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two Problems with the Domain Industry & How we Fix them! | The Gremlins Umbrella Authority
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Problems with the Domain Industry & How we Fix them!

December 20, 2008 | Written by -GRUMBA- | Topic: My Views | Comments (0)

If someone came up to you and hit you, you would not be too chuffed ! If someone came up to you and flamed you or your family, again you would not be too chuffed !
In a recent blog post Rick Latona outlined how an internet user could be anyone, or anything. In reality when communicating with any entity you can not be sure exactly who you are dealing with unless you personally pay them a visit.
I do however feel we should not have to visit a person prior to communication, or business. Scams and conflict simply should not be happening.

Nominet the UK domain registration body has a membership system. ‘World of Warcraft’ utilizing a small electronic device which connects to a satellite, and generates a unique security code used to login.
I imagine 99% of domain thefts would not be able to occur if top registrars implemented these systems. I am suprised they have not already.
Someone posted about moniker MaxLock for your whole portfolio: only $200 or so, a cheap price to pay to protect your portfolio. I disagree, it is not cheap when the above method would work a lot better, and be a lot more secure. It seems to me like a money making ploy in disguise!

Reece has created Domain Name Scams, a website outlining how to protect yourself from scams in the business. A useful, and helpful resource. However I think money would be better spent, and time better used to contact registrars and prevent scams before they happen.

So we have removed the scams from the industry.. what next…

General Conflict.
I have made a few offers on domain names. 2 out of my 3 offers resulted in deals, the 3rd resulted in a stream of pointless abuse. I was told that when instigating negotiation for a particular domain, evaluate its value to you, and then take 20% off. I did this, and off went my email.
I waited…, I waited some more, and then it arrived. My response!: Flame, flame, flame… No!
Now I simply ignored this email. I clearly was not going to accquire the domain, thus why waste any further time. I have however on numerous occassions seen people post about abusive responses they have received.
If you dont want to sell your domain, you dont have to. Just reply politely saying No, or ignore the email. A response however, is always courteous. You lose nothing but 2 minutes of your time, and in my view you maintain your integrity, and respect as a professional.
In my opinion if you flame people you instantly lose your chances of success in the business.
One thing that strikes me. Say a business with no knowledge of domain value emails you an offer of $500 for amazing.com for their brand. If you reply flaming them, they will not deal with you. If you reply explaining that the domain name has significantly more value, link them to dnjournal, and post a price expectation, then they might realise the true value of the domain. For all you know they are a multi-billion dollar corporation who now with this additional knowledge WILL offer you $1,000,000. Dont waste opportunities.

My third pet peeve with the current state of the industry is ‘Tosh’.
On every domain forum there is a subforum for Tosh/Rubbish, however it is disguised with a descriptive name such as ‘Domains under $100′. This really annoys me. If the owner of cat.com wants to sell his domain for $99, then strictly it should come under this forum. Great! I imagine we would all rush to post BIN. Unfortunatly this is not what is normally posted. We get x79.net, fujik.com, guwe.net etc
Now I myself do not want to be blunt, and/or induce conflict BUT the only way you are going to make money with these names is to hold them, and hope that by some miracle they increase in value. If a domain is not worth more than $50 is it really worth the time, and effort associated with the registration, renewal, sale, and transfer? In my opinion No.

In my opinion Namepros is the best for news, and news discussion along with these low end sales. Although I am not currently a member, dnforum looks to be the place for high end sales. I was always told to choose a niche, and stick to a niche. These forums would be much more successful In my opinion if their niches were ‘High end, and Low end’ respectively.

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