Does it look shady

[wcpthree]

Does it look shady to register a domain then turn around the next day and try to sell it to a business, saying, " I bought but don't have the time to develop it." I bought a .net last night that expired yesterday and there is a really successful coupon site that owns the .com. And they own a bunch of domains that redirect to one site. Any advice?

 

[Theydon]

Personally I wouldn't worry. I wouldn't make up a story either, just say you own the name and you are selling it. Its unlikely they will check how long you have had it and rant, and if they do rant, hey you are creating opportunity and looking to make money for your time and expertise, its what happens millions of times a day across the world in all forms of industry.

 

[wcpthree]

Ok . thanks for your reply. I wasn't sure. I emailed them this morning. So hopefully it goes well.

 

[infosec3]

Not shady at all. If you buy anything else, a car, a business or anything else and you find a buyer the next day, no one would have an objection to that. Why should it be different with domain names?

We have sold dozens of names the same day or just a few days after registration. As Theydon says, no need to bring that up during the sale.

Only twice have end-users pointed out that the name we were selling (which they bought from us) was registered the day before. We just explain that our business consists precisely of identifying valuable names that are going to drop in order to resell them. The buyers perfectly understood and respected our explanation.

 

[wcpthree]

Thank you. Much appreciated. I have bought a dot com where the business owns a dot net. Its 5 letters and initials. I also bought a 5 letter dot com that is their exact initials. I emailed them, they are based in China and I can't get a hold of them. I don't even know how to go about it other than email. I know a dot com is better for business and I'm a closer so if I could just get in contact I would be fine..... I also bought a .net of nothing that is trademarked for an online coupon company that's based here that's like 12 yrs old and they own the same dot com and a bunch of others that redirect and I heard a response yet. If someone is familiar with getting in touch with decision makers, I'd be happy to pay a %. Meanwhile I burned my first sale on flippa because I'm greedy

 

[Theydon]

Don't underestimate how disinterested some companies can be. What you think makes perfect sense often doesn't register with them or they are quite content with their .net or .biz.

Don't be too fast to throw your % away, keep plugging away, the information is likely out there somewhere.

Good luck.

 

[NPer]

Does it look shady to register a domain then turn around the next day and try to sell it to a business, saying, " I bought but don't have the time to develop it." I bought a .net last night that expired yesterday and there is a really successful coupon site that owns the .com. And they own a bunch of domains that redirect to one site. Any advice?

You bought the .net of a developed .com.... it will come across that you are trying to "extort" money from the person , and this can lead to legal issues, depending on the name-if it's generic or not. Then saying that you wanted to develop it, etc-may hurt you as well. And when did you decide this? A few hours after reg'ing it?

But apart from your situation, it's actually not being being truthful. If you really did intend on developing, and then said that... sure. But even in such a case, I would just refrain from saying it.

The less you say, the better.

Now let's say the person approaches you, and you really do have intentions to develop it, then you can mention it. But if at that point of contact, you do not have any intentions to develop, don't say it. Because you know it's not true, and when you send that message to that person, you are also sending some "energy" with it. And that energy stems from dishonesty... and that can't be good.

Keep it truthful, short, and simple.

But in your case, I don't know if contacting the person is such a good idea... I mean you are trying to sell a .net to the .com owner. He probably will not want it.

 

[wcpthree]

Thank you all very much! @NS: I saw it recently expired on domainscope. The domain is wfxmy.com... I just wanted it because it was fairly short and I see random letters going for big bucks. I then googled and saw the business owns the .net..... My intentions weren't shady, honestly. The other one is freeoil.net.... I also saw it on domain scope, plugged it into esti then bought it.... I think my problem is, that I buy before I research. But I've tried to register domains listed on domain scope, they were available, then after 5mins of looking for a promo code that works, someone snatches them up...

 

[wcpthree]

I honestly don't know anything about developing. I wish I did. I'm trying to start a particular business and the website is gonna cost me 2-5k. I tried building it myself but only have a logo lol. But if I did I would develop All of my domains first.

 

[wcpthree]

@Theydon: duh, I'm a salesman, I should know that lol. .... Thanks I will be persistent, look under every rock!

 

[Kate]

I also bought a .net of nothing that is trademarked for an online coupon company that's based here that's like 12 yrs old and they own the same dot com and a bunch of others that redirect and I heard a response yet.

I just wanted it because it was fairly short and I see random letters going for big bucks. I then googled and saw the business owns the .net..... My intentions weren't shady, honestly.

But would you have registered the domain name if that business on the .net domain didn't exist ?
If there are trademark issues, and you contacted them to sell the domain on top of that - bad faith is established (in UDRP or legal). You lose by default, unless you can build a strong case demonstrating your 'legitimate interests' in the domain. I have the feeling you're playing with fire.

 

[wcpthree]

Yes I would have. I plugged them into estibot and they were worth way more than I paid. I didn't want the names to get snatched up so I just got the appraisal and then purchased. Is that a bad approach, just seeing the value, purchasing, then coming up with a way to make money?

 

[Kate]

Lesson #1: Automated appraisal tools are pointless. They are utterly unreliable. Any domain you punch into the 'magic bot' is going to be worth at least regfee. But actually making sales is tough.... this is the highway to making bad purchases and losing money.

 

[wcpthree]

I understand that automated appraisal services are not the market. Its just people realllllly seem to like estibot... So if I can pay $2-$3 and it appraises at $480 on estibot. Shouldn't I at least be able to make $20.... I mean I'd like to make more obviously, but I'm not looking to get rich off of a few. I'm trying to build an empire. Or is that a bad way to go about it?

 

[Nerevar]

So if I can pay $2-$3 and it appraises at $480 on estibot. Shouldn't I at least be able to make $20....

Not really.