Moniker limits domain submissions to 250 and provides additional guidelines.
Responding to results and criticism of recent live domain name auctions, Moniker is setting a limit to auction submissions to April’s TRAFFIC auction.
Domain owners may submit a maximum of 250 domains to the auction. Frankly, this number is still too high but is a step in the right direction. If they’re truly looking for the best domains, they should try limiting it to 10 or 20 per person.
The company also provided guidelines on which domains are more likely to be accepted for the auction.
One and two word domains, especially:
-A popular commerce and/or seach engine vertical (e.g. travel, debt relief, jobs, music)
-Word(s) or phrase that is easy to remember and spell (e.g. meaningful when spoken together, such as GoForIt.com rather than ForItGo.com)
Low reserve prices:
-Reserves under $1,000 are very likely to end up in the auction catalog (although that could be the silent auction)
-Reserves should not be “asking prices”
Traffic domains:
-Domains with traffic and/or revenue numbers from a reliable source
Domains can be submitted through Moniker’s web site submission form by March 27.
EM @ KING.NET says
Thanks to Rick Blogs. I’m looking forward to see a real quality domain name in auction.
I hope to see improvement in Bido as well. I thought we have experts in there. Prove me wrong.
Cheers,
EM @ KING.NET
- says
I’m glad after reading Ricks Blog to see that there shall be change in the Auction market place.
The one thing that always happend to me in any auction was bordom waiting ages for something interesting to happen.
Hopefully now we shall see good generic domains sell for a high price with STATS!
edwards says
Two other much-needed improvements in these auctions is 1) simplification of the process (it’s annoying to have to deal with Moniker AND SnapNames accounts — merge them!), and 2) publicity for the auctions. Domain industry insiders know about these events, but the broad public doesn’t have a clue that they’re happening. With some good publicity, lots of new “investors” could be attracted to domaineering, and that would drive up sales and profits for all.
Anunt says
Maximum submission should be 10 domains with traffic and revenue stats.
If they do not provide revenue or stats, you should completely delete it from the auction!!!
Duhmains says
So who is verifying these stats? What happens when the buyer gets the domain and finds they were duped? Not too hard to do really.
Regarding Ricks push on this. Isn’t it ironic that the guy who doesn’t sell domains based on stats and preaches to us for years not to sell based on stats and to tell buyers who want to know your stats to go away… now wants everyone else to sell domains based on stats now ? cool!
It’s good to see this stuff happening for sure. When it works with another auction, all the other auctions need to follow suit. Getting sellers to bring reserves in realistically, stop sending in crap domains, and provide more info on the domains is all good
btw. edwards did you see what happened last time moniker brought an end user to the auctions? (cowboys.com) The auctions aren’t bringing in the “end users” because they don’t really care and when they do care they obviously don’t have the same amount of knowledge and info that a domainer has. One at a time is the best we can hope for and that’s a slow process at that.
Chef Patrick says
Thanks for the info Andrew. I always forget to submit domain names to the auctions.
Jarred says
Emil, the domains you see at Bido are really the best of whats being submitted, the burden is also on the community to step forward and decide to sell their better domains with us.
There are ready, willing, and able sellers out there, we just need to locate them and educate them about the platform and how it will help them and command maximum market value for their domains. One thing missing from that equation that will come is simply “time”.
It really goes both ways, selection process is one aspect, submission process is another.
Andrew Allemann says
@ Jarred- I do like the idea of publishing posted domains and letting the community decide which ones go to auction.
EM @ KING.NET says
@Jarred
I agree with you, the sellers need to provide a quality domain soon before the community stop visiting Bido. As gate keeper, you have the last word to decline a bad domain or let the community decide which ones go to the auction (Great idea Andrew).
Cheers.
Emil @ KING.NET