Mike Mann made an announcement that few people were expecting. Mike Mann plans to allow people to sell their domain names next to his on his domain name aftermarket at DomainMarket.com.
Of course he wants to have control on what domains are being sold and how much they being sold for. He plans to have the software to accept domains in 2-3 months from now. (He then said 30 days.)
The brokerage commission fee will be just 5% but he has some strict requirements so that your domains can be listed on his aftermarket.
The new brokerage will only offer .com domains priced above $10,000 initially.
Here are a few of the requirements to have your domains listed on the DomainMarket.com:
The domain names must be .com
The domains must be pointing to the DomainMarket.com
Mike Mann will approve all names
Domains must be priced and prices must be approved my Mike Mann himself
Here is what he said about this on Facebook:
“I never wanted to offer domain brokerage because of other people’s bad domains and prices cluttering my web site (also I don’t have ads or ad links). Now I will offer, but only for .Com; only names pointing to DomainMarket.com; only names I approve; only priced names with prices I approve; and we will massively undercut the market at 5%.”
“it will take 2-3 months to get our software up to speed, in the meantime get your assets organized and priced properly”
“Appraisals are everything and the only thing in the premium domain space; if they are too high name never sells, too low name goes too cheap. Moreover its almost impossible to get investors, capital, or create a real market at all without the trust and liquidity provided by valid appraisals. Also you can’t buy low and sell high, or profit in the long run; not enough market makers, spreads not realistic. Most domains are worth $0, delete those names or at least the broker listings to begin to create a market. Many millions of tradeable .Com that have value will remain and the market and FMV will eventually develop, more better comps.”
“Fasttracking new super premium domain brokerage service to 30 days from 180.”
Mike Mann is the owner of DomainMarket.com that offers more than 260,000 premium domain names for sale.
These are the stats that Mike posted on Facebook in January 15, 2017:
Updated DomainMarket.com stats:
Domains available for sale: 269,013
Domain price average: $12,539
[Last 30] Sales average: $2,598
[Last 30] New users: 1,777,725