A lot of domainers use Namejet as do I.? What I’m amazed at is the lack of common sense with how they use it.? Here’s my gripe…? when you search through the domains on Namejet it tells you what day and time you must order the domain by in order to be part of the auction process.? People go in Namejet and just start ordering domains left and right even though the end date is days or weeks away.? This is so obviously stupid to do I can’t understand why so many people are doing it and not learning from their actions.? If you are scratching your head right now trying to make sense of my comment then listen up…

What is the first thing people do when they search through the Namejet domains?? They sort the list by number of bids.? The most popular (i.e. highest quality) domains are then displayed all the way down to the domains with a single bidder on them.? And now people go to town backordering everything in site because instead of sorting through a list of 20,000 domains and having to find the valuable ones (we most people won’t do because let’s face it, most people are lazy) they don’t need to because you did the work for them.? This is why the top auctions have 200+ bidders on them.? Because you, by backordering the domain in advance have given exposure of this domain to the general public and now everyone is in that auction and it’s driving up the prices as a result.

So what should you (and everyone else) do?? You should search through the domains, keep a list in Excel or on a piece of paper, and 5 minutes before the order due date hits you should go and order the domain then.? Now, instead of there being 200+ people in the auction there may be 20 people who waited until the last minute to bid and now the auction size is smaller and ideally the ending price will be lower.

I admit, I made this mistake a few weeks ago.? I was searching the domain names by keyword and I found a domain I wanted.? The end date was a day away and I got lazy and just put my bid in then thinking that I was safe since it was just a day away.? Sure enough, by the time the end date hit the next day there were 3 other people (who I would bet my bottom dollar) searched by bid, saw the domain because I bid on it, and they bid on it too.? The domain ended up going for $500 (which is more than I wanted to pay) so I cost myself the domain by being a little lazy.? If I waited until 5 minutes before the end time I would have scooped it up for $69, but instead I had to compete against other people and the ending price finished about 7 times higher.? Good for Namejet, bad for me.

If you don’t think this strategy will work let me give you my results from tonight.? I found 5 domains that I wanted which had no bids on them.? I waited until 5 minutes before the end time and I added them to my cart and ordered them.? The end time passed.? I checked my backordered status, out of the 5, I was the sole bidder on 4 of them, and there was one other person (who was assuredly implementing the same strategy as me) who bid on the last domain.? So I’m getting 4 domains for $69 each (which at the least are worth mid $XXX to low $XXXX in my opinion) and the last domain I only need to compete now against one other person.

So if you find a domain you want, and there are no bidders on it, DO NOT bid on it until a few minutes before the end time.? You’ll save yourself money and the probability that you get the domain is significantly higher!

6 comments on “How You SHOULD Be Using Namejet (Save Yourself Money!)

  • good tips – but there is no way to be certain that you would have gotten that domain for only $69 – that is only speculation. I use namejet as well to backorder domains and this is something that I quickly learned when I first started buying domains. I do have experience with buying/selling products so I’m used to the whole bidding process. I mean it makes perfect sense to me, but not to many other people. Hopefully people will read this and learn – good write up

    • I completely agree, no guarantee in getting it for only $69…

      But I think that:

      1. your odds for getting it possibly for $69 will increase tenfold
      2. even if there are other last minute bidders, you won’t have all the sheep in the auction who only browse the domain names with bids on them

  • I agree with this post! This is how I bid when I use Namejet because I know for a fact that a few of the names I got for 69 would have been 200 to 400 auction names.

    Great blog!

  • If the name is so so, just wait for it to drop and pick it up for under $10. I don’t care anymore if I get the name or not. Once you have so many domains, you stop caring because its just another name in the list. Usually 3 out of 5 times, I am able to get the name. If not, oh well, might get it next year when that domainer doesn’t sell it and lets it drop :-p

  • This is how I use NameJet now. I used to do it the other way until I realized I was the first to bid and then a bunch of others jumped on board and cost me a couple of thousand. Great advice!
    P.S. Please change the CAPTCHA to an easier to read version.

  • The problem is sorting through the 40,000 pre-release and deleting names every day to find something worthwhile. After spend countless hours doing so, I found it much easier to out bid someone on the few names I really want to buy. Call it lazy to let others do it, but I consider it simply a cost for the time I would otherwise spend searching – and my time is worth more 100% of the time. My big gripe with NameJet is why are we “restricted” to bidding before some deadline – why not allow bidders to jump in any time up to the auction close???

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