Has anyone had success using Biix?

[LoveCatchyDomains]

Searching NamePros, I see only two postings where individuals mention sales using Biix.
Biix is a more recently created aftermarket, with an exciting low commission. The seller pays 2%, and the buyer pays the Escrow.com fees for the transaction. They appear to also offer "lease-to-own."

Has anyone else had success using this domain marketplace? And, if so, did they use the straight sale or "lease-to-own?"

 

[NameBuyer.com]

As a follow-up to Bob Hawke's thread recently on marketplace commissions:

• Biix allows you to sell at just 2% commission, with the buyer picking up the Escrow.com fee for handling the transaction. The marketplace has integration with the NameWorth valuation tool, if the seller desires

Has anyone here on Namepros had success using Biix lately?

I've mostly refrained from promoting it lately as there isn't a huge market for it.

I mainly created biix for investors that were doing $30k plus a year in sales or more and wanted to save on commission rates with professional looking landers because that's what I wanted for many years and it never really existed.

First of all, there aren't a ton of investors that are doing over $30k plus a year and a lot of those that are already have their marketplace or solution in place.

Most domain investors seem to be focused more on getting paid quickly rather than building trust with their customer. That was one niche that biix filled because most people didn't know what dan.com or undeveloped were, but the majority did know what escrow.com was, which was what biix was using. Now that GoDaddy has bought Dan, the trust issue is gone from that equation.

The only issue now is the higher commission rates, but by GoDaddy incentivizing pointing your domains to them for the 15% fee, rather than a 25% fee, it pretty much prevents you from listing anywhere else.

In my experience, about half my sales comes from Afternic, even when my domains are pointed elsewhere, so even at 2% commission, it doesn't make a lot of sense to point your domains anywhere but GoDaddy/Afternic.

I've been also pointing my domains to Afternic for the last 6-8 months as an experiment, and it has worked well with the ns3 & ns4 landers.

 

[NameGroove]

As a follow-up to Bob Hawke's thread recently on marketplace commissions:

• Biix allows you to sell at just 2% commission, with the buyer picking up the Escrow.com fee for handling the transaction. The marketplace has integration with the NameWorth valuation tool, if the seller desires

Has anyone here on Namepros had success using Biix lately?

There have been sales reported on NamePros (according to unreportedsales)

EasyEviction.com	1,750	2020-08-27	Biix	NamePros
BatteryLite.com	2,450	2020-08-27	Biix	NamePros
HealYourStory.com	1,750	2020-09-11	Biix	NamePros
OccasionToCelebrate.com	3,450	2021-02-25	Biix	NamePros
SafeStructure.com	2,450	2021-05-08	Biix	NamePros
VivaArte.com	1,450	2021-05-08	Biix	NamePros
Tiblo.com	3,450	2021-05-08	Biix	NamePros
Cluvi.com	7,450	2022-04-26	Biix	NamePros
Rocware.com	4,000	2022-04-26	Biix	NamePros
SimpleLogin.com	16,444	2022-04-26	Biix	NamePros
DiveJoy.com	9,450	2022-06-19	Biix

 

[LoveCatchyDomains]

I never bothered trying. A while ago, I had contacted the company. It took a long time for the respoonse. And even the owner recommended a marketplace alternative that he was using.

 

[alop]

I never bothered trying. A while ago, I had contacted the company. It took a long time for the respoonse. And even the owner recommended a marketplace alternative that he was using.

Hmm how long

 

[NameBuyer.com]

@alop

Yeah, biix is a marketplace I put in place. It would be better to use something else for now like Atom like I mentioned above.

I may come back with a hybrid that let's you list on biix & GreatBrand, where it would identify your higher value domains for automatic approval for GreatBrand. I'm trying to solidify the model first.

With rising commission costs at the time, biix was put in place to solve a problem that didn't exist for most. Reducing the commission costs in your domain sales, and selling for slightly higher prices by framing things in a better way. What I found was seemingly 90%+ of domain investors just want to sell their domain quick and get paid quick.

The issue was, most people that tried biix were new, or domain investors with no history of sales. I was trying to solve a problem like I had since 2015, where I had sales that progressed from $50k per year to over $120k per year. So the increasing costs of commissions are real when you have significant sales.

At the time, all the marketplaces were charging between 15%-30% without really adding any value. And 15% of your sale is really like 30% of your profit, and 30% of your sale is more like 60% of your profit after all your other domain renewal expenses.

What biix was doing was charging 2% on transactions so domain investors kept most of what they made. The risk was offloaded to escrow.com.

Since then Atom has come down in commission price at 15% for their Plus service, and that includes advertising to your prior visitors, and Afternic also reduced its prices to 15% when you have it parked with them.

So I enjoyed biix, and got a seller their largest sale ever at $22,966. But even with that transaction the buyers wanted to pay via PayPal only and that created a huge manual headache and risk for me. The one big portfolio owner that wanted to list his large portfolio with biix, requested me to implement a White Label service, I did, then he never came back around. I did get up to about 30,000 domains "listed" on the platform, but not sure how many users just listed them without pointing them there, which makes a huge difference.

If I were to ever come back, I wouldn't come back competing on commission cost. People complain about it, but really most domain investors just want a sale and want to get paid instantly. The number of domain investors that are making $50k+ per year in revenue is likely a very small pool, which kills the low-price business model.

But competing in today's market, I'd have to come back with a decent investment and innovative way to bring new or higher sales because a lot has changed since 2019.