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- Oct 12, 2003
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Welcome to the official paid sticky thread for DNCountdown.com
The site is growing fast with over 50 signups and over 90 listed auctions in the first couple of days. Although I'll be using this thread to keep people updated with new auctions etc I would welcome any input you might have, good or bad, about things you would like to see, things you don't like etc. Please keep your comments constructive.
For those who don't know DNCountdown.com is a reverse auction site. This is not a new concept in itself but, as far as I know, it hasn't been applied to domains before. Rather than the normal auction system where people bid against each other until the auction ends, a reverse auction *begins* with the highest price and decreases until the domain is bought, the reserve is hit, or the allotted time (in this case 7 days) runs out.
The advantages of the system for a buyer are that you do not have to worry about 'phantom' bidders pushing the price up, or being sniped in the last 5 minutes. As a seller the benefits come from knowing the price range that your auction will sell and a wider market as buyers will all have an idea of what they can afford or want to pay. Thus no potential buyers are eliminated until the auction ends.
To start it off I have auctioned with *NO RESERVE* a 3-letter .com. This could theoretically mean that the domain could be sold for as little as $1 (however at the time of writing there are 5 bids so this isn't going to happen). The auction was started at $12,000 and has been decreasing $50 every hour ($1200 per day) since the start. After feedback from some members I have lowered the auction running time from 10 days to 7 days but all auctions placed before that change will still run for the 10 days.
There are NO FEES for buying/selling. Currently (as I'm not an escrow service) the site works on the same principles as dnforum - buyers and sellers are expected (on their word/honour) to complete sales or purchases.
Anyway I welcome all suggestions and comments and look forward to hopefully turning the site into a useful addition to a domainer's marketplace tools.
The site is growing fast with over 50 signups and over 90 listed auctions in the first couple of days. Although I'll be using this thread to keep people updated with new auctions etc I would welcome any input you might have, good or bad, about things you would like to see, things you don't like etc. Please keep your comments constructive.
For those who don't know DNCountdown.com is a reverse auction site. This is not a new concept in itself but, as far as I know, it hasn't been applied to domains before. Rather than the normal auction system where people bid against each other until the auction ends, a reverse auction *begins* with the highest price and decreases until the domain is bought, the reserve is hit, or the allotted time (in this case 7 days) runs out.
The advantages of the system for a buyer are that you do not have to worry about 'phantom' bidders pushing the price up, or being sniped in the last 5 minutes. As a seller the benefits come from knowing the price range that your auction will sell and a wider market as buyers will all have an idea of what they can afford or want to pay. Thus no potential buyers are eliminated until the auction ends.
To start it off I have auctioned with *NO RESERVE* a 3-letter .com. This could theoretically mean that the domain could be sold for as little as $1 (however at the time of writing there are 5 bids so this isn't going to happen). The auction was started at $12,000 and has been decreasing $50 every hour ($1200 per day) since the start. After feedback from some members I have lowered the auction running time from 10 days to 7 days but all auctions placed before that change will still run for the 10 days.
There are NO FEES for buying/selling. Currently (as I'm not an escrow service) the site works on the same principles as dnforum - buyers and sellers are expected (on their word/honour) to complete sales or purchases.
Anyway I welcome all suggestions and comments and look forward to hopefully turning the site into a useful addition to a domainer's marketplace tools.
