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Hosting platform Epik can’t pay any of its users right now
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<blockquote data-quote="amplify" data-source="post: 2369962" data-attributes="member: 130638"><p>I answered that in the following paragraph.</p><p></p><p>You were there merely for them to collect 9% commissions on sales and for them to upsell/cross-sell new customers as you are not open to using their hosting, their X, their Y, only their registrar.</p><p></p><p>If Epik is a completely new company, disconnected from Heavenly Ventures(?) that provides those services, it would only suggest to me that the only value that you would still provide to Epik is if they could do the same thing. However, since from my knowledge, they don't provide hosting, etc. after the split, it would be unwise to cross-sell people from Epik to an affiliate because then you have 2 companies involved with the contract of 1 person. What's to say the other company doesn't say, "You know what? I don't need Epik. Let me sell my Epik registrar self-hosted customers on GoDaddy and collect affiliate commissions on them for more profit this quarter."</p><p></p><p>Epik would have to create their own hosting platform again, or offer other services, for domainers <strong>at cost</strong> (and with names that sell) to mean anything much.</p><p></p><p>Tell me how you would see anything different. How does Epik make money on you as a domainer at cost? You are the customer, still, somehow, or it wouldn't make logical sense for them to provide at cost domain registrations whatsoever besides name recognition to other domainers, that also pay at cost... so where's the money for at cost registrations if my theory about them collecting 9% and selling hosting to the new buyers wrong? You're getting advertised to somehow (most likely for [old] Epik services, which if you're a domainer only, you most likely would never use) or you are serving as a jumping point for a new customer that wants to build your domain into a business that they can help with.</p><p></p><p>This has got to be the most unintelligent thing I've ever read about this situation.</p><p></p><p>Do you even know what a Ponzi scheme is?</p><p></p><p>Please tell me a scenario in how Epik could ever act as a Ponzi scheme. The only way that they could do that is to pay customer A renewals with customer B's money, but since registrations are yearly, the Ponzi would fall apart very quickly, unlike Madoff, because B's still need to be paid at one point or somebody loses their domain. And, it would be very obvious they were acting in this way because whois is public information.</p><p></p><p>The only way they would get away with it for longer would be making 10-year renewals apply 5 years only... but wouldn't you question your actual expiration date after a 10-year purchase? That would also only help renewals of 5 other names they would need too.</p><p></p><p>You didn't put much forethought into that statement, did you?</p></blockquote><p></p>
[QUOTE="amplify, post: 2369962, member: 130638"] I answered that in the following paragraph. You were there merely for them to collect 9% commissions on sales and for them to upsell/cross-sell new customers as you are not open to using their hosting, their X, their Y, only their registrar. If Epik is a completely new company, disconnected from Heavenly Ventures(?) that provides those services, it would only suggest to me that the only value that you would still provide to Epik is if they could do the same thing. However, since from my knowledge, they don't provide hosting, etc. after the split, it would be unwise to cross-sell people from Epik to an affiliate because then you have 2 companies involved with the contract of 1 person. What's to say the other company doesn't say, "You know what? I don't need Epik. Let me sell my Epik registrar self-hosted customers on GoDaddy and collect affiliate commissions on them for more profit this quarter." Epik would have to create their own hosting platform again, or offer other services, for domainers [B]at cost[/B] (and with names that sell) to mean anything much. Tell me how you would see anything different. How does Epik make money on you as a domainer at cost? You are the customer, still, somehow, or it wouldn't make logical sense for them to provide at cost domain registrations whatsoever besides name recognition to other domainers, that also pay at cost... so where's the money for at cost registrations if my theory about them collecting 9% and selling hosting to the new buyers wrong? You're getting advertised to somehow (most likely for [old] Epik services, which if you're a domainer only, you most likely would never use) or you are serving as a jumping point for a new customer that wants to build your domain into a business that they can help with. This has got to be the most unintelligent thing I've ever read about this situation. Do you even know what a Ponzi scheme is? Please tell me a scenario in how Epik could ever act as a Ponzi scheme. The only way that they could do that is to pay customer A renewals with customer B's money, but since registrations are yearly, the Ponzi would fall apart very quickly, unlike Madoff, because B's still need to be paid at one point or somebody loses their domain. And, it would be very obvious they were acting in this way because whois is public information. The only way they would get away with it for longer would be making 10-year renewals apply 5 years only... but wouldn't you question your actual expiration date after a 10-year purchase? That would also only help renewals of 5 other names they would need too. You didn't put much forethought into that statement, did you? [/QUOTE]
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