Will Not Use DropCatch.com

[DomainVP]

As many of you know, DropCatch.com will catch a domain that has been backordered, and opens the auction open to the public. Great for them, terrible for being a domainer.

There was an auction for a name, which I have a steady buyer for in that niche. Max I have ever paid for a name in that niche was $150, and I easily sold for $1k+.

There was only myself and another domainer that placed a pre order. Over the next 3 days four more bidders came to the table, and the auction quickly went from the initial backorder price to well over $700 USD.

The only bidders were myself, and a 3rd party who did not backorder the domain, but who came along in the final 36 hours.

The profit margin & risk no longer made sense to compete on the name, so I was out.

If this is the evolution of dropcatching, you better get your names where you can and hold on tight. I never thought I would find myself saying, "I wish NameJet caught that one."

My only consolation is that I cost another party hundreds of dollars, that went to DropCatch of course...

Good for DropCatch, bad for us all. Just something to consider when ordering names.

What are your thoughts?

 

[Keith]

With DC, the domains they target for backordering and then auction off are the ones that I and others point them to.

Not true.

That's why namebright and expire.com exist.

 

[discobull]

Here's the part that makes me laugh. Dropcatch risked tons of money to catch and sell domains at a profit. Meanwhile folks here are bitching that they have to pay too much for deleting domains. But their only goal is to make a profit off the domains.

I say you complain about all the domain owners that registered in the 90s. Business savvy and foresight doesn't belong here.

I don't blame you for putting words in my mouth. Much easier to win an argument that way.

 

[DU]

Oddly, despite his ability to identify every single valuable domain, it keeps happening that I pick up domains that nobody else bids on or backorders. Go figure...

Then the open auction format isn't much of an issue, is it. Only when someone proves themselves as equally insightful and brilliant as you.

 

[discobull]

Then the open auction format isn't much of an issue, is it. Only when someone proves themselves as equally insightful and brilliant as you.

I'm struggling to understand what sense this comment makes. Clearly, anyone as "insightful and brilliant" ( to use your phrase) would be someone that also backorders the domain.

In case I haven't made myself clear, my objection is to people who haven't backordered the domain ( ie those NOT equally brilliant and insightful ) being allowed to participate in my auctions. If you're somehow under the impression that I place backorders with DC and then only complain if my backorder goes to auction then allow me to correct the record -- I don't do business with them at all.

 

[DU]

I'm struggling to understand what sense this comment makes. Clearly, anyone as "insightful and brilliant" ( to use your phrase) would be someone that also backorders the domain.

In case I haven't made myself clear, my objection is to people who haven't backordered the domain ( ie those NOT equally brilliant and insightful ) being allowed to participate in my auctions. If you're somehow under the impression that I place backorders with DC and then only complain if my backorder goes to auction then allow me to correct the record -- I don't do business with them at all.

You made it clear a while back in the thread that you back=order elsewhere and ignore anything that lands at DC. All I'm saying was that if you're constantly back-ordering names that no-one else bids on back-orders then I fail to see what the major concern is.

You also seem to be under the impression that they are "your" auctions when they're not.

TL;DR
You don't use DropCatcher. Others do. A lot of Domainers are cry babies.

 

[discobull]

You made it clear a while back in the thread that you back=order elsewhere and ignore anything that lands at DC. All I'm saying was that if you're constantly back-ordering names that no-one else bids on back-orders then I fail to see what the major concern is.

You also seem to be under the impression that they are "your" auctions when they're not.

TL;DR
You don't use DropCatcher. Others do. A lot of Domainers are cry babies.

If you feel that expressing an opinion is a sign of having a "major concern", then maybe you should be asking yourself why you're here discussing a policy that you claim not to care about?

my auctions = auctions that I'm participating in, not auctions that belong to me.

Yeah, I get it. We're all cry babies and you're the adult. Thanks for that insight.

 

[jideofor]

You're wrong.

Godaddy is exactly the same. It doesn't matter what or how a particular registrar auctions. Here's what matters. You target a domain, it auctions or drops and auctions, you bid.

You want to split hairs over the fact that a domain deletes or is auctioned prior to deletion. It's no different. Domain X expires and you want it. Pay enough to best other bidders or gracefully bow out. Please don't cry foul when you're beat fair and square on the open market!

Keith, Godaddy is no way the same. It's called expiry auction and it's different from pending delete names which are subject to backorder to interested persons who had the eyes TO SEE IT FIRST...

 

[Name Trader]

but why should we all pay more money because dropcatch decided to do public auctions?

Because it's the free market system at work. If you don't like it. Don't backorder at DC and keep backordering at DN/NJ/PX.

 

[Keith]

Keith, Godaddy is no way the same. It's called expiry auction and it's different from pending delete names which are subject to backorder to interested persons who had the eyes TO SEE IT FIRST...

So if I see a godaddy expiring domain "first" you won't bid right?

Both godaddy and Dropcatch auction domains that have expired. Anyone can participate. The fact that you had to place a BO doesn't matter. In most cases, good drops aren't a secret only known to one person. You gotta pay to play!

 

[Jasonn]

I'm reading your posts and don't understand your position.

Godaddy and Dropcatch are identical. One auctions domains pre deletion and the other post deletion. Would you feel better if godaddy let domains delete and then host an open auction?

pending deletes have always been treated differently. when godaddy catches a pending delete it goes to a private auction, not public.

 

[Omar Negron]

I'm not crazy at all about the process of public auctions either. I agree with most of what was said throughout this thread.

What I basically do is backorder a domain name I want in all other services BESIDES dropcatch and hopefully I land it somewhere else and I get it or it goes into a private auction. If it doesn't all I have to do is check dropcatch and they are usually the ones who were able to grab it.

I did place 1 order using dropcatch because I wanted the name bad and it went straight to my namebright account, did not have an auction for it.

 

[Asfas1000]

I'm not crazy at all about the process of public auctions either. I agree with most of what was said throughout this thread.

What I basically do is backorder a domain name I want in all other services BESIDES dropcatch and hopefully I land it somewhere else and I get it or it goes into a private auction. If it doesn't all I have to do is check dropcatch and they are usually the ones who were able to grab it.

I did place 1 order using dropcatch because I wanted the name bad and it went straight to my namebright account, did not have an auction for it.

This is the best strategy IMO.

 

[discobull]

So if I see a godaddy expiring domain "first" you won't bid right?

Both godaddy and Dropcatch auction domains that have expired. Anyone can participate. The fact that you had to place a BO doesn't matter. In most cases, good drops aren't a secret only known to one person. You gotta pay to play!

As I've already pointed out the similarity between the two is non-existent. In any case, since a backorder is basically just a request to register a domain, a valid analogy would be that you attempt to register a domain only to find that once you've alerted your registrar to a domain's availability, they go ahead and register it but then put it up for public auction. Why not? We operate under a free market system and according to you whatever makes more money is ok.

In fact, I'm not sure why DC doesn't hold public auctions for domains that only have one bidder? It obviously can't be because they care about their customers. Maybe you should suggest it to them since exploiting other people's work seems to be your preferred method of operation?

 

[Keith]

In fact, I'm not sure why DC doesn't hold public auctions for domains that only have one bidder? It obviously can't be because they care about their customers. Maybe you should suggest it to them since exploiting other people's work seems to be your preferred method of operation?

You seem to be hung up on the fact that you "did work" by placing a BO. That's nonsense. It also doesn't matter if the domain deletes and goes to auction or if it simply auctions in expiry status. Both formats require research if you want to participate at auction time.

Now assume nobody places a BO at dropcatch for a deleting domain. So what. Namebright will catch it and keep it for themselves anyways. Just be glad that they give you the option to obtain domains that they "work hard" to catch.

 

[discobull]

You seem to be hung up on the fact that you "did work" by placing a BO. That's nonsense.

Since your concept of work seems to be to spend 5 minutes a day reviewing the 20 or so domains at auction on DC, it's not surprising that you consider this nonsense. There's no possibility that we could ever come to an understanding when you clearly have no idea of what kind of effort is involved in finding domains that the majority of the crowd has missed.

 

[tonyk2000]

Well, there may be different auction models - open, closed, "dutch", etc. Not a problem. The most interesting outcome I see after reading this thread is that some members are in fact of opinion that the following models:

1) Current DropCatch model

2) Drop catching service not taking backorders, but generating the catching queue internally and sending everything they managed to catch to an open auction

are equal in sense of the list of domains they would queue to catch.

 

[Keith]

you clearly have no idea of what kind of effort is involved in finding domains that the majority of the crowd has missed.

You should stop using Dropcatch since they don't let you grab names on the cheap. Especially if you're finding all these great domains that everyone else missed. Just BO everywhere else and cross your fingers.

 

[discobull]

You should stop using Dropcatch since they don't let you grab names on the cheap. Especially if you're finding all these great domains that everyone else missed. Just BO everywhere else and cross your fingers.

Apparently reading comprehension is not one of your strengths.

 

[Keith]

Apparently reading comprehension is not one of your strengths.

I'm reading your posts fine. You don't want competition. Dropcatch has too many competitors for you so you don't like them. Case closed.

 

[abaiti]

I never used this serves