Well, that is what an ignorant wannabe domain buyer wrote after he lost an auction at SnapNames. Here comes the story:
Apparently, the individual came across an appealing domain name which he saw was about to delete. He then did some research (including the reading of old articles from 2005) to find out he should go to SnapNames to secure the domain, because SnapNames was the “leader” in this field.
But when he backordered the domain, it turned out that, and this came as a surprise to him, he wouldn’t get it right away. Now, what did he do? Instead of reading SnapNames’ FAQ or terms of service to learn more about the backorder process, he was getting angry, of course. After all, he writes, it was him who discovered the domain first. On SnapNames’ website it clearly says that domains which are successfully backordered will be sent to auction. Anyway, he did decide to bid in the end, because he really wanted the domain name, but when bidding approached $1,000 he stopped and lost the auction.
On his website he writes:
This domain is worth much more than that in the domainer world, so beaker [the other bidder] got a pretty great deal. Thanks to SnapNames’ greedy handling of auctions and backorders, combined with their leading position which makes the most powerful of few options to catch an expired domain, beaker took the name from me. SnapNames stole my backorder, and put it up to resell for more.
Even funnier, his comment on the other bidder:
How did this person even know to go after this name on SnapNames?
It’s just frustrating to see uninformed people write negative things about companies in the domain industry, just because they don’t understand an issue or because they’re angry about domain investors and large corporations holding valuable domains. Even more frustrating, is that the article has already been digged 485 times and is likely to misinform even more people.
The domain industry works just like any other business. The bidder who is willing to pay the most gets the domain. This is not unfair, it is common sense. Would you go to the owners of the buildings on 5th Avenue and complain, “Hey, I want that land”? I guess not. It’s the same thing with domain names. If another buyer is willing to pay more than you, you won’t get that domain. Equally as frustrating, many people from outside the industry complain about all the good domains being taken since the 1990s. That’s what I call a first-mover advantage. Those who were the first to recognize the value and importance of a good domain name bought domains before others did. Common business sense again. This is nothing shady, it is business like in any other industry.
(via DomainState)
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lol! that’s one funny story.
Thanks for a nice morning chuckle. And yes it is sad that so many will read his misinforming article. All one can say to that poor soul of a whinner is – “Here’s your sign!”
Why should SnapNames shop around a name that no one had previously expressed interest in?
The thing is, I can sympathize with him. It happens all the time that you see a domain you’re interested in, but then you find some of the big players among the bidders. This has probably happened to everyone who has ever been in a drop auction.
Trashing a service for doing nothing wrong and simply doing business isn’t something I can sympathize with, however. At the very least I wanted to post a correction.
The only thing that comes to my mind is LOL!
Some people think everything should be handled to them on a damned golden platter.
lol, yeah, people just don’t understand. That guy is nuts. It’s amazing to me that something so ignorant could get dugg. Wait a minute, that’s what 90% of digg is.
Nice story, must be a “Mercedes” driver type guy..!
*cough* – why did´t u put in, Pool afiliate link as well, as an alternative, Dominik?
GreetZ
yeah well he will have the last laugh now that the truth is out regerding the shill rigged halvarez deals at snap names now?
does any one really think Nelson Brady did not cover his ass in some other ways including eliminating domain names he might have thought would expose him?
get serious folks…