Domain scalping is an outdated reference to domain name investing, as perceived by the industry’s outsiders.
Simply put, those who do not understand the concept of domain investing, or who are envious of the many success stories of domain investors, want to paint it in a negative light.
A recent blog post by Verisign stirred the waters, and we came across a 2013 post about “Stopping Domain Scalping.”
In that story, shared by some “Start up dude” on Tumblr, the FB.com sale to Facebook for $8.5 million dollars, is called out as an example “domain scalping.”
LOL.
“Pro advice” on domains – from a Tumblr (!) blog
According to the “dude:”
While I understand that opportunity attracts business, I don’t think it is good business practice to secure domains, never use them and sell them at a high price when somebody thinks they need them for their business. A good example is fb.com that was sold for $8.5 million to Facebook – what an irony! Unfortunately domain name registrars like GoDaddy do nothing to prevent this practice, which is easily understandable given the business volume that scalpers typically bring. Domain scalping should be regulated by ICANN and people should not be allowed to buy domains and park them for the sole purpose of reselling them. It is very aggravating to spend tens of hours on domain name search, only to find that in many cases the majority of names has been parked.
Naturally, getting any type of serious advice from someone who posts it on a shared medium, such as Tumblr, is a prime example of a no-no. Professional advice most often comes from eponymous sources, or at least, knowledge repositories that are built on actual domain names.
While we understand the envy of some due to being late to the domain investing game, this type of bullshit needs to be called out when encountered.
Of course, in the “dude’s world” FB.com would be available until Facebook came around to buying it, right?
That’s the biggest fallacy bozos like this embrace, that another FB company wouldn’t already own it or that big companies like Amazon, Microsoft, GoDaddy, etc. would never ever stockpile valuable names for their own use, and every domain any startup wanted would magically be there right when they want it.
VM Freeman
DomainRecap.com
The dude abides no knowledge of real estate or he would be saying the same thing about raw land. But he isn’t. Proof that it’s all about emotions, envy, and sour grapes when it comes to virtual real estate like web addresses.