DanCarls
RedTagDomains.ca
Well a week with Squadhelp /Atom and had my first sale in a while, $5k with 7.5% commission so happy so far!
Dan
Dan
- Topic Starter DanCarls
- Start date
- Replies: Replies 18
- Views: Views 1,924
Congratulations and thanks for sharing. It must have been a .Com I presume. Too bad these guys don't promote .CA's, or have they changed?
Spex
Member
- Joined
- Nov 28, 2020
- Topics
- 38
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Looks like it's just some user's White Label Marketplace so they're selling their own inventory. Don't think you can list anything there yourself
DanCarls
RedTagDomains.ca
It was a .ca FlexPay.ca
Congrats!
You can add promotion where they retarget ads for visitors who have already visited your landing page. Commission is higher.
You can add promotion where they retarget ads for visitors who have already visited your landing page. Commission is higher.
rlm
Bonfire.ca
2 sales in 3 years out of 20 domains is 1 in 30 domain-years. That's equivalent to a 3.33% STR, so its really not bad unless you're selling pretty cheap.
rlm
Bonfire.ca
Congrats, that's awesome. Can't complain about that quick of results!
1 sale in 1 week out of 128 domains is like a 40% yearly STR. Clearly a freak anomaly otherwise I could be doing 8 figures in sales per year based on that metric! But I like the thought of it, haha!
rlm
Bonfire.ca
I find the BIN / Escrow.com lander at bodis doesn't sell anything (at least not for me), and that the Make-an-offer bodis lander results in the majority of all inquiries to be from morons who fill out the form (including a price!) and hit submit. It's so bad I now have to first respond with a short message asking if you're really interested in buying this domain or not. Most of they time they just ghost or say "sorry, I was looking for a different site" or "I didn't mean to fill out that form". And to combat the ghosting I've started texting their phone numbers, and occasionally that'll get a reply. There's nothing worse then getting an offer and then getting ghosted. You don't know if it was a mistake, did your email end up in their spam folder, etc, etc...211
I got one the other day for something like 18,248 USD which based on the current exchange rate was exactly $25K CAD. I figured that couldn't be random and that it took a bit of thought and effort to come up with that price, so I thought maybe the guy was serious (and it wasn't much lower than what I was willing to sell it for either). So I replied with a "please confirm your interest" email, then a text message and they completely ghosted on both. Ugh.
I can't even see a bodis page, Adguard blocks it every time and I just go UGH and move on.
rlm
Bonfire.ca
that's ok, I don't need you lowballing my domains
rlm
Bonfire.ca
especially if they're fanciful/made-up brandables rather than 1-words, then I can see that atom/squadhelp might be a good option.
rlm
Bonfire.ca
I know, but to me that would still be a lowball. others may be willing to sell less.
rlm
Bonfire.ca
I was investigating Atom out, if you list a domain for sale on payments (and despite their verbiage saying that there is no fee for payment plans or if so its a small one) it seems there are hefty fees / interest that they describe as a surcharge.
I've worked out the equivalent interest rates for their surcharges:
11.4% @ 4 years = 25%
12.25% @ 3 years = 20%
13.8% @ 2 years = 15%
18.0% @ 1 year = 10%
And here's what their support people said:
Personally, I offer payment plans as a way to convince people to buy the domain that is typically out of their budget and they're ready to walk away. And I've had good luck doing this without tacking on interest rates. I'd rather lock in a sale that I had no chance of getting by offering free payment plans. I truly WANT to help potential buyers BECOME actual buyers. We all know how long it takes for the next buyer to come along on the average domain. So although I don't like to negotiate down the price to meet them at their budget, but I will negotiate a payment plan that suits the buyer. I find they typically understand the long term value, just not the short term pain of purchasing.
But with the hefty fees Atom is putting on, they are right up there with credit cards for 1-year plans, I don't see that there's much incentive to stretch their budgets and buy a domain on a payment plan that they couldn't already have put on a CC for similar amount (and ultimately OWN the domain immediately rather than later). So maybe this is Atom just making it an incentive to just buy it outright, but to me that defeats the purpose of the payment plan completely... Since 2/3 of the fee goes back to the seller anyways, I'd rather see the seller set the interest rate, not have it forced on us. And for Atom to take 1/3 of the interest rate (in addition to their sales commission that comes out of your pocket), it seems their cut is pretty steep for nothing. So if you sell a $100K domain, over 48 months, that's a 25% surcharge, so the buyer pays $125,000. Atom makes an additional $8750 ($182/mo) off that sale in what is really all perceived by the buyer as interest payments. But Atom doesn't deserve any of it because its not as if they're lending the money. They could charge a $40/mo holding fee or whatever like Escrow.com does for payment plan transactions. That would be justifiable. But I don't think the current policy is.
What do you guys think?
Honestly, since payment plans are a big part of my sales strategy, and since they give no option to change this policy other than to turn payment plans off, it may be a deal breaker for me to listing many domains there.
I've worked out the equivalent interest rates for their surcharges:
11.4% @ 4 years = 25%
12.25% @ 3 years = 20%
13.8% @ 2 years = 15%
18.0% @ 1 year = 10%
And here's what their support people said:
Personally, I offer payment plans as a way to convince people to buy the domain that is typically out of their budget and they're ready to walk away. And I've had good luck doing this without tacking on interest rates. I'd rather lock in a sale that I had no chance of getting by offering free payment plans. I truly WANT to help potential buyers BECOME actual buyers. We all know how long it takes for the next buyer to come along on the average domain. So although I don't like to negotiate down the price to meet them at their budget, but I will negotiate a payment plan that suits the buyer. I find they typically understand the long term value, just not the short term pain of purchasing.
But with the hefty fees Atom is putting on, they are right up there with credit cards for 1-year plans, I don't see that there's much incentive to stretch their budgets and buy a domain on a payment plan that they couldn't already have put on a CC for similar amount (and ultimately OWN the domain immediately rather than later). So maybe this is Atom just making it an incentive to just buy it outright, but to me that defeats the purpose of the payment plan completely... Since 2/3 of the fee goes back to the seller anyways, I'd rather see the seller set the interest rate, not have it forced on us. And for Atom to take 1/3 of the interest rate (in addition to their sales commission that comes out of your pocket), it seems their cut is pretty steep for nothing. So if you sell a $100K domain, over 48 months, that's a 25% surcharge, so the buyer pays $125,000. Atom makes an additional $8750 ($182/mo) off that sale in what is really all perceived by the buyer as interest payments. But Atom doesn't deserve any of it because its not as if they're lending the money. They could charge a $40/mo holding fee or whatever like Escrow.com does for payment plan transactions. That would be justifiable. But I don't think the current policy is.
What do you guys think?
Honestly, since payment plans are a big part of my sales strategy, and since they give no option to change this policy other than to turn payment plans off, it may be a deal breaker for me to listing many domains there.
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