Oliver Hoger has been one of the people at the heart of the discussion on Namepros with regards to NameJet bidding. Oliver posted today and gave his side of the story.
It’s an important read because it let a lot of those with less auction experience see how the big volume domainers use NameJet.
I would say start reading the replies to Oliver as well, they start here.
Sorry for delay i was traveling and cannot believe what has been said.
Everyone let me explain:
I have a automated bidding system that would backorder ALL the domains and bid last minute to grab bargains.
Its a script works via api would bid on all CVCV up to $2500-3000 i set daily limit on the patterns i would want to buy.
On slow days i got good deals on short domains i trade in
LLLL.com / CVCV.com / LL.com / LLL.com / NNNN.com / NNNNN.com / CCC.com etc…
I won allot of domains and a few of mine so this got closed down months ago already due to this..
Im trying to fix to be able to exclude all my domains.
Bids that hit reserve:
We do allot of next bid wins. Most of you don’t know how this works.
My auctions have a reserve price. On the last day of the auction or in the last few hours
I see what the high bids are and then send namejet a list of domains ask to to set next bid wins.
So it is not that someone is bidding just under reserve.
I am lowering the reserve to just above the highest bid so that the next bid hits reserve and the domain will sell.
Just lowering reserve. Flippa has this same function built into their seller platform. You can reduce reserve any time.
Buyers are bidding the amount that they are willing to bid. I am not changing that.
I just lower reserve with next bid wins so that more domains sell.
I have done business with them for many years on the buyer’s side, seller’s side and as a broker.
I know HDKN and he is a big buyer of short domains, which is what I sell. I am not HDKN. I do not have access to HDKN account.
I sent him (and others) my featured listings.
All his bids and purchases are legitimate.
It has happened that I have bought some domains back from him in the past when I felt the prices were too low.
I’m sorry that I have caused so much problems and confusion. I never intended to do anything that would harm anyone.