What Are Domain Name Auctions?
Domain Name
The domain name or your website’s name is your first contact with the potential visitor. Obviously a visitor can decide whether to visit the site based on the domain name’s importance and relevance to the search criteria. Therefore, a company or an individual either needs to choose a new name at the time of domain registration or buy an already existing and registered name.
There are many advantages for buying the existing domain name
Better Page Rank
More Traffic
High expected value of the name
Then, you have two options either to search the for sale websites or choose domain auctions. There are many websites such as eBay which allows individuals and companies to buy and sell the domain name by way of bidding. However, one must be cautious about the scams that have stormed the Australian domain name registration markets these days. Many people have used illegal means such as cyber squatting to sellthe domain names. But, auctions through some registered and valid auction sites in Australia can prove beneficial and get quick results instead of new domain name registration.
Usually domain names come for auction when their term is expired and the grace and redemption period allocated to the existing owner expires. Usually many existing owners try to renew the domain registrationprocess at the time of grace period or redemption period. But after redemption period this name is available for aftermarket sale or auction sale.
- Let us first understand how auction works. The auction depends on bidding process. Most of the websites allow for open bidding which means one can place bids on any domain available. If the time of bidding expires, then the bidding process is extended. Following tips will help you win the bid and get the desired name and go for domain registration.
- One should always enter the maximum amount for the best name which is relevant to the business. The chances of success increases with the higher amount.
- When another bidder has placed a higher bid for the same name, then you should try to outbid the competitor.
- However, if there is no bidder against you, then you might get your chosen domain at much lower price.
Auction process is simple and far more effective than the domain name registration, because here the tried and tested names are easily available and that too at a very low budget. Even though, the sale of domains is surging in Australia, it is advisable to check the reliable forums and find out whether the domain is valid and does not involve any legal hassles in the past.
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