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The Lowdown



Feb. 13, 2009 Post

Here's the The Lowdown from DNJournal.com! Updated daily to fill you in on the latest buzz going around the domain name industry!

Compiled by Ron Jackson
(DN Journal Editor/Publisher)
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Bido.com is set to make a comeback next week. The one-name-a-day auction platform debuted early last year but went dark after some technical snafus interrupted auctions in

progress. In an email the company sent out today they said "We will be making a splash again on February 16th when we load all the upcoming auctions into the system, with the first auction being on February 19th."

The letter told potential sellers, "If you have a premium domain (or several) that you would like to auction with us, please submit them here. The best time to setup your auction with us is

 

now, prior to our relaunch. The earlier your domain is chosen for auction, the quicker we can complete the contract, escrow, and listing process with you... if they are chosen for auction, we will be in touch with you." 

While Bido is ramping back up, another player in the auction game, Aftermarket.com, is getting ready for their live auction a week from tomorrow (Saturday, Feb. 21) at the Domainer Mardi Gras conference in New Orleans. Aftermarket.com just gave people interested in bidding in that event a major incentive by announcing a six-month 0% interest payment plan for domains purchased for $5,000 or more. 

The financing terms require a 30% down payment at the conclusion of the auction with the balance paid off in five equal monthly payments. Payments are non-refundable and if the buyer fails to make all payments, those that have been made will go to to seller. Aftermarket.com will hold the domain until the last payment is made then transfer it to the buyer, however during the finance period the DNS will be pointed to the nameservers selected by the buyer so they can immediately begin monetizing the domain. Sellers have the option of excluding their domain from the financing program but given how much it could increase the potential pool of buyers most are expected to utilize the option.

Incidently, Aftermarket.com plans to release their final auction catalog for the Domainer Mardi Gras sale on Monday (Feb. 16).

One other note before we head into the weekend, giant registrar eNom.com and CentralNic.com have announced a new partnership arrangement meant to grow the use of CentralNic domain extensions and enhance CentralNic's reseller channel. 

CentralNic owns some of the world's best geocentric 2-letter .com domains (US.com, UK.com and EU.com to name just a few). They have leveraged those by making sub-domain registrations available to the public, names like Cars.us.com for instance. 

In order to increase CentralNic domain registrations and generate greater awareness among their resellers, eNom is offering their resellers the lowest wholesale prices ever for CentralNic domains and making one-year registrations available for the first time (replacing the previous two-year default).
(Posted Feb. 13, 2009)


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