- Impact
- 3
I've learned this the hard way...
About 2 years ago I hand registered some dot com which was 5 letters long (including 3 numbers) and those numbers may remind (for those who are in the know) one recent high-end technology. No, this was not an attempt to attack somebody's trademark. I was actually planning to develop this into a small website that is not competing with them at all. As a part of routine, I listed it on Sedo. In 4 months, and offer of $400 appears out of the blue. Yes, with an investment of $8, this translates into 50x the return in 4 months (somebody, please calculate APY?) Since I was always dreaming about Sedo auction, I immediately used this offer to start the auction (thinking world-wide exposure at the solid broker and all that). What happened next? The auction silently passes through the 7 full days without a single bid!!! So, the name was sold for $400.
The lesson? I could be less stupid and infer by the amount of the offer whom I am dealing with. Yes, that was the Big Company (I've learned that in a few days after the transfer; the domain was already redirecting to their main site)... A moderate counteroffer ($750?) might be successful instead.
About 2 years ago I hand registered some dot com which was 5 letters long (including 3 numbers) and those numbers may remind (for those who are in the know) one recent high-end technology. No, this was not an attempt to attack somebody's trademark. I was actually planning to develop this into a small website that is not competing with them at all. As a part of routine, I listed it on Sedo. In 4 months, and offer of $400 appears out of the blue. Yes, with an investment of $8, this translates into 50x the return in 4 months (somebody, please calculate APY?) Since I was always dreaming about Sedo auction, I immediately used this offer to start the auction (thinking world-wide exposure at the solid broker and all that). What happened next? The auction silently passes through the 7 full days without a single bid!!! So, the name was sold for $400.
The lesson? I could be less stupid and infer by the amount of the offer whom I am dealing with. Yes, that was the Big Company (I've learned that in a few days after the transfer; the domain was already redirecting to their main site)... A moderate counteroffer ($750?) might be successful instead.
