Domain Broker? Commission only cold caller?

[TampaDomains]

I used the search and some stuff about domain brokers, many varying opinions.

Is there any brokers that would sell $300-$500 domains for 20% or whatever?

If this is not available then what is any ones opinion on hiring a commission only cold caller as independent contractor?

Local or maybe even outsource it to upwork or some other type company?

I am having decent success selling some domains but I don't cold call and don't like to. So after I use my methods and have a some domains accumulating, there must be a way to get someone on the phones and pay them.

I mostly have geo/business or business/geo type domains that easily sell for $350 or so.

 

[S-B]

Here's the thing... no halfway decent broker is going to spend multiple hours of his or her time for a potential $50-$100 commission. It's simply not worth it. Also, anyone who is willing to do that is likely not good enough to actually sell the domains otherwise they'd be selling 5-figure + names and making real money.

If you don't want to do the work or don't have the time... you'll never be successful in this industry.

Just my 2 cents.

 

[Kate]

Here's the thing... no halfway decent broker is going to spend multiple hours of his or her time for a potential $50-$100 commission. It's simply not worth it. Also, anyone who is willing to do that is likely not good enough to actually sell the domains otherwise they'd be selling 5-figure + names and making real money.

Completely true. However, you could find some $$$ domains in the Latonas/Clement newsletters.
Meaning that the domains would be listed passively and no proactive action would take place. But at least you get qualified eyeballs.

Why would it matter so much what domain I'm brokering.

So what's your point?

Brokers usually aren't shy about the domains they are brokering, especially if they are good...
If you want to contribute to this thread with the authority of a broker you should be able to back up your claims.

I see where Biggie is coming from.
In my opinion, an experienced broker already knows what Shane just explained. He will put no effort toward mid-$$$ domains.
PS: I am a broker too. And I am my own best client.

 

[obocar]

I'm thinking of a way to help domainers like you sell.

I will make a site to explain that business model. It's called DomainersNet.com

How it works is you send me the domain you want to sell and the price you want for the domain. If i think i can sell more than your wanted price, I will take on the name. Once the name gets sold, i'll pay you your wanted price and I'll keep what is left.

Domainers Net- if it sells, you get a flat net amount.

You don't even worry about the escrow fee or take more of your time from your girl friend just settle on the sales price. I will take care of all that.

How many you here are really interested.
If there is enough demand, then I'll start on the project.

 

[obocar]

I think this is an excellent idea. I would use that service.

One question, let's say you agree to pay 1000 and end user agrees to buy for 2000, how do you proceed ? Escrow with broker, or other method ?

Good question. The goal is to make it as simple as possible for me and the seller.

So, if we agree that you will net $1,000. Then, you will get $1,000 at the end of escrow.

Here are the steps. The end user agrees to buy it for $2,000.

I start escrow at escrow.com as your broker. You and the buyer will follow escrow.com procesure. Once escrow gets $2,000 from the buyer, it will subtract escrow fee. From what is left, it will send you $1,000. It will send it to me the remaining amount.
See how simple it is. You don'have to worry how much the buyer will buy it. And i don't have to ask you if you accept the price. I do all the work and make the call.

Any more question, please let me know.

 

[S-B]

You are cheap!

I've bought domains for 2-3x their actual value simply because I was the enduser. The business choses the domain, the domain doesn't chose the business.

 

[Recons.Com]

The only downside is that if you get a name for $500 and sell it for $5000, that will leave a very negative feel with your suppliers.

If you are going to go with fixed amount vs %, you still might want to consider giving % of upside above certain threshhold.

Meaning, if the fixed price is X, anything up to 2X is yours, anything above 2X you split with supplier.

 

[biggie]

Biggie, thanks for pointing that out. Lol

I'm open to all your suggestions and comments, whether you're an idiot or not.

ok, seeing your post below, i got a question...

As a broker, I see how much time involved to sell each domain. .

since nobody has asked, what domains have you brokered?

 

[biggie]

I'm working on one right now. Don't you agree it takes a lot of time? What's your experience?

it's not about me, it's about you

since you "claim" to be a broker or are alluding to that, then you should provide supporting evidence that you have experience and references.

newbies tend to take posters at face value and many fail to ask pertinent questions that could save them time, money and drama.

imo...

 

[equity78]

Completely true. However, you could find some $$$ domains in the Latonas/Clement newsletters.
Meaning that the domains would be listed passively and no proactive action would take place. But at least you get qualified eyeballs.

Brokers usually aren't shy about the domains they are brokering, especially if they are good...
If you want to contribute to this thread with the authority of a broker you should be able to back up your claims.

I see where Biggie is coming from.
In my opinion, an experienced broker already knows what Shane just explained. He will put no effort toward mid-$$$ domains.
PS: I am a broker too. And I am my own best client.

Not directed at any one specific person,

Exactly I have always looked at this as the opening to any domainer services conversation

1) What have you sold, Personally or commissioned broker ?
2) What do you own ?

If someone cannot answer immediately, then that is a BIG red flag. There are too many people who have actually accomplished things in the industry to deal with, "Well I can't say or they were all NDA's.

Now if you are new you got to start somewhere so be transparent and say this is my idea, it is unproven but I will work hard. Someone might take a chance with you.

 

[ivey]

I like the discussion... Keep the innovative ideas coming...

 

[infosec3]

I had announced recently here on NamePros the launch of a platform that will focus on brokering geo names, but that will also broker premium domains. The platform is already being built. I will fully explain the details when it starts operating, very very soon, but for now, here are a few details.

• You sign up for free and become a member right after confirming your email.
  
• You submit a maximum of 10 names per month with the minimum price you would accept. But we will try to get you a higher offer from end-users.
  
• We either accept or reject your domain.
• You give us 30 days to sell your domain.
• If the domain sells, you pay a 25% commission.
• Once we find a buyer, we start a three-party transaction through an escrow company.
• Escrow collects the money and directs you to transfer the domain.
• Escrow pays you and pays us.
• The buyer will pay the escrow fee.
  
• If your domain does not sell, you pay nothing.

We will work hard to sell your domains, because we only get paid if they sell.

See the name of the platform on my avatar.

 

[biggie]

Or I might include on the contract to ensure that the owner doesn't become last-minute greedy.

"The reason I as a seller seek Obocar to help sell my domain is because I'm 100 percent desperate to sell my domain. I need Obocar to work his butt off to help sell this domain, so he deserves to get paid on whatever the amount the domain sells over the agreed price. I will not whine and fuss no matter what price my domain sells for. I will be happy and thankful that he works hard to sell my domain.
Seller's signature:_____________."

What to you think?

professionally speaking.....

anybody who signs that, must be 100 percent desperate and 100 percent idiot.

brokers get a percentage of the sale, after the sale is completed, and that percentage is agreed upon, prior to.

imo...

 

[Recons.Com]

Or I might include on the contract to ensure that the owner doesn't become last-minute greedy.

"The reason I as a seller seek Obocar to help sell my domain is because I'm 100 percent desperate to sell my domain. I need Obocar to work his butt off to help sell this domain, so he deserves to get paid on whatever the amount the domain sells over the agreed price. I will not whine and fuss no matter what price my domain sells for. I will be happy and thankful that he works hard to sell my domain.
Seller's signature:_____________."

What to you think?

You did not get my point. It is not about seller backing off. I assume an honorable seller. The point is he/she will get disgruntled and feel unhappy. It would make sense to agree to share the upside.

 

[Recons.Com]

As a broker, I see how much time involved to sell each domain. Hence, most brokers only accept the names that will make them money. Such names would be great for percentage commission because it will be more than worth their time.

For ones that are less premium, I want to make it as quick and simple as possible. Make it worth the time spent.

But I see what you're saying.

You could do this. You pay X, X+$1000 you don't share, anything above X+$1000 you share. This will cover "less premiums" as you probably will not make more than $1000 delta.

 

[equity78]

Here's the thing... no halfway decent broker is going to spend multiple hours of his or her time for a potential $50-$100 commission. It's simply not worth it. Also, anyone who is willing to do that is likely not good enough to actually sell the domains otherwise they'd be selling 5-figure + names and making real money.

If you don't want to do the work or don't have the time... you'll never be successful in this industry.

Just my 2 cents.

Spot on, people keep trying to reinvent the sales wheel.

 

[Nattydomain]

How about sharing a video on the domains you sold OR how your approach to selling OUR domains will be?

 

[obocar]

Hi

Thanks for deciding to be "upfront". This is what people expect, when you make solicitations or submit proposals.

imo...

@obocar

1. DomainBrand is a great name to start the business with
2. Still hire someone for around $100-$200 to go over and edit text on your website, as it does require lots of improvements and corrections.

thank you for the input.
I having a copywriter doing that. First, he's waiting to for my video to come out, so i can work with him with the copy content, to make sure they it cohesive with the video and that there isn't too much overlap of content between the video and the copy.

The video is now done and i will be posting it soon.

Maybe you can help give me youf input.

 

[obocar]

I used the search and some stuff about domain brokers, many varying opinions.

Is there any brokers that would sell $300-$500 domains for 20% or whatever?

If this is not available then what is any ones opinion on hiring a commission only cold caller as independent contractor?

Local or maybe even outsource it to upwork or some other type company?

I am having decent success selling some domains but I don't cold call and don't like to. So after I use my methods and have a some domains accumulating, there must be a way to get someone on the phones and pay them.

I mostly have geo/business or business/geo type domains that easily sell for $350 or so.

What do you think of a broker who guarantee u a net amount if the domain sells. If it does, whatever is the overage is his commission.

 

[Asfas1000]

The only downside is that if you get a name for $500 and sell it for $5000, that will leave a very negative feel with your suppliers.

If you are going to go with fixed amount vs %, you still might want to consider giving % of upside above certain threshhold.

Meaning, if the fixed price is X, anything up to 2X is yours, anything above 2X you split with supplier.

This was one of concerns as well, and the reason I asked about how the sale would proceed, Escrow or otherwise.

If the sale price is much more than the seller's pay, some sellers would back off.

 

[rvo]

I'm thinking of a way to help domainers like you sell.

I will make a site to explain that business model. It's called DomainersNet.com

How it works is you send me the domain you want to sell and the price you want for the domain. If i think i can sell more than your wanted price, I will take on the name. Once the name gets sold, i'll pay you your wanted price and I'll keep what is left.

Domainers Net- if it sells, you get a flat net amount.

You don't even worry about the escrow fee or take more of your time from your girl friend just settle on the sales price. I will take care of all that.

How many you here are really interested.
If there is enough demand, then I'll start on the project.

This is a really cool idea. I would definitely use it, however most of my names are in Spanish -- but I'm planning on setting up my own marketplace at CompraDominio dot com for taking care of that. If you can move Spanish names that'd be a plus.

Thumbs up from me, would love to hear more from you and your project!

 

[obocar]

This was one of concerns as well, and the reason I asked about how the sale would proceed, Escrow or otherwise.

If the sale price is much more than the seller's pay, some sellers would back off.

Or I might include on the contract to ensure that the owner doesn't become last-minute greedy.

"The reason I as a seller seek Obocar to help sell my domain is because I'm 100 percent desperate to sell my domain. I need Obocar to work his butt off to help sell this domain, so he deserves to get paid on whatever the amount the domain sells over the agreed price. I will not whine and fuss no matter what price my domain sells for. I will be happy and thankful that he works hard to sell my domain.
Seller's signature:_____________."

What to you think?

 

[obocar]

This is a really cool idea. I would definitely use it, however most of my names are in Spanish -- but I'm planning on setting up my own marketplace at CompraDominio dot com for taking care of that. If you can move Spanish names that'd be a plus.

Thumbs up from me, would love to hear more from you and your project!

I'll test the concept out with English name first. If it proves to be successful, then I can move to spanish domains later on. I took Spanish for 4 years in high school. If I were to broker Spanish names, I would have to hire someone fluent in Spanish to help.

 

[Asfas1000]

Some thoughts...

1) You could buy the domain from the seller and then sell it to the end user, without him knowing the final price. But I guess that would need 2 escrow transactions.

2) What you are effectivey doing is getting a license to pitch a domain you don't own to prospective buyers, and hopefully later buy it from the owner and resell it for a profit.

 

[Asfas1000]

ou submit a maximum of 10 names per month

Smart

 

[obocar]

I already have few people emailing me their domains and asked if I have started this brokering yet. I am consider it strongly for this idea.

As of now, I'm working on brokering premium domain names, which are worth $50,000 or higher and my commission is 15 percent on those types of names.

However, I feel there is a high demand for the lower priced domains. So, I'm strongly considering Domainers Net model, where the seller receive a fixed net amount from the sales of the domain.

So there are two types of domains that I will be selling.

1. the premium ones based on a percentage commission

2. the non-premium domains where the domain owners receive a net amount