If Domain Asset Recovery Calls You, Don’t Take The Bait.
The Domain Industry Just Got One More Unethical Operator
We don’t have time to get into the granular details on this “company” and their “services”, but suffice it to say that this “domain recovery service” is something that more small business owners will fall for than domain investors. Essentially this company creates demand for a domain you used to own but let drop, verifies that you might have interest in getting it back, registers it, and then asks you to pay $250 for it.
If you get a call from Domain Asset Recovery, and they ask if you are interested in getting back “X” domain that you used to own, here’s what you should do if you actually want the domain.
Simply keep the person on the phone long enough by asking stupid questions or pretending to be surprised and or confused, basically just long enough so that you can actually go and just register the domain yourself for $8 instead of paying the $250 that Domain Asset Recovery is going to ask for. Because of the two domains we got calls about within a couple of hours, none of them had actually been registered or taken at drop and were freely available to hand reg. So it seems that their “business model” has a pretty big flaw in it.
What they’re doing isn’t illegal, lets be clear about that. Is it unethical, well considering that the phone reps flat out lie to you and say that Domain Asset Recovery is in control of the domain while you’re on the phone with them, when its actually available for hand reg, well yeah, that seems just a little bit shady but it gets better.
In hopes of closing a sale right then they also feed you lines such as:
“We have been contacted from two or three people who are wanting to buy this domain.”
“The domain is valuable because of all of the hard work you put into it. The back links, the site that was there.” (Even when there wasn’t a site)
“Because you are the former owner, we can offer it to you for $250 today, before it goes to auction with a reserve of $299.”
“We had to pay $150 for this domain in the redemption period. So we must bring it to auction.”
“If the price is too high, we can put you on a payment plan through PayPal.”
It’s not the job of DNSR to police the internet, but the last thing that the domain industry needs, especially the people trying to grind it out in such difficult times, is a company giving people false hope about a domain they used to own, now being in demand by multiple parties. If Domain Asset Recovery actually want to sell domains, great, you’ve got a call center, start making cold calls to actual businesses. There is no end to the amount of domain owners out there and or companies trying to unload unwanted inventory. I’m sure many will be happy to have you sell domains on their behalf or at the very least generate leads for them. Maybe that should be your model, lead generation for actual domain owners.
We don’t like being the ones to have to expose this, and we battled with whether or not we should. Ultimately the tipping point for us, was thinking about the level of disappointment and despair the average domain investor would have felt after falling for this. Paying $250 for a domain that could have been hand regged, then patiently waiting for these other parties to start making offers for the domain. Waiting and waiting and waiting and then finally nothing… You’re left holding a domain you let drop, but because of blatant lies, you just paid $250 for it.
Should Domain Asset Recovery want to dispute these claims, we welcome your challenge, after all, we have lots of documentation to support everything in this post. Lots of information.
NOTE: For the first time in the history of DNSR, commenting is enabled. Below is a screenshot of their company website.