I personally hate seeing domain names bid on at domain name aftermarket services like SnapNames.com, NameJet.com, Sedo.com etc.

Many times, prices are inflated due to the fact that one or some bidders never planned on PAYING anyway. This is a problem for these aftermarket services and can also make our domain industry look bad. This also cause a great deal of extra work for the services and also doesn’t make them look good.

So, here is a solution that I think CAN and will work if one started using it. Once it’s proved to work, other’s would for sure follow. Here we go…..

The System

A "points" or "credits" type system working similar to a iTrader rating but your plus or minus number allows you to bid or not to bid.

For each domain name purchase you make at the business, you get a certain amount of "Points" based on the dollar value of your successful purchase. Each price range ($100-$200) would have a points value. If you do not have the "points" in your account, you can not bid unless you purchase points.

You can either earn points for FREE with successful purchases (get credits for past purchase as well) or purchase points. Purchasing Points would need to be paid via paypal mass pay, wire transfer or Moneybookers which is basically CASH, so chargebacks can not happen. Cash Points are in place for people that may be only a one time buyer.

Cash points can be Put Towards a domain purchase if you wish and Earned points will not have a money value but will continue to accumulate and will Never go away, but allow you to be "in" certain auctions.

If you purchase Cash Points and win a domain name but do not Pay for the domain, your cash points purchased are NonRefundable and the bidder would lose the $’s spent buying the cash points. If the bidder simply loses the auction, the points would stay valid in their account for future bidding or could be withdrawn at the customers request.

The Dollar Value would set the amount of "points" needed to place a bid in an auction. An example would be $69-$100 is 10 Point. $100-$200 is 20 points and so on. The higher the dollar value, the more points you need  in your account to bid. It’s very simple really, it just needs to be put in place.

This system allows any and ALL real bidders being able to bid. The "good buyers" buy all the time but never get "credit" for it currently to show they are Good Buyers. If you are an end user and are only interested in One Domain, buying refundable credits to bid shouldn’t be a problem if you stay in good standings. It just shows that you are serious and you will pay.

For those who Buy Points, win and do not pay will learn a lesson and lose the $$$’s they paid for the points. I think this will greatly reduce NPB (Nonpaying Bidders) and give credit to the Good Buyers!

This system would also Reduce Shill bidders, but wouldn’t prevent them totally.

If you like this idea and want a system in place like this at NameJet.com, Sedo.com, Pool.com, TDNAM.com and SnapNames.com send them to this thread and demand it! It will be better for the aftermarket business and our industry as a whole!

If somebody uses this system, a little love would be nice (cash) since I’m just a poor young man trying to feed my family.