We have a few early bidders which is always nice to see however lets explain why people pick 7 days auction formats. Two (2) days is too short and when you count for weekend days, time differences, global holidays and more seven days is the perfect amount of time to hold an auction for any decent size catalog of goods. However, if you’re itching to bid now its important to remember the golden rules of auctions.
Note to all SELLERS – any bid prior to the last day of the auction is a bonus.
A Bonus?
Yes, because the smartest bidders are those who wait for the last few moments of an auction to (a) avoid bringing unwanted attention to their desired domain name and (b) possibly catch prior bidders off guard therefore avoiding time for a bidding war. So, if you are a buyer (and we are pretty sure there will be quite a few come Tuesday) remember these rules:
1.) Target your inventory days ahead.
Download our full catalog here and choose the names of interest and add them to your watch list at SnapNames. When final auction day arrives (this Tuesday, November 24th) you will be able to watch all your chosen names under the “My Bids and Watched Domains” section in your SnapNames account just like you do for expired domain name auctions.
2.) Pre-Establish Your Max Prices and Total Budget
Interested in 5 names but have a limited budget? It is no secret auctions can get heated in the last few minutes and budgets quickly surpassed however understanding your budget and the maximum price a domain is worth to you beforehand can help avoid last minute pushes which can add up and severely hurt your pocketbook. Of course, this is much easier said than done however you should have some idea of a maximum price well before you start competing for a name.
3.) DO NOT follow the herd
Just because some names have a lot of bidders it does not mean all great names are gone – Many great names get overlooked at each auction and thats why it is important to familiarize yourself with the catalog well ahead of the auction closing date. Every auction will have a different group of buyers so come prepared.
4.) Have a BACK-UP Computer On
Almost everyone has a story about how a power failure caused an auction loss so in the world of desktops and notebooks it would be wise to have both computers on just in case (and logged in).
5.) BID
Ever hear “I would have paid that price for XYZ domain” story after an auction? It happens every time. Good deals are missed for the single sole reason – you did not bid. Lesson here – BID, you might actually get the deal you want.
DOWNLOAD THE CATALOG
Learn About almost $3,000 in Prizes
Also, don’t forget about our contest offering a €1,000 CASH prize (euros!) and some UBER-PREMIUM domain tools from DomainSuperstar.com – Learn more about the contest here !!
