Companies will collaborate to catch dropping domain names.
Two expired domain name services are teaming up to compete better in the market for pending delete domain names.
NameJet and SnapNames will pool their resources for capturing domain names which go through the complete expiration cycle. Backorders placed on either platform for pending delete names will go into a common backorder pool and will be fulfilled either by NameJet or SnapNames depending on which platform the backorder was placed. Pending delete names that have multiple backorders will be placed in a common private auction accessible to bidders from both platforms to participate in the live auction. Minimum bid increments and proxy bidding rules for NameJet will be modified to match those of SnapNames.
This explains NameJet’s recent price change for pending delete.
NameJet and SnapNames face increasing competitive pressure for pending delete domain names from the likes of DropCatch.com and Pheenix. Pooling resources will help the companies grab more of these domains when they drop and generate more revenue for each domain.
It also means one less task for domain investors. They can backorder at either NameJet or SnapNames instead of both.
SnapNames is owned by Web.com, and NameJet is a 50/50 partnership between Web.com and Rightside.
The deal will not affect “direct transfer” domains that don’t go through the entire deletion cycle.
Brilliant move – they are both tired of the losses as a result of dropcatch so this gives them an edge. Success is short lived in this game as dropcatch will just buy more credentials.
NameJet is the weak link here, not SnapNames. For expired domains, NJ is perfect. For dropped domains, SN did well, and not always behind the competition. The combined platform will raise the resulting prices for deleting domains.
Snapjet.co is available. Just saying 🙂
Makes sense. Not sure why they didn’t do this sooner.
Buyers can skip the chore of a 2nd backorder, but they’ll now face more bidders at auction. In the past, there have always been people who placed a backorder at 1 venue but not at the other. That excluded about half of them from bidding. Not anymore.
Exactly why this is a not good news for domain investors with a specific drop-catching strategy. Yes, it makes sense from a business standpoint, and next quarter’s numbers will most likely prove so.
Always wondered if a third-tier drop catcher could make it (didn’t this all start with that mass spammer Alexander in Colorado?). It took a few years but now we have the answer. Can’t imagine any other reason for this except as a response to that pressure. And it sucks that bids are definitely going to be driven up.
Btw, watching the NJ closing at noon gave a hint at how many bidders there might be on a particular PD. If zero, then it was a pretty good clue that it was off the radar and you’d have a solid chance at being sole bidder at SN. If non-zero, then just put in your $69 bid at the last minute to cover the bases.
That piece of info will be gone now. Of course this only applied to the crappy drops I try to get. Anything decent would get multiple reservations at both.
If this means that more of my domains are going to end up at NetworkSolutons I might seriously lose my mind
as long as I can manage them in 1 place like drop catch or pheenix. Snapnames is the only place that has me using multiple registrars, and it is totally unorganized over there. I always have to do work to find out where my domain went with snapnames.
All I want to say that it is a very smart move by both namejet and snapnames, ventures like these are very prone to success. They should also work out on other remaining “grey” areas.
In october you reported that DropCatch had 752 total registrars. How many will NameJet and SnapNames have combined now?
It makes good financial sense for the companies, as a domainer, be prepared to quote higher, as you will be paying much more for your domains.
I recently wanted a domain name that was registered with Network Solutions and the domain name went into the pending delete phase. I did my research and from what I was lead to believe from both sides was that Namejet had an exclusive arrangement with Network solutions for back orders and Auctioning of a domain name if there was more than one back order. I also was told that Namejet and Snapnames were partners and placing a backorder at both was not necessary and in fact only one could be placed.
So I wait for the drop and keep looking up the whois information I finally see that it has been transferred but not to me. I start to do some investigations it was registered to whois.threepointdomainsllc.com and with a contact information of [email protected]. So when you do a http://www.threepointdomainsllc.com it redirects to a Snapnames page.
To me it would look like that namejet and snapnames have a relationship with Buy Domains and they have simply gone around the process that they describe and sell to everyone and have done a backdoor job to transfer it to another arm of theirs were they hope to sell the domain at a higher price.
In all there is advertisement and a very unethical process going on here. At the very least it was sold without Auction by Snapnames which is against what they say they do . Which is put it to Auction.
David, if a domain goes all the way to pending delete, then NameJet does not have a direct way to get the domain when it expires. NJ and Snap have to compete with the other drop catching services at that point. NameJet has an exclusive deal before it goes into pending delete.