NameSilo

Interview with Riz from EmpireNames on new site CatchService.com

Labeled as interviews in Domain Industry News, started by equity78, Aug 15, 2020

Replies:
15
Views:
858

  1. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    15,467
    Likes Received:
    19,479
    Riz from EmpireNames.com has launched a new service at CatchService.com 1) So tell me what is Catch Service? Answer : Hi CatchService.com is new venture for catching domains including .com .net .org with very reasonable price of $18 . so far we have caught more then 5000 domains in very short time and […]

    Continue Reading
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. uzver

    uzver Established Member PRO

    Posts:
    390
    Likes Received:
    1,482
    “We are going to add a feature on site with the name Private Auctions. This will work like if suppose someone forgot or missed to do any back order and domain went to private auction so they will be able to see which private auctions are running and they can place bid with us and we will try to acquire that name under there bid.

    If we won name we will charge them same as name sold in private auction + 10% service charges.”

    So this is yet another way of front-running an auction, IMO. At scale.

    If I entered a private auction, I’m expecting I’m bidding against participants ONLY and not some kind of proxy bidder backed by a group of people to whom you promote this auction.

    I can’t believe this shit is happening in the domain industry and being promoted publicly now.

    “This will work like if suppose someone forgot or missed to do any back order and domain went to private auction”

    @Riz M. maybe you will also create a section called Private Liquidation and list the domains from DNWE as a matter of helping whoever was not able to register there (or got banned)?
     
    Last edited: Aug 15, 2020
  3. uzver

    uzver Established Member PRO

    Posts:
    390
    Likes Received:
    1,482
  4. Keith

    Keith Top Contributor VIP ★★★★★★★★★★

    Posts:
    9,272
    Likes Received:
    10,583
    It seems like they should switch to what dropcatch does. If there are multiple backorders then the domain is automatically open for public bid. But, if you want to call it private then it seems like a disservice to your clients to allow outside bidders to enter the auction late.

    It’s also more work for catchservice to field and place bids for clients. This model makes zero sense to me, both operations wise and ethically.
     
  5. NameDeck

    NameDeck Top Contributor VIP

    Posts:
    5,411
    Likes Received:
    4,156
    Wt? I 100% agree with @uzver . Insane.
     
  6. Riz M.

    Riz M. EmpireNames.com VIP Gold Account

    Posts:
    6,874
    Likes Received:
    10,677
    it was just thought to help some domainers who missed to backorder and we have not started.
    on dnwe i never bought any name but i sold names there alot..
    so we will now cancel it..
    Thanks for raising issue :)
    Rgds
    Riz
     
  7. Riz M.

    Riz M. EmpireNames.com VIP Gold Account

    Posts:
    6,874
    Likes Received:
    10,677
    It was just an idea but now we have canceled this .
    sorry for misunderstanding but our intention was something else...
    Thanks
     
  8. Samer

    Samer Top Contributor VIP

    Posts:
    5,576
    Likes Received:
    9,425
    @Riz M. you’re trying to innovate industry

    Your intentions were great even if it’s DOA

    Thanks for; consummate professional, class
     
    Last edited: Aug 15, 2020
  9. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    9,999
    Likes Received:
    14,612
    Probably the right idea.

    That does not really sound like a "private auction", if others can just jump in and bid.

    Brad
     
  10. uzver

    uzver Established Member PRO

    Posts:
    390
    Likes Received:
    1,482
    That would be a disservice to those who participate. It’s doesn’t matter whether or not you would help somebody else at the same time, IMO.

    Thanks for ditching this idea.

    DNWE was just an example. I meant that if you move forward with your idea, what should stop you or anyone else making something similar using another (also private) platform?
     
  11. Riz M.

    Riz M. EmpireNames.com VIP Gold Account

    Posts:
    6,874
    Likes Received:
    10,677
    its okay :)
    i got your point i canceled this idea right after you tagged whole industry pros.. :)
    Peace :)
     
  12. uzver

    uzver Established Member PRO

    Posts:
    390
    Likes Received:
    1,482
    Peace :xf.smile:

    Sorry if I sounded a bit harsh. Im shocked that this kind of idea was posted on a popular industry website without any criticism thus making others think it’s something normal.
     
    Last edited: Aug 15, 2020
  13. Charley

    Charley Striving To Be The Best VIP ★★★★★★★★★★

    Posts:
    4,188
    Likes Received:
    233
    1. Can you show us names that have been caught and from which registrars?

    2. What payment do you accept?
     
  14. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    15,467
    Likes Received:
    19,479
    Since it's being removed I took it out of the interview Riz. I agree it's the right move and most fair for those who participate. If you miss out you miss out, that's on the domain investor.
     
  15. karmaco

    karmaco Top Contributor VIP

    Posts:
    2,545
    Likes Received:
    6,481
    I know nobody asked my opinion but they have been catching names for me since April and everything has gone very smoothly. @Riz M. can attest I approached him the second I saw he beat Dropcatch on 2 names I wanted. Is that going to happen all the time? No and competition will be more with more members but I am very glad to have another option.
     
  16. Riz M.

    Riz M. EmpireNames.com VIP Gold Account

    Posts:
    6,874
    Likes Received:
    10,677
    We are trying our best to provide best prices with good catch rate and yes i can attest you are 2nd customer who approached us when we launched this service..
    very happy to serve you and glad you are happy with our service :)
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...