TemTer.com – A New Domain Auction Service Focused on No Reserve Auctions

I found-out about a new site last week that has recently launched in the Domain Auction market. The company is called TemTer and they are putting a strong focus on No Reserve auctions. For those who know the auction space, eliminating the reserve price often provides for much greater liquidity. The best way to get liquidity by far is $1 No Reserve auctions and TemTer will be featuring at least one $1 No Reserve auction every single day.

temter_mainsiteTo learn more about the site and the goals they have I decided to setup a phone call with the creator himself. We spoke on the phone last night and he had some really interesting things to say about the service and what they plan to do. The idea is simple – there are tons of Domainers now looking for liquidity and plenty of places to try to sell names for big bucks…but what about those Domainers just looking to make a profit, flip a name for 2x or 3x what they paid for it rather than waiting to get 200x. Enter Temter.com.

I think the concept here is really good and it’s important to understand that this isn’t the end-all solution for everyone. I do get a ton of emails from people who read my blog though who registered names or picked-up names off of a drop for $12-$20 and would be more than happy to flip them for 2x what they paid. TemTerm.com really is the perfect place to do this because No Reserve auctions, especially those starting at only $1 really can see some nice action and yield a great price for the buyer and good liquidity for the seller.

Along with offering No Reserve auctions and daily No Reserve auctions starting at $1, TemTer also does something that I really like – no commission. You simply pay a listing fee to get your name on the service and then if the name sells for hundreds more than you thought, you get the money. I honestly feel this is the most fair way to work with Domainers especially when you are talking about an auction format.

In my phone call with the creator of the site he said that they will not just be auctioning off stand-alone domains but also some domains with websites and rankings, starting with a $1 bid. This could be a great opportunity for Domainers looking to get a head-start in the search engines to get both a domain and website for a really low price. For Domain Investors that are good at contacting end-users or have buyers that they regularly sell to there could be some really good deals on TemTer offering excellent flip potential.

It is easy to register for TemTer and since they are just starting-out I am going to be watching them closely and probably getting in on some of the $1 domain auctions they run. No reserve auctions are pretty exciting because you never know what the name will sell for! Whether you’re a buyer or a seller I think this is a service to watch, it’s a no frills marketplace and I honestly think there will be some great deals on here and some excellent ways to get liquidity for lower-priced names that you want to sell for a quick profit. Stay-tuned, I’ll definitely be talking about this more as things develop, looking forward to picking-up some great names with their $1 daily No Reserve auctions – hope to see you on there!

{ 13 comments… add one }

  • Jon June 21, 2011, 11:24 am

    How’s this any different from other auction sites like Boxcar or Bido?. Sure, there are differences in listing formats, commission fees, and other fees and services, but what sets this new auction site out from the others?.

    The 1st few auctions I’ve seen on here, the starting bid is over $1,000, sure it’s no reserve but I wouldn’t even pay reg fee for some of the domains listed for $1,000 + auction start …

    Reply
    • Morgan June 21, 2011, 11:27 am

      Hi @Jon – the site just launched so I don’t think they’ve had a chance to put-up any of the $1 No Reserve auctions. That what really I think will make it unique since other sites don’t put as much focus on $1 No Reserve. I’m planning on getting in on these esp. since the site creator told me they would be including developed sites as well.

      At the end of the day their goal is to provide liquidity for sellers and a lower price for buyers. If the quality of the names is good I think it will be a success…at the end of the day this is what matters.

      Reply
  • TeenDomainer June 21, 2011, 11:57 am

    It will be a site to watch, I even have a name I will do a $1 no reserve with that is developed.

    Reply
  • Elliot June 21, 2011, 12:32 pm

    Who operates the site and how are they going to prevent it from becoming an auction site with a bunch of garbage domain names that people have no interest in sifting through?

    Reply
    • Morgan June 21, 2011, 12:46 pm

      Hi @Elliot – good question! It is operated by a guy named Jay. He and his staff will be reviewing each name individually to help ensure quality. They aren’t going to let everyone in the universe post their names so will get some level of quality control going.

      Reply
  • Elliot June 21, 2011, 12:51 pm

    Does Jay have a last name?

    Reply
    • Morgan June 21, 2011, 12:52 pm

      @Elliot, not sure he wants me to post his first and last name but I’m happy to ask him!

      Reply
  • Jason June 21, 2011, 3:44 pm

    @ Jon:
    We aren’t boxcar or Bido. We will be focusing on NO RESERVE domains as the primary focus of the marketplace. ie. We hope to allow domainers to quickly swap, buy and sell domains. On the front page of TemTer there is a link for NO RESERVE. This will list all the NO RESERVE domains, new ones are added every day. Anything in the NO RESERVE category starts at $1. We will use your feedback to make it easier for users to find these domains. Thanks.

    @Morgan, Thanks!

    @TeenDomainer/Brian: send me a message, I’ll have it featured.

    @Elliot: Surely some low-quality domains will slip through. We will keep an eye on this but don’t see it as a real probably as the focus is on $1 No Reserve auctions of 10 days or less. If no one’s bidding them there’s not going to be a market for them.

    Cheers
    Jay

    Reply
  • Jason June 21, 2011, 5:13 pm

    @Jon,

    We have taken your feedback. The no reserve auctions are listed on the front page now. Thanks.

    Jason

    Reply
    • Morgan June 21, 2011, 6:19 pm

      @Elliot – I spoke to Jason and he said it is okay to release his full name. His full name is – Jason Stewart

      Reply
  • Samit Madan June 22, 2011, 12:40 pm

    The issue with a new site and $1 no reserve auctions is that instead of closing for 2x – 3x of reg fee or even $30, most auctions might close for $1 or close.

    That was the same problem that was faced by dnko and to some extent by bido when they started, why bido raised min. price to $38.

    Do they offer escrow? Or are payments handled ebay style?

    Reply
  • Jason June 23, 2011, 7:09 pm

    Hi Samit,

    You are correct there is a risk that auctions end for $1. That’s the whole point though, to provide true liquidity. The flip side of the coin is there are a lot of great names available for potentially only $1.

    Escrow is an option and is up to the seller/buyer.

    Reply
  • Samit Madan June 24, 2011, 12:38 am

    Jason, do you collect payments from buyers, like bido does? Or does the buyer pay the seller like at ebay?

    That’s what I meant by ‘escrow’. I know escrow is an option for domains over $500, it’s those under that usually have security issues, specially on a new platform.

    Good Luck with your site, cheers!

    Reply

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