NameSilo

SquadHelp - Marketplace

Located in Domain Marketplace Reviews, started by JudgeMind, Jan 26, 2019

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  1. Josytal

    Josytal Top Contributor VIP

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    They should also forgo exclusivity after the 1st year and allow me to try sell the domains parallelly elsewhere. After the first year, I should be able to bring in my own leads also - in which case they'll work in the capacity of payment processor and earn only 5% (like DAN or Sedo).
     
    Last edited: Nov 27, 2020
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  2. DomainBanana

    DomainBanana Established Member

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    The premium marketplace has "partial exclusivity" that includes automated Sedo/Flippa integration and allows us to list on Afternic.

    If you bring your own leads and sell through the WLM (white label marketplace), you get an additional 20% back from the SH share of commission on premium domains or pay only 7.5% for standard domains.
     
  3. Josytal

    Josytal Top Contributor VIP

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    I'm yet to see the impact of this brand dilution. Maybe others do, can't say.

    I'm not interested in their WLM.
     
  4. NameWell

    NameWell Established Member

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    Like Grant mentioned, it's very different for each seller and each portfolio. I'm happy with my STR throughout 2020. There's no decline so far. And it's better than it was in 2019 and way better than it was in 2018. But to be fair, I have been doing A LOT OF homework. I have a large Excel document that I use every day and I do A LOT OF different analytics on my own. And then make decisions accordingly.

    In comparison, I'm not doing good on my own on Afternic. I believe it's because I just put my names there and hope they would sell somehow (=no homework). And they do occasionally, but I don't have a consistent stream of sales like I have on Squadhelp.
     
    Last edited: Nov 27, 2020
  5. griff

    griff Top Contributor VIP

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    @GrantP Any chance of contest budget ranges being added? have run into holders wanting a name but it falling through due to budget - would help cut out unwanted entries on both sides.

    Also will bank wire payouts be a thing? I am trusting PayPal a little less with large amounts nowadays due to their recent closures of domainer-related accounts
     
  6. NameWell

    NameWell Established Member

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    Could you please clarify your suggestion regarding contest budgets? Currently, the bronze contest costs $299. Are you suggesting SH should have an offer even lower than that?
     
    Last edited: Dec 2, 2020
  7. griff

    griff Top Contributor VIP

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    I mean as in some way of knowing how much a contest holder would be willing to spend on a name. Sometimes they're willing to buy more expensive names but sometimes if you submit one that's $2500 they'll respond they'd like to get it but only looking to spend $800-$1200. Would be nice to know before submitting what level of names they are expecting
     
    Last edited: Dec 2, 2020
  8. NameWell

    NameWell Established Member

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    Ohhh, now I get it! Thank you for clarifying :) Yeah, that's worth considering. I think why they don't have this in place yet because sometimes a client might pay more than they have originally intended if they see something perfect. Or maybe they didn't know market prices of four-letter .com domain names or one real word .com domain names and therefore they set a lower budget. But maybe they could go above that once they find out that truly premium names are not available at their preferred price level. So it's something that has two sides worth of considering.
     
    Last edited: Dec 2, 2020
  9. BRANDERX.COM

    BRANDERX.COM Top Contributor VIP

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    They are expecting available to register domains, that's why they start a contest. If their preference is premium they would buy one from the get-go.
     
    Last edited: Dec 2, 2020
  10. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    It’s a process for a buyer. If asked how much you would ”like” to spend - what’s going to be the answer?

    1. Get good names. 2. Get them in front of buyers at a fair price. 3. Wait.

    Then there is n o need to be anxious or over-sell or under-sell or mind the buyers budget (that is their problem). None.
     
    Last edited: Dec 2, 2020
  11. NameWell

    NameWell Established Member

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    Generally yes :) But what happens if they don't get an available to register names they love, but instead, someone submits a perfect name that is listed in the premium marketplace?
     
  12. griff

    griff Top Contributor VIP

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    I definitely agree that narrow ranges wouldn't be helpful but was thinking more like "less than $2000" or "above $10k". Also had in mind the newer WLM names that can be entered into contests at a cost that might not be easily findable, but yeah I do agree with your points!

    Wouldn't that be the name only contests? I am talking more about the ones that want a .com and allow premium entries, that's where I enter my names
     
    Last edited: Dec 2, 2020
  13. BRANDERX.COM

    BRANDERX.COM Top Contributor VIP

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    Then they buy a premium name. But then, the name found them, they didn't find it, unless it is a "make offer" listing, it's hard to say it's the perfect name if they can't afford it.

    If you mean, to only allow premium names in a set price range based on their selection, then yes that would make sense, more expensive names wouldn't be submitted.
     
  14. trelgor

    trelgor Top Contributor VIP ICA Member ★★★★★★★★★★

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    I have bought a lot of things I could not afford. Sometimes it was very cheap.
     
  15. NameWell

    NameWell Established Member

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    When you walk into a store, are you only presented with goods that are within your preferred price range only or do you see ALL that is available? Then why shopping for a brand name should be any different?

    I think each of us could recall at least one occurrence when we bought something more expensive than we intended at the beginning. If we were not presented with that option, we wouldn't have bought it.

    A brand name is a long term investment. If a buyer makes a good judgement and their business is successful, they can use the same brand name for 10 or 20 years or it could even become a legacy of their family ;)
     
    Last edited: Dec 2, 2020
  16. BRANDERX.COM

    BRANDERX.COM Top Contributor VIP

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    No, but choosing to start a contest is like telling a salesperson at a store "this is my budget, no need to show me something else", imo..



    Hmmm, I may know a thing or two about that. Try explaining it to contest holders.

    Maybe SH should get rid of contests & focus on premium names, or maybe run contests with only premium options.
     
    Last edited: Dec 2, 2020
  17. NameWell

    NameWell Established Member

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    I think if contest holders were never buying premium names submitted to their contests SH would have canceled the option long time ago. I'm sure they are monitoring this and keeping stats. And I recall some people posting in SH forum that they had their premium names purchased through contests.

    Also, getting "love it" and "like it" ratings improve names ranking in search results in the marketplace. So even if CH ends up not purchasing a premium name there's still some benefit of submitting them to contests.

    And I don't think SH will get rid of contests anytime soon, because now they are leaders in this niche and ending this service would mean leaving money on the table at this point. Also I believe that allowing to submit premium names only would drastically decrease the number of new contests and would push paying customers to their competitors (so once again, leaving money on the table).
     
    Last edited: Dec 2, 2020
  18. BRANDERX.COM

    BRANDERX.COM Top Contributor VIP

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    All good points, & they are indeed a leader in that niche.

    That said, being a leader in the brandable space will require focus on premium domains, by premium I mean names owned by domainers & branders.

    This business is about selling domains for profit, a lot of it.

    I do expect a shift, we'll see about the details.
     
  19. gblasting

    gblasting Established Member

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    @GrantP Any chance SH will offer bank wire payout anytime soon? It would be a relief for some of us.

    PayPal does not work in my country and Payoneer suddenly closed my account of 6 years. Right now, I have a marketplace balance that I am unable to withdraw and several premium names whose sale I’m not looking forward to.
     
  20. Branded Domains

    Branded Domains Be You VIP

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    hi..
    @GrantP looking forward to see SH payouts in Cryptos.
    Thnx.
     
  21. Branded Domains

    Branded Domains Be You VIP

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    This year SH gave me 7 sales.including 2 big sales.
    SH is Good in terms of exposure of names in various platforms(Including social websites).
    Also you can have your own portfolio(website) WLM+Premium names,which is a big plus point,to project your portfolio to potential buyers.

    Every marketplace has pros and cons.
    All marketplaces have their own customer support team,they handle every query regarding your product & services round the clock for u.
     
  22. E-Thunder

    E-Thunder Top Contributor VIP ★★★★★★★★★★

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    Alright, it has been a while since my last review. I have a lot to share. Hopefully this helps someone.

    I am now at 110 Premium names. The vast majority are names I submitted myself, although I have tested the wholesale marketplace and bought/sold some names here at NP too.

    My approval rate is hovering just over 19%.

    I sold my first domain last month! F/i/f/t/h/P/u/l/s/e/./c/o/m for $1,699.

    I consider this to be a success and plan to continue growing my SH portfolio. As long as sales exceed renewals, that is enough justification for me to keep things up.

    My first domain was approved at Squadhelp in April so it's been 8 months.

    I would like to get to 500 brandable domains.

    Logos I would say have improved. I noticed that you can leave a note with suggestions and most of the time they listen.

    Support has been great but not immediate, sometimes it takes a few days to a week to resolve something.

    Review times have generally been a few days to a week, with some outliers that took a bit longer.

    I have enabled others to submit my names to contests and for SH to discount names by certain margins if they see fit.

    9-12 letter names are getting the most visits. 3 syllables. Agency and consulting being the most popular industry. Most domains are 2 word combinations, rather than made up. Those have had a high reject rate, nothing that was a play of words was really approved for me.

    I will say that brandables in general are still a new area for me, despite domaining since 2006. A lot of this is a learning curve. A lot of rejections and approvals are pretty subjective, but I've just accepted them and focused on new names rather than dwelling on what I think should have been approved.
     
  23. loredan

    loredan Top Contributor VIP ★★★★★★★★★★

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    Is this thing new?

    Tried to add a WLM-listed name to one of the contests and got this. Looks like now you need to pay $3 per WLM domain or accept a 20% commission instead of 7.5% (min. $300) in case the name sells on their platform.

    Screenshot_2020-12-05 Standard Listings.png
     
  24. freety85

    freety85 Established Member

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    @JudgeMind I told you you will sell more names :xf.wink: On September 24 you had 27 sales according to leaderboard and now your stat shows 36.

    If my math is correct that are 9 sales in just two months basically.

    What have you changed since your below post in your approach? Lowered prices, participating in more contests or this simply shows the unpredictable nature of domaining?
    At the end of the day kudos to you and SH as 5% calculated STR is way above industry standard at 2250 avg price.

    I will also soon add my approved names hopefully can get a few sales as well...
     
    Last edited: Dec 5, 2020
  25. LoodeX

    LoodeX Established Member

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