Namebio reports 5 lll.com sales each one for under $1,000 today 4-4-08!

[ARMG]

No one is using this sales data to justify LLL.com's having lost value. Infact, NameBio only reports the domain sales (as it currently stands). It is my opinion that any repository of information should be as complete and accurate as possible, even with the rare occasion that a domain sells well below wholesale value or even well above it.

I agree with you why would you censor these sales? These sales won't lead to lower lll.com prices.

 

[jasdon11]

Domains that are undervalued in a big way should not be included in sales figures.
If i sell my home for $1 to a friend...that doesn't mean it should be recorded as the current valued price.

Course they should - the only thing that matters is the dollars - nothing else; x number of sales, x number of dollars - end of story. Unless you want to go around kidding yourselves....

 

[DNP]

This wasn't a marketing gimmick, this was a clear and dumb error.

How do you know?

 

[DomainSpade]

How do you know?

When this initially happened on Friday, I was on the phone with BuyDomains discussing what was going on and quite frankly, How I could capture a few of the domains myself.

Granted. I will admit, no one at any point said "This must be an error" The few conversations I had, made it clear that NameMedia had no idea it was a promotion (if it actually had been one).

Now, lets say for a moment it was in fact a promotion / marketing gimmick. The method and the way this was conducted didn't create much buzz until after the fact, they also aren't making it easier to buy domains from them by not distributing a complete listing.

Even if this is the direction they wanted to go (releasing quality domains for pennies on the dollar) it would've been smart to announce it before hand, to create a build-up type buzz. They didn't do that in this case, in fact, we still have not really "heard" from iReit regarding the issue altogether.

So, my opinion that this was an error and not a marketing technique is based on what the conversations I had with BuyDomains and my own common sense.

I will make it a point to call iReit on Monday and ask why this happened and what its purpose was.

Justin Allen
NameBio.com

 

[Chappy]

iReit has already owned up that some domains were mispriced.

NameBio has made its position clear that it will keep these sales in its database.
DNSalePrice.com has not yet commented.

Now lets move on...

 

[Theo]

The remaining iREIT domains at Afternic are 99% junk.

 

[PRED]

The remaining iREIT domains at Afternic are 99% junk.

the remaining 1% sold already............ @ junk prices :smilewinkgrin:

 

[Dorkside]

This will never happen. One thing you can expect from NameBio is the truth, regardless of how it may "impact" the numbers. There is no question here that LLL.com's consistently gain month after month and are one of the safest bets in the industry.

This tiny issue simply indicates a mistake from one huge portfolio holder. This wasn't a marketing gimmick, this was a clear and dumb error.

When people go to analyze the sales data, if they do proper homework, they will understand that these were "fluke" sales. They happen. Every domainer worth his his salt would be salivating if presented with these deals which is another reason I reported this on our Blog, and in several forum postings.

Transparency is needed in our industry, in nearly every sector. That is going to be the only way we will ever legitimize ourselves.

Justin Allen
NameBio.com

Nicely said.

:clap2:

 

[Etab]

I'm not convinced that this was a marketing strategy. Unless iREIT announced it on their site or actually used more publicity on their end, I don't buy it. Any quiet, anonymous buyer could have picked up those names, or they very well could have been ignored from the latest sales list. It really sounds like a dumb mistake (that was later corrected).

You never know when this will happen -- keep your eyes peeled! I was simply looking for LLL .orgs and came across those Friday morning.

 

[HBK216]

I strongly support Justin's view that the sales be included in the sales history on NameBio. To those who feel it should not, stop being so ridiculous. No one in their right mind would think that such short price sales would hurt such a huge market.

 

[Michael]

Wow, someone got lucky...

 

[kong707]

He lives in Bangkok like me . So today I made a phone call to him to ask if we want to sell those LLL,com to me. When he took my call and I said I want to buy some of his domains . I didn't say what domain I like to buy he said "sorry, my domains are not sale" and the he hung up on me immediately . It is weird ,isn't it ? Maybe ,he got too many phone inquiries .

 

[DomainBELL]

Its kinda annoying when you save up $10k to buy an LLL.com and see these

I'm right there with you on that statement...


~DomainBELL (Patricia)

 

[ArjunDhawan]

*Agrees*

Here I am, collecting 1k after another, hoping that maybe in another 6 months, I will have enough money to buy AN LLL.com, and then I come across these deals, and feel like such a fool!

Someone DID get a bargain!

 

[tetrapak]

Ok guys. Every single day someone wins 100 this amount on lottery, do you cry every day for not winning it? I doubt.. Move on, you'll have awesome deals in the future just work for it!

 

[ArjunDhawan]

Ok guys. Every single day someone wins 100 this amount on lottery, do you cry every day for not winning it? I doubt.. Move on, you'll have awesome deals in the future just work for it!

Well, thats a positive attitude.


I guess you're right. No point brooding over this.

 

[Deleted member 5660]

I will make it a point to call iReit on Monday and ask why this happened and what its purpose was.

They were probably too busy trying to register hundreds of variations of known trademarks.

 

[idastudios]

i ve gotten a few good deals off of afternic. i dont think its a strong marketplace. so any sale on that site seems great. and yes id be pissed if i had to let those names go cause of an error. my guess its a bad interface for importing huge portfolios. I feel there are a few of these sites that dont know how to do it right. the most annoying one is sedo's tool.