Home Blog Page 179

RDNH Finding without a Response to UDRP

Elliot Silver
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I think having a good life is the goal for most people. Who doesn’t want to have a good life? A UDRP was filed against the generic-sounding GoodLife.com domain name at WIPO. Unfortunately, seeing a UDRP filed against a valuable domain name like GoodLife.com is not a surprise. The UDRP decision, however, was surprising to me.

For whatever reason, the domain registrant did not file a response to the UDRP. Generally speaking, this does not bode well for the registrant because the complainant can say what it wants without a rebuttal from the registrant. In this UDRP proceeding, not only did the complainant lose, but the panelist ruled this was a case of Reverse Domain Name Hijacking. The UDRP panelist on this case was Assen Alexiev.

The UDRP was unsuccessful because the panelist found the domain name was not registered and used in bad faith. This is a requirement of the UDRP to succeed. Here’s what the panelist wrote in that section of the UDRP:

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How You Can See if Someone is Paying at Dan.com

Elliot Silver
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After a long and sometimes contentious negotiation to sell a domain name via Dan.com, it can be a bit of relief to receive the “Counter offer accepted” email. This email indicates that the buyer accepted the counter offer price, and the domain name is now pending sale. It’s not yet time to open the champagne and light a cigar though.

Getting a buyer to follow through with the deal and pay for a domain name is an important next step that can be stressful. It can take some time for a buyer to submit payment, particularly for a large amount of money or if the buyer is from a large company that has some internal red tape for payment submission. it can also take some time for Dan.com to process a payment, particularly if a wire transfer payment is originated from a foreign bank.

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Backorder & Monitor Your Friends’ Coveted Domains

Elliot Silver
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I rarely do domain name consulting. When a friend or friend of friend needs some domain registration or acquisition advice, I am happy to chat with them if I am able to offer advice or insight. Beyond that, I am a hard no when people ask about domain consulting.

In the past, I would chat or exchange emails with these acquaintances a few times, and maybe I would follow up down the road if I recalled our discussion to see if they were able to get their coveted domain name. Since I did not have any sort of vested interest in their acquisition, their needs would generally fall off my radar shortly after chatting.

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Did Rakuten Pay $260,100 for Link.Link?

Elliot Silver
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A domain investor posted a screenshot from Escrow.com that reportedly shows the Link.Link domain name was sold for $260,000.

According to the screenshot, the buyer is Domain Licenses Limited and the seller is eName Technology, Co., Ltd. The sale date is not shown in the Escrow.com screenshot. Using the Whois History tool at DomainTools, it would appear that the transaction was from 2020. The Whois record for the domain name appears to have changed from a China-based domain registrant to Domain Licenses Limited in August of 2020.

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Dropping BTC Price Not a Good Excuse to Default

Elliot Silver
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After a short negotiation on Dan.com last week, I agreed to sell a domain name for six figures. It’s a domain name I had discussed with this prospective buyer before, and he accepted a counteroffer I made on May 4th. I was hoping to close the deal promptly to fund a couple of other purchases I have in the works, but it has not yet closed.

My Account Manager at Dan.com has been keeping me apprised of the transaction status. It appears this deal may not close. The buyer wants to pay for the domain name with Bitcoin, which can be done via Dan.com. Unfortunately, the price of Bitcoin has taken a hit over the last several days. Around the time of the sale, Bitcoin was hovering just shy of $40,000/coin. The price of BTC is now around $33,000/coin. I am told the buyer indicated he can no longer pay for the domain name due to the dropping price of BTC.

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How Many Hours a Week Do You Spend on Domain Investing?

Elliot Silver
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Over the years, it feels like I have been spending less time working. I think I can attribute this to a maturing business requiring less time to operate on a daily basis. I have built a daily routine with only slight deviations. I feel fortunate to have a super flexible schedule, and while I may always seem to be working, I wanted to make a guesstimate about how much time I actually spend working. For the sake of understanding a bit more about my business, I have somewhere in the ballpark of 1,500 domain names, and I have been buying a higher quantity than I am selling – growing from about 600 domain names several years ago.

Every day, I spend some time reviewing auction lists, doing acquisition research, and placing bids on domain names. Depending on where I am and what I have planned for the day, this can be as quick as a half hour or possibly a couple of hours. I would say on average, I spend about an hour a day doing this – every single day. 7 hours total

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