Requested To sell my domain exclusivity!

Abdul Aziz R · Jan 10, 2014

This is the first time got this offer.
I have a domain name that have a high discussions about how I got it, how I thought about it, and how no body thought about it before me. I submitted it in several marketplaces at a low-mid $xx,xxx. One of the biggest marketplaces offered me to sell it exclusivity with them. They saw that my domain is a high priced brandable name. They said they will make bigger marketing, so the price of my domain should be increased.

What Should I do to sign with them:
1- remove all listing in any other marketplace.
2- point my domain to their website
3- WHOIS details reflect their email and phone number
4- that will be for 60 days
-----------
my domain name is unique, I know that. And I know it is unique for a specific niche. It will have a higher value with marketing.

Do anyone got something like this?
What do you think about this offer?

any thoughts, feedbacks, opinions are appreciated.

Ralph2472 · Jan 10, 2014

I'd ask a few questions first. Such as:-
Do they want you to pay for a valuation?
Are they going to charge you to list it with them?
If it sells with them what is their final fee?
How much will they charge for Escrow?
Are they going to charge extra to advertise the name to their clients?
If they don't give you clear answers, I would suspect something is wrong.

If you felt you had to check their Whois details, maybe they are not the big player you expect them to be.
Their Whois details may not be what they should be. If they are in the U.S.A. you can probably check them out quite easily. (That is, company name, address, and phone number ) You can also check them out at The Attorney General's Office, and the Better Business Bureau.

Good luck with your sale.

Regards

Ralph.

Spade · Jan 10, 2014

They want the whois to reflect them? I would never do this.

Bannen · Jan 10, 2014

One of the biggest marketplaces

I have never heard of any marketplace needing the whois info of YOUR domain to have THEIR info on it. Sounds like a scam. But perhaps you misunderstood their terms of service. We might clear this up for you if you tell us:
Which marketplace is it?

Domainerr · Jan 10, 2014

If it is one of the best and biggest marketplace then u can sell your Domain exclusivity..Best of luck...

AEProgram · Jan 10, 2014

Bannen said:
I have never heard of any marketplace needing the whois info of YOUR domain to have THEIR info on it. Sounds like a scam. But perhaps you misunderstood their terms of service. We might clear this up for you if you tell us:
Which marketplace is it?

you serious? several do that

joshny · Jan 10, 2014

it is a scam, no big marketplace asks you to change your whois information, if you do that then in any dispute you don't own the domain

Bannen · Jan 10, 2014

AEProgram said:
you serious? several do that

Which ones? I've seen marketplaces that ask you to switch your nameservers over to them, but not your whois info. That's a new one on me, please name a couple so I can look into it, because that is setting yourself up for real trouble if, as Joshny points out, there is any dispute. Sounds like a recipe for the beginning of a domain theft.

4pm · Jan 10, 2014

aalrashed said:
I have a domain name that have a high discussions about how I got it, how I thought about it, and how no body thought about it before me.

One of the biggest marketplaces offered me to sell it exclusivity with them. They saw that my domain is a high priced brandable name.

my domain name is unique, I know that. And I know it is unique for a specific niche. It will have a higher value with marketing.

...

*

.NJ · Jan 10, 2014

Im assuming this is a new domain you recently regged correct?

What are the discussions on how you got it, and with whom?

Im going to say this is a scam.

Show the name, and I promise we will be able to confirm if its a scam or not instantly.

PM me the name if it makes you feel better.

biggie · Jan 10, 2014

:talk:

maybe the OP misread the info.

but if not, we'd all like to know what service asked for such whois changes.

imo.....

Abdul Aziz R · Jan 10, 2014

Ralph2472 said:
I'd ask a few questions first. Such as:-
Do they want you to pay for a valuation?
Are they going to charge you to list it with them?
If it sells with them what is their final fee?
How much will they charge for Escrow?
Are they going to charge extra to advertise the name to their clients?
If they don't give you clear answers, I would suspect something is wrong.

If you felt you had to check their Whois details, maybe they are not the big player you expect them to be.
Their Whois details may not be what they should be. If they are in the U.S.A. you can probably check them out quite easily. (That is, company name, address, and phone number ) You can also check them out at The Attorney General's Office, and the Better Business Bureau.

Good luck with your sale.

Regards

Ralph.

- No Valuation fees.
- No listing fees.
- There is a commission percentage if the domain sold.
- They have already an escrow service.
- No extra charge for advertising, but they will increase the price to include the advertising cost.
- They are known company. each one in this forum know them.

Thank you

Spade said:
They want the whois to reflect them? I would never do this.

This point specifically make me confuse. I know Their business much bigger than my domain name. But still make me uncomfortable about that.

Bannen said:
I have never heard of any marketplace needing the whois info of YOUR domain to have THEIR info on it. Sounds like a scam. But perhaps you misunderstood their terms of service. We might clear this up for you if you tell us:
Which marketplace is it?

They are Big. I don't think they are thinking in....

Domainerr said:
If it is one of the best and biggest marketplace then u can sell your Domain exclusivity..Best of luck...

Selling my domain exclusivity is OK. But their conditions make me uncomfortable.

AEProgram said:
you serious? several do that

So you are saying that reflecting whois info to theirs is ok?

iowadawg · Jan 10, 2014

Sounds funny...
OP does not want to name names.
Does not actually give any solid information.

I believe OP is just making things up as he goes along just to make some domain better than it is.

Abdul Aziz R · Jan 10, 2014

Judging a person does not define who they are, it defines who you are.

---------- Post added at 11:54 AM ---------- Previous post was at 11:47 AM ----------

Thanks to all who tried to help me here.
and thanks for .NJ he contacted them directly over the phone:

It's 100% legit, and they do want to list your name exclusively with them. The reason they want you to change the who.is data is so there are no complications when they are negotiating prices with a possible buyer. In the past they said there were issues with the potential buyer going through the who.is and trying for a better deal with the owner

hawkeye · Jan 10, 2014

aalrashed said:
..
and thanks for .NJ he contacted them directly over the phone:

Well, since you are leaving all to 'wonder' who is so trustworthy, then maybe he will share who they are for all here to know 'who to trust' when they are asked to change their whois info. It wasn't EPIK was it?? '':O''

Abdul Aziz R · Jan 10, 2014

hawkeye said:
Well, since you are leaving all to 'wonder' who is so trustworthy, then maybe he will share who they are for all here to know 'who to trust' when they are asked to change their whois info. It wasn't EPIK was it?? '':O''

You are right. They are NameRific

Domainerr · Jan 10, 2014

aalrashed said:
You are right. They are NameRific

At first i thought it was brandbucket..anyway its a good deal...

seven · Jan 10, 2014

There's no way in hell I'd sign over ownership of my domain. At that point you've completely lost control and are at their mercy.

There's a saying I go by: If it starts bad, it's probably going to end bad.

Try it out: movies, books, girlfriends, business deals, etc.

The very fact that you felt compelled to make this post despite your experience should tell you something.

Abdul Aziz R · Jan 10, 2014

seven said:
There's no way in hell I'd sign over ownership of my domain. At that point you've completely lost control and are at their mercy.

There's a saying I go by: If it starts bad, it's probably going to end bad.

Try it out: movies, books, girlfriends, business deals, etc.

The very fact that you felt compelled to make this post despite your experience should tell you something.

So you are saying that if I forward my domain to their sites, and reflect the whois info to theirs, I will lose control on my domain? I am not talking about new small company. First they have their reputation . Second, I have formal emails from them. I do not see any risks to go with them. Do you?

Bannen · Jan 10, 2014

I have never tried Namerific but others here have. You can ask them if this is common practice... or if Namerific is somehow singling you out for this whois change...

Interesting. Need more popcorn from 4pm

.NJ · Jan 10, 2014

As long as all the proper documentation is in order, I dont see an issue.

After speaking to them directly , I understand their method of the who.is change (as shady as it sounds).

They don't want any back door negotiations going on between the owner and buyer. They want total control.

Now, I may have a different opinion if this was a premium keyword domain that has age and instant value, but...........

Remember, we are talking about a possible brandable that was just registered less then a month ago.

So in my eyes the owner really has nothing to lose at this point (reg-fee).

If changing the who.is (with proper docs) is required to market this name to the fullest extent beyond what he could ever come close to, then go for it.

seven · Jan 10, 2014

aalrashed said:
So you are saying that if I forward my domain to their sites, and reflect the whois info to theirs, I will lose control on my domain? I am not talking about new small company. First they have their reputation . Second, I have formal emails from them. I do not see any risks to go with them. Do you?

If the whois is in their name, technically they own the domain. Will they run off with your domain? It seems unlikely given what you've said.

However, they are in control of the domain and you will be at their mercy. If they're not in a hurry to transfer it back to you after the 90 days or whatever, what's your recourse? If there's some fine print catch that escalates the fee if they keep it after 90 days, what's your recourse?

In this deal, you're left majorly exposed. I can see exactly where they're coming from. It's all upside for them. For you, it's risk vs. reward. If these guys are badasses at making huge end-user sales, maybe it's worth your risk.

It took me a while but I finally learned not to trust other businesses as far as their perceived money interests lie. Nobody will ever look out for you like you will.

Straight from DomainTools:

Whois is a widely used Internet record listing that identifies who owns a domain and how to get in contact with them.

http://www.domaintools.com/learn/what-is-whois-information-and-why-is-it-valuable-419/

NameOmnia · Jan 10, 2014

GREAT! One reason more not to use NR anymore!

I would never change any whois to anyone..do you remember? They were those who didn't need you to forward your domain to them and now thy want you to change whois...
Also the new super expensive logos..well.. to professionally draw a logo ( not Fiverr.. ) I have never been asked more than 300$ by graphic designer. They are asking people 800$...and to me this is a way for them to put more money in their pockets as I am sensing not all the money will go to the logo designer.

Something is smelling burnt at NR

Personally I wouldn't do it! NO WAY!

---------- Post added at 09:49 AM ---------- Previous post was at 09:47 AM ----------

seven said:
If the whois is in their name, technically they own the domain. Will they run off with your domain? It seems unlikely given what you've said.

However, they are in control of the domain and you will be at their mercy. If they're not in a hurry to transfer it back to you after the 90 days or whatever, what's your recourse? If there's some fine print catch that escalates the fee if they keep it after 90 days, what's your recourse?

In this deal, you're left majorly exposed. I can see exactly where they're coming from. It's all upside for them. For you, it's risk vs. reward. If these guys are badasses at making huge end-user sales, maybe it's worth your risk.

It took me a while but I finally learned not to trust other businesses as far as their perceived money interests lie. Nobody will ever look out for you like you will.

Straight from DomainTools:

http://www.domaintools.com/learn/what-is-whois-information-and-why-is-it-valuable-419/

Also ( and this comes from NR owner ) if you are not in the US it's really really hard, if you need it, to sue an American company and viceversa. So pay a lot of attention; you are giving THEM full control over YOUR domain in a virtual world where it's virtually impossible to take them to court.

Nattydomain · Jan 10, 2014

Honestly if you are certain that it is a high dollar domain then it should sell itself OR at least get in a lot of offers. If the names in your sig are any indication of the domain for sale I say just let it sit. and see what the open market says. What I am trying to say is that if the domain is strong (which I am very doubtful it is) then there is no need for some change of who is to sell it. It should sell itself.

NameOmnia · Jan 10, 2014

seven said:
If the whois is in their name, technically they own the domain. Will they run off with your domain? It seems unlikely given what you've said.

However, they are in control of the domain and you will be at their mercy. If they're not in a hurry to transfer it back to you after the 90 days or whatever, what's your recourse? If there's some fine print catch that escalates the fee if they keep it after 90 days, what's your recourse?

In this deal, you're left majorly exposed. I can see exactly where they're coming from. It's all upside for them. For you, it's risk vs. reward. If these guys are badasses at making huge end-user sales, maybe it's worth your risk.

It took me a while but I finally learned not to trust other businesses as far as their perceived money interests lie. Nobody will ever look out for you like you will.

Straight from DomainTools:

http://www.domaintools.com/learn/what-is-whois-information-and-why-is-it-valuable-419/

Also ( and this comes from NR owner ) if you are not in the US it's really really hard, if you need it, to sue an American company and viceversa. So pay a lot of attention; you are giving THEM full control over YOUR domain in a virtual world where it's virtually impossible to take them to court.

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