Pooling a Domain...

[CreativeLogic]

Pool.com Snapping a Domain...

I've yet to attempt to snap a domain or anything. But I wanted to start a site and I found a domain that was about to drop. I placed a snap on it at Pool and at GoDaddy.

I recieved an email from Pool today here is what it said:

Dear Ryan Amos,

Pool.com has successfully secured the following domains which you backordered. They have entered Phase I of our 2-Phase Auction System.

Phase I: Domains in Sealed Bid Auction

Close Date Domain Name

11/12/2004 3:45:00 PM GMT domain.com


Don't lose out on these domains. Copy and paste the link below into your browser to enter your Sealed Bids now!

https://www.pool.com/MyAccount/auctions.aspx

For more information on our 2-Phase Auction System, please visit our FAQ's by copying and pasting the following link into your browser.

http://www.pool.com/help/FAQ.aspx#2Phase

Best Regards,

The Pool.com Team,
www.Pool.com
[email protected]

Can anyone tell me what that means or what are my next steps I must take?

Thanks in advance!

 

[CreativeLogic]

Anyone?

 

[AdoptableDomains]

You won second place (or first place) in the first auction, or in other words, you are a finalist with a competitor. It's now another auction between you and one other person. Winner takes all.

I HATE pools new two phase auction system. The first auction is to find out who's really interested, the second is to squeeze every last dollar they can get by pitting the two of you against each other one last time to win.

:bah:

 

[CreativeLogic]

So it's true that pool has securely snapped the domain? Is it possible that I'm the only one interested in the domain and they are just seeing what I'll pay for it?

 

[Badger]

Yup.... But theres always another bidder (allegedly)

"who you gonna call, pool phantom buster"

Too many syllaballs??

Anyway, my advice, go in low initially - $100. The phantom rarely out bids you but your maximum bid (if you are alone) always seems to win. If there is someone else out there, you'll soon find out.

Good luck

Ian

 

[nRnF]

Watch out with Pool.com

They have the higest sucess rates of domain backordering, but also not very ethic practise.
See this thread
But if you want the domain you have no other choice than entering in the Poolish game ;(

 

[TLDnetworks]

I got burned with Pools 2-phase deal because I didn't understand the process. Keep in mind that they are NOT allowing a proxy bid, thus if you place a bid - that is your bid and what they will charge you.

Phase 1 is the tricky part because you don't know where you stand or how many others are also involved (phantom). You have to decide how important the name is to your operation. If it has expired traffic, the name will be bid up. You can play the game and place $100+ IF it's worth at least that much to you AND you think others will pay more than $60 for it. You can sit tight with the initial bid of $60 and see if the others bid it up - remember though, if they bid it up and you'r not in the top 20% with your bid you will not move on to the 2nd phase and will not have a chance to obtain the name.

I don't use Pool much now, and usually only on names I REALLY want or need. My advice is to find another name, and sit tight at $60 and wait it out. But that's just my opinion. :wave: Good luck!