NameSilo

Telepathy...really?

Located in Reviews started by Keith, Feb 8, 2016.

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  1. dordomai

    dordomai Top Member VIP

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    the value of their LLL:com portfolio might be 50 million, 100 million or more. They simply don't need to deal with lowball offers.

    Their time is worth something and $19 is not much. So nearly anyone who is serious about buying a domain can afford contacting them.

    I think $19 is still very approachable.

    If they ask for a minimum offer price spammers will offer $1000 for an LLL.com being worth at least $30.000.

    If they ask for a 100k minimum on an offer page TM holders can use that against them claiming that they are trying to sell their TM for a lot of money.
     
    Last edited: Feb 14, 2016
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  2. RU

    RU I'm out of domaining. ~Russel VIP

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  3. BrandStarters

    BrandStarters Established Member ★★★★★★★★★★

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    No doubt the idea behind this seems unfair from a buyer's point of view. And I completely get why the OP feels this way.

    However, at the same time all you have to do is simply put yourself in Nat's shoes. He's getting dozens if not, hundreds of low ball offers a day so you can see this system is probably the best thing he's ever done to weed out the low ball, time wasting offers.

    If I had his portfolio, I'd definitely do the same.
     
  4. WilsonM

    WilsonM Established Member

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    This is a filter I think to qualify serious buyers.
     
  5. Rory Ivey

    Rory Ivey Top Member VIP

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    I don't like the practice of charging a fee for an inquiry but after using domainnamesales.com for a while I got a tone of inquiries that didn't pan out. That's a waste of time and a lot were buyers who weren't serious. Buyers who think every domain is worth $10 because you can register a hand ref for that. The $19 idea would weed out these time wasters, and only bring buyers who are set on pursuing a specific name. This is even better if the price was refunded if a deal was t reach.. But that's optional. It gives the buyer control because they know the seller really wants that name. I'm trying to think of a real world example? I know some places have memberships you pay for to get a discount or to buy their products. Looking for better example?

    I don't think it's greed 100%, if they do have a top portfolio then no doubt they get a ton of waste emails and there is nothing as time wasting and frustrating as spam inquiries. This policy sucks but it relieves them. It's allows them to only negotiate with people who are serious.

    It's sucks if they are no refunds though, but the buyer knows what they are paying for and makes the choice.. The selling makes good money for renewals even on failed sales. They are paying for their renewals with this. Great sneaky strategy. You have to have a serious main name to pull this off. Like Telepathy, market, virtual, Rain, etc... Don't try it with wrong intentions or with names like domainerspalace.com
     
  6. DomainAgents

    DomainAgents Established Member DomainAgents VIP

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    We offer owners both options if they list in our marketplace, either have the buyer buy a credit to make an offer or let them make an offer for free. The paid option does a good job of filtering out spam and buyers who aren't serious about following through. It's a good option if you have really top tier names and more buyers are willing to pay than you might think.
     
  7. draco

    draco Upgraded Member Blue Account ★★★★★★★★★★

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    Anyone dealt with SecuredOffers recently? There's a domain I'm interested in that's listed with them. However, after reading their FAQ, I'm surprised anyone deals with them.

    "If you submit an offer for a domain whose owner does not work with SecuredOffers.com, then we will forward the offer but cannot guarantee that you will receive a response."

    "Are all the domains held by companies that use the SecuredOffers.com service available for sale at reasonable prices?
    The short answer is, “No”. Not all of the domains are available for sale. And many of the asking prices may strike you as unreasonable."

    So they'll take your money but they don't guarantee the owner works with them, that you'll get a response, that the domain is even for sale, or the price is reasonable?

    I would consider paying, but not under those ridiculous terms. That's worse than people submitting lowball offers.
     
  8. Michael

    Michael NameBio.com NameBio Staff PRO ICA Member VIP ★★★★★★★★★★

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    The site can't check who owns the domain being inquired on in the post GDPR world. In the incredibly rare instance that someone makes an offer on a domain that isn't Nat's he'll try to make sure your offer gets heard, or just refund the payment. It isn't his intention to be a service like DomainAgents, it's just an unfortunate byproduct of not being able to easily check if the offer is on his domain or not.

    Some domains might not be for sale because they are being used for something, are on a payment plan, or something like that. It's pretty rare though.

    The rest is CYA language for the rare occasions when someone files a PayPal dispute just because they couldn't agree on price. Haven't lost a dispute yet despite PayPal generally siding with buyers.

    It isn't Nat's intention to take your money for nothing, just to stop the deluge of lowball and spam offers. You're a domainer so you should be able to confirm before submitting an offer that Nat owns the domain, and as long as he owns it you're 100% guaranteed to get a response. I imagine you can probably figure out if it is for sale or otherwise encumbered too. And you must know Nat's reputation. So I'm not sure what you're really worried about other than spending $19 and not agreeing on price. But that's the point of the whole system in the first place... to make people think twice before inquiring, not to earn $19.

    I've been working for Nat going on 11 years now. If you want me to be the filter instead of the $19, feel free to PM me the domain, your offer, and your email address and I'll get it in front of Nat as long as it is a reasonable retail offer. If I decline to pass it along you can always pay the $19 and get the offer through to him anyway, so it can't hurt to give it a try this way first.

    But unless you're representing an end user or are an end user for the domain yourself, there's almost no chance you're going to work out a deal. I don't recall ever seeing Nat sell wholesale.
     
  9. Recons.Com

    Recons.Com Top Member VIP

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    Actually, they should work on AI enabled telepathic interface, where a client goes to a page and Telepathy can read their mind and respond to the offer even before it is typed in.
     
  10. domainer111

    domainer111 Top Member VIP ★★★★★★★★★★

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    Such a great move by Telepathy.

    As an industry, we need to be taken seriously. The narrative out there that's dominating is that we are all scum bag squatters. This is inside the box thinking.

    We need to get them outside the box!

    This helps us to be taken seriously.
     
  11. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    I stand by the fact that I’ll never pay a cent to make an offer on something that someone is trying to sell.
     
  12. Larion

    Larion Established Member

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    the whole thing is not about the $19 , but about getting your identity.
    Once you pay the $19 via a bank-account, they know who you are.
    That is the only reason why they are charging the $19.

    It is actually a good idea for a domain-broker, so they already know who the buyer is and therefore can adjust the domain-price accordingly.
     
    Last edited: Nov 17, 2019
  13. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    You can get information for free. It’s simple to ask for an email in order for potential buyers to submit offers. Asking for money is a different story.
     
  14. Larion

    Larion Established Member

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    "E-mails" very often do not represent the real identity of the bidder.
    It is a bit harder to fake a bank-account...
     
  15. wot

    wot Top Member VIP ★★★★★★★★★★

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    I do but is was some 13-14 years ago,maybe longer. Usually via a now almost defunct forum. :xf.smile:
     

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