Domain Name Broker Launches ‘Domain Wanted’ Feature
Posted by web - 28/12/05 at 11:12 pmEl Paso, Texas - Domain broker, Wulux.com, has launched a new “Domain Wanted” feature within its domain marketplace. Wulux.com was founded in November 2005, and described by the compnay as , ”a unique website which can be categorized as a domains marketplace or domains trader.”
The importance of such a website is enormous when one embarks on starting an online business. The importance of getting a good domain name is not lost on a good e-business-man, especially when he/she is migrating from or expanding to an existing business. Finding a name to suit and convey the nature and objective of a new online business is very tough. Many names have been registered by people long ago without any objectives of starting a business. To find out whether they are willing to sell these names for a price, one could make use of the services of Wulux.com.
Wulux.com offers a multitude of services including buying domain names, selling domain names, and domain wanted club, all for a moderate fee and commission. Domain Wanted club is a group of members, where one can advertise their domain name requirements to a wide audience only for a membership fee of $50 for 3 months or $120 per annum. Wulux.com also offers domain registration and web hosting services.
Buying or selling a domain through Wulux.com costs a commission calculated at 6% of the domain price. For this fee, Wulux.com acts as an intermediary to make sure the transactions takes place quickly, correctly and efficiently. This is achieved by escrowing the price of the domain with Wulux.com until the name is correctly transferred to the said buyer. The escrow is released after deduction of commissions and the transfer costs are borne by the buyer and the seller at their end. Various means of money transfer are supported by Wulux.com - Paypal, Western Union, Xoom, Checks, Money Orders or Wire Transfer.
A list of available domains with prices can be viewed at: www.wulux.com. The details include bid price (the lowest price where the bid will start), buy price (the price at which the domain can be immediately bought for) and the status (availability of the domain).
The company noted that Bill Gates of Microsoft Corporation has predicted, ”Domains have and will continue to go up in value faster than any other commodity ever known to a man.”
