NameSilo

Alter.com Marketplace

Located in Domain Marketplace Reviews, started by Deven Patel, Sep 14, 2020

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  1. zomainhacks

    zomainhacks Top Contributor VIP

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    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. ddesigns

    ddesigns 24Designs.in - Web Development and more... VIP ★★★★★★★★★★

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    Login in your account and you will find Syndication under "setting" tab...
     
  3. Frand

    Frand New Member

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    I don't think it's a cookies problem and there are more than 4 domains with the term "poker". Right now I’m looking for the term "investing" and "investingtopics" appears on page 21 behind names like yadica, enacio, highfolio...
     
  4. Handmade life

    Handmade life Account Closed (Disallowed)

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    Hello

    From your Syndication

    Automatically list my "Buy Now" domains at the marketplaces and registrars mentioned above

    ------------------

    What about my " make offers " domains !!

    My make offers Domains not appeared on Dan or Sedo
     
  5. ddesigns

    ddesigns 24Designs.in - Web Development and more... VIP ★★★★★★★★★★

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    Only the one with Buy now or Both are syndicated..
     
  6. Deven Patel

    Deven Patel Founder, Alter.com Blue Account

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    Please note that search results aren't counted in your stats. The "visitor" count you see in your account only includes people who actually viewed your listings/landers. I think that might solve your concern. :)

    Our algorithm works the same across the board. It doesn't distinguish between keyword vs non-keyword domains. However, it does consider how buyers interact with the names so you may be seeing an inadvertent effect across some specific search terms which could be due to a number of reasons like our inventory not having enough keyword based domains, the keyword based domains being too niche, etc.

    Here's an example of the results that show keyword based domains at the top: https://alter.com/names?q=talent

    Thanks for the suggestions! We just released a feature that will automatically verify your domains after they've already been submitted. On that note, we also released the ability to add/edit thousands of listings at once through a CSV file. :)

    No, because we don't require buyers to sign up for an account. Buyers seem to appreciate less friction and also the fact that they don't have to worry about endless spam.

    That's the point. By default, you're performing a "broad" match search which will only show you quality results at the top. I think what you're looking for is results that only contain the keyword "poker" which you can accomplish by choosing the "contains" filter.

    Broad Match: https://alter.com/names?q=poker
    Contains Match: https://alter.com/names?q=poker&placement=contains

    Note how the top row of quality results appear in both sets.

    We do not track these because they don't accurately paint the picture.

    Regarding favorites-to-sales, we've seen buyers who never favorited a name as well as buyers who have so it's not really a useful metric to track across the entire marketplace. However, you can do this for your own portfolio if you like.

    Regarding sales-through-marketplace, again it's super hard to track because of buyers using multiple devices and marketing channels over a span of few days before actually pulling the trigger. What we do instead is try to survey the buyers if possible after the sale. This is how we discovered that around 80% of them come through landers (very rough estimate).

    Regarding showing favorite counts to buyers, we already show "X buyers viewed this domain recently" on the landers. I think that accomplishes the same goal. :)

    If your names are already listed there and you don't care about the benefit of saving a ton of time dealing with different companies, updating prices across accounts, re-verifying domains, etc then you don't need to syndicate your domains. It's just an added convenience for busy sellers.

    We can only syndicate domains with a BIN price because we don't have enough information to negotiate on your behalf on other platforms. If you have a lot of MO-only inventory then syndication may not make sense for you.

    Awesome, congrats on the sales!! And thank you for using Alter. :)
     
  7. Lord Antares

    Lord Antares Top Contributor VIP

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    I saw one of my name has got 37 direct visitors today so far in 12 hours. It very few normally.

    This mean I can confirm to you guys that it's being advertised. This is good.

    However, I'd like to see some more detailed stats. IMO, stats could be something to give you an edge over DAN.
    For example, it says what percentage of visitors are direct visitors and what percentage are marketplace visitors but it doesn't say for which name. Some names are botted and I have one which constantly receives the highest amount of visits, but it's all non-unique visits, i.e. bots.

    Smart people will use data to their advantage. Marketplace visits are more important than direct visits, so you can conclude that names with higher marketplace visits are higher quality than names with lower visits, on average. Same goes, to an even greater extent, for favorites.

    I understand you don't necessarily like favorites because sellers favorite their own names to try and get ahead in the site SEO. But practical people will use them to gain data, reevaluate their domains and prices etc. This is why I think knowing the average favorite-to-sale ratio (I assume only relevant for marketplace browsers) is useful for some calculations. Data is king.

    DAN can't provide this kind of useful data so this might put you ahead in my book.

    P.S. I notice that names with logos are prioritized both in the featured name section and category/keyword searches. So there are still, in fact, premium and non premium names ;)
     
  8. Domain boy

    Domain boy Established Member

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    I find the marketplace really innovative, therefore I will definitely give it a try (y)
     
  9. Reyginus

    Reyginus Established Member

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    They actually know what they are doing and really innovative. I'm just waiting for them to add crypto payment and I'd move everything.
     
  10. Domain boy

    Domain boy Established Member

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    Yes, that's also something I would really wish that they would add :xf.smile:
     
  11. Domain boy

    Domain boy Established Member

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    Also, does anyone know how to check if my alter listing is classified as premium or basic?

    Thank you :)
     
  12. Lord Antares

    Lord Antares Top Contributor VIP

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    There are no more premium and non premium domains. But if you pay for a logo (or make one yourself), your names will show up higher.
     
  13. zomainhacks

    zomainhacks Top Contributor VIP

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    Yes it is surely a great plus point, but you give up fast-transfers and more control on listing prices.

    Regarding the second point, would you like to share the Alter pricing policy on third party marketplaces?
     
  14. zomainhacks

    zomainhacks Top Contributor VIP

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    Buyer side they seem already accepting crypto
     
  15. zomainhacks

    zomainhacks Top Contributor VIP

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    I'm curious to know if it is a predetermined priority given for certain characteristics (name lenght, TLD, logo or not etc etc) or if it is the "natural" outcome of an AI of such type (i.e people tend to prefer names with real logos) .
     
  16. Lord Antares

    Lord Antares Top Contributor VIP

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    It is possible that since all the old names have logos and they have naturally accumulated more visits and favourites, you mostly see them on top but I don't know.

    Frankly, if names with logos get higher STR, it would make sense to show them first from a business perspective.
     
  17. Reyginus

    Reyginus Established Member

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    I know. I mean seller side like Dan.
     
  18. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    Perhaps already answered, but you can select any one of your names from the drop down box to get those stats for individual names and for any time period you set. I did not realize that at first.
    Bob
     
  19. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    I am not sure if you have followed the emerging situation at Epik, but at least as of this afternoon, it is not possible to get auth codes for domains registered there. At least not in the usual way. I have not tried contacting support who I am sure are overwhelmed with inquiries. I presume this cannot last long by ICANN transferability rules, but I wonder if it is a problem keeping Epik-registered names listed on Alter, since if a customer bought a name and could not get it promptly, I presume they would be upset.

    Sedo have a setting that you can make names temporarily not for sale, while still keeping them in your portfolio. Have you considered this option? I presume with your listings across partners this would be complex to implement, however.

    Bob
     
  20. Deven Patel

    Deven Patel Founder, Alter.com Blue Account

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    Yup, we already offer the option to filter dashboard stats by individual domains. As Bob pointed out, there's a dropdown menu on the top right corner of the dashboard that can be used to filter the data. See screenshot below.

    [​IMG]

    Also, note that we try to filter out all bot visits through multiple approaches. Two of the most effective methods are user-agent checks server-side and using JavaScript client-side. Ultimately, the goal is to only capture real human visitors (unique visitors so no repeats).

    We're certainly aware that certain sellers favorite their own names to try and game the rankings but rest assured that our algo already handles that. It's a fruitless effort and won't negatively impact other sellers. :)

    It's not that we don't like favorites, they're great for buyers! It's just that the data isn't particularly useful in predicting future sales.

    My last company offered analytics software to 300,000+ marketers so I understand how valuable data can be. However, most of the metrics people look at are typically vanity metrics that make us feel good but don't actually help us make any useful decisions. The favorite-to-sale ratio is one of them at least when compared across the entire marketplace because there are so many different factors that can impact it (i.e. listings using Buy Now vs Make Offer, listings with reasonable prices vs those shooting the moon, category of the names, etc, etc). This is why I always recommend sellers compare against their own data rather then someone else's because no two portfolios are the same.

    A bit off topic but at my last company, we tried to compare our conversion rates against other startups in the SaaS space but ended up coming to the same conclusion (i.e. it was a vanity metric when compared to the entire industry). E.g.

    [​IMG]

    Note how even companies selling to the same target audience have wildly different conversion rates.

    Not intentional. As you suspected, this might be due to (1) older names having accumulated more data and importantly (2) better logos naturally attracting more buyers (i.e. better first impressions). See results for the keyword "health". There are a couple names without professional/uploaded logos at the very top. Anyway, having better logos definitely helps even if indirectly.

    We do have this on our roadmap but it's not at the top. Can I ask why this matters to you so much? I would think it would be better not to use crypto for withdrawals as it's very risky (i.e. if you accidentally provide the wrong address then your money would be lost forever compared to other methods).

    Moving forward, we consider all aftermarket names as premium similar to GoDaddy. We no longer differentiate between premium and non-premium. All names are treated the same. Our search algo then ranks them based on buyer feedback and a number of other factors.

    Our smart search algorithm uses a number of factors to rank names based on buyer feedback. Everything from the domain's extension, length, price, brandability, popularity, and more is used to determine its rank. Just like the Google search algorithm, we continually adjust our algorithm over time based on buyer feedback to ensure an optimal experience and high STR. This means high quality names will continue to thrive while giving new listings an equal opportunity (just like SEO).

    Unfortunately, I can't give you the specifics because then some sellers would try to game it. But I can tell you that we use a variety of factors and buyer signals to rank names. Also, note that it can often take a few days or weeks before a name finds it's true position in the results because the algo is continuously collecting and assessing new data for each individual name.

    Regarding logos, they don't have a direct impact on the rankings but as I mentioned above better logos will indirectly give your names a boost because they naturally attract more buyers (i.e. first impressions matter).

    Regarding fast transfers, it's just a way to transfer domains to buyers quicker after they're purchased. So it shouldn't affect sales or the amount of exposure your names receive.

    Regarding markups, we simply tack on the partner's commission on top of the listing price so that you net the same amount as expected on Alter (i.e. if you list a domain for $1,000 on Alter and it sells on a partner marketplace then you'll still profit $900).

    Thanks a lot for the note, Bob. I just caught up on the Epik thread and noticed the transfer issue has been resolved so we should be good to go. But in case there's still a hiccup in the future, I'm sure buyers would understand especially since the news has garnered so much media attention. Worst case, we would just process a refund.
     
  21. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    Not so fast, it's not always what you think. For instance, I tag all my domains to spot them easier in the listings. If you can find a way to highlight all my domains in portfolio (for logged in sellers), I'd welcome such a feature.
     
    Last edited: Sep 19, 2021
  22. Reyginus

    Reyginus Established Member

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    Thanks @Deven Patel.

    Of the three methods of recieving money on alter, and most marketplaces, only Crypto gives me, and many others, the maximum return. Using other methods feels like I'm cheating myself.

    First, with PayPal a certain amount is removed while withdrawing (though it seems alter covers this), then when I withdraw to my bank account they take another amount.

    And I'm losing about 25 percent of the final cash because of the ridiculous exchange rates offered by the banks.

    Let's say I'm supposed to get $1500, because of poor dollar exchange rates I'm getting 1500—Total PayPal Rates—25%. If there were not other options that would have been smart.

    If I use Payoneer and Wire, the same thing happens. As long as I'm withdrawing to a card attached to a bank or directly to a bank I'd be cheating myself.

    But with crypto, the only thing I'm losing is the transfer fees. Once it hits my binance wallet, I sell to buyers at the rate the banks will sell to me if I were to buy from them. It's a messed up system. With PayPal and Wire it is $1 to 380 but with Crypto it is $1 to 572 or more.

    As Alter already have the crypto option for buyers the same mistake can also be made if we want to look at that line. The buyer can also send it to a wrong address and it is gone forever.

    If possible, there should be a system that tasks the user (either buyer or seller) to make sure they are sending or withdrawing to the right address. Like a two or three step confirmation or something better.

    And I think this is what gives Dan an edge over many others. With fast transfer, crypto option, the quality logos, in addition to Alter's services and marketing, they'd be a massive influx of domainers, high quality names, sales and great returns for the company. I know I'm not alone.

    I already have about 68 names on Alter and my plan is to move others at other landers once that option is made available. Consider it. Please.
     
    Last edited: Sep 19, 2021
  23. Deven Patel

    Deven Patel Founder, Alter.com Blue Account

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    Don't worry, doing this won't negatively impact your names. There is no penalty, it just doesn't help your rankings. But that's an interesting use case, I appreciate the insight! :)

    Very useful feedback, thanks! Regarding buyers, they're given the option to scan a QR code with their crypto app which makes it less error prone. Sellers would have to copy/paste the address which makes it more risky. Also, the other thing to think about is the highly volatile nature of crypto. You could lose/gain a lot of value in the time it takes to complete the transfer.

    But you make a very good point that we hadn't considered regarding exchange rates. We'll certainly reprioritize this feature accordingly. :)
     
    Last edited: Sep 19, 2021
  24. geekjojo

    geekjojo Established Member

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    Hello

    Could you please add an option of getting logo designs for increased commission? Like designing logos and if the domains gets sold you charge 15% commission compared to the usual 10%commissions.

    Thank You
     
  25. Charybdis

    Charybdis Established Member

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    @Deven Patel Congratulations for surpassing 20 000 listed domains!
     

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