domain A WORSE deal made today!

[domainnews]

I found i made a bad deal today which i paid 5000 USD for the domain MINE.NETWORK from registry,

and am felling high a little bit after pushed into my account,what you guys think about my deal?

 

[4pm]

do premium .network names have grace deletion period?

ask the registry, tell them that was a mistake on your side like you had misspelled the name or something...

did you pay with a credit card? contact your bank, ask them to reverse the payment if possible

...everyone makes mistakes after all

imho

 

[wizard]

very bad name you must be mad its not a .com so not worth that money

 

[WatchDogue]

Thanks for that info.

Perhaps in time an opportunity to recoup the investment will present itself.

 

[crabfoot]

I would say you would have to develop that domain to get your money back. The low risk way is to take advertising commissions from people running High Yield Investment Programs (HYIPs), which are mostly scams.
Go look at 58hyip.com as a place to start learning. There are people selling scripts for such sites - you would need to search for those - the sites are mainly automated, but hackers will try to get in and divert the commissions to themselves, so they do need frequent checks. That is why they mostly run on high security servers.

 

[domainnews]

do premium .network names have grace deletion period?

ask the registry, tell them that was a mistake on your side like you had misspelled the name or something...

did you pay with a credit card? contact your bank, ask them to reverse the payment if possible

...everyone makes mistakes after all

imho

Thanks

 

[The Durfer]

MINE.PRO last sold for $2,500
MINE.EU last sold for $10,709

35,500,000 results on bing

not that its a bad deal, its you have to wait for the sale, where as if you had bought some 4L's with it, you could be selling them already. Good Luck, nice domain.

 

[cillx]

Yes, too high in my opinion. If you are going to waste more money please let me know i have some craps with high price tags!!

 

[domainnews]

MINE.PRO last sold for $2,500
MINE.EU last sold for $10,709

35,500,000 results on bing

not that its a bad deal, its you have to wait for the sale, where as if you had bought some 4L's with it, you could be selling them already. Good Luck, nice domain.

thanks for your advice

 

[moe]

am not a fat cat but a domainer

Domainer:
Run a detailed search for the name (exact, ideas, trends, TM, brandability, context, usability)
Evaluate a potential profit and loss (sale, developing, parking, renewal, hold)
Explore a penitential end-user market.
Examine similar names (ranks, developed, undeveloped)
Analyse similar previous sales.


Domainer-like:
Hey, its a nice name
Cool
I bought it and I don't feel it
Lets post it on NP might someone else feel it

If there is any consolation: This is your worst deal so far

 

[Niraj Kumar]

Sorry for your loss. Impulse buying is bad for domain business. Exactly what were you thinking at the time of purchase?

 

[Grego85]

Just learn from this. Those sort of names can be had for less than $10. You need to put in the work and hunt down the names, and above all, be patient. Dont just take what the registry offers you.

In about an hour from now, I'm going to catch a better .network name and I'm going to pay less than $5 for it. Just hunt them down. You need to go out and MINE the diamonds yourself, not buy cubic zirconias from the over priced jewelry store.

 

[EmpireNames.com]

I would make site on it start marketing and install pixel for retargetting bring back all customers to site improve alexa ranking and try to earn from affiliates
Only way to bring back money is development find some professional to run it...also try to explore mine related sites you might find great idea to run

 

[Bob Hawkes]

While the name is elegant and has potential (either as some sort of reference site for traditional mining or cryptocurrency mining or something else), I would not have paid anywhere near that for it.

The economics of making a premium domain probabilistically are difficult. Yes, occasionally good domain names in ngTLD sell for high figures, but also significant odds it will not sell. Only 4 .network sales in that extension above $5k in NameBio, the largest $15k for word virtual.

If the renewal rate is not bad, as you say, the name could work out either for development or for resale if you aggressively seek an end user with deep pockets. But to me it looks like huge risk for only limited likely payback. As @Grego85 says the key to success in ngTLD is to find those good names the registry overlooked that have standard purchase renewal.

The very best of luck with it. BTW do the registrars offer any kind of cancellation period - like if you buy a premium and a couple days later change your mind, can you get your money back? I have no idea.

Bob

 

[Brands.International]

5k is not bad price for this name...in case you are an end user.

If you buy it for investment purposes (to resell it), this is a quality of name which should be dropcatched or traded with fellow domain investors for much much less...if you want to stay profitable with new gTLDs.

My advice would : do not pay end user prices. Open WLTB thread here at Namepros, and offer fellow domain investors 50-100 for great names. You will be surprised how many people will offer you very good names, registered early in the new gTLD game, for standard renewal fees...I built part of my portfolio this way. It is impossible to do with that 5k purchases...

And also, it is good to learn in detail how to drop-catch good names

 

[Brands.International]

do premium .network names have grace deletion period?

ask the registry, tell them that was a mistake on your side like you had misspelled the name or something...

did you pay with a credit card? contact your bank, ask them to reverse the payment if possible

...everyone makes mistakes after all

imho

It is not premium domain name...it has standard renewal of 15 USD at most registrars (you can use mrdomain.com to check renewal fees of new gTLD names, it works with approx. 95% of accuracy)

 

[wwwweb]

OK, I see premium domain from registry, yes they gave you a low renweal.

It looks like a registry sale from their reserved inventory.

Is this for a crypto related industry?

 

[domainnews]

OK, I see premium domain from registry, yes they gave you a low renweal.

It looks like a registry sale from their reserved inventory.

Is this for a crypto related industry?

yes,so sad

 

[domainnews]

5k is not bad price for this name...in case you are an end user.

If you buy it for investment purposes (to resell it), this is a quality of name which should be dropcatched or traded with fellow domain investors for much much less...if you want to stay profitable with new gTLDs.

My advice would : do not pay end user prices. Open WLTB thread here at Namepros, and offer fellow domain investors 50-100 for great names. You will be surprised how many people will offer you very good names, registered early in the new gTLD game, for standard renewal fees...I built part of my portfolio this way. It is impossible to do with that 5k purchases...

And also, it is good to learn in detail how to drop-catch good names

5k is not bad price for this name...in case you are an end user.

If you buy it for investment purposes (to resell it), this is a quality of name which should be dropcatched or traded with fellow domain investors for much much less...if you want to stay profitable with new gTLDs.

My advice would : do not pay end user prices. Open WLTB thread here at Namepros, and offer fellow domain investors 50-100 for great names. You will be surprised how many people will offer you very good names, registered early in the new gTLD game, for standard renewal fees...I built part of my portfolio this way. It is impossible to do with that 5k purchases...

And also, it is good to learn in detail how to drop-catch good names

Thanks for your advice!

 

[wwwweb]

yes,so sad

Well there is nothing sad about it, they were upfront about their price, you have a low $15 renewal, so everything was up front.

You could contact Godaddy support, and see if you can get a refund maybe if you are not happy, since you just registered it.

I know you can get better .com's for much less right now.

 

[domainnews]

Well there is nothing sad about it, they were upfront about their price, you have a low $15 renewal, so everything was up front.

You could contact Godaddy support, and see if you can get a refund maybe if you are not happy, since you just registered it.

I know you can get better .com's for much less right now.

happy to hear that!

 

[DomainRecap]

investment comes first

Then you forgot one very important piece of information:

When buying high-priced new gTLD domains straight from the registrar, then you better have a direct money-making use for it, or you're the sucker.

 

[alcy]

try to get a refund.

 

[domainnews]

Then you forgot one very important piece of information:

When buying high-priced new gTLD domains straight from the registrar, then you better have a direct money-making use for it, or you're the sucker.

am a sucker

 

[domainnews]

try to get a refund.

THANKS!

 

[wwwweb]

am a sucker

Why did you buy the name, for investment, or to actually invest more money, and start a business on it?

If it is for the second choice, then hopefully you can mine for less that energy, and hardware cost, and be profitable, or build out your network.

I would have tried to talk to the registry, if you paid the price that just popped up on the screen, you probably could have saved yourself 1/3 by negotiating.