discuss Winning auction against an auto-bidder

[Molly]

Hi guys. I checked out some of the expired domains, and tried bidding on a couple, only to find that I was immediately outbid by a machine.

What’s the trick? Do I just have to keep upping my bid until I happen to find where the auto bidding limit is? I will say, it’s a little disheartening, and I can see how one could go broke quickly trying to find that limit. Thanks for your time.

 

[bmugford]

There is really no secret. The only way to win is bid more than their max bid.

Brad

 

[rh2000]

Hi guys. I checked out some of the expired domains, and tried bidding on a couple, only to find that I was immediately outbid by a machine.

What’s the trick? Do I just have to keep upping my bid until I happen to find where the auto bidding limit is? I will say, it’s a little disheartening, and I can see how one could go broke quickly trying to find that limit. Thanks for your time.

You have to place a bigger bid than the person you are bidding against. That person set a bigger proxy bid than you. You have to keep bidding until you outbid that person. Depending on the amount, it can be expensive if you are on a budget. Good luck.

 

[KKBrands]

Yesterday i faced similar situation even i set proxy bid

 

[Kyle Tully]

Hi guys. I checked out some of the expired domains, and tried bidding on a couple, only to find that I was immediately outbid by a machine.

What’s the trick? Do I just have to keep upping my bid until I happen to find where the auto bidding limit is? I will say, it’s a little disheartening, and I can see how one could go broke quickly trying to find that limit. Thanks for your time.

Don’t start with auctions you will go broke before you figure it out.

Start at closeouts.

Go through the list of $50 names and add the ones you like to your watch list.

Also add them to a written master list. (This is important)

Come back in 24 hours and go through your watch list to see which names are now $40, and which ones were purchased at $50. (They will be gone from watch list but still be on your written list)

Now do the same the next day at $30, and the next at $11, and finally at $5.

Visit the names that were purchased and see what happened to them. Are they for sale? If so by who and for how much? Are they in use? By who for what?

Do this every day for a few weeks. Make sure to keep going through the $50 names and adding more to your watch list.

Now you have a feel for what type of names are being purchased by other investors / users, at what prices, and how they’re being used.

It will hone your eye for what makes a good name at various investment levels and what you should be buying.

 

[Molly]

Don’t start with auctions you will go broke before you figure it out.

Start at closeouts.

Go through the list of $50 names and add the ones you like to your watch list.

Also add them to a written master list. (This is important)

Come back in 24 hours and go through your watch list to see which names are now $40, and which ones were purchased at $50. (They will be gone from watch list but still be on your written list)

Now do the same the next day at $30, and the next at $11, and finally at $5.

Visit the names that were purchased and see what happened to them. Are they for sale? If so by who and for how much? Are they in use? By who for what?

Do this every day for a few weeks. Make sure to keep going through the $50 names and adding more to your watch list.

Now you have a feel for what type of names are being purchased by other investors / users, at what prices, and how they’re being used.

It will hone your eye for what makes a good name at various investment levels and what you should be buying.

This is super helpful, Kyle! Thank you!

 

[Kyle Tully]

This is super helpful, Kyle! Thank you!

This is basically what I do every day, the only difference is I'm buying names when they hit the price target I have for them.

 

[bmugford]

Don’t start with auctions you will go broke before you figure it out.

Start at closeouts.

Go through the list of $50 names and add the ones you like to your watch list.

Also add them to a written master list. (This is important)

Come back in 24 hours and go through your watch list to see which names are now $40, and which ones were purchased at $50. (They will be gone from watch list but still be on your written list)

Now do the same the next day at $30, and the next at $11, and finally at $5.

Visit the names that were purchased and see what happened to them. Are they for sale? If so by who and for how much? Are they in use? By who for what?

Do this every day for a few weeks. Make sure to keep going through the $50 names and adding more to your watch list.

Now you have a feel for what type of names are being purchased by other investors / users, at what prices, and how they’re being used.

It will hone your eye for what makes a good name at various investment levels and what you should be buying.

I do that myself.

If I feel strongly about a domain, I will pull the trigger at $50.

If not, I will add it to the list.

It's good practice to see what domains on that list get purchased at lower prices.

There is often not much difference in quality between a closeout and $1K+ auction.
Sometimes it just comes down to two interested bidders.

Brad

 

[Molly]

@Kyle Tully — this has been a very interesting exercise. Thus far, only two of over 100 close out domains I flagged have sold. The rest have dropped to $30 or lower, from $50.

It’s very strange to me — I see similar domains on auction with bids (such as misspellings); I haven’t yet figured out the magic sauce that separates the two.

 

[Future Sensors]

It’s very strange to me — I see similar domains on auction with bids (such as misspellings); I haven’t yet figured out the magic sauce that separates the two.

It's not always a rational process.

 

[Kyle Tully]

@Kyle Tully — this has been a very interesting exercise. Thus far, only two of over 100 close out domains I flagged have sold. The rest have dropped to $30 or lower, from $50.

It’s very strange to me — I see similar domains on auction with bids (such as misspellings); I haven’t yet figured out the magic sauce that separates the two.

Keep studying and you will pick better names.

Typical numbers for me are roughly:

- 50% of the names I highlight at auction immediately get bid up way beyond what I would pay.
- 20% are in my bid range
- 30% go to closeouts

Of the names that go to closeouts:

- 10% are taken at $50
- 10% at $40
- 20% at $30
- 30% at $11
- 20% at $5
- 10% drop

Those are rough numbers but a good ballpark of what decent names will get picked up at.

It sounds to me like you’re focusing too much on domain names and not enough on business names.

E.g. Just because one misspelling sold doesn’t mean any others will. Domain sales rarely translate directly like that.

Focus more on what keywords and names businesses are using to name themselves.

 

[Molly]

Keep studying and you will pick better names.

Typical numbers for me are roughly:

- 50% of the names I highlight at auction immediately get bid up way beyond what I would pay.
- 20% are in my bid range
- 30% go to closeouts

Of the names that go to closeouts:

- 10% are taken at $50
- 10% at $40
- 20% at $30
- 30% at $11
- 20% at $5
- 10% drop

Those are rough numbers but a good ballpark of what decent names will get picked up at.

It sounds to me like you’re focusing too much on domain names and not enough on business names.

E.g. Just because one misspelling sold doesn’t mean any others will. Domain sales rarely translate directly like that.

Focus more on what keywords and names businesses are using to name themselves.

Again, super helpful @Kyle Tully! Thank you! It’s going to take a couple of passes to process all of it.

 

[Molly]

By the way, I still couldn’t stop the reg’ing compulsion and got these off of expired. Apparently, my radar still isn’t well refined. Thoughts would be appreciated! Thanks.

Thread 'Thoughts on my loot? Am I getting warmer? - eepik .com & more'
https://www.namepros.com/threads/thoughts-on-my-loot-am-i-getting-warmer-eepik-com-more.1329070/

 

[bmugford]

By the way, I still couldn’t stop the reg’ing compulsion and got these off of expired. Apparently, my radar still isn’t well refined. Thoughts would be appreciated! Thanks.

Thread 'Thoughts on my loot? Am I getting warmer? - eepik .com & more'
https://www.namepros.com/threads/thoughts-on-my-loot-am-i-getting-warmer-eepik-com-more.1329070/

Well, awareness is a positive trait. At least you know what you don't know.

I would focus on domains with a use, mainly (2) word .COM.

They are the type of domains you can get for closeout or low $XXX and frequently sell for like $1500 - $5000 range.

The list you gave are just random LLLLL brandables. There are over 11M LLLLL, so there is no shortage of random ones out there.

Brad

 

[bmugford]

Keep studying and you will pick better names.

Typical numbers for me are roughly:

- 50% of the names I highlight at auction immediately get bid up way beyond what I would pay.
- 20% are in my bid range
- 30% go to closeouts

Of the names that go to closeouts:

- 10% are taken at $50
- 10% at $40
- 20% at $30
- 30% at $11
- 20% at $5
- 10% drop

Those are rough numbers but a good ballpark of what decent names will get picked up at.

It sounds to me like you’re focusing too much on domain names and not enough on business names.

E.g. Just because one misspelling sold doesn’t mean any others will. Domain sales rarely translate directly like that.

Focus more on what keywords and names businesses are using to name themselves.

I bought one closeout yesterday. I had 3 others on my list at the time.
One was taken at $40, one at $30.

The other is still there, but I decided to pass on it.

In general the majority of domains I put on my watchlist do end up being purchased on closeouts.

Brad

 

[Kyle Tully]

The other is still there, but I decided to pass on it.

This happens to me quite a lot.

The longer a name sits on the list the longer you have to think about it, research it, and find all it's flaws.

Quite often a name I like at $50 sours once it gets to $5.

 

[marijuanadomain]

Fake biddings...

I love to see an AI bidding war....how far will it go ..
An auto bidder against another auto bidder

 

[bmugford]

Picked up one today. 20+ year old two word .COM for $50.
Put a few others on my list to consider later.

Normally if I don't buy them at $50, I don't buy them at all.

I am a long term investor and generally only buy domains that I plan to renew. If it is not worth $50, it might not be worth renewing.

It is still good to see what other domains sell for lower prices though.

Brad

 

[Corey]

Does this apply to LLLL.com's too?

Cheers
Corey

 

[Kyle Tully]

Does this apply to LLLL.com's too?

Define “this”.