news Thank You and Good Bye Afternic.com

[AbdulBasit.com]

Hello everyone,

I think this is the longest gap I’ve taken in between two posts but I’m sure this will come as a surprise to many of my fellow domain investors that I’m leaving Afternic.com

As many of my readers know that since January 2020, I’ve been using Afternic.com price request lander. It’s been almost 6 years using them and I had an overall great experience. With all the challenges and ups and downs including economic crisis and uncertainty in global market due to wars, I still had many extra ordinary months with the help of Afternic team. It was really nice working with so many Afternic brokers and especially my rep Adam Ramsdell who did all his best he could to get the maximum sales out of my portfolio. I sincerely appreciate Adam and the entire team whoever was involved in getting the sales happen smoothly.

There are two main reasons for leaving Afternic:

1. I’m no longer interested in paying any commission.
2. Like the way I opted Afternic from Uniregistry, now I would like to prefer handling and managing the portfolio and leads myself.

Overall, it’s been a rollercoaster ride with a lot of inconsistencies which I believe is part of the business especially domain investing. It took a lot of time to think and decide about this decision but I believe now is the right time to go and move onto the next level of my domaining journey.

Currently I’m in the process of trying something new and I’ll share more details in my next post, so stay tuned.

Thank you!

 

[boker]

Many potential buyers do not do this. Especially at the lower end (2-5k) of the market.

They search via registrar and if it's not "available" they search for something else. They have no idea of the aftermarket or that a taken name may actually be attainable simply by visiting the domain.

As a web developer I've sat with dozens of small business owners while they buy domains -- and been in countless meetings discussing domains -- and the majority of them only think in terms of available or taken and don't go further.

That is the value Afternic brings and the hill you have to overcome when running everything yourself.

I'm not a web developer, but I have lots of friends who own a small business and all are searching daily what the competition does, what other companies are doing. It's not aftermarket, it's pure common sense to type a web address, even before using a registrar. Also, if you are outside of US, like EU, China and most others, good look saying to somebody 'go to godaddy or afternic', nobody knows who they are. There are two main things, google or type a web address. Who knows that there is a registrar, will know to type a web address.

 

[JB Lions]

I'm not a web developer, but I have lots of friends who own a small business and all are searching daily what the competition does, what other companies are doing. It's not aftermarket, it's pure common sense to type a web address, even before using a registrar. Also, if you are outside of US, like EU, China and most others, good look saying to somebody 'go to godaddy or afternic', nobody knows who they are. There are two main things, google or type a web address. Who knows that there is a registrar, will know to type a web address.

Afternic has lots of registrar partnerships, not just Godaddy

So whether
you search at registrar
direct type in
Google the name

You should be good everywhere to maximize sales. Good landing page, in the registrar path, indexed in search engines

 

[Businessdrill]

Hello everyone,

I think this is the longest gap I’ve taken in between two posts but I’m sure this will come as a surprise to many of my fellow domain investors that I’m leaving Afternic.com

As many of my readers know that since January 2020, I’ve been using Afternic.com price request lander. It’s been almost 6 years using them and I had an overall great experience. With all the challenges and ups and downs including economic crisis and uncertainty in global market due to wars, I still had many extra ordinary months with the help of Afternic team. It was really nice working with so many Afternic brokers and especially my rep Adam Ramsdell who did all his best he could to get the maximum sales out of my portfolio. I sincerely appreciate Adam and the entire team whoever was involved in getting the sales happen smoothly.

There are two main reasons for leaving Afternic:

1. I’m no longer interested in paying any commission.
2. Like the way I opted Afternic from Uniregistry, now I would like to prefer handling and managing the portfolio and leads myself.

Overall, it’s been a rollercoaster ride with a lot of inconsistencies which I believe is part of the business especially domain investing. It took a lot of time to think and decide about this decision but I believe now is the right time to go and move onto the next level of my domaining journey.

Currently I’m in the process of trying something new and I’ll share more details in my next post, so stay tuned.

Thank you!

Your domains in still in sedo market.

Do you know that people check whois when they see domain in the market?
I saw your domain with afternic nameserver ...listed in Sedo

 

[AbdulBasit.com]

Your domains in still in sedo market.

Do you know that people check whois when they see domain in the market?
I saw your domain with afternic nameserver ...listed in Sedo

All my domains at Afternic and Sedo are delisted and none using Afternic nameservers.
Kindly share which domain did you see?

 

[Bravo Mod Team]

Is there anybody here that thinks that way is better than a landing page for the domain saying, Make Offer, Buy Now, This Domain For Sale etc. a proper landing page. I would love to see that argument how that's better.

@Rick Schwartz has explained this before:

He doesn't treat his domains like inventory; they're not commodities. When you treat domains like everyday items in a grocery store, you don't get big ticket sales.

Think of how high-priced items are presented in the real world at Tiffany & Co, Apple, Louis Vuitton, etc. Lots of space with very few items shown. That's not because they don't have enough inventory to show more.

Each domain of his is someone's "World Headquarters," as he puts it.

All of his interested parties are led to the same place, where he paints this picture (educates) and qualifies them (to save himself time).

Another basic concept in selling. More eyeballs usually equals more sales. Can somebody tell how less eyeballs equals more sales?

That's the key difference: he's not optimizing for more sales; he's optimizing for the biggest sales. He could easily sell domains every week if he wanted, but he chooses to sell only a couple per year at much higher prices.

It's a different strategy, and you can make a ton of money doing either one.

 

[Businessdrill]

autoinspection.com listed in sedo market for $150k
with afternic nameserver

 

[Businessdrill]

Have you seen my proove, before I write I verify my information, so stop all these that you have left sedo or afternic while you still use the platform

 

[AbdulBasit.com]

autoinspection.com listed in sedo market for $150k
with afternic nameserver

That's a good catch. Thanks for sharing. I wonder why the nameservers got changed because I've set default nameservers to Efty. I'll keep an eye on other domains.

 

[Businessdrill]

I am very accurate in what I say in the public.

 

[AbdulBasit.com]

Have you seen my proove, before I write I verify my information, so stop all these that you have left sedo or afternic while you still use the platform

Well, I appreciate you sharing the domain and I found a few more (in 20s).
What's there to get aggressive? I've no problem if you or someone else thinks that I'm still using Afternic/Sedo.

 

[JB Lions]

@Rick Schwartz has explained this before:

He doesn't treat his domains like inventory; they're not commodities. When you treat domains like everyday items in a grocery store, you don't get big ticket sales.

Think of how high-priced items are presented in the real world at Tiffany & Co, Apple, Louis Vuitton, etc. Lots of space with very few items shown. That's not because they don't have enough inventory to show more.

Each domain of his is someone's "World Headquarters," as he puts it.

All of his interested parties are led to the same place, where he paints this picture (educates) and qualifies them (to save himself time).


That's the key difference: he's not optimizing for more sales; he's optimizing for the biggest sales. He could easily sell domains every week if he wanted, but he chooses to sell only a couple per year at much higher prices.

It's a different strategy, and you can make a ton of money doing either one.

Having a proper landing page doesn’t mean your domain is everyday item quality, it means you’re sensible. Other big time domainers have proper landing pages, most don’t go a year and half without sales as he has.

And again, if you advertise thisdomain.com and it requires the interested party to go hunt for the domain or how to contact you, it’s just poor user experience. It doesn’t make the domain appear high quality.

And more eyeballs wouldn’t hurt big sales, the other eyeballs could be a bigger spender

More eyeballs, proper landing pages doesn’t hurt sales in any way

 

[Future Sensors]

@AbdulBasit.com

One more of those mistakes and there will be consequences.

Don't let it ever happen again!

 

[AbdulBasit.com]

@AbdulBasit.com

One more of those mistakes and there will be consequences.

Don't let it ever happen again!

 

[JB Lions]

That's the key difference: he's not optimizing for more sales; he's optimizing for the biggest sales. He could easily sell domains every week if he wanted, but he chooses to sell only a couple per year at much higher prices.

It's a different strategy, and you can make a ton of money doing either one.

More "biggest sales" are nice as well.

Just one last thing on this using a baseball analogy and real examples.

Old baseball saying goes something along the lines of, while we all like to hit home runs, it's the player that can consistently hit singles that will have a career.

Rick Schwartz - seems only interested in hitting home runs/grand slams. It works for him. But how many here would be ok with going a year and half without a sale? He mentioned that but then had a big sale, 7 figures I believe and then another shortly after. But that's not most people.

But for most people here and most other bigger domainers, it's more

home runs, triples, doubles singles

So using bigger domainers, examples (based on public posts) will be:

Frank Schilling when he was active
Mike Mann gets 20+ sales a day

Mike will get singles, doubles, triples and sometimes hit a home run.

Making an end user work for it, putting up hurdles in trying to find the domain or you, doesn't accomplish anything, doesn't make your domain more valuable.

 

[forge]

Making an end user work for it, putting up hurdles in trying to find the domain or you, doesn't accomplish anything, doesn't make your domain more valuable.

So thank you EU+GDPR (bitter sarcasm)

 

[alcy]

You don"t seem to understand.
I've tested all the options including listing all my domains in the same time at both afternic and godaddy without bringing to much extra.
If a buyer owns techteaminc.com and want's techteam.com, even if he tries afternic/godaddy first, they will still come to your landing, if it's not listed there.
If the buyer want's a tech and something or something and team, godaddy will recommend your 'techteam.com domain after 500 other recommendations, so you still have small chances to sell that domain because of them.
When it comes to an invented brandable, the chances are even smaller than that, you have bigger chances with atom or bb.
The only way to sell your domain because of them it's when they recommend your domain to a buyer who looks for your techteam domain, when he types in tech or team keyword and their system will recomment it, but that's a lottery, with thousands of tech and something or something and team listed in their system and thousands more techteam.ltd techteam.horse recommendations, that's why I was saying maybe an 5% extra because of them.
I don't know how to explain it simpler than this.

sorry not quite how things work

even if u do fine with not updating an names folio .. u will do even better if u do

everyone will

cause that's how logic exposure and sales work

gl

 

[Bravo Mod Team]

Having a proper landing page doesn’t mean your domain is everyday item quality

We agree! Especially if you use our landers; they're the Tiffany & Co.

 

[alcy]

We agree! Especially if you use our landers; they're the Tiffany & Co.

hahah

u shoulda said faberge

 

[boker]

sorry not quite how things work

even if u do fine with not updating an names folio .. u will do even better if u do

everyone will

cause that's how logic exposure and sales work

gl

Around 4 years updating and never made more than 10% extra with both of them (godaddy+afternic), so that shoyld say it all. The big thing is that I was not using their landers, so without landers, they could make 10-20% extra but will payout times, bugs, shit customer service it could not worth it even at 30% extra. Even with sedo, if you use their mls is around the same, 10% without landers.

 

[cuanta]

...

1. I’m no longer interested in paying any commission.

I would be curios what was the total accumulated commission $ you paid all those years.