Not cool.

So typical of the domain junkie attitude.

They bitch and moan that nobody buys their garbage names.

But as soon as they actually get a reasonable offer, or someone shows interest, the name is gold and worth $1,000,000 now.

I had this happen so many times.

Just tell him to go F off. He will never get another $1000 offer again.

Sasan said:

UPDATE:

I genuinely thought the seller would come through but I was wrong. I said I'd provide his name in this thread at 12 PM (PST) and here we are.

The seller who reneged on the BIN is:

Mark Kymcha of DNPric.es

• Link to his NamesCon profile where he spoke on "domain name valuation" (of all things!): https://namescon.com/news/featured-speaker-mark-kychma/
• Link to his Flippa profile: https://flippa.com/users/402592

Not cool, Mark Kymcha.

Click to expand...

To quote you...."not cool"

Naming and shaming - no business logic behind this, just a personal reaction.......you can wrap it up how you like to make yourself feel good......but it just seems vindictive to me

So everyone that has agreed with you or called for him to named & shamed will no longer deal with this person again? Are they going to boycott his business? Give me a break! If they see he is offering a domain at a decent price they will be on it straight away, the double standards that some people apply is a joke ........this has achieved nothing in reality except give you an ego boost

There was a thread a while ago about naming and shaming non payers and the overriding consensus was that is was wrong - must be a different set of rules for non sellers......with a dose of hypocrisy thrown in for good measure......

My estimation of a few people on here has gone down quite a bit based on this thread

Just to clear he was in the wrong for not honouring the agreement (we can agree on that at least) I just disagree with how you have dealt with it.......

Anyway I am going to get of my moral high horse now and go and have a couple of beers......

All the best going forwards......

NickB said:

To quote you...."not cool"

Naming and shaming - no business logic behind this, just a personal reaction.......you can wrap it up how you like to make yourself feel good......but it just seems vindictive to me

So everyone that has agreed with you or called for him to named & shamed will no longer deal with this person again? Are they going to boycott his business? Give me a break! If they see he is offering a domain at a decent price they will be on it straight away, the double standards that some people apply is a joke ........this has achieved nothing in reality except give you an ego boost

There was a thread a while ago about naming and shaming non payers and the overriding consensus was that is was wrong - must be a different set of rules for non sellers......with a dose of hypocrisy thrown in for good measure......

My estimation of a few people on here has gone down quite a bit based on this thread

Just to clear he was in the wrong for not honouring the agreement (we can agree on that at least) I just disagree with how you have dealt with it.......

Anyway I am going to get of my moral high horse now and go and have a couple of beers......

All the best going forwards......

Click to expand...

I sure as hell wouldn't do business with this guy again. No matter how good the deal is. Because at the end of it, can you really trust that he will follow through? Just a complete waste of time.

.NJ said:

He will never get another $1000 offer again.

Click to expand...

It wasn't even an offer.. it was a (supposedly) binding contract.. the guy listed it at BIN.. and, assuming its a good name like COOL.co or something.. it probably will appreciate to that price in a couple of years, but, bottom line, he set the BIN.. he should be held to that.. I hesitate to mention a possible scam going on these sites where people intentionally list only on these sites (at first) with no intention to honor deals.. why wouldn't they do that.. there are no consequences

This doesn't strike me as the Art of War. Is this really the best way to deal with a stalled sale? If so, more business leadership guidance and mentoring is called for.

Way3 said:

This doesn't strike me as the Art of War. Is this really the best way to deal with a stalled sale? If so, more business leadership guidance and mentoring is called for.

Click to expand...

Yes, I would agree. For the seller. Get off your high horse. This is on the seller.

Sasan said:

Yes, I would agree. For the seller. Get off your high horse. This is on the seller.

Click to expand...

Just to add, this isn't a stalled sale. This is a domainer not honouring a transaction. Relate to it much?

NickB said:

To quote you...."not cool"

Naming and shaming - no business logic behind this, just a personal reaction.......you can wrap it up how you like to make yourself feel good......but it just seems vindictive to me

So everyone that has agreed with you or called for him to named & shamed will no longer deal with this person again? Are they going to boycott his business? Give me a break! If they see he is offering a domain at a decent price they will be on it straight away, the double standards that some people apply is a joke ........this has achieved nothing in reality except give you an ego boost

There was a thread a while ago about naming and shaming non payers and the overriding consensus was that is was wrong - must be a different set of rules for non sellers......with a dose of hypocrisy thrown in for good measure......

My estimation of a few people on here has gone down quite a bit based on this thread

Just to clear he was in the wrong for not honouring the agreement (we can agree on that at least) I just disagree with how you have dealt with it.......

Anyway I am going to get of my moral high horse now and go and have a couple of beers......

All the best going forwards......

Click to expand...

So if the domainer renegged and the buyer was an end user that would also be ok not to honor the deal or less upsetting to you to name him? He should think of his name when deciding not to honor a bin price.

The guy being a domainer not honoring a deal is ten times worse and makes it helpful to us to know who not to deal with. Its moves like this that give us all a bad name. He knows better.

The idiot who makes an offer on your domain and scuttles off not paying is not the same. This guy had a bin he chose not to honor. Don’t do things like this and expect it to be kept under wraps.

D Haynes said:

I agree with the general sentiment in the thread that your reputation is everything and the price should be honoured.

I do wonder though, at what point would you not honour the price? I mean if somehow you accidentally listed a clearly high 6 to low 7 figure name for $995 (maybe you had a few too many eggnogs and the kids were acting up and the dog was try to impregnate your leg so you hit the wrong keys) would you STILL honour the price? There has to be a limit doesn't there or should the same principle apply whatever the cost?

Click to expand...

You make a good point D, and I think for many that's what it comes down to. People virtual signal others believe in protecting the person with no honor. Until the person with no honor screws them and then it's on.

On the other front, honor every sale, but you can bet someone who left off two 0's on a 3L.com at sedo and listed it at $2,000 instead of $200,000 is not honoring that.

This industry really doesn't run like a lot of other industries, plenty of businesses take into consideration pricing inaccuracies. In this industry it's always viewed as pulling a fast one.

I think for most, Namepros members thinking less of them to keep their $200,000 LLL.com is a trade off most would make and not lose any sleep.

FolioTeam said:

This is why I routinely check my BINS at Afternic. No one is above making a mistake.

Can't also rule out a hack into my Afternic account. Don't know why they still won't provide 2FA or at least an instant notification when there's a login there

Click to expand...

Excellent point about 2FA.

karmaco said:

So if the domainer renegged and the buyer was an end user that would also be ok not to honor the deal or less upsetting to you to name him? He should think of his name when deciding not to honor a bin price.

The guy being a domainer not honoring a deal is ten times worse and makes it helpful to us to know who not to deal with. Its moves like this that give us all a bad name. He knows better.

The idiot who makes an offer on your domain and scuttles off not paying is not the same. This guy had a bin he chose not to honor. Don’t do things like this and expect it to be kept under wraps.

Click to expand...

Couldn't have said it better myself.

Dnpric.es is a good site only competitor to Michael’s Namebio.com
My only problem, was lame ”es” ext

They work to bring Transparency to industry and hopefully take (reduce) the NDA addicts..

That said, I will remember this.
You can still use website, DNPric.es folks,
dont do business wit Mark (seems no NP) if values such “honoring a deal” matter..
“Forgot to remove it” and blatantly ignore BIN is
not OK; I suspect this will hurt business.

i knew Dnpric.es just didnt know who behind it;
looks terrible way find out dnpric.es owner lol
and looks worse if he doesnt come own to it.

It’s still not too late.
“Reputation matters above all this in industry.”

@NickB ... It seems you are making exceptions for Mark since you probably enjoy his service.
It’s possible to have a good product and be ***

More reasons to use @Michael NameBio.com!
Never heard anything bad once on This guy;
reply; & even has NP! (easy on NB ads Mike..)

Samer said:

Dnpric.es is a good site only competitor to Michael’s Namebio.com
My only problem, was lame ”es” ext

They work to bring Transparency to industry and hopefully take (reduce) the NDA addicts..

That said, I will remember this.
You can still use website, DNPric.folks,
just dont do business with Mark Kymcha, (Doesnt seem to have a Namepros...) if values such as “honoring a deal” matters.
“Forgot to remove it” and blatantly ignore BIN
not OK; I suspect this will hurt business.

i knew Dnpric.es just didnt know who behind it;
looks terrible way find out dnpric.es owner lol
and looks worse if he doesnt come own to it.

It’s still not too late.
“Reputation matters above all this in industry.”

@NickB ... It seems you are making exceptions for Mark since you probably enjoy his service.
It’s possible to have a good product and be ***

More reasons to use @Michael NameBio.com!
Never heard anything bad once on This guy;
always replies; even has NP! (ease ads mike..)

Click to expand...

Love NameBio.com.

Sasan said:

Love NameBio.com.

Click to expand...

and here to STAY!!

NB just added a way to submit sales

they are still growing best to come.

Thanks for your hard work, Michael!
You’d be the first reply if such thread made u;
I trust Michael; keep innovating NB; great work

True or false: Flippa deserves 0% of the blame for not banning people like this and allowing them to go on to keep doing this again and again indefinitely.

Pairadice said:

True or false: Flippa deserves 0% of the blame for not banning people like this and allowing them to go on to keep doing this again and again indefinitely.

Click to expand...

This is the case of the same owner set his bin
wasnt even a diff prev owner(another problem) (“Forgot to change price” Commend shared —
“virtue signaling” & “grandstanding” does not apply; critique guy admit crime, w/ no excuses
it doesnt just hurt him Dnpric.es or Flippa
It hurts industry if happen back your mind..

“Not honoring a sale” still falls on Flippa.
Always a problem (and excuse) with them.
Still have hope they clean up.
Thanks for sharing... Pl update us if resolved.
i suspect years down the line does not sell
come back work same for reputations sake
Hope it doesnt sell for him backlish not worth it

Dispute lodged with @FlippaDomains - let's see what comes of it.

Click to expand...

Mark was quick to respond to tell me he wouldn't honour his BIN. Has been completely silent since. Let's see if he replies to Flippa.

P.S. Here before we hear that he's been on a silent Vipassana retreat in the woods for the past couple days

Sasan said:

UPDATE:

I genuinely thought the seller would come through but I was wrong. I said I'd provide his name in this thread at 12 PM (PST) and here we are.

The seller who reneged on the BIN is:

Mark Kymcha of DNPric.es

• Link to his NamesCon profile where he spoke on "domain name valuation" (of all things!): https://namescon.com/news/featured-speaker-mark-kychma/
• Link to his Flippa profile: https://flippa.com/users/402592

Not cool, Mark Kymcha.

Click to expand...

what is the domain name?

LUP said:

what is the domain name?

Click to expand...

i would DM

because then if it doesnt sell

“it’s your fault”

Lol

This reminds me of the case when someone purchased domainnames.com but didn’t get the name in the end
https://www.thedomains.com/2018/02/16/domainnames-com-purchased-2577-now-taken-back/

Pairadice said:

Not only is the seller dishonest, he's an idiot.. what 4-letter .co name is too good to sell for $1k? I bought one here for $99 and it's a damn good one

Click to expand...

If it is cash.co, then that price won't suffice

It is normal for deals to not go through in this game if one side is unwilling.

There is no need to expect honor in domaining as that is a social construct and it is rife with leeches (like lawyers), hypsters and all sorts.

That said, I understand and know it sucks.

It shouldn't be about "honor".. the sites need enough functionality to make sure the domain is transferred/cash is paid when there's an agreement..

So far godaddy's the only one who's figured out how to take the domain out of the registrar's account upon sale, only if it's signed up for fast transfer... even then there's a 5-minute lag.. but probably the registrar would take control of the domain at that point if the seller tried to pull a fast one. Either that or now we are forced to buy only from a registrar auction site so it can be pushed in order to be guaranteed to get the domain..

The marketplaces need to ban these people and keep their identity linked to their domains so that they can't just open another account and list the same domains without a lot of effort.. another thing GoDaddy does right.. if you fail to honor a sale on GD auctions you will get sanctioned...

I agree buyers can back out too and that's a separate issue.

Pairadice said:

or now we are forced to buy only from a registrar auction site so it can be pushed in order to be guaranteed to get the domain..

Click to expand...

I hope marketplaces like afternic sedo etc post what domains have fast transfer on. There is no other way to deal with the sell remorse problem that happens a lot when people buy something at someones asking price.

It happens in every industry. Call three random guys that have a car for sale for 40k. Make sure to get their voicemail, tell them "I saw your listing, consider your car sold, call me back so I get the payment details". One of the three will not call you back, either on their own they will feel you would've paid more and you are robbing them OR after they tell their wife, husband or friend the good news they will be convinced he undersold by thousands of dollars.

If you ever dealt as a middleman between buyers and sellers you will know what I mean. Fast transfer wasn't invented because there were issues with 2 domains.

Sellers remorse even happens in places you would think its not possible. There are people that if they sell stocks and instantly the stock goes up by a lot (say 5% or more) they might really tell people that they never hit the sell button, the trading platform is a fraud, they were just checking to see how much they will net etc.

It gets a lot worse when the seller is a partnership, say a husband and wife. Never offer an asking price when you are dealing with two people. You will almost always lose the deal. You must always low ball first and really beg your way to the asking price even though its an act. Its the only way for them not to change their asking price higher. It happens in real estate thanks to unexperienced brokers with no contract writing skills.

LUP said:

what is the domain name?

Click to expand...

The domain name is Peek.co If I’m not wrong.