Domain Name Wholesale Exchange DNWE Marketplace

Hey Everyone -

I wanted to address a few things.

1) The 9% commission includes all Escrow fees. For now Escrow.com is the only transaction method while this concept is in the beta phase. Depending on how things progress we may actually facilitate smaller transactions and/or incorporate more payment options. With this commission structure including escrow fees we're certainly going to operate in the red for quite some time. I'm happy to do so if the platform continues to gain traction with the community.

2) I've already declined a hefty amount of submissions. While I want to include a wide range of domains, it's imperative that the quality is good and the prices are wholesale (otherwise the buyers will soon lose faith). If you've got a good domain publicly listed at $8,000, the expectation is that it's listed for significantly less on DNWE.

Example:

GolfDay {.com} $19,000 Public BIN
GolfDay {.com} $999 DNWE BIN

This domain is reg'd in 10 tlds, created 1996, clear commercial retail value, good comparable sales.. Think to yourself - Could this name sell for $1,000 at GD expired auctions?

If I decline your names It's not because I want to. It's because I have to so that we give this a chance of success. My advice is that you only submit names that you truly want to liquidate.

3) We are currently allowing 10 submissions per day. That is going to be changed to 5 shorty.

Why? As mentioned we've had some very low quality or highly priced submissions. I don't want to charge silly submission fees so hopefully by lowering the number of submissions per day people will be a little more selective on domains and pricing.

4) We already have roughly 200 sign ups from many very well known buyers in the industry so if you do want to move names there will be eyeballs.

5) All accounts are manually approved. We can't guarantee that an end-user won't somehow find us and slip through the cracks but all users are manually vetted before approval. We are requiring two domains to verify via whois so that we can associate the user with some kind of "domainer" status. The most important factor is that it's obviously a private platform so none of the domains will be indexed or shown in public. An end-user outside of our industry that wants to buy your name will not find it on DNWE.

6) We had email delivery issues which are solved for now (fingers crossed). Most of you that signed up have been approved (even if you didn't receive the approval email). You can now login to the platform and familiarize yourself with it. It's quite simple and basic for now but I have A LOT of product features in the pipeline and do intend to follow through with them if I continue to get the support from our great community.

7) When you list a domain you won't see it in the buy section of your portal because you are the seller. Know once you publish a domain IT IS listed for everyone else to see in the "buy" section. I'm looking to tweak this so that sellers can see their names listed in the buy section as well but just wanted to clarify that for everyone.

8) There are a few bugs but I'm all about releasing things early and often so that I can get feedback from the users. Like i said, I have a lot of things in the pipeline and intend for this to be a long term project that changes the way domain investors sell their domains in a wholesale environment.

Please remember, I'm a 1 man squad at the moment with limited time and a lot of demand. I am considering a partner at this point and have already had talks with 1 person in particular. We'll see how things progress from here but I'm pretty accessible and I appreciate the support and feedback.