Are you looking for a robust marketplace where you can buy and sell web domains and websites? Freelancer.com, which acquired Warrior Forum earlier this year, has now Freemarket.com. Warrior Forum already had a simple platform where users could buy and sell these kinds of digital properties, but they wanted something more powerful and that’s how Freemarket.com was born.
I had the chance to chat with Nikki Parker, Regional Director of North America and Oceania for Freelancer.com, about this new development and what it means for making money online and the Internet marketing community.
What steps would an existing member of Warrior Forum or Freelancer.com need to take to start utilizing Freemarket?
If you have an existing account with Warrior Forum or Freelancer, all you have to do is go to Freemarket.com, click the sign-up button, click on the log in button beside the ‘Already a Freelancer.com member?’, then provide your account details or login with Facebook, then you can have instant access to Freemarket.
It is a really simple and straightforward process!
What tools are in place to help potential buyers of domains and websites have to find the properties they’re looking to buy?
Currently you can search listings by revenue, visits, price and category. This simple system makes it easy to drill down to what you are looking for. Once you have found a listing that interests you we provide data for each listing such as its financials, traffic, stats from Alexa and also PR and finally the age of the domain. To help a prospective buyer get a feel for the asset there are also screenshots of the website listed.
We have a dedicated team of engineers and specialists focused on Freemarket who are in constant contact with our users, listening to them and adding features that they want. We will continue to focus on improving the platform and making sure this is the most liquid and powerful platform to buy and sell domains and websites.
One of the key points for Freemarket is the low cost for sellers. Is there a cap on fees or is it 5% regardless of total? What payment options are available? Is there an option for escrow?
Currently it is 5% commission regardless of the total. We accept credit card, paypal, skrill, direct deposit and webmoney for listings <$500. And direct deposit for listings above $500. Freemarket has a built in payment service that holds the funds while the buyer and seller transfer ownership to ensure the safety of both parties. What about a feedback system?
We are in the process of building the functionality that will allow buyers and sellers to distinguish the best sellers and buyers. As that feedback, ratings and reviews system is developed we have the security of the Escrow style payments process to ensure money is made available to purchase assets and a handover process is properly adhered to.
Speaking of feedback – we are always open to feedback from our communities and those interested in using the marketplace!
It feels natural to integrate Freemarket with Freelancer. Is the site going to use cross-selling or cross-promotion to help buyers get started with their new properties?
The users of Freemarket will already be or become members of Freelancer.com or Warrior Forum and as a result will be made aware of and helped to gain full benefit from both the platforms. With the launch of Freemarket, the Freelancer.com suite of marketplaces means members have access to the best tools available to start, build, grow and even sell their business online.
Aside from cost, what are the most important features or reasons someone would choose Freemarket over Flippa? Both for buyers and sellers.
It is without doubt that Freemarket is the best value marketplace for buying and selling domains as it is free to list and the lowest fees on the market – at only 5% but they are not all the benefits for buyers and sellers.
For buyers they are accessing a marketplace where the world’s best technologists, developers, designers and Internet marketers are putting their assets. These are skilled professionals who work on Freelancer.com or Warrior Forum and are now able to sell their assets through the same marketplace they use on a daily basis. This means as the site grows buyers will have access to some of the best buys online.
For sellers the network is also the key benefit. The biggest buyers of domains and websites are Internet marketers and Warrior Forum is made up of the worlds best. The Freemarket team will be promoting and supporting listings on the site to make sure they are seen by as many people within the community, and outside of it, as possible. We intend to work as hard as we can to make sure that your asset gets sold for the price that you are looking for.
The network of over 13 million professionals through Freelancer.com and Warrior Forum provides users of Freemarket with priceless value.
The biggest thing that makes Freemarket stand out is its inbuilt payments system. Freemarket holds the buyers payment until the transfer is complete – protecting both the buyer and the seller – and fees are only charged after the handover is a success.
The advanced security and hand over process will provide peace of mind for our buyers and sellers who are making large transactions through the site. Freelancer is an established marketplace with an incredible team dedicated to ensuring the safest possible transaction processes online and our members will benefit from that.
Anything that you’d like to add?
Freemarket has been born from an obvious need in the market. When Freelancer.com acquired Warrior Forum it had a basic marketplace for buying and selling domains however the feedback was the community wanted this platform enhanced as they were dissatisfied with what else was available. The Freelancer.com and Warrior Forum communities are passionate, engaged and professional and they want to leverage the networks they have cultivated over the years on both marketplaces.
We are born and being built from direct feedback from the global market that knows the space best. This is an exciting venture for Freelancer.com and we are looking forward to continuing to work with our 13 million strong communities to make sure Freemarket is the best marketplace for buying and selling domains!