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Domainlore charging 5%

Discussion in 'General Board' started by LCHappy, Aug 23, 2019.

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  1. Ben Thomas

    Ben Thomas Well-Known Member

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    Well, that was confusing. The point being, if I sell a domain on Domainlore as a Hidden Gem domain (this based on a true story by the way) and half way through the auction, Deny's decides "Hm, I think I will charge 5% on the final sale value for all Hidden Gem domains". When the sale is complete, an invoice (or 2) are sent to me for a fee I hadn't agreed to pay (based on terms and conditions). If I don't pay this invoice, my account is blocked. This is my idea of "unfair business practice". It's by the by, anyways, as someone pointed out - Domainlore will soon not be free. But this may well be the nail in the metaphorical coffin for Domainlore, as if that happens, there are much better alternatives now.
     
  2. Domain Forum

    Acorn Domains Elite Member

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    IWA Meetup
     
  3. ian

    ian Well-Known Member

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    What better alternatives are there?
     
  4. boxerdog

    boxerdog Well-Known Member

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    eBay :p
     
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  5. boxfish United Kingdom

    boxfish Well-Known Member

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    Why not just charge a flat fee of 5% on all sales, and £5 if it doesn't sell?

    He's created the platform, he's brought together the buyers and sellers, why shouldn't he monetise it?

    For a group who acquire items for £x-xx and expect to sell them at £xxx-xxxx people here sure don't like others making money off them.
     
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  6. ian

    ian Well-Known Member

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    Where did I suggest otherwise? I'm all for a fixed 5% fee, providing their is a credible buyer base which DL mostly has (from a reseller pov). All my auctioned sales go on DL as the best option which is why I asked what better alternatives there are, which you quoted as something else!
     
  7. Murray

    Murray Well-Known Member

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    I agree, but there certainly is room for complaint on how he rolls the changes out and currently them being down to his discretion rather than clear cut.
     
  8. Murray

    Murray Well-Known Member

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    • Informative Informative x 1
  9. LCHappy United Kingdom

    LCHappy Active Member

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    That's very confrontational to some members on here. I'm not sure that is the best way forward for domainlore when premiums are already deserting the site.

    I'm not sure outing private emails to support is even legal, or attractive to anyone wanting to ask things through support.

    "smart people understand that good products don't remain free forever"

    :D

    ouch -

    Have google, twitter, gmail started charging yet? Come on smart people :eek:
     
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  10. boxfish United Kingdom

    boxfish Well-Known Member

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    He does cover that - you are the product
     
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  11. LCHappy United Kingdom

    LCHappy Active Member

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    I did see that but I don't agree with it on the above two. I actually don't believe the general statement that much ( believe the investors are the product), but that's a different story for another day.
     
    Last edited: Nov 3, 2019
  12. aZooZa

    aZooZa Well-Known Member

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    His ad hominem rants and raves don't bother me. He's emailed me twice now; I won't post those emails as I don't believe tactics like that are ethical. He also alludes to a staff member here in a pejorative manner.

    To clarify my criticism of his acceptance procedures, of course I understand he has an automatic route for some sellers (including myself) to feature in the 'gem' section without review. It's the rejection/demotion of submissions prepended with the '!' character that have often been the subject of my surprise.

    Perhaps a little humility is called for when it comes to his public relations policies.
     
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  13. bluerock United Kingdom

    bluerock Well-Known Member

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    On holiday with Rob??:confused:
     
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  14. Ben Thomas

    Ben Thomas Well-Known Member

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    Hi guys,

    Just want to address some confusion here about Deny's and Malta, I did in fact get this mixed up with Rob :D Secondly, for everybody who has seen the post on DomainLore, you can make your own assumptions, but I stand by my choice to call him out for underhand dealings. Two of my auctions had the goalposts changed mid way through during ROR, and I assume this happened to several people too. The guy is clearly on some ego-trip. But I'm consulting with a solicitor this morning re. personal information under GDPR.
     
  15. boxfish United Kingdom

    boxfish Well-Known Member

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    From your blog comment:
    "Sorry to hear I've upset you also, let me think of a way to make it up to you while I count my money."

    From your sales thread
    "Feel free to bicker over it though, while I'm counting my money"

    Yep, that other guy is definitely on an ego trip :rolleyes:
     
  16. Ben Thomas

    Ben Thomas Well-Known Member

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    "Boxfish", I would say that yes, at times I have let me ego better my good judgement. But I would argue that saying I'm counting my money, while others try their best to disrupt my earnings is not to do with ego and more to do with taking the higher ground. But alas, you can see it however which way you deem fit, it's of no concern to me. However, the whole thread from Denys' website is egocentric, which leads me to believe (and also based on the fact that plenty of other users of this forum and further afield have noted) that he thinks very highly of himself and his little website. But again, I digress, this is of no concern to me in the grander scheme of things. My initial interest was to avoid anybody being charged unnecessary and unfairly charged fees by DomainLore or simply raise awareness of the way he practices business. But you know what they say ...

    [​IMG]
     
  17. BREWSTERS United Kingdom

    BREWSTERS Well-Known Member

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    Probably just counting it before handing it over to the solicitor.
     
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  18. Ben Thomas

    Ben Thomas Well-Known Member

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    @aZooZa I see Denys has updated his blog post to include your most recent post in this thread. The guy is a total maniac, let's be honest. Thinks he's God of the domain space, his website boasts £2,907,841 in actual sales since 2009, 10 years deep!!! I know people who made that in one year :rolleyes: @Admin I see he is also now attacking you, personally I think DomainLore should be a banned word on this forum and totally blacklisted :D
     
  19. DesD

    DesD Active Member

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    I think I’ll abandon this community if this nonsense continues. The time for schoolyard politics is long past.
     
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  20. Nigel

    Nigel Well-Known Member

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    I like domainlore and I like this forum. All of us in business want to get a reasonable return for effort and initiative. The seasoned domainlore users are happy with the service provided and the fees charged. 5% on some of the best sales is good value in my view. A lot of our sales are commission free as the £5 entry fee is refunded on hidden gems that sell. That's initiative - letting users sell domains for nothing - long may it continue :)
     
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  21. philiporchard United Kingdom

    philiporchard Well-Known Member

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    A shame there's friction.

    I found that selling 4 or 5 domains on DL - all around the 5k mark - was a positive experience.

    I've never had an issue buying on DL either.

    I'm not interested in getting stuck into the current discussion - just mentioning my own experience.
     
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