Domain Name Swapping Marketplace
Launched
SwapNames (www.swapnames.com)
is a newly launched free marketplace for trading domain names and
web sites. With SwapNames, domain name owners can search out domains
of interest, offer their own domains to swap, and receive swap
offers from other domain owners.
Additionally,
the site acts as a domain name marketplace where users have the
option of buying or selling valuable e-properties. All listings on
SwapNames have both a fixed selling price and a trade value, which
creates valuable exposure to easily market and sell or trade
domains.
Presently,
there are no open, free-for-all marketplaces just for domain name
barter trading. All other domain name marketplaces are either
auction houses or for sale listing sites. With the launch of
SwapNames, the domain name industry now has its very own barter
trading portal.
The idea for
the site was inspired by Kyle MacDonald who traded one red paperclip
for a different item, and continued trading his items until, 14
trades later, he owned a house. SwapNames' founder Koay Al Vin,
after reading about the One Red Paperclip project, immediately
related the idea to the hundreds of domain names he had invested in.
�Most of my
lesser quality domain names could not be sold, and were left
undeveloped and gathering �digital dust.� I could not properly
monetize the names, and renewal dates were drawing nearer,� Koay
disclosed.
�Because of the
circumstances, I had to actively search out fellow domain owners to
barter (trade) my names with theirs. Today, every domain owner in
the same boat can actively trade-up their domains and that is an
extra alternative instead of just letting their domains expire,� he
added.
�I knew that
this industry was really in need of a platform for people to swap
their existing domains. Now, everyone can diversify their portfolio
of domains the way Kyle MacDonald did, but this time it will be for
virtual pieces of properties: domain names.�
Malaysian-based
domain investor and entrepreneur Koay Al Vin, incorporated SwapNames
in Delaware, USA, and operates from a tiny, but beautiful, island in
Malaysia called Penang.
