MEC.com a very good three letter domain sold today on the GreatDomains.com Auction for $99,000.
Another great sale for Sedo.
A quick check on Google reveled plenty of company’s that have “MEC” in their company name including MEC Chemicals, MEC Mining, MECGlobal and Mountaint Equipment Coop which owns MEC.ca, just to name a few.
Then there are thousands of other companies whose name can be shortened to MEC like, Mayville Engineering, and Manga Entertainment, any of which may have been the buyer or at least bid on the domain.
Congrats to the Buyer and Seller.
That’s a hefty sale. Also, WLY.com sold for $10,100 at NameJet which primarily caters to domainers. The LLL .com market is definitely on the up and up.
UPC.com was up for bids at namejet for a while until some cheap skate domain investor did some researching and found the previous owner. Only thing he gained was to “notify” them their domains expiring and to let them (cheap skate investor) buy it for a few grand.
The MEC.com sale probably went to Magna Entertainment Corporation current owners of Santa Anita Park racetrack and other ‘on track’ holdings. It would be a surprise if they didn’t have notice of the sale and made sure they got their hands on it before a reseller did.
Gaming, gambling and wagering is going ‘on line’ and think Magna plans to stay in it.
“UPC.com was up for bids at namejet for a while until some cheap skate domain investor did some researching and found the previous owner. Only thing he gained was to “notify” them their domains expiring and to let them (cheap skate investor) buy it for a few grand.”
This sounds pretty smart to me=)
(Too bad it wasn’t me)
Smart yet completely stupid.
The cheapskate domain investor lost valuable time and money.
The previous owner is thankful a cheapskate domain investor contacted him and renewed the domain. 98% of domain owners contacted this method will just renew the domain.
The domain community gained nothing.
The end users lost everything.
If you stupid domain investors stop contacting previous owners to inform them their domain expired, perhaps we might have a chance to bid war over the name. However if it doesn’t go to auction, then we lose a chance of owning a great domain for future resale or development.
For instance, what is the current owner of UPC.com doing with the domain? NOTHING! Exactly my point.
Now imagine all the other great domains that get dropped out of auction because the previous domain owner was contacted by cheapskate domain investors. NOT to be acquired, but to be renewed by the previous owner during the “grace” period.
BRAVO to the cheapskate domain investors who continue to choose this method ~ route of acquiring domains.
In the finale, the end users lose out big time because a great name would 95% be developed into a business or service that could/would benefits millions.
I keep ranting about these cheap domain investors hoping they will eventually see my post and realize what ripple effect they’re causing.
Just bought a fantastic unused domain for nearly nothing by contacting the owner
Signed
Stupid domainer.
Yeah, thats why you posted the domain you acquired and for how much (I see). Can you be more generic when posting? Was the domain going to expire? Was the domain only being parked? Was the domain going to expire and you contacted the previous owner? Can you use your real name and not hide behind Domo with a none.com web address?
I am not talking about general (iLike2BuyCheapElectronics.com), so so (iLikeElectronics.com) or names people think they’re great (OMGthisDomainKicksAss.com and iWantMillionBucksForThisName.com).
Gosh, seriously? Did I hit a soft spot to those who waste so much god damn time and money contacting previous domain owners?
I am talking about PREMIUM domains like UPC.com that was “going” to expire yet a domain investor found out the previous domain owners information and made contact. NOT TO ACQUIRE the domain, but to inform the previous owner it expired!
Attila, So you would rather give Namejet $ 50K instead of offering it to the domain owner. Maybe, you are part of the problem.
Attila, the cheapskate, calm down…you wasnt going to win the auction anyways…you sound like a cheapskate yourself. Who ever warned the owner of upc.com that his domain name is expiring actually did a good thing…you consider it a bad thing because you are the real sneaky cheapskate greedy pig…no wonder you dont own any good domain names…if you help somebody, maybe god will look your way and help your sorry ass out in this domaining world. By the way, some good advice for you…you should let your worthless domain attila expire…you are wasting renewal fees on that sorry name of yours, you greedy little sneaky pig!
Yeah, I would rather give NameJet $50k just so I know I have a “chance” at getting the domain. The domain owner many times doesn’t want to sell and if they do, could be a lot higher then $50k.
Look at FuckMe.com wanting 7 figures and Mafia.com well in 6 figures. You telling me you wouldn’t pay $50k or up for any of these names to NameJet shall they truly expire?
Perhaps you need to realize what you’re doing is selfish and only care about buying cheap domains and flipping them for profit. Making $5k on a domain is nice, but it only lasts you so long compared to a business or mini site SEO’d that makes you $100 to $500 or more a month, for a long period of time. Multiply 10 or 20 or even 100 of these type of businesses/websites with income and you won’t care spending $50k on a domain in NameJet also!
Its the chance to “own” the domain that matters, not getting a freaking deal and hoping the previous domain owner cooperates with you on the level you want.
Let me ask you, how often are you successful contacting previous domain owners and having them actually go through with your offer to buy up their domain they forgotten to renew?
I have a friend of mine, does the same thing and he tells me maybe 1 or 2% of the time he can acquire the domain from the previous owner. That out of 500 domain owners he contacts, he gets maybe 5-10 domains for a few hundred bucks to a couple thousand. However that leaves the remaining 98% to renew the domain and yours and everyone elses chances of owning and developing that domain is lost.
But its ok, you want to save some money, so continue with your methods. I just informed the CEO of NameJet to stop posting premium domains while in grace period so cheapskate domainers don’t / can’t continue this trend. We’re working together so customers like me and a ton of other domain investors who wouldn’t mind dropping $50k would actually have a “chance” to own premium domains.
@Anunt
I am so sneeky and greedy because the previous domain owner let the domain expire? Perhaps you need to analyze who is the one contacting the previous owners to save a few bucks. You’re bypassing these auction sites to contact the previous domain owner to save a few bucks. Saving is making, right? I am confused, whose a sneeky greedy pig?
I own a ton of premium domains, names I acquired through Drop Auction platforms and or through brokerage companies like SEDO, Afternic and or BuyDomains. I paid thousands to tens of thousands for great names and never regret any domain acquisition. In fact, I have resold some of them and made a profit. While the others I have developed or parked and make continuous income month after month.
Also for your information, I was offered $10k by Attila Technologies for my domain and turned them down.
Anunt, do yourself a favor, change your monkey icon picture…it starting to show your character.
Actually to remind previous owner is OK from moral point of view as well.
Attilla, dont take it too personal, these “cheap domain” guys are just upset there success rate are slim to none. I suppose they are happy for getting a domain or two out of contacting hundreds of previous domain owners then saving $500 and more if compared to an auction price rate. Time is money and from there thinking, there time is not worth much money.
Anunt, you should look in the mirror like attilla said and see who is the real greedy sneeky pig
I personally rather have the chance to win the domain in an auction then never having the chance at all.
For info, “Mec” means boy / man / male in french.
I’m one of the people who regularly locate owners of dropping, premium domains and purchase them. So far, my conversion rate is about 25%.
75% say “gosh, I had no idea… thanks” and renew the name, even though about half of them really did know the name was dropping, but never considered it might have ‘value’ until someone contacted them from out of the blue about it.
The other 25% sell- and no, not for peanuts. On the names I’ve purchased using this method, my profit margin is surprisingly low (good enough to do it, but lower than what most might think). Still, there is absolutely no sense in lamenting over people reaching out to owners of expiring premium names, because it will not be made to go away, nor will it change. If I can keep a great name out of auction- take that profit away from the Namejet and keep it for myself- I’ll be more than happy to do so. So are a lot of others. Get over it. No sense in lamenting ANYTHING about this, since it will always occur. It’s been a standard part of the game since forever.
M.E.C.
Market Economy Commerce
.
M.E.C.
My Electric Car
.
M.E.C.
Maryland Electric Company
ht
tp://ww
w.marylandelectriccompany.com/
.
I’ve never tried to contact a previous owner to see if they would sell me their expiring domain.
But since it’s like herion and everybody’s doing it hey why the hell not.
It doesn’t have to be expired, it could be dangerously close to expiration or even catatonic (not in use at least by the owner ).
It’s kind of the Babe Ruth approach but worse he he
Strike outs : 1330 times
Home runs 714
Hits 2,873
Times called ” stupid baseball Player” : None
Every strike brings me closer to the next home run.
Babe Ruth
Cheers.
Domo
I love Atilla…always straight to the point!
I can personally attest the the quality of the domains he owns (some of which I’ve sold him). Not only that, but one thing I can GUARANTEE, is that he is not a cheap skate.
Dirt bag, jerk, thick headed…maybe (joking)….but NOT cheap.
@ Domo, I believe I was referencing to expired only domains. The method used by cheap domain investors to cut out the auction site out to save a couple bucks. What you’re all not realizing is its making a ripple effect which the domain community loses a chance of ever owning a great domain.
I love Babe Ruth but lets face it, the Babe hit way more home runs then you ever will with catching domains by cutting out auction sites. Hope you enjoy striking out for a while. Although, you’re bound to win the lottery some day. My dad is still trying to win the big one for 30+ some odd years. He should of invested in domains back in early 90’s.
@ Andrew, hahaha. I know I am an asshole at times, but thick headed? really? 😉 I love Andrew too, we were suppose to get drunk and talk domains but he decided to go diving for 3 days near some island with naked natives running around with sticks.
Attila, you’re just pissed that others are smarter than you.
Yeah, that must be it…my goodness, why didn’t I think of that sooner? Come on guys, is that the best you got? Are we like in the 5th grade, coming out of the wood works looking for cheap shots at me because I speak the truth?
Fact still remains, we “serious” domain investors would love to have a chance to bid war premium names like UPC.com out while cheap skates like yourself would rather inform the previous domain owner and 98% of the time, lose chance of ever owning that domain yourself.
BRAVO (me bowing down to you).
Congrats you greedy selfish bastard!
Just remember at the end of the day, all that time, effort and money you put forth trying to collect that domain by contacting the previous domain owner went to complete UTTER WASTE.
If I can upload a picture here, I’d upload one that says “you = fail”
The issue is not contacting the owners of expiring domains to purchase them, but a certain namejet bidder who contacts the owner claiming they will act on their behalf & bid to protect their pre-released domain from “cybersquatters” (exact term used by this “gentleman”) for a fee.
Acro
I do have an issue with the situation as you describe it as well.
Atila:
I much prefer to contact an expiring domain owner and take my chances even that by doing so I might be alerting a domain owner (although not the goal) as minimal chance of succces as it might be than participate in a Drop Auction with low transparency , Unknown / Unidentified bidders that ususally lead to inflated irrational pricing (near end-user).
Also is hard to compete with the big guns BD, Jello, Schilling etc etc…
Last decent domain I saw had 200 bidders and ended at 45 k or so…
To each it’s own.
Strong and bitter words are sign of a weak cause.
Domo.
Roy
You could certainly contact them at:
http://www.limobroker.co.uk/contact-us.htm
they have a phone number on that page as well
“Strong and bitter words are sign of a weak cause.”
I can’t believe we’re still going back and forth about this.
The domain owner forgot or lost their chance of renewing their domain. The domain is bound to head to auction and here comes a guy (cheap domain investor) wanting to circumvent the auction process and contacts the previous owner to try and acquire it. A LARGE 98% of the time, the previous owner goes “gee thanks for telling me” while the SMALL 2% goes, yeah ok, will sell to you.
I’ve asked 4 different people (friends of mine) who acquires domains through this method and they all said within 1-5% will accept. The person above saying 25% seems to either be so full of shit or have special abilities to control minds 25% of the time.
I also asked these 4 friends whether they know the ripple effects they’re causing. AND THEY ALL SAID “I DONT CARE”
Just shows, they’re all selfish and want the domains for themselves rather then giving the community (and themselves) a chance to get it through auctions.
So if I am for a “weak cause” for speaking the truth. Then you’re selfish and greedy with a 2-5% success rate.
Yeah yeah, I know, Attila, you’re a dirt bag, sore loser, wish you had premium domains and whatever you can say to try and hurt my feelings. At the end of the week (almost every week), I look back at all the domains I acquired through domain auctions and go hmm, was a great week.
CAN YOU SAY THE SAME WITH YOUR 1-5% SUCCESS RATE?
“I look back at all the domains I acquired through domain auctions and go hmm, was a great week. CAN YOU SAY THE SAME WITH YOUR 1-5% SUCCESS RATE?”
They certainly can if they lack the deep pockets to win the domain on the open market. They end up getting a domain you want for less than you would have paid for it.
They’re no more selfish than you — you want a playing field that favors you, they want a playing field that favors them.
$99K for MEC.com?! I think its ridiculous.