Comments on: StripClubs.com: Back On The Auction Block After The Rick Latona Auction For $101K Fails To Close

By: Krispy

Krispy — Fri, 29 May 2009 12:48:36 +0000

No Adam… we had the names for a while.. so must have just gotten re-auctioned..

By: Snoopy

Snoopy — Fri, 29 May 2009 01:03:33 +0000

“The buyer could have closed but needed a little time to come up with the down payment.”

Shouldn’t a buyer have the money to make the down payment when they stick up their hand at auction? How long was given?

By: MHB

MHB — Thu, 28 May 2009 23:29:26 +0000

UPDATE

This domain sold at ebay today at the reserve price of $75K on one bid

By: MHB

MHB — Thu, 28 May 2009 15:08:34 +0000

Rick

Thanks for the explanation.

I know a lot of people were thinking how could the buyer not get financing when you offer financing.

Now it makes sense.

By: Rick Latona

Rick Latona — Thu, 28 May 2009 08:54:00 +0000

I just want to be clear about one point here. The seller pulled this deal. We were going to get it done.

By: Rick Latona

Rick Latona — Thu, 28 May 2009 08:49:54 +0000

This deal was a complicated one to say the least. The seller was very impatient. The buyer could have closed but needed a little time to come up with the down payment. I was the one that was going to have to finance it and I wasn’t willing to finance it without the down payment. It isn’t really fair for him to throw me under the bus like this. It would take me all day to type up all of the things that went wrong with this transaction.

I can tell you that we go through extreme measures to make sure we close as high of a percentage as possible and at each auction we never have more than 1 or 2 deals that unwind. We are the only auction company that finances our buyers. We work hard to keep things moving forward.

Monte’s point is really correct. Very few transactions don’t close. It’s time that killed this deal just like he pointed out is often the culprit.

By: Adam

Adam — Thu, 28 May 2009 02:07:01 +0000

Krispy did you buy the .mobi at that auction ? This was in an email sent from Moniker themselves because the names were re-auctioned.

By: Krispy

Krispy — Thu, 28 May 2009 02:03:03 +0000

ummm.. regarding last comment.. I don’t think this article is very accurate at all.. I own one of those mobi’s and I am not remorseful at all.. just trying to guage where the market is at on these names.. I bought into a batch of .mobi’s purely as a punt.. nothing more,anothing less.. I certainly am not selling due to financial constraints..

Also, regarding the comment on the question from Phil on the whole eadultclubs.com vs stripclubs.com.. pretty much agree with fresh avails comments, but want to add a bit more.. you could also buy the stripclubs.com and just keep building the platform.. i.e. have a name you have put sweat and tears into, AS WELL as getting a good type in genric traffic driver.. and don’t worry about poss. advertising issues with the name, can simply redirect it to you eadultclubs.com so even thought punters are looking for strip clubs, your advertising partner sees a landing page of eadult etc.. I would even suggest that rather then pump profits into more site building.. go on a ‘type in’ spending spree.. by typos of the names etc and just build the organic traffic for a while.. you might even find that if you can get a good adv. partner, that you can convert better than a park. co. page.. which means you are buying those parked names you want for your stable at much cheaper prices… (but then.. I am a typo ‘slut’ .. i only buy typo names… they are just so much more reliable and sustainable!!.. good luck with it.. whatever you do!

By: Adam

Adam — Wed, 27 May 2009 20:36:18 +0000

The problem with a bidder backing out on names they won is you never really know what other problems that may have caused.

I think these people need to be named so that we have a list of deadbeats.

Remember this one : what happened to this bidder ? sued ? What about the other names they may have bid on yet didn’t win. They potentially cost someone lots more money right ?

http://www.domainnamenews.com/domain-aftermarket/mobi-buyers-remorse/1300

By: FreshAvails

FreshAvails — Wed, 27 May 2009 20:29:03 +0000

It depends on how profitable you are and how profitable you think you can be. StripClubs.com is easier to remember, easier to market, easier to own the mindshare, easier to type and easier to understand. All those are + over your current name. If you think the opportunity for you directory is a factor larger than $100 k, it would be a sound investment. Other factors are also the ability to knock out competitors from occupying that space.

One issue to factor in is that many of these clubs don’t want to be considered a “Strip Club” even if they are, so may limit your direct partnering opportunities.