What is with Enom club drop prices?

[aww]

Aren't points on enom equal to actual dollars? Why does it seem like people are bidding them like they are pennies?

Look at recent auctions, what is with these terrible names bid up so much?

LASTMINUTETRAVELDEALS.COM 13000 pts. ??

ROUTENPLANER.COM 9200 pts. ??

CANADIANCARINSURANCE.COM 5700 pts. ??


and it goes on and on...

Are people really paying that much? Maybe I am expecting more thifty wholesale buyers and it's retail buyers bumping up the price?

 

[armstrong]

Yes, points are 1:1 equivalent to US dollars.

If real, these prices look like end-user level ones. With the right end-user, several thousand-dollar acquisitions are like nothing compared to their annual marketing expenses, to which domain acquisitions probably get charged.

Question is ... how is enom able to find and attract the right end-users. That would be a secret worth paying for.

 

[suthra]

Enom rocks. It catches almost all the good domains that drops now-a-days

 

[aww]

The best catching is a power struggle. It will shift from time to time. I wonder what will happen when one day there are over 500 registrars working for each company!

I just don't understand who is paying those prices for long three word phrases.

 

[suthra]

lol @avalon, thatz right. Enom easily finds the enduser /

 

[ExpireGuy]

Originally posted by aww
The best catching is a power struggle. It will shift from time to time. I wonder what will happen when one day there are over 500 registrars working for each company!

I just don't understand who is paying those prices for long three word phrases.

At the rate Snaps, NW, enom and pool are going, that "one day" could end up being sometime next week.
As for the recent high priced point spreads on three word phrase domains....maybe the markets gone from red hot to white..............or auction bid fever run amok. Regardless, it sure is fascinating from the sidelines.

 

[Matt]

Definately an interesting read. There is little chance imo that those names were deemed "valueable" from users of pool I would guess. I mean, CAnadianCarInsurance *shrugs*
Are there more than 5700 Canadians *joke*

As for the "500" registers working for these guys, well, that is unlikely. There does seem to be some loyalty with the registrars from what I'm finding, where, they are capping there own agreed partnerships on drop services such as the big 4. It is unlikely before the year end that there will even bee 500 registers worldwide. AFAIK, there are about 160 atm, with another 160 being "processed" which takes "however long".

In my eyes, I think there is still bubbling market and one to enter.

Apollo - As for Where they get the right buyers, that's pretty easy. I could have some of the best marketing companies on board within a day given the best backend.

Just my 2 cents

Rgds
Matt

 

[Anthony]

If you see bids of $13000, I think those are fake bids put up there by people who don't intend to pay, but who are trying to force a new auction with a lower result.

See, if that person wins and then doesn't pay, the name will come up for auction again maybe a week or two later. It won't go to the second highest bidder. Then it will be in a public auction, as opposed to a private one, where anyone can bid, but where those involved initially in the drop may not notice it, since they assume it sold for $13000. Get it?

 

[Matt]

I do. And I have to say, I question the ethics of Enom for allowing this.

 

[Anthony]

Originally posted by SY4
I do. And I have to say, I question the ethics of Enom for allowing this.

I agree with you completely, but I don't know how they would feel about putting a cap on the bidding prices -- even if $13000 seems slightly unreasonable.

 

[aww]

That was some good insight Anthony and exactly what I hoped someone would share.

I've seen enom club drop being heavily critisized on another forum and now I understand why. They will get quite a rep if they don't straighten the fraud out.

The obviously trademarked names are also going to get them in trouble sooner or later, "safe harbour" or not. I mean some of them are worldwide trademarked names and unlike ebay, the owners don't know to look for them (yet) on enom. Do we really want the fortune 500 trolling enom or do we want to do self-policing instead? I mean if the fortune 500 join the buying pool, you can be assured *NEVER* to win a decent name if they have any remote interest in it (since they are retail market with deep pockets),