I started analyzing myself the other day, on the type of domain auction bidder I’ve become (mainly within namejet, snap, and tdnam). Logic would tell you to place one bid, your highest, and simply let it ride. But I’m very emotional regarding domains I target. Because of that, my bastardized logic tells me to wait until the last 15 mins, stay in the shadows, and lob in a high bid.
Crouching Tiger, Hidden Dragon.
My mind tells me: “Maybe one competitor’s internet connection will drop, and another will be too caught up in a Hallmark Hall of Fame movie on Lifetime, and another’s boss will be hanging over their shoulder at their 9 to 5 - rendering them un-bidable.”
And no, chances are my strategy has no effect on the final outcome or eventual sales price… but you never do know, do you…
And so I wait..
So….. what type of domain auction bidder are you?
This entry was posted on Tuesday, January 29th, 2008 at 8:45 am and is filed under Domaining. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
(haven’t seen that type of spam protection before - use to the image with characters thing - this is more properly labeled absolute idiot protection)
I think most people feel the same way as you mentioned above, but for me its a real name dependant issue. If the name is hot, I’ll make sure I’m there at the close of the auction and hammer it. If it’s a name I’m luke warm over, I’ll place a bit a hope for the best. Another strategy I have found to be successful is to place a few bids shortly after my initial bid, then back off hoping to create the illuision that I’m not interested or reached a spending limit. When the auctions in it last ten minutes, all in. The crazy like a fox approach?
I’m not by any means a big investor just looking for that one phrase that pays.