What are Aftermarket Auctions?

Domain names in our Aftermarket Auctions are listed for sale by our clients who have elected to sell their domain names in an auction format.   This means, each domain name for sale has an end date when no more bids can be accepted.    Come close of auction, the highest bidder wins if the reserve price (where set) has been met, the sale is confirmed, and the domain name subsequently transferred to the winning bidders name.

At any one time there are multiple auctions running on Netfleet.   A central view for this is on our main Aftermarket Auctions page, where you can browse all the different auctions, and search all auction by domain name or search term.

What do all the different auctions and auction names mean?

You will notice when viewing the Aftermarket Auctions page there are many differnt auction names.   The Hot Domains auction is managed by Netfleet, and shows all domain name auctions ending soon, and other selected 'Hot Domains'.

The other auctions running are created by clients of Netfleet, and show only their domain names they have put up for auction.   It is their own, private auction, whereby our clients have created their own unqiue URL and sales page on Netfleet.   When domain names listed in our clients auctions are nearing an end, they will also appear in the Hot Domains auction.

How do I bid in one of the Aftermarket Auctions?

Once you have found a domain name or auction you wish to participate in, you need to login to Netfleet and navigate to that auction.   Follow the Join hyperlink next to each domain name, and you will be guided through a simple 1 minute set up.   This is free, however is needed to capture your business details so in the event of successfully winning an auction for a domain name, the transfer in to the your name is conducted in a speedy manner.  Once you have entered these details, you can bid on any Aftermarket Auction on Netfleet.  Please note, the starting/minimum bid for all domain names in the Aftermarket Auctions in $100 AUD.

All bids in the Aftermarket Auctions are proxy/automatic bids, except where a reserve price has not yet been met, whereby the bid will be fixed.  Proxy/automatic bidding (common in many online auctions such as eBay) means you enter the maximum you are prepared to pay for a domain name, and the system will automatically bid up on your behalf, only ever $1 more than the next highest offer.  Fixed bids (where the reserve has not been met), will enter the exact bid amount as your only bid.

What is the Buy Now button?

Sellers can elect to add a Buy Now option on their domain names.   It is an option for buyers to buy the domain name immedaitely at the price shown on the button, closing the auction for that domain, fast tracking the domain sale.   Clicking the Buy Now option is irreversible, and cannot be undone.

If a seller submits a proxy/automatic bid equal to, or above the Buy Now price, the auction will close for that domain domain name, and it will be marked as sold to the bidder for the Buy Now price listed.

When do auctions close?

Each seller specifies the end date for their domain name auctions, however all domain name auctions will end at 2:30pm AEDT (Sydney) on that day.  Furthermore, any bids that are received on a domain name in the final 5 minutes from the close time, will extend the end time by 5 minutes.   Extended bidding will continue until no more higher bids are placed in the final 5 minutes.

What happens at the end of the auction?

Any domain names that have sold in the Aftermarket Auctions will then proceed in to the Netfleet Assisted Sales process.   Domain names that do not sell will be turned in.

How do I sell domain names in the Aftermarket Auctions?

To sell domain names in the Aftermarket Auctions simply login to the Members Area, and navigate to the Add Domains section.   From there, you will see two options, one for adding to the Aftermarket Auctions, and the other for listing domains for sale as Standard Listings.

Upon choosing to add domains to the Aftermarket Auction, you will guided through the process, promoting you for your bank details (to receive funds from a successful sale), your unique Aftermarket Auction URL (the unqiue web address where your domain names will be listed for sale on Netfleet), and your domain name(s) you wish to sell, the length of time your auction will run, and your reserve price (if any).   Once added, you must confirm ownership and validate the email that get's sent to the address listed for that domain name in the Australian domain name registry.   Once validated, you must then proceed to pay any fee's before the domain names appear in auction.

Check out a breakdown of the steps needed to list a domain name, in our Step by Step Guide to Listing Domain Names - Aftermarket Auctions.

How much does it cost to sell in the Aftermarket Auctions?

Until the end of 2011 we are running a special, where listing domains in the Aftermarket Auctions is free! Usually $5 per domain, we have removed this fee to celebrate the relaunch of the platform.   Please note however, there is still a fee if you set a reserve, which is a 4% fee of the reserve set (and will be refunded if the domain name sells), capped at a maximum of $100.  For example, setting a reserve fee of $300 would amount to a total payable of $12 ($0 listing fee + $12 reserve fee (4% of $300)).   Of course, with no reserve fee set (which we strongly encourage), you have nothing to pay.

What is the commission if my domain name sells?

We charge a small 8% commission of the final sale price.   This is one of the lowest commissions in any domain name aftermarket.    This commission also covers the end to end sales process, including Netfleet Assisted Sales.

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