Drop-catching: Your way

[S-B]

Hello everyone,

I am working with a partner to develop a new drop-catcher. I am interested in discussing the project and listening to your suggestions.

1. How much should a backorder cost?
2. How long should an auction run (3, 5 or 7-days)?
3. What is your preferred payment method (Paypal or...)?
4. What are the most important features you need?

I will also need some beta testers in he coming month.

If you're interested in the service and would like to be part of the development process, please answer the question above and let me know that you're interested.

Please keep all comments, suggestions and beta requests in thread.

Thanks,
Shane

 

[muttus]

I think this sounds reasonable and fair. If you will be able to catch 25% of requested domains - beating some of major players in the process on some occasions this format should work well. As i said in previous comment. 59 or 69 price tag discourage many people from back ordering since many domains may have much lower reseller price (increasing risk for future owners). Having lower price (30) should eventually bring lot more customers and we all know how bidding frenzy can makes domain prices to sky rocket. Let us know once beta is available. I would be happy to give it a try and share my thoughts.

 

[S-B]

I like they way pheenix works.
Few Suggestions :
$15 -18$ fee if domain is caught.
Auction should be max 3 days. Increments starts with 1$ and will increment as the auction progress.
Payment through CC,Paypal or anything whichever can be trusted.
Pheenix interface needs lot of improment IMO, You need to have a good interface. Free Multiple backorders is must.
If a auctions winner doesnt pay the next highest bidder should be awarded the domain, it should not go in auction again.

@yogiDomain

We really aren't trying to compete on price with Pheenix. In my honest opinion, they offer a substandard user experience.

Our pricing is based on undercutting the big boys in the industry. So far, the thread seems to agree that somewhere between $20-$40 is fair. Maybe one day we will be able to lower the price even more. It's definitely something we will consider.

3-day auctions are our goal and the domain shouldn't be re-auctioned if someone fails to pay. I will confirm with my partner though and update the thread accordingly.

Thanks for your input.

 

[S-B]

I think this sounds reasonable and fair. If you will be able to catch 25% of requested domains - beating some of major players in the process on some occasions this format should work well. As i said in previous comment. 59 or 69 price tag discourage many people from back ordering since many domains may have much lower reseller price (increasing risk for future owners). Having lower price (30) should eventually bring lot more customers and we all know how bidding frenzy can makes domain prices to sky rocket. Let us know once beta is available. I would be happy to give it a try and share my thoughts.

I will definitely let you know! Thanks for your input.

 

[Asfas1000]

Sounds reasonable to me...

If a auctions winner doesnt pay the next highest bidder should be awarded the domain, it should not go in auction again.

This can be manipulated (for instance, LLL.com auction, Bidder1 -> $100 , Bidder7 ->$30k , Bidder7 vanishes, Bidder1 gets domain for real cheap). The runner up should pay , say, at least 70% of the winning bid for the auction to stand.

 

[S-B]

Sounds reasonable to me...



This can be manipulated (for instance, LLL.com auction, Bidder1 -> $100 , Bidder7 ->$30k , Bidder7 vanishes, Bidder1 gets domain for real cheap). The runner up should pay , say, at least 70% of the winning bid for the auction to stand.

This isn't a reserve style auction though. For example, if bidder 7 bid $30,000 that would mean that the previous bidder would have to had to bid $29,900 (if the auction was at $100 increments at that point). Make sense?

 

[yogiDomain]

Sounds reasonable to me...



This can be manipulated (for instance, LLL.com auction, Bidder1 -> $100 , Bidder7 ->$30k , Bidder7 vanishes, Bidder1 gets domain for real cheap). The runner up should pay , say, at least 70% of the winning bid for the auction to stand.

Why would anyone bid from $100 to directly $30000 really?!!
But this scenario should be looked into.

 

[Asfas1000]

Ah, in that case it makes sense. So it's like proxy bidding !?

 

[Asfas1000]

Why would anyone bid from $100 to directly $30000 really?!!
But this scenario should be looked into.

Obviously Bidder1 & Bidder7 are partners in crime

 

[S-B]

Why would anyone bid from $100 to directly $30000 really?!!
But this scenario should be looked into.

Heh. It's weird but it does happen.

 

[S-B]

Ah, in that case it makes sense. So it's like proxy bidding !?

Exactly. I'd say that's pretty standard. I doubt anyone would complain about that. Or am I wrong?

 

[muttus]

make sence, not allowing anybody to make higher increment in one bid. I would suggest the minimal increment to be 1% of current highest bid (rounded of course to whole numbers)

Of course with proxi bidding enabled.

 

[Jasonn]

unless you are going to have a minimum of 15 registrars, i wouldn't even bother.

 

[S-B]

make sence, not allowing anybody to make higher increment in one bid. I would suggest the minimal increment to be 1% of current highest bid (rounded of course to whole numbers)

Of course with proxi bidding enabled.

That's an interesting thought. Why do you say that?

 

[S-B]

unless you are going to have a minimum of 15 registrars, i wouldn't even bother.

I have that handled but thanks for the comment.

 

[muttus]

I was trying to reply for this case when somebody would bid $100 and then other (friend) to put $30.000 ending the auction, then not paying and the second bidder would buy for 100 valuable domain. If the next bid would be allowed to be only minimal increment this would not happen. Of course you don't want to go one bid at the time but in reality it would be minimal increment over the highest maximum bid registered (backup bid) at the same time. Just thought process.

 

[S-B]

I was trying to reply for this case when somebody would bid $100 and then other (friend) to put $30.000 ending the auction, then not paying and the second bidder would buy for 100 valuable domain. If the next bid would be allowed to be only minimal increment this would not happen. Of course you don't want to go one bid at the time but in reality it would be minimal increment over the highest maximum bid registered at the same time. Just thought process.

That does make sense. I appreciate you bringing it to my attention.

 

[muttus]

Hey,

i think the domain industry is already full of scam and shady tactics so bringing order to at least some parts is very important to me. More Quality competition on Dropcatching field is one of the things that can make huge difference. I fell that there are lot of domainers which are tired of being pressed by big players. So I am up to helping with any attempt which might change that. Keep me informed and do not hesitate to contact me with questions.

 

[S-B]

Hey,

i think the domain industry is already full of scam and shady tactics so bringing order to at least some parts is very important to me. More Quality competition on Dropcatching field is one of the things that can make huge difference. I fell that there are lot of domainers which are tired of being pressed by big players. So I am up to helping with any attempt which might change that. Keep me informed and do not hesitate to contact me with questions.

I really appreciate it!

 

[AFernald]

Hello everyone,

I am working with a partner to develop a new drop-catcher. I am interested in discussing the project and listening to your suggestions.

1. How much should a backorder cost?
2. How long should an auction run (3, 5 or 7-days)?
3. What is your preferred payment method (Paypal or...)?
4. What are the most important features you need?

I will also need some beta testers in he coming month.

If you're interested in the service and would like to be part of the development process, please answer the question above and let me know that you're interested.

Please keep all comments, suggestions and beta requests in thread.

Thanks,
Shane

1. In my opinion $69 is way too much for a backorder. Even though everyone is willing to pay this, IMO it should be max $49.
2. An auction should run for 3 days. Once the domain enters the auction, I'm ready to pick it up ASAP. I don't want to wait around for a year.
3. My preferred payment method is Paypal.
4. Legitimate auctions. No shill bidders. No reserves.

 

[S-B]

1. In my opinion $69 is way too much for a backorder. Even though everyone is willing to pay this, IMO it should be max $49.
2. An auction should run for 3 days. Once the domain enters the auction, I'm ready to pick it up ASAP. I don't want to wait around for a year.
3. My preferred payment method is Paypal.
4. Legitimate auctions. No shill bidders. No reserves.

I completely agree. How does $30 sound? More than reasonable?