Ooops! Negotiated WAY too hard on this one...
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- เผยแพร่เมื่อ 21 ก.ย. 2024
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Doug from Switchcars can flip almost anything for a profit, but can he sell an automotive domain name for as much as a house? Let's see.
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One time, a new firm sent me a cease and desist and threat of a suit out of the blue because of a domain I owned. I had owned this domain for several years. I sent them a letter stating that, based on dates of registration and founding, it was I that actually owned their firm's name, and soon they would receive a cease and desist from me.
They countered with a more cordial tone and an offer to buy my domain at a more than fair price. Thing is, if they had just contacted me politely, I would have sold the domain to them for 30 times less than what they paid me, and they would not have had to pay their attorney's anything as well.
Bullies bullying had to pay up.
#NameThatDomain
Sell it to Rabbit for $4K and watch him milk $50K out of the guy.
Whos the rabbit?
@@jason200912 Robert pitts, guy who talks on this channel.
Absolutely DO NOT sell it to Rabbit….without an ironclad agreement that a full length video of ALL the transactions with the aforementioned arsehole are posted within 24 hours of each back and forth communication due to me buying all the Orville Reddenbacher stock I can find!!!!!!!!!!!!!
@@timefortimboif only he asked “Who’s this rabbit guy”. Still remember how He said that line in the video about the Best first day as a car salesman
I'd be demanding $30k:
$5k initial sale price & $25k in saved 'lawyers fees'.
godaddy quotes for 25 k as for now
Right!
Kaan Kaant i cant stand when people are quick to threaten with lawsuits
No sir, that's the wrong breakdown. $5k for the domain, and $25k for putting up with that tool
$5k subtotal and $370k stupid bitch fee.
Rule #1 don’t threaten the person you are trying to negotiate and buy something from
The world of domain flipping is very foreign to me but it does seem right up Doug's alley. We will have to see what the other party thinks of this video!
We need that URL to be a direct link to this video... like yesterday ;-)
The IT guy at my old office was very conservative. But, his son was obsessed with underground hip-hop and rap artists. He would buy the domain names of up and coming artists that he heard his son talk about. He would make $5,000.00 a year.
I'm 30 now but I really wish I was 30 during the .com boom! Man people made millions of it!
@@edwardgreenjr167 Done
@@switchcars He would show off a new Rolex or Gun he bought.
“We’re gonna take it from you.” Ahh in true British fashion.
O yah pass me my gun and hold my beer
Rich coming from the country who threatens everyone with nukes when they want something or just find a reason to go to war with them👀🤣🤣🤣
@@elite_riddimzgaming3427 bold to assume I like the United States 👀 no country is free of criticism
"By golly you can have it back, for this is far too laborious to orchestrate with any semblance of frugal regality." - The Modernist British Empire 😏
@@elite_riddimzgaming3427 1776 said we don't care what the UK says anymore. You hate us cause you ain't us.
Some unique insight into the world of car...web sites today! Thanks Doug. Hopefully you find another buyer.
Woo woo The Mexican Stig returns!! He is like Ohio's Batman.
After a little research it seems Doug registered the domain in 1999, 5 years before the UK company came on the go. So the funny thing is if this is correct if Doug took out an international trademark through the Madrid Protocol he could possibly force the guy to change his company name as he used the name in the market first.
Interestingly enough there used to be a dealer in Florida called Cars for Stars LLC....although judging from their defunct FB page, they probably wouldn't give me five bucks for it.
I'm wondering why he didn't return with a price range, like maybe $3498 to $5876, not that it would be accepted now. If he does try to make life difficult go after the trademark.
If Doug really wants to cheese the guy off, he could start a car locating and rental business in Cali that finds specific cars for the TV and Movie industry. ;)
BTW, Ed, speaking of lawyers, You need to have Steve Lehto on this channel talking about some of the fun he's had with lemon law lawsuits and his own foray into the car world. He used to own an Army Deuce and a Half and some muscle cars. He's also written books about Richard Petty, NASCAR, and the Superbirds and Dodge's winged cars.
“My pride has a price. It’s $4k.” 😂😂😂
I saw the words shrewd negotiator and had to click it
So I am guessing you watched shrewd negotiations in hazard county
Figured it would be Ed.
Sadly disappointed.
That background research is a sign of a true shrewd negotiator
Can you imagine a world without lawyers?
In my experience with the court system in the US, it’s basically like a 10 year old sibling argument. The whole thing is an absolute joke, but if you don’t play their game and argue back then you’re going to get screwed.
Lionel Hutz can. It makes him shudder
How do you recommend disputes be settled, pistols at dawn?
Everyone hates lawyers, until they need one.
Everyone loves architects, until they need one.
Perhaps you need to check out some of the vinwiki stories about how lawyers have got people out of speeding fines?
You have to be a complete idiot to think that's a good thing.
Should look up some competitors and rent them the domain name so they can link it to their own sites instead, stealing business from the guy when people search for his business
That could actually be a trademark issue
I look forward to to these every day. Thanks Ed.
Our pleasure. Thanks for watching!
“Now that we’ve both established that we’re smoking crack"
I thought he was being literal until I watched the vid
And the Cars for Stars guy is still not sure where his cat went...
Brett Bilger this needs more likes
Genius comment! 😂
Don't you love it how Doug knows what he's talking about! And explains it impeccably for everyone...
The idea of public domains is brilliant but flipping them is a whole other level of genius. Back in the 90s people would just lock in OG domain names as if they were character names in popular video games with the sheer hopes of selling them. I am glad Doug knew his way around the particular set of laws he was up against!
This is frankly one of the best stories in a while. Really loved how he handeled the situation. I hope we can expect a follow up if the domain does get sold for the 4k
When your shrewd negotiating skills are so powerful, you plug your domain on a TH-cam video about shrewd negotiations.
I freaking love Doug’s stories. Between just Doug, Rabbit and Ed (of course) I could watch Vin Wiki Car Stories all day.
I have done that. It was a good day.
Boy do I hope someone ponies up the $4k and we get a follow up to this one!
“And then my wife started moving the mouse towards my 621 gigabyte work stuff folder”
*VinWiki music plays*
“So it all started when I stumbled upon this link...”
Two words. "Trademark Distinctiveness." This is an awesome story!
The 'dislikes' on this video were all from the Cars for Stars guy's legal team!!
I’m a Brit and I like this story! If it’s yours, it’s yours- always somebody trying to get something for free and they don’t like it when you shut the door on them.
The dacia Sandero... no wait... cars for stars is taking the UK by storm!
Doug’s stories are honestly always the best stories on this channel 👍
Agreed, he's my favorite story teller. He's very candid lol and his exotic car related shipping/flipping stories are the best
I respectfully disagree. Rabbit is my favorite. Ed and Doug are tied for 2nd in my book.
Not saying you guys are wrong or anything, just adding my opinion.
@@coletrickle1775 Me too lol
And to think probably the amount of money missed out by him for just not buying it for 10k. Arrogance at its finest. Good on Doug for holding ground.
I can relate to this story. Shrewd negotiation is perfectly fine until they cross the line and hit a nerve. And once they cross that line I will NOT do the deal. I was selling an item on eBay via the 2nd chance offer. I offered to sell it to the guy at the price where he got outbid. After a couple of days of haggling over a $50 I was ready to give in and let him have it until he said, "The market value of the item is steadily decreasing. It would do you well to sell it to me. Otherwise you’re going to miss out. I also calculated what it would cost you to relist the item and ship it to another buyer. Your net profit will be much less than what I’m offering you right now."( This was the mild version of what the guy actually said to me in email) So I replied by saying, “OK. No thank you. I’m not interested in going forward. I have another interested buyer. If I happen to find another one of these do-hicky gadgets in the future I’ll reach out to you.” What ticked me off was that he decided to discuss what it would cost me to not do business with him. I couldn’t help but to snub the guy as a matter of general principle when he thought he had me over a barrel. To add insult to injury, I publicly resisted the item and sold it to someone else for less than the first guy's asking price.
Well I thought this one would have been Ed.. He did get punched in the face for speeding 😁
True
@@EdBolian Would be hard to forget that episode, Hope you have a good day Ed!
Hold up, which one was that?
@@godlyobject6509 just search "Punched on the face for speeding VinWiki" first one 👌
@@jus__gra Missed that one. Cheers!
Apparently Ed stepped in and bought the site for $250 from Doug... then after watching a single TH-cam video...spent $4750 on Search Engine Optimization for Google. He’s now in negotiations with the UK’s 🇬🇧 largest direct limousine for hire service. Their first offer was $50,000 but Ed politely declined and countered with $325,000 assuring them he would wait before notifying ALL their competitors and secondary brokers. Ed had one final statement before boarding a private jet to the U.K. 🇬🇧...
“After a lengthy negotiation with their most perspicacious arbitrator we decided to meet somewhere in the middle at 325k... euros 💶”
VinWiki music starts playing
"You can't copyright a phrase, that's not how it works."
Wow, this really is The Greatest Show on Earth™.
Best story ever Doug! Loved it. Thanks for including us with that story.
This is quite literally the best episode of VinWiki I’ve ever watched, epic story. So glad you didn’t sell it to him
Doug is so chill 🤣🤣
" no no we're gonna take it from you. "
" okay .... cool "
Shrewd negotiation is starting to seem very important! 👍👍
No matter the end result, at least you were shrewd and didn't take no BS!
I'll give you $1 and sign a doc saying I will never sell it to that guy
“.... and she said, well I don’t have a vagina”
*VINWIKI INTRO PLAYS*
“That’s some nice trolling there, Doug” (-in best Chief Wiggum voice possible)
Last time I was this early, Ed was still touring small town Iowa.
Last time I was this early, Ed's face inside an IndyCar hadn't been broadcasted nationwide.
The guys trustpilot is hammered with 1 star reviews for how he actually operates lol.
Really enjoyed this one, great story, and so glad he didn't give in!
Now carsforstars.com redirects you to this TH-cam video😂😂😂😂
No it doesn't.
@@RadRidesByCru it does , I got a security warning at first ,but if you ignore that and choose to continue you'll get the video
@@peterjoseph8723 No you won't.
did a search...
"Cars for Stars was set up in Northamptonshire in 2002 by two brothers, Stephen Hughes & Andrew Hughes. The business started trading in 2003 as a limousine hire franchise bringing something new to the industry. Although neither Andrew or Stephen’s backgrounds included transportation or the leisure industry, combined, they had a great mix of marketing, sales and customer service skills.
In 2005 Cars for Stars was named runner-up as Limousine Operator of the Year in 2006, voted Limousine Operator of the Year in 2008 the company relocated from Northampton to London to focus on the growth. The in 2010 Cars for Stars was acquired by the UK’s largest luxury transport hire network, TBG HQ (Transport Broker Group). This meant that Cars for Stars merged with a much bigger network, giving the brand more room to grow. TBG decided to restructure the franchise operation and focus on the brand growth as an agency for limousine operators."
I love the way this guy approaches things and I love this channel even more because it shows how the real ballers actually play ans separates the real ones from the guys who own a car and think they're some kinds or some shit , these are the real players .
Sell the domain name on eBay now, highest bidder takes it! Sit back and enjoy the bidding war!!!
min 8:15 "People who yell the loudest never back it up...."
.
For starters, I have a deep knowledge of Trademarks, he is absolutely right about the nuances in the Trademark laws (vs copyright). But most importantly, he has very practical knowledge of how the lawsuit is implemented.
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This video should be used in business schools - related to negotiations and Trademark law. Every step of the way he has shown a mastery of how to practically negotiate. Void of emotion, he is absolutely able to say, we are both smoking crack on our first offer, now let's find some common ground.
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It also shows that if the UK person had not been lazy, done some investigating into the website owner, he would have seen that the owner did draw value from the website and would have to have prepared a more valuable offer (rather than a mere 500 bucks).
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you know, a simple phone call and "pleasant discussion" could have resulted in getting a gut feeling of the website value, making a new friend and more reasonable offer that would result in a successful transaction.
.
Instead the Brit chose to do some sort of lazy childish hard ball and got no where.
Damn. Worth the 4k just for a laugh. God that would be fun.
Unfortunately I'm in a troll recovery program and I'm sure my sponsor would shut me down,
That was the best opening line! :D
“And this is when I realized I bought a kids size t-shirt...”
*VINwiki theme song queues*
i like how the website re-directs to this video now :D
Awesome stories Doug!!! Very truthful and great advice!!!
The best entrepreneurs refrain from emoting during negotiations.
When the buyer changes the tense of the negotiation ( instead of making an offer on something you've told them is not for sale, they ask what you want for it) then tell them to get lost because you can get into a legal situation that your not bargaining in good faith.
When they try turning you into a seller instead of them as a buyer you know you're being conned.
Don't try to be all cool about and think you can out con them.
They have thought long and hard about this and have got more ways to get you than you've thought up to get them.
Just tell them to walk away.
Redirecting the domain to this video is probably the most evil genius thing ever LOL
This is great, I ended up looking up the WHOIS before the video was over. What I want to hear is the story behind why Doug owns prodrumlessons.com.
Idk, maybe one of us can try negotiating a car for that domain and we can get a Car Story out of it
You absolutely can trademark a phrase.....
If I had the money, I'd be willing to buy that domain from him. Then when the guy contacted me be all "Well, I paid 500 dollars for it, and your offer sounds great. But I like it so much, I think I'll keep it"
Reminds me of the guy at a flea market who was selling a lamp. He wanted $25, a woman came up and offered him $5. He said no, she said you won't get a better offer, I'll be back later. She came back and asked if he had changed his mind. He said no, she said look the days half over, you probably won't be able to sell it why don't you give it to me for $10, he said no. She came back again at closing and said look you haven't sold it, instead of dragging it back home I'll give you $5 for it. The man replied I'm not taking it home, with that he threw it on the ground and broke it into a hundred pieces. The woman screamed why did you do that to such a beautiful lamp. To which the man replied it can't be that beautiful cause nobody bought even at $25.
"...So I made a discovery that my wife had not been using her birth control"
*VINwiki theme plays*
I've found that in most interactions it's always best to lead by being nice and putting the other person in a position where they like you and want to help you. Worst case scenario is that it doesn't get you anything and you still have the option to get tough later. But more often than not it can be beneficial. We were looking at buying a car and the dealership tried to tack on all kinds of additional charges and fees-and was insulting when we insisted on paying the price quoted. They finally came back with a good deal, but at that point we were done with them on principle.
One strategy is to put indecent things on the domain which force them to buy it or their reputation could get damaged.
I Start My Day Watching VinWiki Everyday
SAME. And Joe Rogan of course.
and both business owners noticed a spike in traffic for both websites today...
you had me at "smoking crack"
Sometimes it's just the principle of the thing...
This is a lesson in how not to negotiate from both sides.
@One Two True story and to the people who are up in arms about the $500 offer... Doug and Ed lowball on every first offer. That’s how the game is played... Ed even admitted it in a video and said he gets hate messages all the time for low balling. If that guy would have offered $5000 Doug would NOT have accepted the deal. In the entire history of shrewd negotiating not one single first offer of “make me an offer” has been accepted. It’s contrary to shrewd negotiating...
@@xrayron9557 Absolutely, you always try to get the other guy to go first then you go a couple rounds regardless to get the best offer from both sides.
Some people are poor negotiators and do take lowball offers. All you have to do is watch that Pawn Stars show.
I'd post on it "this domain is under new ownership, and has been sold to the new owner for the sum of $21.99 US dollars."
“No ya didn’t ... No ya didn’t...” Doug 2019
Reminds me of a scene from the Blues Brothers
"Now that we both established that we're smoking crack" 😂😂 killed me!
Would anyone else be more than satisfied to have the lifestyle of anyone that has ever been on VinWiki ?
hit the nail.
Hahaha yeah the multiple stories that everyone has on this channel is insane. Meanwhile I gotta be at my shitty job in 40 minutes.... LOL
Totally awesome decision! It almost makes me want to buy it from you to help you out, and then sell it to him for twice that, just to burn him.
“I knew that if I grasped it any tighter, I would probably pass out”
*VINwiki music starts playing*
Good lessons here in negotiating
Dudes think there is no harm in low balling and this shows why there is
I rather enjoy seeing/hearing about when someone's flex goes horrifically wrong. Even better when someone is trying to take advantage of someone else that they think is less intelligent. Great story!
I wish I could buy that domain name from Doug. I don't have the money to build the business around it, let alone the asking price for the site that Doug wants. If I were to get it, I'd probably create some sort of car rental or matchmaking service catering to the TV/Movie industry.
Awesome story 'cuz it's so reminiscent of a similiar situation my company had with another company that tried to legally intimidate us with trademark infringement on a domain we owned many years ago. Same scenario - our companies were in two separate countries, and the only commonality in the domain was the adjective 'Wicked'. After being contacted by their "in-house" attorney with threats of lawsuit...I contacted my own attorney for legal advice. He suggested we offer to sell them the domain - but ask a ridiculous price. Similiarly, we weren't making much use of the domain at the time and hadn't generated much traffic to it...so I opted to offer it for sale. We negotiated back and forth and we ended up selling it for substantially more than we could have earned from it in revenue. Two years later they allowed the domain to expire (lol)...and as tempted as I was to re-register it again...I left it idle.
Now that there was a prime story with a lovely ending.
Sell it to his biggest competitor
Make a parody site of his Limo business on your domain so it annoys him but he can't sue you as parody is fair use
I just knew with the title this was a Doug story, I was not disappointed!
Love your stories Doug, but how is “reselling allocations” different from scalping?
and this, ladies and gentlemen, is how you sell a domain name for 4k
So, 3997?
LOL, I hope that domain gets passed around to troll that guy forever.
I’m a commercial litigator with 25 years experience. People like the Brit who tried to bully this guy into selling carsforstarz.com for basically nothing are the reason why commercial litigators have jobs. If people would only be reasonable and not greedy and crazy and ruled by their ego there would be very little litigation.
You should make the website into a parody Lambo rental service. Not limo but Lambo. LoL that would really get their goat.
Carsforstars.com will sell today, and there will be multiple offers just to punk the Brit.
Ask the guy if he would be willing to sell his domain names instead lol
Doug has a thousand stories, and I have thoroughly enjoyed them all!!
I love the pettiness! Lol
I was going to offer my services and create a fake website for free, just for lols but then I saw that the domain redirects to this video. Well played!
And for this.. you have earned my thumbs up
We Brits aren't all a***holes. Sorry he showed us at our worst. Well done.
You know Doug set up that VinWiki intro moment on purpose.
THE best vinwiki into ever😂😂😂
I'd give you $300 and just redirect it to this video 🤣
Great story! Hold on to that domain it will sell for $500k
I had this same experience some years ago with a Chinese company that wanted my domain. They offered $5, I said 10K. Instead of coming to a middle ground, they spent at least 10 times that putting me out of business. They contacted me some months afterwards that it went that way essentially for bragging rights for being able to squash a mom and pop business. Yeah, way to go Wang Chung...
I'm glad you didn't sell the domain.