DropCatch.com Auction Announcement – Another way of making extra money!

DropCatch.com Auction Announcement - Another way of making extra money!Hello and Assalamo Alaikum,

I received an email from DropCatch.com for which I had a bad experience in past. They have also posted detail about the announcement on their blog as well which I have stated below:

“An internal process which alerts customers of caught and missed domains failed for Monday’s drop (7/14).  The domains have been … doing nothing … in a holding account in our system, but were marked as missed. So we were curious and performed an internal audit back to our launch date — we found a few other stragglers which were incorrectly marked as missed and again … doing nothing.

Since we already claimed that we missed these domains we are going to try to make the best of this situation:

If there was only a single backorder on a domain which we incorrectly identified as “missed”, we will be pushing that domain to the customer who backordered the domain free of charge. Enjoy!

If there were multiple backorders for a domain which we incorrectly identified as “missed”, we will be starting auctions for these domains today. Customers who backordered these domains will not be obligated to participate. There is a minimum bid of $60 for these domains. If there are no bids for one of these domains when the auction closes, we will offer it to an affiliate.

The following domains will be listed in auction using the above special conditions:

  • 58589.com
  • DomainKnack.com
  • EcoRoc.com
  • IsraelTalk.com
  • Mjyy.com
  • Norway-Mori.com
  • Rghj.com
  • Ysae.com

Non-Payments

The winners of these domains did not pay us for them. That’s too bad. The good news is that you’ve got another shot at them! The following domains will be re-auctioned under our normal auction rules:

  • 9555555.com
  • Artro.com
  • CraigslistAdTracker.com
  • Dinuo.com
  • Fallout3.net
  • HerMex.com
  • Hjkl.com
  • Hot-Live-Chat.com
  • Vokoo.com
  • YumiWu.com
  • Zdjk.com
  • Ziqing.com”

I remember making a comment on their blog in the past which was never approved. However, I posted another comment which went into moderation and not sure if that will be accepted but let me post below which surely they can’t sensor it 😉

“I think I was the second highest bidder for one of your non-payment auction so the domain should be awarded to me. Instead of that you have started public auction for that particular name and made an announcement as well to all participants as well as on your blog to get more and more participants. You are simply pumping those auctions to get maximum money out of it!

This is not fair at all and you guys are a bunch of shameless people who are just after money. No ethics and rules are being followed. Ethically you should have given the domain to the second highest bidder minus the first bidder’s bids.”

Last week I lost a domain at GoDaddy which was sold to the highest bidder at $9xx but couple of days later I received an email that “you had the second highest bid of $7xx and now this domain auction has been moved to the “Won” section of your GoDaddy Auctions account. You must complete the purchase of the xxxxxxxxxx.net within 24 hours of this notification or the domain may be offered to others for purchase.
If you are still interested in registering this domain name, please log in to your account and complete purchase for the domain.”

I was happy to win that domain specially when I saw that around $200 was waived off because all the bids highest bidder were removed and I got a great deal.

Similarly, in this case as well, DropCatch.com must have followed this rule and run their business ethically. It seems they are chasing money no matter what happens.

Yes, I still place backorders with them but to be honest I just don’t feel good to see when they catch it because the auction gets open up for everyone.

So far, they haven’t approved my comment on their blog but I have notified them about this post. Be brave to approve legit comments and have some courage to respond back.

Parking revenue for June 2014 and other updates

Hello and Assalamo Alaikum,

I am always doing test and trial with my parked domains by changing the categories/sub-categories and see if the revenue increases. Most of the time I face decline which is not an issue because this is how we all learn and gain good/bad experiences. Last month June 2014 was the same case where the revenue dropped compare to the month of May 2014. Below is some of the parking stats which might be helpful to you in some way…

Total visitors – 95,000+

Total clicks – 4,900+

Total parked domains – 675

Total revenue – $630

Top niche which made the most – Games

$$ made on a single day – $65

RPM – $6


If you have checked the May 2014 revenue than you must have noticed that even after adding around 25 domains the revenue still dropped. As you know my goal is to reach $1,000 in parking revenue and that time I must be having 1,000 domains under my belt which means I am aiming to make $1 per domain every month on an average.

So looking at the above figures, I am behind my target and needs to keep the number of domains and revenue to be the same. Won’t mind if the revenue increases against the number of domains in my portfolio 😉

On the other side, I have been parking max 5 domain with Bodis and received an announcement from them which I thought to share with you.

“We are excited to announce that, starting this July, we will be processing our users’ payments even faster than before. As you know, we are constantly trying to improve our platform and our service. Therefore, we have decided to spend additional resources to process user payouts on our new NET 7 payment terms. That means that you will be paid out even faster from now on – in just one week after the end of a month.

We hope you are as excited about this as we are. If you have any questions regarding this change, please don’t hesitate to get in touch with Bodis Support at support@bodis.com.

Sincerely,

The Bodis Team”

I think it’s good news for domainers who are using Bodis as their primary parking platform. Nothing big for me as I have parked very few domains with Bodis because they are banned by Google and DomainNameSales.com doesn’t pay that well for those names. Although they promised to make changes in future but I haven’t tried to park those domains at DNS recently. If any of you have parked Google banned domains with DNS and seen spike in revenue just let us know.

That’s it for now. Feel free to post a comment or suggestion if you have any. I will happily take it 🙂

Domain sold last year by Michael Berkens for $35,000 got dropped and re-sold for $5,755

Hello and Assalamo Alaikum,

It’s an interesting story I was following up since the domain was dropped and caught by NameJet to be auctioned off. The domain name in question is ClosingCosts.com which was sold last year by Michael Berkens for $35,000 and for some reason it got dropped and NameJet caught that one.

Domain sold by Michael Berkens for $35,000 last year got dropped and re-sold for $5,755

 

 

 

I was in that auction and gave the highest very close to the highest bid but didn’t won it. However, I could see Michael Berkens and many other domainers were into that auction but the winner was someone else with bidding alias “ahi”. Currently the domain is under privacy and details cannot be revealed. The auction ended last night.

Quite surprising to see that ClosingCosts.com sold last year for 35k and getting dropped next year itself.

Have you seen any high priced domain dropping so quickly in time?

Symphony.com sold by AbdulBasit.com for $375,000

Symphony.com-sold-by-AbdulBasit.com-for-$375000Hello and Assalamo Alaikum,

At this great moment, my heartiest thanks to Almighty ALLAH (The Most Merciful and Beneficent) who always strengthen me with firm belief and right guidance, and thanks to my family as well, they are always a great support specially my father who brought me in this business.

AbdulBasit.com sold Symphony.com for US$375,000, a great milestone is crossed as I was hoping to achieve this goal in current year. This domain was registered since 1997.

Credit to Frank Schilling for making great platform in the shape of DomainNameSales.com and the entire team for doing great job all time. This domain was brokered by Jessica Ebanks of DomainNameSales.com. She did fantastically well in closing this deal successfully and is one of the best domain brokers I have ever worked with. The buyer approached us and gave their initial offer in high five figures. After exchanging several emails we were able to wrap up this deal swiftly through Escrow.com.

I wish all the best to the new owner of Symphony.com and hope to see something big coming up.

Your comments are welcome no matter how good or good they are 😉

Domain Backordering Companies I have known so far

Hello and Assalamo Alaikum,

I have joined Domaining.com this month and it’s my first post after enrolling in – thanks to Francois.

Today I would like to share the domain backordering companies I have worked with. None of them are listed in any specific order.


SnapNames.com

Snapnames-backordering-companySince long time I am using their service and witnessed they have the best catching ratio by far. I am always confident giving BO with them because most of the time they are able to catch domains and beat the competitors even though there are some new companies recently launched.

They also offer pre-release domains as they have done partnership with many registrars and those expiring domains are exclusively auctioned off at SnapNames. You can find many good domains out there.

 

Name.com

Name.com-backordering-serviceThey are good at catching .tv/.cc domains but once in a blue moon Name.com will grab a decent .com on your behalf. Not sure when that they will come for me like it happened with the owner of Mouthwash.com which was some time back caught by Name.com. No harm is giving BO with them but most of the time good names are already backordered so very slim chance left if you are going to BO when a name enters into PendingDelete status. What you can do is to place BO when the domain enters Redemption Grace Period (RGP). At this stage, people normally don’t place BO with Name.com because they charge you upfront and your money is stuck until the domain gets dropped and will be available.
Personally I don’t use Name.com much for backordering .com domains because chances are quite low and I don’t need to stuck my money with the company who normally grabs almost nothing good. One thing I like about them is they take BO on first come first serve basis but there is lot of room left for improvement in increasing the catching ratio.

 

DomainMonster.com

DomainMonster.com-backordering-companyI have used them in past to backorder .cc domains and was really happy to see them catching some good domains for me. Wrote a review about them in past. When they newly launched the BO fee was as low as $19 + domain reg fee. Since then they have increased up to $64.99 which is costly. The only thing I like about them for .com backordering is they don’t charge you anything upfront. Only when the domain is successfully grabbed on your behalf. But that never actually happens 😀

 

Pheenix.com

pheenix-backordering-companyThis is a new company and to promote themselves they offered people to backorder on first come first serve basis. I was excited to see new competitor in backordering business and some time later they changed their business model to private auction. I left them for quite some time and the CEO of Pheenix.com “Tan Tran” actually offered me couple of free BO credits which I declined because I was disappointed to see them making private auction system. They started with first come first serve basis just to get clients and when they reach their target, everything was changed.
Recently I joined back Pheenix when I saw them beating SnapNames and other companies. Impressive to see them catching some good domains and I have won some nice names for myself.

 

DropCatch.com


DropCatch-another-backordering-company I have joined them since their launch of “beta” and I don’t need to say much about them. One of the greedy  companies I have ever worked with. I just dislike their system of making public auctions. People’s hard work is drained off in seconds who placed backorders initially. You can read more about them here.


NameJet.com

Namejet-backordering-company They are not as good as SnapNames in catching Pending Delete domains but you are going to find lot of great domains auctioned off daily from the pre-releases. Similar to SnapNames, they have many registrars affiliated with NameJet and all expiring domains registered at them are auctioned at NameJet.

 

GoDaddy.com

godaddy-backordering-companyI used to BO domains with GoDaddy several years back and I can say they are one of the poor companies in backordering domains. Never caught a single decent domain. I have even heard that some people successfully beat GoDaddy by hand registering domains and at the same time the domain was backordered with GoDaddy! Funny and may be true story because I have read this from many people. Also I have previously written about GoDaddy backordering service here.

 

 

1API/Hexonet.net

hexonet-domain-backordering-company They launched backordering service for .cc domains in 2010 and I was in the first few to join them. When they caught first domain, there was another person who had placed backorder for the same name and it went to public auction. The same greedy business model which is currently operated by DropCatch.com. It was a domain which were merely worth few hundred bucks but they auctioned at GoDaddy Auctions for some days. That domain went for over $1,000. I was really angry at them and their CSO responded it’s newly launched service and we are soon going to make it private auction system and they did it some time later but since than I have never used and I feel it was a good decision by me. I wrote in detail about Hexonet.net in the past which you can read here.

Dynadot.com

They charge you upfront some $14.99 so I paid them in advance thinking they will some day catch a domain for me. Yes, they are also doing private auction so not as bad as greedy DropCatch. But I found the poor thing about Dynadot was when I backordered several domains and they failed each time so I thought to ask for a refund but they declined to refund back and said I am forced to use this fund at Dynadot. dynadot-backordering-company
That’s nonsense really! Now for this purpose I cannot backorder some crappy name to get rid of them. Personally, I don’t recommend any one using them because they don’t catch any good names for you so the money is left with them.

What’s your experience with any of the above companies? Feel free to share any other backordering service you know.