Greg Ricks is betting a valuable domain on getting attention for his own auctions.
Domain name investor Greg Ricks has added auctions to his Perfect Name site, and he’s putting up a 3 letter .com domain name at no reserve to draw attention to it.
DXC.com is currently in an auction on Perfect Name with a starting bid of $10.
Ricks has already sold the domain name 447.net for $5,150 on the platform. Now he’s upping the game.
I asked Ricks why he’s using his own auction platform rather than one of the existing ones that have lots of registered bidders.
Ricks said he’s sold “a few million dollars” of domain names on 4.cn and likes that platform, but other platforms charge too much. He’s not willing to pay 15% to a service. Perfect Name isn’t open to third-party sellers right now. But if it ever is, Ricks says he certainly won’t charge 15%.
He also likes how holding auctions on his site gives him leads:
Anytime you use someone else’s platform, the customers are not your customers. Same goes for potential customers. You find out who the winning bidder was but you get no information on the 20 bidders that did not win.
That’s a good point.
Of course, it helps to have a huge inventory of valuable domain names to draw attention to your auctions. Ricks has over 300 three letter domain names in his coffers.
Ricks has a bit of experience with domain name auctions, having starting “live” domain name auctions on DNForum back when he owned that forum.
Bid goes up from $310 to $45,000 – Ha Ha Ha L O L
That was fast 🙂
“He’s not willing to pay 15% to a service”
Don’t forget about Godaddy/afternic that charges 20%. What is surprising, the ones that charge the most (15-20%) give ‘mediocre’ service.
And, the escrow services give the best service like Escrow,com and Escrow,Domains.
I wish Rick much success with his site.
Turns out it was a safe bet. 🙂
Thanks Andrew!
Apparently very safe…good luck
Those were the good old days when Greg’s live DNForum auctions sent many LLL .com to new owners, for $600 – $1,000 a pop. 😀
Turns out I should have kept all those awhile longer. 🙂
“Those were the good old days when Greg’s live DNForum auctions sent many LLL .com to new owners, for $600 – $1,000 a pop.”
@Acro — how long ago was this? (Year range).
Ended at $64,900. Went smoothly except for two mischievous users, one had the username “You are the highest bidder” and the other “perfectname”. Those two users have new usernames.
Nice sale, congratulations.
Hi , I want to contact directly with any supporter of perfecname.com via skype or whatapps, Could you give me the contact ?