I thought we were supposed to get transparency on the drops?

Hang on?

I thought we were supposed to be able to see through the windows at Drop.com.au now?

I thought bidding was going to be transparent?

Yesterday, multiple Domainers contacted us saying Drop.com.au had a new “our terms have been updated” page (which had to be accepted before making any bids), since we did this article a couple of days ago…

As you can see, it literally says, “It is strictly prohibited to disclose any prices”…. So I can’t even ring any of my business colleagues or mates and let them know what is happening on the daily domain drop auctions anymore?

Ed: Hey mate, I was walking the dog this morning and I missed the last 30 minutes of the drops. How much did Pays.com.au go for today?

Me: Sorry mate, the first rule of Drop.com.au is…

20 thoughts on “I thought we were supposed to get transparency on the drops?

  • Avatar
    April 29, 2021 at 11:20 pm
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    I had hoped that DROP might turn over a new leaf and commit to providing a fair service.
    Instead, they apparently want to continue to be the Australian domain mafia.

    Hey DROP:
    1. Stop threatening to hurt every user of the DROP service for the action of a single user (legally sharing auction results).
    2. Commit that you (and/or associated entities) will not bid on domains for yourselves (to effectively get them for free when we have to pay).
    3. Get some professional legal advice instead of making up your own unreasonable terms and conditions.

    I would rather you stopped providing the “service” altogether instead of continuing in this uncertain and unprofessional manner.

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  • Avatar
    April 30, 2021 at 6:24 am
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    Drop.com.au may be shooting itself in the foot here, as domain name brokers and IT personnel who keep an eye on the drops for clients and business associates now cannot communicate pricing apparently.

    Some corporates are so overconfident that they prefer not to bid on the drops (and assume they will be able to make an agreeable cash offer to the new owner later in the week) unless the current bid level is starting to run away.

    The ability to bid on a name on behalf of another entity using Drop.com.au implies that you can disclose to the current price to another entity that you are bidding on behalf of. However, the new policy stipulation will discourage this, meaning fewer bidders on the platform.

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  • Avatar
    April 30, 2021 at 6:49 am
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    I wonder what the ACCC will think about an Australian business forcing customers not to disclose what they pay for the domain registration service provided by the Droppers and related entities . I will find out.

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  • Avatar
    April 30, 2021 at 9:49 am
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    What happens if EVERYONE just email drop to ask for permission on 10 domains daily at different price intervals, and they’ll see how stupid it is: “Hi Drop, I’m requesting permission to disclose the current price of xxx to Bob so we can make our bidding decision”

    Speaking of drop – does anyone else have a problem with their bidding structure? Even from their perspective, those who don’t want to pay 2x the previous amount just give up, whereas if the bidding was in lower increment, they could make much more money. For example, most of their domains end up selling for $25, if allowed, most people would be bidding up to $30, $35, and even attracts more participants.

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    • Avatar
      April 30, 2021 at 10:34 am
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      I agree, the bid increments method is ridiculous.
      Under this system, if the bid is $10000 and you have a budget of $13000 (or even $18000) you can’t win the domain!!
      If you had to buy houses under this kind of auction bidding system there would be a public uprising.

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      • Avatar
        May 1, 2021 at 5:13 pm
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        Do you know how stupid this sounds?

        If you can’t afford something don’t bid. If you can’t afford a Merc don’t buy a Merc, stop sooking about your inability to do so.

        There are price points that have been created to mirror commercial reality. They would not have been set at these levels if it meant Drop.com.au was leaving money on the table (overall).

        Most of us know that any buyer who will pay $18k will pay $25k and so on. These are also unique assets, one of a kind, for which there is no substitute.

        Unless a quality .com.au domain gets to the $50k or $100k level, almost always it is sold for less than market value on the ‘drops’ (expired auctions).

        So whether the bid level is $15k or $25k or whether there is a jump between two levels that you don’t agree with, who cares?

        A good example is Luke’s company’s acquisition of Amber.com.au and sale 2 weeks later to an end user. Did Luke sook about the jump in the bid levels? No, because he knew it was worth at market value, which was substantially more. Learn from it.

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        • Avatar
          May 1, 2021 at 5:35 pm
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          Who buys a “Merc” these days? Maybe if it was still the 80s.

          The price points were created by one person out of thin air. They’re not great. They need to be changed.

          Sooking makes changes happen.

          Bring on the second drop catcher.

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          • Avatar
            May 1, 2021 at 6:03 pm
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            Pricing on a second drop catcher would be informed by bidding on Drop.com.au, thus there would be no change in outcomes.

            But yes, bring on another one. The sooner it gets going the sooner it can fail and domainers can stop fantasising.

            This is 2021 not 2014. Domainer days are over. It is developers and end users who are able to bid more on the drops.

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            • Avatar
              May 1, 2021 at 6:06 pm
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              I thought we were just in the 80s?

              And…

              Oh, I didn’t realise the upcoming second drop catcher was going to fail? That’s some insight!

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              • Avatar
                May 1, 2021 at 6:08 pm
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                You’re welcome.

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        • Avatar
          May 1, 2021 at 7:24 pm
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          You must work or involve with drop.

          Have you ever been to a real auction? Their system is NOT auctioning. They’re setting their own prices.

          By your logic, dropped domains can only be worth the values drop set increments. No domain is worth $40,000, either $30,000 or $50,000. or $75,000 or $100k. No domain is worth anything in between. You know how stupid that sounds?

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          • Avatar
            May 2, 2021 at 7:34 am
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            Auctions always have bid increments and it usually depends on what is being auctioned. Increments make sense as they reward early bidders and discourage snipe bidding.

            Self-interest prevails, ie if the new tiers were not effective then Drop wouldn’t be doing them. There have been 4-5 different drop-catching styles over the years and Anthony created all of them.

            Anthony has always welcomed feedback, but there is a way to go about giving it. I don’t have a big issue with the new tiers myself.

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            • Avatar
              May 2, 2021 at 12:26 pm
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              “Anthony has always welcomed feedback”

              My feedback: commit to DROP itself (or associated entity) not bidding in the Drop auctions. Otherwise what DROP wants DROP gets (and for free.)

              Bid increments become irrelevant if we are only bidding for domains we hope that DROP doesn’t want themselves.

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  • Avatar
    May 1, 2021 at 10:56 pm
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    [email protected]

    ATTN: Anthony Peake

    Message: Please provide 50c bidding increments for peasant domainers who have never received a 6 figure offer or achieved a 6 figure sale

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    • Avatar
      May 2, 2021 at 12:28 pm
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      Charlie, I’m sure you are a really nice person in real life and a domain legend, but here you just seem like a troll.

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      • Avatar
        May 2, 2021 at 12:59 pm
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        Did Yoko tell you to say that?

        Enough sooking. It could be a lot worse – auDA could be running the drops.

        Or a competitor to Drop.com.au could emerge who says “stuff it, I’m gonna do only $1k, $10k, $50k, $100k levels”

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        • Avatar
          May 2, 2021 at 1:02 pm
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          I can’t wait for the competitor.

          In the meantime, I will continue to use Drop.com.au(,) but I don’t like their bidding increments and I can’t be sure if they are ‘front running’ or ‘shill bidding me’. I certainly hope they’re not doing any of that.

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        • Avatar
          May 2, 2021 at 1:15 pm
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          Who here remembers Enetica’s “Domain sentry” product?

          eg. Pay a one off fee and they watch the domain and grab it for you when it becomes available

          I would like to see something like this. Could be eg. $1,000 fee per domain per year IF it was effective.

          I suppose there are many different options a new competitor could choose. They could charge a $5000 annual membership fee and exclude most of Drop’s clientele. They could pick and choose what domains to go after eg. just go after big ones and have only the $100,000 level.

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          • Avatar
            May 2, 2021 at 1:19 pm
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            Sounds like Backordering. Maybe a third player could offer this in the future?

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          • Avatar
            May 2, 2021 at 1:28 pm
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            Domain Sentry never worked for me. Backordering won’t work unless the success rate is more than 95%, and there’s no way people will pay $1000 pa. Netfleet used to charge $399.99 if I remember correctly, and I think they reduced this fee because not enough people wanted it.

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