discuss Domaining might be banned because IT is not FAIR.

[Abdullah Abdullah]

Just logged into my FaceBook and someone posted the following in a domain selling and buying group.

"Let's talk. I think it's really a form of extortion to buy a domain just so you can resell it for lots of money. A new domain registration costs $15 on GoDaddy (or $1 with promo code) so why should I or any other startup business have to come up with hundreds or even thousands of dollars to buy a decent domain off some scalper? I sold a domain once for $6,500 because I was actively using it for my own website but the guy just made me an offer I couldn't refuse. But I can't see how it's right to buy and hold domains you have no intention of using and demand gargantuan sums for them. This way all the good domains are taken up by resellers and only wealthy companies can get them. There's something disturbingly undemocratic about this. I wouldn't be surprised if this practice is eventually banned. Your thoughts?"

What are your thoughts on this ? I am not sure if he posted this here too but lets see everyone's comments.

 

[Ram G.]

You can suggest him to try these points with real estate people.

 

[JB Lions]

Just another whiner.

 

[Abdullah Abdullah]

It is so interesting how he mentions that He once sold domain for $6500 when he tries to justify that by saying he was using it.

 

[dordomai]

I did some research on bad brandables recently, the ones that are so bad that no reseller would register them. Many were actually registered by non-domainers that would NOT use them.

Domains that you want are usually owned by someone else. Even when there would be no domainers that would happen. Good domains are almost always owned by someone.

He does not understand domains and looking for a scapegoat out of anger because he can't find a good domain for $10. You can still find them BTW. It just takes some time and creativity.

Also how do you ban domain trading? How do you enforce it? Remember it's a global market.

Seems impossible. Also pretty weird. As far as I know most commodities in our society are being traded, why should this be an exception?

 

[Kate]

Life should be banned too, because it is very unfair.
Actually domaining is rather fair because the barrier to entry is low, pretty much anybody could do it, provided that you have the right mindset. But the truth is that you can't just buy a domain for $15 and resell it for $6500. It seldom happens and few domainers are making money.

 

[Abdullah Abdullah]

Life should be banned too, because it is very unfair.
Actually domaining is rather fair because the barrier to entry is low, pretty much anybody could do it, provided that you have the right mindset. But the truth is that you can't just buy a domain for $15 and reesll it for $6500. It seldom happens and few domainers are making money.

Epic ..Life should be banned.

It is simple. If you want great things you have to pay top dollar for them, if you cant afford ,then you can settle for 10th choice.

 

[inforg]

I won't be surprised at some point when they make domaining a lot tougher and require development to hold a domain. I think every domainer should at least dabble in developing to be prepared.

It is really just sour grapes by the people that don't want to pay for a decent domain. Someone pointed out on an earlier thread on this topic that domainers really do the Internet a service by establishing the market and making sure the best names go to people that are the most serious and likely to build something great. I agree.

I just tell people that there are an almost infinite number of possible domain names and extensions they can get for registration fee - if what you build is awesome, people will find you. I made money online back when I used an AOL free web space account.

 

[nomen]

These morans don't seem to understand that if domains could only be reg'd for verified projects or something that wouldn't change the situation for them that much. Their desired domain would most probably be already used by some entity. And they would have very low change of getting it for any money.

 

[Abdullah Abdullah]

I won't be surprised at some point when they make domaining a lot tougher and require development to hold a domain. I think every domainer should at least dabble in developing to be prepared.

It is really just sour grapes by the people that don't want to pay for a decent domain. Someone pointed out on an earlier thread on this topic that domainers really do the Internet a service by establishing the market and making sure the best names go to people that are the most serious and likely to build something great. I agree.

I just tell people that there are an almost infinite number of possible domain names and extensions they can get for registration fee - if what you build is awesome, people will find you. I made money online back when I used an AOL free web space account.

It is true. You can make money with ,provided what you make is good and you have good marketing budget.

If such rule comes, having to develop a domain in order to hold it then I think it might not work that well. I can renew a domain for ten years and put mini site on it and call it developed lol

 

[inforg]

If such rule comes, having to develop a domain in order to hole it then I think it might not work that well. I can renew a domain for ten years and put mini site on it and call it developed lol

It would hurt people like the whiner more. I have had lots of these people who even after they get a great deal on the name after arguing for months, the site is gone in months or never built to begin with.

I have one name I have sold 3 times, these people end up dropping it because they thought the domain name would just instantly make a popular site. I always check up on names I sell.

If they get it too cheap, they just don't have enough skin in the game to make the effort. I should tell the next one like this that I'd be doing them a terrible disservice by selling them the name at a discount - you are paying $10 for the name, the other XXX is for the motivation I am providing you

 

[Abdullah Abdullah]

It would hurt people like the whiner more. I have had lots of these people who even after they get a great deal on the name after arguing for months, the site is gone in months or never built to begin with.

I have one name I have sold 3 times, these people end up dropping it because they thought the domain name would just instantly make a popular site. I always check up on names I sell.

If they get it too cheap, they just don't have enough skin in the game to make the effort. I should tell the next one like this that I'd be doing them a terrible disservice by selling them the name at a discount - you are paying $10 for the name, the other XXX is for the motivation I am providing you

It does happen...the dropping. I did get two domains back and at this time see one I last sold 8 years ago for good money available.

 

[HuWeishing]

I think every business is unfair. We don't always win sometimes we lose too. There is nothing bad about domaining.

 

[deez007]

First class whiner!

According to him Domaining = unfair/undemocratic - As opposed to the fair and democratic banking systems? Pharmaceutical companies? Medical Insurance companies?.....hahahaha what planet does he live on.

 

[Abdullah Abdullah]

First class whiner!

According to him Domaining = unfair/undemocratic - As opposed to the fair and democratic banking systems? Pharmaceutical companies? Medical Insurance companies?.....hahahaha what planet does he live on.

Agreed.
His mentality is quite this : I want the domain for $15 because you are not using it lol

 

[iowadawg]

Love how domainers attack this guy!
Geesh....
Learn business and learn how to deal with negativity.
So much easier to ignore and more on.

 

[sbweb]

1. Lots of things in life are not fair, including business. We would not be living in a democratic society if everything was evenly distributed to each individual. Sounds like he wants extreme socialism.

2. This guy tries to justifies his own profitable domain sale of $6,500 by saying he had intent to use it. So, now, we all have to prove somehow that we had intent to use a domain before we can make a healthy profit on it?? This is nothing more than his double-standard perspective.

3. Isn't a majority of our economy run based on a for-profit model? How is domaining any different? Does Walmart hold a bunch of products in inventory with the intent to use it themselves, or do they hold inventory to sell it for profits??

This guy sounds like someone who works at the circus.

 

[DOMAIN ILLUMINATI]

Haha, it seems like 'domaining is fair for those who understand it'.

 

[BrandChimp]

Just logged into my FaceBook and someone with the name "Josh Weide"

posted the following in a domain selling and buying group.

"
Let's talk. I think it's really a form of extortion to buy a domain just so you can resell it for lots of money. A new domain registration costs $15 on GoDaddy (or $1 with promo code) so why should I or any other startup business have to come up with hundreds or even thousands of dollars to buy a decent domain off some scalper? I sold a domain once for $6,500 because I was actively using it for my own website but the guy just made me an offer I couldn't refuse. But I can't see how it's right to buy and hold domains you have no intention of using and demand gargantuan sums for them. This way all the good domains are taken up by resellers and only wealthy companies can get them. There's something disturbingly undemocratic about this. I wouldn't be surprised if this practice is eventually banned. Your thoughts?"

What are your thoughts on this ? I am not sure if he posted this here too but lets see everyone's comments.

All the good Lands are taken, it's not fair! I want to build my House in Vegas for $10...

 

[SBS66]

I guess ownership of undeveloped land should also be banned if it's not being used, lol.

 

[SpareDomains]

 

[DomainVP]

 

[Weber]

Not much chance of finding a good domain with that attitude.
I'd say that's very fair.

 

[Asfas1000]

"Complain to Google, they own thousands of good domains and they don't use them."

 

[Ms Domainer]

So if I'm understanding this correctly, it's okay for this guy to sell a $10.00 domain for $6,500 but not okay for others to sell them at a profit.

Classic.