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Namecheap Makes 2 Changes to Auctions to Enhance Trust

Elliot Silver
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3

In an email sent to customers this morning, Namecheap announced two changes to its domain name auction Marketplace. The Marketplace platform will assign user badges to illustrate the number of domain auctions bidders have won. The badge levels are Bronze, Silver, Gold, and Platinum. In addition, when an auction winner does not pay, it will be re-auctioned rather than offered to the runner up bidder.

The rationale for these changes is “[t]o make sure the Marketplace remains a trusted platform, and to ensure that each auction is conducted fairly.”

Here’s the email I received from Namecheap explaining the changes that were made and why the changes were made:

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WordPress Introduces “100-Year Plan” Including Domain Registrations

Elliot Silver
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3

In a blog post yesterday, WordPress announced its new “100-Year Plan.” The plan includes domain name registration, hosting, and support for 100 years. The cost is a staggering $38,000 for each plan.

WordPress created a video advertisement for this new service, and it’s clearly not targeting domain investors or domain name portfolio registrants:

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Many Factors Go Into My Response to Purchase Inquiries

Elliot Silver
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5

I have several templates I have crafted to respond to purchase inquiries. These templates vary based on the type of domain name. For instance, inventory-quality domain names have a pretty standard response but higher value domain names are more custom tailored based on the domain name and my history with it.

I change up my templates from time to time to modify them as needed. When responding to purchase inquiries and having subsequent discussions about my domain names, there are many factors that play a role in how I respond to a purchase inquiry.

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Plans.com Sold for $275k via Squadhelp

Elliot Silver
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17

Squadhelp announced that Plans.com was sold for $275,000 via its recently launched Ultra Premium Domain Marketplace. It was the first sale closed on Squadhelp’s high end domain name marketplace. Some details about the sale were shared on Twitter/X by the company:

Squadhelp CEO Darpan Munjal commented to me on the sale:

“The Ultra premium marketplace is still in a private Beta, and the domains can be currently searched via the discovery tools on Squadhelp.com. I believe there is a massive potential for an exclusive destination of top tier domains and we are already seeing quite a bit of inbound interest for higher end domains. We plan to amplify the marketing exposure after our public launch in the coming weeks.”

Once the sale is added to DNJournal’s year to date sales report, it will rank as a top 10 public domain name sale YTD. I added it to the Embrace.com list of recent one word .com domain name sales.

Squadhelp recently announced it would begin accepting listing submissions for its premium marketplace.

Add a Sweetener to Pay off LTO Early

Elliot Silver
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0

Domain name lease to own deals are great. They generate monthly income, and if the buyer opts to discontinue paying, I get to keep all of the payments and have the chance to re-sell the domain name. One thing better than a LTO deal is when the buyer decides to purchase the domain name in full – – earlier than expected.

In my LTO purchase agreements, I give the buyer an option to pay off the deal early at a discount. The buyer can save anywhere from 10-20% of the total purchase price if paid-off early. The discount rate varies depending on my profit margin and the length of time for the payment plan.

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If You Receive a UDRP Threat, Consult with a Lawyer

Elliot Silver
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4

It must be concerning to receive a notice of a pending UDRP. Not only might a valuable domain name be on the line, but an investor’s reputation may also be at risk. If a UDRP is filed against one of my domain names – or even if a threat was made – I would consult with a domain name attorney.

Someone posted about receiving a UDRP notice, and I shared this recommendation. It is a good idea to get educated about trademarks and UDRP filings, but I would always work with an attorney on a UDRP defense or even a response to a threat. It’s not worth complicating my situation by responding to a UDRP or a threat on my own without getting advice from an expert.

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