Squadhelp to launch a “Wholesale Marketplace”

[JudgeMind]

In a newsletter sent today from @squadhelp , the company has announced their launch of a “wholesale marketplace” where sellers can sell their listed squadhelp domains to other sellers.

 

[biggie]

so, how much commission will they charge?

imo...

 

[JudgeMind]

so, how much commission will they charge?

imo...

Perhaps @GrantP can comment?

 

[Furquan]

Excellent point - The Alexa ranking is based upon several estimates and tracking technologies which may not be very reliable. These days, tools such as SimilarWeb offer a bit more scientific view, but again these tools are based upon estimates. This is the reason, we reviewed our performance across 3 different tools with independent tracking technologies. The reason we used external tools is so that we can offer a more objective point of view from external tools that track and report this information publicly.

Let me check with our team if we are able to share some information directly from our own Google Analytics (due to competitive reasons, we do not typically share our internal numbers but your point is valid, and I will follow up with our team).

I would suggest not to disclose Google analytics data.

I agree Alexa it's not a reliable source but let me tell you Alexa is something which tells how a market/website is growing.

Keep it up, you people already beating a lot of sales to your competitor. I have rumours of one of "*Small Brandable Marketplace" going to be sold.

 

[Recons.Com]

Excellent point - The Alexa ranking is based upon several estimates and tracking technologies which may not be very reliable. These days, tools such as SimilarWeb offer a bit more scientific view, but again these tools are based upon estimates. This is the reason, we reviewed our performance across 3 different tools with independent tracking technologies. The reason we used external tools is so that we can offer a more objective point of view from external tools that track and report this information publicly.

Let me check with our team if we are able to share some information directly from our own Google Analytics (due to competitive reasons, we do not typically share our internal numbers but your point is valid, and I will follow up with our team).

Thank you for your detailed and to the point responses!

No need to expose any confidential info. Maybe something along the lines of percentage growth over a period of time, total visitors currently.

 

[Kachi]

I don’t think I’d like to risk this, there is an open door here where end users can have three listings and purchase my names for a fraction of the listing price. I don’t think it will take long before it’s well known that this is an option and it will in the long run affect the overall sales to end users at end user pricing. I think I’ll respectively decline at this point to list any names in the wholesale marketplace and sit back and see what happens first.

My thoughts EXACTLY

 

[Furquan]

I think the restrictions on the use of the wholesale marketplace should be tightened up right from launch. I think that this opportunity should be open to only those sellers who have won a contest, have sold a name on the marketplace or who have 10+ premium listings in their account. There is a potential to lose a lot of sales to end users who figure out they can buy names for $xx instead of $x,xxx. I think even if it took them 50 names to submit to get three approved it’s still going to save them a lot of $ in the end. How many buyers on your platform are repeat buyers? I’d say lots are, I think if they caught wind of this wholesale marketplace, they would take extra measures to reduce their overall expenses.

I’m just being very cautious with this because I see the potential for it to backfire given the current setup. I really enjoy squadhelp and everything your team has built.

I don't think an end-user going to do this. if they were being smart don't you think they simply made up one name like the listed name?

I am happy that SquadHelp doing outbox things, it is great for a small seller like me, sometimes we need to sell our names at wholesale price. putting a restriction as 30+ Plus name published then you get slack channel pass (its BP policy and I am not happy with this) or your ideas.

If someone gets to knew even this I can tell you the impact will be minimum and its always the buyer luck. As it will be the buyer who will decide to sell his name at wholesale price because he wanted the money. either he got it to by selling at wholesale price or at the premium price.

 

[biggie]

The knowledge that such a place exists can make end users feel like they have the option of paying $XX instead of $XXXX and that can't be good for their mind frame and for sales. Such trading is best done on the down low,

forget end-users,
worry about other domainers, as we will be the one's snatching up any crème and leaving the crap.

but same thing can happen on NP, GD, or any other marketplace, forum, venue, etc... if sellers are willing to take wholesale amounts for their names.

as is, most wtb threads are looking for wholesale, reseller, rock bottom, below the floor, deals anyway.

and at NP, there is no commission fee.

quality and appeal, will dictate what get sold, so I don't see the need to be sweatin

as for having to submit 25 names and get a certain amount of them approved for Premium listing, that seems like too many hoops to be jumping thru...just to participate.

imo...

 

[biggie]

@biggie I think there's quite a difference between people trading in a forum and a brandable marketplace creating a wholesale marketplace within its domain, including extensive explanations about its existence and actively making end users realize that some of the names that are offered to them are offered to domain investors for $XX instead of the $XXXX they're expected to pay.

Hi

to me, there isn't much difference
premium here, premium there, premium everywhere.
lot of "premium listings" aren't premium at all, but many get psyched up about it.
most times when you get premium listing on a marketplace, you're paying for it
if it really was premium, you'd be getting "paid for it"

I've seen domainers say they have names published on bb, bp, etc.with $$$$ prices, and then they will post them for sale here for less than $25.

and...to expect an enduser or anybody else to pay $$$$ for a fresh hand reg, may be expecting too much

not trying to pour dirt on them but -
if one has that much concern that this wholesale marketplace will devalue domains, that you think should sell for more.... then why use it?

the lure is the news of "other sellers sales", but there is no guarantee your names or mine, would sell there

it just one of many platforms available, except they are offering a new type of pick and shovel.

dig it

imo...

 

[dande]

I am very excited about your business model but heavily disappointed in the quality of domain name you are using.

What the hell is SquadHelp doing in a domain name marketplace? Are you running a customer care call center??

 

[Furquan]

But names that sell for 1k-2k should cost around 25$ wholesale just because only 1-3% of them will sell and you will pay 20% to 35% commission and renewal for 97-99% of names that did not sell.

It is a shock for a buyer if they find out though because they have no clue about the sell through.

I have sold three squadhelp listed names for $500 here (the funny part all of three was previously listed on Brandpa) to one of the seller here., you knew it happen because SquadHelp doesn't remove your name and nor give you warning of selling your names outside, unlike other marketplaces.