I want to relay some NameJet news that I just received. The company is increasing the minimum bid price for pending delete domain names from $39 to $69. This change reverts back to where pricing was before the October price drop, which I previously wrote about. At the time of that announcement, the company side the reduced price was for a limited time, and it seems that time has come to an end.
Here’s the announcement that will be sent to NameJet customers this afternoon:
We want to let you know that our promotional pricing of $39 minimum backorders on PendingDelete domain names is ending effective today, 3/30/2016. The new minimum backorder for Pending Delete domains will now be $69. This is being done as part of a broader initiative to increase our drop-catch efficacy and to improve the overall customer experience on NameJet by better helping you obtain the dropping domains that you want.
All $39 backorders placed before the change will still be honored, but once the change is implemented you will no longer be able to put in bids below the new $69 minimum.
As always, we appreciate your business and look forward to serving your needs in the domain name aftermarket!
As a result of this pricing change, you may want to adjust some of your important backorders, which might not meet the $69 minimum.
“This is being done as part of a broader initiative to increase our drop-catch efficacy ” – Translation: DropCatch.com is killing us so we have to make more money on the few domains we do catch…
Maybe it is because there needs to be more financial incentive to put more resources into it.
I didn’t even know it was $39 at NameJet and just assumed it was in the $69 range. Shows you how much I’ve used NameJet in recent years.
$39 was what it cost for a basic SnapNames non-auction “SnapBack” order when they started out all those years ago now. I got a nice and famous .com domain with one of those back in those early days.