By: RH
Hexonet getting into the Premium .tv backorder arena.
In July of 2011 we wrote an article that explained what was going on with .tv with regard to back ordering premium .tv names. The article I got your back, I mean backorder explained that a few people had scooped up all the back orders using Name.com. Name.com has been the only company to offer drop catching for premium .tv domains. So if you owned a legacy premium and were paying $1000 a year, the strategy if you wanted to keep the domain would be to let it drop and pay a one time fee. After that if would be regular renewal pricing. Well a few people went in and got all the backorders, so the legacy owner would have to pay them, or keep paying the premium pricing.
Name.com does not allow for multiple backorders, so only one person controls the backorder. In the 2011 article I wrote how,
What came of this was back ordering roulette. Others started back ordering at Name.com who has been the number one registrar for .tv back ordering and drops. So now someone paying $1000 a year for a name was looking to secure the back order for $49.99 at Name.com.
When they got there, the name was already back ordered. So this put the registrant in an interesting position, abandon the name, seek out the back order holder, or renew for $1000.
I asked another premium holder what he was doing ? " Renewing them all, fuck these vultures, fuck every single one of them."
Well now the game is changing. Hexonet caught some premium names lately including Sanfrancisco.tv and Hamburg.tv. I contacted them and they explained they are now approved for premium .tv sales but the process is not yet automated. Robbie Birkner explained to me they hope to have that process completed by the end of the year.
For now it will work like this:
Unfortunately we do not offer .TV Premium Domain Backorders in an
automated fashion yet. This is planned for the first quarter of 2013.
In the event you are interested in any .TV Premium Domain Backorders,
then the temporary procedure is as follows:
a.) Whenever you are interested in a premium .TV domain, kindly send the domain to rbirkner@hexonet.net and CC jwagner@hexonet.net
b.) Once received we will confirm the VeriSign Premium Price to you +
20%. If you agree, then we will place the domain in our backorder script
and hope for the best.
c.) If the domain is registered successfully, then you have 4 days to
provide payment otherwise the domain will be deleted again.
d.) If there a multiple backorders for the same .TV Premium Domain, then the domain will enter a private auction via premiumsale.com.
Robbie explained that for now you only want to place your interest on names close to expiring, without the system being automated they will not take a backorder for a name expiring next year. Right now you will not have to deposit any money, just email him your interest in a name, if they win it you have 4 days to pay, if more than one person has interest it goes to auction the way it should.
Competition is certainly good imo and its nice to see Hexonet providing some in the .tv space. I can say there are other registrars currently looking to jump in as well.
Great news,finally some competition.
Posted by: Jason | 09/14/2012 at 07:52 AM
I know you have been pushing for this Raymond, nice to see someone step up to the plate.
So I just have to email him my names ?
Posted by: Richard | 09/14/2012 at 07:55 AM
Never heard of Hexonet, but if this is true I am opening an account. thank you for sharing.
Posted by: XZ | 09/14/2012 at 08:22 AM
Thanks for the article Ray, this is greatly appreciated.
We will shoot to have our .TV Premium Domain Backorder Product automated by the end of the year. Our goal at HEXONET has always been to automate as much as possible and eliminate potential sources of error.
The only reason we started to offer .TV Premium Backorders ahead of schedule is that the pressure of our customers demanded it.
For all those interested. HEXONET has two locations. Our head-office is in Germany and the other one in Vancouver, Canada. Our ICANN accredited registrar is 1API GmbH (a daughter company of HEXONET).
If you have any questions whatsoever, please feel free to contact me directly. Wishing all a great weekend.
Posted by: Robbie Birkner | 09/14/2012 at 11:47 AM
Thank you Robbie
Posted by: RH | 09/14/2012 at 05:12 PM
Great news I will give all my .tv business to Hexonet. The monopoly at Name.com is a disgrace.
Posted by: Jess | 09/14/2012 at 07:42 PM
Another Killer Reporting Post Ray!
OK, this is phenomenal news to me, and should be great news to anyone who has any investment in this space, except for those who backordered everything over at name and had all the great names all locked up...lol
First things first.
Any one of us can now be involved in any name we truly want.
We can enter niches that have otherwise been tied up since this whole thing started. Take for instance, Geos. I have never been able to grab a great geo because 2 or 3 people only always had the B/O...Now I can finally get whatever dropping Geo I want if I have the money.
Another killer reason this is such great news...
Every Premium Tv that has been repriced by Verisign has NEVER been offiically reported. We have people spending thousands every day on these names and they never get reported because the powers that be think they are not considered sales (which I still think is complete B.S.) Names like Sports which was purchased for $50,000. Now with these auctions we will have some true numbers to look at each and every week, just like all the rest of the extensions have.
Does anyone that is not bidding on some tv names have a list of all of the up and coming keywords that will be dropping soon? If so, please pm me, or send them to my email addy - sales@thedotstop.com
This could get interesting :)
Posted by: Vito | 09/17/2012 at 03:14 PM