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First-Timer Bidding on Auction
akreider

10+ Year Member



 
Msg#: 3089322 posted 10:18 pm on Sep 19, 2006 (gmt 0)

I'm currently bidding on a SnapNames .org domain auction for a single-word (8 letter) noncommercial term. The domain was slightly used (has a PageRank of 4), but doesn't have back links worth that much. The keyword gets around 40 million results on Google.

I'm trying to figure out how much money it will go for, and whether it is worth my while bidding on it.

On the one hand the keyword is perfect for my needs and it might never be available again.

On the other hand, I really don't have much money and I'm worried that this could be expensive. And I'm already ranked well for this term, so having it wouldn't necessarily improve my traffic. It would make name recognition a lot easier.

Could this easily cost $1000? Or more?

The auction just started - so the price is around the starting bid. There are 19 bidders. Is that normal?

It looks like single word terms don't come up for auction that much and that they are significantly more valuable than two-word terms.

 

Webwork

WebmasterWorld Administrator webwork us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 3089322 posted 8:22 pm on Sep 20, 2006 (gmt 0)

19 bidders, for a decent .Org domain, is entirely normal. If Vaxis and Bonkers and the usual cast of characters are on the list say "bye-bye". They aren't nutty, just well financed, and lately anything worth a hoot has easily been going for over $1,000.+ 19 bidders is a fair sign that there's something worth looking at.

Boats.org just went for over $50,000 in a 2 person bidding war.

Know your price and stick to it. No impulse bidding or last minute change of heart. I hate to see them get away from me but you have to have a handle on why you set your max bid and hold onto it.

Most bid activity will happen in the last hour, down to the last minutes. Sometimes people bid the domain up to send a signal of interest but that's seldom an advantageous move. IF there are other players they don't care about signals. All the care about is their valuation model and whether your bid exceeds their pegged price.

Though there are times that I think even the big boys/girls might be acting out of ego or as a result of having laid in the sun, sipping tequilla, for a few too many hours that day. :-P

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