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HOW TO PURCHASE PREMIUM DOMAIN NAMES AT DAN.COM
By Ambrose Kunutsor | Guide |
ABOUT DAN.COM
Dan.com is rated the best domain name aftermarket. The name is an acronym of Domain Automation Network. It is a subsidiary of Undeveloped BV of Netherland and a GoDaddy brand. Its domain automation is built on the latest blockchain technology in association with IBM.
The purchase of a domain name, payment process and its associated escrow services, the transfer of the domain to the buyer and subsequently, the transfer of proceeds to the seller are integrated in a smooth process leaving no party dissatisfied in the end. Incidentally, its payment processor, Adyen is also the payment processor for Microsoft Dynamics 365, Oracle Commerce, Salesforce, Woocommerce, Adobe (Magento Marketplace), Facebook, KLM, Spotify, Uber, etc.
TYPES OF DOMAIN NAME LISTINGS AT DAN.COM
Klumart domain names listed on Dan.com are of 7 types.
The first is BIN (Buy it now) with a MO (Make Offer) listing with the buyer's ability to offer a price less than BIN. For example, Klumart may list a BIN price of US$6,000.00. You can buy it at that price outright or you may make an offer. What you are not aware of is that we have built a minimum offer price within the pricing mechanism, say US$1000. If you make an offer of less than US$1000 the system will ignore you. As you reach or exceed the threshhold, the system will notify us. We may come down and you also have the chance to upgrade your offer until a mutual agreement is reached.
For practical reasons however, Klumart rather has a very reasonable inbuilt minimum offer price so as not to scare away potential customers.
The second type has a BIN price with no options for make offer (MO). It is meant for impulse buyers with the necessary funds who can make purchasing decisions without further consultation.
The third type is lease-to-own (LTO). The lease period is up to 5 years (60 months). After making the first payment, Dan.com takes over the domain and allows you to start using it. If you default, it is returned to Klumart. As soon as you make the final payment the domain will be fully transferred to you. Note that LTOs are installment plans. LTO normally goes together with a BIN.
When the lease period is:
2 - 12 months, no markup is added;
13 - 24 months, 10% markup;
25 - 36 months, 20% markup;
37 - 60 months, 30% markup.
For example, if Klumart is leasing a domain, example.com with a BIN price of US$4,000 for a lease period of 40 months, at the end of the 40 months the lessee must have paid the BIN price of $4000 at $100 per month. In addition the lessee will pay a service charge of 30% of $4000 which is only $1200 also spread over 40 months at $30 per month. The lessee will therefore pay a total of $130 per month. The full ownership of example.com will then be transferred to the buyer.
The fourth type has no BIN price but only make offer (MO). The seller in that case is patiently waiting to receive any serious offer so that sales negotiation can continue from there. Don't forget also that some of such domains are so expensive that sellers will be doing themselves a disservice by displaying the price openly thereby scaring away potential customers. It will certainly bring out the best negotiation skills in both buyer and seller.
The fifth type has a BIN price combined with LTO and make offer (MO). It is meant to give the buyer more options.
The sixth type is a pure rent with no possibility of you ever owning the domain name. There is a monthly rent and the period of rent is specified, for example, 1 year. At the end of a year, you might have made enough money to own your permanent domain or renegotiate terms for 1 or more years until you are able to afford your own domain name.
Finally, the seventh is the Price Request (PR) type. Here no price is attached to the domain name openly. The buyer is expected to make a request from the seller.
It is quite obvious that paying in installments or leasing-to-own and pure renting are more or less suitable for startups. Established individuals and businesses can use the BIN price or negotiated final price through offers and counter offers. However, an established business facing budgetary constraints can also opt for lease-to-own or installments.
HOW TO PAY FOR DOMAINS AT DAN.COM
As mentioned earlier, Dan.com uses the world renowned Adyen payment processor. As soon as a sales agreement is reached, the smart system will prompt the buyer to pay for the domain name using wire transfer, credit or debit cards (MasterCard or Visa), SEPA, iDeal, MisterCash, Sofort, PayPal, AliPay, WeChatPay and Bitcoin, whichever is most convenient for the buyer.
After the payment, the escrow process kicks in. Dan.com holds the money and takes over the domain as well in order to make a smooth transfer to the buyer. It is only after the domain is in the buyer's possession, most often in less than 24 hours, that Dan.com will pay the seller less the commission.
As you can appreciate, there is so much inbuilt security that nobody can cheat the system. I love transparency; that is why we are delighted to allow Dan.com to process everything for us hassle-free.
SUMMARY OF THE DOMAIN PURCHASE PROCESS
In a nutshell, if you cannot register a domain name for your business because it is not available, then you have to enter a secondary domain market such as Klumart.com. Klumart uses Dan.com to carry out a smart domain purchase and transfer system. If you find a suitable domain on Klumart, follow its link into Dan.com secondary domain marketplace. Decide to buy it straight away or make a counter offer or lease to own it or pay in installment or rent it, whichever is applicable. Make the necessary payment and the domain will be transferred to you.
If you cannot find the domain you are looking for, you can use Klumart to find either a suitable alternative name for you, or broker a deal with the original owner of the special domain you are looking for. You can also find a broker of your choice.
Welcome to Klumart domain marketplace!
COMMENTS
If something is not clear to you, kindly contact us through the form below. We shall not publish your Email and your phone number. Good luck!
Kindly Fill the Form
A.C. Kunutsor
Owner Manager
Klumart
Ghana
Phone: +233 262 948 507
Email1: kludomain@gmail.com
Email2: domain@klumart.com
Disclaimer: Many of the links especially those going to Dan.com go directly to our special marketplace on Dan.com . However, a few other links to other websites may contain affiliate links. Also, Klumart's new domain registration is actually done by the domain giant, Namesilo.com.