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Review FOA List Before Approval

Elliot Silver
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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):

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Front Announces Domain Name Upgrade

Elliot Silver
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Front is a customer communication platform that was founded in 2013 and has been using the FrontApp.com domain name for its website. This company has raised nearly $150 million in funding, according to Crunchbase. Front.com has long been owned by a financial services company, although it had not been used since 2010, according to Archive.org.

Last month, Jamie Zoch noticed that Front.com was pending transfer and speculated that the domain name may have been sold. Jamie was right, and it turns out the Front.com domain name was acquired by Front.

Yesterday afternoon, Front announced its updated website, and more importantly, its new domain name. The company made this announcement in a fun way:

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Rick Schwartz Announces Plans to Open Domain Brokerage

Elliot Silver
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This morning on Twitter, Rick Schwartz announced his plans to open a domain name brokerage. Based on some of the hashtags and prior tweets, it would not surprise me if he launched a brand called Game Changing Domains with the matching GameChangingDomains.com domain name:

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Private Seller Names on NameJet Should be Registered at Newfold Entities

Elliot Silver
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A NamePros post about NameJet caught my eye this morning because I have dealt with the same situation multiple times. In the NamePros post, the thread starter detailed a month-long, unsuccessful effort to get possession of a domain name he won at auction. Presumably, NameJet collected his payment already, so he is out his funds and the domain name.

I try my best to avoid “Public” domain name auctions at NameJet. The domain names in these auctions are privately owned by domain investors or others who wish to sell their domain names rather than expired domain names. NameJet started out as an auction platform for expiry auctions, but it opened up for private sellers several years ago.

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Gus.com Sold for $300,000+

Elliot Silver
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In my morning DomainTools Registrant Monitor alert email on Friday, I saw that Gus.com changed hands. The domain name had been owned by Nat Cohen’s company, Telepathy, and the domain name transferred to a Norway-based registrant at GoDaddy.

I chatted with Nat Cohen, and he confirmed that Gus.com was sold. He shared that the domain name was sold via the GoDaddy Domain Brokerage Service (DBS). The net payment to his company was $300,000. The standard commission rate for GoDaddy’s DBS is 20%, which would put the value of the deal at $375,000 ($375,000 * .8= $300,000). However, because a buyer may be able to negotiate a better commission rate on higher value deals, it’s possible the total price is lower than that.

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Preview of the New DAN.com

Elliot Silver
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I have become a pretty big fan of DAN.com. It’s not just because they are an advertiser here. I have done a solid amount of business using the platform in the year since I put most of my inventory on DAN. In fact, one of my largest recent sales was closed via self-negotiation on the DAN platform.

For quite some time, I have been hearing about the next iteration of DAN. When I have passed along suggestions and feature requests to CEO Reza Sardeha or Laszlo Schenkhuysen, they have mentioned that the requested changes will be included in DAN 2.0 as it has been called. I am looking forward to seeing the newest iteration of DAN roll out.

This past Friday, Reza shared a few preview images on Twitter:

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