DomainMagnate.com presents an interview with Daniel, or tetrapak on NamePros and DNForum. Daniel is 23 and a full time domainer/web developer

- How long have you been into domaining and how did you get into it?
The story how i got into the domain industry is a bit funny, at least i can laugh now.. 4 years ago i’ve been helping a guy developing his Dubai related business website, and he promised a lot of things, like to be partners and such. I already had a website under developement with the first domain registered by myself, since then it is my biggest website with over 100k uniques per month, but that is another story. So this guy obviously haven’t paid for my work, but he introduced me the so called domain parking.. He sent me over an XLS file with his earnings of the last month. I was simply amazed when i saw that such domains as *Company*Properties.com (TM name..) can earn $8,000 / month purely by registering it and changing the nameservers. So with his help i figured i would register similar domains, as his top 10 domains were all earning 1k$+ / month, i thought i have nothing to lose. First i registered Properties*Company*.com/.net/.org.. and quickly parked them. Now i was officially R I C H. Then came the surprise… Day 1, no earnings.. Day 3 no earnings.. Day 6 ONE unique visitor! Now, i contacted the guy about my “problem”, and i told him that i believe he has faked his stats.. He said his brother is the one dealing with the domains, so he has nothing to do with them, but he knows a way to get a 50k offer on a domain. Which was…: Sedo Featured Listing! Yes, you guess it right, i had another 40$ burned. No sale… Of course he was surprised, but he asked me a favor, to bid on his domain (regfee name..) on Tdnam for 8k, he said there would be people to overbid me anyway. Sure. This was the end and luckily i had no contact with him since then. The good thing is, i started to earn with Adsense, and everything i earned i have reinvested in domains that were suggested by the friendly guys at over Namepros. The first serious sale was of a regfee hyphenated name for 8k that i registered in my first year.

- How many domains do you own and what is your primary focus?
Xxx names, it changes every day. No dot mobis and no dot asias I mostly own .com’s, but i prefer any other tlds for developement. I had success with .info’s as well, they are my lovely cheap ones (except the renewals!). (more…)

Rick reported this recently on his blog:

It appears GoDaddy.com gives you the option to cancel a transfer, after you have done an account change and the new owner has accepted the domain. How ludicrous is this? I’ve just had it happen a second time. Someone sends you a name, so you send them the money. The next thing they know, they pull it back! All they have to do is go to their account, go to pending account changes, check the box and click cancel. They can do this after it is finished!

Now in both cases it worked out fine because they had pulled it back because of a misunderstanding and quickly did another account change. It still leaves a huge door open for fraud.

I’m sure other registrars would let you pull back a domain as well, after you’ve pushed it.

I suppose it’s been around for a while, but this is the first time I hear about that and this could be a serious problem. Another reason to avoid godaddy and to be extra cautious, especially when dealing with new people.