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  1. #1
    Join Date
    Nov 2008
    Posts
    154

    Life of a domain auction

    The offer

    The offer came in at the requested minimum, that was everything needed to get the auction started. So it did.

    The promotion

    The promotion included ads at Facebook and Goggle, Twitter and Facebook posts and paid advertisement with the domain broker.

    While Facebook placed thousands of ads on their site, the bounce rate, according to Google Analytics was an amazing 100 per cent. At least with Google, being at times slow to show any impressions at all, the result, when they got going, was something I could live with.

    The auction

    The auction did not move. Despite trying to raise awareness for the auction itself, the domain name, nfcsmartphones.com and the underling upcoming new (NFC) industry, by getting the word out as described above, nothing happened during the seven days the auction lasted. No one bid and the domain sold at the original 140 USD offer.

    Summary

    Don't put up an auction at minimum. The buyer, when making a bid, might be the only entity on the planet, interesting in your domain. Thus a second bid might be highly unlikely. On the other hand if the bidder really wanted the domain he or she might have been willing to pay a (much) higher price.

    Footnote

    There was one important fact that I noticed while checking on the (non-existing) progress on my auction. From all the other domains being auctioned off before mine, most of them had a single bid, and sold at that one bid.

    Conclusion

    At Domain-inventory, the time of offering domains for the bare minimum has gone the way of the dinosaurs.

    To any prospective buyer.

    Have no fear, as you know, the domains at Domain-inventory are all worth much more than the asking price.

  2. #2
    Join Date
    Dec 2010
    Posts
    300
    As far as I know you can run your auction here on your web site.

  3. #3
    Join Date
    Jun 2009
    Location
    Earth Surface
    Posts
    503

    Yes! But What About Cost Implication?

    Quote Originally Posted by Siberforum View Post
    As far as I know you can run your auction here on your web site.
    Yes! It is true, that one can personally run the auction, but what do you think about the cost implication. Though if there is a good sales, it would be ok. I think it is a good long term program to make the site have reputation. That was a good hint from you. Thanks.
    Bitcoinalytic.com | For sale at Flippa WalletDevice.com | Walletical.com |My Blog DNCombo.com

  4. #4
    Join Date
    Jun 2009
    Location
    Earth Surface
    Posts
    503

    Too far to Get to Bidding point if any!

    Billy, It is not easy to bid nor buy domain on your site. 1. There are too many clumsy links to get to the bidding or buying point if any.
    2. Reputation is another thing. I suggest you put a link to a popular site as the point of sales and tn have easy transfer for the new or potential buyer.
    Pls don't be offended by my advice, it's just my views.
    Last edited by elevator; 2011-02-08 at 07:16 PM.
    Bitcoinalytic.com | For sale at Flippa WalletDevice.com | Walletical.com |My Blog DNCombo.com

  5. #5
    Join Date
    Nov 2008
    Posts
    154

    Red face Now, where is that end-users who ....

    Quote Originally Posted by elevator View Post
    Billy, It is not easy to bid nor buy domain on your site. 1. There are too many clumsy links to get to the bidding or buying point if any.
    2. Reputation is another thing. I suggest you put a link to a popular site as the point of sales and tn have easy transfer for the new or potential buyer.
    Pls don't be offended by my advice, it's just my views.
    Thanks for your comments.

    Did I mention the auction (for NFCSmartphones.co) was run by SEDO. I do not run any auction, I only provide the domain names.

    The point I was making was that despite a lot of of effort no-one was bidding but the original bidder. ( And please no comments from anyone on what a worthless domain it was...)

    As far as the site being clumsy,yes it's home made, but I've seen worst.

    When It comes to domains, you can't choose where to buy - whoever got the one domain you want, that's where the buyer has to go - through SEDO, GODADDY and the global marketplace.

    That's what I am doing, but rest assured, proceed from any sale will go into improving the site.

    Now, where is that end-users who ....

  6. #6
    Join Date
    Jun 2009
    Location
    Earth Surface
    Posts
    503

    I mean No Harm nor Abuse

    Quote Originally Posted by Billy View Post
    Thanks for your comments.

    Did I mention the auction (for NFCSmartphones.co) was run by SEDO. I do not run any auction, I only provide the domain names.

    The point I was making was that despite a lot of of effort no-one was bidding but the original bidder. ( And please no comments from anyone on what a worthless domain it was...)

    As far as the site being clumsy,yes it's home made, but I've seen worst.

    When It comes to domains, you can't choose where to buy - whoever got the one domain you want, that's where the buyer has to go - through SEDO, GODADDY and the global marketplace.

    That's what I am doing, but rest assured, proceed from any sale will go into improving the site.

    Now, where is that end-users who ....
    Billy, I mean no harm nor abuse. I have just tasted what you are talking. Can you believe some one bidded my pomade.co for $14 only last 2days at one auction. The funniest thing is he has to pay me through the bank wire before taking up the domain. Any domainer knew how much is the official registration fee for .co domain extention. Is this not same thing you are talking? May God help. Cheers and happy valentine day.
    Bitcoinalytic.com | For sale at Flippa WalletDevice.com | Walletical.com |My Blog DNCombo.com

  7. #7
    Join Date
    Nov 2008
    Posts
    154
    Quote Originally Posted by elevator View Post
    Billy, I mean no harm nor abuse. I have just tasted what you are talking. Can you believe some one bidded my pomade.co for $14 only last 2days at one auction. The funniest thing is he has to pay me through the bank wire before taking up the domain. Any domainer knew how much is the official registration fee for .co domain extention. Is this not same thing you are talking? May God help. Cheers and happy valentine day.
    I feel for you, because that hurts. After the low sale of my domain I have raised prices on all of them. I don't want to go through such a bad experience again, where someone gets one of my domains for a tiny fraction of what is worth.

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