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Frank Schilling - Uni - Uniregistry Announces Domain Liquidity

Located in Domain Marketplace Reviews, started by Vito, May 27, 2019

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  1. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    It also depends on if they are going to be making 200 or 300 plus domain purchases at once, that's not happening here, so if they can provide a quick and easy solution that could be a help. To be fair I believe they need to provide more info on the subject. Like if people spam us or send names they don't own they will be banned.

    Here was a good back and forth on Twitter

    https://twitter.com/PaulENicks/status/1133501931173896193
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. KRajmys

    KRajmys Established Member

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    We = all those who support me.
     
  3. jberryhill

    jberryhill Top Member John Berryhill, Ph.d., Esq. PRO VIP ★★★★★★★★★★

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    The truth is that you are a liar.

    You think it is okay to lie to other people in order to waste their time. Because that is what you have done by representing yourself as the owner of domains you are pretending to be interested in selling.

    You seem offended by the fact that someone has offered to look at domain portfolios and potentially make offers to buy them.

    So, in your mind, that makes it okay to lie and waste the time of other people who are getting paid to do their jobs.

    You just explained to everyone here that you and your friends agreed to tell a lie, and then you go on about "THE Truth"?

    That's just plain funny.
     
  4. End Game

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

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    I also see this offer by Frank as a waste of time. Whatever price a portfolio owner gets by selling their entire portfolio at a wholesale price, they could get many times higher on godaddy auction...putting up each domain individually. They are just mining for that 1 out of 1000 domain that you don't know it has higher value. Just remember, they promoted GTLD's as great bargains...that are worthless today.
     
  5. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Agreed but most people don't want to do that, they don't want to spend the time to list 500 names, pay 500 commissions. There needs to be some more information from Uniregistry that delves deeper into what they want and will offer.
     
  6. KRajmys

    KRajmys Established Member

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    All that Uniregistry wants is Good names at peanut price.
    I am sure they will reject 98+% submitted names.
     
  7. End Game

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

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    Well yeah, they should just sell their portfolio to Frank or someone else and never look back. I'll never trust someone that promotes GTLD's as great domains, knowing they will be worthless with time. Either he knew, or he is not as smart as some think.:)
     
  8. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    We live in a free democracy, you as the seller always have the right to say no.

    There are plenty of big domainers who use fake emails, and aliases to spam good keyword owners with lowball offers.

    Uniregistry is just presenting an opportunity if you choose to accept, you are not locked into anything, simply an option. Of course they can’t pay fair market value, as the name could take 10 years to sell, or never sell, so they probaly have a calculation for that.

    Don’t take it so personally, you are just getting yourself backed in a corner, as I understand the broader point you are making. I mean you have Uniregistry’s legal counsel replying to your comments, you made your point, but see the other side of it, nobody is forcing anyone to accept. Sometimes there are more willing sellers who just want out, you may not be that person today, but in 10 years you may have a lot else going on, and not want to manage your portfolio, and just want out.

    Kind of like what Mike Berkens did, I’m guessing he was around 60, didn’t want to sit by the computer answering hundreds of low ballers daily, took a lump sum, and now is able to travel, and enjoy his life.
     
    Last edited: May 29, 2019
  9. tonyk2000

    tonyk2000 Top Contributor VIP ★★★★★★★★★★

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    Must be one of marketing experiments... recently there were a lot @ Uni. Promoting .xyz, increasing prices on their own new gtld strings (and losing godaddy as the selling registrar as the result), introducing "domain perks" - removing previously offered bulk pricing, etc. Why? It seems there are frequent staff changes. Good or bad - we would never know. But they are generating fresh ideas at least...

    Nothing illegal with the offer in question. I guess that they will indeed analyse received portfolios, and, if there is something interesting inside - then they will offer to purchase the whole portfolio . They should not inform customers what exactly they liked (would be a free appraisal). And, no doubts, they will not pay a lot. So I'm honestly unsure will this experiment work for Uni, or for the sellers.
     
  10. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    What do you want Taryn to do, Godaddy took all his NameJet inventory :xf.frown:
     
  11. jberryhill

    jberryhill Top Member John Berryhill, Ph.d., Esq. PRO VIP ★★★★★★★★★★

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    What have I been dishonest about?

    You are the one who said that you and your friends have lied about wanting to sell domain names, or that the domain names are yours in the first place.

    And you are the one who chose to share that information about yourself with everyone here.
     
  12. droned

    droned Established Member

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    I d like to know does FS owns any hyphenated domains?
     
  13. End Game

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

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    It's a win/win for them too. They get to look at multi portfolio's with zero obligation to buy any of them. If they see something of good value, they will make an offer to get it. I'm just not excited about it at all myself. Just another marketing/mining scheme.
     
  14. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    There really needs to be more information about this to make any real conclusions in my view.

    Many large domain investors will buy portfolios of domains @ wholesale prices. It is not that unique really.
    It just depends on what type of prices they are willing to offer.

    Most people with solid to good domains tend to make sales.

    It seems like it makes sense business wise, but they might just end up getting flooded with crap domains to sort through. It could be a major resource drain for them instead of a buying opportunity.

    Brad
     
  15. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    That's what I have been saying Brad, more info is needed to properly assess if the juice is worth the squeeze.

    They are going to get spammed out the window, I mean the poor person that needs to read the email,

    Hello Frank,

    I own 2000 .sexy names, I think you own that string, well I would be happy to sell my meticulously chosen, one by one portfolio for $200,000. Tell me where I send my banking info.

    Thanks Iam.Sexy
     
  16. xynames

    xynames XYNames.com PRO VIP

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    It's not that hard. I get portfolios sent to me for brokerage or outright sale consideration regularly, doesn't take so very long to analyze.

    Scroll down the list, becomes clear quite quickly what quality they are.

    I always respond though with at least a Thank you for thinking of us type email, that part takes a small bit of time.
     
    Last edited: May 29, 2019
  17. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Frank added a comment yesterday at the Uniregistry Blog to the initial post. Many probably did not see.

    Frank Schilling wrote:

    This is a beta product which Uniregistry has developed to allow our buyer-pool to purchase investment quality names at wholesale clearing-house prices. Using our service, we expect sellers to be able to gain liquidity quickly without paying auction house purchase or sales premiums.

    If you are a buyer who wishes to be included in the distribution of this list, please email: [email protected] indicating that you want to be a part of our seller distribution list. We will follow up with each individual submission to determine if you qualify for the program.
     
  18. Ategy

    Ategy NameCult.com TheDomainSocial.com VIP Gold Account

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    I have 4 very important points to make for everyone posting negatively on this:

    1- Lack of Information.
    There isn't enough information given by Uni to judge either way whether this is something to be seen as good or not (or at least in the eyes of the average NamePros domainer). What really constantly frustrates me about this industry is the number of people who rush to make judgement without sufficient data nor being fully informed.

    The only fact here is that until we see some more information and hard data, any assumptions and judgements are completely unfounded and just go to show how some people like to spread their opinions in pure ignorance. That being said .. there here are more important FACTS that actually SHOULD be part of the discussion:


    2- Portfolio sales are NOT intended for everyone.
    If you follow my daily blog and lists of domains at auction, it's no secret that I've had a very stressful couple of years. Health issues (myself, my mom and my dog), condo flooding, and more in context, a business that suffered a big loss because of the death of an overseas middleman at a crucial moment right before payment. I had just started domaining then, and thankfully it's (retail) domaining that had actually saved me on a financial level. But this sort of portfolio acquisition service most certainly could be helpful for people who are going through hardships .. both on the financial level .. but also on a personal level. Domaining takes time and effort .. imagine if your significant other suddenly get diagnosed with cancer and the extra time you had to devote to domaining suddenly disappears. While this obviously is not the ideal solution .. it has the potential to be a REAL solution to the alternative of letting your portfolio expire.

    Similarly .. if YOU pass away .. ask yourself .. do the people who will inherit your estate have any clue what to do with your portfolio? Again .. while this would certainly not give anyone optimal retail pricing, it still is a better alternative to nothing ... and more importantly, is one of hopefully many portfolio liquidation solutions which together with more competition could bring fairer pricing to liquidations.

    It seems that what some here should be more angry about is not that Uni/Frank is the first to do this as an official "service" (for lack of a better word) in the context of a large marketplace, but instead you should be frustrated with the fact that there are not actually MORE big players who are doing this.

    Imagine if Huge Domains, Afternic and a handful of other big marketplaces were doing this .. combine that with more awareness/aggressiveness of individual domainer investor portfolio acquirers .. then all of a sudden there could potentially be REAL liquid pricing on our portfolios. It's all about having MORE options .. not fewer! Anybody who is against this clearly has no clue about how economics works!

    Most importantly, if you have the time to manage your leads and portfolio and are running a profitable domaining business .. then unless they have amazing buyers and will be paying very generous wholesale pricing, then this program is not for you, and by trashing this program and submitting false portfolios, you are just hurting others who it could truly help and benefit.


    3- Frank's / Uni's wholesale purchase price threshold is NOT the same as ours.
    With his sales staff and infrastructure and Uni marketplace, @Frank Schilling can afford to buy domains at higher prices than the average domainer and still make a profit. For those of us who invest time to find great wholesale bargains, this could be a profitable sales channel. And while I'd definitely agree that the prices would be far lower than retail prices, in this case volume COULD most certainly compensate ... again though .. it really depends on the actual data of what they end up buying and at what prices.

    Anyone speculating about purchase pricing without any hard data is not only doing a disservice to all of us .. but you're also showing how truly nonobjective you are and your opinion on this matter is less than worthless, as the ONLY thing it is accomplishing is damaging our industry by attacking one of many channels to hopefully bring in more competition on the wholesale acquisition side.

    If you want to look for a really bad business model for the average domainer in the domain industry, look at the BrandBucket model where they actually ask us to PAY THEM to give them EXCLUSIVE rights with giant commissions on our domains in their overwhelmingly oversized portfolios. While this could work for a few, overall I personally think that model is very very bad for the average domainer. I could go on, but I don't want to take this off-topic.


    4- Supply and Demand
    While I've touched at this a few times above .. some of you need to inform yourselves on the very foundational principle of supply and demand! Seriously .. it's a very basic fact that as the number of people and businesses who want our domains goes up .. the higher our domains go up in value! This is a very basic economic FACT! It applies from wholesale through to retail levels. So while Uni/Frank might or might not offer us good or even fair pricing, it's still one more little bit of upwards pressure on the overall value of our domains. The added bonus here is that if it actually does take off .. then there will most certainly be other big players looking to copy their playbook, which could have the potential of actually pushing wholesale pricing on our domains upwards .. and in turn be one part of a real move toward ACTUAL wholesale liquidity.
     
  19. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    And as I just posted it won't just be Frank buying, you can actually apply to become a buyer.

    This is a beta product which Uniregistry has developed to allow our buyer-pool to purchase investment quality names at wholesale clearing-house prices. Using our service, we expect sellers to be able to gain liquidity quickly without paying auction house purchase or sales premiums.

    If you are a buyer who wishes to be included in the distribution of this list, please email: [email protected] indicating that you want to be a part of our seller distribution list. We will follow up with each individual submission to determine if you qualify for the program.
     
  20. Recons.Com

    Recons.Com Top Contributor VIP

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    As a buyer, FS and others are not interested in over-inflating prices at auctions etc.

    When they offer a deal on a portfolio where an owner or his heirs are truly exiting, this won't affect things and is great for everyone.

    But if it is a domain investor selling his portfolio, because he believes that if he makes 20% to 100% profit and doesn't value his efforts/time much, then that guy will come with extra cash and be competing "at the source" driving prices up for everyone.
     
  21. hookbox

    hookbox Top Contributor VIP

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    UniPawn.com is available. Perfect name for a Uniregistry service that will pay you pennies on the dollar. 😂😂😂
     
  22. lambo.com

    lambo.com GAX.com VIP Gold Account

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    We are fortunate to have had Frank S. build Uni, especially to the benefit of all who walk through their door and have quality.

    I have 0 domains @Uniregistry but their suite of services and building of the aftermarket space itself is to the benefit of our micro industry and all who do and endeavor to climb the ladder to 'success'
     
    Last edited: May 29, 2019
  23. KRajmys

    KRajmys Established Member

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    If we anyone can buy from the liquidation sale, thats a amazing thing.
    I think there was lack of information, rules and other terms in regards to this liquidation sale.
     
  24. End Game

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

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    Read the last sentence. They not only get a look at seller’s portfolio, but potential buyers in the market. I’m glad some see the glass half full. I see it as a bankruptcy or forced margin sale, if they buy a portfolio. “We will follow up with each individual submission to determine if you qualify for the program.”
     
  25. KRajmys

    KRajmys Established Member

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    I think we should debate on this after seeing the outcome, results of this liquidation sale and how it helped domainers. I am curious to know if they pick only the good names from the portfolio, or if they purchase the entire portfolio. We all have so many unanswered questions on this sale.

    Lets better wait n watch how it goes through and its outcome.
     

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