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First attempt at selling a domain with Freemarket

by SkyJarman
17 replies
I have got to say, i am a bit discouraged with freemarket. Not because of anything i have experienced personally YET. Just simply all the bad reviews and people complaining.

I paid for the 30$ Featured ad listing.. Lets see where it gets me.

I have yet to see someone post about freemarket and have actual success. All though i haven't looked very hard. I will be updating my thread and letting everyone know my experiance.

I noticed a domain "payment.com" For $10 Million and has more then 1 bid... Is this a hoax?

Update: 9/19/2014

No success with selling on freemarket.com, It has only been a day.. Not much to update on. I don't see very much bidding going on though so it does concern me.

Update: 9/20/2014
Reduced price.
I paid the 45$ for premium listing. Growing very disappointed with freemarket.. More replies and hits off flippa so far.

Update: 9/28/2014
I wish they offered refunds! I adjusted price, edited my topic. Still NOTHING. Maybe it is the domain I am trying to sell, maybe it is my inability to just sit and wait and why i shouldn't attempt to sell a domain in the first place. Either way I am not impressed with "Freemarket" in the slightest!
#attempt #domain #freemarket #selling
  • Profile picture of the author SkyJarman
    Added update. No success yet! This is my first time ever selling a "Domain Name" Not much experience. All suggestions are extremely appreciated.
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  • Profile picture of the author HelpingYouBeAnExpert
    I think there are in general (not just freemarket.com) sellers then buyers and there are like 1000 new TLD's imagine if just 50,000 sellers all buy 100+ domains it's going to be a flood. I'm not sure if this is true but there are so much seller and a buyer can get a brand new domain easy.
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  • Profile picture of the author sbucciarel
    Banned
    Honestly, Freemarket is way too undeveloped and underpromoted to invest any actual money into. I only listed a few domains because it was free, but I wouldn't pay for any enhancements until it has become a serious competitor to Flippa, and I don't mean serious WF buyers, because the majority of them are just looking for cheap stuff.
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    • Profile picture of the author SkyJarman
      Originally Posted by sbucciarel View Post

      Honestly, Freemarket is way too undeveloped and underpromoted to invest any actual money into. I only listed a few domains because it was free, but I wouldn't pay for any enhancements until it has become a serious competitor to Flippa, and I don't mean serious WF buyers, because the majority of them are just looking for cheap stuff.
      I couldn't agree more with your post. I have grown very disappointed with "Freemarket" I figured I would have at least ONE bite..

      Looking on the positive side of things rather than being a "Downer Debbie" I obtained a lot of knowledge with my first attempt at selling a domain. I don't think it's quite my cup of tea.. But, I can see how someone else would be able to make a good living. Like i stated, Just not my cup of tea.
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      • Profile picture of the author StefanFreeMarket
        Hey All,

        Thanks for the feedback. We are hard at work trying to incorporate everything you've asked for in upcoming releases so stay tuned!

        Cheers,
        Stefan Hogan
        Product Manager, Freemarket.com
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  • Profile picture of the author Joan Altz
    The turn-off is something I pointed out before - namely, too many ridiculous BINs in the tens of thousands and hundreds of thousands dollar range filling up the first page. The average buyer from Flippa sees that, they're gone.

    Did you guys do any market research at all before you decided to set things up like this? Who is your target customer - Donald Trump?
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    • Profile picture of the author StefanFreeMarket
      Hey Joan,

      We definitely want to get better at surfacing good domains and websites so people can find what fits their needs. Stay tuned for future updates on this issue and let us know if you have any more suggestions.

      Cheers,
      Stefan
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    • Profile picture of the author SkyJarman
      Originally Posted by Joan Altz View Post

      The turn-off is something I pointed out before - namely, too many ridiculous BINs in the tens of thousands and hundreds of thousands dollar range filling up the first page. The average buyer from Flippa sees that, they're gone.

      Did you guys do any market research at all before you decided to set things up like this? Who is your target customer - Donald Trump?
      No, I already asked Donald Trump... He wasn't interested unfortunately.
      All sarcasm aside, This was my first attempt at selling a domain name EVER. I honestly never really thought I would make much money doing it. Turns out i was correct. Flipping domains just isn't my cup of tea. I would much rather stick to what I know.

      What little knowledge I have obtained about flipping domains... Freemarket is not the place to be doing it. Least not until they make a lot of changes.
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  • Profile picture of the author warinwarin
    i have the same thing to say as mentioned in the comments......
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  • Profile picture of the author razorz18
    Hey,
    I'm rarely login in WF anymore. Maybe I need to keep active in forum to get latest update of IM stuff. Anyway, I have 3rd letters domain but .co, how much do you think it can be sale in Freemarket. domain only. Thanks
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  • Profile picture of the author misshang
    sad to hear that. do they have themed auctions like sedo?
    For any market, traffic is the most important thing for sellers to make profits.
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  • Profile picture of the author anwar001
    I think the free listing option will flood the website with too many ridiculous website offers. As a buyer, it would be difficult to separate the wheat from the chaff resulting in disappointment for both buyers and sellers.
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    • Profile picture of the author SkyJarman
      Originally Posted by anwar001 View Post

      I think the free listing option will flood the website with too many ridiculous website offers. As a buyer, it would be difficult to separate the wheat from the chaff resulting in disappointment for both buyers and sellers.

      Not "will" It HAS flooded Freemarket, I personally just have acquired a bad taste for Freemarket.
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      • Profile picture of the author StefanFreeMarket
        Originally Posted by SkyJarman View Post

        Not "will" It HAS flooded Freemarket, I personally just have acquired a bad taste for Freemarket.
        Hey SkyJarman - sorry to hear that you feel this way. We are still quite new in dealing with these issues on the site, however we are determined to make Freemarket great and will be actively tackling these issues going forward.
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  • Profile picture of the author greatdn
    4 premium domains listed, 3 for 30 days now. I opted against buying an upgrade, no bids at all, all 4 names are LLLL, seems like my listings arent even being sen on there, too flooded already....
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    DOMAIN NAMES FOR SALE
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    • Profile picture of the author SkyJarman
      Originally Posted by greatdn View Post

      4 premium domains listed, 3 for 30 days now. I opted against buying an upgrade, no bids at all, all 4 names are LLLL, seems like my listings arent even being sen on there, too flooded already....
      I agree with you 100%

      As other experienced members have predicted. It is flooded and needs serious changes in order to even think about competing with Flippa.
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  • Profile picture of the author allroundguy
    The point: Is there must be somebody who wants a domain that has a certain quality or certain qualities. The person must look for such a domain with the given quality or qualities. The person must know about where and how to search, or find somebody to do what it takes. It is useless to feature anything anywhere. The people who need a domain get lists of domains matching their search requests in databases from companies, forums, etc. etc. and all of us. Above the domain name (SLD) factor there is the domain extension (TLD) factor. I personally believe in .com, .net and .org + Country extensions as I publish at ComsOnly.com. Do not despair, but better not wait for a sale. Get Your income from something else unless You have pocket money to play with. Success!
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