Skip to content

May 12, 2010

7

$16,000?! All I Wanted Was a Damn Coconut…

You just had the most amazing idea. All the details are coming together in your mind. You need to create a web site, and you have the perfect name in mind. But much to your chagrin, ilovecoconuts.com is already taken. And what’s worse is that nobody’s even bothered to make it into a real site. It’s nothing more than a lame, generic page that’s stopping you from living your dream of imparting coconut-related facts and info-graphics to your hungry visitors.

Domain Parking Page

What do delicious coconuts even have to do with sexy Latin and Japanese women, anyway?

We want a new domain name, but half the time, the ones that we want are already reserved by douchebag companies that don’t plan on doing anything with them except reselling them for profit, or generating advertising revenue from people who stumble upon them, expecting actual content. The people that do this are called “domain squatters,” and they really piss me off.

I was recently involved in a short email exchange with Jacob, who works for one such company:

Jacob to Tristan:
Hello Tristan, you contacted us in the past regarding ilovecoconuts.com. The domain is still available, and I wanted to reach back out to you to see if you were interested in submitting another offer on the name, or finding out the asking price. I look forward to your reply.

Tristan to Jacob:
Hi Jacob, just curious – what’s the “asking price” we’re talking about here? Thanks.

Jacob to Tristan:
Hello, the seller is asking $16,000USD for ilovecoconuts.com. Let me know how you’d like to move forward.

Tristan to Jacob:
Hi Jacob, that is absolutely ridiculous. I don’t appreciate being lied to. Have a great day.

Jacob to Tristan:
Who lied to you?

Tristan to Jacob:
$16,000? The domain isn’t worth that much, especially considering I already saw it for auction, starting at $60, with no bids.

Jacbo to Tristan (At this point, I’m so annoyed, I can’t even be bothered to correct my mis-spelling of Jacbo’s name):
Where did you see it for auction?

Tristan to Jacbo:
I really don’t feel like playing this game with you. I appreciate you taking the time to get back to me, but I’m no longer interested. I’m sure ilovecoconuts.com is just one of many domains your organization is squatting on, and you and I both know that you are never going to get such a price for it. Feel free to contact me if you decide on a reasonable number.

Coconuts!Not the first time I’ve dealt with a domain squatter. I remember talking to one who wanted $500 for a domain. Not even 24 hours later, he was offering it to me for $25. The reason? They have to pick their battles. Squatting on hundreds of domains can be expensive, as you still have to pay to hold each one. At some point, a domain loses its potential for profit, and it becomes more prudent to cut your losses and let it go. That’s one of my theories, anyway.

So here’s where I’m going with this. If you see that rad domain name you want being squatted on, don’t give up. Even if you don’t enter into negotiations with the squatter to acquire ilovecoconuts.com, keep an eye on it! Squatters pick up and drop domains all the time. You could very well get lucky and find that your squatter hasn’t renewed when it comes up for renewal.

Don’t let evil Jacbo come between you and your dream of dropping a coconutty knowledge bomb on the web!

Read more from Talk Tech
7 Comments Post a comment
  1. May 13 2010

    dude that coco-sucks! awww 🙁 I hate those people!

    Reply
  2. May 13 2010

    I just went through this myself on an unlikely name. I offered the owner (who had no actual site there in years) a few hundred dollars. The no-name scumbag squatter gave a rather haughty reply that he “never sells a domain for less than 5k” … Good luck with paying to maintain all those domains you’ll never sell for <5k, pal. 🙂

    Reply
    • May 13 2010

      That guy passed up a few hundred dollars. Clearly, he doesn’t have very good business sense.

      Reply
  3. David
    May 13 2010

    hey that’s kinda interesting. I will keep this in mind. THX.

    Reply
    • May 13 2010

      Glad you enjoyed reading it, David. Thanks for the feedback!

      Reply
  4. May 12 2010

    The cyber squatter, one of the many lower life forms that crawl the underbelly of the internet. Cousin to the typo squatter & the lesser known namejacker…Just remember they can’t squat forever!

    Reply

Trackbacks & Pingbacks

  1. Net Neutrality, Coconut Metaphors, and You | Talk Tech. Fight Shark. Laugh Hard.

Share your thoughts, post a comment.

(required)
(required)

Note: HTML is allowed. Your email address will never be published.

Subscribe to comments