Here is another Q & A from a DotWeekly.com reader.
I currently own approx 600 names, I want to start clearing some domains at Auction to fund some new projects, I often see you mention SnapNames a lot in your Blog. Would you say this is the best option? I contacted them recently and submitted a list of domains. They tell me that I will have to transfer all my names to their registrar at a cost of $7.44 a name. Thats just plain madness! 200+ names, I would be out of pocket $1400 before I even start. If you got any Advice I would much appreciate.
Yes, domains sold on SnapNames.com have to be with one of their registrars (Moniker.com or uDomainName.com) and if they are with one of their registrars, the domain must have at least 6 months left on registration. So if your domains are with a different registrar, then they might not be the best option. If you have 3 letter domains (.com, .net or .org) or 4 letter .com’s those would be worth transfering to Moniker and listing with SnapNames. Dictionary word .com’s and some .net’s or .org’s would also be worth listing on SnapNames, but it depends on the quality of the domains.
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You have some money in your digital pocket and a domain you really like is at auction with minutes to go… In your bidding, you think the domain is currently under it’s value and like always the price starts to go up with about 5 minutes left in auction.
Now this is the part when Value starts going out the window because you get cought up in the Bidding Frenzy. At times like this, it’s wise to already have your Max bid writen down to help you "pull back" so you do not drain your digital pocket and overpay. I mean all you are doing is typing some numbers on a keyboard, it’s not real money… lol
Well the fact is, you are spending real money and I think a good idea to follow BEFORE you start bidding is to set your top limit. If you reach your top limit, just simply Log Out and move onto the next domain.
This happened today when I was bidding on Vaue.com at SnapNames which I liked for a couple reasons. It’s a nice typo of a generic, Value.com and it’s not often you come accross a nice 4 letter generic typo. I had wrote down my max bid would be $369 and I wouldn’t go over that amount. I was winning at $299, I was then outbid, so I placed my $369 bid and Logged out. I waited for about 15 minutes when I knew the auction would be over and logged back in. I won it for $332, but I also would not of been able to place a bid higher then $369 and get cought up in the auction bidding because I logged out once I set my top bid. I had wrote down my $369 top bid Before the aution started and I follow my value sheet during any auction. It will help if you do this before the auction starts so your brain is in the right place.
I will be bidding some more today at NamePros.com when that auction starts and it’s a bit harder to log out there, but I will set values Before the auction starts and write down my max bid for each domain that I plan on bidding on. I really think this helps curb the Auction Bidding Frenzy for me, so it’s just an idea that you might want to try.
I think this site has a great deal of potential and after SnapNames.com forced the domain SwapNames.com away from the site, it did hurt it a bit. I still think this site can do well if a couple tools are put in place to make the "swap" easy and with the proper owner. Here is the posting from the current owner, as he has posted it on DNF.com for sale.
"What is Zuho.com?
Zuho.com is an online marketplace for domain name owners to actively swap, buy or sell their domain names or web sites. Domain owners can actively search out domains that are of interest, offer their own domains in their portfolio as well as receive swap offers from other domain owners.
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