Not too long ago, I urged everyone to try out the effective sales skills of the Domain Name Sales brokers.
Raving over something once does not indicate consistency, but when they do that three times in a row there’s a clear pattern right there.
Having just completed a high four figures sale at DNS, I must say that these guys (and gals) don’t give up easily. They ‘hammer’ the buyers with gusto and style, persisting when I give up.
And it works.
A buyer that displayed lots of confusing inefficiency in following up with their inquiry and offers, surpassed all hurdles with the help of Wade, broker at Domain Name Sales.
The buyer, who was acting on behalf of his employer, got a clear line of guidance from Wade, who made sure that there were no misconceptions or unanswered questions.
In the end, the sale closed by utilizing the service of GoDaddy’s internal escrow paid by the buyer; they funded the purchase with a credit card above the amount of $5,000 that other escrow services consider a maximum for a single transaction.
The only downside, and by no means a serious one, is that payment will be made by DNS at the end of the month – as if it were parking revenue – so keep that in mind if you go the GoDaddy way due to the same reasons.
A job well done, DNS.
Actually that payment through GoDaddy won’t be issued by DNS until the end of the “following” month. If you sold it in February, the payment won’t be issued until the end of March. That in my opinion is too long for a domain sale payout.
Rob – I’ve confirmed with DNS that the funds are calculated at the end of the current month, and disbursed in the first couple of days of the following month. So it doesn’t follow the “net 30” principle of parking earnings.
Rob is right. Godaddy sales are paid at the end of the next month and I agree – too long.
I’ve heard it said in sales that the fortune is in the followup. I like how the DNS platform follows up with old/cold leads to re-initiate the sales process. Hasn’t worked for me yet but glad to see it is working for others.
Thanks Acro. I’m very glad to hear that actually. I can’t remember where I read it, but some post I read recently said specifically that GoDaddy escrow sales through DNS were paid net 30, the same as their parking payments. I had no first hand experience though, since despite many GoDaddy leads to DNS, I have yet to see a single sale through that channel.
Ryan – This wasn’t a GoDaddy brokered sale. Only GoDaddy escrow was used.
I’ve confirmed that with Jeff Gabriel, via Wade by the way.
If the lead came from Godaddy to the DNS brokers with a godaddy lead icon and a 20% commission, then it will be paid like parking payments (end of the next month). If it came in any other way (phone, email, lander, DNS marketplace search) then yes, you will be paid much faster.
Ryan – And as I explained, this isn’t the case here; it was an internal switch to using GoDaddy escrow to facilitate the CC payment, as it was above $5k.
I guess I was a little cloudy on that too Acro. I didn’t realize that it was a regular DNS brokered sale that just used Godaddy escrow due to the amount of the CC transaction. I did find the story from Andrew Allemann on domain name wire that confirmed GoDaddy sales through DNS are paid the same as their parking earnings though, but apparently that was not the scenario in your article. But to my original point and Ryan’s, 30 net payout is too long for domain sales. http://domainnamewire.com/2014/02/03/domainnamesales-portfolios/
Rob – It’s good to have options when it comes down to getting the funds through. Somehow, GoDaddy is able to accept payments up to $10,000 on a credit card, something that no other escrow does.
For brokered sales via GoDaddy, the net 30 payout is consistent with others, such as Moniker escrow, I believe.