Labeled as various in Domain Selling and Domain Sales, started by Scotty205, Jan 28, 2017
How many names you have now.
Congrats @AbdulBasit.com !!
Could you please let us know what was the reason for acquiring EastEight.com and why did you hold onto it for 2 more years. It is always helpful to learn from successful domainers like yourself.
If asking me, I've just reached 3,700 domains.
Sharing couple of reasons below and there are always more we can think:
1) China is located in East Asia.
2) Eight is the most favorite number among Chinese.
Though I wasn't targeting specifically to a Chinese buyer.
You sold it too cheap imo...CyptoCash.cc is a good name since .cc is seen as CryptoCurrency....at least $1k would have been nice
Congratulations your portfolio size
u didn’t tell how they acquired? How long hold?
Somewhere around 3500.
Could you please share what type of listing method you used for making the sells?
I mean auction, or trade? I'm a newbie here, and a bit confused about how do people actually find the domains which we are trying to sell. How to make them have a look at our domains.
It'd be great if you could reply.
Thanks for your time!
Congrats, are they all premium listing? What is your accept rate at SH?
Yes, all premium listings.
I only list names that I haven’t sold in a few years and don’t think I can sell them myself, mostly invented brandables and names from the drop. This one is probably my favorite that I had submitted because I have the other very similar name.
Acceptance rate has been 31-35%, would definitely be higher if I submitted my better names, but as I mentioned, I believe good names sell themselves, the commission is very steep and makes no sense to list them. Also quality names increase value over time or with trends, I don’t like that I can’t make significant changes to the listed prices. I adjust my portfolio prices quite often, and I’ve sold many names at higher prices after adjustment. I like to be able to take control of pricing.
How many names you have on BP?
And curious to know, was it first rejected by other brandable site or you list it first there?
I've received the first installment, and I got to say, Paypal is worse than a thief, it's going to eat up a considerable amount of the payouts (I get $86/month instead of $93, that's a 7% fee). Or Dan.com fucked it up, I dunno. Whatever, I've changed my settings to wire payment. My bank will convert the payouts with a bad FX rate, but isn't that what Paypal is doing anyway?
Contant Dan. Maybe they did a mistake. Their PayPal payments dont have fee. So if they send you $93 - you should be receiving $93.
well if you sold for 1588 for 17 months.. thats 93 per month. from which dan takes 9% as always.
so looks like in your case its not 7% but 9%.. and its not from paypal but from dan.
Many many congratulations to you.
What is your portfolio size ?
Thanks, nearly 150 names.
Yes, first I calculated the same way, but in case the lease period is 17 months, there's a 10% markup, so if the price is $1,588, then total price should be $1,747. Or maybe Dan forgot to add the markup to the original price, I don't know :D
Update: I've just checked the transaction on the Installments tab:
I think I'll contact Dan.com's support.
They (Dan) take an additional 10% off on any markup amount, that may explain the difference.
As to the Paypal fee, there shouldnt be one, but know that if you switch to wire payments, there usually is a wire fee that is even higher (I once accidentally left that option on for an installment sale and the wire fee was $15 every installment).
Then if I understand it right, if the buyer chooses the lease option (which is the worst case scenario, as I'm taking all the risks (it's not sure that I receive the whole payment, and there's even a chance that the buyer destroys the domain by using it for something shady/illegal)), Dan.com takes this extra payment? I'm not very happy with this, but what can I do? I'm switching back to Paypal, then.
i've sold couple name there on monthly payments... it was as simple as this:
buyer buys for say total 1000$ for 10 months...thats your sale price.. u mentioned 2 sale prices so im not sure anymore for your case... then i get paid each month 100 - 9% fee = 91$
unless they changed this, its really that simple. the only inputs are: sale price, #months, 9% fee. no markups, no paypal fees ever there cause its mass payout.
if this is not how it works for you then u can email them to clarify... in case they changed their rules or have more fees, do let us know.
They introduced a new payment plan, that is different from the old installment-based one, and it includes an extra 10-30% fee for the buyer. I've just re-read the details and it seems that the markup is split equally between Dan.com and the seller, so my monthly payment should be ($103 - ($103 x 10%) / 2) * 0.91 = $89.04. My payout is 86.94, though. Not a huge gap, but for 17 months it's $35.7, which would mean 12 .co domain registrations with a $3 promo
No, what I meant was they take more off the markup portion of the payment. It becomes evident if you look at the transaction invoices, but I just looked into my communications with them because I had sold a name at 30% markup a couple of months ago and what they said was:
“When a buyer decides to use 'the lease to own' option there will be a markup when he buys the domain in more than 12 months. (the markup varies between 10% and 30%.) We will share the markup with you. So you get 50% of the markup and we get 50% of the markup. In this case, the buyer is paying a 30% markup on every installment payment. If he decides to pay the remaining amount in one go there won't be a markup on the remaining amount. ”
So, they no longer take 9% off the total amount, but 9% off the sale amount + half the markup. They bring you more money, they have to deal with more steps in the transaction (monthly collection + payouts, etc), so they take more - seems fair to me (though they could explain it a little better upfront.)
It is fair, but even if they take the 9%+5%=14% from the total amount, I still get less money than expected They should have at least one example for the calculation, or a calculator itself, so buyers could have a better understanding of the method.
Separate names with a comma.