Reverse Auction Feedback

mojoco · 19-02-2009, 12:23:31 PM

Well it seems that most of you enjoyed the reverse auction, congrats to the buyers!

What was good and what was bad about the reverse auction format?

What would you suggest should/could be done differently?

Any feedback appreciated.

Thanks in advance.

aZooZa · 19-02-2009, 12:29:26 PM

Mo, I thought it was very entertaining and a welcome change from the usual format. You might want to add a link to these to a 'current price at this second' script, which also shows a clock ticking down. Just for those like me that can't be arsed to work it out

cm1975 · 19-02-2009, 12:31:37 PM

Quote:

Originally Posted by mojoco

Well it seems that most of you enjoyed the reverse auction, congrats to the buyers!

What was good and what was bad about the reverse auction format?

What would you suggest should/could be done differently?

Any feedback appreciated.

Thanks in advance.

They seem to have produced a hell of a lot of interest. It's been quite refreshing, but think it can only really work for good quality domains where there is plenty of interest and competition.

I've been wondering what your thoughts on the reverse auctions were. Did the domains go quicker or more slowly than expected? ie. Are you happy with the final sale price?

C

getmein · 19-02-2009, 01:00:30 PM

I agree with azooza that a script showing a live countdown would be a great idea - would seem to add some interactivity.

Whats interesting is that as a market mechanism, while a normal auction seems to rely on the principle of greed and desire. This seems to work on the fear that someone will place the single winning bid before you.

doodlebug · 19-02-2009, 01:07:12 PM

Shouldn't this thread be in another section and not sales section, maybe put in domain research or something ?

Mods input please.

dtm · 19-02-2009, 01:17:21 PM

I was actually thinking of making a Ajax countdown script for acorn users will keep you posted.

dtm · 19-02-2009, 01:27:37 PM

I just reg'ed countdown.org.uk (recent drop missed, I believe)

Will try and something working on here in the next week

Quote:

Originally Posted by dtm

I was actually thinking of making a Ajax countdown script for acorn users will keep you posted.

deconstruction · 19-02-2009, 01:42:43 PM

yeah good stuff, been tempted to do this myself but a little scared the domain will go for less than i want.

maybe i will give it a go next week

mojoco · 19-02-2009, 01:56:33 PM

Quote:

Originally Posted by aZooZa

Mo, I thought it was very entertaining and a welcome change from the usual format. You might want to add a link to these to a 'current price at this second' script, which also shows a clock ticking down. Just for those like me that can't be arsed to work it out

Dale, a good idea and would be really helpful. Unfortunately I am a technical retard!

mojoco · 19-02-2009, 01:59:19 PM

Quote:

Originally Posted by cm1975

They seem to have produced a hell of a lot of interest. It's been quite refreshing, but think it can only really work for good quality domains where there is plenty of interest and competition.

I've been wondering what your thoughts on the reverse auctions were. Did the domains go quicker or more slowly than expected? ie. Are you happy with the final sale price?

C

While obviously I would have liked them to sell for more, both names sold within the price range that I expected them to.

19-02-2009, 12:23:31 PM	#1 (permalink)
mojoco Join Date: Mar 2006 Posts: 764 No Classified Ratings Domain Trader Rating: (100% / 64)	Reverse Auction Feedback Well it seems that most of you enjoyed the reverse auction, congrats to the buyers! What was good and what was bad about the reverse auction format? What would you suggest should/could be done differently? Any feedback appreciated. Thanks in advance.

19-02-2009, 01:07:12 PM	#5 (permalink)
doodlebug Join Date: Mar 2007 Location: This time next year we'll be millionaires ! Posts: 4,572 No Classified Ratings Domain Trader Rating: (100% / 31)	Correct section Shouldn't this thread be in another section and not sales section, maybe put in domain research or something ? Mods input please. __________________ No links for me thanks !

19-02-2009, 01:42:43 PM	#8 (permalink)
deconstruction Join Date: Aug 2005 Posts: 1,555 No Classified Ratings Domain Trader Rating: (100% / 51)	yeah good stuff, been tempted to do this myself but a little scared the domain will go for less than i want. maybe i will give it a go next week __________________ Wood Flooring \| London Flats to share \| Flat shares \| Student Accommodation \| Flatshare \| Quadrathlon \| Essex SEO \| Flatshare \| Rooms to let

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19-02-2009, 12:29:26 PM	#2 (permalink)
aZooZa Join Date: Nov 2005 Posts: 3,995 No Classified Ratings Domain Trader Rating: (100% / 46)	Mo, I thought it was very entertaining and a welcome change from the usual format. You might want to add a link to these to a 'current price at this second' script, which also shows a clock ticking down. Just for those like me that can't be arsed to work it out

19-02-2009, 01:00:30 PM	#4 (permalink)
getmein Join Date: Sep 2008 Posts: 136 No Classified Ratings Domain Trader Rating: (100% / 11)	I agree with azooza that a script showing a live countdown would be a great idea - would seem to add some interactivity. Whats interesting is that as a market mechanism, while a normal auction seems to rely on the principle of greed and desire. This seems to work on the fear that someone will place the single winning bid before you.

19-02-2009, 01:17:21 PM	#6 (permalink)
dtm Join Date: Jan 2009 Location: Cheshire / Warwickshire Posts: 768 No Classified Ratings Domain Trader Rating: (100% / 42)	I was actually thinking of making a Ajax countdown script for acorn users will keep you posted.