NameSilo

Negotiating with Front runners | Namejet user: markmon

Located in Reviews started by BuyBrandWeb.com, Mar 26, 2019.

Replies:
34
Views:
2,500

  1. BuyBrandWeb.com

    BuyBrandWeb.com Praveen Chidaboyina PRO Gold Account VIP

    Posts:
    651
    Likes Received:
    2,469
    Front running is one of the major problems in our industry where genuine investors ended up with paying more at the auctions as I paid $184 USD for jefferygroup.com domain name and it was offered to jefferygroup.net owner for less than 1000 USD but I was not aware of it and I went with a bidding war and won the auction.

    Later I had a discussion with jefferygroup.net owner and he mentioned that 3 people contacted him for the same during the auction.
    I would have been got it for 69 USD!

    I was bidding on coinsociety.com auction recently (auction ended on 17th March 2019) and I own coinsociety.org
    I got a mail from front runner during the 3-day private auction and it was offered to me. I have started negotiating with him without mentioning that I was bidding on that auction.

    Here is the complete negotiation mail for your reference

    His name: Jason Martin ( May be a fake name)
    Mail id: [email protected]
    Phone number: +1 (323) 207 0796
    ********************************************************************

    On Tue, Mar 19, 2019 at 9:01 PM Jason Martin <[email protected]> wrote:
    Sorry I hit the send button too soon. The below email I see sent with a slightly different price:


    Hi Praveen,

    We are seeking $3,995 USD.

    Jason

    If you use the same email thread started via the website they will honor the price I quoted you if paid this week.

    Jason


    ---- On Tue, 19 Mar 2019 08:29:49 -0700 Jason Martin <[email protected]> wrote ----

    Hi Praveen,

    I see the below email:

    ---- On Tue, 19 Mar 2019 06:54:21 -0700 Praveen Chidaboyina <[email protected]> wrote ----

    upload_2019-3-27_2-15-4.gif Hi Jason,

    You have offered the domain name to us for $3895 but why are asking $55000 USD now?
    Praveen Chidaboyina
    +91-94 94 717 617

    Skype: praveen_843

    On Mon, Mar 18, 2019 at 8:45 PM Jason Martin <[email protected]> wrote:

    If you put that in the contact form on the website I am sure they can organize Escrow.com to be the payment gateway.


    Jason

    ---- On Mon, 18 Mar 2019 07:58:12 -0700 Praveen Chidaboyina <[email protected]> wrote ----
    upload_2019-3-27_2-15-4.gif I want to use Escrow.com only.
    Praveen Chidaboyina
    +91-94 94 717 617

    Skype: praveen_843

    On Mon, Mar 18, 2019 at 8:26 PM Jason Martin <[email protected]> wrote:

    Best way to buy the domain is use the lander directly:

    http://coinsociety.com/

    ---- On Sun, 17 Mar 2019 14:35:12 -0700 Praveen Chidaboyina <[email protected]> wrote ----

    Are you there?

    On Friday, March 15, 2019, Praveen Chidaboyina <[email protected]> wrote:

    --
    Regards,


    Praveen Chidaboina
    +91- 9494717617

    upload_2019-3-27_2-15-4.gif Okay, sounds good. I have visited the domain but it is not resolving. Any idea why it is not working?
    Praveen Chidaboyina
    +91-94 94 717 617

    Skype: praveen_843

    On Fri, Mar 15, 2019 at 9:12 PM Jason Martin <[email protected]> wrote:
    Sadly we cannot take PayPal directly. Only though Escrow, etc.

    Jason

    ---- On Fri, 15 Mar 2019 08:21:14 -0700 Praveen Chidaboyina <[email protected]> wrote ----

    upload_2019-3-27_2-15-4.gif Jason- I'll pay through Paypal today and will you guarantee the delivery by end of the day?
    Praveen Chidaboyina
    +91-94 94 717 617

    Skype: praveen_843

    On Fri, Mar 15, 2019 at 8:42 PM Jason Martin <[email protected]> wrote:

    Hi Praveen,

    Maybe a little room but not a lot. We can deliver the domain same day as funds are secured.

    Jason

    ---- On Fri, 15 Mar 2019 02:45:38 -0700 Praveen Chidaboyina <[email protected]> wrote ----

    upload_2019-3-27_2-15-4.gif Hi Jason,

    Can I expect some room for negotiations? How long does it take to have ownership?
    Praveen Chidaboyina
    +91-94 94 717 617

    Skype: praveen_843

    On Fri, Mar 15, 2019 at 12:10 AM Jason Martin <[email protected]> wrote:

    Hi Praveen,

    We are seeking $3,995 USD.

    Jason

    ---- On Thu, 14 Mar 2019 11:34:09 -0700 Praveen Chidaboyina <[email protected]> wrote ----

    upload_2019-3-27_2-15-4.gif How much?
    Praveen Chidaboyina
    +91-94 94 717 617

    Skype: praveen_843


    On Thu, Mar 14, 2019 at 11:58 PM Jason Martin <[email protected]> wrote:
    Hello and Good Afternoon,

    Would you have an interest in Coinsociety.com? We are about to sell the domain and wanted to check in with you just in case.


    Jason Martin



    ---
    Jason Martin
    [email protected]
    +1 (323) 207 0796
    *************************************************************************
    So I was curious to know who won the auction and confirmed with the winner and he agreed the same and they did outbound!

    upload_2019-3-27_2-17-53.png


    _____________________________________________________
    coinsociety.com whois

    Updated 7 days ago
    Domain Information
    Domain:
    coinsociety.com

    Registrar:
    Network Solutions, LLC

    Registered On:
    2007-02-05

    Expires On:
    2020-02-05

    Updated On:
    2019-03-18

    Status:
    clientTransferProhibited

    Name Servers:
    buy.internettraffic.com
    sell.internettraffic.com

    Registrant Contact
    Organization:
    LEVEL2 LLC

    Street:
    857 N LA CIENEGA BLVD 2ND FL

    City:
    LOS ANGELES

    State:
    CA

    Postal Code:
    90069-4707

    Country:
    US

    Phone:
    +1.3109109200

    Email:
    [​IMG]@level2.com

    ***************************************************************************
    Uniregistry Mail conversation:
    THE SELLER
    [​IMG]
    Steen
    +1 (702) 751-6695

    CONVERSATION HISTORY7

    System messages visible
    MAR 19, 2019

    Made an offer of $200.00
    4:13 PM
    [​IMG]
    Steen - The Seller
    Hi Praveen, Our price for this domain is $54,995.00 USD. We honor our price quotes for seven days however the domain may sell to someone else during this time. Steen Click Here To Respond
    5:19 PM
    Praveen Chidaboyina - You
    I have been offered this name for 3895 with some room for negotiations 4 days ago but what changed?
    7:22 PM
    [​IMG]
    Praveen Chidaboyina - You
    Praveen Chidaboyina +91-94 94 717 617 Skype: praveen_843 On Fri, Mar 15, 2019 at 8:42 PM Jason Martin <[email protected]> wrote: Hi Praveen, Maybe a little room but not a lot. We can deliver the domain same day as funds are secured. Jason ---- On Fri, 15 Mar 2019 02:45:38 -0700 Praveen Chidaboyina <[email protected]> wrote ---- Hi Jason, Can I expect some room for negotiations? How long does it take to have ownership? Praveen Chidaboyina +91-94 94 717 617 Skype: praveen_843 On Fri, Mar 15, 2019 at 12:10 AM Jason Martin <[email protected]> wrote: Hi Praveen, We are seeking $3,995 USD. Jason ---- On Thu, 14 Mar 2019 11:34:09 -0700 Praveen Chidaboyina <[email protected]> wrote ---- How much? Praveen Chidaboyina +91-94 94 717 617 Skype: praveen_843 On Thu, Mar 14, 2019 at 11:58 PM Jason Martin <[email protected]> wrote: Hello and Good Afternoon, Would you have an interest in Coinsociety.com? We are about to sell the domain and wanted to check in with you just in case. Jason Martin --- Jason Martin [email protected] +1 (323) 207 0796
    7:22 PM
    [​IMG]
    [​IMG]
    Steen - The Seller
    Hello Praveen, Sorry for the mistake. A coworker quoted the domain this morning without knowing of the former quote. We can indeed honor $3995 USD if funded this week. Steen Click Here To Respond
    8:14 PM
    Praveen Chidaboyina - You
    Steen- quick question: the mail came from [email protected] but whois info shows [email protected] email. Do you own both email id's?
    9:23 PM
    [​IMG]
    [​IMG]
    Steen - The Seller
    Broker who refers sales to us in exchange for a commission. Steen Click Here To Respond
    9:24 PM
    *********************************************************************

    I think @NameJetGM should ban markmon user from Namejet!
     
    Last edited: Mar 26, 2019
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

    Posts:
    21,117
    Likes Received:
    22,420
    I can't stand those people. They are scammers period.
     
  3. bmugford

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

    Posts:
    8,479
    Likes Received:
    7,984
  4. barman

    barman Established Member

    Posts:
    709
    Likes Received:
    868
    Oh is this why I'm getting bid up on some bullsh*t Namejet auctions?
     
  5. BaileyUK

    BaileyUK Top Member VIP

    Posts:
    1,028
    Likes Received:
    1,645
    I would imagine these sort of practices are quite common in the domain selling world..I'm not agreeing with the practice but, hard to see how you could put a stop to it.

    Funny enough It reminds me of a very common selling tactic on ebay. For those of you in the know, Amazon have some terrific bargains in their 'Warehouse deals' of customer returns, opened products, Usually one-off bashed boxes etc but perfectly good at some times upto 80% discount (and you can return for free)

    Well copy the product text exactly as on Amazon and place in Google and you will find everything listed at an additional 20 to 25% by ebay members - who will just go and make the purchase on the Amazon website, once they have got your payment... they even use the Amazon listing pics and description text, they can even enter your address for direct free delivery from Amazon. No mention of Amazon of course on the ebay listing.
     
    Last edited: Mar 26, 2019
  6. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,435
    Likes Received:
    6,602
    I've personally reported this to top level of NameJet and hope there is necessary action be taken. I'll update if I hear back anything.
     
  7. BuyBrandWeb.com

    BuyBrandWeb.com Praveen Chidaboyina PRO Gold Account VIP

    Posts:
    651
    Likes Received:
    2,469
    Update: I have created a support ticket with Namejet and got a below response

    Hello,

    Thank you for taking the time to send us your concerns regarding this matter.

    I have passed this info along to Management so that they can investigate further.

    If you would like a response from our Management Team, please email your Login Name and specific concerns to [email protected], and they can follow up via email after investigating.


    Thanks,

    Yssa ​
     
  8. biggie

    biggie Top Member VIP ★★★★★★★★★★

    Posts:
    9,516
    Likes Received:
    8,830
    Hi

    glad you brought the issue up and hope all those who engage in such practices get banned from the respective platforms they use.

    imo...
     
  9. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,535
    Likes Received:
    8,295
    Pretty much one of many, also probably friends, or other accounts of listers who like to give love tap bids to show their auction, or name has more organic interest than it really does.

    We have all been paying way to much for years, because of a few bad apples.

    Management is essentially one person, and if they have a relationship with that party which they probably do being an aged, active account, you are going to hit a wall.
     
    Last edited: Mar 27, 2019
  10. Internet.Domains

    Internet.Domains Top Member VIP

    Posts:
    1,839
    Likes Received:
    4,309
    There are many scammers in this business. Some known, some not. If you have been doing this awhile you can connect the dots. It's all there.

    Stay open minded and proceed with caution.

    Best of luck to all!
     
  11. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,535
    Likes Received:
    8,295
    Well stated, but sometimes you don't know who is on the other side of that bid, which can suck, especially if they win. Godaddy killed it somewhat a long time ago by putting all the linking info on the landing page, it wasn’t always like that. I have been pitched a few times, I have agreed to their purchase price then ignored emails after the fact. Or if it is unregistered, I go and register, then tell them I will pay them some insane amount for it, and watch them scramble.

    I don’t have much confidence in NameJet management aka Jonathan aka Matt Whitaker wannabe, and look alike.
     
  12. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,535
    Likes Received:
    8,295
  13. BuyBrandWeb.com

    BuyBrandWeb.com Praveen Chidaboyina PRO Gold Account VIP

    Posts:
    651
    Likes Received:
    2,469
    any idea about namejet user 'corplaw'?
     
  14. barman

    barman Established Member

    Posts:
    709
    Likes Received:
    868
    My arch nemesis. He is always on my backorders, where it's just me and him
     
  15. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,535
    Likes Received:
    8,295
    Used to see them around a lot more then these days, they used to be on pretty much everything good. Haven’t seen that name around to much lately.
     
  16. dande

    dande UNNATURE.COM VIP

    Posts:
    1,526
    Likes Received:
    1,097
    But why would someone offer a domain name he has no ownership of? That seem to me like a fraud
     
  17. Grego85

    Grego85 Quality.Domains VIP

    Posts:
    1,320
    Likes Received:
    2,579
    I don't really think front running is a scam if done the right way.

    Obviously, it is wrong to represent yourself as the domain owner when that is not the case. But writing to let a potential buyer know that a domain they might want is about to become available and offering your services to secure it for them is completely ok IMO.

    Not really something I would do, especially in auction settings, but maybe for drop catching a domain, as that takes some actual skill.
     
  18. GeorgeQuang

    GeorgeQuang Established Member

    Posts:
    524
    Likes Received:
    1,300
    Corplaw and Markmon are my competitors in almost bidding wars on NameJet.
    They are not bots, just people like us.
    I don't think they are scammers or bots or trickers, i just think that they are "genius" and "smart enough" to increase the selling ratio before they get names with high prices by contacting Potential Buyers for their target domains.
    Just my private opinion.
    If you work hard enough and do domaining as a full-time job, may be your name will be appeared in almost Auctions like those guys.
    But maybe, if they are scammers, @BuyBrandWeb.com has done a good job for our community.
     
    Last edited: May 26, 2019
  19. BuyBrandWeb.com

    BuyBrandWeb.com Praveen Chidaboyina PRO Gold Account VIP

    Posts:
    651
    Likes Received:
    2,469
    These stupid guys spoiled another lead for me. They offered the domain name for $3K USD during the private whereas I'm seeking $35K USD. I paid for $419 USD for that domain name otherwise I would have been got it for $69 USD then spoiled lead for me.
     
    Last edited: May 26, 2019
  20. Grego85

    Grego85 Quality.Domains VIP

    Posts:
    1,320
    Likes Received:
    2,579
    ^ its part of the game. Middlemen stepping on other middlemen's toes.
     
  21. GeorgeQuang

    GeorgeQuang Established Member

    Posts:
    524
    Likes Received:
    1,300
    I'm sorry, but i think that it's your fault, no theirs.
    The 1st advise i learned from my mentor once diving in this industry was " Think twice before you get a domain name". You have to know what is the highest price you can pay for a domain ? and what is the lowest price you can release it ? before acquiring any name.
    So, if you knew that the domain you was bidding was terrible, why did you pay much for it ? To win those " stupid" guys ?
    Now, when an auction that does not have at least one of them, i'm scared about having bad names. Ha ha.
     
    Last edited: May 26, 2019
  22. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,435
    Likes Received:
    6,602
    This is to update that after following up with NameJet's top level management who promised to look into this issue, never bothered to respond me even after follow ups. This shows they're not interested in fixing the front running issue.
     
  23. Grego85

    Grego85 Quality.Domains VIP

    Posts:
    1,320
    Likes Received:
    2,579
    ^ Why would they? Seriously.. think about it.
     
  24. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,535
    Likes Received:
    8,295
    NameJet is a fraction of its old self , the dismal management by Jonathan, has led
    to a record low inventory. It is in a downward spiral, same names, same bidders, keep feeding the ecosystem, who cares about NameJet it’s pretty much done.
     
  25. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,535
    Likes Received:
    8,295
    Six months have past, and NameJet has taken no position here other than to let fraud, and front running fester on their failing platform.

    Nothing has changed. Other than private domain inventory, and tucows selling off a lot of enom inventory, not sure how much longer NameJet will even be relevant.

    Customer service has continued to get worse, they don’t even answer their phone anymore.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
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...