There’s money in them second-hand domain names, and used websites that may otherwise be heading to the deadpool. Job outsourcing marketplace Freelancer.com, which IPOed last year, is expanding into the business of domain name reselling and website offloading, with what it claims are better rates than those offered by competing marketplaces.
The Australian company has launched Freemarket as a direct competitor to others in the space, such as Flippa and GoDaddy, offering free listings for anybody selling a domain name or full website. Instead, charging a 5 per cent commission for any subsequent sale
Aimed at entrepreneurs, SMEs, investors, or just about any web property owner, Freemarket lets users post both websites and domains for sale, either on an auction basis or with a fixed-price eBay-style ‘But-It-Now’ option. It then provides various tools for payment and a smooth hand-over process.
So far so me too, you might say. However, Freelancer’s big pitch is that, along with being competitively priced, its new website and domain marketplace taps into the company’s existing target market, which, along with Freelancer.com, also includes the recently acquired Warrior Forum, an online marketing community.
The end result, claims Freelancer.com Chief Executive, Matt Barrie, is that the company now provides a full suite of services for “creating, building and selling” an online business or service.