Buying and grabbing domain names
I was surprised when Snapnames (a domain drop catching service) sent me an email last week concerning a .org domain which I’ve backordered last year has dropped and was successfully captured. And since there was another person placing the same order the domain was entered in a private auction between us (the domain goes to the highest bidder and Snapnames earn more moolah!). Luckily there was no bidding war and I won with my default bid of $59.
Since now I own the .org name I might as well try and get the .com and .net version right? Too bad for me the *.com name is under the ownership of a cyber squatting company, unless I pay a premium price of five digits and above there’s little chance of me ever getting it. A quick search for the .net version brought me to a Sedo (a marketplace for buying and selling of domain names) listing. The owner wanted to sell the .net name for $60 which I promptly offered. After a few days of anxious waiting the owner finally replied with a counter offer of $1K, which is quite disappointing since he clearly state on his listing his “desired” price was $60. So now we’re counter offering each other with a preferred selling/buying price. I’m hoping he will settle for a lower price but judging from his replies it won’t be happening any time soon.
The domain name is nothing to shout about, I’m not even sure if it’s a good investment. It’s related to a hobby and quite popular in Asia. Do I even have the time to develop it? Will update this post once I’ve acquired the domain.
** Update 2nd August 2008
Finally the domain has been transferred to my registrar. Bloody Network Solutions took a full week to release the domain! The final sale price of the domain is $750. Decided not to develop it for the time being, will try and grab the .com version in the near future.
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