threads where they serve marshmallows. Plenty of them where you can impress newbies with a great name like RightBrand, which should be more popular than a $9 domain for a narrow segment of a narrow segment of the domain market.

You could have listed 10 more domains in the time you spent typing all the non-issues you have for being so rich.

NameLiquidate has helped more people than I expected so far, it will slowly become a dominant force to combat monopolies, and hopefully continue adding value to individuals.

I quoted the thread hoping you would read it, however unlikely.

DanSanchez said:

Somehow? I'm an avid defender of value. The project you are unconstructively critiquing has been a raw build, from a $9 registration to deployment. You can't take the heat? Stick to the threads where they serve marshmallows. Plenty of them where you can impress newbies with a great name like RightBrand, which should be more popular than a $9 domain for a narrow segment of a narrow segment of the domain market.

You could have listed 10 more domains in the time you spent typing all the non-issues you have for being so rich.

NameLiquidate has helped more people than I expected so far, it will slowly become a dominant force to combat monopolies, and hopefully continue adding value to individuals.

I quoted the thread hoping you would read it, however unlikely.

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Your master has taught you well how to a) hijack threads to promote your projects b) deviate from the topic to attack anyone who raises concerns, often on personal level) c) make lofty claims with zero facts and numbers to support it.

Based on your traffic and the selection there, you couldn't have generated more than peanuts. And what does nonsense like helped more people than I expected even mean? You expected that you would earn zero people zero bucks and now patting yourself in the back because you earned one person one dollar?

DanSanchez said:

NameLiquidate has helped more people than I expected so far, it will slowly become a dominant force to combat monopolies, and hopefully continue adding value to individuals.

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I think it's a nice project but unless you gain a lot of momentum it'll be hard to eventually succeed at a level that would make you a dominant force.

Don't want to derail to much but as of yet the platform, in my opinion, only serves buyers as there's not much competition. You'll find decent names occasionally without the struggle of competing against bots, big players or whatever. That being said, there's not that much of inventory either.

The way I see it it brings in more registrations, and transfers to Epik, which Ultimately will make you money on either renewals, sales commission or % earned on what you eventually send to other auction platforms after domains expire.

It's a nice experiment though. Worth to explore and wish you nothing but best luck.

Now, in regards to original post by OP. I'm still waiting for a registrar that will automatically send me a % of sales made on any domain I let expire and gets sold at auction. Imagine GoDaddy paying you 10 or maybe 20% of whatever your domains sell for on an expired auction. Now that would be a major game changer. I would definitely feel more comfortable about letting some domains go when my registrar offers me this feature. Maybe they could charge a yearly subscription to have this enabled... Dreaming is fun

Recons.Com said:

Your master has taught you well how to a) hijack threads to promote your projects b) deviate from the topic to attack anyone who raises concerns, often on personal level) c) make lofty claims with zero facts and numbers to support it.

Based on your traffic and the selection there, you couldn't have generated more than peanuts. And what does nonsense like helped more people than I expected even mean? You expected that you would earn zero people zero bucks and now patting yourself in the back because you earned one person one dollar?

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My master? You have some dubious perceptive abilities. Perhaps some men don't like to sit down when trolls come out with their torches? I do see a pattern there between Rob and I. To claim he controls me by economic incentives, again, shows lack of perspective. I did $70k in sales from my own portfolio this month.

As much as I enjoy battling trolls, there is very little substance behind your attacks. I simply pointed out you have a flawed perspective of value. You may not see if worthwhile to get $100 back from a few domains, but some people do.

This is not a project to make money for Epik. We charge a 9% commission! Its laughable how shallow and purposely misinterpreting you are.

We are 30 days into this, I will post results after the first quarter for numbers on how many sellers and buyers we had.

You are not the type of client we want to work with, let's be clear there. I'm not worried about offending or triggering the trolls who can't take a minute to read a thread. You seem to suffer from a complex of superiority while simultaneously being unable to hear actual feedback on your own site.

I suggest you read the thread I shared if you need context on the overall idea and drive behind the project. Later!

This place has turned in one giant commercial for Epik.

I like the trajectory of NameLiquidate. It is early days but the pieces are rapidly falling into place.

For calibration, this was an idea that @DanSanchez proposed in a Monday staff meeting on December 2, 2019, and which I handed to engineering later that week with the challenge to have it ready by Christmas.

Fast forward to Christmas, and indeed they got it done. We have since seem some refinement around various aspects of the marketplace.

For example, proxy bidding will go live on Monday (tomorrow). I think we'll also set the minimum reserve to $9 rather than $1 so that we don't waste people's time, and don't feed the bottom-feeders too much.

The goal is to make this a win-win. One man's trash is another man's treasure. Sometimes you have to apply some vision.

Fore example, see here:



What do I see? I see names like Relationship.com with out the "I". Anyone with experience with relationships knows that you sometimes have to take the "I" out for it to work, i.e. to be a bit selfless.

So, the branding of that name could work really well -- Relationship without the second "I". A name like that might sell for $9 in a NameLiquidate auction, but if you make a logo like this it might become intuitive to an audience:

RELATIONSH_P

Speaking more conventionally, I see in today's countdown:

BookSynopsis.com
InventorBootcamp.com

There is lots to like.

And if your alternative is to let your domains lapse, not much for the seller to lose and lot more for the buyer to gain.

What I also see is this -- when someone is liquidating domains, smart buyers will then buy a domain and
then ask the seller what else he is liquidating. It is a lead-generator for motivated sellers who might otherwise go unnoticed because they were quietly abandoning ship on Godaddy.

Anyway, it works, and I like where this is headed. I am not aware of a competing initiative that is further along in filling this obvious market gap. And now we are beginning to put some marketing horsepower, including many banner campaigns, a Monday mailing to 110,000 domainers and visiblity at NamesCon.

I am debating whether to release the sales info to NameBio. Not sure how buyers and sellers feel about it but it is low hanging fruit for visibility. Michael Sumner and I have been discussing some closer cooperation in the interest of supporting his price discovery efforts.

If folks have more ideas, please share. In the meantime, I appreciate @DanSanchez and his efforts to lift some more folks up through some clever innovation that builds on his extensive industry knowledge. I think he is going to make a difference in a lot of folks lives in 2020 and beyond.

uglydork said:

This place has turned in one giant commercial for Epik.

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I agree. Their payed for banner is on every first post.

@Recons.Com @DanSanchez

You both made your points. You'll never become besties. Let's get over it and continue to discuss anything besides NL as I think this option has been discussed enough to leave OP with enough info.

Recons.Com said:

For someone as foul mouthed and ill mannered as you are, you have incredibly thin skin.

Oh, and you are clueless in domains or brands or very cheap, if you chose that name for a commercial project.

Name Liquidate makes zero sense in English.

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For the record, I have never heard @DanSanchez swear. I think he is letting you annoy him, which I will encourage him not to do. To be fair, his wife just had a baby last week and he is no doubt operating on low sleep. So be kind to the new Daddy. He is making it happen, and it is true he closed $70K+ in sales for his own portfolio last week -- all through Epik escrow.

I think the idea of a down auction is good for liquidating, and it will be interesting to see if competitors pick it up as well. It has the advantage that the system is immune to gaming of some type to inflate bidding, which may be rare but is at least a concern in people's minds in conventional auctions. Other registrars that have marketplaces could fairly readily develop a similar model to NL if they so wished.

I have a question, well two, if you have time @DanSanchez (and I hope you are getting at least a little bit off sleep these days!). So it runs for 168 hours. Does that mean that the ideal time to place a domain there is a bit more than 168 hours prior to expiration?

While most are .com, I see there are as well as .net and .org and the most common country codes a few new gTLDs. So any TLD that Epik handles as registrar for can be added to NL?

Thank you,

Bob

Rob Monster said:

For the record, I have never heard @DanSanchez swear. I think he is letting you annoy him, which I will encourage him not to do. To be fair, his wife just had a baby last week and he is no doubt operating on low sleep. So be kind to the new Daddy. He is making it happen, and it is true he closed $70K+ in sales for his own portfolio last week -- all through Epik escrow.

Show attachment 142831

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@DanSanchez

What are you doing hanging around at NP for! Spend some time with the family, forget about everything else! These are some precious times. Cherish it with all your hart!

Congrats and do not despair, eventually that little bugger will let you sleep for more than a couple of hours in a row

There are some folks wondering about whether or not you can pull a domain from NameLiquidate.com once it is submitted. You actually can do it right from your Epik control panel:



So, if you submit a domain and don't like the price action on your domain, you can pull the listing. As time goes on repeat submits will have restrictions on them to keep the inventory fresh.

While there is some debate about whether this ability is a good thing, we see it as a check and balance against bottom feeding.

However, for most folks who submit listings for liquidation, we are talking about domains in the expiry stream where they are about to get NOTHING and now instead quite often get something.

As time goes on, with more competition on the buy side, I expect the average price but in the meantime, this solutions keeps the domains in the hands of domainers and that is a good thing.

Bob Hawkes said:

I think the idea of a down auction is good for liquidating, and it will be interesting to see if competitors pick it up as well. It has the advantage that the system is immune to gaming of some type to inflate bidding, which may be rare but is at least a concern in people's minds in conventional auctions. Other registrars that have marketplaces could fairly readily develop a similar model to NL if they so wished.

I have a question, well two, if you have time @DanSanchez (and I hope you are getting at least a little bit off sleep these days!). So it runs for 168 hours. Does that mean that the ideal time to place a domain there is a bit more than 168 hours prior to expiration?

While most are .com, I see there are as well as .net and .org and the most common country codes a few new gTLDs. So any TLD that Epik handles as registrar for can be added to NL?

Thank you,

Bob

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Thanks Bob, I think you are spot on about the avoidance of fraud that plagues the traditional auction styles. The upside for other expired auction houses is too big, however easy it may be, the competition from NameLiquidate is still not there for them to pivot into imitation. Not YET.

No sleep for me, but it's only the second week since my daughter Delilah Grace was born =D

1. The ideal time for your expired domains to run is as soon as they expire, given we are dealing with so many different registrars and different grace periods. But if you happen to have some 20 day past expiration at Godaddy, for example, you need to run them tonight to avoid losing them to their own expired auctions. The issue is that we may see a shift in their operations to evade our auction, should they notice a significant loss of inventory to pre-expired auctions.

2. Yes, the TLD can be any that we handle. The buying public does prefer .com, however we had a few registrations that went after a .world yesterday to my surprise.

NameDeck said:

@DanSanchez

What are you doing hanging around at NP for! Spend some time with the family, forget about everything else! These are some precious times. Cherish it with all your hart!

Congrats and do not despair, eventually that little bugger will let you sleep for more than a couple of hours in a row

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Thank you, I am cherishing every second of my waking hours. It has been a blessing to be in this industry and to have such a talented group of people to pick up my slack when the baby came into the world. I thought, "no worries, I'll handle my work load regardless" and then 27 hours awake, I couldn't even see my phone screen without double checking my eyesight. Rob told me a few times to chill, my spelling was atrocious. It was like my body was declining to work with my brain. I'm still not 100% yet. She is starting to sleep better, 3 hours is her new record last night. Props to the women of this world though, without them we would all be starving and without clothing.

@DanSanchez @Rob Monster

So to clarify

if I have expiring name at Godaddy
I add domain to my Epik dashboard after unlocking domain name at Godaddy and retrieving auth code
Go to epik dashboard select marketplace tab and click on add to name liquidate and include auth code
if the name sells on NL am I required to pay a transfer cost or is this paid by buyer

Thanks

Domaindogged said:

@DanSanchez @Rob Monster

So to clarify

if I have expiring name at Godaddy
I add domain to my Epik dashboard after unlocking domain name at Godaddy and retrieving auth code
Go to epik dashboard select marketplace tab and click on add to name liquidate and include auth code
if the name sells on NL am I required to pay a transfer cost or is this paid by buyer

Thanks

Click to expand...

Go here:

https://nameliquidate.com/

Click Add Domains on upper right:



You submit domains with auth codes.

You get 91% of the auction proceeds. We would pay out 100% but we have to cover payment processing and fraud risk so 9% is skinny.

The buyer pays the transfer fee. If the domain is on Epik, and not expired, no more fees. So, that's another reason to keep domains at Epik.

DanSanchez said:

.....if you happen to have some 20 day past expiration at Godaddy, for example, you need to run them tonight to avoid losing them to their own expired auctions.......

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Hi Dan, Very nice work by you and Rob and a brilliant idea is liquidate domains and congrats on the new baby girl..

P.S. I added GD names but your system gave error message in red saying some were more than 10 days past renewal date so did not accept them?

Rob Monster said:

Go here:

https://nameliquidate.com/

Click Add Domains on upper right:

Show attachment 142839

You submit domains with auth codes.

You get 91% of the auction proceeds. We would pay out 100% but we have to cover payment processing and fraud risk so 9% is skinny.

The buyer pays the transfer fee. If the domain is on Epik, and not expired, no more fees. So, that's another reason to keep domains at Epik.

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@Rob Monster Thanks Rob One quick follow up Talk of the minimum sold price being set to $6 at the end of the 7 day auction, when is that being implemented The system is sounding more viable, for me, by the minute

namemarket said:

Hi Dan, Very nice work by you and Rob and a brilliant idea is liquidate domains and congrats on the new baby girl..

P.S. I added GD names but your system gave error message in red saying some were more than 10 days past renewal date so did not accept them?

Click to expand...

Right, do it a bit sooner because lately Godaddy is enforcing the 5 day transfer lock without a way to expedite so that gets into the red zone. They know what they are doing there. Bob Mountain is no dummy.