debate Domainers Stealing Domains from Domainers

[Dandelion]

Hey Folks,

This issue has been bothering me for a while now and I just needed to get it out for us to have a debate on it.

Why are Domainers so willing to steal domains from other Domainers?

I don't mean outright conventional stealing, I mean stealing through the auctions. We all have lost good domains to this scenario, and it keeps happening every day at Sedo, Namejet, and here at Namepros.

When someone set their auctions at $1 starting bid, they so to encourage bids, not to sell at $1. If we placed a $1 bid and the auction ended with no further bids, I think we are under moral obligation to confirm with the seller whether they are truly willing to sell at that price.

I mean, why would someone pay €59 to auction a name at Sedo and another Domainers takes the domain at $20 because the auction was set at a $20 starting bid? To me, it is morally unacceptable and should be discouraged. And I see this happening every day.

While we do not have control nor a say about what happens at Sedo and other private platforms, I think we should do something about Namepros. Won't it be nice if we confirm from a seller whether they are willing to sell at bottom price. Isn't it wicked and inconsiderate to aggressively enforce what seems to be your right in this case?

Anytime you sneak a domain at a low starting bid, lower below capital, you help push another Domainers out of business.

Note: I am not judging anyone nor accusing anyone of anything wrong. Just stating what I assume should be a standard in this industry.

So, let's have your own line of debate about what you believe and why. I also added a poll to help better understand what's the majority believes should be the case.

Happy Weekend!

 

[Dandelion]

This thread is really, I want a free shot to auction names and if the closing price satisfies me I will take it, if not I don't want to sell the name, and I also want to say the winning bidder is stealing, morally wrong and a vulture.

A vulture is such a beautiful bird. You need to see it up close to admire it, especially the long neck.

 

[equity78]

You graciously let the seller keep their domain. Do you think that too much to ask for?

Yes you don't get a free shot, don't like that then spend $4.99 at GoDaddy a lot bigger place than Namepros and auction your names.

But really everyone's opinion is just that, just an opinion. If you auction a name at Namepros you have to pay for it if your bid is the high bid and you need to honor the sale if you are the seller. Failure to do so will be getting banned from the marketplace.

Either you have honor or you don't. No amount of but,if,well you don't understand will ever change that.

 

[trap3]

Is this really a discussion ?

 

[equity78]

Is this really a discussion ?

Oh it's real. I like arcader cool name.

 

[trap3]

Oh it's real.

Haha. Maybe there's being something lost in translation.
I'd like to give the benefit of the doubt. But, I think thats being generous.

I like arcader cool name.

Thanks man!

 

[Mister Funsky]

The truth is that most auction will not get a bid if the starting bid is above $1

That means the domain is worth, in the wholesale world, a $1 or less. In that case, the owner/seller should be thankful he/she was able to recoup some of their funds (assuming someone bids $1 or higher).

 

[cabotower]

np's auctions are an adventure.adventure #1 last week i put up ii.fyi, got my $1 opening bid and a dm from the bidder asking about a bin and would i consider $150,i said yes. the next day he changes his mind and wants to let the auction play out. later that same day i get another dm letting me know he felt bad about backing out of the bin and he was upping his bid to $15. he said that when the auction was over i could just walk away from the transaction and he would keep it quiet. i said no if $15 is the highest offer then that is it.and it was,payment was made....adventure #2 i listed 2 4L .cos,bibb and bibs. 2 domains for 1 price (just like pizza). $20 min with $2 increments,no bids.i did get a dm offering $200 for the pair.considering the lack of action i said sure. no paypal in his country so he wanted to buy through dan. i said ok plus 10 % for commission. he wanted to save a few bucks so he said list 1 for $210 and just push the other into his acct. i said i will list each of them for $105. he replied 'ok list now'. i did. he sent another message stating that it's late now so he's going to bed ! and i should now change my dan listing to make offer and he will offer $105 each.next day i get a message that he made another buy at np so he was backing out of this one.then he says the reason he didn't buy was because when he searched the names it took him to the namesilo lander.i told him all he had to do was go to dan and type in the names and make the offer. he also said his card was maxxed out and i should contact him when he's able to use his card again. and so ends the story of my only two ns's auctions.

 

[Domain_savvy]

This thread is misleading and totally 'if & but' discussion.
No one compelled you to start your auction for $1 and if you have a certain min price for the name then set it as starting bid. I have seen many auctions starting at $10, $15 etc and got good bids. Your auctions getting bids or not is completely different story and conditional.

And about the reserve price, IMO if reserve prices are mentioned vs starting bids, there won't be much difference in the bidding action. As i said auction biddings are based on many factors.

It is often said that NP is a platform where a domainer should sell his domain if he cannot sell it elsewhere and want to get his registration cost back.

 

[strugar]

You're not getting the point. If it's not get any bids or just a $1 bid, then obviously domainers don't think much of the domain. It's not like domainers are picking up good domains for $1 here.

You're the one who is not getting the point. If you are not comfortable with selling the domain at auction starting price (which is, btw, set BY YOU, not by someone else), domaining, or any other buy/sell activity, is not for you. You'd better make carreer as tarot card reader: "What this guy actually had in mind when he set starting price at 1$..."

Thread title is at least missleading; it would be offensive if it was not ridiculous.

 

[VaibhavA]

That's why I said it would be nice to inquire from the seller if he's willing to let go at $1.

Simply put, it would be against namepros rules.

The highest bidder has to pay and the seller has to give the domain.

No marketplace can run without these rules.

 

[Peak.Domains]

*domainers getting names for $1 that nobody else wants because the seller didn't want to set a higher starting price because nobody would pay it

fixed that for you

 

[Dandelion]

The poll asks: "Is it okay to legally steal domains through auction?"

How does one legally steal something?

Carbon emissions taxes.

 

[Larion]

As most other things in life, also Domaining is about TIMING.
Be at the right place at the right time.

Domainers are not stealing anything. They are buying and selling.
And it is all about TIMING.

 

[trap3]

Thank you for this point. Everyone is saying "set your starting bid at the price you want to sell" as if we don't know that already. The truth is that most auction will not get a bid if the starting bid is above $1. It's so suprising how many people here who can't reason beyond the obvious rules.

 

[Ostrados]

It may not be ethically right but it is perfectly legal.

if you buy a domain at a price much lower than the fair wholesale price, by exploiting the seller ignorance about the domain value, then I consider this 100% unethical thing to do. But if you buy the domain super cheap through auctions, then the domain owner takes the full responsibility of what happened because he pre-agreed on starting bid and reserve price before starting the auction.

It happened with me once at a Namepros auction where I won an auction at low price ($10), I felt the domain worths much more than that, so I contacted the seller and told him that if he is unhappy with the final price then we can cancel the deal, and that I will not report him for that. But he strictly replied that he wants to respect the deal and go on with it.

 

[dhyinc]

I strongly think we must have a reserve included into auctions...every marketplace has reserve auctions.

 

[BrandEntrance.com]

Is it auctioning if I steal it and pay the agreed price???!!!

You lost me at "I don't mean outright conventional stealing"... and I am annoyed that I said NO on the poll without realising that you are ... overworking your brain.

 

[Wesley S]

you could add a reserve price on your auction:

starting bid: $xx
increments: $x
reserve price: $xxx

that way if it doesn't sell for your reserve price you can choose as the seller to not release the domain to the last bidder or sell from last bid also. Just something to think about. It would still be up to Namepros rules of auction to do this though

 

[Bertrell]

Carbon emissions taxes.

If that's the case, then the seller should factor that cost into the auction at the start.

¯\_(ツ)_/¯

 

[Ostrados]

you could add a reserve price on your auction:

starting bid: $xx
increments: $x
reserve price: $xxx

that way if it doesn't sell for your reserve price you can choose as the seller to not release the domain to the last bidder or sell from last bid also. Just something to think about. It would still be up to Namepros rules of auction to do this though

Reserve is not allowed in Namepros auctions.