Moniker's Traffic Auction Spam?

[Johnn]

From what I understand, if it shows bid(s) with the minimum bid amount, it means there are bids but did not meet the reserve. "Low ball bids".

 

[BELLC1]

After reading yet another bashing of our process and procedures.....which are now ironically the standards in our industry....

Why do suppose there is "yet another bashing" to begin with? Could it be because there really are problems with the process and procedures that have been brought up over and over and over again for years with no action?

Nope, no one forced me to submit names. "Fool me once" and I should have learned but I was fooled four times. I guess I just kept the hope that things would really get better. I guess that makes me a fool.

If you want to slap $100 fee on to the sales for domains that aren't at Moniker, that is your perogative. If all the other stuff you said is true, it wouldn't matter who the registrar was. That's just business. You set your prices. I'm cool with that. The customer simply pays more because we have to pass it on by raising our price.

The list repeats itself over and over:

Why buyers aren't made to settle their auction purchases by the end of the day like any real auction house, instead being given a month or more to pay.

Why it takes 4-6 weeks to get paid on a domain that SEDO and others settle and transfer in days. (NetSol on their worst day was never this slow even back in the early-90's when they took 30 days for everything).

Why nothing is ever published as to the criteria the "Selection Committee" uses.

Why we can't see current bids in Silent.

Why we can't submit only for Live.

Why the previous bids are not cleared before this auction starts so we don't have a false idea of actual bidders?

Why we can't lower reserves on the fly.

Why ... well, you get the idea. If you want me to complain, I can find a bunch but that would be counterproductive.

If these are the new industry standards, this is a serious regression and I would encourage you to take another look at the Oversee/Snapnames/Moniker shop. The fact is, you either don't want to listen and/or you don't care enough to make the changes your Sellers, who are also your customers, expect.

 

[Onward]

After reading yet another bashing of our process and procedures.....which are now ironically the standards in our industry, i felt compelled to respond to the above again.

First of all, no one is forced to submit their domains to our auctions. It boggles my mind all the negativity in this thread about submitting your domains then being disappointed when your domains are not chose or only chosen for the extended auction....which by the way now has more eyeballs through our SnapNames system than all other aftermarkets combined.

Of course we have exclusivity clauses to protect double listings of names during auction times, of course we have erroneous submission fees if there is a mistake made or a pull out when names are in process of being accepted and evaluated. Of course everyone feels their names are better than the ones chosen on the live list all the time, of course you all want equal opportunity to buy and sell names in a true market where values are matched with supply and demand. I hear you...and have been hearing you for years.

Our process and procedures are actually there for your protection and protection of the the other parties involved in the transactions.

the reason there is a fee for not moving your domains over when you are notified of acceptance in auction is because we have done what you all complained about in the past - verifying ownership, ensuring safe and secure change of ownership, quicker transactions and payments after auctions, etc. Having your names all over the place and submitting names that were really not your own or you used to own but forgot to remove, or misspells, creates huge problems in the process. it creates expense and inefficiencies and it puts the reputation of our industry in jeopardy when it is not handled professionally.

Hopefully yesterday's results have now put some of you at ease....our hard work and diligence gave life to a very questionable time in our space. Selling $3M of domains in NY at these times was not an easy task.....probably the hardest auction we have had to date. Now a positive statement was made and again all of you have benefited from our efforts whether you participated in the auction and even if you did not submit one name for it.

We had more than 100K submissions for this event and selected good names at good prices. its never perfect, it will never make everyone happy, however, I can tell you first hand from the 350 people here at TRAFFIC, what occurred yesterday was a sign of some stability and financial security.

no one is forced to submit names. We continue to make improvements and add products and services that address our customers needs for those who feel their domains are assets. We will continue to do this for all of you regardless of whether you use Moniker or not.

Thanks to those that do support our process and recognize that there are challenges and opportunities when you create a new market as we did with live domain auctions. We are market makers and will continue to make this market for all you.

The live auction is the best. It is the place to sell top domain names. Period. I have no problem moving my names before the auction (if accepted to live auction)....and have no problem with associated business fees which all make sense to me. Additionally, there is not much of a question in my mind that Moniker has paved the road here and is the market maker.

That was never even a question for me....that is why I submitted 3 of my names I had for sale...for the live auction.

IMO the silent auction is a different story...This is not the place you want your top names at stupid low reserve prices (which is what we have been asked to drop our reserves to in hopes to get in the live auction)....your name will certainly sell there....at the reserve price with little competition IMO.

My main concern with the process is that we are asked to lower reserves with the hope that they will make "the final cut" for the live auction...I never should have taken the suggestion to drop the reserves and that is on me....I was really sour when I found that my reserves were dropped but the names still not in the live auction....I would have had zero problem if I could have kept my original reserve I set - if the names only made the extended auction. I will have learned a lesson from this experience.

The live auction is really the only auction I am interested in for the quality & pricing of names I am submitting...I would have really appreciated a way that I could have turned down the acceptance for the extended auction or at least keep my original reserve...

 

[fischermx]

I think it is just a matter of having a better system in place. Specially for handling all the BELLC1 "whys".
Instead of a tiny web form to submit the names which I could swear are simply received in an email, and then copy-pasted somewhere else when accepted, they should have a platform where you select your names and keep a track of everything, including whether they are accepted or not, or if they are accepted to the live or the extended auction, in that same platform you should have a button to "reject" to be in the extended auction if you don't want to. All of these without calls or emails.
Well, that just one example. All of these issues would have a solution with a nice system.

 

[BELLC1]

All of these issues would have a solution with a nice system.

Exactly. If Silent/Extended does not go away, then it should be continued under the old Moniker system rather than the present Snapnames format until all the difficulties are addressed. The old system had flaws, but the interface was certainly more user-friendly and would be a good starting point for an overhaul. Snapnames wasn't designed and simply isn't equipped to handle the Extended events cleanly, that is, in a manner that is easily operable by newbie buyers and sellers alike.

I know it's all under one roof now that Moniker merged into Oversee, but clearly the programmers/developers need to have their work reviewed by a fresh set of eyes and a new platform. The way it is now, well, it just isn't working and has left a bad taste for many of us.

 

[chois]

Come on guys.

Monte's message is simple. Shut up and take it or leave it.

He is right. No one is forced to submit domains to his auctions.

:crazy: