DropCatch.com – new domain backordering company with worst possible issue

DropCatch-another-backordering-companyHello and Assalamo Alaikum,

I am not sure if you guys are aware of new backordering service which was publicly beta launched some time back. I came to know about them when I placed the backorders with SnapNames, NameJet and other companies I found that it was caught by a company called DropCatch.com.

Later I found they are part of HugeDomains and they have caught over  1,000,000 for themselves and recently launched DropCatch for public. They offer backorders for .com and .net domains only. According to the conversation I had with them in past they currently have no plans to expand this to other TLDs.

So when I placed my first backorder it was clear that I was the winner because I received an email from them being the winner and can proceed to make payment of $59 and I tried to topup my account but later found that there were some more bidders and their support team apologized by saying we are still in beta and there was a bug which has been fixed. So ultimately the domain went through 5 days auction process. Yes, 5 days auction.

I gave my feedback to their team for changing from 5 days to 3 days and change the auction finish time 3 hours earlier which is quite near to what SnapNames, NameJet and other auction platform time ends. I was happy to see both these changes were made quite quickly and I appreciate that.

But the main problem is whatever the domain I have backordered goes into “Public Auction” since I started using them still exists and they don’t just care about it. Surely, it will hurt them in future and I hope they will listen to their clients or start losing them quickly.

This “Public Auction” is the worst thing I have seen at any backordering company. Let me give you an example for recently concluded auction at DropCatch. I backordered Bespoke.com along with other 44 bidders who had ordered this domain before it was caught by DropCatch. So once the auction started until it finished there were a total of 54 bidders. An increase of 10 bidders jumping into the action and I tell you all those additional bidders came really pumped up the bidding war. My highest bid was in five figures but if those people hadn’t come my chances to win that domain were far better.

Now I don’t have any complaints for those who jumped in at later stage or were not part of the initial backordering stage. All I have problem is with DropCatch system and their team who doesn’t really care about this. I have asked them numerous times to get rid of this or you will start losing interest from people involved in using your backordering service. Their answer as always was that I am the ONLY person who is asking for this change and no one else does!

Is that what you think DropCatch? Check out the comment section at DomainNameWire and you will come to know if I am the ONLY person dissatisfied and asking change for betterment.

This doesn’t make any sense to me that 2 people doing their research, putting all efforts and time finding the gem out of the rough and once the auction starts I simply jump in and start bidding including all other people who were not aware of that domain before the domain got started as public auction. That’s simply waste of time and utter nonsense for the person who did this research. Do you (DropCatch) think we domainers have plenty of time to waste?

Yes, I am still using them because there are not much people who knows about them compare to bidders at SnapNames and NameJet. So with less competition there is always a chance to get a domain at lesser price.

So any one had experienced DropCatch backordering service and what are your thoughts? Feel free to post a comment 🙂

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**UPDATE**
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Received a response from DropCatch.com official after I sent my and DNW article link mentioned below:

Hello AbdulBasit,

We are following the domain name article and have been discussing the issue you have raised for quite some time.

These things don’t change overnight and we will let you know (probably with a DropCatch blog post) what we decide to do when we have decided it. A lot goes into keeping something like this running. Your patience is appreciated.

Another mid four figure sale through DomainNameSales.com

Another-mid-four-figure-sale-through-DomainNameSales.comHello and Assalamo Alaikum,

As I promised in one of my previous post for sharing my next domain sale with complete detail with no hiding and here you go!

Couple of months back I won a domain CuppyCakes.com for $224 and received some inquiries which were well below my expectations. However, last month in April I got an initial offer of $750 for which I countered with much higher price.

The person got back with giving me Estibot appraisal value for that domain which was $1,900 at that time. Here I am saying “at that time” because I have seen Estibot/Valuate changing their appraisal value for domains which get reportedly sold so they might change the appraisal price in future. Useless appraisal sites I tell you…

I informed the guy that people who have good knowledge about domains don’t take these valuation sites seriously. We have sold domains in five figures which these valuation sites have given $500. Also provided him the weekly sales report DnJournal and NameBio for past sales which can give better idea on value of domains.

A week later I sent reminder asking if there is any better offer he would like to present against my quoted price and received new offer of $5,000 which wasn’t bad for a $224 investment. I gleefully accepted the offer and initiated the transaction at Escrow.com

The domain was parked at DomainNameSales.com for the last couple of months. Got 3-4 inquiries total including this one which finished as successful sale. The payment was made swiftly and everything went smooth.

So have you sold any domains recently? What do you think of this sale? Any questions and/or feedback is welcome 🙂

Domain parking revenue for April 2014

Hello and Assalamo Alaikum,

It wasn’t one of the pleasant months in domain parking. Even if the revenue remains intact I would say it’s on the downward side because I have been adding several new domains every month to DomainNameSales.com parking platform.

At least 10 new domains are added under my DNS account but this time revenue went down. I have read for some other fellow domainers whose parking revenue have been down for the last month which is not a good sign. Although it was below $500 but well over $400 mark.

I made some category changes to some of my performing domains which resulted in less $$ but that was just one factor of having less revenue in last month.

I am hopeful to make not only $500 but well over that figure this month which has started quietly the same as previous one. I am confident because I will be adding some more quality domains which will help boost in revenue.

By the way, have you seen any downtrend in your parking revenue for the last month? Anyhow, I have some good news to share in my next post so stay tuned! 🙂

Rook Media buys DomainSponsor

Rook-Media-buys-DomainSponsorHello and Assalamo Alaikum,

Today I received an email from Rook Media which is an interesting news for domain community and specially for domainers.

“Dear Rook Customer,

Big things are happening in domain parking and we want to make sure you find out among the first: Today we announced that our company bought DomainSponsor.

The two largest US and European parking companies coming together to form a new type of monetization platform means new opportunities to you as a customer. Everything you like about Rook remains the same, and things will get even better we integrate the best of both companies to push up your earnings.

You log in to the same user interface, and your account representative is there as always to answer questions. Over time you can expect an up-kick in the choice of landers, even more sophisticated monetization of your traffic, and a lot of new alternative monetization options.

Stay tuned: big things are on the horizon!

Your Rook Media-team”

I have accounts with both Rook Media and DomainSponsor and parked some domains with DomainSponsor last year with no success. When I heard about Rook Media I simply joined them and informed that my domains were parked with DomainNameSales and if they can assure I can make more money with them but their answer in short was “NO”.

I am not trying to give any negative feedback against them instead I liked their honesty in giving out the possible outcome.

I sincerely wish them best of luck and hope they achieve many more success in future.

Any of you using DomainSponsor and/or Rook Media for parking your domains? How do you rate them and what do you think of this acquisition?

Quite funny unauthorized domain transfer request received

Quite-funny-unauthorized-domain-transfer-request-receivedHello and Assalamo Alaikum everyone,

Recently I received a transfer request from registrar 123Reg/Webfusion which I personally have never used for domain purpose. I was bit surprised to receive such email from them because I never had any domain there or wanted to transfer out to them.

So in actual what happened was the former domain owner first tried to get the domain from me by contacting through DNS parking platform and the offer was somewhere near $100 and of course the deal wasn’t going to be successful at that price and it was declined.

After few months I received the transfer request which goes something like this:

Attention: abm@AbdulBasit.com

Re: Transfer of xxxxxxxxxxxxx.com

123Reg/Webfusion has received a request from xxxxxxxxxxxxxx@me.com on xx/xx/2014 for us to become the new registrar of record.

You have received this message because you are listed as the Registered Name Holder or Administrative contact for this domain name in the WHOIS database.

Please read the following important information about transferring your domain name:

• You must agree to enter into a new Registration Agreement with us. You can review the full terms and conditions of the Agreement at http://www.domainterms.com/.

• Once you have entered into the Agreement, the transfer will take place within five (5) calendar days unless the current registrar of record denies the request.

• Once a transfer takes place, you will not be able to transfer to another registrar for 60 days, apart from a transfer back to the original registrar, in cases where both registrars so agree or where a decision in the dispute resolution process so directs.

If you WISH TO PROCEED with the transfer, you must respond to this message via one of the following methods (note if you do not respond by xx/xx/2014, xxxxxxxxxxxx.com will not be transferred to us.).
Please go to our website, https://www.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx to confirm.

If you DO NOT WANT the transfer to proceed, then don’t respond to this message.

If you have any questions about this process, please contact http://www.123-reg.co.uk/domain-names/.

Kind Regards

123Reg/Webfusion”

It was quite surprising and funny because the former owner might have thought to give this option as try and she might get the domain back. I am using “she” here because the domain was a two word female name and it’s her name too. I responded back to 123Reg/Webfusion informing about this unauthorized domain transfer request.

Not sure if this practice is being used by people to gain someone’s domain

Have you received similar transfer request from the former owner or someone trying to hijack your domain using this method?