Yesterday DNWE.com (Domain Name Wholesale Exchange) announced it was going to change to a subscription payment model. The news was announced on Domain Name Wire, here’s a quick recap:
The platform is scrapping commissions in favor of a subscription model. Users will pay a $14.99 per month (or $149 per year) fee to use the system, with early bird pricing of $9.99 per month (or $99 per year). The new model will begin on January 10.
Sellers will no longer pay a 12% commissions on sales. Buyers will pay DAN.com’s 5% escrow and transaction fee when they buy domains.(Source – Domain Name Wire)
There has been a lot of buzz about the changes on Twitter and Josh shared some nice advantages for both buyers and sellers with the new changes:
Personally I’m a big fan of the change, the subscription price is incredibly reasonable. What I really appreciate about DNWE is the quality control that Josh and Josh have done, they’re definitely working hard to make sure that the right names make it in and at truly wholesale/liquidation prices.
When it comes to building great products, being comfortable experimenting, pivoting, and trying different things is so important. Sometimes it’s hard to do, with every change you have a chance of annoying some people and losing some customers. At the same time, in the end it usually means learning, improving, and creating a much better product over time.
Congrats to Josh and Josh, great way to start the year and I’m looking forward to being one of your first subscribers! 🙌