Revenue domain sales - Who believes sellers should offer buybacks?

[snicksnack]

And I would make him write you a letter indemnifying you of everything.
And letter better be certified & notarised

Are you writing for DomainGang.com now ?

 

[Theo]

Are you writing for DomainGang.com now ?

This thread gave me some ideas

 

[TheLegendaryJP]

This thread gave me some ideas

Make sure to use real names, the guy with common sense is spelled T H E L E G E N D A R Y J P ...:lol:

 

[snicksnack]

JP stop sniffing bananas ;-)

 

[Theo]

aka "Banana man"

 

[TheLegendaryJP]

aka "Banana man"

@Snick, Its the only thing that doesnt give me nose bleeds :blush:

Acro, yes if the alias is " Banana man " no one will ever know who it really is :lol:

 

[Theo]

....for when JP eats a banana, he becomes BANANAMAN!

 

[mikeyboy]

same thing happened to me

I'm dealing with a case where I'm buying back names from a buyer because per him, they didn't perform at all and he is unhappy with the purchase. A couple of the domains were poker typos and with having some other typos of the site in question, I can confirm their performance has gone down quite a bit. Some of the others were bought on a revenue basis but priced at a high # of months of revenue because they had name value - they didn't have much traffic or clicks/mo to begin with so there's a chance they simply may not be getting the clicks.

Obviously none of the stats that the prices for the names were based on were fudged or anything, so the buyer had all the information he sought on them before he bought them. It's my opinion that buyers are taking the risk that names may not perform how they were, just like sellers are taking the risk that names may perform BETTER than they were (which I've had happen a number of times). I myself had cases of paying 4-figures on revenue domains that probably didn't make 10-15% back what I paid for them years later, but I bit the bullet and moved on because that's the risk with buying them to begin with. However, this buyer's opinion differed greatly enough to demand either a buyback or an exchange for other revenue domains after about 3 months - after indicating displeasure in their performance 2 weeks, 1 month and 2 months after buying them. I'm doing the buyback even though it's not my policy to (I didn't offer it at time of sale) and I staunchly disagree with it. I'm doing it simply in efforts to keep the buyer happy, since that's my general code.

I just wanted to see what people's opinions were since in 5 years of selling revenue domains, this is an absolute first for me. I mean it would be nice if that swung both ways - in which case I could buy back some of the ones that I know are doing muuuuuch better than when I sold them! (and I mean 8-10 times better :disappointed

What do you all think?

 

[CanSpace]

I would assume that whatever legal document you used to make the exchange (if any at all) gave no guarantees of future performance.

Beyond that, it's common knowledge that ones domains transfer hands the PR can drop to 0 instantly.

It's certainly a nice gesture that you're making but I don't think you have any obligation to him.

 

[i_find_domains]

Buy back is total crap.