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Snapnames changes its policy- Auction system!!!

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Peace

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To SnapNames Customers:

Over the course of the past year, the domain name marketplace has changed dramatically. Accordingly, SnapNames has elected to update the way we capture deleting domain names and make them available to you.

Effective immediately:
Our back-order service will require no up-front fee. You can back-order valuable domain names at no charge.
You pay a success fee only if we successfully acquire a domain name for you.
In the event of multiple back-orders for the same domain name, we'll conduct a short auction, and the winning bidder will be awarded the name.
Customers with existing SnapBack® subscriptions will, of course, receive credit for their subscriptions. For more information, please see our FAQ section.

We look forward to continuing to serve you.

This announcement is from Snapnames website
http://www.snapnames.com
 
Domain summit 2024

deepstar

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I like how they say "please see our FAQ section" yet that statement is not linked nor is there a link to an FAQ section on the page.
 

Sharpy

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Smart. Wait 1 year too long. Alienate most of your drop catching registrars. Alienate most of your customers by shutting down your affiliates. Put yourself in a position where catching a name(fulfilling your comitment) actualy looses you money.

Let the horse out. and now, finaly close the door.

Awsome business model.
 

Digital Address

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It's really the only business model that seems to be working effectively and efficiently!!
 

Sharpy

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Wm. M. said:
It's really the only business model that seems to be working effectively and efficiently!!

Snapnames business modle? Or the one they're attempting to reveal today? I'm refering to the one they've been following lol
 

Whois-Search

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wow - WLS must be dead

I've also been told they have more registers than I thought :

networksolutions.com - Snapnames
domaindiscount24 - rrpproxy.net - key-systems.net - Snapnames
BulkRegister.com - Snapnames
4domains.com ( bluehill.com ) - Snapnames
1dni.com - Snapnames
namebay.com - Snapnames
pairNIC.com - Snapnames
Nominate.net ( BB Online UK Limited ) - Snapnames
TotalNIC.net - Snapnames
NameSecure.com - Snapnames
DomainName.com - Snapnames
Catalog.com - Snapnames
planetdomain.com - Snapnames
getyername.com - Snapnames
domainmonkeys.com - Snapnames
plisk.com - Snapnames
1stdomain.net - Snapnames
007names.com - Snapnames
alohanic.com - Snapnames
annulet.com - Snapnames
name2host.com - Snapnames
aitdomains.com - Snapnames
inname.net ( domainname.at ) - Snapnames
nameshare.com - Snapnames
domainit.com - Snapnames
 

RMF

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I go away for a week and look what happens...lol
 

actnow

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Whois-Search said:
wow - WLS must be dead

I've also been told they have more registers than I thought

Whois, by this action by SnapNames, they are saying that WLS is not going to
happen. And, they need business.

And, just because they list registrar names does not mean they catch or
attempt to catch. Plus, SnapNames was not in a position to say to them
"Fish, or cut bait".
 

StockDoctor

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A credit? Does that mean refund? Seems to me they should honor all existing snapbacks and remove those from consideration. Auctions should be on new snapbacks only. It always amazes me when these services feel they can change the game mid-stream, and apply those changes to services already contracted previously. Maybe someday Domainers will have an organized voice to protest this stuff.
 

Steen

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I think a cool model would be you must pay $x to Snap a domain (less than the current $69) and ALSO have an auction if they get it, but only between those who paid to snap it.

Maybe not the best revenue for Snapnames, but interesting imo.


About this biz model, I don't think anyone can afford to just use a $x fee to catch names, it's all auction, as we well know.
 

Anthony Ng

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LOL! I am looking forward to bidding on some "snapped" names. They said it's effective immediately, but then how long would it take for them to update the site??
 

Digital Address

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Mr Webname said:
Evolve or die!

Quite correct!

Sharpy,

Their switch to this "new" model of "catch it, then auction it" has proven itself to be the best one out there so far. But the suggestion that was also made in this thread of being charged a small fee for a snap beforehand and then being allowed to participate in a private auction if the name was eventually caught seems, at first glance, to also have some merit and may deserve further consideration.
Now, if I'm not mistaken, the only true, upfront fee, drop catcher remaining is GoDaddy!! If that don't beat all!! :'(
 

Steen

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But the suggestion that was also made in this thread of being charged a small fee for a snap beforehand and then being allowed to participate in a private auction if the name was eventually caught seems, at first glance, to also have some merit and may deserve further consideration.

I actually thought it over a bit, and really like the idea :)

Maybe $25/snap?
 

DaddyHalbucks

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from www.SnapNames.com



To SnapNames Customers:

Over the course of the past year, the domain name marketplace has changed dramatically. Accordingly, SnapNames has elected to update the way we capture deleting domain names and make them available to you.

Effective immediately:
Our back-order service will require no up-front fee. You can back-order valuable domain names at no charge.
You pay a success fee only if we successfully acquire a domain name for you.
In the event of multiple back-orders for the same domain name, we'll conduct a short auction, and the winning bidder will be awarded the name.
Customers with existing SnapBack® subscriptions will, of course, receive credit for their subscriptions. For more information, please see our FAQ section.

We look forward to continuing to serve you.


All contents of this site ©2000-2004 SnapNames.com, Inc. - All Rights Reserved
 

clemzonguy

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Quite the change seeing as previously snapnames was getting a lot of good drops despite what people were saying about them sucking. So now pretty much any domain that drops I can get it if i'm willing to pay more than anyone else. I assume this affects all other extensions including .NET .ORG, etc
 

Sharpy

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Yes Snapnames are evolving but "maybe" it's a bit late. They backed the wrong horse, that old nag WLS.(ptp)
Now they gotta play major catch-up. How many registrars will come back?

clemzonguy said:
So now pretty much any domain that drops I can get it if i'm willing to pay more than anyone else.


the rich get richer
 

stuff

Mr Domeen
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Sharpy said:
How many registrars will come back?


I think ZERO
Why would they? Pool is paying very good money, I would not think that snapnames would pay more.

Maybe They simply create new ones.
 
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