SnapNames Employee was also bidding on many auctions!!!

snapnames.jpgJust received an email from SnapNames that they discovered an Employee under a fake alias was BETWEEN 2005 and 2007 bidding on many of the SnapNames domain drops and using internal system to see the max bids and win good domains, and also the same time also bidding up the prices.

I don’t know about you but we have always had that nagging feeling that our max bids always seems to just stop at the very top and this would explain some of these. There are a few user accounts that were active in 2005 and 2007 that I recall that won some great name…  Anyone care to guess which user handle it was?

In compensation, SnapNames are offering credits or cash refunds to all accounts affected by this which shows great customer service. The full email is below.

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How much is a domain worth ?

“How much is it worth ?” This is a recurrent question from people new to the domain aftermarket and the answer is not very straightforward.

There are some basic rules such as the shorter the better or a .com is worth more than a .net but to know how much you can get when selling a domain is very difficult.

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3 Letter Domains

As a short name is worth a lot more than a longer one, it may be tempting to buy any very short name available.

However, this does not mean any short combination of letters is worth millions of dollars.

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Evicting Domain Cybersquaters

Do you run a business that holds a trademark? Have
you gone to yourbusiness.com, only to find someone else has registered
the domain? If the domain is parked or is for sale, this may be what is known as
‘cybersquatting’.

Cybersquatting is where someone registers a domain
name they know is (or contains) a trademark, with the intent of selling it to
the trademark holder at an inflated price. Cybersquatting also includes any
other bad faith intent to profit from the use of a domain, containing a
trademark. There are practices similar to cybersquatting, such as typosquatting,
which is registering variants of popular trademarks or typos of trademarks
(hence the name).

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