GoDaddy Backordering In Final Minutes

[DomainVP]

GoDaddy Backordering In Final Minutes Of Auction Availability

Who does this, and why?

To me, it's not slick or crafty. Is it just to save the extra $5 on a bid? Doesn't it cost more to backorder with GD than it does to just place a bid?

I could understand placing a bid in the final minutes, to try and prevent a dropcatching bot from picking a domain up when it goes to prerelease; but not placing a backorder.

In my opinion, the only person who would do this is someone who is inexperienced and wants the domain; or possibly even those spam 'domain sales' companies that emails people that their domain is 'about to be available'.

Thoughts?

 

[bhartzer]

If you're using software to place the backorder, then it really doesn't take much time, as it's not a manual process.

The theory is that if it's a good domain, you don't want to tip someone else off that you want it.

 

[DomainVP]

The theory is that if it's a good domain, you don't want to tip someone else off that you want it.

I agree, but for me if there are zero bids I would just let the DN drop to closeout and take my chances there whenever it would become available (snipe).

I was interested in a name and Someone placed a backorder in the final 5 minutes, and then I waited until there was 5 seconds left and placed a bid.

Some times people prematurely celebrate and they go use the bathroom or get something to eat... thinking they won since they saw 15 or less seconds left. When the come back to their computer 5 minutes later, they see that their celebration just cost them a DN.

Somewhere in the world, someone is banging their head on the wall.

 

[Name Trader]

@DomainVP - Some people who don't place a bid on a domain in the last few minutes of a regular auction, before it goes into closeout, do so because they don't want to alert all the sharks out there that the maybe creating a bidding war. I often waver on both sides of this issue. Sometimes I take the gamble that I will be the first to pick up the domain in the closeouts, and sometimes I place a late bid on the domain, which sometimes causing a bidding frenzy, and sometimes it goes unnoticed. Personally if I bid in the regular auction, I like to make my first bid just before the last 5 minutes, so that it doesn't show as an extended auction, encouraging the sharks. But they still sometimes swarm all over the domain I've bid on,even if it wasn't in an extended auction with my initial bid.

Also, I think the later the bid, before the last 5 minutes, the less opportunity there is for others to ponder on whether to place a competing bid, or not. Whether there are other bids already, or not. Which may be the answer you were looking for. I think it has very little to do with saving $5.

 

[Name Trader]

I agree, but for me if there are zero bids I would just let the DN drop to closeout and take my chances there whenever it would become available (snipe).

I was interested in a name and Someone placed a backorder in the final 5 minutes, and then I waited until there was 5 seconds left and placed a bid.

Some times people prematurely celebrate and they go use the bathroom or get something to eat... thinking they won since they saw 15 or less seconds left. When the come back to their computer 5 minutes later, they see that their celebration just cost them a DN.

Somewhere in the world, someone is banging their head on the wall.

So you are the b@star@ which does that to me

 

[DomainVP]

So you are the b@star@ which does that to me

haha, it got done to me once at Pheenix and I thought, "what a great strategy".

 

[Name Trader]

@DomainVP - I have actually learned my mistake on this before now. I always, hold my pee, and watch the auction close out with me as the winner, or to continue bidding.

 

[Name Trader]

haha, it got done to me once at Pheenix and I thought, "what a great strategy".

Actually. I'm waiting to hear about this strategy on a domain I was bidding on just today at Pheenix. Were you bidding on domains there today?

 

[Name Trader]

I'm usually asleep when most of these auctions expire It's a pity there is no proxy bidding at Pheenix, otherwise this might not have happened.

 

[DomainVP]

Actually. I'm waiting to here about this strategy on a domain I was bidding on just today at Pheenix. Were you bidding on domains there today?

I wasn't in on any Pheenix names today, but Pheenix is the best platform to use this strategy at b/c if you time it just right their timer bot will tell the bidder 'closed' and they will take it at face value and will walk away.

I love to play games at auction, part of the thrill I gather.

 

[DomainVP]

I'm usually asleep when most of these auctions expire It's a pity there is no proxy bidding at Pheenix, otherwise this might not have happened.

Yeah, thats quite a battle when you are in a different time zone. I am in U.S. EST time, so the drops fall & auctions end around 3pm-4pm.

Today was okay at GD, I was in on about 4 domains; one I sniped, one I beat a last minute backorder, the other two I bowed out b/c I liked them at prices lower than what they ended up. They were good names, but there are better ones for the same price; you know?

 

[Name Trader]

I think Goaddy email responses to the auction results can be slow (between 30 minutes to 1 hour). Pheenix's hark back to the days of snail mail (well hours, not days) with their email responses.

 

[Name Trader]

Yeah, thats quite a battle when you are in a different time zone. I am in U.S. EST time, so the drops fall & auctions end around 3pm-4pm.

Today was okay at GD, I was in on about 4 domains; one I sniped, one I beat a last minute backorder, the other two I bowed out b/c I liked them at prices lower than what they ended up. They were good names, but there are better ones for the same price; you know?

Yeah. I know. There is only so much money you can spread around. Prices generally on domains with bids, have gone up substantially in the last couple of years at GoDaddy. When is it going to end?

 

[cdboard]

downside: drawing attention to the desired name

upside: it is cheaper, and eliminates the chance of someone else snagging it right after it goes to closeout. it also raises the minimum counter-bid a little, which might discourage others who were prepared to bid $12

 

[Name Trader]

downside: drawing attention to the desired name

upside: it is cheaper, and eliminates the chance of someone else snagging it right after it goes to closeout. it also raises the minimum counter-bid a little, which might discourage others who were prepared to bid $12

Which why as a general rule (but not always), If it has zero bids, I would normally let it go to closeout, but if it has bids, I try not to add any time to the auction.