Bidding Starts NOW!!!!!
September 17, 2008 by Rick Latona
We’ve done one more thing to change the way domain auctions should be run. Our main competitor throws names that don’t sell into an online bidding system and runs them for another week. We are starting the online bidding a week before the live auction. You can sign up now and start bidding! The auctions will close when the live auctioneer says “sold” on the 24th at the T.R.A.F.F.I.C. Domain Conference and Expo.
My anxiety level is at an all-time high but at this point, I need to let the market determine our fate. I’ve done everything that we could think of. We’ve got, what we feel, is an incredibly good list of names at low reserves. We’ve got a world champion auctioneer. We are using the best online auction software company. We are starting the auction a week early! And, we have better financing options than our competitors because we will pay 10% of your down payment. I don’t know what else to do at this point other than sit back and hope for the best.
We are here to stay which is why we’ve put so much into this. Anything worth having is worth fighting for and the domain buyer, my customer, is why I fight.
Quick Links
View Auction Inventory
Register for Auction
Submit Domains for Auction
Hello Rick, I tried clicking the link to view your auction inventory; however, the page doesn’t seem to load. (Perhaps it’s my connection though).
Anyone else having an issue?
Good luck Rick!!
You are always the N.1
Great idea Rick!
Starting the online auction before the live auction will give investors an indication of the interest level for the domain. MUCH better than that “other” way.
Chris,
We were having server issues earlier. It should be resolved now.
Hello Rick,
A lot of names of your auction inventory are appealing. Congrats!
But what look likes is missing are the domain reserves.
The lack of transparency should refrain a lot of potential buyers, caution Rick.
Domain investors really need to evaluate in advance the names to bid and reserves are critical points.
DomainTools also offered the possibility to bid before the live auction day in his previous auctions.
At this time I wanted to help Jay and a pair of auctions I bidded several expensive names to try to create some sort of emulation.
But without success, except mine, all the bids were done the day of the live auction.
I hope you will be more lucky than Jay on this.
Thanks to remember in your post about the GREAT financing deal.
Let’s now try this enrollment process…
Friendly
I suspect this will set a good precedent in the domain auction industry.
Great list.
Good luck Rick!
[...] says on his blog: We’ve done one more thing to change the way domain auctions should be run. Our main competitor [...]
A very interesting idea Rick. I look forward to seeing what sort of interest this generates.
Good luck!
John
Rick–professional, great-looking site; nice job by you and your team.
Can you let us know where the minimum bids/reserves are available/posted?
Thanks, and best wishes on your auction.
Great inventory.
Off the topic…
Which is a better investment at this point in time(September 2008)?
Buying a domain name or buying a house???
You will most likely end up paying $100k for a domain name that is worth only $50k at these auctions.
On the other hand, you can buy a $500k house for only $100k today.
I just closed on a million dollar lake house for only $300k.
Which is a better investment at this point in time…buying a house or buying a domain name???
What do you guys think???
Which is a better investment at this point in time…buying a house or buying a domain name???
Buy a powerful domain name, build the site for a year and the profit you generate every single year will pay for your lake house, your car and your dinners. When you are done sell the online business for a large profit and buy more houses and more names. If you buy a house instead you’ll just read about people like this…
Good Luck!!
Congratulations, Rick!
In trying your hardest and putting everything you have into making something great, you’ve already gotten your reward.
Here’s wishing you the best success!
i will be honest , of all the latest domain auctions i have seen around your auctions have some of the best names that a beginner can actually wage his life on and start a business with. Dont beleive me
golfclubs.com
defenseattorneys.com
shit drugs.net
rick my man, give them hell. I might not be in a position to buy any of the domains right now — but in the near future you are welcome into my inbox anytime.
Good job man, honestly keep it up
The domains are all top notch and I wish you the best of luck.
Very good selection of names. How did you ever land golfclubs.com? With the rumors of Google and Yahoo collaborating, that site must be worth its weight in gold!
Lotterynumbers.com and broadwayshows.com are also sweet.
You’ve really created a selection capable of generating great revenues!
Knock ‘em dead Rick.
Domain name vs Real estate? Real Estate is only one Market to inveest your $ , and it comes with a stigma. Moreover the return on a cheap house deal today could yield nice profits however you may have to wait a decade to see the market correct enough to get it. So it is a very long term deal.
Domain names are much better investments due to the fact you control which markets to participate in out of hundreds to choose from. Some of which are not suffering as bad and in some fields are even thriving. No contest! Domain names win.