Several years ago when I started the PodcastAwards.com website I made the mistake of not registering one of the domain derivatives. It was bought later by a Chinese domain squatter. I offered a decent offer at the time to buy it and never heard anything back from the squatter.
Over the past week I have been working through Sedo to try and buy the domain. I’ll be straight up these folks appear to be part of the problem. They had the audacity to tell me a secondary domain of which I own all other derivates was worth $5000.00! I laughed when I saw that. Anyway I put in what I felt was a fair bid. But it should not come as any surprise that the owner wanted $5000.00.
The question I have to ask is this, did Sedo tell the owner that they thought the domain was worth $5000.00? I don’t need the domain that bad and being I own all of the other derivatives it really does not mater.
I’ll be honest I like the GoDaddy domain auction system better and have probably picked up twenty domains through their systems at a fair price. Their system allows me to see what the seller really wants for the domain and their is no human in the middle.
Be careful with the Sedo folks because I can guarantee you I will never try their service again.
Honestly! Todd made a mistake and someone jumped on it, that is how it is in many ventures in this life, the guy has the right to own that domain and charge whatever he wants for it, that doesn’t mean Todd has to buy it and frankly I wont be surprised if the price goes down once Todd said no.
Business is Business and NOT fraud, dirty business yes maybe it is but it is nothing that Trump himself wouldn’t have done.
This no surprise. Many Chinese have made a living off of fraud of the Western world.
Think Melamine in wheat shipped here from China and used in pet food. This is an ingredient that goes into plastic and is highly toxic. There’s some thought that they did it on purpose to make their wheat worth more.
Look at the many MMORPGs where they “farm” the virtual money and sell it for real money, which is against the EUL of most games. It’s sad that they can do so and make more than working a traditional job there.
Chances are, the domain squatter was asking the $5000 because that’s what he thought he’d make in the next 6 months to a year off of it. He’ll most likely throw a bunch of advertising on it and hope that people click the links. What a sad little man….