Congratulations on such an active and insightful AMA Ryan. Really appreciate all of the time.
I realize you are catching a flight, but when you have a chance would appreciate information on:
- What will be replacing Dan to close sales at DNWE and will it permit a lower minimum sales price at DNWE?
- Are there changes planned for the Prime and Standard listings, or the process or fraction of names that get the collated button?
- It has been super easy to relist names that did not sell. While convenient, this tends to perhaps keep names that have not had interest in them. Have you considered a timeout before a name can be relisted? I think I recall that Name Liquidation had that.
Thanks again, and best wishes for your various projects.
Bob
Hi Bob,
Thank you - its been great to be here and i have deep dived your content which is incredible and looking forward to reading more of the back catalogue.
1) We were going to temporarily use paypal while we launched Domain Manage checkout in 3 weeks. But on reflection we have decide to go with a trusted provider who have automated systems for payments and domain transfers. I am about to sign contracts so can't publicly mention them but it will be an atomic solution
This enables LTO & down payments and essentially a much lower price point transactions - so lots of flexibility for sellers to accommodate a range of buyers.
They also have wire & escrow.com options.
It is also likely the provider will be two way compatible meaning they may enable a 1 click send to DNWE making it easy for more sellers to list inventory using the associated network ID & our API.
The main driver for the partnership is we are forecasting a huge influx of listings (lower pricing and auctions) and we will get bogged down processing and transferring domains so let the experts focus on that and we will focus on bringing great domains on platform & using technology to curate and give exposure to investor gems.
2) Yes - currently as curation & quality is diverse (a polite way of saying a mixed bag) there are some great bargains as you have to search hard as gems are hidden and would probably sell for more if they had more exposure.
Yes - more data feeds which enables better classification & therefore curation. There does seem to be a bit of stigma that unless it is a 2 letter com then it shouldn't be curated but i believe that curated domains should cater to all sectors of the domain market. From small portfolio builders ($100) to premiums ($10k+)
Standard will become flea market - for those that like to search. Prime may stay the same or become curated and there will be a smaller number of 'hot picks' which represent the best opportunities on any given day.
3) There are a few things to consider. A time out like you suggest, a % reduction to relist straight away (example 30%).
Fundamentally this comes down to technology & design to curate and give exposure to the best domains. Things like smart search - like we have on domain manage (credit to namebio) CVCV LLNN WP and repeating patterns coupled with a more minimal design experience will potentially be the best option.
As always we try to listen to feedback, put things to the vote and deliver what the community want.
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Portfolios will be the most interesting thing to come online.
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Apologies for the quality of the writing - i am rushing around but wanted to give some context to what is happening and also to let everyone know that we will continue to iterate DNWE to get to the optimal platform.
