DAN: Import Lease to Own (LTO) transactions with a 10% commission

Konstantinos Zournas March 16, 2023 Domain Name News, Make Money, Sell Domains, Sponsors 1 Comment

DAN announced some product updates today, one of which is that you can now import Lease to Own (LTO) transactions with a 10% commission rate.

Here are all the new product updates at DAN:

1. Import LTO transactions

We revamped the process of importing a lead, adding the ability to import a lease to own transaction. From 16 March, you have three initial options; Buy Now (BIN), Make Offer, and Lease to Own (LTO). A detailed form then allows you to import your lead effectively.

2. Auto OPT-IN Afternic listings

Domain names that hold a Buy Now price will be automatically integrated in to the Afternic distribution network, providing better exposure for your domain names.

Prices on the Afternic network will be shown in USD, with Afternic prices being inherited from your Dan.com BIN price.

If you wish to opt out for any reason, you can do so in your account settings.

3. Commission alignment

Alongside our continued product updates, we aligned our commission models effective 1 February with other GoDaddy marketplaces. We now have the following commission rates:

15% commission for domains sold that point to nameservers at Dan.com, Afternic, Uniregistry or GoDaddy Auctions; regardless of where it sells on the network or through the landers directly.
25% commission for domains sold that are not pointed to nameservers at Dan.com, Afternic, Uniregistry or GoDaddy Auctions.

4. Seller dashboard redesign (LTO revenue section)

Sellers with LTO transactions will now be able to track their revenue statistics, thanks to our redesigned LTO dashboard. At a glance, you can track your weekly, monthly, and annual recurring revenue through a simple, familiar graph.

5. Dashboard stats optimization

Stats on your user dashboard are now improved, with more data variables and added consideration for all-time metrics, rather than monthly only statistics.

6. Added support for .kids

While Dan.com provides support for many top-level domains (TLDs), there are some that we’re still adding. We’ve recently implemented support for the .kids TLD.

7. Infrastructure advancements for faster everything

Behind the scenes, we worked hard on-site stabilization. This work includes bug fixes and refactoring. As a result, Dan.com now loads faster, providing an improved user experience. We also noted a decrease in bot traffic reported, along with better conversions.

8. Chinese typography search support

Through our mission to make domain trading available to everyone, we added support for Chinese typography for searches at Dan.com.

9. Restore deleted domains in bulk

The familiar bulk toolbar now allows you to restore domain names that you have deleted in bulk. Head to your deleted domains page to select and restore domain names in bulk.

10. Afternic Distribution Network optimization and faster domain ownership

We implemented some changes to the Afternic Distribution Network listing process to make the process smoother. The domain ownership process is faster, too, with added automation and efficiency.

11. Keep, edit, or remove descriptions

Dan.com users now have better customization of sales page descriptions. Keep, edit, or remove a description for an individual domain name directly from your portfolio page.

One comment

Neal
March 17, 2023 at 2:01 pm

Thanks for the update Konstantinos

I know you used to promote or like DAN and I was nearly tempted to give them a go, until I put the figures in a spreadsheet.

However, once GoDaddy bought them DAN was also added to by blacklist, the culture of GoDaddy comes from their founder who I gather is still their biggest shareholder.

My experience of GoDaddy was never positive, either they did not include things others did, or they were misleading, in their early days they counted a correction to their mistake as a change of ownership and put a ransom on my being able to leave. Then when I found out about him hunting and killing Elephants I had to give a life ban.

The culture seems to have lived on, friends tell me that they feel conned and I say “I told you so”.

Now is surely the time to build an alternative to DAN but with better terms, it is a no brainer because sooner or later GoDaddly will come along waving it’s wallet with an offer to buy you out.