Freemarket's competition in the domain name market

5 replies
For Freemarket.com to capture a large portion of the domain sales aftermarket - large sales need to be made. There is that potential as selling fees are very attractive & domain owners will list when they know about the site. I do see some great names listed already (am surprised a couple haven't been sold with current buy-it-now prices).

Where are large sales being made every week? Every week sales platforms share their sales with DNJournal (most private or broker sales go unreported) - see current week at Garry Chernoff's Latest Home Run Tops This Week's Sales Chart - Year's Biggest Canadian ccTLD Sale Also Hits Six Figures (Note - GoDaddy/Afternic is unable to report sales at this time due to SEC quiet period rules surrounding Go Daddy's current IPO) . Year-to-date sales here at DNJournal.com Year-to-Date Domain Sales Charts. Freemarket should get in touch with Ron Jackson at DNJournal ASAP. Those sales platforms are Freemarket's competion. Note - Flippa is not that competitive with domain sales & auctions often end with extremely low bidding or no bids at all - I haven't been impressed.

It will be interesting to see how Freemarket develops. Will domain name sales or website sales be the stronger product?

Here's something to consider for Freelancer - start or purchase a domain parking company. It will increase revenues as well as bring more buyers to Freemarket. I'm about to move all my current parked domain names away from Sedo's platform (unhappy with some landing pages used as well as revenue). Maybe a domain registrar business is in Freelancer's future?
#competition #domain #freemarket #market
  • Profile picture of the author Simon Johnson
    I wouldn't normally chime in on WF, but given my background in the domain name industry, I'll make an exception.

    1. Freemarket is just starting out and I welcome competition and innovation in the space.

    2. Where are the sales made?

    We operate the largest database of domain sales and developed a FREE app for people to track the market. Its called Domain Sales and you can download it free from the iTunes store https://itunes.apple.com/au/app/doma...517956471?mt=8 and see in real-time what's selling.

    3. Flippa

    These guys are in the Internet marketing / web site flipping space. That's a vastly different space from the domain name industry.

    Disclosure: I'm one of the owners of IPNeighborhood.com (we provide domain name intelligence data and own the Domain Sales App).
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  • Profile picture of the author TheIntrapreneur
    @wentzco and @Simon I hope you're both well. Slightly off-topic: Is it still a better idea to buy/sell .com TLDs or will people eventually get over it and go for the new ones? (.bike, .guru. .agency, etc. or the one word-type urls: sandwich.es, etc.)
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    • Profile picture of the author wentzco
      Originally Posted by TheIntrapreneur View Post

      @wentzco and @Simon I hope you're both well. Slightly off-topic: Is it still a better idea to buy/sell .com TLDs or will people eventually get over it and go for the new ones? (.bike, .guru. .agency, etc. or the one word-type urls: sandwich.es, etc.)

      In my opinion .com always will be king & new TLD introductions would only cause a slight loss in market value of .com names if any at all. Remember we went through this years back with .biz, .info, .us (etc...) TLD introductions though obviously not on a big scale like now. The new TLDs definitely could have have some value "only" if they are targeted for that TLD IMO. Some may have more usage than others.

      See Rob Grant Closes Six-Figure Sale of TorontoRealEstate.com to Top This Week's Sales Chart each week for updated domain sales. I've noticed some .club domains sneak in for example.

      I thought I would add something as I've been in the domain investing/selling biz since late 1999. I remember when .biz & .info came out & I didn't take them to serious. I'm sure I could have registered some of the stronger "generic" names but I didn't. They seem (especially .info) to have weathered well though they are only worth a small fraction of a .com (1% to 2% IMO). I have purchased a few of these names from others every once in a while now. I "may" be repeating the same thing I did before because I haven't registered and of these recent new released TLDs.

      If you had $1000 to spend in the domain biz... I wouldn't go out & register 100 names. I would use that $1000 to buy 1 or 2 .com names at bargain prices in the aftermarket (or even strong .net, .org .info & maybe .biz names).
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  • Profile picture of the author skypreet
    FreeMarket.com is very new to everyone. I sometimes feel that only people who know Freelancer.com and Warriorforum.com know about FreeMarket.com. Who else? Most of them just visit Flippa.com or Sedo.com to buy and sell websites. To be honest, it will take lot of time for FreeMarket.com to develop. Though there are currently more than 4500 websites and domains listed, I can't figure out how many are actually sold out. a lots of featured listings don't even have single bid activity. So I believe, there is still long way to go and surpass the competitors.

    Thanks,
    Sky.
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  • Profile picture of the author TheIntrapreneur
    Thanks @wentzco. I appreciate all your input.

    @skypreet, truly am hoping things will work out great for Freemarket. I agree too, esp. if sometimes you only see between 8-15 'viewers' in this section (Freemarket) of WF. And I'm sure a little more 'responsiveness' from all sides (support, admin and WF members) will only help and defo boost Freemarket's value.

    All the best everyone!
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