Andrew's new bidding strategy (1 Viewing)

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FM

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My new domain auction bidding strategy - Domain Name Wire | Domain Name News

So I decided to set maximum proxy bids and see where I ended up.

I placed a proxy bid of about $6,500 on one domain and got it for $3,433. I placed bids on another couple of domains in the $500-$800 range and got both for $100-$200 less than my proxies.

I’ve kept this strategy up since returning from vacation. Yesterday, I placed a $3,080 bid on a domain and got it for $2,388.
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MapleDots said:
Lower winning bids than some of the bids on TBR :unsure:
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The TBR really doesn't fit the current Canadian market, and I can only assume people are buying for 5-10 years down the line.
 
GeorgeK said:
If the auction venue is trustworthy, but there's always the risk of the "Hank Alvarez" shill bidding that could drive up costs.....
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Agreed, and there is no perfect bidding strategy - you just need to determine your max price per domain and stick hard to that limit, no matter which bidding strategy you choose.

You make money on the buy and the old "just pay more than anyone else" strategy is a sucker's game.
 
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