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As many of you know, DropCatch.com will catch a domain that has been backordered, and opens the auction open to the public. Great for them, terrible for being a domainer.
There was an auction for a name, which I have a steady buyer for in that niche. Max I have ever paid for a name in that niche was $150, and I easily sold for $1k+.
There was only myself and another domainer that placed a pre order. Over the next 3 days four more bidders came to the table, and the auction quickly went from the initial backorder price to well over $700 USD.
The only bidders were myself, and a 3rd party who did not backorder the domain, but who came along in the final 36 hours.
The profit margin & risk no longer made sense to compete on the name, so I was out.
If this is the evolution of dropcatching, you better get your names where you can and hold on tight. I never thought I would find myself saying, "I wish NameJet caught that one."
My only consolation is that I cost another party hundreds of dollars, that went to DropCatch of course...
Good for DropCatch, bad for us all. Just something to consider when ordering names.
What are your thoughts?
There was an auction for a name, which I have a steady buyer for in that niche. Max I have ever paid for a name in that niche was $150, and I easily sold for $1k+.
There was only myself and another domainer that placed a pre order. Over the next 3 days four more bidders came to the table, and the auction quickly went from the initial backorder price to well over $700 USD.
The only bidders were myself, and a 3rd party who did not backorder the domain, but who came along in the final 36 hours.
The profit margin & risk no longer made sense to compete on the name, so I was out.
If this is the evolution of dropcatching, you better get your names where you can and hold on tight. I never thought I would find myself saying, "I wish NameJet caught that one."
My only consolation is that I cost another party hundreds of dollars, that went to DropCatch of course...
Good for DropCatch, bad for us all. Just something to consider when ordering names.
What are your thoughts?