Current best place to auction domains?

[DomainMagnate]

Hey everyone,

Where is the best place to auction a few generic .com's now, sedo/snapnames/afternic, or anywhere else?

Considering fees and prices. The domains are mostly in the mid $xxx to low $xx,xxx range.

Please post your recent experiences as a seller with the above. Thanks for suggestions.

 

[EG.domains]

Sedo will be the best. , no hassle like SnapNames .

I didn't try Afternic auctions before. I would recommend TDNAM too, but i don't think you ready to wait 35 days for your payment.

 

[DomainMagnate]

Thanks eg,
yeah 35 days is quite long, but sedo seems to be slow lately as well.

What's the hassle with snapnames? I was considering to give them a try, seeing how their auctions reach pretty high prices, especially for generics..

 

[DNP]

Unfortunately Sedo (excluding Greatdomains one).

 

[EG.domains]

Thanks eg,
yeah 35 days is quite long, but sedo seems to be slow lately as well.

What's the hassle with snapnames? I was considering to give them a try, seeing how their auctions reach pretty high prices, especially for generics..

I started thread on another forum and asked "if anyone sold his domain on Snap before?

Received some replies that shut me down.

They let you set your own reserve which is nice, but the payout (check, wire, or PayPal) is net-30.

Yet when i was interested to make use of this service, i was told there is a minimum of 20 domains you need to transfer, which is 20x registration fee for Snapnames and as far as i can tell no assurance of domains even being placed up for auction.

And many replies like :

I've tried contacting SnapNames on numerous occasions in order to get more information on selling there.

I can't even get them to answer a request for more information.

 

[RazorNF]

I have sold on Snapnames before. Yes payment is net-30, and I've received payment within a couple of weeks whenever requesting a withdrawal. The thing I like about it is they handle everything and there's no going back and forth between buyer and seller... the name is transferred and the money is in your account shortly after the auction is over.

And as you pointed out email contact with them is hit or miss - sometimes you have to email them several times times before they answer.

Whatever you transfer there can get listed. But it doesn't make sense to transfer over garbage given the sales commission. And the audience is more limited, then a general drop auction, given that the only people who know about your auction is the people who sign up for their mailing list or download the daily listings.

And if it doesn't sell, you can just ask them to relist it with a different reserve.

As for Afternic, I had a number of people back out of sales from names I've listed there before, I get the impression that this happens alot there. It's also quite cluttered and you'll need to pay extra for features to get your name noticed.

Haven't tried Sedo and am somewhat reluctant given the many horror stories I read here. But granted, there are just as many people who have had success with them.

 

[DomainMagnate]

So I guess I'll go with sedo for now. So far I had low % of success with them, most of my auctions either didn't reach the reserve (the reserve they recommended me), or the buyer didn't pay. Still it looks like the best option for now.

Can anyone please pm me an email of a good broker at sedo? thanks.

 

[Seraphim]

If you're able to climb the steep slope of agreeing on a suitable reserve price, Sedo/GreatDomains does seem to have a decent amount of reach. Bare in mind their pricing scale for reaching a reasonable reserve is extremely inconsistent and flawed, so do tread with caution when setting a sale price.

 

[acronym007]

I like Snapnames, net 30 sucks but it's guaranteed money. With Sedo there is no guarantee whatsoever for the seller or buyer.

 

[Compassion]

It's hard to say, in some instances using forums seems best.

I just listed a domain at great domains with no reserves and sold it for 1500 euros. I had received offers for 5000 dollars before on a FORUM and I should have accepted.

When attempting to input modems.net with a reserve, they rejected so I listed it with no reserve.

Hindsight dictates that I should have tried Afternic or negotiated further for a reserve or give up on greatdomains. The same domain sold in 2003 for 3000 dollars at Afternic.

Each name is individualistic of course but for now I see no reason not to use the forums in many cases and this way there is time and sanity saved by having less of a hassle and of course there are no fees!

 

[denny007]

As a bidder I am fan of Snapnames, however I sadly have to say for sales probably best is Sedo

 

[Yofie]

I think this thread just shows we domainers need another auction house to sell at..... A different one then exists now. No 30 days to get paid, no transfering etc..

If Justin (spade) and I get off our A$$'s and get going... we have a good idea, we are just having a hard time finding somebody to be able to build us the script we need for the auction system.

Bido.com just might be a new answer as well soon. With the domain, it makes sense.

With what is out there now, I would say Sedo as well.

 

[denny007]

we have a good idea, we are just having a hard time finding somebody to be able to build us the script we need for the auction system

The biggest issue of building new auction house is TRUST. Seller and buyers must be able to trust a new house with up to millions, so it must be someone known and trustable.

 

[INVIGOR]

Bido.com just might be a new answer as well soon. With the domain, it makes sense.

Do you know something about bido that the rest of us don't?

 

[Yofie]

The biggest issue of building new auction house is TRUST. Seller and buyers must be able to trust a new house with up to millions, so it must be someone known and trustable.

I strongly agree. Justin and I are on the forums all the time, with both have perfect trader ratings. We are both very easy to get a hold of, we are both Full-Time Domainers. Justin is the creator of NameBio.com and has a very good hold on domain name values and the market.

A by domainers, for domainers is never a bad thing, as we are one of you.

Do you know something about bido that the rest of us don't?

I do not, but it's a pretty good guess based on the domain. All the investors know that the Domain After market is a good place to be in.

 

[denny007]

Justin and I are on the forums all the time, with both have perfect trader ratings.

Thats good anough for $x,xxx domains but there are only few entities someone would trust them with 6-7 figure domain

 

[Compassion]

The biggest issue of building new auction house is TRUST. Seller and buyers must be able to trust a new house with up to millions, so it must be someone known and trustable.

Perhaps this can be done by teaming up with a reputable big player (adam would be perfect)

A new auction house could appease both buyers and sellers if it allowed 24 -72 hours for a bidder to make a new bid.


The buyer doesn't have to wreck a day to make sure he isn't out bid every 10 minutes and the seller can be assured of the fairest price.

 

[DomainMagnate]

It's gone a little offtopic, still good to see some discussions on the matter. More and better auction houses would be only to our advantage.

A quick question here for experienced sedo auctioneers, I've seen some people reveal the reserve, does it help?

 

[tristanperry]

Unfortunately Sedo is still the best place to sell at. Which is obviously a pain because Sedo suck.

There's such a gap in the market, although I guess "DNF Auctions" would take too long to develop?

 

[BiggieBiggie is verified member.]

It's gone a little offtopic, still good to see some discussions on the matter. More and better auction houses would be only to our advantage.

A quick question here for experienced sedo auctioneers, I've seen some people reveal the reserve, does it help?

I've gotten several offers on different names so far this month at Sedo.

Currently waiting on replies to counter offers.


when I do auction a domain at Sedo, the reserve has already been met.

as I have never put a domain in auction, unless it has received an offer which I would it sell for.

Also, sold thru Afternic's link on Enoms registration page.

When the com is taken, a buyer can click that link, and Afternic will send you the bid.
For non-members", they will "waive" the membership fee if you negotiate the deal with them.