Recently, an ingenious auction was set up at www.MysteryDomainAuction.com   promoting the sale of one valuable 'Mystery Domain Name' by auction in just one cent increments. The auction is set up as an "All Pay Auction" where participants actually pay the amount of their bid in the hopes they will be the high bidder in the end, which in this case is 100 days or when the domain has generated $1,000,000 in accrued bids or a  winning bid of just $147 !

The creator of this particular auction has also added a valuable kicker so that when you make your bid you are allowed to also add your company's website link, that in the course of the auction may be seen or used by thousands or even millions of visitors. Quite a cheap way to potentially generate some targeted traffic for your business.

We see this model as a way for many online businesses to develop traffic to their main site and to also build targeted opt-in databases to further market to. For instance an online coin shop could offer a one ounce Buffalo Gold Coin in the same manner as the domain auction and end up selling it for only a couple dollars but potentially generating  thousands in total revenue  and hundreds or thousands of opt-in prospects.

AllPayAuctionScript.com has jumped into develop or locate a clone script to emulate this same auction model as  www.MysterydomainAuction.com  . We strive to have this done within the week to help you make more money in 2009.

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