Located in Domain Marketplace Reviews, started by Deven Patel, Sep 14, 2020
Sorry about my mistakes in English, I am still improving
Read my post. This problem has a solution which is fair, but in the end, it achieves nothing in the grand scheme of things. Things would remain the same, on average, as if he just left a 10% fixed commission.
So I was right, you only want charity. Why would a wealthy domainer not just donate 20% of his profits to a real charity? Seems like a better solution than what you're suggesting.
I'm not even going to mention the fact that a person might only make 20% profit on a sold domain, which would all be given away to leechers who don't do jack shit.
Do you sell on any of the marketplaces that charge between 25-35%? I would be curious to see if you are this aggressive towards them when they steal your money (by not doing jack shit either) through those commissions.
Did you read his posts?
Yes and I don't find his approach fair for everybody.
it's starting to read like a "pimp-coop" in evolution
imagine if all the other domain pimps and hustlers came together with a profit sharing plan.
now, that's not a reflection,
just a parody of domains, domainers and the evolving game in domaining.
He wants only the top domain holders to give away 20% commission when they make a sale and he wants to prevent them from collecting commission from other people's sales.
On the other hand, he wants people with no sales to earn commission from people who actually make sales. So really, he wants a system where he can leech money from actual sellers by doing nothing.
In what world is that fair?
I just want to see this built by someone. Give it a go, for a year/two/three. This is trying something different and trying to make a difference in the (domaining) world. Everyone has a right to choose to use or not to use such marketplace.
I personally support the idea of a universal basic income for every human being on the planet as our system is totally broken and employment alone is no longer able to support the system, but here we are talking about domaining, not politics! For now, I stand by my “equal STR/ democratic system“ for domainers
I am not sure if I get the sarcasm here as I am not a native speaker. These are just ideas and remember, no one will ever FORCE you to join any of these alternative platforms/services. You'll always have the freedom to choose whatever method suits you best.
@SuperBrander @Lord Antares
Repeat after me:
It is not my money and I don't care how it's spent.
It doesn't matter what I think. What matters is that it would be bad for the company, at least your method would. Taking from the wealthy and giving to the poor. No one with good domains would take part in an unfair system. What's left would be leechers with 1 domain trying to perpetually leech from one another.
No one would ever try that because it's a bad idea.
You currently agreed to 10%. Deven decides to give half of that to others. And you are saying that is unfair? You would remove your domains from site and go elsewhere?
The original suggestion was 10% commission + 20% spread among others. They couldn't offer just 5% commission, it's too low for the site to function.
Even you said so when you said someone selling a domain for a million would give 300k away to the site + to leechers who don't sell any domains.
Enough of this, it's silly and it dilutes the thread.
Everyone is sucking money out of domainers, on every single step. Give portion of the money back to domainers ...HELL NO!!!
@timestamp You're treating the 15%-20% difference between different marketplaces as if it's money that just landed from the air and can belong to anyone. The fact that Alter offers a 10% commission and other marketplaces 25%-30% doesn't turn the difference in commission into spare money that should be distributed to domainers who aren't doing things right. Let's remember that other marketplaces, though they charge a high commission, are proven venues that sell a lot domains and invest a lot of money into advertising and in the case of SH, also sophisticated AI systems. Some of the domains that are selling are terrible ones. So for now, in many cases the high commission they charge can be justified. Plus, in SH's case they also offer the white label marketplace. Alter needs to prove itself and show that it can really sell domains and provide the same sort of success as other marketplaces. Yesterday I got a pretty big sale at the WLM and I'm paying 7.5% commission. If it were up to you and this domain was at Alter with the "rewarding domainers who don't sell" policy you're suggesting, I'd have to take 20% of that and distribute it to other domainers and get... what exactly? A warm and fuzzy feeling? Charity is charity and domaining is domaining. Learn, work hard, make money and reinvest. If a domainer can't do that, they shouldn't be domaining.
If 2.5% out of 7.5% goes to others, would you still complain?
@timestamp What the marketplace does with their commission doesn't matter to me. They can flush the money down the toilet, if they want. But you're playing with imaginary money that for some reason you think marketplaces should give to domainers. Why should they? It just encourages and rewards unsuccessful domainers plus it's an investment in mostly low end domains that so far haven't sold. Plus, it would be a beaurocratic nightmare to put in the resources to organize all the payments, as in-store credit at different registrars. There's zero reason for a business to want to do that. Welcome to life and the business world. Nobody is going to give you gifts. If you want to succeed- you need to put in the time, work hard and earn it.
That is why I tagged Rob Monster. Epik can do it, others too if they want. Epik has masterbucks and in-store credit. They have everything in place to make it work. Security checks, know your customers... They can make website over the weekend and deploy it on monday. Giving money back to domainers should become industry standard.
@timestamp I'm definitely not against empowering domainers, and Epik has and is doing a great job at that. But I feel there's a difference between empowerment and charity. Taking money from domainers' sales or the marketplace's commission in order to fund renewals of domainers who aren't doing well... doesn't sound like a very empowering concept to me. Maybe there's a way to do it that's empowering and doesn't just reward bad domaining. Anyway... I'll end with that because this thread is supposed to be about Alter and this whole discussion should probably be elsewhere.
Hi @Deven Patel , I would like to feedback on the loading time for each name. It take a little bit longer than others.
Alter took around 9-10 sec for loading, while the other took below 5 sec to loaded.
PS. I am from South East Asia
Ok, it's been less than 48h and everything has gone very fast and smooth on the platform.
This is my performance:
74 names submitted, 14 accepted (around 19%). Price average: $2320.
I am quite happy with the acceptance rate of my domains. I'm curious to see what the logos will look like
Finally back to thread about Alter.
All those who high jacked the thread for personal debate should make your own thread for respect of Alter.
It's valid discussion but more specialized focus
Any sales thus far???
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