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.