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Missed a great opportunity in LLL.com flip...

Labeled as strategy in General Domain Discussion, started by ramkumaritrvs, Apr 23, 2020

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  1. ramkumaritrvs

    ramkumaritrvs Happiest man in the world PRO VIP

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    Sale happened but we missed to earn from it due to the poor attempt that my team went..

    I see $21k price on LLL .com (in private firm) but it will worth more. i interested to acquire and then trying to outbound but my team head suggested that we will do outbound, once get any lead then we will proceed to acquire @ $21k.

    Almost spent 3 days to find potential endusers and outreached them. One of the company opened our mail 10+ times yesterday but didn't received any reply from them.

    when checking the domain now, it got sold :(

    Seller must sold @ morethan $21k because we asked $75k in outbound. Seller didn't aware of this outbound & sale but got benefit from my teams poor strategy.

    Great lesson learnt now.

    P.S: Just sharing the above as a test case. It may be helpful for someone in future.
     
    Last edited: Apr 23, 2020
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  2. TERADOMAIN

    TERADOMAIN QualityNames.com VIP

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    Thanks for sharing.

    So accidently your team did outbound without owning an asset??
     
  3. ramkumaritrvs

    ramkumaritrvs Happiest man in the world PRO VIP

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    Not accidently, we did it on purpose. It was a new strategy that my team tried and failed.

    Without owning the domain we did outbound (to save acquisition cost & less risk on hold). If we didn't get any leads then we might move to next domain. that's our plan but we got kicked this time (n)
     
    Last edited: Apr 23, 2020
  4. bmugford

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

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    So you were outbounding a domain that you did not own, without the permission of the owner? That is not cool at all.

    You are basically shifting the risk from you onto the owner. You could burn through any leads that they might want to explore later, while also potentially putting them at legal risk, like with a potential dispute.

    Brad
     
    Last edited: Apr 23, 2020
  5. TERADOMAIN

    TERADOMAIN QualityNames.com VIP

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    Thanks for sharing with honesty.

    But in reality its harmful to real owner. It may invite UDRP to real owner without he is aware of it. He may get UDRP without his fault. If your team accidently contact trademark owner then it may create unnecessary headache to real owner.

    In my mind that is not correct practice. Nobody should represent any asset without prior consent from owner. Broker do represent asset only after getting prior approval from real owner via agreement.

    Just sharing as good friend.

    Thanks
     
  6. equity78

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

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    I don't mean this with any disrespect and I am not the domain police, do what you like but don't announce this. You did not get the deal and you can hurt your rep.
     
  7. ramkumaritrvs

    ramkumaritrvs Happiest man in the world PRO VIP

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    yes :xf.frown:

    I agree that it's not cool and we learnt now. we will not do the same for sure.
     
  8. DomainsMaven

    DomainsMaven 1800Web.com Gold Account

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    Totally agree.

    Not cool at all.
     
  9. TERADOMAIN

    TERADOMAIN QualityNames.com VIP

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    But I really appreciate your honesty. I also admire you admit your mistake.

    It require lots of courage to accept our mistake in front of many people.

    My respect for you is same like before reading this thread. In my eye your reputation is intact.

    Thanks
     
  10. ramkumaritrvs

    ramkumaritrvs Happiest man in the world PRO VIP

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    We have checked for TM before trying outbound. It's not a TM'ed LLL.com.


    Yes but i decided to share this because, in future no one should attempt like this.

    I want to be honest to the community where i learnt most of my domaining skills.

    Just hiding things may good for reputation but really not help for the community.
     
  11. bmugford

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

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    So how did you approach the potential end users exactly?

    Where you representing yourself as the domain owner, or acting on behalf of the owner as a broker?

    Brad
     
  12. equity78

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

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  13. bmugford

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

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    TM law is nuanced. There can be common law TM as well.

    At the end of the day, even a meritless case would be the responsibility of the owner to deal with.

    I certainly would not want some random, likely unqualified, party making any legal determinations regarding my domain.

    Brad
     
    Last edited: Apr 23, 2020
  14. ramkumaritrvs

    ramkumaritrvs Happiest man in the world PRO VIP

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    We did Email. We had a plan to call once get any leads.

    As a broker (not mentioned behalf of owner).
     
  15. Sinh

    Sinh Top Contributor VIP

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    It is the same story here, a broker contacted me to buy one domain from me at $3k7 while he had done the agreement with the enduser at $14k, this happened in Jan., 2020
     
  16. lambo.com

    lambo.com Procuring Quality VIP Gold Account

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  17. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    Sorry to say this MODS need to remove that PRO badge, that is BS newbie move.

    To sell something you don't own, especially with the legal risk of 3L.com's these days is totally amateur, you learned your lesson how, because you lost a potential sale of an asset you didn't own.

    I don't know what to say, people seem to think they, and THEIR TEAM can send a few emails, and make $54K before lunch, without breaking a sweat. I have no idea who gave you a pro badge, but everything you stated is unethical. Insult to injury you come on here to brag about it?

    My guess it's probably FLM
     
    Last edited: Apr 23, 2020
  18. ramkumaritrvs

    ramkumaritrvs Happiest man in the world PRO VIP

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    As i said before, It was a strategy that my team tried and got failed. I am 100% agree that it's unethical but it's not harmed anyone (except us).

    I might hide it but being honest to the community, i shared my success & failures here at namepros because i learned a lot from my fellow elder domainer's experience.

    I haven't seen thread like this before but that's not mean no one tried it before. Atleast it will help who visit this thread with the same idea in future. They may change their mind after seeing critics that we received.

    If mod wants to remove my PRO tag, i would like to accept their decision (y)
     
  19. topdom

    topdom Top Contributor VIP

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    You deserved it, but thanks for being honest. Maybe people who you were outbounding to bought it directly.

    Question is: if it was not a liquid domain, and if you found an enduser, and the enduser agreed to buy, and you made a deal with the actual seller, and the actual buyer changed his mind, would you keep your promise and buy it from the seller (in this case, for 21 K)? If not , then this would be the real unethical part.
     
    Last edited: Apr 23, 2020
  20. Furquah

    Furquah Brand Ambassador INDIA Epik.com Staff VIP

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    You opened up. there are many people who do this and done before. I know one :xf.smile:

    No harm in doing this as far as you are going to buy a domain.
     
  21. ramkumaritrvs

    ramkumaritrvs Happiest man in the world PRO VIP

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    Yes, once i agreed to buy / sell, i never looked at price (even if my buyer is backed out), just proceed what i agreed.

    This is our first & last with this strategy. I just proceeded because it was a new idea / strategy from my team.

    Not all the idea leads to success :facepalm:
     
    Last edited: Apr 23, 2020
  22. wurdd

    wurdd Top Contributor VIP

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    You have no rights or interest in the domain. It's called front running. What you did was parasitic and your actions were detrimental to the mojo of the domain and domain owner. Bad karma if you ask me. You must send the owner some flowers and an apology right away!
     
    Last edited: Apr 23, 2020
  23. gabri3l

    gabri3l Established Member

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    He wants to sell something that he doesn't owns, everybody goes against him.
    He tracks emails without consent, nobody bats an eye.

    The double standards of namePros!

    Even in Murica is unethical from a legal point of view
     
  24. wurdd

    wurdd Top Contributor VIP

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    The hypocrisy!!! Yes, yes!!!!
     
  25. ramkumaritrvs

    ramkumaritrvs Happiest man in the world PRO VIP

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    All our emails are traceable. We using hubspot, snov and few others. with / without consent is depends upon the tracking companies policy.
     
    Last edited: Apr 23, 2020

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