NamePros.Com - View Single Post - Moniker auction terms Outrageous

I don't see the "20%" that some have referred to. It has been and I believe still is 15% commission. That's reasonable because of the focused buyers and in-industry promotion that Moniker gives the submitted names.

I also do NOT like the contract's self-renewal terms and need to opt out rather that have it expire x-days after the auction.

It takes pretty big cohones and a "take-it-or-leave-it-you-peons" attitude to include that "2-year" all-encompassing-for-every-possible-eventuality legalese. TWO-YEARS ??? - Moniker, you have to be kidding.

I can understand how Moniker needs to protect itself from seeing names submitted for auction and then having them transacted by the parties after the auction outside of the venue thus bypassing the associated commission terms. But in the big scheme of things, the protection they are seeking really only makes a difference with the HIGH priced names. All these terms and conditions should not apply to the run of the mill names.

Use a sliding commission based on selling price - For example, I would suggest no restrictions for names that SELL under say $5,000. A flat 15% commission is fair and okay. But they should lower the commission to 10% for names that sell up to high $xx,xxx, to 5% for names in the $xxx,xxx range, and maybe down to 3% for names in the $x,xxx,xxx range. That in itself would lessen the incentive to transact the names outside of the auctions and allow for a more streamlined contract.

WE are providing THEM with all the thousands of names that eventually generate interest and that commission income. If they keep this up, other online auctions which can be scheduled at ANY TIME (even right before or even during these industry trade shows) attract our names and will take more money and focus away from these TRAFFIC/Moniker auctions.

Come back down to earth Moniker ... you are starting to lose touch.
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03-27-2008, 03:59 PM	· #29
acc NamePros Regular Trader Rating: (29) Join Date: Nov 2006 Posts: 670 NP$: 541.00 (Donate)	I don't see the "20%" that some have referred to. It has been and I believe still is 15% commission. That's reasonable because of the focused buyers and in-industry promotion that Moniker gives the submitted names. I also do NOT like the contract's self-renewal terms and need to opt out rather that have it expire x-days after the auction. It takes pretty big cohones and a "take-it-or-leave-it-you-peons" attitude to include that "2-year" all-encompassing-for-every-possible-eventuality legalese. TWO-YEARS ??? - Moniker, you have to be kidding. I can understand how Moniker needs to protect itself from seeing names submitted for auction and then having them transacted by the parties after the auction outside of the venue thus bypassing the associated commission terms. But in the big scheme of things, the protection they are seeking really only makes a difference with the HIGH priced names. All these terms and conditions should not apply to the run of the mill names. Use a sliding commission based on selling price - For example, I would suggest no restrictions for names that SELL under say $5,000. A flat 15% commission is fair and okay. But they should lower the commission to 10% for names that sell up to high $xx,xxx, to 5% for names in the $xxx,xxx range, and maybe down to 3% for names in the $x,xxx,xxx range. That in itself would lessen the incentive to transact the names outside of the auctions and allow for a more streamlined contract. WE are providing THEM with all the thousands of names that eventually generate interest and that commission income. If they keep this up, other online auctions which can be scheduled at ANY TIME (even right before or even during these industry trade shows) attract our names and will take more money and focus away from these TRAFFIC/Moniker auctions. Come back down to earth Moniker ... you are starting to lose touch. .. Please register or log-in into NamePros to hide ads __________________ A Full Gross of Generic-Keyword .US names - Sale Priced - Updated Often Dot US - because I live here ...... Dot Mobi - because it's anywhere I go.