The old too good to be true thing works in almost every situation. When you find a name that is listed at BIN but missing a zero, especially by a big company, almost everyone would jump on it. Even when you know its too good to be true. DomainNames.com was listed accidentally at Web.com for $2600 at BIN and of course it got jumped on and purchased. A name that is probably a six figure name and anyone in this industry has a bit of knowledge about value could see it. No doubt the buyer knew it was a mistake and hoped it was one that would work in his favor. Once Web.com figured it out they reversed the purchase and refunded the money. All except the hosting plan that was attached to it.
In no way do I blame the buyer for buying it. It was there for the taking. I also think he needs to be compensated in some way. Not a ton, but something. When you make a mistake there needs to be repercussions. Web needs to be out some money. I just don’t think the payment needs to be great when the person on the other side knew there was a mistake going into the purchase. My feeling is that no way a judge turns over the name and the cost of a lawyer may be more than the resulting reward.
I’m not taking sides here. I know I am going to be criticized for siding with the “little guy” vs the big guy. But I don’t look at things like that. I try and look at things unbiased with no regards to who is on each side. I am merely saying that accidents happen. And the resulting compensation needs to reflect the damage caused to a person. I don’t think the damage was all that much. His time was wasted and maybe a little emotional damage. He was probably pretty excited to see that name in his account. But it was too good to be true and again, when this is the case, expecting great things is not wise. Here are today’s names, Click on them for current price
Quote of the Day: “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price” -Warren Buffet
Domain of the Day: ReclaimedLeather.com Had no idea how big of a market this is
Namejet and Sedo Names at Auction
Itun.com I saw it as a CVCV but when I Google it iTunes comes up so typo as well
MillonStar.com Upgrade name for a few entities. Also a Taiwanese singing competition. Also knows as A Million Star
BluesBar.com I see this more as a marketing name than a site name. And a good marketing name it is
LowCostDomains.com Start your Dollar Store of domains
Infusing.com I like the name but someone likes it more than most. Moved it all the way to reserve early
Splab.com Used to be able to get this type for $69. Not now
TouchOfSpring.com No bids. Nice fashion or design brand IMO
SafetyAudits.com It’s much cheaper to think safety before there’s a problem then being forced to afterwards
VeganLiving.com Only one way to live baby!!!!! Plant Life
FW.net The big boys are coming out to bid on this one
Painful.com Met reserve so it will sell
Godaddy Domains That I Like With Multiple Bids
PoshNosh.com 1998 birthday. Was also a British parody cooking show. Upgrade name for a few other places
Allington.com A city in England and a family name so quite a few things that share the name
FlightX.com Love these types of names. Throw and X on the end and you have a brand. Unfortunately many others like it
JPSCoffee.com you can buy this and squat. No other uses but the people that worked hard to build the name
FKKJ.com “Bad” letters are Chinese favorite. The price says its going to China
DSFR.com I’d much rather have this cheaper name
DBKF.com This is OK but same thing as the first. The Chinese are going to like the K more than you
StyleCentral.com Great fashion name. I can see this hitting four figures
BabyShowerGift.com A bit generic but good keywords
UncertainTimes.com Pretty sure all times are uncertain but we all like to complain ours are more uncertain
CoinReporting.com and CryptoPayment.org A few crypto names for the crypto people to get giddy over
TropicalVacations.com Sounds so nice. And that’s why it has value. A dream vacation for most is to a tropical island
VirtualCounseling.com No reason why this wouldn’t work
ModernBuilder.com Builder names always pick up when the US economy picks up. Building is back and strong
WestMag.com Short for West Magnolia which is the name of several entities
ActofValor.com Sounds like a movie with Willem Defoe
NCrowd.com Everyone wants to be in the N crowd
Godaddy Names With One or No Bids
CoffeeMugs.net If you like Baby Shower Gifts then you have to like this for the same reason. Keywords outweigh the .net
ForYourOwnGood.com What parents tell their kids when they restrict them from doing something
Dourly.com It’s a dictionary word. But nobody knows what it means. No bidders
LiveField.com Watch a game live online
SharpServe.com Hosting and server name with no bids
80Cent.com Fitty’s older brother
ChangeMyLife.org Name works perfect with the dot org $12
WineCrafters.com Making good wine certainly is a craft
5Words.com I think I will pass
TinMint.com Doesn’t really mean anything. Just a nice short brand
ScratchTheDog.com Sounds like an up and coming band
Krulla.com Nice little pattern with no bids
DickGrow.com because you know that some people are going to believe it works
Godaddy Names With Bids
119186.com
777098.com
939799.com
999263.com
AfterlifeTheFilm.com
AlbanyEdge.com
AppStudy.org
BeyondGolf.com
Bingdoo.com
BitCoinCashless.com
BrewControl.com
BTEServers1.net
CampbellMotorsport.com
Caribank.com
CJLBaseball.com
ClassicTown.com
DailyFusion.net
DatingCredit.com
DealsForMen.com
ENES.net
EstateMaids.com
EventHeadquarters.com
FantasyFeud.com
FBApps.com
FinanShaber.com
FloridaBeachesToRivers.com
GazeboNews.com
GuthrieCastle.com
IbizaGuides.com
ihealthbulletin.com
InfinityVideo.com
Jamshid.com
Keno-Casino-Game.com
LandLording.com
LEDHD.com
Leechd.com
LoanRush.com
MasterStove.com
MeChemLaw.com
mylocalhealthguide.com
Peat-Portal.net
Pinxindz.com
PrimaCab.com
RealityTools.com
RoyalLEDGrowLights.com
SecureInsuranceQuotes.com
SocialSpotlight.com
SoHelpful.me
SoYoureEngayged.com
StudentHousingAdvice.com
SurveyLearning.com
SwitchMoon.com
TeamAllStars.com
Theoche.com
VenueOneChicago.com
WillCart.com
WindsorSeniorCare.com
Woroyal.com
xm222.com
f you have an auction you want to promote, email us for details.*All names chosen by me Shane, or Josh . (ie you click through and purchase a name you like) or an occasional paid listing. Everything I say is based on my own research or is opinion. Do your own due diligence. That means look it up yourself if you don’t think the stats or my opinion is correct. I hand choose my names but I am paid to make this list by the auction houses, individuals that are auctioning names, and Godaddy affiliate links. Keep that in mind and only buy names that YOU think are good
The funny thing is that if that BrandConsultants.com guy would not have broken the story it might have gone under the radar and the buyer might have got away with it and transferred the name out when the time came. But with all the publicity surrounding the name obviously somebody from Netsol saw this and fixed it.
Better to buy a wonderful name at a fair price….
If I put the wrong price on a BIN sale at Uniregistry or Afternic for instant transfer, and the sale completes, should Uniregistry or Godaddy reverse the sale for me? Web completed the sale, automated or not, so should honor it. What is to prevent Web or anyone else like them from doing this again if they decide after the fact that the price was $1000 too low, $10,000 too low, $100 too low, etc.? Buyer simply followed Web’s buying process for a listed name, where is the accountability? Selling names then pulling them back out of accounts just because they are a big company who can is pretty dirty. How can anyone trust Web.com if they pull stuff like this.
You are both correct. As a person that has made mistakes I’ve never been a person that wants to make money on someone’s mistakes. This was a glaring mistake and the person bought it only because it was a mistake. Not a good deal. A mistake. The big company thing means nothing to me. There are humans behind it. Any size company or person who had to the chance to pull the name back would have done the same thing.
And yes I know. That’s life, that’s business. Mistakes happen and there are repercussions.
Have to agree with @domains above. Let’s say Google were launching a registrar and they thought they’d go with the generic DomainNames.com, I wonder if the sale would have been reversed then. I’d have sympathy with a granny who listed the name and misplaced a decimal point but not with a company operating in the industry.