Buyers remorse and not paying for auction wins

[domainsoup]

I feel really bad about it. I want the domain but the price I bid at auction is so high I can't go through with it.

I'm not saying I'm cheap. I'm happy to pay most times. But the odd occasion you get one guy pushing it to above enduser prices where it's no longer profitable even in 10 years.

It's frustrating. It's devastating.

Was hoping to hear from some people that have felt this way.

 

[JB Lions]

It's probably more frustrating for the person's auction you screwed up. There should be no pity for non-payers.

 

[gilescoley]

If you win an auction, you need to pay up. Pay up and then learn from your mistake. You reputation is everything in business and its not worth damaging it for a sale

Make sure you do the right thing

 

[imadoer]

i cant tell you how many mistakes ive made over this last year i bid on things by mistake ive over paid for domains ive caught domains that where spelled wrong i won a few domains i didn't want. But i paid for it all because its the right thing to do. its your responsibility to honor your actions and agreements as a domainer

 

[Ali]

but the price I bid at auction is so high I can't go through with it.

Man up.

 

[Michael]

Yes, in this case.

There's nothing saying bidder 2 won't do the same thing.

Sometimes I get the feeling that the 2nd bidder is just trolling. As other people are offering XX and he is forcing me to bid XXXX. No one else is interested in bidding more than $30 and there are a lot of other bidders.

Sorry but that is troll or shill bids.

Who the heck is forcing you to bid anything?? You should only bid up to the amount that you're willing to pay, and if you get caught up in the heat of the moment and go over your maximum, like Ali said... you man up and pay it. Period.

What's really frustrating is knowing I'm bidding in auctions against people like you who aren't serious about the bids they are placing. If I beat you in an auction you're potentially making me have to pay hundreds more when you were just playing games.

You sir are the troll.

 

[DomainVP]

I'm cheap.

 

[Ali]

It would be a lot easier to pay if there was transparency. For all I know its shill bids.

Man up.

 

[DnEbook]

I agree the OP should have paid but let's be honest there are domainers that back out of their listed auctions too, just saying.

https://www.namepros.com/threads/honor-thy-auction.901195/

I have never backed out of any of my purchases, if I make a mistake ...... I live with it because it is my reputation on the line, sorry but there are no excuses

 

[StoneRoses]

You are everything that is wrong with society, not just domaining, always someone elses fault, always an excuse,always the victim.
Nobody forced you to bid on that name, by your own admission you say you thought it was schill bidding, yet you still continued to bid.
Take responsibility for your actions, you won with a bid you placed, pay up and stop looking for sympathy as you wont find it.

 

[Perfect Pint]

I am amazed that there is even a discussion on whether someone should pay for an auction they won.

If you make a commitment regardless of whether it is an auction or to buy a name from another NP member... YOU SHOULD ALWAYS PAY!!!

End of story

 

[Kate]

Never change namepros. Keep railing on people. You did the same thing with the BrandRoot founder. Keep it up and I will replicate how he dealt with it.

What did you expect ? A pat on the back and applause for your immature behavior ?
It is people like you who are making the auctions so expensive for the legitimate users. And you have the nerve to complain. This business is not for you. Good bye, and good luck in your future endeavors.

 

[Chris Hydrick]

Good Luck bidding on future domains @domainsoup.

Don't ruin your reputation. Before you know it you'll have somebody like Kramer bidding on domains you want if your name gets flagged in marketplaces.

 

[DomainVP]

You placed the bid, you pay for it.

A bid is the amount that you are willing to pay. If you aren't willing to pay that amount, them my friend... you are a liar.

 

[Dominic Belley]

You bid, you pay.
It reaches an amount you're not confortable with? Don't bid .. if you do, then pay !

 

[AndyM]

One thing I hate in this business is people who bid and don't pay up! If you ain't payin then you shouldn't be playin!

 

[promo]

I'm not saying everyone is bad. I'm saying almost everyone here has a domaining mistake that would be considered bad if they publicly admitted it.

As for others...if you really want me to post a list of all the domainers publicly accused of wrongdoings....The list is so long I can't post it all. But search your favorite domainer/domain company and they usually come up.

In my country we have a saying. It equates to roughly "the thief thinks every man steals". Everybody makes mistakes, its how you react to them that define you.

My first year of domaining I bid more than I was able to pay. In my case it was more multiple auctions ending at the same time all with me as a winner, resulting in liquidity problems. I did everything I could to come up with that money and succeeded by using some unconventional methods to say the least. But all above the board.

I know a great number of other domainers that value their integrity and business reputation to a large degree. So I dont think that there are that many that behave such as yourself. As you can see you have created quite the stir.

 

[eurorealtor]

In the beginning of my domain career I brought a lot of garbage and it ended up in the dumpster, but my ratings around are @ 100% and I feel good about it.

 

[Joe Styler]

I spoke to them. They said they may suspend accounts until an arbitrary fee is paid, but they don't ever ban people. The fee goes up for each non-payment.

They might have something in the contract saying they can. But I don't think they ever have. If someone on here has been banned at GD please let us know.

I am not sure who you spoke with but it doesn't sound like you spoke with anyone who works in the auctions department. If someone does something on the auctions that should not be done such as selling a name they don't own or won't move, or bidding on a name and not paying, we take it on a case by case basis, likely fining in a mistaken situation or first offense, but not always. If there are "mistakes" we still only allow two in most cases, total and if you make more "mistakes" you are banned for life. If there is any reasonable conclusion of malicious intent, say shill bidding or something similar we ban for life on the first offense. We have a team that looks over the auctions all the time with automated tools as well as manual intervention to make sure that the auctions are fair for everyone and that when you bid you can expect to get the domain or you can expect to be paid when selling a name. There are very, very few errors on the auctions, less than 1%. If you ask about an auction we will not tell you what we did to the offending party but some action is always taken up to and including a lifetime ban.

 

[johname]

Was it MsDomainer's name you bid on? (sorry I had too)


Never bid more than you will actually pay for a domain

 

[alcy]

I feel really bad about it. I want the domain but the price I bid at auction is so high I can't go through with it.

I'm not saying I'm cheap. I'm happy to pay most times. But the odd occasion you get one guy pushing it to above enduser prices where it's no longer profitable even in 10 years.

It's frustrating. It's devastating.

Was hoping to hear from some people that have felt this way.

lol.. plz tell me u do understand that guy bidding and pushing it to wherever high or low u feel it went, was you..

 

[Rick Ace]

I'm just thinking... Why did OP create this thread? He's going to get slaughtered. :P

 

[wwwweb]

Yeah, because the ethical standards in domaining are so high.

The majority of people I have dealt with have been honest, and straight up. More so than any other industry I have dealt with. I can't speak for your experiences.

 

[DomainPluto]

LOL

 

[Ms Domainer]

I'd be quite worried about any poster who acts like domaining is a noble cause free from any corruption, or wrong doings. News flash: All the big players in the industry do it. Says a lot about the industry. Cheat, lie, scam, squander, shill bid. It's all fair game. But admitting a slight miscalculation is not. I'd be more worried about the posters who are quick to attack others when they have likely done things much much worse that they are scared to talk about. For that poster saying "be a man" at least I had the balls to talk about my mistake. I'm sure you have made far worse ones that you are too scared to talk about.

You have no idea how others conduct business, so don't even go there.

You are just rationalizing for your own bad behavior.

So get off your high horse and quit before you get even more way behind.

 

[johname]

I read this thread 50 times and still don't understand the reason for this thread?

I'll try to explain:

First the set up.

The OP is trying to buy domains at what he feels is reasonable reseller value.

Yet when he bids on domains at auction, the final hammer price ends above that range he considers domainer profitable. So 'crazy' are these prices, even if one held the domain for a decade waiting for prices to go up, they will not be able to recover their money selling them.

He has this problem because of us, his competition.

If only 'we' would be as good at evaluating domain value and using restrain, we would not push auction prices so high, and he could win domains at reseller

Now the reason for the thread:

Sorry I can't pay for your auction, but it wasn't my fault. Don't you feel like I do? Do you feel auctions bid up too high? Lets not bid auctions up so high folks. Let's discuss this more.