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New marketplace launched - Freemarket.com

Located in Domain Industry News, started by Domainor, Sep 4, 2014

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  1. verbster

    verbster Blue Moose VIP ★★★★★★★★★★

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    An auction is simply a contest to see who can spend the most (or least, depending how you look at it) for a mutually desired whatever. Even though the strategies vary, the selling price would probably end up being close to the same. The difference is how fast it gets there.
     
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  2. N-A

    N-A Account Closed

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    That's what I'm getting at, skip the foreplay and get to the point. :xf.cool:
     
  3. The New Guy

    The New Guy Top Contributor VIP

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    Ebay has some rather ridiculous patents on auctions - not sure if this is part of the reason.
     
  4. sbweb

    sbweb Top Contributor VIP ★★★★★★★★★★

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    They give u upgrade option at checkout when u list as a featured. Im not sure how they do it when listed as free listing. I assume u can contact support and they can invoice u or something..
     
  5. gatekeeper72

    gatekeeper72 Established Member

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    I completely agree. The bidding process should go up as the dollar amount goes up accordingly. Otherwise it's kind of a waste of time. For instance: "I have 1 million...Do I hear 1 million and 1?" Great, "Do I hear 1 million and 2 dollars?" etc......lol..(It's laughable, but sad)
    In another video I noticed that it jumped automatically from 1 million to 1.5 million. I think that's more how an auction should go, if not, at least in the 6 figure range...as in 1.1 million etc..But not 1 million 5 dollars, that's just silly if you ask me..HA!
    Also you are right. They should make auctions the same online as they do offline. It's almost as if they haven't accepted the term "The Internet", and it's capabilities yet.
    I do like to see the whole bidding process in action, and have never seen a domain auction live in action before, as in the video you posted. I didn't even know such a thing existed until you showed that.
    I also think that if more domain auctions were "In the flesh" public, it would definitely raise the value of domaining altogether.
     
    Last edited: Sep 27, 2014
  6. N-A

    N-A Account Closed

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    I was unaware of that, but I believe if a marketplace operates out of a specific state (though online auctions are international), UCC 2-328 may supersede those patents if on bidding increments. I'm not a lawyer though...
     
  7. gatekeeper72

    gatekeeper72 Established Member

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    It's all really silly stupid..It's almost no different than it being illegal to play poker online in Vegas, and NY, and some other states, but it's okay within those cities & states, to drive to the casino, with people more likely to drink & drive, as they serve you drinks the whole time you play.
    Where is the intelligence? I just don't get it.
     
  8. Soofi

    Soofi Love Domain Names PRO VIP ★★★★★★★★★★

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    FreeMarket.com needs to go long way before they can stand up to Flippa, Seod, Afternic or others IMO :)
     
  9. TravisS

    TravisS The Duke of York

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    You're 100% right about that. It takes a lot of time + $$, to bring the buyers + sellers to a new marketplace. I feel freemarket.com will become more or less a market place for websites/ + high/less conversely "statted" domains. Flippa was the ~first. People no it. No one likes change ;). They might bring some of the warrior community over to the marketplace, but a lot of big-pocketed investors....don't use forums lol. Flippa already saturated the market.
     
  10. Soofi

    Soofi Love Domain Names PRO VIP ★★★★★★★★★★

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    FreeMarket.com might bring in few people like me who are always looking for change from places like Flippa et al.
     
  11. TravisS

    TravisS The Duke of York

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    Yeah, but what change are you looking for? I mean are the Flippa fee's enough to turn you off from the customer repository Flippa has. It takes a shit load to gain a large customer base like that. Flippa was not created in a day, and FreeMarket won't be either. Remember...they both have backing forums....at least "had" backing forums. Lost in translation.
     
  12. matrigaldo

    matrigaldo Domainer since 2007 VIP ★★★★★★★★★★

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    Currently I see flippa as the strongest domain marketplace, the question is: would freemarket.com attire new investors, new domains, a new audience or would be just another marketplace where to list our domains?
     
  13. TravisS

    TravisS The Duke of York

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    Freemarket would NOT be in the short term. You have to think about the demo's in warrior forum...because that is where they would be more of their customer base. They're looking for more statted domains as devs, not investors. Investors have the deeper pockets. They view as more speculative, than a sure paycheck. Buying statted domains w/ value is one thing, but straight domains is another. Freemarket will never be as big as Flippa in the same arena.
     
  14. TravisS

    TravisS The Duke of York

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    And to answer your question directly, new means whoever spent more on marketing. Flippa is everywhere...as it stands... freemarket is no where. Buyers dont give a shit about fees if they are willing to spend. As an enduser %'s dont mean much. You either want it, or you dont.
     
  15. Joseph Green

    Joseph Green Established Member ★★★★★★★★★★

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    Quotes by Ron on Warrior Forum:
     
  16. gatekeeper72

    gatekeeper72 Established Member

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    Good to know, and keep in mind about...Did you try to contact Freemarket, and tell them about this issue? If so, what did they have to say about it? I would really be interested in knowing...Anyhow, Thanks for sharing! :)
     
  17. Soofi

    Soofi Love Domain Names PRO VIP ★★★★★★★★★★

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    Disaster so far for FreeMarket.com from what I have read of Ron's post at Warrior Forum
     
  18. RogueWriter

    RogueWriter Top Contributor VIP ★★★★★★★★★★

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    I do not know who thought it was a good idea to bring this site live, maybe some displaced Obamacare web site analysts? I don't usually pile on with disparaging remarks, but the initial manner in the way the site was overplayed is irritating.

    Seriously, asking the public to believe the site is generating 6 figure sales when basic functionality has not been addressed, well..... Who would sell a 6 or 7 figure domain under those circumstances?
     
  19. sbweb

    sbweb Top Contributor VIP ★★★★★★★★★★

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    Questionable listing: https://www.freemarket.com/sites/view.php?id=7104

    This site is making a net of $3K per month, but the reserve has been met at $1K?

    Also, why do only the highlighted featured listings stay "stickied" to the top while all the non-highlighted featured listings drop down as new ones are added?? They mention nothing about this when you're checking out.
     
  20. gatekeeper72

    gatekeeper72 Established Member

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    That definitely seems a bit shady. Making $3k a month in profit, but reserve is only set at 1k? WHAAAT????
     
  21. sbweb

    sbweb Top Contributor VIP ★★★★★★★★★★

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    It sold for $1,105. :xf.eek:

    I'm wondering what happened with the Payment.com listing for $10 million. Anyone know?
     
  22. RogueWriter

    RogueWriter Top Contributor VIP ★★★★★★★★★★

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    I've been trying to figure out how to contact them, is there an actual contact email address on the site? I'd like to remove my ended auction from the site.
     
  23. sbweb

    sbweb Top Contributor VIP ★★★★★★★★★★

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    That's what I was complaining about earlier. They charge you $30 to remove your listing.
     
  24. RogueWriter

    RogueWriter Top Contributor VIP ★★★★★★★★★★

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    Such bs. Amateur Hour.
     
  25. gatekeeper72

    gatekeeper72 Established Member

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    Seriously? That is BS! I know where I definitely won't be listing my domains...Hmmff..
    Are any other marketplaces like that, that I should know about before listing on them?
     

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