Snapnames auction advice needed

Hi everybody,

It's the first time I am trying to grab dropping domain, Today I received the following email from snapnames, your experience advise in this regard is required whether I increase the bid or not.

Thanks in advance

 

Yes, you need to bid at least $99 to be included in the auction. There may be other bidders after that, but you won't be able to find that out (and certainly won't get the name) unless you agree to a minimum of $99.

 

I heard that waiting can result in lower of reserve, btw, do you have any experience with snapnames?

 

I have tons of experience with SnapNames. I've always backordered @ 60$ though, have never got that e-mail before...

 

Now, I have received this email, so should I wait ? or higher my bid?

Thanks for your feedback anyways.

 

Snapnames increased their reserve price on most of the names. I suggest you to increase the bid. I have rxed these mails many times

 

Should I increase my minimum bid to $100 or wait untill the last moment may be their reserve price decreases?

 

The reserve price is fixed. They won't reduce it AFAIK.. I suggest you to increase the bid to $99 if you really want to grab the domain by participating in the auction....The advantage is that if nobody bids on the domain, you will be able to get it at $99, which is not possible if you don't increase the bid to $99 from $60..

 

What I understand from you is if I didn't increase the bid from $60 to $99 AND I am the only bidder, still I will not win the auction, right?

or if I am the only bidder may I win the auction at $60 ?

 

Yes, What you understood is correct. You won't get the domain for $60 even if you are the only bidder as the reserve price is set to $99

 

Ok

Thanks for your advise, I will increase the bid very soon.(before the 29)

Reps given...