For those not familiar with Go Daddy auctions, when an expiring name gets no bid at its starting price of $12 it moves to what is called “Closeouts.” Now you do not have to even have a membership to Go Daddy Auctions to participate in closeout auctions.
The names start at $11, you have 24 hours to buy it now at that price. The price then goes to $10 if no one bought it at $11, again for 24 hours, then $9 for another 24 hours and then $5 for another 24 hours and finally $1 for 24 hours.
Earlier today after spending hours there I had come across many at $1. It looks like now the lowest price is $5 with no price decline to $5.
When I logged into my account it looked like Go Daddy was going to show me a message but there was an error and the page did not load.
An email would have been nice. So for those who waited and looked for $1 closeouts, they are now only going as low as $5.
The order being $11,$10,$9,$8 (new),$5
Thanks for the info. I usually waited for it to get to $1.
well, most of the 1$ closeouts were crap
Ray,
This is excellent information.
I use GoDaddy Auctions maybe once or twice a year, so I always need a nice update on how things are working over there, espeially when changes are made often in this Biz.
One thing you were explaining to me earlier that was very important, and that I never knew was that in between price-drops there may have been a delay of some sorts…where it looked like the domain was no longer available, then bam, it popped up again.
Informative posts like these are invaluable to us as Domainers.
Keep up the great work on the blog.
later,
Vito
I’ve gotten a couple decent ones at $1 & $5 but if it’s worth $9 it’s worth $12. Hell, you figure it out 🙂
@Chandigarh most true,but I did pick up a few at $1 that are good.
@Vito Thank you
@james I wait for $1 a lot too.
@Tom that is true, its the nature of trying to just get a better deal. Of course for everyone new you do pay the renewal plus $10 or $9 etc…