Do NOT do business with James Kim - [email protected]

Discussion in 'Warnings and Alerts' started by domainer67, Feb 14, 2017.

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  1. domainer67

    domainer67 Established Member ★★★★★★★★★★

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    Hey guys,

    People with no morals should be called out and be made aware of in the industry.

    Just a friendly warning never to do business with James Kim ([email protected]). After a long time negotiating for a domain sale, he agreed on a sale price and requested the offer be made via Sedo for him to accept and conclude the deal.

    This low-life then sends it to auction and sends an email that reads: "Good luck!"

    Avoid doing business with him and people like him.
     
    Last edited: Feb 14, 2017
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  2. KingslayerVR

    KingslayerVR Active Member VIP

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    Had this discussion in the VR thread last week. Hate the whole ‘send to auction’ concept after negotiating with a potential buyer, obviously your case is different (you got a double kick in the balls) but not a fan of the system as a whole.

    Buyer doesn’t know what’s going to happen, they are negotiating to buy a domain outright and when a seller sends to auction, a potential buyer is forced into a (7-30 day) auction without choice or warning and are automatically the highest bidder, unable to move onto another option until they are at least outbid.

    For me it’s a flawed system and not the correct way to do business.
     
    Last edited: Feb 14, 2017
  3. Bannen

    Bannen Top Member VIP ★★★★★★★★★★

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    If you've already reached an agreement with the owner privately before going to Sedo, then ask them to take off the 'make offer' at Sedo and put in the agreed upon price as a 'buy now', to ensure they can't send it to auction. An 'offer' they can send to auction, but a 'buy now' they can't.

    When I sell a domain and the buyer wishes to use an escrow, I send them to my domain's link at Sedo. And I change the domain to 'buy now', with our agreed upon price, rather than keeping it at 'make offer'. Keeps it clean and lets them know I'm not going to stiff them by sending it to auction.

    All this, of course, hinges upon knowing the buyer beforehand. If it's a blind offer on Sedo and you don't know the buyer and haven't previously agreed upon a price, sending to auction is just fine.
     
  4. domainer67

    domainer67 Established Member ★★★★★★★★★★

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    You live, you learn.

    I learned never to trust or do business with James Kim and I learned that if I reach a deal with a seller, it is to be done via BIN or Escrow, never make offer on Sedo.
     
  5. TheDot.shop

    TheDot.shop eCommerce Branding Specialist Business Account

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    You should contact SEDO and ask them to rescind your offer as you were under the impression that you were negotiating a BUY NOW. Then if SEDO acquiesces, you can go back to Mr. Kim and ask him to reconsider, if in fact, you still have interest in the name and in doing business with Mr. Kim. Good Luck!
     
  6. deez007

    deez007 The More I Learn The Less I "Know" VIP

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    That's really pathetic for him to do that.........is this James Kim person a member here on NP?
     
  7. frank-germany

    frank-germany Business Member Business Account VIP

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    let him send it to auction

    most likely it will not sell higher anyway

    and he has to pay sedo 20% or so

    now tell me who is laughing in the end?
     
  8. Kate

    Kate Thinking inside the Box™ VIP ★★★★★★★★★★

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    In a situation like this - request that the seller updates the listing to BIN.
    Then the price is frozen and he has a commitment to sell at the BIN price.

    Is he a member here ?
     
  9. TheDot.shop

    TheDot.shop eCommerce Branding Specialist Business Account

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    And please let us know how this turns out!
     
  10. JoeE

    JoeE Active Member VIP

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    He sneakily gets your top offer and then looks for other fish in the (auction) sea.
    That sucks! I hope you sort it out. Keep us updated!
     
  11. Haris

    Haris Best Domainer Of The End-Times Business Account VIP

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    Keep us updated.

    And

    Good luck!
     
  12. domainer67

    domainer67 Established Member ★★★★★★★★★★

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  13. disaac81

    disaac81 Active Member VIP

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    The world is full of shady people. Thanks for letting us know.
     
  14. Shackleton

    Shackleton Established Member

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    What name were you bidding on? He has got some doozies.
     
  15. Soofi

    Soofi DomainX™ 2017, Delhi PRO Business Account VIP

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    That's quite unethical tbh
     
  16. frank-germany

    frank-germany Business Member Business Account VIP

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  17. Soofi

    Soofi DomainX™ 2017, Delhi PRO Business Account VIP

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    did price increase?
     
  18. ChelseaDott

    ChelseaDott Account Auto-Closed

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