poll Best Domain Marketplaces for BIN

[Cdomains]

We all have our domains listed at several marketplaces.

However it is only smart to list a name with a BIN at one marketplace at a time so as not to get stuck in a situation where a domain is purchased at two markets simultaneously.

Yes, I know the chance of this happening is rare.

Now for the question and the Poll.....

When listing your domains for sale at markets with a BIN, which market, in your opinion, gives the best results.

In other words, in your experience, what market has resulted in the most sales from listing names with a BIN only?

I am leaving out the brandable marketplaces because they are specialists.

We are talking about the major, general markets only.

Only one answer is allowed, so pick the one you think is best even if two are very close.

 

[Enwych]

No one uses Uniregistry?

 

[Cdomains]

No one uses Uniregistry?

I started this Poll and I can't believe I missed that one.

I am PMing @Eric Lyon now to see if he will add it.

Thanks.

 

[terol]

NameSilo works like a charm.

https://www.namesilo.com/Support/Marketplace

 

[domeen]

No one uses Uniregistry?

Waste of time

 

[EmotiveDomains]

NameSilo works like a charm.

https://www.namesilo.com/Support/Marketplace

I think if NameSilo's marketplace had the same amount of buyers as GD, Sedo or Afternic, it would be virtually perfect.

Hopefully that will come in time.

 

[AIS01]

afternic,godaddy,sedo and np

 

[terol]

I think if NameSilo's marketplace had the same amount of buyers as GD, Sedo or Afternic, it would be virtually perfect..

You are right, but in this thread we are voting just about BIN pages and NameSilo does this really well. If they covered all extensions, I would not use any others.

Hopefully that will come in time.

Hopefully!!! They have lots of common sense, by living outside the bubble and they also listen their customers (when customers also have common sense, of course ) for changes and improvements.

Anyway, you can still use their BIN page plus Afternic and/or SEDO MLS at the same time for losing no sale chances.

 

[ustradebitcoin]

Namepros is number 1, its free ,i dont need to give a 25% fees and plus i m sure i m not gona lose my money

 

[Paul Nicks]

One thing I was wondering was, if you have your GoDaddy domains listed with a BIN price on the Afternic network, is it safe to also have them listed with a BIN price on GoDaddy premium listings?

If a domain sold through one of those methods, would it be automatically removed from the other right away?

There is no benefit to listing on both Premium Listings and AfternicDLS. Right now, if a domain sells on premium listings it won't automatically remove it from Afternic. We'll finally have the full integration of Afternic and GoDaddy Domain Manager done this year, and at that point Premium Listings and AfternicDLS will be the same thing.

 

[DOMAIN ILLUMINATI]

The lower the BIN, the higher the fact, that it doesn't play a crucial role, which marketplace you use.

 

[ulasbbtr]

@Paul Nicks are you going to use Payoneer as a disbursement option at Godaddy and Afternic?

 

[Name Trader]

I'm going to buck the trend. I don't sell at BIN anywhere. I have a minimum offer of $1000. But all that does is encourage low-ball offers on my better names. I'm going to be increasing my minimum bids, thanks to the actions of HugeDomains and others bidding up prices everywhere. For 2017 my minimum bid is going up to $2500.

 

[SpareDomains]

I'm not a huge fixed price seller. My own sites have always produced the most sales as that's where the domains point to. If not doing your own site I'd say GoDaddy premium listings for GoDaddy registered domains and Afternic for domains not registered at GoDaddy. Think GoDaddy trumps any other market in terms of advertising which slowly draws in end users along with their current existing user base. Don't remember ever seeing commercials for any of the others.

I highly doubt it.

I have 400-500 .coms at a GoDaddy reseller and they all integrate with afternic distribution if I price them.

 

[poweredbyme]

I'm going to buck the trend. I don't sell at BIN anywhere. I have a minimum offer of $1000. But all that does is encourage low-ball offers on my better names. I'm going to be increasing my minimum bids, thanks to the actions of HugeDomains and others bidding up prices everywhere. For 2017 my minimum bid is going up to $2500.

"Make offer", "BIN" or "Auction". I don't know which one is the best and couldn't find much info. It seems "make offer" is best for you. Congrats you made a choice. I am still hesitant though usually "make offer" seems like good as you don't leave money on the table. But on the other hand all marketplaces strongly recommend BIN. This is confusing.

 

[Name Trader]

"Make offer", "BIN" or "Auction". I don't know which one is the best and couldn't find much info. It seems "make offer" is best for you. Congrats you made a choice. I am still hesitant though usually "make offer" seems like good as you don't leave money on the table. But on the other hand all marketplaces strongly recommend BIN. This is confusing.

You have to deal with a lot of lowballers with minimum offers on a portfolio of domains. It isn't easy. BIN is an easy sale. But you know you've left money on the table with BIN sales. Auctions are usually disappointing unless you work hard to bring potential customers into the auction. Doing all that work, doesn't seen right that you've still go to pay 20% commission.

 

[ulasbbtr]

@stub did you calculate your selling ratio for variations of minimum offer rate such as 1000, 2500, or others? Last year I cut the minimum prices to half and I get two times more sales but also a median price half of the previous year so nothing in the end. Since, I don't have more data and can't add other factors such as gtld introduction, global economy etc. I can't make a healthy decision about pricing. Can you share your observations, selling ratio, medians if you play with minimum pricing for a while?

 

[ResoluteDomains]

End users are becoming wise about purchasing domains and we're seeing more of them come to NamePros to get good deals on Domains.



Added to your poll since voters want to choose the option.

Eric - what would you say the percentage of "end users" versus us domain investors are buying domains at NamePros?

 

[ResoluteDomains]

NameSilo works like a charm.

https://www.namesilo.com/Support/Marketplace

Do you know if they require photo ID/personal documentation for their service like escrow.com has begun to do?

 

[Silentptnr]

I would say GD and NP.. There isnt a faster sales platform than NP. GD and Afternic move names too. Sedo not as fast. I am really liking Namesilo. I just sold a name there.

 

[Name Trader]

@stub did you calculate your selling ratio for variations of minimum offer rate such as 1000, 2500, or others? Last year I cut the minimum prices to half and I get two times more sales but also a median price half of the previous year so nothing in the end. Since, I don't have more data and can't add other factors such as gtld introduction, global economy etc. I can't make a healthy decision about pricing. Can you share your observations, selling ratio, medians if you play with minimum pricing for a while?

I'm not trying to be rude. But, that's all too high-brow for my way of thinking. I will say, the higher the minimum, the better the quality of low-ball offers you receive. I'm putting up my minimum offer to $2500, because that is the sweet spot for Huge Domains sales. And their prices are rarely under $2k and go much, much higher. Retail Domain Sellers are going to have to put their prices way, way up, if they want to maintain their margins into the future. Based upon the prices they are bidding at places like GoDaddy Auctions. Which will make my $2500 look cheap It also sets a higher bar, closer to where I expect to sell my domains.

Having low minimum prices, sets the expectations for potential buyers too low. They get sticker shock, when you came back with 5 figure asking prices. I will lose some sales for sure in the cheaper price ranges. But I think it's going to be a good move. Overall.

 

[Jurgen Wolf]

If you want to share your BIN-listing among major registrars incl. GoDaddy - then Afternic DLS (20%).

p.s. Most endusers are visiting necessary domain directly, so marketplace is not needed at all.
You can sell even via your own template.

 

[terol]

Do you know if they require photo ID/personal documentation for their service like escrow.com has begun to do?

Not currently, as they are not working as an escrow system, but a payment + transfer manager.

Most endusers are visiting necessary domain directly, so marketplace is not needed at all.
You can sell even via your own template.

I partially agree: a lot of buyers visit the domain, but it's always good to have as much exposure as possible and Afternic DLS + SEDO MLS would work fine, even rising the prices just there.

Own template is also nice, although this way you must add an option for completing the transaction and I believe this thread runs about that ...

 

[SmartDomains]

GD

Sedo

Ebay

 

[Ayodeji]

GD...most of my domains are there plus end users know them. Their premium listing is cool since end users use them to search..

 

[lennco]

I have had most success at Sedo and prefer it for several reasons.

• The BIN if parked at Sedo is Only 10%, Not 20%
  
• Most of my sales are completed including receiving payment within 1-2 business days, Not 2 weeks.
• Sedo takes possession of the domain and disburses payment before giving the domain to buyer.