… I don’t know, maybe it’s just me but I always loved the “No Reserve” format of NameJet. And make no mistake, I’m sure a lot of times, the heated bidding generated more revenue than a reserve model would have for certain names.
As of a certain point though, they started allowing people to auction domains with reserves as well. In other words, the domains in question are only sold to the highest bidder if the highest bid exceeds the reserve amount set by the owner.
So right now, they have reserve as well as no reserve auctions.
Is this one of those “the best of both worlds” situations?
I’m not sure.
It happens a lot in my case, I see a domain I like and after noticing that it has a reserve, I often just say/think something along the lines of “meh…” and move on.
On the one hand, a No Reserve format makes auctions more exciting for bidders.
On the other hand though, some owners aren’t willing to list good domains unless they’re allowed to set a reserve. Therefore, allowing reserve auctions as well attracts additional quality inventory.
I understand the pros and cons of each system.
As a domainer, I love exciting auctions and therefore, consider the No Reserve format more appealing.
But the NameJet team is in a better position than me to determine which system is more profitable for them and at the end of the day, I respect whatever decision they decide to go with.
October 2nd, 2013 at 4:08 pm
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I don’t like NameJet; I don’t trust them because they are not transparent.
I rarely use them.
Therefore, reserve/no reserve auctions make no difference to me.
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October 2nd, 2013 at 5:08 pm
I use NameJet frequently for backorders, but the reserve auctions are a real PITA. First, they mix user auctions – most often with set reserve – with real drops. It should be left for the user to decide if they want to only browse drops, or user auctions, or both. Second – oftentimes I add a number of domains to “catch” only to realise that most of them are in fact user auctions with reserve price. It is annoying because not only I waste time, as browsing the list takes longer, but also bidding in reserve auctions is usually pointless. Would be interesting to see the stats of how many reserve auctions actually end up over the reserve. I would bet less than 20%.
October 2nd, 2013 at 9:11 pm
NameJet is great place to buy or sell premium domain names.
We love Namejet.