Home Afternic Page 3

Afternic

Review FOA List Before Approval

When a domain name is listed for sale at Afternic and it is not registered at GoDaddy, the registrant needs to approve a Standardized Form of Authorization (FOA). This approval is necessary for a domain name to be listed and eligible for the Fast Transfer network.

These approvals are very important to review carefully. Once this link is clicked and approved, if a domain name is sold via Afternic, it will be immediately pulled from the registrant’s account. Even if you did not sell a domain name in your Afternic account, if you click the approval link, the domain name will be sold and will transfer.

When I list domain names for sale at Afternic, the Network Solutions email has an important notice (including the “thes” typo):

Afternic Adds 2 Step Verification

3

Last Summer, I wrote an article imploring Afternic to enable customers to add two factor verification to their accounts. The added security measure is necessary because if a customer’s account was compromised, the bad actor could reduce the price on a Fast Transfer eligible domain name, allowing it to be sold and transferred at a much lower price than its valuation.

Earlier today, Afternic announced that customers can now add a second layer of security on their account. The Two Step Verification option is now available for all customers to enable within their accounts. The email that was sent, which I posted below, includes instructions on how to set up 2 factor authentication.

I strongly urge Afternic customers to set this up ASAP:

New Logo from Afternic (Updated)

Since GoDaddy acquired Afternic in 2013, I don’t think a whole lot has changed with respect to the design of the Afternic website. I presume this is because much of the focus has always been on the integration of domain name sales listings within the GoDaddy website and its DLS network partners, and there probably aren’t a ton of people who end up directly visiting Afternic’s website to buy domain names.

Here’s a look at how Afternic looked in 2013, courtesy of the Screenshots.com tool found via DomainTools:

GoDaddy BIN Landers Coming This Week

Earlier this year, GoDaddy teased that its landing pages with Buy It Now (BIN) functionality will be released at some point in 2021. That time has almost come, and domain investors who list their domain names with BIN prices on Afternic will soon be able to utilize the new GoDaddy-branded landing page design. Joe Styler mentioned the new GoDaddy-branded landing page on Twitter over the weekend showing how it looks on mobile devices:

Dealing with a Small Pricing Error

I bought a domain name on NameJet in June of last year for less than $100. I priced it at $4,999 on DAN.com, and that is where the domain name resolves. Typically, I price my names a bit higher on Afternic than on DAN because of the higher commission rate and longer payment period, which I discussed at length last September.

Recently, a broker from GoDaddy emailed me because a prospective buyer made a $2,000 offer on this domain name. This would net me $1,600 after the commission, which is a nice ROI but I think it undervalued the domain name. I did a bit of searching, and I noticed that I had underpriced the domain name at GoDaddy / Afternic. This was either accidental or I raised my price at DAN and did not raise it correspondingly at Afternic. Whatever the case, I believe the domain name is more like a $5k domain name than a $3k domain name.

Minimum Offer Doesn’t Carry Over to Afternic Partners

1

I have a large percentage of my domain name portfolio listed for sale on Afternic. The vast majority of those domain names are listed for sale with a buy it now price and minimum offer considered. More often than not, buyers tend to purchase my domain names via Afternic at the buy it now price rather than submitting a lower offer, and I like those types of easy deals.

On a handful of higher valued inventory I have listed at Afternic, I do not have a buy it now price set. The domain name market tends to be dynamic, and my pricing can change on those higher valued names on a more regular basis depending on a number of factors. Those names do have a minimum offer price I would consider to open a conversation.

For instance, I have Revitalize.com listed for sale on Afternic without a buy it now price. The domain name has a minimum offer of $145,000. If someone were to do a search to buy Revitalize.com at GoDaddy, they would see it is listed for sale with a minimum offer of $145,000. The purpose is to weed out unqualified buyers, so it does not waste my time or waste the time of GoDaddy’s brokers:

Recent Posts

NamesCon 2023 Registration is Open with Discounted Tickets

0
NamesCon announced that registration for its 2023 NamesCon Global event is now open with a discounted early bird rate. The "Super Early Bird Special"...

Spaceship.com Looking for Beta Testers

1
Namecheap CEO Richard Kirkendall announced that he is looking for early beta testers for the company's under development "registrar and digital product platform" known...

Friction with LTO + Make Offer

3
I use Dan.com landing pages for a great deal of my portfolio. Many of these domain names, particularly at price points above a few...

It’s Going to be a Slow Week

2
It's Thanksgiving week in the US this week. On Thursday, Americans will celebrate the holiday, but the travel and related celebrations usually begin before....

Gambling.com Acquires Casinos.com from Caesars

6
According to a Seeking Alpha article covering the most recent Gambling.com earnings call, the publicly traded Gambling.com has acquired the Casinos.com domain name from...