.tv If you own a premium name...

[smashfactory]

it is really really really important that when you sell it, you disclose the renewal fee.

too many listings are popping up all over with no renewal listed. you need to let the buyer know up front.

trying to sneak it by isnt going to sit well. first, you could end up losing the sale, and tarnish your rep for trying to pull one over on a buyer.
second, the more people do this, the more it is going to get around how difficult it is to buy ANY .tv because you never know what the fee is going to be.

many buyers do not even know to ask, and if you are banking on that buyer to get suckered into your sale, well then you dont rate very high up there on the morals scale.

you are really doing more harm than good. you need to state that renewal fee folks!

and, i know most of the people here who have premiums do list it- i dont mean you. but we do have some in here that dont list it-

good generic premiums get attention- you dont want to have some bad wrap attached at the end of all that good attention, and then spoil the soup.

 

[jeffoverman]

couldnt agree more dottie..

people that hold them and some of the big boys here seem to be always pulling fast ones on this issue.

another risk factor on .tv ext

 

[mckennaronnie]

I agree 100%, the bad sellers who dont let potential buyers know the renewals will give the whole extension a bad reputation. Many potential buyers already have an issue with .tv as they dont like or understand the renewal setup so its very important we all try make things as clear and easy in all our sales.

The sellers who try hide their renewal fees will most likely never get paid either so its a pointless exercise :yell:

 

[dcmike77]

I'm not so sure guys.

The auction houses need to be accountable as well to protect their customers, and if they don't care then it shouldn't neccesarily be our concern.

Example 1: If you're buying a car on ebay, you're responsible for researching it as much as posisble before buying (i.e. carfax history report, previous owners, number of miles, etc). Same with a domain name.

Example 2: If you're selling a car through a dealership, they require you to show/discuss with them the title, history, maintanice, etc, before they go and sell it as they dont' want any surprises for their customers. It's up to them to display that information or not to get the most money from the buyer. Same with Moniker.

If we were selling these names directly to a buyer than I'd likely argue that the renewal be shown. But, in the case of an auction house like Moniker, it's up to them to ask/provide the info.


-Mike

 

[RJ]

Why a different standard if selling through an auction house? The same principal applies, and all the legitimate auction venues have a place for the seller to provide a description.

 

[MicroGuy]

Do auction houses inform the buyer after the sale closes about the premium renewal, during the transfer, or does the buyer find out when the domain comes up for renewal?

If the later, a seller may be able to pull off this scam and get the money before the buyer is aware of the renewal.

 

[heroes]

If the buyer doesn't know about Premium pricing, and its not disclosed, then they will find out:
1. After they have bought it at auction and try and transfer it away from eNom (and can't).
2. Its pushed into their eNom a/c and it comes up for renewal.

 

[smashfactory]

if you buy a car on ebay, and it is a lemon, ebay is not responsible- if you buy a fur coat thru a classifieds ad, and it is fake, you have no recource with the paper-

these are just venues in which to sell- they are not the owner of the domain-

and overall, it doesnt do well for the extension-

there is no good point to not making sure the renewal is known. keep selling crap on ebay and claim the buyer should have researched before buying, and see how fast you go out of business.

i agree the buyer needs to do due dilligence, but we all know how many people are NOT aware of premium renewals-

 

[heroes]

i agree the buyer needs to do due dilligence, but we all know how many people are NOT aware of premium renewals-

And even if you are aware of Premium pricing there is only one way to do due dilligence on the Premium renewal and that is to ask the seller and get a screen shot.

Not all of the Premium prices searched on Ahead.tv are accurate.

 

[MicroGuy]

If the buyer doesn't know about Premium pricing, and its not disclosed, then they will find out:
1. After they have bought it at auction and try and transfer it away from eNom (and can't).
2. Its pushed into their eNom a/c and it comes up for renewal.

Yes. I've been thinking about this issue and that does seem to be the two most likely scenerios. Too bad for .TV newbies, honest sellers, and the .TV industry as a whole.

It's pretty obvious to me that the seller should list the premium renewal rate in the auction description and that the auction houses need some type of enforcement to prevent sellers from abusing this loophole.

 

[Makis.TV]

in the last moniker auction one of my tv premiums was chosen
i carefully put the renewal price on the docs i sent

some hours before the auction ends i got an urgent email from moniker
asking the renewal price of the domain

the time difference made me see the email after the auction ended
so i guess the domain wasnt sold for this matter

i asked them about what happened through my rep
but i never got a reply back(once more)


for sure we must get our renewal prices posted
but companies like sedo and moniker should force us to do this

 

[smashfactory]

And even if you are aware of Premium pricing there is only one way to do due dilligence on the Premium renewal and that is to ask the seller and get a screen shot.

Not all of the Premium prices searched on Ahead.tv are accurate.

and if the seller is whois private- then the buyer is screwed. the world doesnt know about ahead.tv yet either- its all just makes for a bad cake.

 

[RPK]

in the last moniker auction one of my tv premiums was chosen
i carefully put the renewal price on the docs i sent

some hours before the auction ends i got an urgent email from moniker
asking the renewal price of the domain

the time difference made me see the email after the auction ended
so i guess the domain wasnt sold for this matter

i asked them about what happened through my rep
but i never got a reply back(once more)


for sure we must get our renewal prices posted
but companies like sedo and moniker should force us to do this

Moniker is interested in some of my .tv domains for the upcoming auction at Affiliate Summit in Vegas (Qoof will have a booth there, little plug) and Rick, the rep, had no idea that there was a higher renewal fee with premium .tv's.

I filled out the form and put the renewal fees in the Excel doc, but who knows if they will put it into the auction.

 

[rodash]

Everything that everyone has said here adds up to the mess that premium renewals have become. It's an absolute dog's breakfast and it's a disgrace that Verisign has let it come to this. How you can have some level 1 names carrying a $25 renewal while others carry $10,000 renewals is bizarre - or at least that's how the marketplace outside this forum sees it. All these issues mentioned in this thread are going to crop up more and more as people try to flog the names before the renewals come up.

I'm working out which premiums I'm prepared to keep and I'll let the rest drop. I have no qualms about that. Put it down to a poor judgement or hype or whatever. Now I'm finding they are more trouble than they are worth as there's no way in the world you can sell some of these names once people discover the renewal fee hanging over them. I'll cop the losses as tax write-offs and move on.

 

[VisualArtistFrankBonilla]

it is really really really important that when you sell it, you disclose the renewal fee.

too many listings are popping up all over with no renewal listed. you need to let the buyer know up front.

trying to sneak it by isnt going to sit well. first, you could end up losing the sale, and tarnish your rep for trying to pull one over on a buyer.
second, the more people do this, the more it is going to get around how difficult it is to buy ANY .tv because you never know what the fee is going to be.

many buyers do not even know to ask, and if you are banking on that buyer to get suckered into your sale, well then you dont rate very high up there on the morals scale.

you are really doing more harm than good. you need to state that renewal fee folks!

and, i know most of the people here who have premiums do list it- i dont mean you. but we do have some in here that dont list it-

good generic premiums get attention- you dont want to have some bad wrap attached at the end of all that good attention, and then spoil the soup.

I think part of this problem is the "bad apples", that are part of domaining. We would like to think all domainers are good, honest people. There all always people who figure out how to make a fast buck. I think most of the people who sell without disclosing renewal fees are this type. It may be someone who has computer savvy, and just happened to find Namepros. They do a little studying, and figure out how to make some cash. Maybe mom and dad were rich, and they have some cash to start with. Maybe I'm wrong.

I think 99.9% of Namepros members are good, honest, hardworking people. Some have lots of money for domains, others don't. But who are the .1% that get banned? Maybe it's some of these people. I know even some of these guys were good people, and just did somehting wrong. That .1% can buy, and try to sell a lot of premium domains. My lousy opinion only! :yell:
Frank

 

[Makis.TV]

I m going to post a new topic on the days to come,
i was in communication with a rep of enom.tv(he approached me) for some premium reg's and special pricing.
He, for the second time, emailed me false data.
He said different things on the 1st email and when he saw that i was willing to pay, he(or them) changed his mind and price on the next email for the desired premium.
The stupid thing is that he emailed me and asked if i wanted to know, another stupid things is that he didnt tell me a new thing, everybody knows that you can pay upfront 2 yrs for a premium and then get a 50% reduced renewal fee for the 3rd yr and after and when i said he changed this offer to worst one.

I always make turns when i get real facts that point me there.
This was the most real fact to make say that if it doesnt gets resolved on my favour i ll no longer build on tv premium and enom in general.
Enough is enough with these guys.

They are playing with us, ignorant salesmen.

ps: everything is on my inbox so i can post proofs

 

[MillersCrossing]

Best be upfront otherwise a....you are witholding vital info that any buyer would use in evaluating a sale, b....you will be shaking in your boots till the sale goes through whether or not the buyer finds out about the premium...

Here is a recent contact email between me and a sedo broker for a name......never heard back from her.....was it the premium or the price that put the client off....i doubt the price...people that hire brokers to get them a name can usually afford xxxx...so i guess it was the renewal fee.......

Disclosing it upfront saved everyone time, money, and disappointment......

Subject: Re: care.tv
To: "Sedo :: Andrea Makowski" <[email protected]>
So that I know we are not dealing in completely different ballparks altogether, - this is a $250 a year premium, peanuts compared to premiums nowadays.

So the buyer needs to appreciate the huge savings year on year for a $250 payment.

So come up with a decent figure at least high xxxx and I am sure we will be able to come to terms

Thank you

"Sedo :: Andrea Makowski" <[email protected]> wrote:
Dear James,

A client of mine is interested in purchasing your domain 'care.tv'.

If you are interested in selling your domain please get back to me at your earliest convenience and we'll see if we can put together a deal that pleases both parties.

Thank you very much for your time and I look forward to hearing from you.

Kind regards,

Andrea Makowski

Domain Brokerage

Sedo GmbH :: Im Mediapark 6 :: 50670 Cologne :: Germany
tel +49 221.34030.144 :: fax +49 221.34030.104
http:://www.sedo.de :: [email protected]

District Counsil Cologne HRB 35019
Board of Management: Tim Schumacher, Ulrich Priesner, Marius Würzner

 

[smashfactory]

your right millers- better to get it out up front then go thru negotiations, just to have it possibly die in the end.

i think, it seems like trying to sell premiums with higher renewals- it might be kind of scary for those who own. it is apparent some have no problem wanting to hide this information so the sale can happen. now, i don't agree with this at all, but maybe there needs to be a bit more conversation on best selling techniques for such names.

 

[equity78]

A lot of good points,

Rodash you are 100 % correct when it comes to all the different premium renewal, I understand premium renewal not going away, what Verisign does not understand is it is hard enough to explain "Premium Renewal" if it was a universal renewal. You have to add to that:

Seller "This one is $1000, this one is $250"
Prospect "Why does the better domain have a lower premium fee ?"
Seller "I was able to negotiate that premium"
Prospect "Oh so there is no uniformity to any of this ?"
Seller "no"
Prospect"Sounds like a shell game, no thank you "

Millers $250 is not bad at all, so it shows you with some people any premium renewal is not worthwhile and they have no interest in the domain.

 

[cityforums.com]

A lot of good points,

Rodash you are 100 % correct when it comes to all the different premium renewal, I understand premium renewal not going away, what Verisign does not understand is it is hard enough to explain "Premium Renewal" if it was a universal renewal. You have to add to that:

Seller "This one is $1000, this one is $250"
Prospect "Why does the better domain have a lower premium fee ?"
Seller "I was able to negotiate that premium"
Prospect "Oh so there is no uniformity to any of this ?"
Seller "no"
Prospect"Sounds like a shell game, no thank you "

Millers $250 is not bad at all, so it shows you with some people any premium renewal is not worthwhile and they have no interest in the domain.

The reason buyers have no interest is because it is logical to assume that premiums can and will most likely increase as time goes. So even if .TV grows it won't secure your future profits.