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How to use NameJet to catch expiring domains

Posted on April 22nd, 2008 by admin in Domain News, Domaining 101 | 2 Comments »

I have been using NameJet, SnapNames and Pool for my expired domain acquisitions and I have to admit like everyone else I have had mixed results.

SnapNames and Pool have been quite good in getting general pending-delete domain names but the thing that makes NameJet stand out is the fact that they get exclusive access to NetSol, Enom and BulkRegister expired domain names. These three being some of the oldest registrars in the business means they have some of the best expiring domain names.

Singing up to NameJet is pretty simple. You go to the create account page and enter your details. Before I hit continue I made sure I checked the three newsletter options as that gives me daily updates of the upcoming pre-release and pending delete auctions sent by email:

* Subscribe to “6 Characters and under Domains” (daily)
* Subscribe to “Most Active Backorders” (daily)
* Subscribe to “7 to 9 Characters Domains” (daily)

After you click continue you will be required to provide your credit card details as that ties in with your account. This is a precaution in case you win some domain names.

Once this is done you will receive a notification in your email that you have successfully registered. When you get that email you are ready to use NameJet.

Proceed to the login screen and enter your newly registered credentials.

Once logged in you can take a look at the Pre-Release or Pending-Delete queues to see what is on offer. You will find that the best domain names are usually at the top of the queue with a lot of bids – this normally attracts more bids – it’s an avalanche effect.

If you wish to search for expiring domains with particular keywords I recommend the search facility.

I strongly advise that you DO NOT immediately place a bid on a domain name if you find a good one in the Pre-Release queue that does not have a bid against it. Instead, you should save the search and make a note of the date when the domain is to be auctioned off.

Because of the way NameJet works, placing a bid on a domain name is equivalent to placing a big sign that says “Look at me, look at me” – it will just attract more bidders and will skyrocket the final price.

Once the auction date draws near you should make sure you place a minimum bid in order to register your interest. Because the domain name is a Pre-Release it will go into a NameJet auction and because you registered an interest by placing a bid you will be one of the participants. You can take a look at your auction queue on your account page.

If the Pre-Release domain name already has some bids against it, I recommend you do not up the price. You should simply place the minimum allowed price and wait for the auction to start.

On the other hand if you find something interesting in the Pending-Delete queue I recommend you place a minimum bid. You should also definitely make the same backorder at SnapNames and Pool because NameJet does not have exclusive access to the Pending-Delete domain names.

If the Pending-Delete domain is picked up on the drop by one of the three ( NameJet, SnapNames or Pool ), having registered your interest with a minimum bid, you will be one of the participants of the expired domain auction.

I hope you found this guide useful.

Want To Learn More About Flipping Domains For Profit: Read My Post On Domain Flipping!

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