Amongst many others , I was trying to get Pool to go this direction , especially in the face of possible WLS change.
I suggested going a domain selling route akin to GreatDomains NOT Afternic/Sedo.
i.e. I thought they were better placed to sell 'perceived' quality domains rather than letting every Tom, Dick and Harry sell their crap there. Was thinking they wouild only sell domains that, at least, came through their own drop service which meant they were basically $60 plus value domains.
This is, of course, flawed, and I was a bit naive to think this would happen, In reality, they did as I expected and go for as much money as possible in the short term by listing everything.
It saves them on having to appraise worthy domains and generates excellent income and cash flow from the off.
My thoughts on the result:
The marketplace, now over 5000 domains, is already diluted by crap domains and I find it less easy to search for a domain than say on Afternic or SEDO.
Their listing process is a friggin nightmare.
The transfer process in the real world is fraught with problems and it can take a couple of weeks to get the name listed in the end.
As they are currently unindated and relatively short staffed, any problems can take a while to resolve.
All domains have to be transfered into namescout. This means any domains you have just bought on spec will have to wait 60 days before you can list them.
They dont mention this on the sales page and this will cause a big delay if youre caught by the 60-day rule.
It costs to list names, and if you have a decent domain you HAVE to use the top listing service (over $2500 start price).
AFAIK once a listing is paid for, the money is gone, sold or not.
Good points.
Sold 2 domains there for GOOD prices
Summary:
If you can put up with the flaws its a good place to get relatively better prices than anywhere else in the market. :cy:
