Can canadians buy a domain and get hosting from what is the exchange rate??in USD curre?

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My first question is: Can canadians buy a domain and get hosting from what is the exchange rate??in USD curre?.

My next question is: I understand there are people including myself looking for bargains and we do get domains at bargain prices.

I wonder it is ethical to do that as we know that certain domains are worth much more than the seller ask for.

I understand there are some people who got domains at fraction of their value recently due to IREIT's error.

Is domaining (esp at bargain prices) ethical?..

Comments (35)

Your question was: Can canadians buy a domain and get hosting from what is the exchange rate??in USD curre?.

Absolutely! It's called "business" happens everyday by many people, not just domainers...

Comment #1

Agree Steve.

I don't think many people would consider it unethical to purchase LLL.coms for $900 because they were listed at that price.

If on the other hand you tried to convince someone that their LLL.coms were only worth $900 (digging up sales data from 2004-2005), that imho is unethical and not something you'd find me doing. The latter is beyond unethical - a scammer imho...

Comment #2

But we are taking advantage of people who lack the knowledge of the actual value of their domains or their mistakes...

Comment #3

It's their own fault. They should at least know about the property they own, because they own it. It shouldn't be left up to domainers to inform them of the actual price of the domains...

Comment #4

Ok. Fair enough. You, domainers and I should not feel bad about getting bargains then...

Comment #5

They can research it, can't they? A quick search for a HostGator name appraisal yields a ton of results.

Going back to my car analogy there are tools available to give you the value of something if you're not sure. This is especially the case with the Internet. If a HostGator owner gets an offer for their HostGator name one of their assets it's that owner's own fault for not educating themselves on the value of something they own...

Comment #6

Of course domaining at bargain prices is ethical.

The only unethical thing in this business is cybersquatting IMHO...

Comment #7

Why cybersquatting is unethical? If some new things happen, everyone has their right to register domains either to keep them or to develop them as they want to...

Comment #8

No, that's not the case if a HostGator you register infringes on others' trademarks or is registered in bad faith.

If I buy "" something generic that's fine; but when I buy "" to profit from the keywords or to sell to Disney for $500,000, then I'm doing something unethical...

Comment #9

But for example, there was the topic about "hybrid embryo" discussed a lot recently and I registered hybrid embryo (.) com to set up a website if I got time (never get time for it so far as there are more important things to do), why it should be unethical?.

I think what I am doing is not cybersquatting...

Comment #10

It depends if we're working off the same definition of cybersquatting.

Parking or simply not developing a HostGator is not necessarily cybersquatting, unless it's registered in bad faith. If you registered and parked "" and collected parking money, you'd be cybersquatting.

If you own the HostGator you listed, you've registered a generic term that nobody owns the copyright to, meaning you're not cybersquatting...

Comment #11

The same question about ethics could be asked for every market. If you have ever bought a stock you would have to ask the same question because I guarantee someone playing with the stocks know more about the business than you and I. Regardless of the strike price, the sale price, someone knows the company is going under tomorrow and 3,000 people just bought the stock. It's your business to know your business or you will be eaten alive in any market. If someone offers you a $1 for a painting on your wall, well you better find out why that painting has value to someone other you, agreed?..

Comment #12

Buyer beware .....seller be aware ...... is my motto.

A while back I answered an ad (CL) for a digital VCR. The item was a "Digital Video Machine" by Alcorn Mcbride. 10k plus item. I bought them both for $200.

This person was completely unaware of the value. This same person placed the ad. I asked a few peeps about it and most agreed with my keeping the items. So did I. I supose if it were a little ol lady I might have clued her in.

The ireit issue has never been resolved as far as I know. They may have been bleeding and needed cash. Or someone forgot to add a zero to the end of everything. No matter what the statement explaining the actions says we will never know if it is the truth or just damage control. However I don't think anyone should feel bad for taking advantage of a market anomaly. Power to them (lucky stiffs).


Comment #13

Actually I had some communication with ireit and they said they put wrong prices for the domains. I was asking for HostGator list from them but they said they are changing the HostGator prices as they were wrongly put...

Comment #14

I would have had to say the same thing ..... especially if not true...

Comment #15

Ok you guys may think I'm wierd for saying this but buying a HostGator is like buying a used car. You are prolly going what!?.

Just read this article and relate it to domaining.

Scroll about 3/4 of the way down to this section "Negotiating a used car purchase with a private seller" and start reading.

IMO these tactics in the article are good business sense. The person that is trying to sell a car for way more than what it's worth is the person that is unethical. More often than not the if you educate the seller it will put them on the defensive and make them worried they will not sell the car/domain and make the deal with you, especially if you let them know you have other options.

Now in the case of people not knowing what their HostGator is worth, well thats just user error. Its like buying a house on a shortsale, slapping some paint on it, and then selling it for $50k more than what you bought it for. Unethical, I dont think so. Just good business sense, IMO. This is the type of things that companies have been doing for years, buying cheap and selling high.

About 2 months ago I sold a car that I had for $150, you ask WTF why? Well simply I didnt want the car anymore and it was taking up space. The car ran and was in good condition for the year. I just simply didnt want it, I was aware of the value. The guy I sold it to was part of a dealership and had contacted me through craigslist. He came looked at the car and bought it. After the deal was done he told me he would do a little work to it and sell the car for $2k, I said good for you! So just because you get a good deal does not mean the person didnt know what they were doing, it could be because they simply didnt want it or just didnt have a desire for it...

Comment #16

If someone is going to sell something, it is their responsibility to find out what it is worth, it isn't my job to tell them. If the seller is happy with the price, and I'm happy with the price, I don't see any problem.

The only time it would ever be unethical to not tell a seller what a HostGator is worth is if you are brokering the deal for the seller. I've heard of brokers getting hired to sell a domain, telling the seller it was sold when really the broker bought it himself, and then flipping it for much, much higher...

Comment #17

Bought DATO for 3145, resold for 9 inside of a month. Original owner has no regrets, calls me Mr. Reece and recently asked me for some advice regarding domains + prices.

I think many non-domainers are more than happy to get a "reasonable" amount, knowing full well they don't have the skills or knowledge necessary to see a higher price. I highly doubt the original owner in my case would have seen a higher offer via whois anytime soon and we were both happy with the outcome...

Comment #18

Warren Buffet, you need to read his biography and reports for his company (berkshire hataway). It is the way the world work..

Comment #19

Or for practically every other aspect of life for that matter...

Comment #20

Business is all about research and finding good values for your stuff in this case a HostGator it's their loss if you find a good bargain for that stuff...

Comment #21

I believe that if you put something out there for sale, it finds it's own real value. What I mean is, if I list a HostGator at auction for $100 and it's worth $1,000, chances are I'm going to have a lot of people bidding it up to close to what it's worth. There are too many people in the game who know what they're doing to have someone swoop in and buy up a bargain like that.

Now, a private sale, someone who privately makes a very lowball offer then walks away with a gem..well, then he's good at what he does. Can't fault a person for getting a good deal...

Comment #22

If you endorse the capitalistic system every business deal is ethical...

Comment #23

As two people canhave the same name, so is true for domains. Who has legal right to the domain? If two countries have the exact same companies, who has the right to own a related name?.

If you register a name , and can prove you intend to use it, and you havent regged in bad faith, there should be no problem. Problem comes when you INTEND to make profits off a similar company in question and take steps to do it..

As far as ethics goes, it's a business where your selling something for profit. You regged it, and you own it, and have the right to sell...

Comment #24

It depends. Ethical - register HostGator by finding it's potential or creating value, promote it to end users non-ethical - register Trademark domain, ask high prices from the trademark holder ( mostly happen in Asia )..

Comment #25

People worry to much about ethics with buying and selling...

Comment #26

This happened to be just a few days ago... would any of you consider this ethical?.

There was a .com HostGator I wanted to buy, so I wrote to the seller asking what the asking price was. Before I wrote the email, the HostGator was free any every other major gTLD. A couple hours later, I noticed that the HostGator was registered in net/org/info/biz/us ! Then about another hour after that, I get a reply back saying they're looking for $x,xxx for the domain. So he basically just saw that I was interested in the .com, and then grabbed all the other extensions with hopes of selling them as well, however he claimed he got them all as a protective measure for the overall benefit of the potential purchaser... blah!.

Ethical/unethical? ... whatever it is, it certinaly was annoying and I felt I couldn't do business with him as he couldn't be trusted after a move like that.....

Comment #27

Did you check the whois data of domains with other extensions? Might be different people registering them...

Comment #28

Yeah, that was the first thing I checked when saw they all went taken... all by the exact same registrant that I was approaching for the .com he only registered them the moment he saw that I was interested in the .com ... shockin!..

Comment #29

I see. But I think you can't say he or she is unethical for this...

Comment #30

Well, maybe not unethical - but definitely in bad faith IMHO. Just because I approached them, with hopes of a purchasse, they intentionally monopolized the other gTLD with hopes of making even more money from me, or preventing me from buying the other extensions.

If I hadn't sent the email, the other extensions would have still been free today and perhaps I would be the owner of them. It's just a dodgy move IMHO.....

Comment #31

I do believe that I'd be highly qualified to get into a discussion about ethics. However, the very actions of myself recently, if I were to try doing so here, would make me a hypocrite. So, that said, I just wanted to point out that the statement you made above, Hurley, is about as sorry and scary as any I have seen in some time; and, I've seen some doosies recently. Maybe you should rethink that IMHO...

Comment #32

I say it was smart. They probably weren't really trying to make that much more from you, but rather trying to make sure you don't have an out. If you're staring at an available .net it is a lot less likely you'll pay much more than reg fee for the .com.

Rick Schwartz did the same thing when CNN created iReport, he already owned but he regged every variation so when they wanted to make a site they had to come to him. Sold it for $750k and everyone said he was a genius.

This is a tough business and you have to be shrewd to get ahead. I'm not saying to not have ethics, I'm just saying a puritan will not make it in this business...

Comment #33

HostGator are real Virtual Real Estate.

The same terms that exist in real estate business also exist in HostGator Names.

There is nothing unethical.

You don't try to take advantage of anyone.

However trademarks must be avoided and protected so as people said above if you take this path yes it's not only unethical but also not profitable too.

Unfortunately most of the new domainers find this as an easy and fast solution..

Comment #34

But we are taking advantage of people who don't know how to check HostGator sale history etc....

Isn't it?..

Comment #35

This question was taken from a support group/message board and re-posted here so others can learn from it.


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