Undeveloped.com Experience

[JudgeMind]

Has anyone used undeveloped.com to sell domains? They claim to be able to increase a domainers sales by 54%.

 

[JudgeMind]

If deal is about to go wrong which is normal in this business, undeveloped can step in to put things straight. Free brokerage service... imo

I am a broker, so I can handle that kind of thing myself.

 

[Haykay2005]

I am a broker, so I can handle that kind of thing myself.

Well.. In terms of escrow service, undeveloped escrow service is mile ahead. You just can't compare it to the rubbish escrow.com deliver. What about that?

 

[UmerK]

id say they both have clean beautiful landing pages, integrating escrow.com with efty offers the same benefits.

Im just trying to decide if I should continue to save money on commission using efty, I don't think there would be more conversions by switching to undeveloped.

I broker names as well and have been paid efty member so I guess I'm well suited to answer this.

I don't know why but end users appear to be far more comfortable with Undeveloped pages.

I do heavy outbounds on all sort of names and used to have them parked with efty, not a single one clicked on buy now or made an offer through efty

2 months forward i moved some names to Undeveloped, followed the same process as with efty ones. I have closed 2 sales for names still within 60 day lock, one simply clicked on buy now and other made an offer on page after reading email, I got another offer from outbound which didn't convert

But I believe, adding Undeveloped brings confidence to the deal, I really don't know why end users prefer these pages over efty but if I were to take a bet it would be cleaner and faster pages with far more clear instructions.

I still use efty as a portfolio management tool and I hope @Undeveloped brings in that sort of dashboard to see renewals coming up and an overview of portfolio.

9% commission is reasonable and I can totally see myself closing a lot more deals with them compared to efty pages.

 

[xynames]

@Undeveloped

When will we be able to send multiple counter offers or have the ability to accept prior offers were countered??? This is killing deals imo and sellers are the ones losing. We should be in full control

As far as “have the ability to accept prior offers” that you countered and did not accept, NEVER.

This is as a simple matter of law - nothing to do with Undeveloped. When an offer is made only a perfect tender (exact acceptance of the exact offer and terms) creates an enforceable contract (deal). Any counteroffer extinguishes the validity of the original offer.

 

[JudgeMind]

Tough pill to swallow paying 15% commission on each sale vs only $15-$30/mth. For the savings, I'm leaning towards staying with efty.

So far this year at efty I sold $42,789 and paid $135 in efty subscription. If I had paid 15% commission on that it would have cost me $6,418

 

[xynames]

Undeveloped charges 15% just to use their landing pages or do their brokers negotiate the deal for you, including by immediately getting on the phone with the buyer the way Afternic brokers do?

 

[DotKing]

what makes undeveloped better than efty? explain please

Undeveloped: landing pages, brokering, escrow, prompt payments, etc etc = peace of mind
Efty - landing pages (paid plan)

I'm really interested in what makes Efty better than Undeveloped to you, please?

Undeveloped commision is 9% not 15%
or even 5% if you use just their escrow

 

[JudgeMind]

Undeveloped charges 15% just to use their landing pages or do their brokers negotiate the deal for you, including by immediately getting on the phone with the buyer the way Afternic brokers do?

You negotiate the deal yourself and they just handle the payment (escrow). If a buyer is not paying or late paying, they will step in and assist.

 

[xynames]

Wow. So all these people are paying Undeveloped 15% just to use their landing pages and escrow?

To quote Dustin Hoffman in Papillon, “That sounds kind of...desperate.”

From these two articles:
https://domainnamewire.com/2016/02/29/49287/
"Like most of its competitors, Undeveloped charges a 15% commission on sales, including escrow fees."
https://bitcoinexchangeguide.com/undeveloped/

Undeveloped commision is 9% not 15%
or even 5% if you use just their escrow

Last I checked it’s 9% if inbound through their lander page and 5% if you bring your own lead/buyer and use their escrow/payment system to conclude payment/deal.

What, so all you guys are using it and don't even know what you are paying?


Why would I pay even 9% just to use someone's landing page? who doesn't even broker the sale that's astonishing. But it sounds like if you use their landing page you must use their escrow too which is why the article states that "Undeveloped charges a 15% commission on sales, including escrow fees."

 

[SuperNames]

Last I checked it’s 9% if inbound through their lander page and 5% if you bring your own lead/buyer and use their escrow/payment system to conclude payment/deal.

 

[techpr]

From undeveloped.com website
https://undeveloped.com/help/seller_guide

How much commission do you charge?
We charge a 9% commission (excluding VAT) on every sale conducted through our marketplace.

 

[karmaco]

I think most of us would rather self broker and pay the 9% than pay the GoDaddy Monster a lot more. and not have to deal with problematic Escrow.com.

Pretty sure you only pay additional fees if their is a payment plan in place. Whoever wrote the article needs to correct it.

 

[UmerK]

I would rather pay 9% and close deals than go with an option that yields 0 sales for $135.

Quite a few people like myself have no idea about landing pages and Undeveloped puts the work brilliantly.

 

[davidc1]

No but you pay far more in the long run by paying commissions. No commissions at efty

which escrow and/or type of payment do you accept ?

 

[JudgeMind]

which escrow and/or type of payment do you accept ?

PayPal and escrow.com

 

[loredan]

I thought this thread is about "Undeveloped Experience" not "Let's moan about the 9% fee" or "This marketplace is better than the other just because" ... Some people might be happy paying monthly at Efty, some other paying 20% at GD or coughing 30% at BB depending on their business model. Undeveloped IMHO is very responsive and the guys working there help you big time. Fast payment processing as well, probably the fastest in the industry and this is a big plus. For example I had a domain sold in monthly instalments and the buyer missed the payment deadline once, I just got in touch with Simon, he contacted the buyer, don't know what he told him but from then on the buyer always paid on time. This for me worth the 9% fee alone since Undeveloped spent their time and skills to make sure I receive the payment on time.

@Undeveloped , is there any way to turn off the "Make an Offer" thing at the bottom of the "Buy Now" box? Would be great if we would be able to turn that on or off per each domain. Yesterday I negotiated with a potential buyer via email, we pretty much agreed on price, then he went to the domain landing page, saw the "Make an Offer" option and made me a much lower offer (which I obviously rejected). He stopped replying to emails since then so just the fact that he saw the "Make an Offer" option was a deal breaker in this case.

 

[DotKing]

is there any way to turn off the "Make an Offer" thing at the bottom of the "Buy Now" box?

Just put same price for BIN and Minimum offer

 

[loredan]

Just put same price for BIN and Minimum offer

Oh I see... thank you so much!

 

[Haykay2005]

Tough pill to swallow paying 15% commission on each sale vs only $15-$30/mth. For the savings, I'm leaning towards staying with efty.

So far this year at efty I sold $42,789 and paid $135 in efty subscription. If I had paid 15% commission on that it would have cost me $6,418

Sorry where did you see 15%? Undeveloped charges 9% and 5% if you imported your lead

 

[domains21]

Sorry where did you see 15%? Undeveloped charges 9% and 5% if you imported your lead

Instead of reading the information on the site in question itself some prefer to rely on 2+ year old posts on third-party sites.