What a Ripoff!

25
2.1K followers

No, I'm not talking about WA ... this is my family.

Last night I decided on a "dot com" name for a new website in a very narrow niche. Jaaxy says 1230/210/81/93 not bad. And the "dot com" is available (per Jaaxy). I put it in Google and nothing appears.

So I slept on it and awoke with the idea that this is a go for me!

This morning I went to NameCheap (and others) only to find out the domain was not available but for sale.

I was directed to what looked like a broker's site asking for an offer. I put in $20 instead of the normal $11.48. Answer back ... get real! ... these domains sell for thousands of dollars!

Since it is not active I went with the "dot org" domain. It's more authoritative for my niche anyway. So who wins?

Anyone else call this a ripoff? Anyone else have this experience? I'm madder than h#%l!

This sort of activity should be stopped somehow!

Cheers all,

Joe

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Recent Comments

86

No. I am not, Corey. Are you one of those people who buys up domain names and never uses them except to sell them back for thousands of dollars, Corey ? I don't appreciate your sarcasm, Corey.

Let's not worry about it here John. Sorry I even brought this situation up now. I didn't realize there were supporters out here of this type of activity....

John, no I don't think there is anything wrong with 'trading' in domain names. Also I was not being sarcastic with 'you'. This maybe your perception, but it is not the reality. The owners of Wealthy Affiliate have engaged in 'domain trading', and so have I. There is nothing illegal about it, and we have done nothing wrong.

In fact I have LOST more money than I have made engaging in domain trading, and therefore other people have capitalised on my inability to accurately prospect within this market. Do you see me having a cry about it? No. I move on and make money on other ventures. It is called being an entrepreneur, something you are clearly yet to understand.

Putting forward the idea that only 'dealers' can trade domain names as opposed to individuals is insane and completely undermines the idea of free trade. How can you even justify that comment? Are you saying that people should not be allowed to be one man band self employed too? This is effectively what you are saying. That Joe Bloggs can't sell tid bits on the internet unless he is classified by some governing body as a 'dealer'. How very democratic of you (now that was sarcasm, lol :P).

This is just my opinion and I am perfectly entitled to it, just as you are yours. Judging my your reactions to my comments it isn't any wonder you are struggling with these concepts.

Anyway I will not respond any further as my points, yet again, are being completely overlooked by both you and Joe and I feel that I am, yet again, completely wasting my time trying to educate you. If you guys want to learn how to make money online from people that actually are making money online you need to stop being so defensive and actually take on board advice. This getting offended at the drop of a pin when someone does not agree with you, or offers a difference of opinion, is completely ridiculous.

Also Joe, calling people 'thieves' for trading in domains is completely offensive.

I think everything in this world is monitored. Sorry to say your mistake was sleeping on it.I have had patent searches stolen in hrs. Next time you find those numbers buy it immediately, even if you never use it, so you loose $13, but the time you get what you want will outweigh the losses,
Best Regards

Thanks TBones. I guess I'm from the old school ... back in the days when people had morals. But you are right, act before the thieves come upon you. Thousands, really? The laugh is on them ... they will never sell that domain!

That will tick you off all right. The only way I can see of fixing it is if individuals can no longer buy them from another individual. All deals would go back and forth between the dealers. If you want to sell it, you sell it back to the dealer. But nobody is going to change that. Too much trouble. Too much apathy. Too much greed. Besides..."Who cares about Apathy?" Good luck.

You're right John. Appreciate your comment!

I don't understand this comment, unless of course you are a shareholder of one, or all, of the domain registrars. Are you by any chance? By cutting out individual traders all we would be doing is fueling the multi-million dollar domain registrars that dominate the domain market...

If your idea was implemented this would completely contradict free trade. Why should individuals have to be big corporate organisations in order to be involved in trade?

This comment makes no sense to me.

I agree.

Thanks John!

Its called 'prospecting' and people do this in all walks of life. Even Kyle and Carson engage in 'domain flipping', I have read eBooks and posts written by them about how they do it ;) This is part of what the Jaaxy Tool has been designed for.

Thanks Corey ... yeah and people prey on the homeless as well. Anything to make a buck...

Insider trading is illegal...that's about what this is.

You know what, that is a fair comment, I would not compare it to preying on the homeless though, lol, but it does have a touch on unethical behavior to it (if domain registrars, or 'keyword research tools' are buying up these domains off of 'instant-alerts' that is). I think where this IS happening it should be clearly defined in the terms and conditions of the service to which you are engaging.

However I don't believe most services act in this manner.

I know with most popular domain registrars the moment you search for a domain name, and it says that it is available, it is yours for the taking, it is 'locked down' for that moment (so to speak). If you don't buy it then you risk someone else buying it, this is savvy entrepreneurism.

It would be like you discovering what you think is a really good deal on a car that is for sale on the side of the road. I hear you talking about this 'deal' to someone else and follow you to the location of the car when you go to check it out. You um and err with the seller but ultimately don't buy it and go home to 'sleep on it'. Meanwhile I approach the seller, buy the car and put it on eBay with a mark up the next day. This is not illegal, it happens everyday, and there is nothing wrong with it. There is also no guarantee anyone will buy the car for anymore than I paid for it, they may even pay less. This is the breaks, this is 'prospecting', this is business, and ultimately this is life.

In short the people that buy and hold domains often buy and hold hundreds, if not thousands, of them. Always in the hope, 'prospect' that they will make a profit. Often the profit from one domain sale is completely eradicated by the inability to sell all the other domains they have bought. Either because they can't sell them at all, or because they can't sell them for a profit.

Savvy Entrepreneurism? Funny...

One last thought Corey. When I pay for a service such as Jaaxy $20 a month I expect my searches to be confidential. If not, and my information is leaked out to people like you (since you are in the domain flipping business), let the community beware.

I have no idea if 'search information' is being 'leaked' out of Jaaxy, I dare say it isn't, it certainly is not being 'leaked' out to me. However Google openly provides anyone who wants it with 'search information' everyday. What on earth do you think the Jaaxy tool is used for? You do realise that Jaaxy derives its information directly from Google right?

Also what sort of person do you think I am out of curiosity Joe?

Also please refrain from telling me and other community members what type of 'business' I am in, unless you have your facts straight. I am NOT in the domain flipping business, I am involved in many types of business practices but domain flipping is NOT one of them.

Then what does this mean?

"In fact I have LOST more money than I have made engaging in domain trading, and therefore other people have capitalised on my inability to accurately prospect within this market. Do you see me having a cry about it? No. I move on and make money on other ventures. It is called being an entrepreneur, something you are clearly yet to understand."

It means I WAS involved in domain trading (flipping), but I am NOT now.

Yeah, I've had this happen a few times. I wouldn't necessarily call it a rip off... I would call it a smart business move on the part of people who are in the business of buying and selling domains.

Not worth my money - like you said, either choose a .org option or a different name, but that's all part of the online marketing business.

Thanks Stephanie ... you make a good point!

Cheers!

I heard a long time ago that sometimes when you search for a domain it alerts registrars that someone searched for it (I can't remember the details, it was so long ago) and then it can be purchased straight from under you. I use NameCheap and that company has worked well for me. Sorry to hear this happened.

Thanks for your comment! Just don't seem right!

Unbelievable!

Thanks Byron. Guess there is a lesson to be learned here!

In Godaddy it says domain is available but has the domains listed there so you can see how much you have to pay for it. Sometimes thousands of dollars. I think people just find a good keyword, buy the domain for $10. then try to sell it for lots more. Annoying to say the least.

Thanks Graham ... freakin thieves on the internet!

Yup, been there and seen that before... I know just what ya' mean, Joe!

What can you say? Hey thanks for your comment!

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