Namerific Experience

[The Domain Wizard]

I have listed my first 2 domain with Namerific and it would be great to share your experience with Namerific.

My experience so far is good. I submitted 4 names and 2 accepted within 48 hours. Logo design was done with 24 hours after verification of the domain names.

Now I need to wait and see if the domain get sold.

Just share your experience with Namerific..

 

[Grilled]

what does exactly a brandable market like NR offer you?
I assume the buyer arrived at your page by their own volition. Do you think NR played a role for the sale to happen? .. or any other reason perhaps?

I like to think they add packaging. Instead of selling your domain on your own marketplace (I don't have my own) you are selling from a reputable marketplace. Reputable meaning they're not some poorly coded new marketplace that may or may not be legit. The legitimacy IMO adds to the premium price a marketplace like NR will fetch. Namerific also allows a lot of price flexibility so I can account for their commission fee's.

 

[Hypersot]

I like to think they add packaging. Instead of selling your domain on your own marketplace (I don't have my own) you are selling from a reputable marketplace. Reputable meaning they're not some poorly coded new marketplace that may or may not be legit. The legitimacy IMO adds to the premium price a marketplace like NR will fetch. Namerific also allows a lot of price flexibility so I can account for their commission fee's.

If I'm correct the commission fees are 30% plus the logo, right?
Wouldn't a market with way more exposure (sedo, GD, afternic) be better ... and with less fees?

as I said, my question can possibly be stupid but I don't seem to understand the logic in having a domain on any brandable market except BB (just because they are well known, no other reason), either that or use a 'normal' market like the ones I mentioned above.

btw. I also hit the 'wall' with the keyword brandables in BB.... just saying

 

[Grilled]

If I'm correct the commission fees are 30% plus the logo, right?
Wouldn't a market with way more exposure (sedo, GD, afternic) be better ... and with less fees?

Why not list your premium domain with ALL of the above Marketplaces and Namerific? Their nonexclusive clause allows this. If you don't want to pay a Namerific listing fee, than only publish your premium domains that are accepted in the tier of free listing fee's. I'd list with Namerific and BrandBucket if BB allowed, but I don't think BB would be to receptive to this.

Also, you can avoid the logo fee by providing your own logo.

 

[creataweb]

If you have a minute and don't mind explaining could you go into a little detail about the listing fees and options? For example, if you bring a logo it eliminates that fee... or if your name is premo it's free to list? If not it's $10 or $5? Thanks!

 

[Hypersot]

Why not list your premium domain with ALL of the above Marketplaces and Namerific? Their nonexclusive clause allows this.I'd list with Namerific and BrandBucket if BB allowed, but I don't think they'd be too receptive to this.

Also, you can avoid the logo fee by providing your own logo.

I don't think you understand what I'm trying to say.
Why pay 30% fees plus logo (I don't do logos) if said marketplace offers nothing extra compared to markets that offer huge exposure and fees like 10%-20%?

I'm trying to find reasons to re-join NR but ,honestly, I find none. That's why I'm asking that question, to see if I'm missing something.

 

[Grilled]

If you have a minute and don't mind explaining could you go into a little detail about the listing fees and options? For example, if you bring a logo it eliminates that fee... or if your name is premo it's free to list? If not it's $10 or $5? Thanks!

If your domain is premium, it get's accepted with a free logo and listing fee. $100+ logo award applies
If your domain is accepted, but not premium, it's $8 listing fee.

They had offered me a bulk listing discount of $5 / domain if I helped write my descriptions. They said they are open to offering a discount for other bulk sellers. $100+ logo award applies

I will ask for clarification on the price break if you provide your own logo's. I know you will not be charged a logo award if you provide your own logo's.

I don't think you understand what I'm trying to say.
Why pay 30% fees plus logo (I don't do logos) if said marketplace offers nothing extra compared to markets that offer huge exposure and fees like 10%-20%?

I'm trying to find reasons to re-join NR but ,honestly, I find none. That's why I'm asking that question, to see if I'm missing something.

I'm sorry I'm not giving you the reason to re-join Namerific. I'm simply posting my experience as it comes. Respectfully, I think our difference in opinion lies in your belief that Namerific does nothing extra to market your domain compared to the larger markets offering 10%- 20%. In part I agree that there are premium domains that shouldn't incur a fee as high as 30%. Liquid domains such as 3L/4L.coms, and dictionary words can sell themselves, and marketplaces should respect this by charging a lower percentage. Marketplaces make enough money off $XX,XXX sales and 30% is high considering.

On the contrary there are brandables that need the help of a brandable marketplace to sell. Of course I'd appreciate lower commissions, but I also respect that they allow me to list on marketplaces with lower percentages as well. I could be wrong, but I think Namerific allows you to list your domain with them even if you decide to forward your domain to your own marketplace. I will ask for further clarification on this as well.

 

[creataweb]

Sounds good. Maybe I'll contact them to see about bulk deal for all the names I have.

 

[lennco]

Anyone else having a difficult time getting an Invoice for your domain sales/fees at Namerific?
I had a $6k sale in early Jan and I requested an invoice.

I sent another email 9 days ago asking once again for a real invoice in a pdf and still haven't heard from anyone.

I got an detail invoice a on my last sale/fees a year and half ago with them but not this time.
Must have one for my tax records.

Anytime a broker charges commission fees on a sale (especially when they charge 30%) you must get a detail invoice for the amount of sale, any broker commission fees and net sale amount.

Sedo is great about invoicing for sales and commission fees.
Do you guys get invoices for your sales/fees? If not you should, the tax man will want to see one.

 

[lennco]

Received Invoice for my sale and commission fees today.
Its all good

 

[NameClerk]

Building out your own site is probably the best option, which many seem to be doing now. It's not for everybody and you need to have the skill set to do it, but keeping that traffic in house and building equity in your own brand should pay dividends down the road.

Services like Efty.com are another middle of the road option. They use direct sales landing pages like BB but you would have to provide the logos if you're after that brandable domain boutique experience. You'll also have to handle the transaction through Escrow.com or another payment provider. The nice perk is no commission is paid. You do pay a low monthly fee though.

 

[golan]

The difference between BB and your own site or Efty etc. - is that BB spends (well it supposes to at least) huge budgets for promoting itself in all kinds of startup sites and platforms. While your site is just hanging there in the webs passively, so no chance that any startuper goes there to find a name/domain for his new venture.

 

[Wisename]

Where is the login button?

 

[DNGear]

 

[Brandworthy]

Namerific is a nonexlusive marketplace that's always offered FREE listing fee's for premium domains like 4Ls, and other quality brandables. They charge for second tier domains that they estimate may need a little extra help selling.

IMO Namerific isn't even with submitting to. If I was starting out today I would focus only on the other 2 brandable marketplaces. Too many reasons to list here...

 

[Grilled]

IMO Namerific isn't even with submitting to. If I was starting out today I would focus only on the other 2 brandable marketplaces. Too many reasons to list here.

Listing with Namerific doesn't only mean you have to list with Namerific, they're nonexclusive. They're the only marketplace of the big 3 that allows you to list simultaneously with marketplaces such as Sedo, AfterNic, Flippa, NamePros, and more.

You can choose to sell your domains for 100% profit if a buyer contacts you through WHOIS, but then of course, the logo isn't included, and you risk the chance of selling the domain at brandable marketplace enduser pricing. IMO, redirecting the sale to a marketplace weeds out the low ball buyers who won't pay more than $200 for a domain, unless they have no choice because the negotiations are handled by a third party. I detailed my last marketplace contacted through WHOIS sale in this thread. The buyer contacted me through WHOIS, and I gave them the max discount I could + the check box of 10% off to entice the buyer to buy at marketplace pricing rather than waste time negotiating low ball offers that is still decent profit. The buyer saw a nice BB logo, and ensured the logo would be included with purchase. I was happy to pay for the $100 logo because I feel the quality unique logo helped make the sale.

They'll even list your domain for free if it's deemed brandworthy enough. I don't see the risks with $0 upfront costs. I understand they may have had some issues in the past, but they appear to be making improvements.

We can continue this conversation on the Namerific Experience thread if you wish to list your reasons and continue this discussion.

 

[Brandworthy]

If Namerific generated sales then it might be useful. In my experience they generate no sales, and only send low ball offers through. I can only offer my experience with them, and as someone with over 1,000 name listed on the major brandable sites I hope this might be useful to others.

 

[golan]

I submitted a bunch of names to Namerific, and 2-3 weeks later got rejects for all of them, except two, which they offered to get accepted for payment:

Unfortunately, your domain *****.com did not get approved in the first round of our free domain approvals. However, we can still list the domain for you if you agree to subsidize the initial logo design and processing fee of $8. Please pay $8 if you'd like us to get your domain live on the site.

Could it be worth it? Somehow i don't feel like i want to do it.

 

[Grilled]

Could it be worth it? Somehow i don't feel like i want to do it.

It depends on the domain, and your position as a domianer. Personally, I'd email them, and request discounted listing fee's. They've been open to discounting fee's if you're a volume seller and/or if you're able to provide well written descriptions/tags, and/or have quality logo's for your approved domains.

I took advantage of $5 listing fee's and now have over 100 NR domains. I'll be testing the waters by adding these domains to Sedo, AfterNic, and Filppa BIN later this week to see if that effects domain traffic. Since they use domain forwarding, I can track the analytics. The way I see it, I'm happy to pay $5 upfront for a concept logo and have my domain entered in an additional brandable domain database that not only ranks on search engines, but is also marketed at strategic domain and start up events.

Should I feel, that 30% is still to high to receive my type in traffic, I can forward my domain elsewhere. I still forward my domains to NR because I like the packaging. However, I'll admit, I have some domains that I feel the type in traffic / name itself will inevitably bring a buyer regardless of venue. The question is will my type in traffic / domain, bring me a buyer beofre Namerific finds a buyer for me :D

 

[Grilled]

maybe that's a stupid question but,
what does exactly a brandable market like NR offer you?
I assume the buyer arrived at your page by their own volition. Do you think NR played a role for the sale to happen? .. or any other reason perhaps?

I don't think you understand what I'm trying to say.
Why pay 30% fees plus logo (I don't do logos) if said marketplace offers nothing extra compared to markets that offer huge exposure and fees like 10%-20%?

I'm trying to find reasons to re-join NR but ,honestly, I find none. That's why I'm asking that question, to see if I'm missing something.

@Hypersot It's questions like this, that will get others to begin questioning, marketplaces to listen, and industries to change. I certainly have.

Thank you so much for asking these questions. They were by no means stupid questions, and I can't thank you enough for raising these questions. I'm sure Namerific has answers to your questions about what they do for your domains, to the point of commission fee's, and how they reward those who forward their domains to Namerific. If they don't, I'm sure competition can force their hand to adhere to incentivizing their sellers who do. They already provide free listing fee's for premium domains, but this does not mandate your type in traffic.

 

[GoKaizen]

Building out your own site is probably the best option, which many seem to be doing now. It's not for everybody and you need to have the skill set to do it, but keeping that traffic in house and building equity in your own brand should pay dividends down the road.

I agree, but did Margot Bushnaq have the "skills" to build a marketplace. Originally it wasn't even supposed to be a brandable domain market.

SEO is the hard part.