In an email sent to customers this evening, NameJet announced that the price of pending delete auctions would now begin at $39. Prior to this announcement, the minimum bid for pending delete domain auctions was $59. The price drop is offered for “a limited time,” although the time limit was not published.
Pending delete auctions are a competitive market with quite a few companies competing to catch and auction the best pending deletes. Some of NameJet’s competitors include DropCatch.com, Dynadot, GoDaddy, Hexonet, Name.com, Pheenix, Pool, SnapNames, and possibly some others I can’t think of off the top of my head right now.
Here is the email that was sent to customers by NameJet:
For a limited time, NameJet has lowered the minimum bid for Pending Delete (Dropping) Domain Names to $39!
By lowering this price, we are providing our customers with a great opportunity to catch some fantastic names at a bargain. Combine this with the fact that we have masked the backorder information for domains with less than 3 backorders, our customers now have a chance to find some hidden gems in the drop and get them for a great price!
This change is live on the NameJet website now and will be effective for domains dropping as early as tomorrow, Oct. 15, 2015. For clarification, existing bids will not be lowered, but all new backorders on Pending Delete domains may be placed with a $39 minimum bid which will be accepted for all domains in the drop until otherwise notified. How long we will run this promotion is undetermined, so take advantage of this opportunity now!
And thank you for choosing NameJet!
Early Christmas Present.
That is great news! Will be interesting to see how this increases the amount of people who put in bids on the pending deletes over there now. Great business strategy by NameJet though as this definitely got my attention.
I was already focusing on putting NameJet backorder but now I am encourage to do it even more.
– Will
First NJ hides domains with less than 3 backorders because DropCatch was sniping off too many domains. Now they lower their backorder prices so domains are more likely to have 3 or more backorders. It kind of defeats the purpose.
Maybe if NJ didn’t display which domains had backorders on them at all, this move would make sense.
NameJet has lowered the minimum bid for Domain Names sale $39.