Afternic Bazaar

[DomainOgre]

Anybody else seen this?

http://www.afternic.com/bazaar.php

I ran into it while doing a review of Afternic for DomainNameReview.com. Its supposed to be a Wholesale Domain Name Auction. This is really interesting to me since I sold NameBazaar.com to the owner of Afternic a month or so ago.

Hopefully, this will be a great new outlet for selling our names. Only time will tell tho since its not even open yet.

 

[Lauren Stephens]

ok and let me ask this... i put a few names at the bazaar, but im unclear as to if i will know if they are being seen and/or if anyone places ANY bids on them?

does anyone know?

thanks

 

[Terry]

I didn't get any notification until the auction ended. Both on the name I bought and the name I sold.

 

[Lauren Stephens]

ugh

so it isnt like ebay and it shows bids or anything eh...

hmmmm....

 

[Terry]

Nope, all bids are kept hidden from both the sellers and buyers until sold. But, such a great surprise if you are a winner or get one sold.

 

[Lauren Stephens]

well, honestly, im not sure i want to wait around that long!

it could take days or weeks or i could even be 1.00 away from a sale and not even know it

surprises are for birthdays! not for business transactions!

 

[Coastalguy]

Not possible for it to take weeks...days, yes.

ST

 

[Terry]

Yeah, $1 away. That's what I though on the auction that I won. So I bumped it. I probably wouldn't have got it for my original $1 bid.

 

[Coastalguy]

Sounds like the concept is working OK. Bumping your own bid just shows that you really want the name and don't want to take a chance on trying to get it for the "bid stop" price.

ST

 

[Terry]

You are correct. My original bid was at the stop price. I had to ask myself if it was something that I really wanted and how much it was worth to me. Then I bumped because I wanted the name, not because I knew somebody else did. I've paid too much for JUNK on eBay because I got caught up in the fun of bidding wars. Good for the seller, not good for my wallet.

On the other hand... on the domian that I sold, it went for $1 over my stop price. So I suppose the sellers have to be careful.

 

[Coastalguy]

You (as a seller) never have to accept less than what you think the name is worth. If the lowest you will go on a specific name is $10.00 then that should be your "stop" price. If a buyer bid $9.00 you'll never know, unfortunately. That is the way the game is played.

ST

 

[Terry]

I was happy with what I got for the name I sold. If fact my stop price was rather high, or so I thought. On the name that I bought, I think I got it at a bargin price. I guess from my own experience so far, the fact that they don't let you see the bidding process is not a serious draw back.

 

[DomainOgre]

By not seeing the bids, it helps the seller in the long run. I think the seller needs some protection in a reverse auction format or all names would sell for peanuts.

 

[Terry]

:bingo:

Right you are Ogre. Not only could I not get in a bidding war, but I couldn't just sit back and wait and try to get my bid in at the last minute. I had to decide what it was worth to me and enter a bid at that point or risk loosing out.

 

[Coastalguy]

I like the concept. I sold some names here by doing the same thing only with NP$.

I was first. They stole my idea!
Just kiddin', of course. :hehe:

ST

 

[-SMH-]

i just had my first buyer that hasnt responded to my emails and therefore hasnt paid. anyone else have this problem, is so what can be done about this?

 

[proproject]

At this stage, Afternic is willing to help you contact the buyer. Maybe email is not working; we'll try their phone #. If nothing works, you can leave negative feedback. If a member gets too much negative feedback, we will terminate their membership. (Haven't decided what too much is yet.)

 

[-SMH-]

Originally posted by proproject
At this stage, Afternic is willing to help you contact the buyer. Maybe email is not working; we'll try their phone #. If nothing works, you can leave negative feedback. If a member gets too much negative feedback, we will terminate their membership. (Haven't decided what too much is yet.)

thanks roger. how do i go about starting this process.

 

[-SMH-]

i finally got a hold of the person. thanks roger.

 

[DomainOgre]

Glad you got that settled, smh.

I have had no problems yet.

 

[proproject]

Glad you reached him or her. I should not have left this out, sorry. To request help in contacting the buyer or anything else, just use the Contact Us page on our website. Authenticate on that page and give us the transaction by domain name.