Who Knows The Answer?

[WordWalker]

Whoever thought it was reasonable to allow a registrar to put an expired domain name up for auction without sharing ANY of the proceeds with the owner of the domain name - you know, the one who initially registered and paid for the domain name? To create such functionality would be a no-brainer:

Example of Language That Could Be Added to Domain Registration Terms & Conditions

A.

In the event I do not renew this domain name within ______ days of expiration, I opt to automatically place this domain for sale with the minimum asking price of $______________. Proceeds from this sale are to be deposited into the following PayPal account: #____________________.

or

B.

In the event this domain is not renewed within _____________ of expiration, the registrar is entitled to sell it and keep 100% of the proceeds.

As far as "A" goes, maybe the registrar gets a 10% or 15% commission for handling the transaction. Fair enough.

If presented with the choice, which one would you choose? A or B ?

For comparison purposes, ask a broker what happens when a client's stock options expire in the money.

 

[Domainate.com]

Because it's been that way since the beginning of backordering for just about everyone? Now there's a couple registrars that are doing it, but the others have been getting 100% of their proceeds of it for however long now, they see no reason to share it with anyone. Convince them why they should.

 

[Jaco]

Your "choice" is absurd, as everyone would clearly choose whatever is most favorable to them, regardless of the validity of the underlying philosophies.

Godaddy doesn't 'owe you' TDNAM to 'share the profits'.

 

[WordWalker]

Convince them why they should.

Here's why. Because eventually a new registrar entering the market will do exactly that and combine it with a big discount for transferring over existing registrations. That's why.

 

[Jaco]

Here's why. Because eventually a new registrar entering the market will do exactly that and combine it with a big discount for transferring over existing registrations. That's why.

It doesn't matter.
Apparently you haven't figured it out yet, but domains that have meaningful value on the aftermarket are a finite resource. They aren't making new ones. The ones that are out there are spoken for. The "old" registrars who were fresh-reg'ing domain names that have since become valuable are the ones who have this opportunity available to them. There can be no "new/old registrars".

Any "new" registrar would only have 2009 and later names available to them... basically, junk (save for a freak few)

The people who are apt to let valuable names expire aren't people who would know how to "transfer" a domain if their life depended on it.

Your entire concept confuses precepts of "domaining" and "domainers" which is a world unto itself, with a phenomenon- the expiration of valuable domain names- that is generally unrelated to those parties. If you want to see what an auction might look like of names registered long after the meaningful names were already taken, we already have it. It's called BIDO.

 

[WordWalker]

A new registrar could offer this functionality to anybody who transfers their domains over.

 

[Domagon]

A convincing reason to give the registrant some of the sales proceeds is to expedite the sale / reduce the chance of them later protesting the sale. Plus, an added bonus is the registrar / dropcatching service can better isolate themselves from liability.

As it stands now, many drop services choose to wait upwards of a month before offering expired domains for sale. Having such an agreement with the registrant in advance would greatly reduce that time.

And greatly reduce the numerous dropcatcher registrant reversals - many dropcatchers, even longtime ones, are often caught off-guard when a reversal happens; it's one of those things buried in the fine-print - often not cast in stone either, since there have been reports of some reversals happening months later.

Ron

 

[WordWalker]

One more point, this won't change the nature of drop-catching. It only speaks to the issue of where the proceeds go. Why such a strong reaction where the outcome benefits the domain owner who had the vision and made the investment in the domain to begin with?

We're talking about enabling a simple administrative function that would favor the existing owner of the domain name. What's wrong with that?

 

[mis_chiff]

Sorry if this sounds like a noob question/comment, but I'm not sure I
understand what you are saying.

If I let my domain expire, I should still get proceeds from the sale
when it's sold by the registrar?

Can't sell it while I own it...so let the registrar do it after I've let it go?

Now there's a thought!

 

[WordWalker]

Sorry if this sounds like a noob question/comment, but I'm not sure I
understand what you are saying.

If I let my domain expire, I should still get proceeds from the sale
when it's sold by the registrar?

Can't sell it while I own it...so let the registrar do it after I've let it go?

Now there's a thought!

This question really speaks to issues of fairness. Clearly, expired domains are being sold by several companies, and they are making millions of dollars through the process. A soon to expire domain name can be sold just as easily on behalf of a domain owner as a soon to be deleted domain name can be sold for the benefit of a registrar or other third party.

Is there any reason that a tool should not be developed and utilized to give the domain owner first bite at proceeds from the drop-catching apple? I'm no noob, but someone who understands when a third party is acting for their own interest instead of mine. When drop-catching began, the infrastructure and technology did not exist to create automated functionality that would benefit the domain owner. It does now.

Imagine a stock broker saying, "Well, if you had only called me before that option expired, those proceeds would have been yours, but you let it expire, so the brokerage is taking the proceeds. You didn't sell it when you owned it, so don't expect us to automatically execute the sale and deposit the proceeds in your account."

What a concept! (Except that is exactly what the brokerage does for the benefit of the client before the option expires).

 

[SpareDomains]

There is no reason to let any name expire and wonder if you made a mistake by not renewing it. You can start your own auctions through snapnames with moniker registered domains and even better any domains registered at fabulous go to namejet if you select this setting in your account and you do receive 60% if they get picked up at auction, if you plan on dropping domains Fabulous gets a thumbs up as far as I'm concerned.

 

[WordWalker]

There is no reason to let any name expire and wonder if you made a mistake by not renewing it. You can start your own auctions through snapnames with moniker registered domains and even better any domains registered at fabulous go to namejet if you select this setting in your account and you do receive 60% if they get picked up at auction, if you plan on dropping domains Fabulous gets a thumbs up as far as I'm concerned.

I didn't know that Fabulous offered this option. So the shift is already underway. IMO, it seems like the fair thing to do. In time, it will be registrars like this that get the lion's share of the business. I'll be watching for Moniker and GoDaddy to follow suit in the future (or to explain why if they choose not to). Thanks for the information.

 

[GreenGambler]

even better any domains registered at fabulous go to namejet if you select this setting in your account and you do receive 60% if they get picked up at auction, if you plan on dropping domains Fabulous gets a thumbs up as far as I'm concerned.

I didn't know Fabulous did this either.. Very big thumbs up for them, IMO. Too bad all my names are with GD, hopefuly they will eventually offer something like this.

As to the answer in the first question, it is obviously A.

 

[SpareDomains]

more detailed...

https://secure.fabulous.com/informa...a2b624e3be441b4fb3c85c1974d&formdata[qid]=601

 

[gazzip]

Apparently Network Solutions gives a small percentage of what an expired name sells for to the original owner (if they still have contact with them).


.

 

[namenut]

There is no reason to let any name expire and wonder if you made a mistake by not renewing it. You can start your own auctions through snapnames with moniker registered domains and even better any domains registered at fabulous go to namejet if you select this setting in your account and you do receive 60% if they get picked up at auction, if you plan on dropping domains Fabulous gets a thumbs up as far as I'm concerned.

This is actually a cool deal. I don't usually check or care about my expired names.
I expect several to be picked up. but for "Fab" to make such an amicable policy
with it's members is brilliant. :imho: I should read my "agreement" better.

REPS on the way ....

NN

 

[WordWalker]

There is no reason to let any name expire and wonder if you made a mistake by not renewing it. You can start your own auctions through snapnames with moniker registered domains and even better any domains registered at fabulous go to namejet if you select this setting in your account and you do receive 60% if they get picked up at auction, if you plan on dropping domains Fabulous gets a thumbs up as far as I'm concerned.

Rep'd!

 

[DubDubDubDot]

In time, it will be registrars like this that get the lion's share of the business. I'll be watching for Moniker and GoDaddy to follow suit in the future (or to explain why if they choose not to).

I will say this. You .tel supporters have a unique way of causing the fail to spill out of the .tel thread and into other areas of NP.

Dongsman explainted it well, and your response is that people will transfer good domains in? Think about that for a second. Who has a great domain and decides to transfer it so that they can get a cut of the expiring auction when they let it expire? YouTube - Back to the Future REMIX "Think, McFly, Think!"

I'll add that NOBODY is going to register a domain thinking ahead that they are going to get something from the expring auction. People are too optimistic about new domains to even think about failure.

 

[Mike Robertson]

Hi guys,

Just wanted to clarify, customers have to opt into this program, and those that don't, the domains will go through the normal delete process.

If anyone wants their account set up to send their expiring domains to NameJet, please let me know.

Cheers,

Mike
Fabulous.com

 

[WordWalker]

I will say this. You .tel supporters have a unique way of causing the fail to spill out of the .tel thread and into other areas of NP.

Dongsman explainted it well, and your response is that people will transfer good domains in? Think about that for a second. Who has a great domain and decides to transfer it so that they can get a cut of the expiring auction when they let it expire? YouTube - Back to the Future REMIX "Think, McFly, Think!"

I'll add that NOBODY is going to register a domain thinking ahead that they are going to get something from the expring auction. People are too optimistic about new domains to even think about failure.

Dub, I want to believe your comments are credible, so I will once again ask you to post a list of your top 100 domain names. This list will help me and others assess your judgement, skill and competence as a domainer better than any post you could ever make.

As you've seen from many of my postings, I am never reluctant to post my domain name registrations in this forum. In fact, anybody is welcome to look through the last several pages of Your Reg Of The Day to see names I have registered for future development. Maybe I'd take back a few if I could, but overall, I work very hard to find them and believe development prospects are bright. Plus, they help balance the risk of non dot com domains that make up a very small percentage of my company portfolio.