Success!

RJ · 12-09-2006, 09:38 PM

Believe me. We've been doing live auctions here in NamePros chat for over three years now and I have tried a number of different methods. iNod's starting to get some experiences of his own that will influence his opinions of what work best too.
????: NamePros.com http://www.namepros.com/dot-mobi/265404-mobi-auction-event.html

Starting prices and reserves may sound great in theory, or on static sites like eBay, Sedo, Afternic or here on NP's own forums, but in practice in a live chat format it's not practical.

Live auctions are meant to be dynamic and interesting. You can see what buyers believe a domain is worth as they compete to win it. Starting prices pretty much kill the momentum of an auction and result in a lot of "dead time" waiting to see if there is any interest. Auction will announce a name with the starting price... and you'll hear crickets (or worse, comments on the price). Who enjoys that?

Starting all names at the same $1 or 1 NP$ start, there's action on every auction lot. Every name gets its several minutes in the limelight. In a true live auction format (TRAFFIC's for example), a reserve can work because the auctioneer can skip a name quickly if no paddles come up in an acceptable price range. If we rush things like that at a chat auction, people complain we're moving too quickly.

Bottom line, we've found -- at least for the regular NP$ auctions -- a format and rule set that works. Sellers pretty much know what to expect, and buyers don't feel like they wasted their time bidding on something that didn't get close to a reserve price. You can look at the buyout clause however you want. Consider it a list fee, or the cost to get your domain appraised at live auction by potential buyers if your name doesn't reach the price you want. The amount is not unreasonable.

We still do and will always allow reserve prices and starting bids in the regular forums.

Just some thoughts. The .MOBI auction rules ultimately fall under iNod's decisions. Thanks for the feedback.

RJ

iNod · 12-09-2006, 09:48 PM

We still have 3 spots open. Submit as soon as possible please.

- Steve

iNod · 12-10-2006, 02:58 AM

Auction Queue:

http://noxom.com/auction.php

During the first 30 minutes before auction. We will ask you what you think the best 30 names are and auction off the best 30 names chosen by yourself. There will be intermissions as stated before. During the intermissions there will be GiveAways!

Be there!

- Steve

Domain Jedi · 12-10-2006, 05:52 AM

Sounds like alot of fun... Wahoo!

yoyosean · 12-10-2006, 07:24 AM

what happened to my entries caliente.mobi and newguinea.mobi?

seanboy · 12-10-2006, 01:38 PM

is this list final?

iNod · 12-10-2006, 01:40 PM

Originally Posted by seanboy

is this list final?

Yah sorry about that we can't add anymore. We are having another one next week feel free to enter yours in that.

- Steve

gou · 12-10-2006, 02:11 PM

Actually, we had a reserve system for the first .mobi auction we had, and it went pretty smoothly.

mktgmark · 12-10-2006, 02:14 PM

Just my opinion...

Auction rules, including the buyout, are extremely fair and are also justifiable given the chatroom format. Imposing rules that discourage people from bidding would lead to less people showing up and less sales realized.

iNod · 12-10-2006, 05:29 PM

It is starting folks come on in! For the next 30 minutes we will go over rules.

http://namepros.com/chat.php?room=.MOBI

- Steve

movingconcierge · 12-11-2006, 08:18 AM

I don't know about anyone else, but I had a great auction! Here's my take:

ANJ.mobi --->$150 ---> Awaiting payment [EDIT] Payment received / name pushed[/EDIT]
ANL.mobi --->$260 ---> Payment received / name pushed
ANX.mobi --->$120 [EDIT] Payment received / name pushed[/EDIT]
LUS.mobi --->$300 Awaiting payment [EDIT] Payment received / name pushed[/EDIT]
OutPost.mobi--->$40 ---> Payment received / name pushed
Topanga.mobi --->$50 ---> Payment received / name pushed
XUS.mobi --->$150 ---> Payment received / name pushed

Outpost is the darkhorse winner imho - Fry's electronics owns outpost.com and it is a fully developed retail site. Incredible potential for end user sale or development.

LLL were the clear favorites ~ WooHoo! Good deal for all parties. Thanks again! See you next time?

BTW: iNod did a Great Job!

newton · 12-11-2006, 09:06 AM

Agreed .. Great job iNod and a good auction

GoPC · 12-11-2006, 09:16 AM

By my count, Moving was the best seller last night with $1127 sold at 8 domains

Coming in second was Allnicsgone at $470 sold with ONE domain

I actually hit 3rd with $455 sold at 5 domains.

Of course, you have to counter that with the domain(s) I bought too

Great fun, great night, GREAT deals!!!!

Thanks iNod

GoPC

Zalaki · 12-11-2006, 09:45 AM

I cant believe I missed this

I was gonna auction one of my Domains to.. oh well.. Hope it was good.. to bad i missed out

dag · 12-11-2006, 12:37 PM

Where is there a final auction summary posted? I missed all the action...

mktgmark · 12-11-2006, 01:26 PM

http://noxom.com/auction.php

iNod · 12-11-2006, 05:12 PM

We lost some interest at the end but other than that. Thanks all for showing up. I had a great time, lets also thank MirrorCube for assisting with the rules and doing 90% of the auction queue and updating the queue as they came! It really allowed us to fly through the queue.

- Steve

JasMate · 12-11-2006, 06:35 PM

Originally Posted by iNod

We lost some interest at the end but other than that. Thanks all for showing up. I had a great time, lets also thank MirrorCube for assisting with the rules and doing 90% of the auction queue and updating the queue as they came! It really allowed us to fly through the queue.

- Steve

EDIT: Thanks Steve

GeoOwners · 12-11-2006, 08:32 PM

Originally Posted by iNod

We lost some interest at the end but other than that. Thanks all for showing up. I had a great time, lets also thank MirrorCube for assisting with the rules and doing 90% of the auction queue and updating the queue as they came! It really allowed us to fly through the queue.
????: NamePros.com http://www.namepros.com/showthread.php?t=265404

- Steve

Thanks to both of you for putting your time in for the gain of all who attended...

ps...mirrorcube I pmed you about my purchase...

seanboy · 12-11-2006, 09:31 PM

So is there going to be another auction next week???

newton · 12-11-2006, 09:34 PM

I think there was talk of a premium auction coming up soon?

iNod · 12-11-2006, 11:00 PM

Yes, not sure on a date yet. More news will be announced soon.

- Steve

View Poll Results: Date for Auction?
Wednesday (6th)	2	11.76%
This Saturday (9th)	1	5.88%
This Sunday (10th)	10	58.82%
Next Wednesday (13th)	1	5.88%
Next Saturday (16th)	3	17.65%
Voters: 17. You may not vote on this poll

12-09-2006, 09:38 PM	#51 (permalink)
RJ NamePros Admin Join Date: Feb 2003 Posts: 12,919 Follow @DomainBuyer	Believe me. We've been doing live auctions here in NamePros chat for over three years now and I have tried a number of different methods. iNod's starting to get some experiences of his own that will influence his opinions of what work best too. ????: NamePros.com http://www.namepros.com/dot-mobi/265404-mobi-auction-event.html Starting prices and reserves may sound great in theory, or on static sites like eBay, Sedo, Afternic or here on NP's own forums, but in practice in a live chat format it's not practical. Live auctions are meant to be dynamic and interesting. You can see what buyers believe a domain is worth as they compete to win it. Starting prices pretty much kill the momentum of an auction and result in a lot of "dead time" waiting to see if there is any interest. Auction will announce a name with the starting price... and you'll hear crickets (or worse, comments on the price). Who enjoys that? Starting all names at the same $1 or 1 NP$ start, there's action on every auction lot. Every name gets its several minutes in the limelight. In a true live auction format (TRAFFIC's for example), a reserve can work because the auctioneer can skip a name quickly if no paddles come up in an acceptable price range. If we rush things like that at a chat auction, people complain we're moving too quickly. Bottom line, we've found -- at least for the regular NP$ auctions -- a format and rule set that works. Sellers pretty much know what to expect, and buyers don't feel like they wasted their time bidding on something that didn't get close to a reserve price. You can look at the buyout clause however you want. Consider it a list fee, or the cost to get your domain appraised at live auction by potential buyers if your name doesn't reach the price you want. The amount is not unreasonable. We still do and will always allow reserve prices and starting bids in the regular forums. Just some thoughts. The .MOBI auction rules ultimately fall under iNod's decisions. Thanks for the feedback. RJ __________________ Reach me at rj at namepros dot com

12-09-2006, 09:48 PM	THREAD STARTER #52 (permalink)
iNod Eating Pie Join Date: Nov 2004 Location: Canada Posts: 2,267	We still have 3 spots open. Submit as soon as possible please. - Steve __________________ I feel old. Last edited by iNod; 12-09-2006 at 10:36 PM.

12-10-2006, 02:58 AM	THREAD STARTER #53 (permalink)
iNod Eating Pie Join Date: Nov 2004 Location: Canada Posts: 2,267	Auction Queue: http://noxom.com/auction.php During the first 30 minutes before auction. We will ask you what you think the best 30 names are and auction off the best 30 names chosen by yourself. There will be intermissions as stated before. During the intermissions there will be GiveAways! Be there! - Steve __________________ I feel old.

12-10-2006, 05:52 AM	#54 (permalink)
Domain Jedi NamePros Regular Join Date: Nov 2006 Location: Jedi Temple Posts: 759	Sounds like alot of fun... Wahoo! __________________ A Premium *Product Specific* .Com: SprayTanMachine.com

12-10-2006, 07:24 AM	#55 (permalink)
yoyosean Senior Member Join Date: Nov 2006 Posts: 1,180	what happened to my entries caliente.mobi and newguinea.mobi?

12-10-2006, 01:38 PM	#56 (permalink)
seanboy Senior Member Join Date: Oct 2006 Location: Ohio Posts: 1,212	is this list final?

12-10-2006, 02:11 PM	#58 (permalink)
gou NamePros Regular Join Date: Jun 2006 Posts: 711	Actually, we had a reserve system for the first .mobi auction we had, and it went pretty smoothly. __________________ I

12-10-2006, 02:14 PM	#59 (permalink)
mktgmark Senior Member Join Date: Feb 2006 Location: www.TwoFreeLinks.com Posts: 1,039	Just my opinion... Auction rules, including the buyout, are extremely fair and are also justifiable given the chatroom format. Imposing rules that discourage people from bidding would lead to less people showing up and less sales realized. __________________ Football Trivia - Biodiesel Information - Traffic Webcams

12-10-2006, 05:29 PM	THREAD STARTER #60 (permalink)
iNod Eating Pie Join Date: Nov 2004 Location: Canada Posts: 2,267	It is starting folks come on in! For the next 30 minutes we will go over rules. http://namepros.com/chat.php?room=.MOBI - Steve __________________ I feel old. Last edited by iNod; 12-10-2006 at 05:49 PM.

12-11-2006, 08:18 AM	#61 (permalink)
movingconcierge Senior Member Join Date: Aug 2005 Posts: 2,251	Success! I don't know about anyone else, but I had a great auction! Here's my take: ANJ.mobi --->$150 ---> Awaiting payment [EDIT] Payment received / name pushed[/EDIT] ANL.mobi --->$260 ---> Payment received / name pushed ANX.mobi --->$120 [EDIT] Payment received / name pushed[/EDIT] LUS.mobi --->$300 Awaiting payment [EDIT] Payment received / name pushed[/EDIT] OutPost.mobi--->$40 ---> Payment received / name pushed Topanga.mobi --->$50 ---> Payment received / name pushed XUS.mobi --->$150 ---> Payment received / name pushed Outpost is the darkhorse winner imho - Fry's electronics owns outpost.com and it is a fully developed retail site. Incredible potential for end user sale or development. LLL were the clear favorites ~ WooHoo! Good deal for all parties. Thanks again! See you next time? BTW: iNod did a Great Job! Last edited by movingconcierge; 12-14-2006 at 05:42 PM.

12-11-2006, 09:06 AM	#62 (permalink)
newton Senior Member Join Date: Jun 2006 Location: Everywhere Posts: 1,432	Agreed .. Great job iNod and a good auction __________________ The speed of light is faster than sound that's why some people appear bright until they open their mouths

12-11-2006, 09:16 AM	#63 (permalink)
GoPC Senior Member Join Date: Jan 2006 Posts: 1,631	By my count, Moving was the best seller last night with $1127 sold at 8 domains Coming in second was Allnicsgone at $470 sold with ONE domain I actually hit 3rd with $455 sold at 5 domains. Of course, you have to counter that with the domain(s) I bought too Great fun, great night, GREAT deals!!!! Thanks iNod GoPC __________________ Just wondering why folks tell you your domain isn't worth reg fee then pay SNAP $70 for your domain...

12-11-2006, 09:45 AM	#64 (permalink)
Zalaki Senior Member Join Date: Jun 2006 Location: California USA Posts: 2,406	I cant believe I missed this I was gonna auction one of my Domains to.. oh well.. Hope it was good.. to bad i missed out __________________ Game-Hub.com >> The best gaming website known to man-kind!

12-11-2006, 12:37 PM	#65 (permalink)
dag Senior Member Join Date: Mar 2006 Location: Omm Nom Nom Nom Posts: 3,108	Where is there a final auction summary posted? I missed all the action... __________________ V-C-R.com C-P-R.com i-Netbooks.com

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

12-11-2006, 01:26 PM	#66 (permalink)
mktgmark Senior Member Join Date: Feb 2006 Location: www.TwoFreeLinks.com Posts: 1,039	http://noxom.com/auction.php __________________ Football Trivia - Biodiesel Information - Traffic Webcams

12-11-2006, 05:12 PM	THREAD STARTER #67 (permalink)
iNod Eating Pie Join Date: Nov 2004 Location: Canada Posts: 2,267	We lost some interest at the end but other than that. Thanks all for showing up. I had a great time, lets also thank MirrorCube for assisting with the rules and doing 90% of the auction queue and updating the queue as they came! It really allowed us to fly through the queue. - Steve __________________ I feel old.

12-11-2006, 09:31 PM	#70 (permalink)
seanboy Senior Member Join Date: Oct 2006 Location: Ohio Posts: 1,212	So is there going to be another auction next week???

12-11-2006, 09:34 PM	#71 (permalink)
newton Senior Member Join Date: Jun 2006 Location: Everywhere Posts: 1,432	I think there was talk of a premium auction coming up soon? __________________ The speed of light is faster than sound that's why some people appear bright until they open their mouths

12-11-2006, 11:00 PM	THREAD STARTER #72 (permalink)
iNod Eating Pie Join Date: Nov 2004 Location: Canada Posts: 2,267	Yes, not sure on a date yet. More news will be announced soon. - Steve __________________ I feel old.