NamesCon2020

Discuss your Epik Experience!

Located in Domain Marketplace Reviews started by dande, Jul 24, 2019.

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  1. Gube

    Gube NameInvestors.com - Epik.com Epik.com Staff Gold Account

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    A few joined Epik recently; And others are not too much active on NP but still have a badge since they have an important role at Epik
    There are still more Established members than new members

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

    DanSanchez Brokerage & Acquisitions Epik.com Staff VIP

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    Every individual joining Epik that wants to join the forum, does so in an attempt to share their personal experience or expertise. They will be adding their talents to help us respond to your questions faster, spread important communications, and improve your overall experience with Epik. I encourage you to get to know them as individuals, not just as another account for Epik.

    You won't see an increase in self-promotion, just more value.


     
  3. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    that would be a convenient change
     
  4. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    While the payment plans at Epik are masterfully easy to implement, can be customized to a greater degree than others, and do not have limits on size of sale, it is important to realize that payment plans are offered other places as covered in this article.

    I realize this is an Epik thread (and I happily have their payment plans implemented with most of the domains I have at Epik), but just wanted not to leave the impression they are the only place. Personally while I have more payment plans at Epik than anywhere else, I do have them easily implemented at two other places as well.

    Epik were of course one of the first in the payment plan space, and the first marketplace I believe to implement them. I am surprised that they are not available everywhere, and agree with @Rippa on that sentiment.

    Bob
     
  5. Rob Monster

    Rob Monster CEO, Epik Epik.com Staff PRO Gold Account VIP

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    Great question and totally appropriate.

    They should probably be more methodical about introducing themselves or updating their profile pages so that their Epik roles are more obvious. I will relay that feedback. We can and should make it easier to find the right person within Epik!

    As for who they are, ICYMI, we have been hiring 2-3 people per week. This is partly a result of announcing the openings for hiring of staff here:

    https://www.namepros.com/threads/hi...ct-managers-and-executive-leadership.1162639/

    Last night, we announced internally two more Epik hires who are also NP members:

    @DnFolk - Also known as "Vicky", joined as Product Manager from India to work on our next-generated Digital Assets Marketplace where people can sell, lease, finance and manage bundled solutions comprised of any combination of domain, hosting, social handles, and software assets.

    @DAMILOLA OYEWALE - Also known as "Paul", joined as Brand Ambassador for Africa. He is based in Nigeria. His emphasis is on social media and market education following the recent relaunch of DomainGraduate.com.

    To the casual observer it might seem random, but if you read the hiring plan outlined in the above post, it is not so random.
     
    Last edited: Dec 11, 2019
  6. SuperBrander

    SuperBrander Top Member VIP

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    @Rob Monster The appraisal tool (https://appraise.epik.com/) hasn't been working properly lately. It's appraising some domains while other domains aren't being appraised. It seems totally random. Examples from the last few minutes: I'm checking Busted.com and getting its appraisal. But when I check Busting.com I get no result. When I check Swim.com, I get no result. When I check Prefer.com I get its appraisal. I'm logged into my account while checking. The results can change during different times. So for example, tomorrow morning Busting.com might get a result. I haven't been able to figure out a pattern.

    I contacted your support 5 or 6 times already but this matter isn't being fixed. It's been going on for a few weeks now. I hope you guys can solve this bug.

    Thanks!
     
    Last edited: Dec 14, 2019
  7. Rob Monster

    Rob Monster CEO, Epik Epik.com Staff PRO Gold Account VIP

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    Sorry about that -- some API quotas are getting maxed out due to growth in popularity. We'll see if we can bump that capacity up dramatically. Should be solved soon.

    I am also considering a pivot in our appraisal engine to make it smarter and relying on expanded data to deliver better appraisals notably for brandables where we know the estimates are low.

    We have some really big upgrades coming in the next 30 days. Our dev investment is at an all time high as the development effectiveness is also increasing.
     
  8. SuperBrander

    SuperBrander Top Member VIP

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    @Rob Monster Thanks a lot! Really hope this will indeed get fixed. Yeah, Estibot's engine is 99.9% of the time clueless when it comes to brandables. So if you guys will come up with something- that'll be awesome. Keep up the great work!
     
  9. Rob Monster

    Rob Monster CEO, Epik Epik.com Staff PRO Gold Account VIP

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    We have indicated the desire to take prices higher in the industry based on what we see happening with retail sales that is not being reported in NameBio so I do believe we can add value there.

    With the upcoming launch of WhoQ.com, we should also be looking at tying the appraisals into that UX with the link to the appraisal page. This way retail customers who look up WHOIS will also see retail valuations.

    I think you see what I mean. Too often we have retail buyers quoting Estibot as being the basis for why they are not willing to pay market prices. That is a self-fulfilling outcome that we can address.

    @vitigo
    @Gube
     
  10. SuperBrander

    SuperBrander Top Member VIP

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    @Rob Monster Tying the appraisals to WHOIS searches will definitely be a smart move, especially when the appraisals will reflect market value for all domains, including brandables. I'm wondering- what data are you going to use in order to analyze brandables correctly?
     
    Last edited: Dec 14, 2019
  11. SuperBrander

    SuperBrander Top Member VIP

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    The appraisal tool has been working great for the last couple of days. Thanks for fixing this problem!
     
  12. Rob Monster

    Rob Monster CEO, Epik Epik.com Staff PRO Gold Account VIP

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    Thanks.

    That was just a capacity increase due to growing popularity of the service and maxing out certain data quotas for API services.

    That said, a lot more upgrades coming, including before year-end, and especially leading up to NameCon. We'll see what we can deploy this week in time for the holidays.

    As for the appraisal engine upgrade, that is still in the planning stages and will be part of the retail facing marketplace upgrade outlined here:

    https://www.namepros.com/threads/he...he-ultimate-digital-brand-marketplace.1167901
     
  13. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    there is no need for another

    "appraisal"

    tool at all

    as the existing have done enough harm to domainers already
     
  14. Rob Monster

    Rob Monster CEO, Epik Epik.com Staff PRO Gold Account VIP

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    I hear you on the downside of appraisal tools. Unfortunately, too many people know that these tools exist.

    A truly new appraisal engine is not a high priority project but I do see it happening in 2020 and it being especially helpful for undervalued brandables.

    Also, I do see this retail-oriented appraisal engine as being a positive for domainers who may need leverage to push bids to a higher level before completing a sale.
     
  15. SuperBrander

    SuperBrander Top Member VIP

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    @frank-germany Appraisal tools have drawbacks and their output certainly shouldn't be treated as gospel (especially for brandables) but they can serve as pretty good screening tools. In the lower range they're all over the place but once you go above a certain threshold it becomes increasingly rare to find crap. It's a little like aged domains. Not all aged domains are good (in fact most aren't), but chances of a good domain being aged are higher. Also, appraisal tools can be used to your advantage in negotiations in some cases. Since appraisal tools are here to stay, might as well use them to your advantage when possible.
     
    Last edited: Dec 16, 2019
  16. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    when finding a high valuated domain using an appraisal tool
    there will be a lot of competitions, too

    so it might be easier to go for the competition data and bid on domains with high competition


    low results of an appraisal tool will be used
    against you more often
    than you will be able to use it in your favor
     
  17. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    whom do you think will you impress?
    the end-user who is savvy about appraisal tools will use godaddy
    and not trust your tool.

    the end-user who is non-savvy will not trust your tool
    as they will smell scam.

    the domainer who needs your tool is lost anyway.
     
  18. tonyk2000

    tonyk2000 Top Member VIP ★★★★★★★★★★

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    Appraisal tools = no. It was discussed a lot of times already... $$$ appraisal cannot help a professional domainer in any aspect. It does not mean that a domainer should not develop (internal) semi-automated screening and pricing tools, but they are specific to a particular portfolio and operational mode (more sales @ lower prices VS less sales @ higher prices). Comparable sales database = yes, but not public. If lets say yellow chair .com was sold for $500 at some point of time, and yellow chairS .com was sold for $5,000 - how these 2 facts can help an enduser to decide what would be a "fair" price for his desired black chair .com? And how should an appraisal tool act trying to appraise black chair .com in light of 2 very different comparable sales?
     
    Last edited: Dec 16, 2019
  19. SuperBrander

    SuperBrander Top Member VIP

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    @tonyk2000 I made a 6 figure income from domains this year and I use appraisal tools all the time, so I have to disagree with- "Appraisal tools = no. It was discussed a lot of times already... $$$ appraisal cannot help a professional domainer in any aspect". What is true is that they're mostly helpful for internal use.
     
    Last edited: Dec 16, 2019
  20. tonyk2000

    tonyk2000 Top Member VIP ★★★★★★★★★★

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    Public apprasal tools:

    WIPO Arbitration and Mediation Center
    ADMINISTRATIVE PANEL DECISION
    Lakes Gas Co. v. Domain Administrator, DomainMarket.com
    Case No. D2019-0830

    <...>

    This Panel takes notice that the estimated fair market value for this disputed domain name ranges from about USD 650 to about 2,300

    <...>

    ... the Panel orders that the disputed domain name <lakesgas.com> be transferred to the Complainant

    (quote end)
     
  21. SuperBrander

    SuperBrander Top Member VIP

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    @tonyk2000 Not arguing with you that appraisal tools can be used sometimes against owners, like in the case you quoted. But that's quite rare and doesn't apply to most domains. I'd be fine if these appraisal tools wouldn't be public. But they are public. So I try to make use of them.
     
    Last edited: Dec 16, 2019
  22. Gube

    Gube NameInvestors.com - Epik.com Epik.com Staff Gold Account

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    --
    Looking at the parts of the quote selected, it looks like the decision to accept or deny the complaint was solely based on the appraisal value, when actually it's just a detail
    Everyone use these as he likes, but don't base your decision only on the ap value
    but on the facts behind that number ;)

    Gube
     
  23. tonyk2000

    tonyk2000 Top Member VIP ★★★★★★★★★★

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    but if it is 100% private... such as marketplace showing "recommended" price to a seller, and only to him, with some basis for such a recommendation (like comparable sales) - why not. This would be fine.
     
    Last edited: Dec 16, 2019
  24. SuperBrander

    SuperBrander Top Member VIP

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    @tonyk2000 I agree with you that having private appraisals would be overall better. But I don't think it's gonna happen. I do think that in some cases, end users can be convinced to pay a higher price if they get an appraisal from a source they trust. There's a reason Godaddy introduced that appraisal tool. At first I didn't like it, but with time it made more sense to me. In some cases it sucks because the appraisal isn't in your favor as an owner, but at other times it can help.
     
    Last edited: Dec 16, 2019
  25. BrandCollectors.com

    BrandCollectors.com Established Member

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    i think some of appraisals should be fixed
    similar sale in .net is $x,xxx (namejet) Epik showing $75 for .org
     

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