domains This front running me is now becoming a trend

[equity78]

Front running me is becoming a thing, well kinda. Back in May I wrote about someone offering me $1,000 for Stock.loans, I accepted their offer at the beginning of the pandemic and they went quiet. Weeks later they told me they planned on selling the name to a client who supposedly, sadly passed away from […]

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[NickB]

Personally find it despicable, if you agree a deal you complete it....

No ifs, buts, maybes or any other bloody excuse....

 

[4better]

You're not alone. Got that type of experience too in the past. A never-ending trend.

 

[tonyk2000]

A lot of shady stuff may happen with makeoffer negotiations (on the other end, I mean). So far, I ended up with the following:
1) Determining fixed BIN for (almost) all domains AND 2) making sure that it is visible on landing pages (on all types of pages I use: custom "own hosted" pages, markeplace forsale landers, parking + forsale banner, etc). Moreover, almost never the potential buyer will receive a discount if he asks (unless I have a reasonable way to 100% confirm that I'm dealing with a genuine enduser, and if there is a space for discounts).
Result: take it or leave it. All visible. Frontrunning will not be easy in this case.

 

[ultradog]

Ah, now i understand why they wanted Vabol. Translated it.

 

[Brian L.]

My last three buyers went silent after an agreement was made on Dan. I certainly hope this trend doesn’t continue.

 

[D Haynes]

I wouldn't have a problem with front running if they honoured the deal and they made it clear to the buyer they were a middle man.

If I'm OK selling a name for 1k then I'm not bothered if they sell it the next day for 3k as I got what I wanted. The issue is when they dont pay. They essentially have a a lot less risk. The other problem is if the buyer (third party) thinks they (the frontrunner) is representing you. Can have legal implications.

 

[NorthernDomains]

A lot of shady stuff may happen with makeoffer negotiations (on the other end, I mean). So far, I ended up with the following:
1) Determining fixed BIN for (almost) all domains AND 2) making sure that it is visible on landing pages (on all types of pages I use: custom "own hosted" pages, markeplace forsale landers, parking + forsale banner, etc). Moreover, almost never the potential buyer will receive a discount if he asks (unless I have a reasonable way to 100% confirm that I'm dealing with a genuine enduser, and if there is a space for discounts).
Result: take it or leave it. All visible. Frontrunning will not be easy in this case.

This is still the best way to get rid of the tire kickers. There's nothing, or very little to negotiate.

 

[NorthernDomains]

The other problem is if the buyer (third party) thinks they (the frontrunner) is representing you.

Most people don't realize how serious this can become. Tony has the answer, set a price and wait.

 

[tonyk2000]

In the best case, there would be a fellow domainer on another end who is probably going to pay. Starting from time wasting (but at least honest) inquiries "I am a domainer, I will pay $50" and up to (also time wasting) soap operas which some fellow domainers-in-buying-mode enjoy (I will speak to my business partner... My business partner approved 60% only... I will go to my bank tomorrow 11 a.m. and ask for a credit... please provide a discount and tell me what is your best price).

In the worst case, as @D Haynes noted, it would likely have legal implications - who knows what parties will receive purchase solicitations from the current buyer, even before they paid, and what their text would be.

 

[Mister Funsky]

Some of my names have a BIN, best ones are make offer only. When an offer comes in (of course it is always...almost always...too low) I counter. With that counter I give either 24 or 48 hours for them to buy. I NEVER make it exclusive to them, meaning anyone else can buy it once I set the new, temporary BIN. If they don't buy within that period, I will either start adding xxx every few hours (if I am bored) or I will just take the option/BIN away. If they contact me again, the price goes up (the amount of increase depends on what they say and how they say it).

 

[CraigD]

The only way to really stop this behaviour is to use your own landing page, with explicit instructions to negotiate with your email address only.

 

[equity78]

The only way to really stop this behaviour is to use your own landing page, with explicit instructions to negotiate with your email address only.

Good point, it does not stop non paying bidders though. It's why I like to have most names at a buy it now. No back and forth with offers.

 

[CraigD]

Good point, it does not stop non paying bidders though. It's why I like to have most names at a buy it now. No back and forth with offers.

Yes, the back and forth is often a pointless game to scope how desperate you are to sell, and can negatively impact your final sale. Setting high 'buy it now' prices deters the low-ballers and frontrunners that are out in force the last few months. I allow offers, but generally won't respond.
Personally, with my portfolio I don't think it will reach it's potential for another few years, so I'm hunkered down for the waiting game.

 

[otismo]

"but I will take it for $100 if you like"

 

[equity78]

"but I will take it for $100 if you like"

Yeah classic, the stock.loans went $150.

 

[lock]

Have had people agree on prices to renig lately they think they can do it in a covid world.

 

[equity78]

Have had people agree on prices to renig lately they think they can do it in a covid world.

Yes that's true that's what the first deal said.

 

[Bname.com]

Did the deal go through?

 

[otismo]

Amazon stiffs NYC.

I guess that sets the tone...