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NameJet Extends Auctions Impacted by Technical Difficulties

Yesterday afternoon, I had a tough time visiting NameJet’s website. It seemed that every time I tried to visit an auction page or my control panel, I saw an error message. I frequently saw that NameJet Maintenance landing page, which I asked others about on Twitter:

I heard from others who had the same issues accessing auctions yesterday afternoon. Later on in the day, NameJet’s sister platform, SnapNames, posted an update about the issues on Twitter:

Incident Report Published for GoDaddy Security Breach

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A little over two weeks ago, a security breach involving GoDaddy Managed WordPress Hosting accounts, was widely reported. The news received coverage in tech publications like TechCrunch, as well as mainstream publications like Reuters. It was important news considering the breadth of the breach and potential impact it could have on GoDaddy customers and even clients of their customers who use Managed WordPress hosting at GoDaddy.

Since the incident was reported and detailed in a SEC filing by GoDaddy, the company has shared updates on what happened and what the impact has been. The company notified its impacted Managed WordPress hosting clients via email and provided some general advice on what actions their clients should take.

Operate.com Sold for $190,000 on NameJet

Operate.com was sold today for $190,000 in a public auction on NameJet. It looks like there were more than 100 bidders who participated in the auction with at least a backorder. Operate.com was one of the Thought Convergence domain names put into auction at NameJet.

According to NameBio, this is the largest sale on the NameJet platform in at least three years. The $148,134 sale of eShop.com in March of this year was the previous high water mark at NameJet during the past three years.

They Don’t Always Come Back

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A couple of weeks ago, I received a $4,000 offer on a domain name I acquired in auction for $69 in October of 2020. The domain name was priced at just shy of $20,000, and I have not received any other offers or inquiries for it in the last year +. I offered to reduce the price a bit and the prospective buyer came back with a best and final offer of $5,000 as he had an alternative option as a backup. I made one more counter offer and the buyer stood at $5k.

This is the kind of domain name I consider to be replaceable inventory. I typically buy several of these domain names each week, and there is nothing I would consider inherently special about this domain name. A decent $5,000 offer coupled with the fact that I did not receive any other interest in the last year led me to reconsider the offer and decide I would take it.

Should I Share the Sale Price

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A little over a week ago, I detected a domain name sale with the help of DomainTools and its domain monitor tool. I had been tracking that domain name since it last sold in private, so I contacted the seller to ask if he could share the sale price. He shared the price and some details with me, and I reached out to the platform to confirm and ask a follow up question.

It wasn’t so much the need to confirm the sale price because I trust the seller, but I like to ensure everything is accurate. A representative from the platform told me the company could not confirm the price or share details unless it has permission from the buyer as well as the seller. The company had reached to the buyer, and the buyer did not respond to their query.

I just posted a poll on Twitter asking people if I should share the price in a tweet or my blog, and I would like to know what you think:

Bought my First Two .XYZ Domain Names via Dan.com

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Aside from a dozen or so non .com domain names I registered over the years, I have been strictly a .com domain investor. On my NameJet and GoDaddy auction filters, .com is the only extension checked. There may be value elsewhere, but .com domain names are the focus of my business, and I do not see that changing.

I am not opposed to purchasing non .com domain names. It would be foolish to cast off everything else particularly as times are changing. I did not feel like spending my money on alternative extensions when there are so many from which to choose. I felt like it would be very difficult to pick winners, and I don’t want to keep spending money renewing losers, particularly when some have much higher renewal costs.

Over the years, I have mentioned my willingness to buy non .com domain names when I see the potential to make money. I have wanted to see mainstream companies using a particular extension, and I have wanted to see companies willing to spend money acquiring non .com domain names. After all, when I invest in a domain name, I want to be confident an end user buyer will pay a premium over what I paid. I don’t want to see end users buying them simply because they are cheap and available. This would indicate that making money as an investor would be challenging.