There’s a thread on NamePros asking people how to get people to view specific private domain auctions. I am an active bidder at NameJet, GoDaddy Auctions, and to a lesser degree, DropCatch.com. I thought I would share how I find domain names to bid on just about every day. I don’t know if it will be helpful to people trying to sell via auction, but perhaps someone will find it interesting.
I have a paid subscription at Dropping.com, and I receive multiple emails every day that each has a long list of domain names that match certain criteria. Without giving away the specific attributes that are appealing to me, some of the general categories I consider are:
- Domain Age
- Estibot Value
- Keyword Searches
- Other interesting attributes
There can be anywhere from dozens to hundreds of domain names within each list from Dropping.com. I go through the emails and look for domain names that sound good to me. I do a bit of Google, USPTO, and Whois searching on some of the domain names that catch my attention to determine what I think it could be worth at wholesale and retail levels.
At NameJet and GoDaddy, I have some saved searches based on various keywords I have had success owning or see selling. I receive emails from the auction platforms each morning with the upcoming auctions for domain names that match my search criteria. If a name is being re-auctioned on NameJet, I receive those notification emails in the evening.
On GoDaddy, I have several saved searches I look at every morning and in the early afternoon to try and hone in on domain names that would be appealing to me. The saved searches are very specific and very broad so I can really find names that match certain criteria and then look at some more broadly in case my specificity has eliminated names that might be of interest.
Finally, each day I look at all of the auctions with bids to see if I missed something that caught someone else’s attention. I typically do this towards the end of the auctions, and it depends on the time zone where I am bidding.
Notably, the most important factor to me is my gut feel. Essentially, I ask myself if I could see a business paying a premium of the auction fee to buy the domain name from me. I also try and determine if I will be able to monetize the domain name based on the available metrics. If I can’t justify a purchase or a bid price, I pass. Ultimately, a domain name could seemingly have good metrics, but if I can not envision a company paying a premium to buy it and use it, I probably won’t bid unless I think I can monetize it.