“Alright, one more bid and I’m out.”
“Ok, maybe just *one* more and then that’s it”
… 10 bids later …
“Who am I kidding? Submit bid. *Click*”
Sounds familiar?
Saying no during auctions isn’t always easy, especially if you don’t do your homework beforehand.
I always try to prepare myself mentally and set boundaries.
Do your research before the auction is about to end, give yourself enough time to digest the findings and plan your strategy accordingly.
If you really want a domain, go for it and crush the other bidder(s).
If you’re not thrilled about the acquisition but think you can sell at a profit nonetheless, be less flexible and stop once/if the price reaches a level at which you start to question the potential of your purchase.
But do yourself a favor and don’t leave everything until the last minute 😉
April 4th, 2013 at 4:44 pm
With the advent of the new gTLDS being introduced, its effect will severely impact the Search Engine Marketing Sector. According to MIT (Mass. Inst.Tech.) type-In traffic will be expanded rapidly and will be common place. Consumers are very reluctant to change and there are studies to prove that they will avoid doing business on a non-.COM site. This splintering and dividing of the Search Engine Market bodes well for a brilliant future, for Pure Play Generic .COM Profit Centers. M I T foresees Type-Ins, We foresee a seachange shift into .COM Profit Centers.
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
April 4th, 2013 at 4:49 pm
@Jeff: I don’t think any gTLD registry operators really think they can beat dot com.
Can new gTLDs beat the dot com extension? No.
Can they be extremely profitable under the right circumstances? Yes.
Watching things unfold will be interesting to say the least, looking forward to it.