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Just received this email from Dan.com about commission increases (snippet of email):
Thoughts?
Thoughts?
As I see it, it could hurt or help Sedo. This is my thinking,..Again, address Sedo.
I don't see that happening, there is nothing anywhere about that, they would lose a ton of business. And you said commission structure at Afternic? That would mean they would lower the prices, that's not going to happen. Again, it's 20% at GD, will be 15% at Afternic, why would they lower it to 15%?Mor than a hassle, it's a quite different sale and purchase process.
And I repeat, they will use the same commission structure as Afternic. That's for sure. No domain not pointing to Afternic's "network of" DNS will be sold at Godaddy with the "old" commission structure.
Godaddy have already updated their commission fees to align it with that of Afternic.I don't see that happening, there is nothing anywhere about that, they would lose a ton of business. And you said commission structure as Afternic? That would mean they would lower the prices, that's not going to happen. Again, it's 20% at GD, will be 15% at Afternic, why would they lower it to 15%?
I agree that is the most concerning part.It is a clear consensus at this point, on every venue I have seen from NamePros, blogs, Twitter, and others that the primary problem is this 25% anti-competition move.
Domains not using GoDaddy brand aftermarket nameservers: Standard flat, 25% commission rateWoohoooooo. So Godaddy have already updated their commission fees to align it with that of Afternic.
See this, from GODADDY:
https://www.godaddy.com/help/what-is-list-for-sale-27761#rates
What are your commission rates?
When the domain is sold, the seller pays a commission to GoDaddy.
Before Feb 1, 2023:
The commission rate is dependent on the price the domain sold for.
After Feb 1, 2023:
- Sale price: $0 to $5000 — Commission rate: 20% ($15 minimum)
- Sale price: $5,001 to $25,000 — Commission rate: $1,000 plus 15% of amount over $5k
- Sale price: $25,000 and over — Commission rate: $4,000 plus 10% of amount over $25k
The commission rate is dependent on where the domain’s nameservers are pointed to at the time of sale (US$15 minimum)
GoDaddy brand aftermarket nameservers will end with the following:
- Domains using GoDaddy brand aftermarket nameservers that point to a GoDaddy For Sale Lander: Reduced flat, 15% commission rate
- Domains not using GoDaddy brand aftermarket nameservers: Standard flat, 25% commission rate
- afternic.com
- smartname.com
- uniregistrymarket.link
- dan.com
- undeveloped.com
- internettraffic.com
- cashparking.com
Scroll up, that page is for Afternic -Godaddy have already updated their commission fees to align it with that of Afternic.
See this, from GODADDY:
https://www.godaddy.com/help/what-is-list-for-sale-27761#rates
Godaddy didn't pay $71M to keep it as it was. They bought it because it was a competitor with lower prices.I really had hoped they would keep Dan more or less as it was.
They'll get the money back by getting all the sales they were getting and now at 15% instead of 9%.Godaddy didn't pay $71M to keep it as it was. They bought it because it was a competitor with lower prices.
Now they have to refill the $71M hole by raising its price. It was all about ending with a competitor (and with innovation by the way) and increasing their monopoly on the domain aftermarket industry.
You are probably right, although at least from Dan at the time of the acquisition I recall assurances that Dan would continue to operate as is.Godaddy didn't pay $71M to keep it as it was.
Oh yes, we have seen their innovation at Afternic during the last years... so much innovation that they had to pay $71M for a clean landing page.What do you mean by ending innovation? They could still add things.
Did they fire all the Dan people?Oh yes, we have seen their innovation at Afternic during the last years... so much innovation that they had to pay $71M for a clean landing page.
No chance.And will Dan 5% closing stay. For now, yes. It is good that Sedo and Escrow both offer competitive closing services so there is competition to keep it probably.
Are you using the ones with ns1.sedoparking.com or sl1.sedo.com? The former are the traditional ones, can make changes under parking optimization, and the latter go to newer clean-look landers. I personally prefer the sl ones, and think they have done a good job building trust with the design. Now if only that accept cookies could be made a bit smaller for the first time visitor!
-Bob
No, they just ended with their competitor, raised its price and as a result of the monopolistic position, increased their commission fees by a 10% for people not using their network of DNS.Did they fire all the Dan people?
There are some annoying Afternic issues that go back many years and are still not fixed.Oh yes, we have seen their innovation at Afternic during the last years... so much innovation that they had to pay $71M for a clean landing page.
Oh, so they have the same people that built Dan still working with them. So not really ending innovation, keeping the people on board that innovated. That's a good thing.No, they just ended with their competitor, raised its price and as a result of the monopolistic position, increased their commission fees by a 10% for people not using their network of DNS.
You should have asked them to put that assurance in a signed paper...I recall assurances that Dan would continue to operate as is.
GoDaddy has so many venues, registration paths, etc. that it is almost impossible to keep updated with a large portfolio.And I do agree about Afternic, it's a pain listing there because it's not smooth, posted about that in another thread today. Maybe, they should get the Dan people on over there.
Is this a confirmed number? If so, considering how close things came, RM is surely down in the dumps about this one getting away.Godaddy didn't pay $71M to keep it as it was.
Is this a confirmed number?
You bet.Also, if Dan had built such value in the short life it had before consumption, does this not give any top notch coders around the globe the desire to build a similar marketplace?
Yeah, it's a bit of a mess. I'm trying to simplify things. Had a mix of Dan/Afternic landers, mostly Dan. Just went 100% Dan landers the other day. They're nice looking, love the Lease to Own option, support has been good etc. Never had an issue with a Buyer, that's the important thing. Want the buyer's experience as smooth as possible. I don't even like the Beta versions Afternic and GoDaddy has. Too much white space, can't figure out what's actually improved. They need to hire Dan level talent and get that all fixed. Get somebody who understands web design/usabilityGoDaddy has so many venues, registration paths, etc. that it is almost impossible to keep updated with a large portfolio.
I constantly have listing conflicts on Afternic or Dan.com. When I spot check I will find Afternic BIN landers not loading sometimes, because there is some other orphaned listing loading from somewhere.
For instance I have one I found the other day with Afternic BIN lander that is listed for the same price on Afternic and Dan, but it loads the "may be for sale" lander. If I search it on Afternic or Dan it shows that price.
If I search it on GoDaddy it shows another listing, at a higher price.
Where is that coming from?
Is it an orphaned listing?
How do I find out what is not working properly?
I have no idea what listing takes priority in the registration path.
I basically gave up on it.
Brad
Dan.com is the superior system IMO, by far. The value in Afternic is obviously the distribution network.Yeah, it's a bit of a mess. I'm trying to simplify things. Had a mix of Dan/Afternic landers, mostly Dan. Just went 100% Dan landers the other day. They're nice looking, love the Lease to Own option, support has been good etc. Never had an issue with a Buyer, that's the important thing. Want the buyer's experience as smooth as possible. I don't even like the Beta versions Afternic and GoDaddy has. Too much white space, can't figure out what's actually improved. They need to hire Dan level talent and get that all fixed.
More than the distribution network... it's a registrar in their distribution network called Godaddy. A registrar that has more market power than the rest of the following registrars combined.The value in Afternic is obviously the distribution network.