Broker That Domain!

In working inside the domain world, people become independent business men (and women) without even knowing it. Internet individuals of every age and rank, teenagers, men and women acquire domain names and offer them for sale constantly, yet they seem to maintain a sort of naivete about the fact that what they are really doing is functioning as their own carnival barker-cum-insurance- salesman. This carries risks which the domainer (possibly unknowingly) is assuming.
Brokering your own domain name sale can have its challenges. Escrow services have popped up online and established a benchmark many domainer trusts. These domain name escrow service companies work to form a break against the tide of aggression happening with entrepreneurs trying to vend their names to people who may not even speak their language but understand the value of the domain on offer or up for auction.
In observing a heated discussion today between two bidding domainers in a private auction, I realized the lava was being generated by the fact that the seller’s decision to vend the name had not been covered by a reliable domain name broker service. Somewhere in the bid process, confusion had arisen as to how the domain sale would actually be executed. Suddenly, the history of each bid and the goodwill of both bidders was attached to a wild insistence to doing things “their way”.
This angst could have been avoided by stating as Terms of Sale a named broker service acting as name agent. Otherwise, the tension of a bid/offer scenario is reduced to a clammy sandwich of broken promises, dying away email communications, and eroding forum threads, which might have formed the basis of a profitable domain sale. The world is full of domainers who have been caught up in the bonfire of anxiety, exhilaration, excitement and pure greed a bidding frenzy whips up.
Both bidders wanted to use their own version of a buyer’s contract, which of course didn’t meet with the approval of the seller. The actual excitement of the name and who would win it was mired down in discussions of “Tastes Great/ Less Filling” variety vis a vis online business contracts. The seller was suddenly caught in the crossfire of dissenting opinions due to his own lack of foresight in covering his bases.
How did the sale pan out? It didn’t.
As the discussion wound down so did the eagerness of both domainers to get the name. The seller had lost a good opportunity and squandered the good faith of both customers. The deer in the headlights was the seller, whose paying customers had moved on to greener pastures. The domain name was the unfortunate roadkill meeting its ugly demise by the side of information superhighway.
All this pain and suffering could have been avoided if the seller had just involved a listing and brokering service that would have wrapped up every question in neat set of FAQs. When domains are at issue, good faith and the Internet part company when dollars cross the international dateline. Always cover your bets where a domain registration or name sale is concerned. Always respect the rights of the other (domaining) party in the the transaction. Translated: Nobody “has” to do anything.
Ethical domainers do business this way. (Hint: Don’t look to PayPal to police your four-figure domain sales. ) The benefit of a growing “rap sheet” of successful domain sales at any escrow service is the enlistment of those same escrow services on your behalf in times of trouble. Your good behavior will serve you in good stead when some upstart tries to steal your domain or hijack your site. “Free rent” is a negligible concept where hosting and bandwidth costs are concerned.
Yes, escrow services charge a fee. But so do most non-banking institution ATMs and that hasn’t stopped people from using them. A slice of the action is a small price to pay for delivery of the big bid. If you’ve got online real estate, trust the professionals to turn over the big amounts and rest easy that all is copacetic. Escrow services for domain names transfer the worry of a big dollar domain sale to the heavy hitters who pave the way for a legitimate and legal domain name sale payday.







