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budget: $5000+/item The Goodwill of Domains!

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Rob Monster

Founder of EpikTop Member
:heavy_check_mark: Epik Founder
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Epik has another search in progress for a targeted project that fits into the Microfinance strategy that is currently taking form. We are engaging outside counsel to se up a Charity/Philanthropic arm of the Epik family. The purpose of that entity is to receive (domain) donations. I call it "The Goodwill of Domains" which will scalably fund Digital empowerment grants all over the world.

Here is how I believe domain donations will work:

- Domain owners submit domains with auth codes
- Ownership verification is verified
- Domains accepted transfer starts and user is notified
- Domain arrives
- Domain donor receives receipt with valuation
- Domain is listed with landing page for buy/lease
- Proceeds are used for funding Digital Empowerment grants


The site will also include a section with User profiles where users can create profiles as Staff, Volunteer, Donors and as Beneficiaries. The technology for doing this community is likely going to be based on Pleroma, Hydra or Mastodon -- technologies for highly resilient decentralized community platform which is also being integrated for upcoming Toki.com project as a decentralized Fediverse "Smart Agent" service.


On the donation site itself, we include real-time transparent disclosure of all activity and/or change of status:

- If donor was not anonymous, display <domain> was donated by <donor>.

- When domain is sold, <domain> donated by <donor> has sold for <amount>.

- Digital Empowerment grant of <amount> was made to <beneficiary>.

- <Beneficiary> reported about their impact from their grant.

- <Community Member> posted feedback.


The domain specification:

- .COM and/or .ORG
- Up to 12 characters, including TLD.
- Conveys charity/philanthropy and empowerment in the digital age
- Can be English, Greek or Latin
- Preference for a domain where .COM and .ORG can both be secured.

Lord-willing, we'll select a the top contenders within 7 days and then run a poll with the finalists before buying the domain name to be used for this project. In the meantime, as proof of concept, we have already started giving out grants this week and are interviewing team members. Send candidates to @franka46.

I think it is an exciting project. It fits very strongly with a personal passion: DIGITAL EMPOWERMENT. This is a topic that I fellow Board director @Braden Pollock is also passionate about. We spoke earlier this morning. Perhaps his experience with Benevolent.net will prove relevant for this initiative.

Last but not least, we are also going to source some educational content that will teach program participants about domain investing and how to set up impactful digital presences at low cost. There is an abundance of good teaching content already out there so we'll leverage this heavily.

If folks want to contribute domain names to this project ahead of the tax-exempt entity being formed, you may do so by sending domains with auth codes to [email protected] -- working name courtesy of @Blitzpotz because of his random act of kindness yesterday.

Monetary donations are also welcome. However, be aware that tax exempt status is still a month or two out. Once we have a final brand name for it, we'll set up a dedicated PayPal account for the program. For those who don't care about tax-exempt status, there is BTC address here:

1EErxU6KUmJBD8xoAiMSJ2qBp8UPfSLgkK

Input and advice is also welcome in this thread or you can wait for the poll thread to come up in a few days where your comments can be liked and thanked and where the thread will remain open. This domain wanted thread will only be open for a short while. Feel free to comment here about the program.

Thanks for looking.
 
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AfternicAfternic
The domain industry suffers from scarcity of liquidity due to the scarcity of of deep-pocketed retail buyers who know the domains exist. Our challenge is to fix that. I believe we can and we will.

Rob, could you please explain it a bit more ?
 
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Rob, could you please explain it a bit more ?

Here is a very simple illustration.

Last night, an Epik client picked up the domain name Snore-Stopper.com for $9 at the end of Daily Diamonds:

https://marketplace.epik.com/daily-diamonds

I am happy for the guy who bought it since I see do a clear path to ROI on this one. On the other hand, I am less happy for the domainer who never sold it.

In the meantime, what I see happening with emerging market domain investors is they can take that $9 domain and they will go find a buyer. They don't need the 4 or 5 figure exit. They can take a 5 or 10X on their investment and still call it a win. Mostly I see them selling names for around $299.

In emerging markets, the idea of making even a single $299 sale for a domain that costs $9 and for which you don't have to commute to do the work is a life-changing scenario as in many places in the world, it is enough profit to live on for a month!

On the other hand, when you don't have to sell, and can wait patiently for your buyer, that $9 domain is not a $299 sale but a $2999 sale or more -- if you are willing to be patient and move up the value chain by merchandising the domain effectively, e.g. with the SSL landers, and waiting patiently.

Looking ahead, I am not sure how quickly the market saturates at the low end of the market, but at the moment, it seems far from saturated as 100,000 .com drop per day and not all of it is crap, and only a fraction is being picked up on the drop by pro dropcatchers.

On the other hand, if we do our job well, Nigerian and Indonesian domain speculators will not just be selling development-grade domains to western end-users. They will be selling, leasing, partnering and co-investing with business owners in their own markets!

I realize that to some hardened skeptics, sound of this may sound fanciful, but I really don't think so.
 
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That would be great if there would be a project somehow could help the domainers struggling to continue their business due to lack of sales and renewing expenses like the guy for him you feel sorry, who dropped the domain probably because of this.
 
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That would be great if there would be a project somehow could help the domainers struggling to continue their business due to lack of sales and renewing expenses like the guy for him you feel sorry, who dropped the domain probably because of this.


Keep in mind that some people let some domains go because they are constantly in the process of upgrading their portfolio. It's hard to maintain a large portfolio and keep everything, but if you keep refining and triming your portfolio to become a small and manageable size of all quality domains then even though you have fewer domains, but your overall portfolio is much better.

My motto is to keep only so many domains that you can remember each one personally. Although there are a lot of people who play the numbers game and so they keep very large portfolios, but I personally find that to be too stressful to manage (at least for an Oldtimer like me :)).

PS: domaining is just a hobby for me.

IMO
 
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Gohostty.com

Resister at godaddy. Com
 
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DM sent.
 
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