discuss A namePros members brandable marketplace

[boker]

I have an idea and I want to see what others are thinking.
I'm dealing with a lot of brandables(and most of the times with brandable marketplaces, BB, SH, BP) and as for most of us, there are a lot of things that don't work for me, from commission %, to acceptance, to logos, to bad names acceptance, to unfair competition and a few others. One option will be my own marketplace(efty) or something similar, but if you have only 500, 1000, 2000 domains, it's hard to compete with the main players, because you can't afford to use payed advertisements to bring more leads to your domains, because it's not worth the fees payed, only if you have thousands-tens of thousands of domains, to divide the cost. So, I was thinking, why we( namepros members) can't unite to form some kind of union, to use the same marketplace (ours) so that we don't need to pay 30-35% commissions to others. We can use the help of some, like dan.com @Reza @LaszloSchenk or epik @Rob Monster, or even both, to help us with fast escrow and the basic infrastructure , so that what will be payed will be only the escrow/infrastructure commission, 9%( 5% sounds even better)and the rest to use them for adwords or facebook ads, so that the total will not go over 10%. Of course, there are a lot of smaller things to sort out, but I think it can be done. What do you think guys?

 

[Bob Hawkes]

I was unclear perhaps because it is middle of night.
I did not mean equally irrespective of sales numbers. I meant something like this.

A domain name owned be Y is sold by X through the association for $5000.
X gets $2000 for selling it.
Y gets $2500 as owner.
The association gets $500 for general costs, advertising, etc.
If someone sells their own domain they get $4500

 

[boker]

I was unclear perhaps because it is middle of night.
I did not mean equally irrespective of sales numbers. I meant something like this.

A domain name owned be Y is sold by X through the association for $5000.
X gets $2000 for selling it.
Y gets $2500 as owner.
The association gets $500 for general costs, advertising, etc.
If someone sells their own domain they get $4500

Using the same marketplace and benefiting from the same ads and leads from forwarders, it will be hard for a member to bring a new lead from outside, only if he is a broker and than, the association can be done on a 'one by one' basis, with mutual agreement between the owner and the broker, the same as in any other brokered deal.

 

[DN_Hunter]

Overall, I like the idea of joining forces.

I think this is what some of the services like Efty and Toughdomains try to do. They have their own "Marketplace" basically made up from the inventory of names from all of their users (as long as their users agree to have their names listed in their marketplace). I'm just not sure if they actually pay for advertising to promote the combined marketplace???

 

[boker]

Overall, I like the idea of joining forces.

I think this is what some of the services like Efty and Toughdomains try to do. They have their own "Marketplace" basically made up from the inventory of names from all of their users (as long as their users agree to have their names listed in their marketplace). I'm just not sure if they actually pay for advertising to promote the combined marketplace???

It's something related, but I don't think that if a lead click's on one domain, from an efty marketplace, he can see all the domains from all efty marketplaces. Like this , if I go to an efty domain, lets say RedTiger( not real efty domain), if I'm not happy with the price or not really convinced that this is the 'one', I will not be able to search through all efty marketplaces for keywords like 'red', 'tiger', 'animal', 'color' and so on, so I will look somewhere else and the lead is lost. What I'm thinking is like 100-1000 efty marketplaces put together, forwarded to the same place and retain as much leads as we can. Also, for efty it's no point to pay ads to promote efty, because the leads will go to efty software and not to a marketplace.

 

[boker]

Ok.

Ask Dan, epik about costs.

Ask experts for revenue related queries.

We can share all informations here.

That why I've tagged them, to see if it can be done.

 

[Rajuajoshi]

Would it not be easier for DAN or Epik to build a brandable segregated section of their marketplace, perhaps with some sort of NamePros brandable experts doing the approval for inclusion. Their rent and lease options already work well and DAN support logos.
Bob

Would it not be easier for DAN or Epik to build a brandable segregated section of their marketplace

Exactly I was thinking that .

 

[Josytal]

I have an idea and I want to see what others are thinking.
I'm dealing with a lot of brandables(and most of the times with brandable marketplaces, BB, SH, BP) and as for most of us, there are a lot of things that don't work for me, from commission %, to acceptance, to logos, to bad names acceptance, to unfair competition and a few others. One option will be my own marketplace(efty) or something similar, but if you have only 500, 1000, 2000 domains, it's hard to compete with the main players, because you can't afford to use payed advertisements to bring more leads to your domains, because it's not worth the fees payed, only if you have thousands-tens of thousands of domains, to divide the cost. So, I was thinking, why we( namepros members) can't unite to form some kind of union, to use the same marketplace (ours) so that we don't need to pay 30-35% commissions to others.

Can be done, but the technical aspect can be very time-consuming.
2 years developing DNHat ( https://www.namepros.com/threads/manage-monetize-sell-your-domains.1113102/#post-7008512 )
... and still counting.

Whatever the case, if the idea takes shape, you can count me in. Ready to offer consultation and other technical
assistance.