NameSilo

Do You Run Your Own Domain Portfolio Website?

Labeled as discuss in General Domain Discussion started by DefinitelyDomains, Sep 4, 2019.

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  1. manpreet

    manpreet Established Member ★★★★★★★★★★

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    I created and was running my own platform for over six months but then realized the prospective buyers mostly prefer an established platform like Sedo or Dan or Afternic or Uniregistry rather than trusting my own platform which just started. By the way, shifted all domains back to Sedo for now.
     
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  2. Tia Wood

    Tia Wood Business Website Consultant VIP ★★★★★★★★★★

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    I like it. Nice and simple.
     
  3. NicTraders

    NicTraders Upgraded Member Gold Account

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    Thanks for the insights. I think there's no doubt that buyers do take reputation into account these days (and thus the added security of buying through an established marketplace is appealing). However from what I've read there is a surprisingly high percentage of people who will buy a domain without ever visiting it. And I tend to be like that myself quite often. Admittedly I usually buy off NP, Flippa or from established domainers that I've dealt with before, but I often don't even visit the domain. And if I do it that way I'm sure there are at least some others who do too.

    The interesting thing to note from all this though, is that a marketplace like Afternic proves valuable either way, whether a buyer purchases there for trust reasons or simply because that was where they found the domain. It's my belief that a reasonable amount buy there for the latter reason but regardless it shows the benefit of using such a sales platform.
     
  4. stub

    stub Top Member PRO VIP ★★★★★★★★★★

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    However, it's not my choice (normally) to use an outside company like Afternic for trust reasons. I think it's price gouging rates of commissions, IMHO. I always add the 25% or more to all my priced domains at Afternic. Because it's the choice of the buyer to use them. I try to keep my prices down with the addon cost just being the Escrow.com fee. Which is affordable for the buyer. Not another 25%.
     
  5. NicTraders

    NicTraders Upgraded Member Gold Account

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    I couldn't agree more!
     
  6. HappyW

    HappyW Owner of NamesMaker.com Gold Account

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    I posted a similar thread a few months ago, whether to build my own website, depending on whether the buyer wants to buy or the seller wants to sell
     
  7. LLLL_Domains

    LLLL_Domains Established Member

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    I think it all goes down to marketing but yeah there are also many people who'd just prefer established markets like GoDaddy or Sedo.
     
  8. manpreet

    manpreet Established Member ★★★★★★★★★★

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    Yes, and it’s good too in a way, for both buyers and sellers.
     
  9. Super-Annuation

    Super-Annuation Restricted Gold Account

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    What are the negatives? Overheads are no more than $150 a year. That's website, domain reg, and email. A great way to manage any inbounds.
     
  10. Kpett

    Kpett Established Member

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    And you can even do less - Wordpress hosting for $4/month, a hand-regged dot com domain for $10, and contact forms on your website which forward to a free gmail e-mail account, which you use anyway for Google Analytics, etc. That's $60/yr.
     
  11. Corey

    Corey Top Member VIP ★★★★★★★★★★

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    I create sales landers with a link to Buy Now/Make Offer - which goes to Dan, further, I have portfolio sites showcasing certain niches, a way of promoting a niche using 1 name & 1 website.

    Cheers
    Corey
     
  12. topdom

    topdom Established Member

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    (Interesting thread, I'm basically subscribing by posting).
    So if you have your own marketplace, do you really complete sales there. or finalize transfers elsewhere.
    Why should people trust you. I mean, you paypal me and I push the domain to your account; why should they accept it. Also, you ask the buyer whether they got the domain, and they remain silent, or say no, then what do you do.
     
  13. topdom

    topdom Established Member

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    Afternic+fast transfer: Does it have significant advantages over other marketplaces?
    Does landing there have any benefits?
    I rarely sell at Afternic, but maybe because I don't use fast transfer and don't park there.
     
  14. Corey

    Corey Top Member VIP ★★★★★★★★★★

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    A combination of completing my own sales & @ Dan

    People trust a reputation...eg Corey has been registered at NamePros for over ten years! & Earned a VIP Badge which is awarded to prominent members.

    A whois check verifies ownership.

    Cheers
    Corey
     
  15. Josytal

    Josytal Top Member VIP

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    Thank you for hitting the nail on the head.
    By my observation, overwhelming majority of domainers don't take or relate to domaning as business endeavor. And that explains it all.
    Minimum communication, No website necessary, No outbound, No inbound, No off-line business promotion, No advertising ... very soon it will be No domains necessary. LOL!
     
    Last edited: Sep 10, 2019
  16. stub

    stub Top Member PRO VIP ★★★★★★★★★★

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    All my sales from my website go thru Escrow.com. I don't sell under $1k. Put the trust question on the other foot. Why should I trust anybody I don't know, who isn't prepared to pay via a secure payment method? Escrow don't release payment until they have rcvd the domain. I have never encountered an escrow transaction being cancelled and the buyer scammed me out of my domain. I suppose it could happen in extremely rare cases.
     
  17. stub

    stub Top Member PRO VIP ★★★★★★★★★★

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    Yes. Buyers trust Afternic Fast Transfer. As a seller, I trust Afternic Fast Transfer. Afternic/GoDaddy are the biggest retailer of aftermarket domain names on the planet. You get more sales using Afternic fast transfer. It's almost painless to setup. It's nice to get the email that they've sold a domain without any additional effort on your part. Even addictive :) The BIG problem is to establish the price without leaving too much money on the table. Just set a price you would be happy to receive. If you don't make any sales, reduce your pricing or find better domains. You should review your fixed pricing strategy, according to the market and your needs. I suggest every 3, 6 or 12 months.
     
    Last edited: Sep 11, 2019
  18. topdom

    topdom Established Member

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    Actually I'm wondering whether Afternic+dls fast transfer is much better than Sedo+MlsPremium fast transfer. if so, why.
    ...........................
    Big problem with Sedo recently, maybe always. is that actual buyers don't bid, instead some flippers do, and I wonder whether they come from other marketplaces like domainagents, afternic, ..some of them are.
    Flippers don't spend any money on domains, they try to connect buyers and sellers, and they "buy" domains for a very low price, but if they can't get money from actual buyers, they don't pay, and nothing can't be done about it, because Sedo doesn't give their IP or email.

    My top sale in life happened this way: Domain was parked at my own website, and I received a 5 figure offer at Sedo. I wonder, if domain was parked at Sedo, would I still get the same offer, or would I only see 1 percent of it.
     
  19. stub

    stub Top Member PRO VIP ★★★★★★★★★★

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    The services of Afternic and Sedo are comparable. the huge difference is Afternic includes GoDaddy, but Sedo not (because Afternic and Sedo are competitors of course). It makes a considerable difference. Personally, I think they both work in a cranky fashion. But Afternic less cranky than Sedo, IMHO. I get regular sales/inquiries from Afternic, and about 1 sale every 2 years on Sedo. So I basically didn't think it was worth continuing with Sedo. So I stopped (less admin). YMMV.
     
    Last edited: Sep 11, 2019
  20. topdom

    topdom Established Member

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    Just the opposite for me, many price requests, but not many offers or sales at Afternic; some offers, many of them lowball, at Sedo and some sales, but half of them don't get paid. In this case this may mean: Godaddy gets an inquiry and make an offer at Sedo to secure a domain, and then before paying, try to secure the money at the other end, and if they can't they just don't pay. Sedo should test this by making 1K offer at afternic, and see if it translates to 100 offer at their marketplace.

    Endusers are guilty in all this. They block fair negotiation by not contacting domain owners directly, or responding to outbound emails.
    Those who contact are domainers already, and don't pay much.
     
  21. stub

    stub Top Member PRO VIP ★★★★★★★★★★

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    @topdom - You can tell which offers are from domainers because they are almost always low-ball. I'm not saying that end-users don't low-ball too. I very much doubt that Afternic are bidding at Sedo, and not paying, officially. But I don't have to worry about such issues because I only use Afternic, and don't use Sedo too :) It seems this resolves that problem.
     
    Last edited: Sep 11, 2019
  22. stub

    stub Top Member PRO VIP ★★★★★★★★★★

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    Why am I talking about Afternic 25% commission, when it's only 20%.Just as a maths lesson...

    100% - 20% = 80% +25% = 100%

    So I'm adding 25% to the basic amount I want to receive in order to get to the Afternic Sales Price. (Sorry if this is teaching some of you to suck eggs)
     
    Last edited: Sep 11, 2019
  23. Domain Redux

    Domain Redux Invest. Inspire. Believe. Gold Account

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    That's a great approach; I've recently adopted this method. 👍🏻
     
  24. srisri24

    srisri24 Member VIP ★★★★★★★★★★

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    I am using Emperor Domains from some time. I use wordpress for it. I should say i have reasonable sales from there. Some times, clients ask me to list on Sedo or another place for sale during negotiations. Having your own market place helps for sure.
     
  25. Enerika

    Enerika Upgraded Member Blue Account

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    may I ask , as a "newbie (..YUCK!) ", which of the ready made sites you find to easier and more friendly for beginners?
     

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