I'm self imposing a cap of 5 percent or less for my own names in my auctions
POSTED BY Rick Latona IN Web Sites

New York is lovely in October.

When I started out in the domain business I was just like anyone else. I was trying to buy names that would make regular revenue or flip names as quickly as I could for a profit.

My journey has taken another direction over the years. It's lead me into the center. I'm an infrastructure company now. I supply loans, cash-advances, web design and, of course, auctions.

All of this said, it's high-time I honor that position and commit to the community as a whole and not give any preferential treatment to my own portfolio.

Therefore, I'm installing a self-imposed cap of no-more-than 5% of any auction's inventory can be wholly owned, partly owned or even influenced by yours truly.

Part of this has to do with certain competitors saying that my auctions are just designed to sell my own names. While that isn't true, I won't lie that it wasn't a motivating factor getting into the business. It's just the business is bigger than any one man at this point. It's time to set the record straight and the playing field even.

Honestly, I probably won't even use that 5% but I wanted to make sure that people no longer thought that so many of them were mine.

  • http://crinux.com crinu iliescu

    Good to have you back Rick, domainers can make you a star, then can bring you down, that's repeatable history. There is no ofence in criticism and with this commitment you will gain more credibility, maybe you will be the next superstar of domains, you just have to work the crowd at large a bit more.
    crinux.com

  • http://www.tiawood.com Tia Wood

    Nice!

    Btw, everything on your site is "centered" (the text). I don't know if this was on purpose or not. I'm using Firefox.

  • http://www.tiawood.com Tia Wood

    It's no longer centered but appear centered after I closed out the newsletter popup box. But once I refreshed the page (without it), everything appears normal.

  • http://sax.com Anunt

    Hey Rick...if you want to sell all your premium domain names in your own Rick Latona Auctions at low prices...i dont think we give a **** as long as we are getting good bargains...who cares if you sell 5% or 100% of your own domains at low prices at your own auctions...tell the competitors to stop crying like a little baby and **** off.

  • http://www.iphones.ws nick

    i am you a couple of years ago. Just had my best week 5k in one week. Read your interviews all over.
    Bought a domain for 75 and sold it back for 1k in less than 3 days.

    All the best rick .. keep on keeping on. Cheers man.

  • http://www.king.net EMIL @ KING.NET

    That's a great gesture Rick. This gives a big opportunity to other domainer.

    Good luck,
    Emil

  • http://freewebtemplates.me wp themes

    Hi Rick,

    Thanks for the update. Don't let the knockers live in your head rent-free :)

    I found your site from the all the sales at the domain weeky scoreboard.

    I am new to domaining and I appreciate your Daily Domains newsletter.

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