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Alter.com Marketplace

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Deven Patel

Founder, Alter.comEstablished Member
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1,075
Hi all,

I wanted to introduce a new premium domain marketplace we just launched called Alter. I would love to hear your thoughts! As the world’s largest community of domainers, your feedback would be invaluable.

Let me introduce myself. Although I’m new to NamePros, I’ve been around the block. I’ve been buying and selling domains for my own startup ideas for over 20 years. As a serial entrepreneur, I founded a number of startups across various industries like marketing, web hosting, social networking, blogging, and SaaS. This experience has helped me understand how indispensable a brand name is to a business.

Most new entrepreneurs don’t think twice about their company name. Our goal is to change that! A brand name literally has the power to make or break their business. This is more true today than ever before now that there are countless alternatives to every product or service imaginable. Sure, every business may have their own world-changing differentiator but from the outside they all look the same at which point the main differentiator ends up becoming their brand name. In a world full of distractions, we no longer have the attention span to thoroughly research what we buy so we rely on our emotions. This is why large businesses like Apple and Amazon spend billions on their “brand” alone because they understand that customer perception is everything.

Anyway, I noticed that most marketplaces that exist today are focused more on the seller rather than the buyer. Our goal is to reverse the equation and prioritize buyers because I think they are the key to success in any industry. The domain industry is no exception. Without buyers, there’s no money. This is why we’ve made it our mission to help entrepreneurs succeed!

And what’s with the 30-35% commission rate most of these marketplaces are charging? Unless they’re doing more work than a human broker, I don’t think anything over the industry average of 15-20% is warranted. We’re changing that. Alter has one of the lowest rates in the industry, an all-inclusive 10% commission fee when a name sells. There are no other fees or restrictions.

What do you think? Are we on the right track or barking up the wrong tree?

Deven
This was a promoted post.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Regarding the domain age, I really appreciate the feedback everyone!

After thinking it through again, we decided to show the age dynamically. Moving forward the domain age information will only be shown if the domain is older than a year. :)

@sellian @Joe Nichols
 
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Regarding the domain age, I really appreciate the feedback everyone!

After thinking it through again, we decided to show the age dynamically. Moving forward the domain age information will only be shown if the domain is older than a year. :)

@sellian @Joe Nichols

That's amazing Deven!! :)
 
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My domain still pending listing since last week. Is this normal?
 
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@sg08 @Sammy Jakes

It seems like you guys are both referring to two different things.

Domain Review: This is the first step of the process where sellers can submit their names for consideration into our marketplace. If accepted, our team will professionally appraise them and ask you for approval and verification to continue with their marketplace listings. This process takes about 24-72 hours on average but could take longer during peak times like now. Remember, there's no downside here for sellers because they're allowed to do whatever they want with their names in the meantime.

Domain Listing: Once you decide to move forward by verifying your domains, we'll create professional logos and descriptions for them before finally listing them on our marketplace. This process takes another 24-72 hours on average but could take longer because the design process goes through rigorous review to ensure that logos are top quality. If they aren't, our designers are asked to revise them repeatedly until they are. This is why you'll notice some names get published quicker than others (some logos need more revisions).

In either case, please be patient. We'll get to your domains as soon as we can. :)
 
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Yeah. I understand. Kudos for the work done so far @Deven Patel. Please don't forget to share some of your sales report as promised earlier. This will help boost confidence in your market place
 
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A small but significant update everyone!

We noticed that some of you were selling domains that were already accepted on Alter to other users who then wanted to re-list them on our marketplace. This process was cumbersome because you had to contact us to expedite the review process for these names which normally took a few days.

We just released a feature where domains already accepted in the past will automatically be re-accepted when the acquiring user submits them. And once they're re-verified, they will also automatically be listed on our marketplace instantly.

Thanks again for your continued patience and support! :)
 
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Submitted a few names, some are a accepted
Approved are the best of what I got which is a good sign, great job!

So far like the experience

A few things to improve if you don't mind:

- Automatic nameservers check would help, or at least one button to verify all names, because the way it is now is not convenient

- Maybe allowing sellers some price flexibility is a good idea, 30 - 50% at least (BB & SH allow that)

- How about payment plans? They help closing a lot of deals that wouldn't happen otherwise

- Did you consider adding crypto payouts? A lot of Dan users would consider you a top alternative really (of course if payment plans are added)
 
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I am starting to gather a significant number of views on my portfolio but still not a single shortlist. Has any seller had any shortlists yet?
 
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I am starting to gather a significant number of views on my portfolio but still not a single shortlist. Has any seller had any shortlists yet?
no sales yet, but have 5 shortlists. Though I've only been an active seller for a few weeks.
 
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no sales yet, but have 5 shortlists. Though I've only been an active seller for a few weeks.

Thanks JudgeMind! Would you mind sharing the size of your portfolio and the number of weeks you've been on the platform?
 
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@sellian approaching 6 weeks and have 110 listed and 40 or so pending listing
 
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@sellian approaching 6 weeks and have 110 listed and 40 or so pending listing

That's a considerable amount! Thanks for the info and let us know when you get your first sale :)
 
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Submitted a few names, some are a accepted
Approved are the best of what I got which is a good sign, great job!

So far like the experience

A few things to improve if you don't mind:

- Automatic nameservers check would help, or at least one button to verify all names, because the way it is now is not convenient

- Maybe allowing sellers some price flexibility is a good idea, 30 - 50% at least (BB & SH allow that)

- How about payment plans? They help closing a lot of deals that wouldn't happen otherwise

- Did you consider adding crypto payouts? A lot of Dan users would consider you a top alternative really (of course if payment plans are added)

Thanks for the feedback!

Regarding nameservers, it would be though because they aren't always the same for every domain. If a domain was previously listed by another seller, the new seller will be asked to point to a different set of nameservers to verify their domain. This ensures that the new seller actually has control over the domain.

Regarding price flexibility, we will think about this but one of our main goals is to keep things super simple for both buyers and sellers so trying not to add too many bells and whistles unless absolutely necessary. Right now our internal policy is to reach out to the seller if a potential buyer makes an offer that's close to the list price.

Regarding payment plans, it's on our radar!

Regarding crypto payouts, we'll certainly consider it if enough sellers want it. On that note, I'd love to learn more about why sellers would choose crypto over a normal payout method. I would think crypto poses a big security risk as transactions aren't traceable.
 
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Anyone have any success yet selling with Alter?
 
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Previously after signing up about 2 months ago, I had a plan to create a Thread Alter.com in NamePros but that hasn't happened
(May be waiting for the first sale) :facepalm::-D

Glad to see you on NP @Deven Patel

I submit 106 names gradually..
19 Accepted, the rest Rejected.

Currently 13 listed that I decided to stick with Alter.


Show attachment 167618

Show attachment 167619
I have sold a name today

I will share more details soon...

Here's

https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/page-841#post-8051160
 
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Hi Karl, thanks for sharing your sale, and congratulations! Just one concern, I see that it sold for 800$ yet I haven't seen any domain priced below 1000$ on the platform. Was that your BIN price or did you negotiate the final price?
Thanks @sellian ! BIN was $1,599 received an offer of $800 (accepted), their initial offer was $600.
 
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Thanks @sellian ! BIN was $1,599 received an offer of $800 (accepted), their initial offer was $600.

Very promising info :) thanks and keep the sales flowing!
 
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I got some my first names accepted today and have pointed DNS to alter.com - Is the verification automatically or is there something else I need to do?
 
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I got some my first names accepted today and have pointed DNS to alter.com - Is the verification automatically or is there something else I need to do?
You can click on "Verify Domain" on the accepted email or click on the checkbox (Verify Ownership) in the "Actions" column on your dashboard.
 
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Quick update everyone.. Alter sellers can now show off their domain portfolio or market it using a custom public URL (e.g. https://alter.com/portfolios/xxxxx).

You can configure your URL by logging into your Alter account and heading over to Settings > Portfolio.
 
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