Sedo Selected My Domain Name For Their Domain Hacks Auction – I’m Going To Make Money!


I got interested again in buying and selling domain names after an end user emailed me last Christmas for a domain they wanted and paid me a whopping $2500 for it. What an easier way to deal in real estate, than on the internet, selling domains instead of houses!

Domain Hacks AuctionOut of those funds, I spent around a couple hundred dollars buying a total of 11 domains, which 9 of those were sold as a package. I grabbed those 9 on auction for $155 (the other 2 were from godaddy’s expired domains auction).

I’m sure the seller had planned (hoped) to get more but no one else bid higher than I did.

The catch though, and the likely reason those 9 went cheaper, is most all were going to be expiring soon.

I had to pay the domain registration renewal fees as they were coming up and so far has cost me an additional $68 on top, with more renewals yet to come.

That’s probably why the seller took what he could get for them, even though they were worth more, as didn’t want to pay all the renewal fees.

Seemed like good enough domains that surely I could flip for at least triple of what I paid, I thought. I will find out if I can or not!

I have all of them listed in various places, including Sedo, but so far haven’t sold any and just awaiting offers for sales, which could take time as depends on the right buyers showing up wanting them.

Then I noticed on Sedo they were having a special domain hacks auction, starting on Apirl 26, 2018 and running until May 3, 2018, which they were accepting applications until April 19th. I submitted the only domain hack I had and was accepted, which is awesome because they did reject many, as had a specific criteria you had to meet.

I guess my domain fit the bill to be listed in their domain hack auction so I’m hoping it will sell, as I only put a reserve of $199 for it. Surely it should get enough eyeballs on it to have a look through my domain portfolio and find one they like, if not that one.

If you are wondering what is a domain hack. It is a domain name that combines a keyword with the tld (top level domain) extension to form a word, phrase or name. Like in my case, the domain is inju.red  to form the word injured.

Since I have never been in one of Sedo’s special auctions, nor even been selling any domain names for awhile now, I’m not sure how it’s going to go but I think my domain hack inju.red is catchy and has commercial potential. Maybe one of those sharp personal injury lawyers might be interested? I mean they have billboards and ads around asking if you are injured. This certainly should be a good one for them.

If you are interested in buying this domain name inju.red, please go to Sedo Domain Hacks Auction to bid on it. While you are there, do click on my Portfolio to have a look at the other domain names I have for sale there. Maybe one might interest you?

If all goes well, I may get more into domain investing (flipping).

Afterall I still have a million dollar goal to achieve (and yes I have been slacking off with the blog because life has gotten in the way) so I better hup to it!

Day 1 – A few hours into the auction and I already had a bid of $126. That’s a good sign as shows there is interest in the domain and, since many wait closer to end of the auction to make their bids, likely this domain will be sold considering my reserve is not far from that bid. Also I noted that most of the domain hacks have not had any bids, around 20 have bids out of 144 listings.

Day 2 – it’s the second day of the auction with no further bids placed, as still the same at $126. There are 21 listings who have had bids on them but the rest still have no bids, and now the total domain hack listings are showing as 149 instead of 144 so seems a few more were added in. Maybe the bidding will take off (hopefully) as it gets  more into or closer to the end of the auction.

Day 3 – My domain is still sitting at $126 but has gotten more views at 123. Now a total of 23 of the domain hacks have bids on them, out of 149 listings. Even though many haven’t even received a bid yet, the ones that have there really isn’t any movement since their initial bids. With no buy it now prices, all listings will go to the highest bidders once the the reserve prices have been hit. That may be why not much action going on as bidders are waiting near the end. No one wants to overpay, I’m guessing. Good thing though that a link to the domain hacks listings is on the home page of Sedo. Hopefully they will do a little promoting as it gets closer to the end. We’ll see if my domain will get sold and, if so, for how much!

Day 4 – Still no movement on mine (though the views have increased to 151) or any of the other listings that have bids, which are the same 23 out of 149. Maybe it’s due to the weekend and will pick up as it gets closer to the end (I hope). With the initial bid of $126 and nothing since, you have to wonder if, and when, it will pick up. Especially doesn’t look good for those that haven’t even got a bid yet, which is majority of the domain hack listings. I’m not sure what to make of it as I never had an auction on Sedo before, let alone in their special event auctions, so is definitely a learning experience. But I do think you need to do a little promoting yourself too. That’s why I have posted around about the domain listing prior to the start and during, including today in a large domain name forum.  I will continue to do this in the remaining days to get more eyeballs viewing the listing in trying to get this domain sold for a good price.

Day 5 – Okay if the stampede is coming, it better show up soon as auction ends in less than 3 days. Still same bid of $126…what a sleeper! The views though have increased to 183 so some interest must be there but it sure isn’t showing it in the bidding that’s for sure. And now the listings have increased to 152 so a few more were added in late into the auction plus 24 (from 23) have bids on them. In one of the domain forums, a few people were complaining that they are disappointed with sedo for having removed their listings prior to the start of the auction and overall in the way they handled the auction itself. Strange is the (operative) word that was used and may be the clue as to why no excitement going on with the (so little) bidding, as majority have no bids. I just hope mine hits the reserve and sells!

Day 6 – The good: Increased views to 221 The bad: No movement at $126 The ugly: Hasn’t hit reserve and only 25 of 152 listings have bids. Just concerned if it doesn’t hit reserve, how it will sell as don’t know who the bidders are so how can negotiate with them. This question was brought up in a domain forum. One member said that happened to him and Sedo negotiated a price with bidders to get it sold a week later. So hopefully if mine doesn’t hit reserve, Sedo will somehow get the sale.

Day 7 – Views were up at 254 and then went down to 33. Supposedly Sedo resets the counter at the beginning of the month, don’t know why. Shouldn’t do that when the auction is running. The amount of listings bidded on also went  up to 42. Well still no further bids on my domain and is at the last leg of the auction. Next  will be the end results which at this point isn’t looking good.

Day 8  End Of Auction Results – Yay my domain sold for $199! I was at the point in accepting that it wasn’t going to hit reserve as been stalled all through the auction at $126 with no further bidding. Then in the last 5 minutes, surprisingly, the lone bidder came back and bid it up until reserve was exactly hit. I was hoping that it could have sold for more but the domain hacks auction didn’t turn out to be popular enough as, in the end, only 52 of the 152 listings had bids and, of those, maybe 40 or so that hit their reserves were sold. The highest one got $2,050 (lucky seller!). But I am happy with the $199 (actually net is $139 as sedo’s fees were a whopping $60 on the sale)  for a domain I got in a package of 9 domains for $155, so it pretty well covered that (not counting recent renewals I paid) and I still have 8 more to sell.

232/365


Comments 2

  • $199?! Great work. I read about your domain hack on namepros. I participated too and was able to sell poodl.es myself. That was a fun auction!

    • That’s great you sold yours too. It was quite the auction! Unfortunately though many didn’t sell and others that did around $100, lost due to Sedo’s minimum commission!