Have you sold a domain name at SnapNames.com?

[DotWeekly]

I would like to create a post to HELP sellers that have decided to sell domains at snapnames.com .

If you have listed and sold some domains, please feel free to help everybody out. The more info you can provide the better.

1st things 1st. How was the process? Getting domains over to snap (Transfer) who paid for it if there were costs involved, how long until you got payment, payment options etc.

What did you Start (Price) your domain at, and why.

How many bidders were in the auction.

Did you promote the domains you listed and where.

Did you list some that did not sell.

How many domains did you submit

What did your domain sell for.

Where did you buy the domain you sold at snap.

And any other helpful info you can provide.

 

[Web Master]

No, but interest in knowing SnapNames sale experiences from guys here.

 

[Earthian]

How was the process? Getting domains over to snap (Transfer) who paid for it if there were costs involved, how long until you got payment, payment options etc.

the process was smooth , I had to pay $15 per domain to get the domains to Snap , I was paid 1 week after the auction (wire transfer , $20) , I could also choose check (free) ...



What did you Start (Price) your domain at, and why.
$1252.85 , because it was a nice round number ...



How many bidders were in the auction.
A lot ... about 5 to 6 thousand ...



Did you promote the domains you listed and where.
Everywhere ... I painted the domain name on the moon with a nice blue color and it looked really nice ...



Did you list some that did not sell.
No , but I sold some I did not list !?!?!?



How many domains did you submit
about 50 to 60 billion ...



What did your domain sell for.
5 Million dollars each .......... give or take a few cents ...



Where did you buy the domain you sold at snap.
I didn't buy them , I found them on the street ...



And any other helpful info you can provide.
I can't provide any more .info ... I mostly have .com now ...

​

 

[Dotmainer]

^ LOL ... auaaaaaaaaaaaaa :hehe: ... going to add you rep !

 

[DotWeekly]

Considering I am seeing a lot more people adding domains for sale at Snap, I figured a couple people here would have listed and sold some.

Anybody besides Godian (who's in his own world) sold any?

 

[randomo]

I am in the process of setting up my first listings there ... hope to have some sales to report to you soon!

 

[HcDomains]

I submitted a list of 20 domains to Snapnames and 8 of them scheduled for Auction on Sept 25th.

Don't know anybody has picked my domains to their Cart already or not. (Maybe Snapnames would show me the status only when Auction started)

asianonlinedating.com $300.00
cityfans.com $500.00
comparefinance.com $500.00
fesy.com $1,500.00
kuvy.com $1,500.00
musicyear.com $300.00
rezy.com $1,500.00
usedpcshop.com $300.00

I don't promte my list anywhere (This is the 1st time to display my list). I want to test does Snapnames works or not without any special promtion.


For Snapnames auction system, I don't like they use the Reserve as the initiate price. I could not know what is the price of my domains in other domainers mind if nobody start a bid because of Reserve is high. The Sedo system looks better in this point

Hope to know more experience on Snapnames Auction from you and Hope some one would pick my Domains.

 

[End User King]

Elliot of ElliotsBlog.com has conducted this test with good results.
Alot of his names have sold. Although Snapnames has increased the
listing fee. But alot of names seem to sell their with 1 bidder. Still a
good venue to sell if you deduct fees and list prices accordingly.

 

[Alex]

I will be in the process to list some domains there. Will update the thread as soon as I will have them listed.

I have a question though (since Snapnames support gave me an answer without reading my question). The Snapnames registrars are those 32 registrars listed on their site, including DomainSite? So if I have a doamin at DS, I don't have to transfer it anymore?

 

[Earthian]

:::START TRANSMISSION:::



[shuffled voice]

reporting from Godianland ... Mr Yofie ... we don't have more helpful .info on the subject ... if we get any .info , we might as well transfer some ... a push on the current registrar might be cheaper though

[/shuffled voice]



:::END TRANSMISSION:::
​

 

[chenzen]

I really don't get why you making fun of this thread.

:::START TRANSMISSION:::



[shuffled voice]

reporting from Godianland ... Mr Yofie ... we don't have more helpful .info on the subject ... if we get any .info , we might as well transfer some ... a push on the current registrar might be cheaper though

[/shuffled voice]



:::END TRANSMISSION:::
​

 

[Earthian]

huh ? ... I think you just misunderstood ... I am not making fun of this thread , I was just being humorous ...



when I first saw the question , a couple of funny answers popped into my head , so I thought I write a funny post that might make Yofie and other members laugh ... eg. zoki understood the humour and even sent some rep (thanks zoki) ... I am sure Yofie also understood I was just being funny and not trying to berate his thread or subject ...



the reply was again a humorous post because Yofie said I am "in my own world" ... sooo I sent him a humorous message from "Godianland" lol ... the purpose was again humour , as well as say to that I did not have any info regarding the user-submitted-auctions on SnapNames ... the "push the .info" part was just a wordplay on ".info" and "transfer"...

​

 

[DotWeekly]

huh ? ... I think you just misunderstood ... I am not making fun of this thread , I was just being humorous ...



when I first saw the question , a couple of funny answers popped into my head , so I thought I write a funny post that might make Yofie and other members laugh ... eg. zoki understood the humour and even sent some rep (thanks zoki) ... I am sure Yofie also understood I was just being funny and not trying to berate his thread or subject ...



the reply was again a humorous post because Yofie said I am "in my own world" ... sooo I sent him a humorous message from "Godianland" lol ... the purpose was again humour , as well as say to that I did not have any info regarding the user-submitted-auctions on SnapNames ... the "push the .info" part was just a wordplay on ".info" and "transfer"...

​

I got the Humour

Back on subject, I have not listed any domains at Snap yet because I would like some data first (i.e this thread). I have noticed several domains that I would backorder, but the sellers are setting the starting bid higher then they should (i think). Listing any domain with a low reserve is a risk, but taking a risk at snapnames is probally the best place! Prices like $59, $79 and $99 most of the time I would not even know that if it's a Seller or a Drop, nor would I care, but when you see domains at $199, $599, $1,500 and whatever else, it makes it clear that it's a seller.

I would suggest setting the price at a normal snapnames price ($59,$79 or $99) and let the crazy SnapNames bidding do the rest. Me personally, I would set them at $99. With setting the higher price, that holds people back from getting into the auction, and many of those people, most likely will bid higher then that starting price anyway in the actual auction. I always think, once people are in the auction and see the price going up, that makes them dig more into the domain, which they will normally find more "good" info and the price will go higher.

 

[HcDomains]

I would suggest setting the price at a normal snapnames price ($59,$79 or $99) and let the crazy SnapNames bidding do the rest. Me personally, I would set them at $99. With setting the higher price, that holds people back from getting into the auction, and many of those people, most likely will bid higher then that starting price anyway in the actual auction. I always think, once people are in the auction and see the price going up, that makes them dig more into the domain, which they will normally find more "good" info and the price will go higher.

Maybe you are right, but this is a hogh risk action. And since Snap would take 20% as their commission, so you may lost your investment even your domains sold quickly.

So I would not set a $59 or $99 reserve at the 1st step if I don't need money urgently. I may change the setting price later if all of my domains are Zero bidder. Snap doesn't charge listing fee if sales failed, right?

 

[Alex]

They do not charge listing fees that is right.

But I will set them to the lowest minimum price. It depends if you are a long term investor or a quick flipper. I, for myself need liquidity at the moment.

 

[chenzen]

never mind

huh ? ... I think you just misunderstood ... I am not making fun of this thread , I was just being humorous ...



when I first saw the question , a couple of funny answers popped into my head , so I thought I write a funny post that might make Yofie and other members laugh ... eg. zoki understood the humour and even sent some rep (thanks zoki) ... I am sure Yofie also understood I was just being funny and not trying to berate his thread or subject ...



the reply was again a humorous post because Yofie said I am "in my own world" ... sooo I sent him a humorous message from "Godianland" lol ... the purpose was again humour , as well as say to that I did not have any info regarding the user-submitted-auctions on SnapNames ... the "push the .info" part was just a wordplay on ".info" and "transfer"...

​

 

[DotWeekly]

Maybe you are right, but this is a hogh risk action. And since Snap would take 20% as their commission, so you may lost your investment even your domains sold quickly.

So I would not set a $59 or $99 reserve at the 1st step if I don't need money urgently. I may change the setting price later if all of my domains are Zero bidder. Snap doesn't charge listing fee if sales failed, right?

I should of added a couple things.

If your domain is a "Great One" set the starting price at $99. (That's what I would do, but you don't have to) Your domain will get market value and then some. Again, it is a risk, but life is a risk and the ones who takes risk, also make lots of money!!! (most of the time) lol

If you do set your price higher, it's most likely to sell for that price as well, because your bidder count will be Low, if not 1. I would think people listing for $199 are hoping to get a lot more then $199, so why not just take the $100 risk and have a lot more people in the auction!

I can understand listing a LLL.com for $99 is a risk, but anybody would pay $5K for an LLL.com right now, so it would be atleast that amount. If it's a premium letter, it will go much higher.

 

[Dotmainer]

i see there some other problem,

most ppl are going to Snap because they see domain is
going to expire in month / week / some days

and this is part which is missed when you send it there to auction

-

 

[nicedomains]

i see there some other problem,

most ppl are going to Snap because they see domain is
going to expire in month / week / some days

and this is part which is missed when you send it there to auction

-

SnapNames had been strictly an auction house for dropping/expired domains. It has recently opened up its auctions for sellers and is in the BETA program in doing so. I have a few domains that are going to auction early next month with Snap and am a bit excited over it.

As advised by my SnapNames representative, most names at auction will be starting at low reserve/initial bid prices around $99, few higher @ $299. Initially I was a little taken back by his suggestions, buy I soon realized that domains on auction there will likely get bid to actual value (or more hopefully)

The transfer process is a bit tedious (and costs $6.70 if I am not mistaken) you must obtain auth codes from your registrar, and send them over into your udomainname.com account. They take a while longer than I thought to "land" there. Also the domains you want to sell there must be in the account at least two weeks before your auction is scheduled or auction date will be pushed back. I am told this is so that they can properly market your domains prior to auction.

Domains I'm selling there have either been bought on ebay (in a lot) or were hand registered (3+ years ago) Hope this helps out....

 

[HcDomains]

I should of added a couple things.

If your domain is a "Great One" set the starting price at $99. (That's what I would do, but you don't have to) Your domain will get market value and then some. Again, it is a risk, but life is a risk and the ones who takes risk, also make lots of money!!! (most of the time) lol

If you do set your price higher, it's most likely to sell for that price as well, because your bidder count will be Low, if not 1. I would think people listing for $199 are hoping to get a lot more then $199, so why not just take the $100 risk and have a lot more people in the auction!

I can understand listing a LLL.com for $99 is a risk, but anybody would pay $5K for an LLL.com right now, so it would be atleast that amount. If it's a premium letter, it will go much higher.

Yes, there do have lots of crazy bidders for expiring domians on Snap. But their may stick on the expiring domains only. The Snap Sellers Program's list is seperate from the expiring list. I don't know how many people are checking that list regulor (And nobody has experience since it just started) so maybe don't have enough bidders even I set my reserver as low as $99.

So I don't suggest set the reserve much lower than what you actually expected and assume there would have as many bidders as for expring domains. The program is in Beta itself. So maybe better test it with high setting price, then adjust it when we have more experience / news on it.

Just my 2 cents