New marketplace launched - Freemarket.com

[Domainor]

The new owners of the Warrior Forum have launched a new website/ domain marketplace at Freemarket dot com. They claim that it was created as a solution to the problem of high fees and minimum commissions charged by Flippa. It is free to list and when you sell a website or domain they charge a 5% commission after sale.

I think it is a good thing since it creates more options for sellers and more exposure for domains/ websites but it will take some time for it to pick up, especially when there are established marketplaces for domains like the one right here on Namepros. When it comes to selling websites, Flippa has carved a niche for itself.

 

[iowadawg]

Warrior forums has the money, can get more money, to do what they need to do.
Will list a few domains there just to see what happens.

 

[DNVantage]

Does FreeMarket support Domain Escrow like sedo?

 

[Nattydomain]

Sounds good BUT I have been on WF since 2009 and the feeling about domains there is not what you think. Many dont like "domainers" (even though many sell ebooks about them there) but I should say they are not many if very very few who feel the need to spend good money on a domain. Many there are OK with like using a domain with words in front like THE or BEST or some other word in front of a keyword rather then spend the money for the real deal.

What I am trying to say is I dont feel any big sales will come from this platform if a majority of the traffic or promotion is from WF

 

[DU]

Payments.com

2 bids of over 1.500.000

Reserve not met.

Any more bidders

 

[verbster]

They require verification to list, but it will be a shills paradise, two bids already over 1M+ on Payment.com

Not likely. IMO

Anyone can make shill bids, that's the problem, so if you know the reserve and TOR some IPS to make shill bids you can make it look like false interest in domains IMO.

To actually bid on a 100K+ domains you need a strong verification system.

So they may be like Flippa without the listing costs, but I doubt it will be a big name marketplace to sell valuable domains. I don't think the type of traffic it has or that FL or WF has is the type that has large money to dish out on major assets.

Time will tell

To see what is required I just listed a domain. They first sent an e-mail to the address listed in the whois. I had to click a verification in the e-mail. After that, they required a phone number to send me an sms code to enter before the listing went live. I thought it might need to be a phone number on the whois, but it doesn't need to be. So it appears the main security is the e-mail to the whois e-mail address, not the phone number/verification.

As far as shill bidding, I haven't bid, so I don't know how they stop anyone from bidding whatever they want.

 

[dream_d]

I see a huge potential for this site,let's see how it goes.

 

[domainbartender]

Is it true that they charge $10/month for inactive accounts?
https://www.freemarket.com/feesandcharges/

 

[Alfred Shelver]

disclaimer: I used search and went through the forum threads to make sure there was nothing already written about this if I am duplicating news I am sorry.

So freelancer have Created a domain and website selling platform called freemarket.com Interesting to see a company put lots of money into creating a knew marketing avenue. This is after their recent purchase of Warrior forum for 3 Million.

Interestingly there is a domain one there Payment.com it has 3 bids and the highest bid $10 million dollars Has anyone used it or tried it would be interesting to know I have one domain on there but no success but I as still very new to all this.

 

[RogueWriter]

I have one domain on there right now, closing in a few hours. No bids yet, can't even tell if there have been any views. If there are stats for views of an auction, haven't run across it yet. Thought I would try one, with a low reserve, just as a test to gauge interest.

Oddly, on my listing summary page it says the auction is closing in 5 hours, but when I click to the details page it says the auction is closing in three days.

I believe this is because I put the details of the auction in one day, then kept it as a rough draft for a few days before activating it.

The website still needs a few tweeks, imo.

 

[iowadawg]

https://www.namepros.com/threads/new-marketplace-launched-freemarket-com.832602/#post-4694051

 

[RogueWriter]

So, my first auction closed, only it didn't. When I looked at my listings page, the domain counted down to 0 hours remaining, and now says, 'from 2 hours ago' while at the same time, on the details page, it says there are 3 days left. I think it was because of a delay between when I created the auction and when I actually listed it live. No activity on the domain itself, pistolry dot com. Cannot even see how many views it is getting. Lots of room for improvement. JMO, but I think this site went live a little early.

 

[verbster]

So, my first auction closed, only it didn't. When I looked at my listings page, the domain counted down to 0 hours remaining, and now says, 'from 2 hours ago' while at the same time, on the details page, it says there are 3 days left. I think it was because of a delay between when I created the auction and when I actually listed it live. No activity on the domain itself, pistolry dot com. Cannot even see how many views it is getting. Lots of room for improvement. JMO, but I think this site went live a little early.

I agree it opened too early. They have many issues to work out, including some they don't appear to be aware of. I put a few so-so domains up. So far I've got one bid for a whopping $20.

They do need a "how many visitors" count. As it is now, it's pretty tough to figure out anything.

 

[Name Trader]

Well you did say they were "so-so domains". Now you got one with a "so-so bid"

 

[gatekeeper72]

I just wanted to share with all of my fellow domainers that a Semi-new marketplace has just opened up recently, only about a month or 2 ago.
I came across a video a couple of days ago, with the owners, and designers of Freelancer.com.
They were announcing that they just opened Freemarket.com to buy, and sell domains.
They have over 13 million users on the freelancer.com site, with ads all over about their new marketplace to buy and sell domains.
I took a look at it, and they seem to be fastly growing their new freemarket.com marketplace, and as they stated in the video, they are gearing towards being #1 in the industry, as they have the most competitive prices. They don't charge anything to list, unless you want to be featured or highlighted, and in the end, the only charge a 5% commission fee, and only if the domain sells.
I personally haven't seen any marketplace charge that little in commission fees, and that's only if the domain sells.
I just wanted to share it, and spread the news about it, as I thought it would be a possible good resource for domainers.
I know it goes without saying, why they named it "freemarket" probably to co-inside with "freelancer", but also am wondering why they would call them "free", when neither one of them are free...lol...But good prices none the less.
Maybe to draw more people in, and then show reasonable prices either way?..IDK..
Anyhow, just wanted to share.
Also, no...No one paid me to write this!

 

[RapidNames.com]

Already few threads alive in NP

You should search before post.

Good work though, Appreciate it.

 

[gatekeeper72]

Already few threads alive in NP

You should search before post.

Good work though, Appreciate it.

Oh sorry, I didn't see any.
LOL..You get paid to work..There was as no work applied here, just something I wanted to share, but thanks for the compliment anyhow. I will take donations if you're offering...HA!
Also, you are welcome "Wassercopf".. Apparently he/she didn't see those other threads either.
At least I helped 1 person today with my post about it...Hopefully more will see...

 

[FredBeg]

ANYONE FOR NOPAYMENTS.COM?

 

[gatekeeper72]

As stated above, (I had made a completely new thread for this yesterday, but they moved it here). But am noticing some discrepancies from what you all describe, and from how they described it it the video. They said they were sticking with their flat rate fee of 5% to coincide with freelancer, and also so they could be #1 in the industry. I think they may work out their bugs in the future..However, still very confused on their commission structure.

 

[gatekeeper72]

ANYONE FOR NOPAYMENTS.COM?

I'm sure a few bill collectors would love to snatch that up...Perhaps trade off any debts you have with the domain?..

 

[Name Trader]

As stated above, (I had made a completely new thread for this yesterday, but they moved it here). But am noticing some discrepancies from what you all describe, and from how they described it it the video. They said they were sticking with their flat rate fee of 5% to coincide with freelancer, and also so they could be #1 in the industry. I think they may work out their bugs in the future..However, still very confused on their commission structure.

It's a pretty awful UI, really. They need to start over, but they won't.