Do you think FreeMarket.com can take over Flippa or Sedo?

by allseowork 68 replies
Why I think FreeMarket.com can take over Flippa or Sedo in long term?

Pro's
1. Free Listing
2. A Big Plus: Quality Webmaster Traffic
3. Low commissions (5%)
4. Part of Freelancer.com
5. Big Marketing Budget
6. Easy and simple design

Cons
1. Still a few bugs
2. Lack of features like private messaging and quite a few others.
3. Lack of Escrow
4. Lack of domain selling partners
5. Not targeted towards only domain or only websites.

What you guys think? Is it possible?
#freemarket.com discussion #flippa #freemarketcom #sedo
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  • Profile picture of the author CarLife
    Banned
    [DELETED]
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    • Profile picture of the author rhinocl
      I tried to list. Listing opened and closed immediately when I would have set it to 3-8 days. Sent in a ticket. Got no answer but did get a survey asking how well they had answered. Filled it out and told them what I just wrote.Still no response.So not until they fix things.
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      • Profile picture of the author allseowork
        Originally Posted by rhinocl View Post

        I tried to list. Listing opened and closed immediately when I would have set it to 3-8 days. Sent in a ticket. Got no answer but did get a survey asking how well they had answered. Filled it out and told them what I just wrote.Still no response.So not until they fix things.
        I had a similar issue and this guy helped me: View Profile: jimmyfreemarket
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      • Profile picture of the author StefanFreeMarket
        Hey rhinocl,

        Send your username and details of the problem and I can look into what happened.

        Cheers.
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      • Profile picture of the author gorungpbish
        Originally Posted by rhinocl View Post

        I tried to list. Listing opened and closed immediately when I would have set it to 3-8 days. Sent in a ticket. Got no answer but did get a survey asking how well they had answered. Filled it out and told them what I just wrote.Still no response.So not until they fix things.
        I think it is traffic where flippa tops over freemarket. Maybe a few years later things would get better for freemarket
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        Gorung

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  • Profile picture of the author modinho
    not getting so many pageviews on my listings... which is not to good
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  • Profile picture of the author lemonseltzer
    Pro of freemarket is that even if it takes time to reash customer service they are nice and polite and not utterly rude, condescending know it alls like flippa.
    Perhaps because Freemarket is diverse and has global nationalities helping.
    Unlike Flippa.
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  • Profile picture of the author msdobe
    Originally Posted by allseowork View Post

    Why I think FreeMarket.com can take over Flippa or Sedo in long term?
    What you guys think? Is it possible?
    Not unless there's some major changes. There's simply too many idiots that list their websites and domains for thousands of dollars (or hundreds of thousands, or even millions) that I wouldn't take if you gave them to me. In an earlier post I suggested charging a $5 non-refundable fee for a listing over $500-$1000.

    Now I change that to charge a non-refundable fee for ANY listing, and the higher the BIN, the higher the listing fee (within reason of course). There are just too many garbage listings - I rarely check it out any more, there's just too much crap to have to go through if you're looking for a decent listing.

    Free isn't always a good thing. Being free has also had an affect on the WF overall. The quality of the site has gone down considerably, IMO.

    Jenny
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    • Profile picture of the author StefanFreeMarket
      Originally Posted by msdobe View Post

      Not unless there's some major changes. There's simply too many idiots that list their websites and domains for thousands of dollars (or hundreds of thousands, or even millions) that I wouldn't take if you gave them to me. In an earlier post I suggested charging a $5 non-refundable fee for a listing over $500-$1000.

      Now I change that to charge a non-refundable fee for ANY listing, and the higher the BIN, the higher the listing fee (within reason of course). There are just too many garbage listings - I rarely check it out any more, there's just too much crap to have to go through if you're looking for a decent listing.

      Free isn't always a good thing. Being free has also had an affect on the WF overall. The quality of the site has gone down considerably, IMO.

      Jenny
      Hey Jenny,

      While we don't have any intention to change our pricing, we are currently working on a couple of new features which will make it much easier to find listings that will interest you. Hoping to get these out in the couple of months, so don't lose faith
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  • Profile picture of the author reactorr
    The paid listings filter out junk.
    Looked at FreeMarket for 2 minutes and there's a lot of that.

    If they changed their biz model it would make the difference.

    Until they do, it will be plagued with too many listings.

    Few of value (if any) and unlikely anyone will take the time to go through them all.

    What I would do is charge for those listings, and undercut Flippa on pricing.

    Might mean they have to abandon "FreeMarket" name.
    Hopefully they didn't pay a lot to acquire.

    Or - leave as is, and start another marketplace with paid listings on new domain

    But the free listings is a path to a slow death. It will be the new digitalpoint.

    NOTE:
    Not charge after a sale - charge up front. There is a big difference.

    If its going to work, you need to be more than another marketplace to attract sellers.
    Don't do it on price - do it for value to the seller

    Then you'll attract sellers and quality listings, and buyers will follower.

    It would be of value to sellers if (when they list at reasonable prices) there's a good chance it sells

    That will likely happen through partnerships.
    DomainTools, etc - get some distribution via partners to create sales opps for sellers
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    • Profile picture of the author lemonseltzer
      Originally Posted by reactorr View Post


      Might mean they have to abandon "FreeMarket" name.
      Hopefully they didn't pay a lot to acquire.

      Or - leave as is, and start another marketplace with paid listings on new domain
      The given meaning of Free Market in a gloobal sense as nothing to do with things being free.
      The name is perfect.
      The current interface is not.
      Flippa allows people to list domains for free, so total crap names show up unless you pay extra to stand out.
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      • Profile picture of the author msdobe
        Originally Posted by lemonseltzer View Post

        The given meaning of Free Market in a gloobal sense as nothing to do with things being free.
        The name is perfect.
        The current interface is not.
        .
        I agree!
        Jenny
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        If you can read this in English... thank a vet!
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    • Profile picture of the author allseowork
      Originally Posted by reactorr View Post

      The paid listings filter out junk.
      Looked at FreeMarket for 2 minutes and there's a lot of that.

      If they changed their biz model it would make the difference.

      Until they do, it will be plagued with too many listings.

      Few of value (if any) and unlikely anyone will take the time to go through them all.

      What I would do is charge for those listings, and undercut Flippa on pricing.

      Might mean they have to abandon "FreeMarket" name.
      Hopefully they didn't pay a lot to acquire.

      Or - leave as is, and start another marketplace with paid listings on new domain

      But the free listings is a path to a slow death. It will be the new digitalpoint.

      NOTE:
      Not charge after a sale - charge up front. There is a big difference.

      If its going to work, you need to be more than another marketplace to attract sellers.
      Don't do it on price - do it for value to the seller

      Then you'll attract sellers and quality listings, and buyers will follower.

      It would be of value to sellers if (when they list at reasonable prices) there's a good chance it sells

      That will likely happen through partnerships.
      DomainTools, etc - get some distribution via partners to create sales opps for sellers
      Hi Jenny,

      Features like finding the listings with highest bids, finding listings which have their reserve met, listings ending soon, premium listings, and also searching in interested categories are few ways to sort quality and concerned listings.
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  • Profile picture of the author smna1586
    The interface needs to be sorted. I don't find it as clear as Flippa. Also I tried to list once before the official launch. The listing went live but it was even hard for me to read it.

    Paragraphs in my description disappeared like it was never there. Limiting it to 5000 characters was not pleasant for me and there was no screenshot of my listing (you need a feature listing to get it). Without screenshot of my site, it was less appealing. That made my free listing worthless.

    The last but not the least, no potential buyers were there to buy my site. I did not expect it to be sold but there were almost zero views (rather than me viewing my own listing without logging in!).

    Will give it another shot when I see it has started functioning as a marketplace (as for now I don't see any potential bids on other featured or non featured listings.)
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    • Profile picture of the author StefanFreeMarket
      Originally Posted by smna1586 View Post

      The interface needs to be sorted. I don't find it as clear as Flippa. Also I tried to list once before the official launch. The listing went live but it was even hard for me to read it.

      Paragraphs in my description disappeared like it was never there. Limiting it to 5000 characters was not pleasant for me and there was no screenshot of my listing (you need a feature listing to get it). Without screenshot of my site, it was less appealing. That made my free listing worthless.

      The last but not the least, no potential buyers were there to buy my site. I did not expect it to be sold but there were almost zero views (rather than me viewing my own listing without logging in!).

      Will give it another shot when I see it has started functioning as a marketplace (as for now I don't see any potential bids on other featured or non featured listings.)
      Thanks for the feedback and bringing this to my attention. We have plans to fix the visual appeal of these pages and I'm really looking forward to this change.
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  • Profile picture of the author Net66
    Originally Posted by allseowork View Post

    Why I think FreeMarket.com can take over Flippa or Sedo in long term?
    No.

    Andy
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    • Profile picture of the author mattbarrie
      Originally Posted by Net66 View Post

      No.

      Andy
      OK let's rephrase the question then - what needs to be done?
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      • Profile picture of the author allseowork
        Originally Posted by mattbarrie View Post

        OK let's rephrase the question then - what needs to be done?
        Hey Mattbarrie,

        Ill add a suggestion I personally wanted at FreeMarket.com,
        One of my listing had a highest bidder, who was close to reserve but didn't hit the reserve, now I would like to send an offer to this highest bidder after my auction closed, but there is no way I can do it now.

        Please include this functionality as this alone can convert many listings into REAL sales.
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        • Profile picture of the author mattbarrie
          Originally Posted by allseowork View Post

          Hey Mattbarrie,

          Ill add a suggestion I personally wanted at FreeMarket.com,
          One of my listing had a highest bidder, who was close to reserve but didn't hit the reserve, now I would like to send an offer to this highest bidder after my auction closed, but there is no way I can do it now.

          Please include this functionality as this alone can convert many listings into REAL sales.
          Thanks for the feedback. Stefan will add this to the backlog.
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  • Profile picture of the author Joan Altz
    Too many ridiculous listings showing up on the front page is destroying its credibility.

    The average Joe Buyer won't take the site seriously after viewing that and won't return.

    So no, it has ZERO chance of "taking over" Flippa or Sedo, short term, as it currently stands.

    But these guys are smart enough...they can change the situation by simply getting rid of those stupid listings and improving the user interface. Doing that will help get things kick-started in the right direction...so long term, who knows?
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    • Profile picture of the author mattbarrie
      Originally Posted by Joan Altz View Post

      Too many ridiculous listings showing up on the front page is destroying its credibility.

      The average Joe Buyer won't take the site seriously after viewing that and won't return.

      So no, it has ZERO chance of "taking over" Flippa or Sedo, short term, as it currently stands.

      But these guys are smart enough...they can change the situation by simply getting rid of those stupid listings and improving the user interface. Doing that will help get things kick-started in the right direction...so long term, who knows?
      Hi Joan. Thanks for the feedback. We are working on improving the UX with everyone's feedback as we speak.
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  • Profile picture of the author SkyJarman
    I think they have damaged their credibility already by releasing too early. They need serious changes to bring a lot of people back. Just my opinion. Who's to say there is even anything they could actually do. I know I was disappointed with the entire experience and I paid for the premium listing. To be fair, maybe my domain name wasn't a very good one. I have different opinions about it.
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  • Profile picture of the author lemonseltzer
    It shouldn't be THAT hard to clone Flippa's model and improve it. It's been 6-7 weeks and nothing has been done to bring FM up to snuff.
    Been very patient but it's worn thin at this point.
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  • Profile picture of the author getsometraffic
    My Opinion is that Freemarket needs to do alot of work to be better then Flippa or Sedo..

    I don't like anything about Freemarket..

    I have listed over 20 websites for sale on Freemarket and not one of them sold... I took the same 20 websites and listed them on Flippa and have already sold 14 of them...

    Yes you can list your site for sale free on Freemarket ,,, but the saying goes... Good Things Are Seldom Cheap and Cheap Things Are Seldon Good...

    I will stick to paying 19 bucks to Flippa for listing my websites,,, My chances of selling is greater..
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  • Profile picture of the author anwar001
    Free listing of sites as you mention can be a big plus as well as a big minus point. The reason is that since it is free many people may try to list their sites which increases competition for sellers who may not get much pageviews to their listings. Moreover since it is free to list, people may list even crappy websites which can earn the marketplace a bad name if there are too many bad websites. Interested buyers may find it difficult to find good websites among the junk.
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    • Profile picture of the author StefanFreeMarket
      Originally Posted by anwar001 View Post

      Free listing of sites as you mention can be a big plus as well as a big minus point. The reason is that since it is free many people may try to list their sites which increases competition for sellers who may not get much pageviews to their listings. Moreover since it is free to list, people may list even crappy websites which can earn the marketplace a bad name if there are too many bad websites. Interested buyers may find it difficult to find good websites among the junk.
      Thanks for the feedback anwar001 - we released a change last week to help buyers find quality listings (better sorting of listings by default). We're excited to tackle these issues and will be addressing them directly going forward.
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  • Profile picture of the author allseowork
    One more thing I noticed, lets have a different section for established, new and verr premium sites (1 million $+) More Easy to filter sites based on requirements.
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  • Profile picture of the author reactorr
    Do a needs assessment of the product.
    Develop user profiles and personas first.

    Create exceptional filtering options to sort the garbage from the gems.

    Provide an assortment of metrics for prospective users, let them choose.
    DA, TF, PR, Moz, Alexa, Compete, etc (ya, PR might be dead, don't turn into a discussion)
    Other - revenue, traffic, price, bids, etc

    Add a Finance category, and not lump it all in with business.
    A category that has high revenue generating interest (finance, health, law, etc) should be represented.
    Not just as a subcategory in this case.

    It would probably be better in the long run if there was a small charge for even basic listings.
    Not on the end of the sale, but up front. Free attracts volumes of crap. Even $10.

    Last thought - filter by domain extension option too. Some only want .com. Or .com, net, org.
    And some will gamble on EMD of new extensions to sit on.
    Such as forum.sexy or whatever

    edit -
    I would also look at what others are doing, what's missing, and what can be done better

    We can use another solution, if it offers value.
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  • Profile picture of the author jeffster
    It would be good to be able to search for listing that have a revenue starting from $100 rather then the minimum $300 as many people are looking for smaller sites to start with.

    I don't see anyone posting proof of revenue or traffic stats. Maybe it's just the few listings I looked at but I certainly wouldn't buy without any analytics or proof of income. Flippa makes it easy to connect with analytics, add screenshots, etc. Is this something that Freemarket can implement?
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  • Profile picture of the author StefanFreeMarket
    Originally Posted by reactorr View Post

    Do a needs assessment of the product.
    Develop user profiles and personas first.

    Create exceptional filtering options to sort the garbage from the gems.

    Provide an assortment of metrics for prospective users, let them choose.
    DA, TF, PR, Moz, Alexa, Compete, etc (ya, PR might be dead, don't turn into a discussion)
    Other - revenue, traffic, price, bids, etc

    Add a Finance category, and not lump it all in with business.
    A category that has high revenue generating interest (finance, health, law, etc) should be represented.
    Not just as a subcategory in this case.

    It would probably be better in the long run if there was a small charge for even basic listings.
    Not on the end of the sale, but up front. Free attracts volumes of crap. Even $10.

    Last thought - filter by domain extension option too. Some only want .com. Or .com, net, org.
    And some will gamble on EMD of new extensions to sit on.
    Such as forum.sexy or whatever

    edit -
    I would also look at what others are doing, what's missing, and what can be done better

    We can use another solution, if it offers value.
    Thanks a lot for your response. I agree with you, and will be releasing better filtering options soon.



    Originally Posted by jeffster View Post

    It would be good to be able to search for listing that have a revenue starting from $100 rather then the minimum $300 as many people are looking for smaller sites to start with.

    I don't see anyone posting proof of revenue or traffic stats. Maybe it's just the few listings I looked at but I certainly wouldn't buy without any analytics or proof of income. Flippa makes it easy to connect with analytics, add screenshots, etc. Is this something that Freemarket can implement?
    Thanks for your response - we now have attachments so I'm hoping to see more people providing proof of their claims. If you're interested in a listing, I would comment to see the seller can upload proof. Regarding the analytics, we have this coming soon, next couple of months.
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  • Profile picture of the author nicoli
    In order to even become successful, let alone take over Flippa you NEED to do the following:

    1) Filter a lot of the nonsense listings
    2) Offer an escrow service and at a better rate

    I'd love to see this grow.
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    • Profile picture of the author mattbarrie
      Originally Posted by nicoli View Post

      In order to even become successful, let alone take over Flippa you NEED to do the following:

      1) Filter a lot of the nonsense listings
      2) Offer an escrow service and at a better rate

      I'd love to see this grow.
      We're working at it
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  • Profile picture of the author allseowork
    I would suggest a free escrow service, something no one offers
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  • Profile picture of the author Robinsh123
    I think, it will take time to reach at the level of the Flippa or Sedo because they are already the bug free and having awesome features to help the buyers and sellers.
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    You can save upto 75% on this awesome deal, so hurry up and GRAB it before the price hike.
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    • Profile picture of the author mattbarrie
      Originally Posted by Robinsh123 View Post

      I think, it will take time to reach at the level of the Flippa or Sedo because they are already the bug free and having awesome features to help the buyers and sellers.
      Which features would you like to see implemented
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      • Profile picture of the author chickenfillet
        Originally Posted by mattbarrie View Post

        Which features would you like to see implemented
        I PM'd you which features, and you ignored it. So don't ask.
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        • Profile picture of the author StefanFreeMarket
          Originally Posted by nequity View Post

          I think, as mentioned here several times, if Freemarket can improve their features their big advantage over Flippa could be having decent,polite, friendly and helpful customer service. As said here flippa is just condesending and arrogant, they are quite shocking actually. I would love to see freemarket hit those guys hard.
          Hey nequity - I have seen this feedback a bunch and I really want this to be a defining feature of our site. I'm actively in contact with our CS team every day to help solve customer issues and to make things better.

          Originally Posted by chickenfillet View Post

          I PM'd you which features, and you ignored it. So don't ask.
          Hey chickenfillet - Matt's the CEO of Freelancer so understandably he gets a bit busy. Feel free to PM me the features you'd like, would love to hear the feedback. Cheers.
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        • Profile picture of the author mattbarrie
          Originally Posted by chickenfillet View Post

          I PM'd you which features, and you ignored it. So don't ask.
          Hi chickenfillet. I did get your PM back in September and I forwarded it to the product team. Sorry if it appeared I ignored it, we had just done the launch and I was inundated with messages, I didn't get around to replying to all of them.

          Regards
          Matt
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  • Profile picture of the author nequity
    I think, as mentioned here several times, if Freemarket can improve their features their big advantage over Flippa could be having decent,polite, friendly and helpful customer service. As said here flippa is just condesending and arrogant, they are quite shocking actually. I would love to see freemarket hit those guys hard.
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  • Profile picture of the author fjackets
    i like this coz i am online marketer .
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  • Profile picture of the author PBMax
    Any success stories here? I have a killer set of websites that I want to offload, but I browsed Freemarket.com and it appears that any and every website or domain name is allowed to be sold so, if I was a buyer, I would tire of wading through the trash in hopes of a pearl.

    Any insight into this?
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    • Profile picture of the author edj347
      Originally Posted by PBMax View Post

      Any success stories here? I have a killer set of websites that I want to offload, but I browsed Freemarket.com and it appears that any and every website or domain name is allowed to be sold so, if I was a buyer, I would tire of wading through the trash in hopes of a pearl.

      Any insight into this?
      I've bought a couple of sites there - I find its a good place for the hidden gems. I've found lots of decent domains at 50 or under.
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  • Profile picture of the author manyuchi
    I think it's possible for Freemarket to become number one because I am sure they are working on the interface and adding more features such as the following:
    - hyperlinked usernames that take you to the seller's profile
    - a PM system
    - verified stats like you have on flippa
    - a search bar on every page
    - a "watch this" button
    - etc
    At the moment the interface is too minimalistic. The filters are awesome by the way. In fact the results table is a great work of coding in my humble opinion (not a great programmer myself)
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  • Profile picture of the author basheernaik
    "JUST SOLD"..Good for research!
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  • Profile picture of the author mattcarter99
    Not getting so many page views on my listings... which is not to good
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    • Profile picture of the author nicoli
      Originally Posted by mattcarter99 View Post

      Not getting so many page views on my listings... which is not to good
      Might be your listings
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  • Profile picture of the author jobdollarr
    I just saw. It was a cool website. It takes dedication, but it will succeed, because the interface is a good website
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    • Profile picture of the author More Than Tips
      I would have thought it would be immensely popular and profitable but its really like a ghost town in there. Of all places here at one of the worlds biggest and most popular marketing forums?

      The formula is really very simple...do everything flippa does then add more.

      One thing I notice about Flippa is they are very aggressive on their reputation online...I am pretty sure someone is getting paid to do nothing but watch Google Alerts!

      If the name flippa.com is at the beginning of a thread you better believe they will have somebody personally representin very shortly!

      Flippa walks the fine line of knowing how they are being exploited by some shady marketers and doing their best to avoid it but the system at paypal can really work against alot of sellers and I am sure many know exactly what I mean.
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    • Profile picture of the author Okoji
      Banned
      This is very possible. Certain things must be done.

      I crease the number of people using WF. Use it to promote free market.

      Spend some dollars and do massive marketing, then you will be on your way to overtake them.
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  • Profile picture of the author getsometraffic
    I have listed over 20 sites on Freemarket .. Yes it is easy to list a website on Freemarket. but the rest of the site in my opinion SUCKS...

    There is no way to track the views of your listing... and lets say someone clicks the Buy It Now Button and never pays for the site.. then its hard to relist the website because there is no dispute section..

    I have had nothing but fake buyers and fake bidders..
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  • Profile picture of the author options
    I do hope so, flippa success fees are way to much. They are getting to big for their boots, someone needs to knock them down a peg or 2
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  • Profile picture of the author jobdollarr
    Should be in the know, websites like flippa need to grow 5 years for success.

    Why so long?
    The problem that always arises is:

    Users, many users do not understand the function of the website, so you have to make it work better for the user.

    Customers, customers need trust to the company.
    They will check right around the forums and the internet to find the reviews of your company.

    Advertising, the most important part of marketing, that you can not promote itself.
    You have to buy a package of advertising, to the growth of the brand and traffic.

    Biggest mistake is usually located on the server.
    Fast growing website, you should see the trend of the development, so that the website is not down and interfere with the user and their beliefs.


    Never give up, it's your capital
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  • Profile picture of the author Caitlinz
    The last time i posted a website for sale, no one looked at it. But that was during it's launch. I believe it will grow with time and suceed.
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  • Profile picture of the author Changing Man
    Is there any record anywhere of domain sales on Freemarket?
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  • finally found some great website where i can easily sell and buy domains with low commissions pay off

    thanks for the useful post.
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  • Profile picture of the author lemonseltzer
    F is so desperate that they used their 6 year birthday as reason to give BOGO (Buy one , get one free listings/upgrades the other day)
    Seems dead over there IMHO.

    Freemarket is picking up.
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  • Profile picture of the author deckers
    When I get emails from freemarket it looks like a spam, they just anyhow send me updates like that so i unsubscribe. no proper introduction
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  • Profile picture of the author lemonseltzer
    Need to splash some cash on advertising FreeMarket.
    Real ads to casual end users.
    TV ads and branding really helped GoDaddy get big.
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  • Profile picture of the author ifediri
    Free market huh? free listing, FREE things are not given much seriousness, i guess that's why the experience is this way, I had listed my site on Freemarket for sale too, I did it just the way site's that have sold on Flippa did, yet i got no buyer.
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  • Flippa is the market leader but their service and the way they are talking to new sellers will bring them down very fast. The market is no open to new platforms, most are viral for selling domains and websites.
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  • Profile picture of the author waynmeyer
    Freemarket.com is a great site, the only shortfall is the user base. There are not many buyers / bidders and i anticipate that because the business is backed by freelancer that in the future Freemarket.com will have ample new buyers ready to snap up our deals we offer. Right now im still with flippa and will list my websites on freemarket in order to provide the website with quality domains and websites so that freemarket may acquire new buyers.

    Am i imagining or has the the sales on flippa dropped because of freemarket?
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  • Profile picture of the author JE1777
    I don't think they have much of a chance unless they make some major improvements...Though I do like the idea of lower commissions. Flippa's fees have gotten pretty ridiculous over the years.
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  • Profile picture of the author idisidsdsfs
    no it would not be possible flippa and sedo are making improvement in there system. it is not easy for compitetor.
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  • Profile picture of the author WarriorWasim
    Flippa has been in the game for a long time and has good strategies. I don't think it'll be so easy to beat Flipps but nothing is impossible. Thanks :-)
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