Beware of Domain Valuation Schemes

A side project of mine that I have kept separate from this site is flipping domain names. I have not discussed this topic here due to the fact it is a totally different beast. However, I recently had an experience which prompted me to consider sharing it with you. I have always tried to conduct business honestly and truthfully and bring to you the good and the bad. This is a tale of the bad.

Why so many people have to be schemers I do not know. I feel personally that doing things the right way gives me a sense of personal satisfaction that I accomplished my goals with hard work and dedication. This is not the case for many I am quickly learning. Heed this warning: beware of those creating domain name valuation schemes. Luckily, I conduct thorough research on those that attempt to do business with me and I have saved myself $1000’s in the process.

A Summary

Through Sedo, I have some domain names for sale. One of these domains apparently peaked the interest of a broker. I received an email expressing his interest and also asking if I had any other for sale and their respective prices. I responded with my domains and the price per name. The response from this subject is what prompted me to do some legwork. He offered $5000.00 for all names and then proceeded to tell me I needed to have independent valuations conducted on my names. He then directed me to a blog(which I found out to be his own) which had 2 companies promoted. If I did not have my names evaluated by these companies, he could not do business with me.

Now, I have my names appraised by Sedo and prices are suggested prices by Sedo as well. I stand behind Sedo 100%. My opinion? So should anyone else interested in purchasing domains. Sedo has been around since 1999 and has a very favorable reputation. I kindly responded to him this same sentiment and said if you choose not to do business with me, it’s all good. I will move on to the next buyer. Are you surprised I haven’t heard back from him? The scam is that these appraisal companies he is promoting pay him referral fees. After you send him the certificate, he informs company he referred you and you NEVER hear from him again.  Dirty tricks.

So, if you are in the domain flipping business, I advise you to do a little research on prospective buyers that contact you outside of your listing company. If you receive an email from a Robert Sedlacek or namepro.com, be very very cautious in your dealings with them. DigitalPoint forums have also uncovered that the namepro website is a phishing site designed to steal your login information. Strive for honesty and integrity in all of your endeavors!