Threewords.me is up for private auction

This would probably help to increase the bid amount. Otherwise you're going to have a lot of people bidding the same things, or lower than the current highest bid. This will include a lot more email correspondence than required. Although, that might be better because it allows you to arbitrarily inflate the "current bid" on a per-bidder basis. So you can kind of inflate the bid behind the scenes too.

Re: Threewords.me is up for private auction

#7

Post by jpwagner » Mon, Jan 17, 2011, 7:55 PM UTC

sahillavingia wrote: post #5

Making the bids public would definitely be a good idea (one person bids x, person 2 bids x+500, etc).

While this would be a great idea for a car or vase, he probably wants the "winner" to be someone he talks to first rather than the highest bidder...

Re: Threewords.me is up for private auction

#8

Post by mcknz » Mon, Jan 17, 2011, 8:01 PM UTC

sahillavingia wrote: post #5

Making the bids public would definitely be a good idea (one person bids x, person 2 bids x+500, etc).

Sometimes the market works against you -- if the public bids stall out at a certain level, then one big buyer knows exactly what to pay. Private bid makes buyers guess against an idealized competitor.

Re: Threewords.me is up for private auction

#9

Post by jacquesm » Mon, Jan 17, 2011, 8:17 PM UTC

Very smart move this, rather than to figure out how to monetize it monetize it by selling it while the growth curve is still exponential.

Also, looking at alexa it seems as though the period of hyper fast growth is already a bit past:

http://www.alexa.com/siteinfo/threewords.me

Still, it should fetch a pretty penny and to the right party it might be worth quite a lot of money.

Re: Threewords.me is up for private auction

#10

Post by andrewcamel » Mon, Jan 17, 2011, 8:17 PM UTC

Knowing the rate of page views would be good as well; having total page views is a bit misleading.