Why dishonest tactics harm the credibility of the domain trading industry and how traders can build long-term relationships based on mutual respect, trust, and professionalism.
In the world of domain trading, honesty and transparency are very important. As domain investors and traders, we rely on our instincts and judgment to make informed decisions about which domains to buy or sell. When approached by potential sellers, we expect them to present their domains truthfully and professionally.
Unfortunately, this is not always the case, and some sellers resort to exaggerations and lies to lure unsuspecting buyers.
Not so long ago, we received a message on a domaining forum from a potential seller offering to sell us some domains. As usual, we were curious to know what domains the seller had to offer. However, as we read through the message, we quickly realized that something was amiss. The seller claimed that they had received offers of $5,000 for one of their domains eight times on Sedo, a popular domain marketplace. This claim seemed hard to believe, given that the domains they were offering appeared to be of modest quality and value.
Moreover, the seller’s English level was questionable, which raised concerns about their professionalism and credibility.
We decided not to respond to the message, as we believed that the seller was not serious about conducting honest and transparent business. In the world of domain trading, reputation is everything, and we do not want to risk doing business with someone who we cannot trust.
Unfortunately, this is not the first time we have encountered sellers who resort to dishonest tactics to sell their domains. Some sellers overvalue their domains, claiming that they are worth much more than they actually are, while others claim to have received offers that are simply too good to be true. In some cases, sellers even resort to using fake screenshots and other deceptive methods to make their domains appear more valuable than they actually are.
Such dishonest tactics do not only harm the credibility of individual sellers but also the domain trading industry as a whole. Buyers and sellers alike rely on the integrity and professionalism of their counterparts to conduct successful transactions. If sellers continue to use dishonest tactics, they risk undermining the trust and confidence that buyers have in the industry.
Therefore, we urge all domain traders to conduct themselves with honesty and transparency when buying and selling domains. We understand that the domain trading industry can be highly competitive, but resorting to dishonest tactics will only harm your reputation and credibility in the long run. Instead, focus on building long-term relationships with your clients and colleagues, based on mutual respect, trust, and professionalism.
The world of domain trading relies on honesty and transparency to function properly. Dishonest tactics harm the credibility of the industry and can damage the reputations of individual sellers. We encourage all domain traders to conduct themselves with professionalism, integrity, and honesty when buying and selling domains. Trust and confidence are essential to the success of the industry, and we must all work together to maintain these values.
What are some other dishonest tactics you have encountered in the domain trading industry, and how do you deal with them?