Msg#: 4668916 posted 2:55 pm on May 6, 2014 (gmt 0)
Hi all. I'm interested in a .com domain name on redemption status & currently registered to some kind of digital marketing co. in korea.
It's a personal name and of not much use to anyone else. I need it for an author site.
I'm thinking my best bet to get it is to place a backorder a day or 2 before it drops (rather than contact current owner, try and get them to renew, then buy it from them, which would flag my interest).
a) is this the best strategy? b) should I place backorders with multiple companies or am I then bidding against myself? c) any other ideas I haven't thought of?
Any advice would be greatly appreciated, as I have never bought a domain before and just need the name, so I can set up the website and get on with writing:)
Msg#: 4668916 posted 2:39 pm on May 7, 2014 (gmt 0)
I did this recently and waited until it dropped on Godaddy as I figured the original owner would try gouge me or wake up and re-register the domain so I quietly watched and waited.
Then it went to GoDaddy auctions starting at $10 and I didn't place a bid, I waited and watched.
On the last day with 10 minutes to spare I sniped it for $10 as nobody else had bid.
I was afraid that if I had bid earlier someone would run up the price on purpose and those that really didn't want the domain, like a shill for GoDaddy, wouldn't have time to run up the price if you sniped it.
Got it for $10 and couldn't be happier.
Most I've ever paid for a domain was from the current owner for $1500.