I thought now would be as good a time as any to start a new series on my blog, and I’ve decided to call it the question of the week. Each week I’ll pose a question that I can hopefully re-cap at the end of the week with either an answer that seems to represent the majority, or at least a good representation of the different viewpoints.
To start things off I thought I’d pick a relatively broad question – if there is one thing you could change about the domain industry what would it be?
As always, it’s never fair for me to ask a question and then sit back in the catacombs while everyone else answers…so here’s my answer. If there was one thing I would change about the domain industry it would be the commission that marketplaces charge. 20% – 30% is way too high IMO for something that passively sells your domains.
If there’s a broker working hard making calls, sending emails, and hustling to sell my domains, that’s one thing. However if you’re a marketplace with thousands, tens of thousands, or millions of domains I don’t think 20% – 30% is reasonable. I’d be okay paying 5% – 10% but if there was one thing I could change in the industry it would be to bring these commissions down to something more reasonable.
Now it’s your turn, comment and let your voice be heard!
Photo Credit: benjaminreay Flickr via Compfight cc
More transparency and checks and balances in things like domain parking, especially. Not that Google can come in and claw back $50 from a month ago and the parking company doesnt have to tell you why, or what domain was the target, who the culprit was, etc — just that “it happens”.
Its almost like its an organized crime business. You know, the big goons walk into your place and tell you they’re taking back some money for their boss. They cant tell you why, maybe they dont know – maybe they do, but they cant tell you. They’re just going to do it. If you dont like it then you dont need to do business with the boss.