TDNAM Auctions - The Domain Aftermarket
Completed my first TDNAM auction a few days ago. I had a bid in on a domain that I really wanted by backordering it. The Godaddy domain process is that if a domain backorder comes in on a domain that's getting ready to drop (expire), Godaddy automatically lists the domain on TDNAM and applies a first bid for you at $10.00. Now you've got to fight for the name. A few days into the auction, I was outbid by another party for the domain and I chose to wait till the very end to place my next bid.
The auction was to close on November 29th, so I waited till the last 20 minuets and placed a bid which returned me to the current high bidder position. The auction quickly went from $20.00 to $325.00
From the process, I learned that in these TDNAM auctions, each time a bid is made, the auction extends by 2.5 minuets until a final high bid is accomplished. I was a bit skeptical that Godaddy may have saw my behind the scenes $355.00 high bid in the system and out bid me just enough to get me up near under that figure. Either that, or the person placed 10 - 15 bids to try and out bid me and then just gave up, which may surely have been the case. If not, what Godaddy didn't know was that I was ready to go to $1,000 or more on this particular name, because I really wanted it as it is a plural version of one of my current domains.
One thing that the TDNAM experience really lacks in my opinion is an immediate delivery of the domain you win. Although I was the high bidder, I have not yet received the domain transfer yet, but am expecting it by December 8th. There actually is no guarantee that I will even receive the name as there is a few days left for the original owner to reclaim the name, which is very unlikely since they have let it go this far, but in my opinion, TDNAM needs to work to get immediate delivery of these domains names to their winners, because I would be much more likely to spend a whole lot more money there if they did so.
The auction was to close on November 29th, so I waited till the last 20 minuets and placed a bid which returned me to the current high bidder position. The auction quickly went from $20.00 to $325.00
From the process, I learned that in these TDNAM auctions, each time a bid is made, the auction extends by 2.5 minuets until a final high bid is accomplished. I was a bit skeptical that Godaddy may have saw my behind the scenes $355.00 high bid in the system and out bid me just enough to get me up near under that figure. Either that, or the person placed 10 - 15 bids to try and out bid me and then just gave up, which may surely have been the case. If not, what Godaddy didn't know was that I was ready to go to $1,000 or more on this particular name, because I really wanted it as it is a plural version of one of my current domains.
One thing that the TDNAM experience really lacks in my opinion is an immediate delivery of the domain you win. Although I was the high bidder, I have not yet received the domain transfer yet, but am expecting it by December 8th. There actually is no guarantee that I will even receive the name as there is a few days left for the original owner to reclaim the name, which is very unlikely since they have let it go this far, but in my opinion, TDNAM needs to work to get immediate delivery of these domains names to their winners, because I would be much more likely to spend a whole lot more money there if they did so.
Labels: domain name auctions
posted by clasione @ 2:13 PM
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