marketplace Stud marketplace coming soon (Domain King)

[Lox]

...
In case you haven’t heard my partners and I are opening up not only a domain brokerage, not only a marketplace on Stud.com but we have added some secret sauces that’s going to blow the doors off of the industry and open us up to the world.

Stud.com was born on July 1 via a Twitter post and for the last 100 days or so we have been working night and day to bring Stud.com online.

The domain marketplace is about 1/3 of what stud.com is going to be about.

In the weeks ahead we will unveil version 1.0 of STUD. But we won’t stop there. We have big plans for expansion as we add these new features.

read more (Ricks blog)

 

[Name Trader]

i didnt sell them i let them expire and the two domains were bought after i let them expire but it is nice to know that i once owned them etc and that big forwatd thinking companies are buying and using new gtlds that i once owned

That would make me feel bad that I didn't have the foresight to hold onto them

 

[Bob Hawkes]

I follow Rick on Twitter, but don't use Clubhouse.

So I take it that it will be by subscription? Has he indicated what that will be? Will it be strictly subscription, or a combination subscription plus commission?

I take it he is setting some minimum selling price for any names accepted?

He says that it is a brokerage, but much more than that. Has he specified what is meant by more?

Thanks for any information from those who attend the clubhouse sessions.

Bob

 

[alcy]

...
In case you haven’t heard my partners and I are opening up not only a domain brokerage, not only a marketplace on Stud.com but we have added some secret sauces that’s going to blow the doors off of the industry and open us up to the world.

Stud.com was born on July 1 via a Twitter post and for the last 100 days or so we have been working night and day to bring Stud.com online.

The domain marketplace is about 1/3 of what stud.com is going to be about.

In the weeks ahead we will unveil version 1.0 of STUD. But we won’t stop there. We have big plans for expansion as we add these new features.

read more (Ricks blog)

i think every new project says this... but I like yer enthusiasm.. ps just curious what's the other 2 thirds then if not domain related? I assume it's why u picked stud for name..cause most of site is not domain related? gl tho

 

[Kingslayer]

I don’t get the business plan.

Attempting to inflate prices for domains x50 than what they are now and charging domainers thousands to join, why would this be appealing for both investors and potential end-users? End-users will just go for the 2nd option, as for investors why would domainers go anywhere near it when (as said) the platform is going to cost thousands to join and when there’s fantastic brokers out there who don’t charge anything and only a fee upon a successful sale?

Good luck to him, but I’ve never heard of a new business venture saying they are going to charge partners and customers a fortune say and expect people to be excited by that, if it went on Dragon’s Den it wouldn’t get very far.

 

[platey]

I don’t get the business plan.

Attempting to inflate prices for domains x50 than what they are now and charging domainers thousands to join, why would this be appealing for both investors and potential end-users? End-users will just go for the 2nd option, as for investors why would domainers go anywhere near it when (as said) the platform is going to cost thousands to join and when there’s fantastic brokers out there who don’t charge anything and only a fee upon a successful sale?

Good luck to him, but I’ve never heard of a new business venture saying they are going to charge partners and customers a fortune say and expect people to be excited by that, if it went on Dragon’s Den it wouldn’t get very far.

just imagine if zuckerberg went on dragons den in 2004 and was asked where do you see this business in 5 years time?

and what if zuckerberg said well ll be the 5th richest person on the planet in 17 years time lol which he is

 

[Kingslayer]

just imagine if zuckerberg went on dragons den in 2004 and was asked where do you see this business in 5 years time?

and what if zuckerberg said well ll be the 5th richest person on the planet in 17 years time lol which he is

I get that. But Zuckerberg created something better than his competitors and doesn't charge people to join Facebook.

What Stud is going to be (even though we know little about it) is a service, but a fee for this service and a service with no proven track record that it works and looking at some of his business plans that he as shared (inflation of domain prices) i do have my doubts if it will work.

I hope it does work, but i think theres more of a chance things not working out how he envisioned, Rick getting bored and closing it up, the problem should that happen is 'some' people will have paid thousands to be a member for a year and if he does end up getting bored and a refund isn't given, it could all end up going Adam Dicker.

But lets see the full business plan ie who's involved, is it just him or various people? And the services on offer and what people get for joining up and ultimately lets see if all works in terms of sales.

Good luck to him.

 

[Elad n]

@Rick Schwartz said its not gonna cost thousands to join but will have min domain value of 2.5k

 

[Kingslayer]

Unless I'm reading it wrong, this part:-

===
The minimum value for the first year will be $2500. However I want everyone to know that that number will be going up substantially. Those that sign up early will be grandfathered in for at least one year. And I will grant them one year more. However after that it’s just going to be whatever the minimum is. I hope to raise it to $5000, $10,000, $25,000 and eventually at least $100,000.
===

Says to me that there's a fee to join.

But if he's clarified that this isn't the case (i've not read the comments in his blog), that's fair enough.

 

[nononsense123]

Unless I'm reading it wrong, this part:-

===
The minimum value for the first year will be $2500. However I want everyone to know that that number will be going up substantially. Those that sign up early will be grandfathered in for at least one year. And I will grant them one year more. However after that it’s just going to be whatever the minimum is. I hope to raise it to $5000, $10,000, $25,000 and eventually at least $100,000.
===

Says to me that there's a fee to join.

But if he's clarified that this isn't the case (i've not read the comments in his blog), that's fair enough.

He's talking about minimum selling price.
The fee will be like 99 per year and onwards

 

[Bob Hawkes]

Says to me that there's a fee to join.

But if he's clarified that this isn't the case (i've not read the comments in his blog), that's fair enough

He has posted on social media that it will be a subscription model. So yes a fee, supposedly annually. I have not seen a specific clear statement re what that fee is, but may well have missed it or he only gave it orally on CH.

I am not sure if those figures are the fee or the minimum sales price.

 

[karmaco]

He is referring to the minimum selling price for the first year. After that time, he wants the minimum raised and likely with that higher quality. Lets not spread falsehoods.

 

[Bob Hawkes]

He is referring to the minimum selling price for the first year. After that time, he wants the minimum raised and likely with that higher quality. Lets not spread falsehoods

Thank you for the clarification.
Has he stated what the subscription price per year will be?
Bob

 

[Future Sensors]

Brokerage of a $2,500 value name will be interesting.

 

[Bob Hawkes]

Brokerage of a $2,500 value name will be interesting.

Agree.
I guess the question is will it be a traditional brokerage, that usually start $10k or $20k and take their commission, or will it be more like a brandable marketplace model, that do negotiate and handle sales, and so some promotion in a variety of ways, but don't do the sort of research and outbound calls that the main brokers do.
Bob

 

[Future Sensors]

Agree.
I guess the question is will it be a traditional brokerage, that usually start $10k or $20k and take their commission, or will it be more like a brandable marketplace model, that do negotiate and handle sales, and so some promotion in a variety of ways, but don't do the sort of research and outbound calls that the main brokers do.
Bob

We'll find out soon. At this moment these low values mentioned, don't match with the text in the blog ("When it comes to valuation domainers are either up in the ozone for worthless domains or they’re giving away life-changing domains for less than life-changing amounts. Sometimes even chump change. When will they ever learn??")

Interesting times.

 

[Ostrados]

$2500 is min domain price.

https://www.ricksblog.com/2021/10/d...-breed-domain-names-sign-up-now/#.YWwvALdRWdN

 

[loredan]

Looks interesting on paper, I'm sure Rick has a great plan in place for this project.

I also hope there will be a fee to join otherways everyone and his mom will flood the marketplace with all the crap you see in the other free places.

 

[HotKey]

Unless I'm reading it wrong, this part:-

===
The minimum value for the first year will be $2500. However I want everyone to know that that number will be going up substantially. Those that sign up early will be grandfathered in for at least one year. And I will grant them one year more. However after that it’s just going to be whatever the minimum is. I hope to raise it to $5000, $10,000, $25,000 and eventually at least $100,000.
===

Says to me that there's a fee to join.

But if he's clarified that this isn't the case (i've not read the comments in his blog), that's fair enough.

I don't think that's indicative of any fee, as karmaco and Elad n pointed out, to have the domain initially accepted on the platform it will have to have a minimal twenty-five hundred dollar value estimation. Imo values are subjective, so wonder where this valuation will come from but at the same time, his gig his rules. But I do like the hard-line approach to ultra-quality on this, weeds out a lot of nonsense.

At the same time this could have detrimental effects on the regular domainer in the long run due to an already established prominence in the industry and combined with excellent marketing. Many of us simply don't have the deep pockets to position our domains for maximum dollar value.

A good domain can sell itself, but a good domain at a killer venue has that much more eyes.

 

[Kingslayer]

He has posted on social media that it will be a subscription model. So yes a fee, supposedly annually. I have not seen a specific clear statement re what that fee is, but may well have missed it or he only gave it orally on CH.

I am not sure if those figures are the fee or the minimum sales price.

Yeah saw from his blog its going to have some sort of subscription model, from reading that to the quote i posted, when i saw those prices (thinking those are the subscription prices), i thought it was going to be some kind of millionaires only club for domains.

But as said in my reply last night, i must have read it wrong, so with that take back what i said and looking forward to seeing how this project develops.

 

[Sheogorath]

While it is true there are many domain valuation metrics, many times value is in the eye of the beholder.
For example, I think most people have not expected voice.com to be sold for $30M.
Domains I consider to be 5/6 figures USD may look like 4 figures USD for certain/many individuals.
I understand the need for an exclusive premium marketplace, but if the standards will be ultra high, the overall amount of domains offered for sale will be small and thus the revenue will be little.