NameSilo

GD Auctions API Bot Behaviour

Located in Domain Expiration and Domain Drop Catching started by Brandworthy, Apr 10, 2018.

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  1. wwwweb

    wwwweb Top Member VIP

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    It’s not Mark monitor, he is trying to imply that.

    There are plenty of people calling them out for front running domain auctions on namepros, and on recent blog comments.
     
    Last edited: Apr 12, 2018
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. golan

    golan Leo.Domains Gold Account VIP

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    I don't need to know how the car engine works, i can just get to a car and drive. (Of course it's better to know it anyway, but many people have no idea and just use a car like a tool.) I don't need to know how HTTP works, i just use multiple tools like this daily. (No, i don't use bidding bots.)

    You don't need to do that sequentially. Key word: multithread. That's how all those tools work.

    And yes, it does matter if you're a BH or WH. If you are WH, you may look at this kind of stuff amazingly, and keep repeating "but this can't work, if you understand how HTTP works, bla bla". But if you are BH, you just use the tools like this daily, and if you need go and order a bot for your needs from a coder.

    But couldn't an auction site ban the seller if he just pulls the domain off during the auction? If he already received some bids, they are legally binding.
     
  3. MapleDots

    MapleDots Domain Properties 2010 - 2018 VIP

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    Yes, you have to make sure there are no active bids. Most of the ones I do that for will have no bids anyways because they are priced too high. Right away you can negotiate by 20% because of the auction fee. So if the guy wants 5k you remind him he only gets 4k and we can do the deal at that if we go private.
     
    Last edited: Apr 12, 2018
  4. Brandworthy

    Brandworthy Established Member

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    You're quite obviously missing the part about needing to parse the result in order to decide what to do next. If you want to just fire over 10 bids that's fine (and dumb), but if you want to send over 10 bids because none of the previous bids made you the highest bidder then you MUST do this sequentially.
    I posted this hoping it might be useful to others. But if you haven't a clue about how this works or what you're doing it's probably best just to ignore this thread.
     
  5. tonyk2000

    tonyk2000 Active Member VIP ★★★★★★★★★★

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    I am also wondering has the increased bot activity anything to do with increased number of expired domains that received their first bid noticeably before (days before) the end time. Domainers always used to prefer to place bids in last 5 minutes, or, at least, not in days.

    So are these bids all enduser bids? Unlikely.

    The only explanation I ended up with so far is somewhat "irrational":

    If somebody has a list of domains he might want to acquire, and, due to increased bots activitly, will unlikely acquire (not paying normal wholesale prices at least), he probably wants to at least add his 2 cents to decrease the portfolio quality of said bots. The bots will change strategies to something more rational (or shutdown) earlier or later anyway. Even hugedomains now started to drop domains again and is more selective with bidding. Placing first bid early will add more attention, increase sale price to even more irrational levels, and will force bots to pay more. Which fact an early human bidder might consider a positive by itself in a long run.

    Any other explanations why would a domainer place an early 1st bid (so routinely)? Why would anybody want to "subscribe" _not_ to win the domain?
     
  6. golan

    golan Leo.Domains Gold Account VIP

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    Right. Sorry, i didn't intend to hijack your thread. I just replied to the technical "impossibility".
     
  7. wwwweb

    wwwweb Top Member VIP

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    All good questions, there is a lot of irrational strategies employed in the current aftermarket bidding strategies, which has many scratching their heads. Some people are just willing to make infinite amounts to win an auction, all these automated systems, playing on the frustrations of human elements is a perfect storm, and a great win for Godaddy.

    What is the purpose of these people buying these domains, they are not using them, they are buying them to relist them to potential buyers, but if you end up paying to much, and out pricing your buyer what is the point? We all hear what most end users say, I will find a cheaper alternative etc... The logistics of current bidding strategies do not make much sense, These are the names we bought years ago for under $50, most are still sitting in out portfolios. Any downturn in the economy, and things go quiet very quickly, and expensive inventory does not usually give a good rate of return sitting there with an overpriced sticker on it. Anyone who has a decent portfolio, is smart to take money off the table, and let these high biddders sit on them for a few years, and wait for them when they need money. That is why I see guys like D Naidu selling on namejet now.
     
  8. Josh R

    Josh R Owner of BrandConsultants.com & TheDomainBlog.com PRO VIP

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    @MapleDots - GoDaddy have banned buyers in the past that are clearly doing this or promoting it, so I’d be careful.

    Just friendly advice.
     
  9. MapleDots

    MapleDots Domain Properties 2010 - 2018 VIP

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    I'm not too worried about that, I make more money using the 20% commission to my advantage than to worry how godaddy feels about it.

    If you list at 10k and someone offers you 8 then you get $6,400

    I contact you and offer you 8 then you get 8k period.

    It's the best tool a domainer has when purchasing a domain. I traditionally only sell via my landers and outbound anyways so I have nothing to lose. I don't think I have ever had any real luck using godaddy to sell, and trying to buy there now is difficult with companies like huge domains eating up all the expiries.

    So tell me again why I should worry about godaddy (n)
     
  10. Josh R

    Josh R Owner of BrandConsultants.com & TheDomainBlog.com PRO VIP

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    I guess you shouldn’t :)
     

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