In 2017, DropCatch.com began allowing domain investors to sell their domain names via the platform. You can now see two types of auction on DropCatch – “Dropped,” which are domain names that expired and were deleted, and “Private Seller,” which are privately owned domain names that were put into auction by the domain registrant.
In approximately one week, a change is coming to DropCatch that will impact private sellers. The change was shared with me by Abdu Tarabichi, who noticed the following message when he attempted to list domain names for auction:
In 2011, Braden Pollock made an investment in Epik, a domain registrar and platform founded by Rob Monster. With this financial investment came a seat on the Epik Board of Directors, which Braden has held since that time.
During the past couple of years, Epik has come under fire for some decisions and comments made by Rob Monster. In one highly critical HuffPost article, Braden and his wife were mentioned because of Braden’s investment in Epik. During this tumultuous time, Braden retained his position on the Epik board. It looks like something has changed though.
In a tweet this evening, Braden announced that he resigned from the Epik board because he and Rob Monster “don’t share the same ideology:“
CentralNic plc, a publicly traded company, posted a job listing on LinkedIn three days ago, and it might be of interest to someone with experience and expertise in the domain industry. CentralNic is looking to hire a Head of Sales in its Resell Division. The full time job will either be based out of the company’s London, England office or its St. Ingbert, Germany office, and working from home is an option.
The past two weeks have been busier than I expected in terms of domain name sales. I sold a handful of inventory-quality domain names through a variety of channels. I closed deals via DAN, GoDaddy, and direct negotiations via Embrace.com. There were no home run sales, but I was happy closing 5 figures in deals considering current economic conditions impacting businesses throughout the world. Again, these were middle of the road, replaceable domain names that I was happy to move, with the majority being BIN-priced inventory.
Frankly, when I returned from Costa Rica at the end of February, I thought sales would be pretty dead through the Spring and perhaps into the early Summer. Even GoDaddy warned about softer sales at the higher end of the aftermarket in its Investor Day presentation (page 75). For me, that has rung true, but the lower end sales continue to help fuel my business.
This past Friday, Andrew Rosener from Media Options commented about his company’s sales, and he said it was the strongest week of the year for him:
Outside of GoDaddy, Escrow.com probably has the best vantage point of the domain name aftermarket of any company in the domain name business. Escrow.com processes millions of dollars worth of transactions closed by domain investors and other domain name registrants each quarter. Its quarterly reports are able to offer a high level overview of domain name sales and the current state of the aftermarket, particularly at the higher level that aren’t closed on platforms such as GoDaddy and DAN.com.
Giuseppe Graziano is the founder of LXME, which is billed as the “Liquid Domains Market Exchange.” LXME has become known for its extensive quarterly market reports focused on the short, liquid domain name market. Yesterday afternoon, Giuseppe announced that LXME was being rebranded as LMX using the LMX.com domain name, which seems like a better matching brand name for the marketplace and platform.
Giuseppe told me the “purpose of LMX is to create a safe environment in which investors are able to trade liquid domains quickly, efficiently and at low fees.” Buyers are able to list one word .com domain names for sale as well as short acronym and numeric domain names on the platform. The platform is currently invitation-only, although sellers with qualifying domain names may apply to create an account. One feature of the platform is creating alerts to be notified when specific types of domain names are listed for sale on LMX.
I asked Giuseppe why he opted to rebrand from a 4 letter branded domain name to a similar, but shorter 3 letter branded domain name. “When we asked our customers what they liked most about our platform, one of the most common responses was that the inventory was limited to top notch domains [pun intended]. We felt that rebranding to LMX.com underlines the quality of the inventory on the platform,” he told me. With the focus on short, liquid domain names, having an even better domain name makes sense.
For those who are curious, the LMX.com domain name was acquired in private earlier this year. The domain name had been owned by James Booth, although Giuseppe and James declined to share the acquisition price for LMX.com.