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'''Afternic''' provides domain listing, resale and aftermarket purchase services. The site has evolved over the years to include a host of features, including safeguards and security to protect both parties involved in a sale. Features for buyers provided by the site include detailed checks of domain names listed on the site, and also a negotiation team that will locate owned domain names that are not on the market, and work out a sale. Sellers profit from using the site because of the massive levels of established traffic on the site, as well as efficient systems of domain parking, pricing and, of course, escrow.
 
'''Afternic''' provides domain listing, resale and aftermarket purchase services. The site has evolved over the years to include a host of features, including safeguards and security to protect both parties involved in a sale. Features for buyers provided by the site include detailed checks of domain names listed on the site, and also a negotiation team that will locate owned domain names that are not on the market, and work out a sale. Sellers profit from using the site because of the massive levels of established traffic on the site, as well as efficient systems of domain parking, pricing and, of course, escrow.
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In listing their domain on Afternic, sellers can profit from Afternic's distribution network as well.<ref>[http://www.domainnamescanmakeyourich.com/afternic/ Domains Names Can Make You Rich]</ref>
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In listing their domain on Afternic, sellers can profit from Afternic's distribution network as well.
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There have been concerns, both regarding the level of protection for parties engaging in a deal on Afternic, and also with the appraisal system that Afternic uses to assess the worth of available domains. There have also been complaints about the traffic on certain offered domains having been misrepresented <ref>[http://www.dnforum.com/f218/must-read-afternic-story-thread-95778.html DnForum - Afternic Complaints]</ref>. However, these issues have not been confirmed by a reliable authority.
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There have been concerns, both regarding the level of protection for parties engaging in a deal on Afternic, and also with the appraisal system that Afternic uses to assess the worth of available domains. There have also been complaints about the traffic on certain offered domains having been misrepresented. However, these issues have not been confirmed by a reliable authority.
    
== History ==
 
== History ==
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It was also part of Collin's game plan to turn Afternic.com from an independent exchange profile to that of an exchange-broker network.  
 
It was also part of Collin's game plan to turn Afternic.com from an independent exchange profile to that of an exchange-broker network.  
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The site was sold again in 2006 to [[NameMedia|NameMedia Inc.]].  [[NameMedia]] were also owners of [[BuyDomains.com]], which enabled the company to sell the inventory of the site on Afternic.com. <ref>[http://www.domainappraisal.org/articles/afternic-aftermarket-review/ Aftermarket Review on DomainAppraisal.org]</ref>
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The site was sold again in 2006 to [[NameMedia|NameMedia Inc.]].  [[NameMedia]] were also owners of [[BuyDomains.com]], which enabled the company to sell the inventory of the site on Afternic.com.
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In September of 2013, [[GoDaddy]] Group Inc. acquired the business form [[NameMedia]], making it easier for the company to sell registered domains to its customer base. The acquisition also included the SmartName platform, a domain parking service, but did not include the [[BuyDomains.com]] website.<ref>[http://domainnamewire.com/2013/09/19/godaddy-acquires-afternic-from-namemedia/ GoDaddy Acquires Afernic from NameMedia, Domain Name Wire] Retrieved 19 Sept 2013</ref>
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In September of 2013, [[GoDaddy]] Group Inc. acquired the business from [[NameMedia]], making it easier for the company to sell registered domains to its customer base. The acquisition also included the SmartName platform, a domain parking service, but did not include the [[BuyDomains.com]] website.<ref>[http://domainnamewire.com/2013/09/19/godaddy-acquires-afternic-from-namemedia/ GoDaddy Acquires Afernic from NameMedia, Domain Name Wire] Retrieved 19 Sept 2013</ref>
    
== Business ==
 
== Business ==
In 2006, when it was acquired by [[NameMedia Inc.]] the site had over 1.8 million domain name listings. This success was only strengthened by the [[NameMedia]] acquisition, as [[NameMedia]] also owns [[BuyDomains.com]]. This formed a very strong business model, in which domains from [[BuyDomains]] could avail of the considerable Afternic aftermarket sales infrastructure. The site has grown significantly since its acquisition by [[NameMedia]], and now holds more than 3 million domain names in its listings, with some domain names (for example, Fish.com) selling for more than a million dollars.<ref>[http://www.domainappraisal.org/articles/afternic-aftermarket-review/ DomainAppraisal]</ref>
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In 2006, when it was acquired by [[NameMedia Inc.]] the site had over 1.8 million domain name listings. This success was only strengthened by the [[NameMedia]] acquisition, as [[NameMedia]] also owns [[BuyDomains.com]]. This formed a very strong business model, in which domains from [[BuyDomains]] could avail of the considerable Afternic aftermarket sales infrastructure. The site has grown significantly since its acquisition by [[NameMedia]], and now holds more than 3 million domain names in its listings, with some domain names (for example, Fish.com) selling for more than a million dollars.
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===Sales Figures===
 
===Sales Figures===
 
For the week ending December 4th, 2011, Afternic sold $1.26 million USD in domains. The top sale in that time period was for BonnieandClyde.com, which cost $13,000; this, however, was only the most expensive, publicly announced domain, a higher valued one may not have been disclosed.<ref>[http://www.thedomains.com/2011/12/06/afternic-com-sells-1-3mm-in-domains-led-by-bonnieandclyde-com-at-13k/ Afternic.com sells 1.3mm in Domains, TheDomains.com]</ref>
 
For the week ending December 4th, 2011, Afternic sold $1.26 million USD in domains. The top sale in that time period was for BonnieandClyde.com, which cost $13,000; this, however, was only the most expensive, publicly announced domain, a higher valued one may not have been disclosed.<ref>[http://www.thedomains.com/2011/12/06/afternic-com-sells-1-3mm-in-domains-led-by-bonnieandclyde-com-at-13k/ Afternic.com sells 1.3mm in Domains, TheDomains.com]</ref>
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'''Pre-order:''' Domains that are due for expiry can be pre-ordered as well. And of course if the domain name actually lapses from ownership on expiry, and Afternic.com obtains ownership, that domain name is put on live auction.
 
'''Pre-order:''' Domains that are due for expiry can be pre-ordered as well. And of course if the domain name actually lapses from ownership on expiry, and Afternic.com obtains ownership, that domain name is put on live auction.
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'''Messaging and Mediation:''' The site has an internal communication and messaging infrastructure that allows for communication between buyers and sellers. The site also maintains mediators and arbitrators to deal with issues that may arise between parties to a deal.<ref>[http://www.domainappraisal.org/articles/afternic-aftermarket-review/ DomainAppraisal]</ref>
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'''Messaging and Mediation:''' The site has an internal communication and messaging infrastructure that allows for communication between buyers and sellers. The site also maintains mediators and arbitrators to deal with issues that may arise between parties to a deal.
    
'''Appraisal:''' Afternic provides a service whereby they appraise the value of sites offered for sale. This system has been criticized for not being realistic, but there are few automated systems that are. No studies have been conducted with results either for or against the Afternic site appraisal system.
 
'''Appraisal:''' Afternic provides a service whereby they appraise the value of sites offered for sale. This system has been criticized for not being realistic, but there are few automated systems that are. No studies have been conducted with results either for or against the Afternic site appraisal system.
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== External links==
 
== External links==
 
* [https://www.afternic.com/ Afternic.com – Official Website]
 
* [https://www.afternic.com/ Afternic.com – Official Website]
* [http://namemedia.com/ NameMedia Inc. - Parent Company]
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* [http://www.godaddy.com/ GoDaddy - Parent Company]
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[[Category: Companies]]
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[[Category: Past Supporters]]
[[Category: Past Sponsor]]
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[[Category:Marketplaces]]
 
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