NameJet Domain Backorders Don’t Make Sense To Me

Lately, I have been looking to backorder sites in hopes of securing domain names that I want to backorder. One of the sites I visit most are namejet.com & backorderzone.com. I have to admit that most of the backordered domain names make absolutely no sense to me.  It must be that I am used to cherry picking much better domains on my own behalf. However as curiosity,  I find myself scrolling through the backorder / auction lists to find that the names seem of less quality to me. Not only are the backordered (PendingDelete) domains backordered terrible, but the bids placed on each makes me feel like I am doing something wrong. Why would someone bid hundreds of dollars on a useless domain name? I run my proprietary domain check algorithms & find nothing good / special about these domains backordered with astronomical figures.

domain sniping

NameJet.com backorder domains

I can see how the pre-release backorders may have value – but I clearly don’t see the value in the PendingDelete domain backorders. Perhaps it’s the fact that everyone is getting more & more into domain warehousing & the best domains are  being warehoused by domain investors. It may be that the days I decide to checkout the daily backorder, only junk domains have been put a hit on. It may be that the real domains of worth are not included in the lists, but overall all I see is junk being offered for sale & soon being auctioned for sale on NameJet’s platform. While most valuable domains from the deleting list get backordered at the these outlets, I am scratching my head why. Why would someone settle to pay $69+ for a domain backorder barely if not worth the backorder price? Is it because there’s all there is out there to catch? I know that the PendingDelete lists have a lot more to offer, but domain investors still don’t have the resources to do their diligent research. To further investigate the full list of dropping domains & pickout the best ones. I understand that noone has this much time on their hands, but what happened to the old days of scanning the drop lists manually? Furthermore finding a diamond in the rough that noone else detects.

I still believe that there is a good percent of good drops dropping daily. These expired domain names end up in my lists & I choose to not chase such domains to see where it will take my judgement & domain wants. For example, if you were to scan the full list of 70,000 (approx) .com & .net domain names dropping tomorrow, you’ll find a lot of treasures that simply make sense. But instead we are (us domainers) are plagued by the theory that if someone else wants it. we must have it! What happened to just laying low under the radar & letting our own instincts take over? I think the pattern I am seeing will slowly deteriorate the  appreciation for domains we are used to & will get more & more used to automation drop list prediction with stats that don’t always point us in the right direction.

From experience, the best domains I have sold have been domains that I eyeballed from the drop list. These domains usually have zero stats & would have gone undetected under the radar. However I managed to sell them for good profits. For example a domain with no stats whatsoever no other TLD’s taken and a good purpose in my eye has rendered over a 100% profit. Eg, I bought the domain for $8.99 via a domain registration API & sold it for $949 or more.

This post should hopefully influence domainers, investors & entrepreneurs to do additional work on their  domain strategy & figure out that there’s always a lot more than meets the eye. Never giving up has been part of my moto & the more I find these droplist cumbersomeness the stronger my strategy gets.  The glass can always be half empty or half full & it depends on your perspective to figure out how to turn the matter in hand into your advantage or give in like the rest of the crowd.

Happy new years / 2013 & good luck domaining. I wish everyone the best of luck in this new year to catch valuable drops &  fill up your domain portfolios with domains others don’t notice, but you do ;)

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5 Comments »

 
  • mike says:

    Usually the lousy names have a lot of backlinks or good alexa numbers. It does not matter if they are pre-release or pending delete. The only difference is that the registration date does not get reset on pre-release names. Most of the pending delete names that get bid into the 100’s of dollars do so for one reason or another.

    If you want to catch anything of value you need to backorder it at NameJet or Snapnames. If you wait until it drops you have ZERO chance of beating Andrew Redberry of Huge Domains. He is the domain vacuum cleaner. So I have to spend the $69 if I want a name. I almost bid $59 on webofevil.com and digitalvenom.com, but decided to wait until they dropped today. Of course Redberry beat my Godaddy Backorders and I got nothing. So the only way to beat him and his kind is to pony up and pay the $69. I have 2 names like that I am ordering at NameJet tonight that I know will never make it past him, so I am hoping to grab them for $69 ea.

  • admin says:

    Hi Mike,

    I totally agree with you, however such domains don’t always win my eye in the drop catch game. It may be that I scope better or better domains in my eye that I think are more valuable. I guess there’s no real metric eg, Alexa, backlinks etc which determine an expiring domain name is worth more than the next. The value of an expiring domain name depends on the buyer’s eye. So I have set forth to find a merge between domains I feel are resell able & can secure a buyer. I was merely trying to demonstrate that the drop catch of an expired domain doesn’t depend on it’s quality, but rather on it’s resell value which mainly fluctuates on your ability to flip such domain name. I hope this makes sense & I’m sorry if I missed your point about the domain stats & you can rest assured that a diamond in the rough via the drop lists is much more valuable than an expired domain with stats to back it – but doesn’t make much sense.

    Thanks for your input & I welcome other remarks on other user’s drop catch strategy & expired domain list filtering methods.

    Dan

  • Ron says:

    Why is homersimpson and bartsimpson in the same auction at namejet, how can the same person have 2 accounts in 1 auction. Why are their people using automated scripts to bid up $10 increments, then bail, and not pay for auctions?

    To many deadbeats pushing up auctions then not paying, 9 out of 10 times they don’t win, but they sure push the price up, and profits…

  • admin says:

    Ron, Thanks for bringing this to our attention. I remember Snapnames was doing something similar with an employee Halvarez. Hopefully people will become aware of these bad practices & call them out. It’s too easy to keep raising the price of an auction for more profits. I will need to keep an eye out for deadbeat bidders in the future when backordering & entering into an auction at NameJet.

    Dan

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