Any reasons not to backorder every great domain?

[keesj]

The title says it all: Are there any reasons not to backorder all the great domains you come across?

Of course 99.9% of really great domains will never drop, and of the ones that do 99.9% of them will have been backordered by others as well so you'd get into a bidding war, but still… there's no risk in trying because with the popular backorder services you only pay when you actually GET the domain.

Any ideas on this? Or should I just start backordering everything I see?

 

[Domainace]

By your own odds, you would catch 1 in a million names. The time required to individually backorder 1 million names would be significant.

So, for reasons not to... there must be a more effective use of time than this.

 

[keesj]

You're right, with those odds it wouldn't make sense. But let's say you would do it for every 'good' domain. Just domains you come across while browsing the web and you notice the site isn't being used or hasn't been updated in a while, something like that.

- You can backorder a domain within 3 seconds (I'm contemplating developing something to make it extremely simple and fast).
- This means you can back-order 20 domains/hour on average.
- Let's say the likelihood for a good domain to drop at some point is 1%.
- Let's say the likelihood to win the domain in a possible auction, at a reasonable price is 5%. (note: we're not talking about 'great' domains which of course everybody will backorder)

This would mean we would get 1 out of every 2,000 domains. Or 1 domain for every 1,7 hours spent.

You could argue the above percentages might be a little bit optimistic, I don't know. But still, if you would lower the numbers to 0.5% for a domain to drop, and 2.5% for you to win an auction (including the chance there is no auction and you win by default), then you would get 1 out of 8,000 domains or on average 1 every 6.7 hours spent.

And this wouldn't be time spent in one go, just throughout your days browsing the web, stumbling across a nice domain and just clicking a couple of buttons.

 

[Krossat]

If more than one people backorder the same domain, it generally goes to an auction. And IF the domain is good, it will have more than one people backordering.

There are companies who track an backorder just about any worthwhile domain.
So essentially, youre wasting your time if you backorder hundreds of domains. The GOOD thing in backordering GOOD domains is though, when the time comes for the domain to expire and finally goes to an auction, the registrar will remind you of it, so you dont miss out on competing in the auction for the domain.

 

[keesj]

Quick update. I've been doing this for 15 years and it paid off.

 

[alcy]

Quick update. I've been doing this for 15 years and it paid off.

sounds like u are perfect guy to ask how qualtry of names was thru years .. obviously decreasing.. each year? I'm sure 2010 was great names... I started in 2015

 

[URL Stream]

Quick update. I've been doing this for 15 years and it paid off.

Wow!

Are you comfortable sharing any examples?

 

[cooljub]

Quick update. I've been doing this for 15 years and it paid off.

Hi, well done

Finally paid off after 15 years, or started to earlier?

 

[alop]

Quick update. I've been doing this for 15 years and it paid off.

Gr8 come back in 20 years and explain what a gr8 domain is

 

[D Haynes]

Did it pay off more 15 years ago than now? I guess it depends on why you view as worth while backordering too.

 

[Eric Lyon]

Quick update. I've been doing this for 15 years and it paid off.

Welcome back!!!!

Details please

I think a lot of members would love to read a full-report and some real-world examples of your success.

Good to see you around again