NameSilo

Frank Schilling - Uni - Uniregistry Announces Domain Liquidity

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

Replies:
250
Views:
15,135

  1. toughdomains

    toughdomains Top Member VIP

    Posts:
    1,041
    Likes Received:
    1,192
    submitted my whole porfolio just sent a link to my personal storefront as soon as I read the news....no reply
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. toughdomains

    toughdomains Top Member VIP

    Posts:
    1,041
    Likes Received:
    1,192
    looks like a total of $15k....not a bad offer if your looking to liquidate then buy a great few names with the proceeds.
     
  3. droned

    droned Established Member

    Posts:
    323
    Likes Received:
    95
    I have submitted to
    Uni 195 names a few days ago.
    Uniregistry: got zero offers.
    At the same time have sold on NamePros 4 domains.
     
  4. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,251
    Likes Received:
    7,861

    Maybe this is a good example that people are tripping to hard to outbid each other at auctions based on FOMO.

    Albeit it might have been Taryn biding against you, and it’s not like you need to sell, other than trimming the portfolio for management reasons, but why are we paying so much for these names, even the good ones years after still are sitting unsold.

    I see all the above names bought for a reason, or some specific purpose, the offers resemble namepros type prices, so wholesale. You probably could have got more by posting it on NameJet, and let everyone trip over each other for them.
     
  5. EJS

    EJS DomainInvesting.com DomainInvesting.com PRO ICA Member VIP ★★★★★★★★★★

    Posts:
    305
    Likes Received:
    193
    Yeah, in looking at the offers now, I am positive I would have made more selling those names on NameJet. I would not have been able to come to this conclusion had I not submitted my list though.

    I do think there is the potential for this to be helpful to investors if more buyers sign up to make competing offers. Like with domain auctions, with more competition, there should be higher bids.
     
  6. Silentptnr

    Silentptnr Hey From L.A. VIP

    Posts:
    12,116
    Likes Received:
    30,575
    I read the entire, exhausting thread.

    I like the concept and the effort by Frank and Uni.

    There are many considerations an investor has to plan for and this seems a viable option.

    The service is optional yet reliable.

    Thanks to everyone for giving feedback.

    I do suggest investors carefully consider this option and apply if deemed appropriate.

    I truly hope this type of service continues and that others develop.

    I plan to submit maybe 100 names for sale with realistic expectations.

    Keep you posted.

    That's all I'll say for now.

    P.S. Thanks for sharing your experience @EJS !
     
  7. dbdomains

    dbdomains Established Member ★★★★★★★★★★

    Posts:
    355
    Likes Received:
    36
    Dude, WHO CARES?!?!

    Seriously, why are you wasting time tilting at this windmill? What do you get out of someone not submitting their domains to Uniregistry? If someone wants to spend their time putting together a list for a business to consider, why does it bother you? If Uniregistry offers on only 10% or 1% or 3 domains ever submitted to them, why do you care? If Uni offers 5% - 10% of EUV, so what? Plenty of people on Namepros do that. There was no promise to purchase a seller's domains. It's an option for domain asset holders to explore, just like reaching out to end users directly, listing on marketplaces or auction sites, getting a broker, or letting bad investments drop.

    Are you here to save us from ourselves? Do you think we don't know that the prices he will offer are wholesale prices? Are you some large competitor of Uniregistry upset because they came up with and are marketing the idea? Are you a disgruntled wanna-be seller who submitted a bunch of names to Uniregistry, or Frank and they were rejected? Is this just sour grapes?

    Come on, spill it. Why do you care so much about this?

    It is incredibly unseemly for a relative forum noob to come in here, disparage somebody or their business, brag about doing mischief against them and having no evidence to back up your assertions.
     
  8. BrandCougar

    BrandCougar Upgraded Member Gold Account VIP

    Posts:
    828
    Likes Received:
    1,384
    @EJS - Thank you for sharing your results in your informative article.

    And thank you @Vito for providing the link to the article. Very insightful as I am interested in studying and learning from the results..

    Similar to manufacturing - working with your Sales Channel (direct sales & distribution partners & resellers) is an opportunity to see what products sell and what products don't have a sell thru.

    I view Frank's (Uniregistry's) "Domain Liquidity" program as a Sales Channel. The results provided and being shared by the NP community is an opportunity to observe market dynamics and investor "draw".

    Some results I see as spot on, some high, some low, some results I scratch my head and others I see as unique product angles I hadn't considered. Either way... it is data worth consideration and reflection.

    Whether dealing directly with end users or working through resellers & distributors, studying "draw" and POS results is an opportunity to learn.

    Thanks again @EJS and @YairDD for sharing your results.

    -Cougar

    ps: Now if we could identify some spec commonalities among the "Domain Liquidity" results, that would be additional value provided by the program.
     
    Last edited: Jun 5, 2019
  9. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,251
    Likes Received:
    7,861
    I would call it more of a pawn shop.

    Only accept what has value, pay quickly, but usually well below market. Usually desperate sellers.
     
  10. BrandCougar

    BrandCougar Upgraded Member Gold Account VIP

    Posts:
    828
    Likes Received:
    1,384
    @wwwweb -

    Great point!

    I agree - from a liquidity (immediate cash need) perspective - yes, the liquidity program is a bit similar to a pawn shop model.

    From what I saw on the the TV show "Pawn Stars" - pawn shops will either buy outright or provide a pawn loan (which you can get your item back - of course with a premium added on top).

    Now that would be a unique idea... if Uniregistry's "Domain Liquidity" program would also allow a 90 day buy-back period like they provide at pawn shops. But after 90 days it's free for them to sell outright.

    "UniPawn" :xf.wink:

    -Cougar

    ps: On a serious note - I do think that knowing that Uniregistry (as a wholesale Sales Channel) can provide a "base line" price for an item for liquidation purposes. While I joke about the term "UniPawn", I do wonder if this will open up a new level of loan opportunities & access to capital for domain investors via more conventional banking avenues (knowing there is a potential "underwriter" like Uniregistry that would provide liquidity should there be a loan default). It's an interesting concept.
     
    Last edited: Jun 5, 2019
  11. Silentptnr

    Silentptnr Hey From L.A. VIP

    Posts:
    12,116
    Likes Received:
    30,575
    I see it a bit different.

    I get very low offers all the time through my efty landers. Doesnt bother me.

    I've also bought names here on NP and sold them for much more elsewhere.

    To me, with anything other than BIN sales, I lose some control over my sale price.

    I dont see this as a *pawn shop*. It is a *domain liquidator* imo.
     
  12. creataweb

    creataweb Some Guy with Awesome Senior High School Photo VIP ★★★★★★★★★★

    Posts:
    6,123
    Likes Received:
    7,349
    Sent some names including those with inbound inquiries from Uni... will be interesting to see the response.
     
  13. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,251
    Likes Received:
    7,861
    A lot of lowball offers come from people who don’t know the domain marketplace. You are getting offers from a person who knows the marketplace pricing very well, and is an active buyer of the same names daily on NameJet, where to be honest they do step up with their best bid.

    I don’t know if they are buying for their private portfolio, and holding for end users, or just flipping the batch of names to an investor if they are doing the latter then they are a liquidator for sure, otherwise if they are buying for themselves it is more of a pawn alternative. It’s a good angle to get inventory in front of them with no obligation to purchase, a free option. He didn’t purchase domainnames.com for no reason, might be a good use for it.
     
    Last edited: Jun 5, 2019
  14. BrandCougar

    BrandCougar Upgraded Member Gold Account VIP

    Posts:
    828
    Likes Received:
    1,384
    >> or just flipping the batch of names to an investor if they are doing the latter then they are a liquidator


    If they are acting as a consolidator and flipping batches, very close to an arbitrage model. And could be quite lucrative for them as they turn inventory and capital quickly with each batch.

    Either way... I like the idea of having options available for liquidity.

    Liquidity and fluidity in a market provides access to capital when an opportunity arises. (or a personal matter arises that you need some help with short-term cash flow)

    -Cougar
     
    Last edited: Jun 5, 2019
  15. RogueWriter

    RogueWriter Top Member VIP ★★★★★★★★★★

    Posts:
    6,527
    Likes Received:
    3,749
    A couple of years ago I could have used this as an option for a quick sale. Left a high paying job, took one for 1/3 of the income, and was unable to maintain 300 of my domains. It was rather painful to watch competitors snap domains I had accumulated over the years as they dropped. I am working at a much smaller scale now, but an opportunity to sell 250 of those at once might have helped me retain an additional 50 of the ones I wanted to keep.

    So good for them for marketing this as an option, you never know when someone's circumstance might necessitate a quick sale; underselling beats getting zero.
     
  16. Silentptnr

    Silentptnr Hey From L.A. VIP

    Posts:
    12,116
    Likes Received:
    30,575
    Fast cash = Expensive cash

    Nothing new here. Smart business.
     
  17. Silentptnr

    Silentptnr Hey From L.A. VIP

    Posts:
    12,116
    Likes Received:
    30,575
    Okay. As I said, I've submitted a small mixed portfolio of 80 domains.

    I'll provide an update once/if I hear anything.
     
  18. 4pm

    4pm user VIP

    Posts:
    3,051
    Likes Received:
    2,310
    ..interesting, thanks

    Can I ask if you have had any offers over your purchasing price before on those names you submitted?

    thanks in advance
     
  19. EJS

    EJS DomainInvesting.com DomainInvesting.com PRO ICA Member VIP ★★★★★★★★★★

    Posts:
    305
    Likes Received:
    193
    Yes. Off the top of my head, 7 of the 22 names I received offers on had higher offers in the past. Two had substantially higher offers.

    It would take too long to figure out how many of the other names I submitted had offers, and I can't even give a ballpark accurately (sorry).
     
    Last edited: Jun 6, 2019
  20. droned

    droned Established Member

    Posts:
    323
    Likes Received:
    95
    No feedback from uni. I m thinking it was just an advertising campaign. Uni go the attention.
     
  21. BrandCougar

    BrandCougar Upgraded Member Gold Account VIP

    Posts:
    828
    Likes Received:
    1,384


    I have to laugh...

    After mentioning the term "UniPawn" (somewhat jokingly) on Wednesday 5th, someone registered UniPawn.com shortly thereafter.

    It wasn't me - but I have to admit - I do wonder if a temporary (90 day) loan model would work in this industry.

    Who knows? Maybe this will be the 1st of several micro-loan agencies that secure the loan via a domain escrow. (it might already exist - I'm not sure)

    As @Silentptnr mentioned earlier... "Fast cash = Expensive cash"

    -Cougar
     
    Last edited: Jun 8, 2019
  22. Bayu

    Bayu Established Member ★★★★★★★★★★

    Posts:
    1,077
    Likes Received:
    126
    We used to have DigiPawn. Not sure if it's still around.
     
  23. BrandCougar

    BrandCougar Upgraded Member Gold Account VIP

    Posts:
    828
    Likes Received:
    1,384
    Here's another thought...

    What about a "domain underwriter" model.

    Similar to the Uniregistry model where a domain owner can put up their domain(s) for wholesale bids via Frank's Uniregistry form, this would be a similar model where the domain(s) are put up as collateral for a temporary loan, but the unique twist would be that if the loan is not repaid within 90 days, one of the "underwriters" from the "underwriter pool" would be eligible to purchase the domain at their (underwriter) bid price from the entire "underwriter pool" commitments that were submitted.

    Isn't the underwriter model similar to Frank's (Uniregistry's) "Domain Liquidity" model of pulling together a group of investors?

    The one difference with the "underwriter" model is that it would provide a 90 day "buy back" option for the seller (domain owner).

    Logistically - this sounds a bit complex, but in reality, it's less complex than managing a NPros Hand-Reg contest. :xf.wink: It's simply a matter of trust between the manager and the "underwriter pool". The manager would simply use a spreadsheet to track (silent bid) commitments and this spreadsheet would be shared with the entire "underwriter pool" once all commitments were in within a 48 hour silent bid window. Full transparency within the "underwriter pool" once the "underwriting window" is closed. It also would provide a firm "wholesale appraisal" as, like Frank's investor model, these would be local domain investors with hard cash supporting their bids.

    To me - when real money is involved, the "appraisals" get real.

    It's easy to play online poker, but try going all-in at Vegas and watch how timid you get.

    Too many online appraisals are fluff and theory, but when real cash is on the line...

    -Cougar
     
    Last edited: Jun 8, 2019
  24. Ategy.com

    Ategy.com NameCult.com Gold Account VIP

    Posts:
    3,898
    Likes Received:
    11,783
    Because of all the non-domain craziness in my life (flooding, knees, issues from old business because of a death, a real-world full time job and more that I won't mention here), I've been wanting to trim my portfolio in about half from about 2000 to 1000 domains .. all this talk has got me thinking again .. but 2019 has been a good year for me with domains, so now I'm on the fence on whether to trim my portfolio .. or to grow it!? lol

    Anybody want to buy 1000 domains? lol
    (Please say no .. I'm not sure I could handle giving up half my domains .. lol)


    Wow Cougar .. your active imagination is up there! :)

    Not that I want to bring you back to Earth .. but .. have you seen the countless threads about people being frustrated about not getting an expired auction domain after a few days because someone renewed it? That's already the end of the world to some. But imagine making a commitment to buy a domain only to have the original owner reclaim it after THREE MONTHS? Someone is going to lose an eye! lol

    Seriously .. what would be the motivation for the buyers to invest their time going through the lists when a good percentage of the domains (particularly the better ones) would be reclaimed?

    Sure you could add in a commission (for both the market place and the buyer), but the whole point of the buyers being interested and investing their time to go through the incoming lists (likely a ton of worthless garbage domains) is so that they could buy any domain they want if they are willing to pay an acceptable price to the seller. The key is to keep things as simple as possible so as to attract the largest number of potential quality buyers.

    There might be a handful of buyers still interested, but by losing the bulk of the buyer pool you are softening demand on our domains .. and thereby lowering the average pricing as well as reducing the number of domains that even get offers.
     
  25. MapleDots

    MapleDots Domain Properties 2010 - 2019 VIP

    Posts:
    4,923
    Likes Received:
    9,908
    I don't know about you but in my book @EJS has lots of credibility.
    A screenshot would make no difference to me at all.

    We are here to learn and engage our peers, try that and you will learn more than by making senseless accusations.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!

Share This Page

NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...