As the discussion about the Uniregistry liquidity program rages on at Namepros. Some interesting points have been brought up both in that thread and offline.
Offline a friend asked me why anyone would want to allow the cherry picking type transaction? Elliot Silver shared some great info on his blog and even more in the Namepros thread about certain names getting offers. The person I was speaking to felt that if someone wanted to buy his 1000 domain portfolio that’s worthwhile, but to say here is the wholesale pricing we will offer you for your 10 best names, is a complete waste of time.
Now in the Namepros thread a very good point was brought up about what one member feels fuels the prices at auction. FOMO,
wwwweb posted:
Maybe this is a good example that people are tripping to hard to outbid each other at auctions based on FOMO.
Albeit it might have been Taryn biding against you, and it’s not like you need to sell, other than trimming the portfolio for management reasons, but why are we paying so much for these names, even the good ones years after still are sitting unsold.
I see all the above names bought for a reason, or some specific purpose, the offers resemble namepros type prices, so wholesale. You probably could have got more by posting it on NameJet, and let everyone trip over each other for them.
I would add to that just that good old auction frenzy.
Elliot mentioned what he paid for some names and what he received as far as offers from Uniregistry.
To be clear, I am not “happy” with the majority of the offers that were made. I am not offended or upset either – it’s business. Quite a few of those offers are lower than what I paid in private or in auction (a few are much lower). For instance, Innerbalance.com sold at auction (to me) for over $1,600 less than 2 years ago: https://namebio.com/innerbalance.com . Citronella.com sold (to me) for $4,600: https://namebio.com/citronella.com
The reason I participated was to get an idea of what Domain Liquidity is all about and to share what I learned with readers.
He was offered $330 for Innerbalance.com and $1,500 for Citronella.com.
Other members have mentioned whether a pawn shop type buy back would be worth adding to the Uniregistry program.
Pawn shops in domaining are nothing new Lend.me which now not propagating, DigiPawn now a parked page, Lendvo.com.
I would much rather take the time to auction a bunch of names if unable to make a full portfolio sale, as someone mentioned people are paying more than what most people think domains are worth at auction, why would you want to get offered less in a cherry picking type scenario?
Now outside of one person who submitted 6 names and got an offer on 1, TitaniumGlass.com for $300, which he turned down. Elliot Silver is the only other person that has gotten a reply that has been publicized, so there still is a lot more info needed on the program.
People are always going to want the look, and more and more people are going to be doing this, they would be foolish to just let Frank have the look and find opportunities for arbitrage.
Josh Reason and his BrandConsultants.com are already getting into the “I will buy your portfolio” mix.
His latest reply in his thread on Namepros, Thanks to everyone that has sent DM’s and emails. I haven’t looked through all of them yet, but so far the domains I’ve received have little to zero liquid value.
No surprise there, people just want you to buy their portfolio so they can either reboot, or sail off into the Internet sunset.
Excellent post Raymond, I have been befuddled by the excitement around this program.
Looks like Frankie is just picking the best fruit off the vine, anyone can do that.
The program is nothing new and look at what a pro was offered, Silver said he paid much more than they offered. I see little value in innerbalance.com he is eating that one, $1,600 WTF? I do like citronella.com and they offered him a third of what he paid, and he knows about auctions so nj would be the better play.
I have no idea what innerbalance nor citronella is and would not pay $10 for them; i have no clue what they are.