For my future investing ventures I often draw the inspiration from various sources on the Internet. As I see it, in times to come the virtual Internet property such as quality domain names or high traffic web sites will be continuously growing in value as the demand increases and good virtual property becomes harder and harder to come by.
So recently I had, once again, attempted to capture near expiring, in my opinion potentially highly valuable domain name thef1forum.com. The plan? Developing the domain into a respectable entity amongst the already existing Formula 1 online communities.
I realized that this domain is passed its expiry date in the pending delete status only a few weeks ago. Always on the lookout for new opportunities, I made sure to keep an eye on it for the days to come and used the GoDaddy’s back order service to get the domain into my hot hands as soon as its released to the public (for the less informed, at normal circumstances, while pending delete, a domain is released to the public six dates after its last update).
Unfortunately at the end, my excitement came to an abrupt end by email from GoDaddy stating the following:
We’re sorry, but the following domain name(s) that you backordered was not captured successfully:
THEF1FORUM.COM
Obviously the plan did not work out as I expected and the domain name is now in possession of somebody with a little bit faster trigger than myself. What surprised me though, was the fact that GoDaddy, while unsuccessful in their capture, have still charged my card with the backorder fee. Admittedly, I was way too excited from the prospect of creating a quality formula 1 forum to read through the tons of strings attached to GoDaddy back ordering process. Call me naïve but my expectations were, that without delivered service no fees should be charged and more so in the process as nontransparent as the capture of expired domains.
Anyway, moving on. As it stands right now, the domain name is currently being parked with one of those parking services and I only hope that its new owner will actually make it into something worthwhile same as I was hoping to do.
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