Testing Out Domain Name Sales
I’ve been meaning to sign up for a while, but I didn’t apply until yesterday. The reason is that I don’t make much money from PPC, and I didn’t want to ask for a favor to open an account, knowing the company has specialized in servicing accounts with significant PPC earnings. Now that the company has launched the new and improved Domain Name Sales platform and iPhone app, it seems they are opening up the platform to owners of very good domain names, in addition to those who make solid PPC revenue.
I spent some time yesterday evening uploading some of my domain names and testing it out, and I want to share some feedback. So far, I am impressed with the back end and user interface. It’s simple for someone to make an offer on a domain name, and it’s quite easy to respond, complete with supporting information about the domain name and the ability to finalize a deal.
Here are some things I really like about the platform, some things I feel need improvement, and a few suggestions:
- I personally enjoy the negotiation aspect of closing deals, so I chose to the self-brokerage option. I really like that there are other broker options included in the platform, especially Frank’s personal brokers. It would be great if additional brokers were added (like Sedo and Aftermarket.com for example) and more information was included about the companies, including information about their specialties, recent sales, and top sales they’ve helped to close.
- It’s fantastic that there are response templates with canned replies already created, and that the user can edit various reply options as desired because it makes responding more easy. I was hoping to glean some insight from Frank on how he negotiates with the pre-made replies, but I wasn’t all that impressed with the verbiage and tone of the stock emails. This was somewhat disappointing to me, although the template feature is great.
- When categorizing domain names, it would be better if I could type in a keyword and the categorization options would show up. It’s a bit frustrating to have to choose a main category and then a sub category on names that may be a bit obscure, if the auto-classification function didn’t work well.
- The iPhone app is great, and the best feature is the ability to add friends (using their email address) to ask their opinion about a domain value when an offer is received. It’s a neat way to get expert opinions, assuming you have some experts willing to give their feedback. If you would like to add me, I’d be happy to try and give my pricing advice when needed. My email is DomainNames @ g if you want to add me.
- I like how you can set a minimum offer on your inquiries. Instead of having to deal with unqualified buyers, you can set a minimum offer. That said, it’s pretty easy for someone to enter a fictitious number in order to be able to email you and get in touch, even with a confirmation of their offer.
- It’s great how the site is integrated with Escrow.com for easy closings, and the platform is free to use (only commission is if you use a broker). This makes it more enticing to try out, especially because I’ve heard good things about the platform.
- It’s neat that you can interact with a potential buyer as if you are a third party broker. It’s sometimes better if the buyer thinks he or she has to communicate through a third party to get to the decision maker, and this allows you to keep the parties at arms length throughout the process. It’s a solid negotiating tactic.
If you’ve tried out Domain Name Sales, what are your thoughts on the platform? Is there anything you’d like to see changed/revised?