I don’t really keep tabs on drop auctions, unless I am bidding on them. I also don’t generally place a bid on a domain in auction to watch it, even if there are many other bidders involved. However, Mike’s post, which has little to do with drop auctions, should make us more aware of what’s dropping.
With PPC down, companies are less cavalier about spending significant money on dropping domain names because they simply won’t be able to maximize the value with a parked page. For domain investors that develop or that buy and then target end users to re-sell, this is a big opportunity. Names that were selling for 4 figures are now selling for 3 figures, and there is less competition – especially for longer tail keywords. Some can even be picked up for registration fee after the auction ends.
In addition to the PPC slide, domain tasting has been virtually killed. This is causing more domain names to drop than ever before, allowing domain investors with a sharp eye to get deals. IMO, there are many great domain names that would be perfect for niche businesses, but they don’t get much type-in traffic. These types of names can be perfect for a quick flip to a targeted end user buyer.
I talked about a good deal I got on CabCompanies.com a while back, and every day, there are dozens of great domain names like this that would have sold for much, much more several months ago – or would never have even dropped. If you haven’t been paying attention to Snapnames or Namejet auctions, now is a very good time to do so.
Good catch on CabCompanies.com. I actually let that one go to Snapnames auction by mistake…I did that with a small batch of names.
The site you made is nice. Email me if you want to see the PPC stats so you have something to compare with…it didn’t do well with PPC.
I am also one of these ones who isn´t paying too much attention on what is going on NJ or SN, but lately I have found some good names where to bid on, thanks to the facts you are already mentioning in your post today.
Hey Elliot!- Shhhhhhhh! JK! 😉
Elliott, I see many domainers using snapnames to filter their portfolio. For months, I see domainers let a domain go right to the edge of redepemption period and then renew domains that garner interest on snapnames – sometimes hours before it is too late. So even if a name is “available soon” – sometimes it might get renewed before it sees the light of day.
Currently bidding on a namejet domain… lets see how this goes.