Mike Mann is planning to open DomainMarket.com to third party listings, he announced in a public Facebook posting today. DomainMarket.com has been used exclusively to sell domain names owned by Domain Asset Holdings, a company also controlled by Mike Mann.
The Facebook post makes it clear that there are certain requirements that need to be met for a domain name to be listed on DomainMarket.com:
“As I mentioned DomainMarket.com will open a domain brokerage asap, which will have very strict rules and be very automated, with very low fees and high quality services. Only .Com is Rule 1 (may expand with .co and .org). Rule 2 is must have a good appraisal or price range meeting our standards. Rule 3 is it has to point to our landing pages. Rule 4 is it uses our commerce platform. Rule 5 is length of contract. That’s it, then you get the best at the lowest fees.”
Third party domain name appraisers will be used to ensure the domain names listed by third parties meet the $10,000 minimum valuation requirement. Mann is currently seeking out appraisers whose valuations would be used for third party listings. The Facebook posts did not offer specific details about these rules.
Domain names that are listed for sale on DomainMarket.com will have the same landing page as those currently listed. In addition, third party domain names will be sold using the current payment processing system in place. It is not yet clear what the commission rate will be for deals closed via DomainMarket.com.
There is a “make offer” form on each landing page, and it is unclear how prospective buyers and third party sellers will be able to negotiate via the platform. I understand that those details will be published once the platform opens up for sellers.
Opening up DomainMarket.com makes sense for Mike Mann. The platform was created and used to sell house-owned domain names, and there are likely just a few changes necessary to bring on additional sellers.