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How to avoid paying too much for domain

Started by timbarnard, May 21, 2023, 01:04 AM

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timbarnardTopic starter

It's a common occurrence for people to receive offers to purchase domains that they don't actually own. These offers are often attempts to exploit the potential buyer's interest in the domain, with the seller hoping to secure a higher price than what the domain owner is advertising it for.
To avoid falling into this trap, it's important to secure a payment in Escrow and aim to purchase the domain at the lowest possible price.


The issue of domains in drop cycles has also become a problem, with many people receiving emails from individuals claiming to be the owner of a domain that is in the process of expiring. While this may seem like a helpful heads-up, it's important to remember that these individuals do not actually own the domain in question.

In fact, this has become a common tactic for those looking to enter the domain market without the necessary funds. Unfortunately, this trend is only likely to increase in the future.
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hermenepoke

Sending such emails as a registrar could actually prompt the registrant or would-be dropper to renew the domain. It is possible to create a false impression that the domain is more valuable than it really is and add pressure to encourage the renewal.

I highly doubt that any reputable registrar would engage in such deceptive practices, but given the right conditions, this could be an interesting scheme to explore.

Thank you for sharing your experiences with domain dropping, they are very interesting.
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KelpyMson

To protect yourself from falling into the trap of domain scams, it's crucial to be cautious and do thorough research before making any purchases. Here are a few steps you can take to minimize the risk:

1. Verify Ownership: Before entering into any domain purchase agreement, verify the ownership of the domain through reputable domain registration databases or platforms.

2. Use Escrow Services: When finalizing a domain purchase, always use a trusted escrow service to secure the payment. This ensures that the funds are held securely until the domain transfer is completed satisfactorily.

3. Consult Legal Advice: It may be beneficial to consult with legal experts who specialize in domain acquisitions. They can offer valuable guidance and help you navigate the complexities of domain transactions.

4. Be Wary of Unsolicited Offers: If you receive an unsolicited offer to purchase a domain, approach it with skepticism. Research the offer thoroughly and consider seeking advice from domain professionals before proceeding.


To avoid paying too much for a domain, consider these tips:

1. Compare prices: Research and compare the prices offered by different domain registrars. Some registrars may offer discounts for the first year of registration, so it's worth shopping around.

2. Look for promotions or coupons: Many domain registrars offer promotional deals or coupons, especially for new customers. Keep an eye out for these to save on the initial registration cost.

3. Register for multiple years: Some domain registrars offer discounted rates if you register a domain for multiple years upfront. This can help you save money in the long run.

4. Avoid unnecessary add-ons: When registering a domain, some registrars may try to upsell additional services like privacy protection or email hosting. Consider whether you really need these extras to avoid unnecessary costs.

5. Watch out for renewal fees: While the initial registration cost may be low, some domain registrars have high renewal fees. Be aware of the renewal pricing before committing to a registrar.
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Absellexime

It's disheartening to see individuals exploiting the domain market with deceptive tactics. These so-called "owners" of expiring domains are often nothing more than opportunists trying to cash in on your interest. If you're considering a purchase, always use escrow services to safeguard your investment.
It's frustrating that this trend is growing, as it creates unnecessary confusion and undermines the integrity of the domain industry.
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