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question Is the domain auction platform "market" so saturated that a new one can't succeed?

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WhoaDomain.com

WhoaDomain.comTop Member
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Hello,
I've toyed with starting my own domain auction platform for years. But with the competition all around I hesitate because the "market" seems to be overly saturated with domain auction platforms.

With all the domain auction platform options, do we really need another one?

Case in point. Whatever happened to Ramped.com?

Why do I want to start one?

Well for one thing I'd like to eliminate the commissions paid to domain auction platforms when I list with them.
And two I feel I can do a better one.

I've been told that it's a lost cause and that no one would join yadda yadda yadda because Godaddy and Namejet and Sedo and even Dropcatch has cornered the market.

Is this really true? I liken this situation to the mousetrap. People are always coming up with better mousestraps so why not domain auction platforms?

I feel many people complain about their experience with many of the big domain auction platforms. Yet these auction platforms I feel don't really change their ways just because of a few complaints because you keep seeing the same complaints over and over again in between days and months or years of no issues.

The issues can often involve the loss of big money.
So they are not exactly tiny issues to be ignored.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Don't do it to save yourself transaction cost on the platforms. There's too many hidden costs in that business and also risks that can lead to more costs, potentially catastrophic cost to your business.

Watch Lamar Jackson videos instead. Or bunnies or cat videos. Be happy. Play video games. Talk to people. Sell on the existing platforms.

I do not want to discourage you, but this how I'm playing it.
 
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What I'm wrapping my brain around is why there is this stigma with a majority of domainers especially the big timers to never buy from fellow domainers?

Is it an ego thing, or perhaps related to low sell through rate? I mean in other forms of trading (Stocks, Sports) it's fine to "leave some money on the table for the next guy", as long as you trade out to profit. Also with Vintage/Antique physical goods if someone else buys it and sells it for more, that is no problem to the original trader as long as they make a profit. Both of these forms of trading have high turnover rates.
 
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