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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. KRajmys

    KRajmys Established Member

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    @YairDD end user price should be 1500$+.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. MapleDots

    MapleDots Account Closed (Requested) VIP

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    I think you might be missing a key part here namely the word "portfolio".

    I think 5 domains really does not qualify as a portfolio, unless maybe it's something extremely good or rare.
     
    Last edited: May 30, 2019
  3. MapleDots

    MapleDots Account Closed (Requested) VIP

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    So if I took away estibot and godaddy appraisal tools, how did you come you come to your evaluation?

    For a relatively new member, and someone who admitted he is doing this as a hobby, what makes you feel you are qualified to handout domain appraisals?

    Care to share how you you came to your evaluation?
     
  4. KRajmys

    KRajmys Established Member

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    My evaluation was based on the prices quoted by estibot & godaddy tools, similar names have been sold at 1000$ range to end users as per godaddy appraisal.

    Estibot does not value a domain good enough unless it has strong search volume. Again as I said Im not much into this niche but the prices I quoted for reseller and end user are pretty fair I believe.
     
  5. YairDD

    YairDD Top Contributor VIP

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    You should never look at appraisal tools for a real appraisal. IMO
     
  6. KRajmys

    KRajmys Established Member

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    I would agree though, also I am not into this niche so my figures maybe high or low.
     
  7. MapleDots

    MapleDots Account Closed (Requested) VIP

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    I would begin exactly in the way you did above and say I am not into that niche. Then I would refrain from giving a value on a domain I know nothing about. Pretty simple when you think about it.
     
    Last edited: May 30, 2019
  8. KRajmys

    KRajmys Established Member

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    I just told my price opinion, off-course no name has fixed price and the price varies from person to person.
    If you do not want to quote a price, thats upto you. Its only because @YairDD asked us to value the name, I did it. Simple as that.
     
    Last edited: May 30, 2019
  9. MapleDots

    MapleDots Account Closed (Requested) VIP

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    Well you know what Clint Eastwood said about opinions (google it)

    The trick is to listen and learn before trying to share non existent knowledge on a subject.
    Spend more time in some of @Eric Lyon appraisal topics and learn for a while. Read, respond and contribute there to build up your experience before to try to advise someone simply based on opinion an a quick search of appraisal tools.

    There are a lot of factors that go into a proper appraisal and Erik has some great topics where you can learn how to contribute in appraisal topics.
     
  10. KRajmys

    KRajmys Established Member

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    Why dont you value the name as per your knowledge, rather trying to advice someone else.
    Feel free to value it and let us know how did u come up with such a value?
     
  11. MapleDots

    MapleDots Account Closed (Requested) VIP

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    Hence your problem, I already answered that :xf.rolleyes:
     
  12. wwwweb

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

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    You have to understand Uniregistry is a business, not a charity. I understand you might have felt lowballed, or whatever, but a large majority of domains are not very liquid, they are simply a gamble.
    With all due respect I think Tony nailed it, this is exactly the game plan, as any serious buyer knows the money is made on the buy. To cherry pick the best names, and dilute the cost into a portfolio, and take the best names, and get whatever you can for the garbage nobody wants to renew, but some people might take a chance on could be it.

    Essentially Frank’s portfolio has matured, and is selling thru well, they are trying to find ways to replace that inventory as price effective as possible. Most likely because there are way to many lemmings overpaying in the aftermarkets.
     
  13. karmaco

    karmaco Top Contributor VIP

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    I submitted part of my portfolio. Will be watching this thread for any updates on others experiences.
     
  14. sholiviks

    sholiviks Established Member

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    I have been following this thread for the past 3 days. I normally don't post comment on this site. I stay by the sideline and learn from experienced domainers. However, after reading KRajmys' comments, I just cannot resist rebutting some of the false narratives and negative statements he made about Frank Shillings. I'm not here to defend Frank. His good track record in the domain industry over the past 20 years speaks volume.

    A little about me. I retired from the corporate world about 2 years ago. Before that, I was an executive at an engineering firm here in Washington DC. I also taught computer science at a state college back in the early 90s. So, I do not have the level of experience most of you have. I learned from past sales experience and also follow multiple blog sites to learn about how domain investing works. I see myself as an accidental domainer. In any case, I've been buying and selling domains since 2005.

    With that as a backdrop, I want to share my direct experience with Frank. I've not personally met him in person. However, based on my business experience with him, I would say that Frank is the most honest person I've ever done business with in my entire life. He is a person of integrity. Unlike some of the other wealthy people in the domain industry, Frank, in my opinion, is a humble and trustworthy person with integrity, as I will show you from my experience of doing business with him. Frank is also the opposite of some of the so-called "sherpas" who blow their trumpets and bloviate about their "success" and domain sales on social media.

    Here is my story:
    I sold my portfolio to Frank Shilling last year. Before that, I reached out to a couple of big names in the industry and I received multiple offers, varying from buyers offering me higher average price per domain for a portion of the portfolio to a payment plan and monthly payment until the portfolio sells. None of these offers met my need as I needed the lump sum to bootstrap a project.

    Then one evening, I was talking to a broker friend of mine about the offers I received. He later offered to help and pitch the portfolio to Frank. I honestly wasn't expecting anything to come out of it as I later received another promising offer. At any rate, about 2 weeks later I heard back from my broker friend and told me Frank was interested in buying the portfolio. After a couple of back and forth negotiations, we agreed on a price that I was happy with. Even though the price was a bit lower than what I initially received from other buyers that wanted to cherry pick from my portfolio, I was very happy with the outcome of the sale. I was able to use the proceed to jump start my new project which I wouldn't have been able to do without selling the portfolio. I'm forever grateful to Frank.

    Now, here is the most important thing about my portfolio sale. The payment for the portfolio sale was based on trust - the old fashion way. He gave me a choice to either wire the money directly to me or use escrow service. Again, based on his reputation I alluded to in my opening paragraph, I opted for wire transfer. Frank later wired the money to my bank account without any issue. Again, he kept his promise. Here is why this matters, you know a person by not just how they treat their own relatives but by how they treat other people they don't know. Frank has never met me in person. He treated me better than how an most people would have treated me.

    Save the best for last.
    Here is the best part of the story. After I sold the portfolio to Frank, remember what I said above about not really hoping for a sale? It turned out that I left 3 of the domains (.net. .org and .co) I needed as redirects in the portfolio I sold to Frank. So I went back to my broker friend and asked if Frank could sell those 3 domains back to me. I was surprised Frank said yes. He gave the 3 domains back to me not at an end user price but for less than $100.

    Again, this is my first-hand experience with Frank. Others may say whatever they want. In my world, and in the world of other people he has touched, Frank is a great person with integrity and trust. Thank you all for your time.
     
    Last edited: May 30, 2019
  15. wwwweb

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

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    Nice write up, much appreciated.

    Without asking you to name names, what was the size of your portfolio, and selling price if you don’t mind sharing?
     
  16. Ategy

    Ategy NameCult.com VIP Gold Account

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    @YairDD .. Could you please enlighten us with some of the details.
    1- How many domains did you submit?
    2- Did they only make an offer for a single domain or for all of them?
    3- What sort of price range was it?
    4- What sort of details/instructions on how to proceed were you given?

    Both retailer and end user pricing for a 2 word domain like this can range quite a bit .. and in the end, it really doesn't matter what the rest of us value it at .. it's more about what they value it at. Most importantly it's essential to remember that a portfolio price is more about a global feeling for an average of all the domains.

    That being said, I'd say typical USABLE 2-word brandables ideally retail anywhere from 2,000 to 10,000 with most in the lower 2500-5000 range. While TitaniumGlass does sound cool .. the two words don't intrinsically go together. While the brandable side equates "titanium" to strong, some people might be confused thinking it's a keyword and that somehow the website owner has found a way to fuse Titanium to Glass (which would make TitaniumGlass a keyword .. and in this specific case I'd say it would be more valuable if indeed that made the product superior)

    Note that I said USABLE because most of the 2-word domains discussed at NamePros are garbage and would not sell at any price (many I wouldn't even bother taking for free). On the flip side, there most definitely are very strong 2-word brandables that could go higher into the 5-figures .. but this discussion is about average liquid pricing of typical portfolios, so not much point in discussing the exceptions.

    I think it would really be helpful in ending useless blind speculation if you shared some of the details.
     
  17. YairDD

    YairDD Top Contributor VIP

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    Sure, I don't mind sharing.

    1. I have submitted 6 domains.
    2. They made an offer for only 1 domain and I've received a reply a few hours after submitting the names.
    3. They offered me $300 for TitaniumGlass which I declined. I would totally sell it to them if the price was around 500. they said they have a buyer for $300 and it is not negotiable.
    4. They just told me "We have a $300 buyer for titaniumglass" asked if it's negotiable, said it isn't, I passed.

    Also, If anyone gets an offer for a domain they have, I would and I'm sure everyone else would love to know all of the details.

    Thanks!
     
    Last edited: May 30, 2019
  18. Ategy

    Ategy NameCult.com VIP Gold Account

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    Not the first time I've heard similar things about @Frank Schilling.

    On my end I've personally tried contacting him twice. Once a couple of years ago when I started domaining to thank him for participation with Domain Sherpa. Then again not too long afterwards as I had some feedback (suggestions and minor technical issues from what I recall) to give on my potential use of Uniregistry. I didn't get a reply to either communication, but both communications didn't really require feedback.

    That being said .. i still am grateful to him, as when I started domaining in late 2016, he was one of the core regulars at Domain Sherpa. While walking my dog (SteamieTheHotDog.com) I've re-listened to all the shows at least 3-4 times now. So he's been in my ear a good 100 hours. While it doesn't compare at all to meeting someone in person or communicating with them directly .. the extended nature of Domain Sherpa with all the side-stories and side-banter do start paint a picture of a person's personality and character .. and from those I would definitely say that Frank is the type of person I would trust and more importantly have a drink with. For those who haven't, I definitely suggest going back and listening to some of those older shows. To this day I'm still very appreciative to @Frank Schilling, @Michael Cyger, @Domain Shane and Drew (@MediaOptions) for all the time at @DomainSherpa .. as well as to all the other Sherpas who shared their time there. I often joke and say that given the MANY hundreds of hours I've spent listening to them, that even if those guys are not much older than I am, they still feel like long lost Uncles who gave me advice as I was learning something new. :)
     
    Last edited: May 30, 2019
  19. Ategy

    Ategy NameCult.com VIP Gold Account

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    Hmmmn .. so this is COMPLETELY different from what I was expecting.

    I thought they were going to come back with a price for all the domains submitted.

    That being said .. unless "Titanium Glass" has more meaning behind it than just a nice sounding brandable, then I think $300 is a very fair wholesale offer. With all the negative talk I was expecting a far lower number, although I was also expecting a "portfolio" offer.

    For time management purposes I've been meaning to seriously trim my portfolio from about 2000 domains down to about 1000 domains. I have NameJet approval, but not sure if I actually had the time to list everything one by one. On the other hand, domaining has been going well for me, and the other alternative is that I actually buy more domains and grow this to the point where I could hopefully start domaining full time!

    I have mixed feelings about this in that I was looking forward to a "portfolio offer" for ALL of the domains submitted .. but at the same time I'm encouraged in that I think $300 for TitaniumGlass was a fair wholesale offer.

    I think the really big question is .. @YairDD .. what were the other 5 domains they didn't make an offer on? That likely would say more about this process than anything else.
     
    Last edited: May 30, 2019
  20. YairDD

    YairDD Top Contributor VIP

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    I'm not sure I agree with that $300 is a fair wholesale offer but it is indeed more than I thought they will offer after reading the comments in this thread... $500 is fair imo, and that I would also accept.

    These are the names I submitted:
    EthExchange in King
    BitcoinSwap in King
    TitaniumGlass in King
    Waiver//org
    Sunsites in King
    NeoCons in King


    [​IMG]
     
  21. Ategy

    Ategy NameCult.com VIP Gold Account

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    When talking brandables with very subjective values, it's a VERY positive sign when the two sides are so close ($200 might not seem close .. but 40% <> 67% really is).

    Also .. thanks for sharing the other domains .. it really says A LOT. They most certainly aren't horrible domains, but the one they chose most definitely is the one I would pick.

    Given the average quality of domain of the TYPICAL NamePros member with few to no sales .. I think most are going to be disappointed as very few if any of their domains will likely be chosen (IMPORTANT to remember that I'm making this analysis based on a very VERY small data set).

    All that said .. I'm very much looking forward to getting more data and information .. and I'm still a little disappointed that it's not really a "portfolio" offer.

    @YairDD .. was there any other information given? Was $300usd the price in your pocket after commission? Did you need to pay to first transfer the domain to Uniregistry? Or anything else?

    When did you submit your names?


    Thanks again for sharing your details! :)
     
    Last edited: May 30, 2019
  22. YairDD

    YairDD Top Contributor VIP

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    You would really pick that one out of all of them? is it because it is probably the cheapest one of all? because EthExchange for example, I wouldn't accept anything below $5k, BitcoinSwap nothing under $3k and the other would prob be near the thousand dollars.

    I received a response around 4 hours after submitting the names. I didn't get any information regarding the whole transferring process.

    This was the conversation:

    Them: "We have a $300 buyer for titanium glass"
    Me: "Is it negotiable?"
    Them: "Not for this one"
     
    Last edited: May 30, 2019
  23. KRajmys

    KRajmys Established Member

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    I will have to accept that was a fair offer from Uni/Franc team at a reseller price for the mentioned domain.
    Surely this is not a portfolio buy, rather its a Cherry Pick Liquidation Sale.
     
    Last edited: May 30, 2019
  24. tonyk2000

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

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    This is very interesting. So it appears that I was wrong guessing that they'll take (or reject) domains as portfolios only. Thank you for sharing!

    It however opens an opportunity to those who like/liked to "almost" allow domains to expire just to watch pre-release bids (and renew domains with bids). What if they start submitting portfolios to Frank just to receive a free appraisal - what is "good" and how much $$$.

    As for titanium glass - yes, imho $300 is a fair wholesale price. In sense that - should it expire - it would likely be sold for less as pre-release (or, if unsold - then grabbed by hugedomains).
     
    Last edited: May 30, 2019
  25. namemarket

    namemarket Top Contributor VIP ★★★★★★★★★★

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    IMO, unless I am missing something, $300 was a good offer from Frank, which I would have taken. The 2 words do not work well together. How can Glass have Titanium strength or is it a newly discovered type of glass which would make it valued higher than $300..
     
    Last edited: May 30, 2019

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