Have you experienced Pool's new 2-phase auction? IT SUCKS! - GoFuckYourself.com

SomeCreep · 08-23-2004, 03:29 PM

Wow, I'm surprised at how much their new bidding system sucks. Basically, now their auctions have "2 phases". During phase 1, they capture the name and you make a sealed bid. You cant see what the current highest bid on the name is anymore, and you cant see what anyone else has bid. This phase 1 auction lasts for 3 days. Assuming your bid is within 20% of the highest bid, you then move on to phase 2 and have a day long auction with the highest bidders.

Laaaaaaame! Basically, people will now be overbidding like crazy, paying $5000 for a domain when the previous highest bidder was maybe only $200 (hence in the old auction system, the highest bidder would've acquired the domain for $210).

Comments and opinions?

EviLGuY · 08-23-2004, 03:57 PM

Sounds like they are trying to squeeze every last cent out of the domains.

Smart business really.. why let a domain go for 210 when they can get 5k this way?

Not so good for the people looking to snap them up and flip em for a quick buck, but I am sure pool.com will cry for them on the way to the bank.

stocktrader23 · 08-23-2004, 03:58 PM

Quote:

Originally posted by EviLGuY
Sounds like they are trying to squeeze every last cent out of the domains.

Smart business really.. why let a domain go for 210 when they can get 5k this way?

Not so good for the people looking to snap them up and flip em for a quick buck, but I am sure pool.com will cry for them on the way to the bank.

Summed up perfectly. It's business.

SomeCreep · 08-23-2004, 04:12 PM

Quote:

Originally posted by stocktrader23
Summed up perfectly. It's business.

You two are forgetting an important business ideal that gets overlooked far too often these days. If you want a business to be successful, you need to make your customers happy.

Customers will definitely not be happy over paying for domains using this new system.

Nasty · 08-23-2004, 04:25 PM

Quote:

Originally posted by EviLGuY

Smart business really

Too early to tell if it smart business or not, its sort of like saying lightspeed doubling their monthly membership fee is smart business, it the short run more money in the long run loss of members.

Sure, some member will pony up to see Tawny but how many?

Seems to me this type of greed generally results in less market share and on the web market share means a lot.

Just my opinion but my guess is that the new system wont benefit their company in the long run

SomeCreep · 08-23-2004, 05:23 PM

Lol, business related threads sink fast as hell on this board. I know, how about a picture of a girl with big tits to spice things up a bit!

cherrylula · 08-23-2004, 05:27 PM

Well I am glad I scored some good domains before they did that. But they will definitely make more money that way.

Domain sales are all about how bad someone wants the name, and how much they will pay for it.

stocktrader23 · 08-23-2004, 05:28 PM

Quote:

Originally posted by Nasty
Too early to tell if it smart business or not, its sort of like saying lightspeed doubling their monthly membership fee is smart business, it the short run more money in the long run loss of members.

Sure, some member will pony up to see Tawny but how many?

Seems to me this type of greed generally results in less market share and on the web market share means a lot.

Just my opinion but my guess is that the new system wont benefit their company in the long run

Pool is not lightspeed. Domain buyers have accounts everywhere and the company that snags the domains is going to make the money. As long as pool keeps grabbing a ton of the good names they will make more this way.

Dagwolf · 08-23-2004, 05:31 PM

I'm addicted to domain shopping...

fr8 · 08-23-2004, 06:43 PM

Knowing that why would someone even use pool.com. Hell im not even going to go back knowing this.

EviLGuY · 08-23-2004, 07:03 PM

Quote:

Originally posted by fr8
Knowing that why would someone even use pool.com. Hell im not even going to go back knowing this.

This only involves auctions for 1.. how about all the domains people grab that have no competition for $60?

sixone · 08-23-2004, 07:05 PM

Quote:

Originally posted by SomeCreep
Lol, business related threads sink fast as hell on this board. I know, how about a picture of a girl with big tits to spice things up a bit!

I found a website that allows me to look up domain name availability over my Blackberry

Illicit · 08-23-2004, 07:07 PM

it sucks... I got 2 in the blind bidding phase, and now that i think about it I bid too much for one of them

sucks that they consistantly get all the good names

SteveLightspeed · 08-23-2004, 08:26 PM

Quote:

Originally posted by Nasty
Too early to tell if it smart business or not, its sort of like saying lightspeed doubling their monthly membership fee is smart business, it the short run more money in the long run loss of members.

When did we "double our monthly membership fee?"

if anything, we just LOWERED prices

08-23-2004, 03:29 PM	#1
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	Have you experienced Pool's new 2-phase auction? IT SUCKS! Wow, I'm surprised at how much their new bidding system sucks. Basically, now their auctions have "2 phases". During phase 1, they capture the name and you make a sealed bid. You cant see what the current highest bid on the name is anymore, and you cant see what anyone else has bid. This phase 1 auction lasts for 3 days. Assuming your bid is within 20% of the highest bid, you then move on to phase 2 and have a day long auction with the highest bidders. Laaaaaaame! Basically, people will now be overbidding like crazy, paying $5000 for a domain when the previous highest bidder was maybe only $200 (hence in the old auction system, the highest bidder would've acquired the domain for $210). Comments and opinions? __________________ Webair Hosting I use and recommend Webair for hosting.

08-23-2004, 05:23 PM	#6
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	Lol, business related threads sink fast as hell on this board. I know, how about a picture of a girl with big tits to spice things up a bit! __________________ Webair Hosting I use and recommend Webair for hosting.

08-23-2004, 05:31 PM	#9
Dagwolf President of Canada Join Date: Sep 2003 Location: Leaving Hell, Entering Limbo Posts: 23,141	I'm addicted to domain shopping... __________________ Sleep well, and dream of large women.

08-23-2004, 06:43 PM	#10
fr8 Confirmed User Industry Role: Join Date: Mar 2003 Posts: 5,074	Knowing that why would someone even use pool.com. Hell im not even going to go back knowing this. __________________ █ joesmut (a) gmail Dot com █ Full Stack Developer

08-23-2004, 07:07 PM	#13
Illicit wtf ? Join Date: Dec 2003 Location: GFY Posts: 11,895	it sucks... I got 2 in the blind bidding phase, and now that i think about it I bid too much for one of them sucks that they consistantly get all the good names __________________ Insert Sig Here

08-23-2004, 03:57 PM	#2
EviLGuY So Fucking Banned Join Date: Apr 2003 Location: malta Posts: 12,745	Sounds like they are trying to squeeze every last cent out of the domains. Smart business really.. why let a domain go for 210 when they can get 5k this way? Not so good for the people looking to snap them up and flip em for a quick buck, but I am sure pool.com will cry for them on the way to the bank.

08-23-2004, 05:27 PM	#7
cherrylula lol Industry Role: Join Date: Jan 2002 Posts: 15,969	Well I am glad I scored some good domains before they did that. But they will definitely make more money that way. Domain sales are all about how bad someone wants the name, and how much they will pay for it.