Beware of those cults!

Posted by Stevio in My Network on November 30th, 2006

The ’situation’ regarding the seller, who attempted to sell a copy of a website I bought, now appears to be over, after the seller abruptly sent a ‘no hard feelings’ titled e-mail.

I had, slowly but surely, been building up a strong case so that I could take legal action, so when I received the e-mail, it was rather surprising.

The case against the seller was straight forward legally, however, on the Digital Point forum serious question marks about the seller arose when he posted a “How I made over $xxx,xxx in AdSense last year” thread. He ended up claiming that he would help ‘chosen’ families. This came across like he was forming some kind of cult.

I know from my dealings with this person that what you see in public isn’t necessarily what you see in private, for example, I have various e-mails and private messages to prove he is no ’saint’. So what the catch is, I don’t know, and to be honest, I hope I never find out, as that would mean unknown consequences for those families involved.

So fingers crossed that’s that with that matter, however, at least I’ve got most of the groundwork done if the ’situation’ arises again.

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Still waiting…

Posted by Stevio in Domain Names, My Network on November 29th, 2006

It has been nearly two weeks since the auction for the automotive domain at Sedo ended. No word from Sedo since I received the automated confirmation e-mail, which said the following:

Both parties have now confirmed their contact details and the sale of <domain removed> can now proceed. A payment request has been placed in the buyer’s user account and an email has been sent asking them to make payment for this domain as soon as possible. We ask buyers to make payment within 10 working days.

Should the buyer not make payment within the first 7 working days they will receive an automatic email reminder and your transfer agent will make every attempt, both via email and telephone, to contact the buyer in order to determine when payment will be made. You will be contacted once your transfer agent has received confirmation that the payment has been received and processed.

Please rest assured that every effort is being made to ensure that the buyer makes payment promptly, and we shall contact you when there are further developments to report.

I was looking to see what would happen if the buyer backed out. Sedo’s website says the following:

What happens if I no longer wish to honour an agreement?

Pulling out leaves you open to legal action from the other party as you have agreed to a legally binding agreement. Failure to see out the agreement can also jeopardise your account status at Sedo.

As I’ve said before, I wouldn’t be too bothered if the sale fell through, what does bother me is the amount of time it’s taking, so let’s hope that it comes to a quick conclusion soon.

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SitePoint auctions

Posted by Stevio in Business on November 29th, 2006

If you’re looking to spend big on a website then SitePoint’s marketplace is the place to go. Currently it has quite an array of sites up for auction that vary in quality and price.

One is ThreeWorldWars.com. As the domain name suggests, the site is based on the subject of a ‘possible’ third World War. It raises some very interesting points and is certainly well worth a read. Whether you take it with a pinch of salt is up to you, but these days it seems that anything is possible.

The current bid at the time of posting is $8.5k with a BIN $15k. Bit pricey, especially with it being a PR4 and requiring lots of work, but I’m sure someone can eventually make a very decent profit with the site.

Next up is MoviesVideos.com. On first glances it looks an excellent site, although as some members on the forum have pointed out, there’s some serious question marks over the legitimacy over the revenue stats. The current bid is $10.5k, although it looks likely the bid will be retracted.

Looking at the seller’s information, they have only made three posts at SitePoint, which should always make buyers beware. A curious thing is that two of the posts have been bids for sites at $1k and $15k.

Saving the biggest until last are the auctions of InvisibleKeyLogger.com and VideoCodeZone.com. The minimum bids are $200k and $350k respectively. Curiously both sellers have zero posts, so who can tell what kind of reputation they have. What I don’t get is why on earth someone would post a site with such a high asking price on a forum, the chances of finding a buyer there with that amount of cash is unlikely.

I’ll keep an eye on the auctions, will be interesting to see how they all finish.

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It’s been fun

Posted by Stevio in Domain Names, My Network on November 27th, 2006

Today I registered yet another .info domain. Thankfully Registerfly’s ‘SuperInfo’ sale was still on, so it only cost 75c. The subject of the domain is something I don’t know much about, so development will be interesting, as it’ll be educational at the same time. I know most people who develop websites seem to make them based on a subject they know about, but there’s more of a challenge when you have to start from scratch.

The ’situation’ regarding the copy of a site I bought is still on-going. Even though it’s a serious situation it has been quite bizarre and humorous at the same time. I still can’t say too much on here, which is a shame, as I’ve certainly got a lot to say!

Otherwise I’ve done very little over the weekend, some would say I’ve been a bit lazy. I’ve had fun over the weekend though, so I’m full of energy, which should bode well for the coming week.

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