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100% Catch Rates at Drop.com.au

Discussion in 'Drop.com.au' started by trellian, Jul 24, 2018.

  1. trellian

    trellian Membership: Community

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    I hope everyone has noticed our current catch rates!

    Currently winning all contested domains, so a 100% catch rate on contested names.

    So if you are blind bidding somewhere else, time to revisit drop.com.au again, since most names are being picked up for $25
    So a great time to catch those gems.

    Cheers
    David
     
    ttfan, Rhythm, snoopy and 7 others like this.
  2. Luke.

    Luke. Membership: Community

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    Just wish Drop was user-friendly - it's such a difficult interface.
     
  3. Rhythm

    Rhythm Membership: VIP

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    Impressive!

    kudos on the website refresh
     
    snoopy likes this.
  4. trellian

    trellian Membership: Community

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    Work in progress Luke.

    Lots of changes planned and in stages of being released.

    Cheers
    David
     
    Callum, Scott7, DomainNames and 3 others like this.
  5. DomainNames

    DomainNames Membership: Community

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    You may want to look at your aftermarket platform, charge a reasonable commission of 5% and promote it for people to buy and sell more widely. More eyes will visit the site, take part in the drops, aftermarket and overall give you more money and support stimulating growth and positivity.

    https://www.drop.com.au/my_account/ams.php
    "Not Found
    The requested URL /my_account/ams.php was not found on this server."
     
  6. trellian

    trellian Membership: Community

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    Yes working on the aftermarket as well. A reasonable and realistic commission is closer to 15% though. Merchant fees are upto 3.95%, escrow bank fees take a bit as well and then you need to factor in development costs, marketing, support and all the admin that goes with it. Until the volumes grow the rate can then be evaluated, but at 5% the aftermarket place would be making a loss. So that is not viable.
     
    Scott7, Scott.L and snoopy like this.
  7. ttfan

    ttfan Membership: Community

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    auDA Member:
    Yes
    Do you still show the domains caught for the day? That's something I also enjoyed looking at, and learn something in the process.
    While I do like filter options on the daily auction page, some options never seem to work, and some only work sometimes.
     
  8. trellian

    trellian Membership: Community

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    Not yet but that is planned to be put back in. So will definitely be added back in. Right now most names are going for $25. So a great time to place bids.

    Cheers
    David
     
    Rhythm likes this.
  9. ttfan

    ttfan Membership: Community

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    auDA Member:
    Yes
    So is there any way of seeing which domains you managed to catch for the most recent day? They used to be at the top of the list, on your old website, which was really useful, but I can't see any at all on your new website.

    It would also be really useful if you could add the "links" columns on your Daily Drop List, as I find that a useful indicator of value (in temrs of it's old links profile).
     
  10. trellian

    trellian Membership: Community

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    Still working on both of the above. We do list the on the homepage recently caught but ranked in $. The plan is to have a section where you can see what has been caught and for how much.

    As for Links the data column is there, but scraping these results requires some work before the number are back. Hope to have that resolved shortly.

    Cheers
    David
     
  11. DomainNames

    DomainNames Membership: Community

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    Check out some lower rate merchant fee providers. Stripe.com etc
    Netfleet commission charge 8%https://www.netfleet.com.au/toc.php
     
  12. sasha

    sasha Membership: VIP

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    so go ahead and sell your domain names with NetFleet, let us know how that works out for you, NOT
     
    Horshack likes this.
  13. trellian

    trellian Membership: Community

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    We recently changed to Stripe for Drop, the rates are still not great 1.5% to 3% depending on the card type plus $0.30 transaction fee, plus a lot of hidden fees, such as for refunds you do not get back the merchant fee they charge. Plus the risk with chargebacks on top. So you need to factor this in when offering high value sales that may later need to be refunded.

    For low value orders such as a domain renewal of $10.00 the cost is $0.45 to $0.59 so that is 4.5% to 5.9% of the charge amount. So if you can please renew in bulk ;)

    Cheers
    David
     
  14. Bacon Farmer

    Bacon Farmer Membership: VIP

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    Would it be possible to sync a customers portfolio of domains to a single transaction and also provide a price incentive to register for multiple years?
     
  15. trellian

    trellian Membership: Community

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    Yes Domain Sync is an option. That can be done, just reach out to our support team,they can assist with that.

    As for price incentives for multi year renewals,there are no current promotions for multi year renewals. I am sure that we will do a post here if something is made available for us to pass on.

    Cheers
    David