- Impact
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Many domain investors find themselves bidding against other investors in expired or aftermarket domain auctions at Godaddy Auctions, Namejet, Snapnames, etc. Most domain investors only sell a very small percentage of their portfolio in a typical year (average around 1%). End users are often reluctant to extend generous offers for a domain name so one has to be rather careful when it comes to bidding in an auction. I would venture to say that oftentimes winning a competitive auction with multiple aggressive bidders may not be in the best interest of the winning bidder unless they have specific development plans and the skillset / experience to execute on those plans. So basically my view is you have to be willing to lose an auction even for a great domain because we all have limited resources and in many cases the auction winner will be sitting on that domain for years waiting for the right buyer. Thoughts?