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Domain Investing Stats and Tips

Beginners guide to Go Daddy Auctions

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Godaddyauctions

Go Daddy is the largest domain registrar in the world.  So you should get to know their auction marketplace "Go Daddy Auctions"

Go Daddy does charge a $4.99 membership each year.  You do not have to pay a membership if you are only going to use the closeouts category.

When you first go to Godaddy.com, you will see a tab for auctions. Click that tab and you are now ready for all the action.

There are many things going on in various categories.

There are expiring auctions, these are names that were registered at Go Daddy and are in a ten day auction. Starting price for the auction is $12.  You will see the number of bids, the current price, traffic, Go daddy valuation and the time left. Gda2

Take the Go Daddy valuation as just their opinion it is in no way fact, and usually on the high side by a very wide margin.

Bidding in the last two minutes of an auction adds two minutes on to the end of the auction.

You will also see other auctions that have been created by members. They will use a format of either:

1) Buy it now

2) Offer/Counter offer

3) Offer/Counter offer with a buy it now

4) 7 day auction listing

These names may or may not be registered with Go Daddy.

Closeouts

Closesouts are expiring names that got no interest during the 10 day auction. They now revert to a 5 day reverse auction.  The names start at $11 and are available to purchase at that price for 24 hours. If no one buys at $11 it moves to $10 for another 24 hours, this process continues to $9 then $8 and finally $5.  

Remember with all GoDaddy expiring auctions, you pay the registration fee for one year along with the purchase price.  So if you buy a name at closeout for $10, you will need to pay that $10 plus one year registration at $11.99.  You can use a coupon code when paying and get the price of the registration in the $7.50 to $8 range depending on the code.

Using advanced search

Gda3

Since there are so many names listed, with so many types of auctions, it will make sense to use the advanced search to hone in on what you are looking for.

If you are only interested in expiring domains, check the button for expiring so you will not see names that are listed for sale by other Go Daddy members.

If you just want closeouts because you want to know what you can buy right now, check the button for closeouts.

You can search by only the extensions you are interested in, click the extensions button then check the desired extension. 

Besides buying on Go Daddy Auctions, you can sell.  You can list your names for sale on Go Daddy Auctions.

You have four options to list your names for sale.

1) Buy it now

2) Offer/Counter offer

3) Offer/Counter offer with a buy it now

4) 7 day auction listing

Go Daddy offers you the opportunity to promote your listing through its feature listings option. Add your domain to the rotating "Feature Listings" section on their home page for a cost of $19.99. Go Daddy claims that the homepage is seen by over 1 million visitors every week! These listings appear at the top of the page.

You can target just one category for $9.99.

When you post a listing its runs for three months. Unless of course you chose the 7 day auction option.

For any domain you sell using Go Daddy Auctions there is a commission of 15% with a $5 minimum.

Make sure you understand that if you win a name, it still can be renewed.  Go Daddy automatically list it for auction on Go Daddy Auctions® 25 days after the domain name expires. However, the current registrant can reclaim the domain from redemption up to 42 days after expiration. If the current registrant renews the domain, the auction is canceled and any bids are refunded.

When you check your account it will show you when the name will be in your account, so you do have to wait a few days.  Do not start marketing the name for sale until its in your account.

Any questions feel free to leave a comment.

Comments

  2. I sold a .info for $108 on godaddy auction. The guy offer me $10 initially and I counter with $108 and he accept. It may worth a lot more but who care just sell and run with the money. It is fun and I am totally hooked now. Anyone interest in azo.co or gor.co? I own both.

  5. i own fuckester.com, right now am not sure if i should put it up for sale or make site out of it. I was thinking of lease it out anyone have a clue how lease a domain works?

    • I imagine you would retain ownership of the domain (no transfer to their register), but enter into a contract (make darn sure you have an attorney review the contract), and point the domain to their domain servers.

      • Correct you draw up an agreement that both sides can agree with. You retain ownership, while the person leasing the domain gets the nameservers changed to whatever they like.

        It is important to specify how the domain can be used, what content is allowed and what is not allowed.

  6. Is there any time delay after buying the domain? I recently bought one per auction and am still waiting for it to show up in my account even though I got billed.

  7. I have the same question as Chris, I just bought a domain name thru the auctions but can’t find it anywhere in my account

  8. I just bought a domain through auctions and I noted that it said as per the terms of service the original owner is given a period in which to renew it still. If they renew it then they will send the money back to us, otherwise if it is not renewed within one week it will be transfered to our account.
    I expect that is the delay 🙂

  9. That is the delay Dave, the owner still can pay an $80 redemption fee plus the renewal.

  11. That is not how I read it. If the original registrant has forty -two days to re-claim the domain from its expiry, less any time on auction before it is bought the buyer will have to wait the full length of time before it is in his account.
    A lot of time spent waiting when you could lose the name after all, even though you get refunded.

  12. Sounds like a total con. So basically you are telling the expiring owner that you are interested in buying the domain, and they have the option to reclaim it, and then put it up for sale.

  14. Tip: in addition to using a coupon, you can get a 12% cashback by using a fatwallet account when buying from Godaddy.

  17. I’ve never used godaddy. I have a domain name (registered via mydomains.com) that I want to sell. Can I use Godaddy Auctions for this purpose? What would it cost for me to set this up?

  18. You need to pay $4.99 a year to join GO Daddy Auctions. You can sell domains not registered at Go Daddy. You would pay 10 % commission.

    • Hi RH, If I want to put up a domain name which was registered at GoDaddy for sale in Godaddy Auctions, should I have to pay anything for that ?

  19. I’ve never used godaddy. I have a domain name (registered via mydomains.com) that I want to sell. Can I use Godaddy Auctions for this purpose? What would it cost for me to set this up?

  20. Yes Clothing you can sell it on Go Daddy Auctions. You need to pay $4.99 for a Go Daddy Auctions membership.
    Then if you sell, they get 10 % commission.

  22. Ron you have to wait a few days as technically the registrant could renew or transfer out, when you look at your auctions account you will see what day it will be in your account. Just look at the auctions you have won and it should say when it will be available in your account and then you can change the DNS and do whatever else.

  23. Hello,

    My question is that i bought one domain from godaddy.com. The price at the auction was $12 And i won that auction on this price. But when i tried to make payment they asked me to pay total $24. So why they charging extra money. I understand that there will be some fee but they charging domain price. So i have to pay double for this domain. Can anyone give me idea why i need to pay this extra amount.

    Thanks in Advance

    • Lisa you pay to win the auction, and then you have to pay for the domain registration for the new year. When you win an auction at Go Daddy 1 year of registration is not included.

      You can try using a coupon code to get the registration price down.

      cjc35newc Works

  24. Thanks for this information. I looked all over their auction site (FAQ and every search I could think of) to see what their bid increments are. I was bidding on a $12 auction, placed a $15 bid and got a bid error message – with no information on the error or what to do…

  25. I recently picked up a great number of dropped domains I am looking to sell an example of one is hyper linked in this post, though I plan to use this one for my own personal use.

    I’m trying to figure out a good solid strategy to get the most action on my auctions and this helped me a little bit. Guess I will continue looking though.

    Thanks for this post.

  26. Hi! Please can you advise me. I have domains on wix which are easy to sell on auction. But I cannot figure out if I can sell a domain I own from somewhere else? Is this possible? The challenge is if I transfer it it will take 60 day. Any thoughts? Thanks so much.

  27. I am new to godaddy auctions and I listed my domain techpert.in .
    Can you please suggest me some tips to make it sell fast.

    Thank you

  30. If I auction off a website and provide a counter offer, can someone else then make a higher bid, or if that counter offer is accepted is the auction over?

  32. I want to buy some domain with .in extension so can you help me..I have godaddy auction account but not able to find any .in domain

  33. I am getting problem in buying domain in auction…… I but some dollars and within 5 seconds i get out bid… And i see there a comment written “automatic Bid” … how to deal wih it..

  35. I have a domain, delhiexpat.com, that I am looking to sell.
    It has PR3, PA 17, DA 12.

    I was offered about $2000 at one point to sell this, but didn’t take it.

    Any ideas of how much this domain might be worth? What would be the best way of going about selling it for the highest price possible?

  36. i sold domain in godaddy with 25$ and other with 50$>>>> its the first time to sell domains in godaddy >>>can you please how can i received money but paypal not accepted on my account on godaddy >>>>thank you by advace

  37. hello
    can anybody tell me if my domain can’t be sold in auction period then what will happen ?

  38. I have a current $12 bid on an expiring domain in a Godaddy auction. Nobody else has a bid on this name so far. I may not be available in the last minutes of the auction, so if I go in now and place a bid for $100 will it automatically increase my bid to $100 at that time, or would it leave my bid at $12 and only make incremental increases if others bid on the name until the bid eventually reaches $100 as they do in some other auctions!?

  39. I sold a .info for $108 on godaddy auction. The guy offer me $10 initially and I counter with $108 and he accept. It may worth a lot more but who care just sell and run with the money. It is fun and I am totally hooked now.

  41. It’s $ 12 for $ 100 with a proxy should be. So if someone bids $ 17, they are there in their attempt of its bid will be $ 17 for the first time. So if only bidding $ 17 will have to pay more renewal.

  42. What about payment processing ?
    I mean let’s say I listed a domain and sold
    Will the buyer pay Godaddy then Godaddy pays me after his% ?
    Or the buyer pays me?
    Thank you

  43. I have been trying to figure out what the difference is between “Closeouts” and “Bargain Bin”. Is it just a part of “CLoseouts”?

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