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Frank Schilling - Uni - Uniregistry Announces Domain Liquidity

Labeled as domains in Domain Industry News started by Vito, May 27, 2019.

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252
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15,337

  1. BrandCougar

    BrandCougar Upgraded Member Gold Account VIP

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    Hi @Ategy.com -

    I agree - it's a stretch. (a few too many cups of coffee this morning)

    My thought process was reflecting on the following dynamic - What percentage of individuals who go into a Pawn Shop and say "yes, I'd like a loan on my collectible item" ever return to reclaim the item?

    Sadly, I am betting it's lower than we would anticipate - probably closer to only 50% that ever return reclaim their merchandise versus the hopeful 90% that originally thought they would, but never had the cash to do so when the loan was due.

    I do agree - it is a stretch - but I do wonder what the Reclaim Rate would be with such a model?

    Thanks for your comment. I don't disagree with your point that it's a bit "out there" as an idea, but thought I'd toss it out there to gauge reaction to the concept as a discussion point. :xf.smile:

    -Cougar
     
    Last edited: Jun 8, 2019
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  2. droned

    droned Established Member

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    I just wonder anybody sold any domain to FS?
    😞
     
  3. equity78

    equity78 Top Member ✔ TLDInvestors.com ✔ TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    I would much rather take the time to auction a bunch of names if unable to make a full portfolio sale, pawn companies in domain names have been around before nothing new there. Lend.me which now not propagating, DigiPawn now a parked page, Lendvo.com.

    As someone mentioned people are paying more than what people think domains are worth at auction, why sell to a cherry picker? It's not the same as selling your full portfolio.

    Pawn shop facts

    Eighty-five percent of pawn shop customers eventually reclaim the item they pawned, according to the National Pawnbrokers Association. Compare that to payday loans, where one-third of borrowers default within six months of taking out their first loan, according to a study by the Center for Responsible Lending.

    Source https://www.cheatsheet.com/money-career/secrets-you-dont-know-about-pawn-shops.html/
     
  4. imadoer

    imadoer Top Member PRO VIP

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    My experience

    The first batch he gave me prices on every name. sold a few..still waiting on payment. :xf.frown:

    The next batch he cherry picked the names he liked and lowballed me for the lot. :xf.frown:

    Not submitting more names
     
  5. hui2000

    hui2000 Established Member

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    How long was this taking you to get a reply from Uni?
     
  6. imadoer

    imadoer Top Member PRO VIP

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    First list right away. But I was one of the first people to send to him.

    I sent like 4 more lists no reply.

    Then i sent him a message in the same email where he bought my first names from sent a new list he selected what he wanted. I told him just on the one name alone i wouldnt accept it on the price of the lot
     
  7. Ategy.com

    Ategy.com NameCult.com Gold Account VIP

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    1- How many names did you submit in each batch?
    2- Were you relatively happy with the prices on the first batch?
    3- Were the domains in your first batch of better quality than the other batches? (Are you willing to share the names?)
    4- You said "He" .. Was Frank buying your names for his own portfolio personally? Or could it have been for other buyers?
     
  8. MapleDots

    MapleDots Domain Properties 2010 - 2019 VIP

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    Not directing this comment at any member but....

    Can you just imagine all the junk Frank and Uni is getting.
    It would be horrendous with all the amateur domainers sending their lists.

    That said, unless they are thinking about retirement (or maybe testing uni) I cannot see an established domainer seriously submitting their portfolio.

    And lets face it.... they are looking for really good portfolios from established domainers, they are not looking for most of the junk they are getting.
     
  9. imadoer

    imadoer Top Member PRO VIP

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    I respect what you for the community with your daily lists. So I will answer all your questions. But guys I don't have time right now to answer any others

    First batch 12
    Happy with prices?? Not on every name i found 4 prices to be fair

    Second batch contained more names and better names

    Frank was buying. Idk if he was buying for others.

    I gotta run I can't anything else right now any other questions will have to be delayed until later tonight or tomorrow
     
  10. YairDD

    YairDD Established Member

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    What were the names & how much did he offer if you don't mind me asking?
     
  11. KRajmys

    KRajmys Established Member

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    Stop wasting your time on this. Move on.
    For sure it is Cherry Pick Liquidation sale.
     
  12. This is not a waste of time at all if some domainers here are actually selling some of their domains to Uni/Frank.
    Nobody is twisting anybody's arm to take the money offered to them for their domain names.
     
  13. DomainsMaven

    DomainsMaven Established Member

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    You just wasting your time my friend. Does not make you look smart. Why even bother?
     
  14. imadoer

    imadoer Top Member PRO VIP

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    What I will say, I'm very disturbed with giving authcodes out first Uni completes the transfer. I ask for paypal payout and they dont send mass pay or friends and family. I had to eat the fees. I contacted heidi that handles the transfers I sent her 4 emails asking if I can refund and can they resend the payment another way. No response for 2 days.:unsure: I'm pissed had I known I had to pay the fees at the prices he offered i wouldn't have accepted the deal.
     
  15. Sorry to hear that fee soured your deal a bit.

    What was the percentage taken out for the fees?
     
  16. imadoer

    imadoer Top Member PRO VIP

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    6%

    I know its not a lot but when your accepting wholesale prices on your names and think your getting a certain number you should get that number

    If i was the buyer and i got the names first theres no way i wouldnt send mass pay or friends and family
     
    Last edited: Jun 13, 2019
  17. Thank you for sharing.

    It is all relative. That 6% could be a deal breaker for someone especially if you might be selling at your lowest price point. It is very nice to know all charges going into all transactions.
     
  18. hui2000

    hui2000 Established Member

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    Any more updates on who has sold or gotten a reply?
     
  19. End Game

    End Game Established Member ★★★★★★★★★★

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    Bottom line, from the start I was never excited about Frank's proposal. It just seemed like a marketing ploy to get a look at potential buyers and sellers list, with no obligation to either. I'm still hoping to be proven wrong, but not looking good so far.
     
  20. Windoms

    Windoms Established Member

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    Yes but in the end it still benefited some people who sold their domains.
    He made a genius move to acquire a lot of quality domain names for xxx$.
    He didn't have to wait after GD expired auctions or namejet or dropcatch or wtv lol.
    It's a brilliant move by him and his group of investors.
     
  21. End Game

    End Game Established Member ★★★★★★★★★★

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    Agree, a no lose for him. Domainers...just a blip.
     
  22. JudgeMind

    JudgeMind Top Member PRO VIP Trusted Contest Holder

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    I will use uni once they add more payment options for sellers. Bitcoin/Crypto and payoneer
     
  23. KillerName

    KillerName Upgraded Member Gold Account

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    Did you receive the reply from Frank or uniregistry staff ?
     
  24. platey

    platey Top Member VIP

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    Mind you there are some domain name investors who are just happy to make a sale or two which adds liquidity to their portfolio but the only way we will see if it is worth it is if someone starts a thread on here separate to or as well as that lists the domain submitted to uni, the name the price uni paid and cost of fees etc which will show others the quality of the domain names bought the prices of I'd plus net fees etc that way other domain name investors can make a balanced decision as to whether it's for them
     
  25. Rory Ivey

    Rory Ivey Top Member VIP

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    Integrity is very important for sure in any industry and in life and I admire him giving you back the 3 names for under $100.

    However, I assume any serious company would pay you the agreed price.

    The main statement you made was this: "Even though the price was a bit lower than what I initially received from other buyers that wanted to cherry pick from my portfolio,"

    How are you complaining about cherry picking when you said they offered you more money than frank?
    So you are in essence saying the other buys offered you more money while leaving you with more names to sell and make more money. Correct me if i'm wrong?

    Is someone supposed to get a prize for paying you what they promised?
    I think everyone here believed they would pay the money. The real question for everyone was the price they would receive. And you didn't make any case for that.

    Because the other buyers offered you more money, so you would still be able to bootstrap your startup and have more than three names left to use or sell to further develop and market your startup.

    So the only thing that stands out here is that he gave you back three names for cheap. Maybe the one name name wasn't a killer. and thus the net is meaningless... assuming that could be possible. Because I'm sure he's not giving you back book.com for under $100. But even if the name was good...This is still the only standout takeaway i got from the read.

    Offering escrow , which also offers options for wire is a standard in the industry and not something unique to frank???????? Am i missing something.

    To conclude: I respect prank and have nothing against him either. But him paying you less, and using escrow or wire is not something to hype about.
     
    Last edited: Jun 26, 2019 at 11:43 AM

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