A well known, but rarely exploited method, could save you a lot of money on GoDaddy Auctions. Many domain investors may be subconsciously passing this over, while others take advantage of it. If you’re trying to cut costs, using this method can be beneficial to you or your business.
It’s no secret in the domain industry that purchasing from a private party, whether on a forum such as NamePros or another platform, will save you money as opposed to buying on the aftermarket.
This is where GoDaddy can save you money if you are a domain investor in any niche.
While most are focusing on the expiring aftermarket, sniping them for hundreds to thousands of dollars, you should be combing through public auctions with a filter of your maximum budget for a single name.
As this is being written, there are currently 20 LLLL.com domain names for $25 and under on the public auction, while there are 2 domains on the expiring auctions above $200. Sure, it can be argued that the quality is better with the expiring names, but there are gems in the public auctions at a lower price as well. However, for the most part, there is no quality difference.
When you locate these names and successfully win with the highest bid, it’s like hitting the jackpot because the names cost you less at auction from bidding and they don’t require you to pay a renewal fee.
As many prominent domain investors preach about buying from other domain investors, I thought that I should put it to the test and see if it has changed the mindset of other speculators. Logically, it should make sense that I would profit, big.
I listed five LLLL.com domain names on GoDaddy and here are the results:
As you can see, not a single name broke even and I lost $157.57 from this lot. Some could state that the quality of these names are poor; however, I would have to say otherwise and add that I've sold plenty of %FX% pattern names on an average of $330 in private transactions.
Someone on GoDaddy got great deals, and you’re missing out by draining your wallet more if you’re not watching this section, until the attention shifts, of course.
Next time you plan on investing money, learn from the results that I've shown and save yourself the cost of spot renewal by looking all around.
Yes, this does put money in your competitors’ hands, but it also saves you money. One must ask oneself, “What is more important for my business?” instead of worrying about someone else’s.
This doesn't only apply to GoDaddy auctions: gems can be located in our very own Domain Auctions with a few months of registration remaining or even in the Bargain Bin. It’s plausible making a private offer of $120 can lead to a $10,000 sale as well.
It’s no secret in the domain industry that purchasing from a private party, whether on a forum such as NamePros or another platform, will save you money as opposed to buying on the aftermarket.
This is where GoDaddy can save you money if you are a domain investor in any niche.
While most are focusing on the expiring aftermarket, sniping them for hundreds to thousands of dollars, you should be combing through public auctions with a filter of your maximum budget for a single name.
As this is being written, there are currently 20 LLLL.com domain names for $25 and under on the public auction, while there are 2 domains on the expiring auctions above $200. Sure, it can be argued that the quality is better with the expiring names, but there are gems in the public auctions at a lower price as well. However, for the most part, there is no quality difference.
When you locate these names and successfully win with the highest bid, it’s like hitting the jackpot because the names cost you less at auction from bidding and they don’t require you to pay a renewal fee.
As many prominent domain investors preach about buying from other domain investors, I thought that I should put it to the test and see if it has changed the mindset of other speculators. Logically, it should make sense that I would profit, big.
I listed five LLLL.com domain names on GoDaddy and here are the results:
Code:
Name Paid Sold
ivyf.com $55.04 $30.00
fayj.com $108.92 $27.00
nfxo.com $27.17 $21.00
pfxu.com $33.84 $21.00
nijj.com $84.70 $70.00
______ _______
$309.67 $169.00
Less 10% ($16.90)
_______
Total $309.67 $152.10
Profit ($157.57)Someone on GoDaddy got great deals, and you’re missing out by draining your wallet more if you’re not watching this section, until the attention shifts, of course.
Next time you plan on investing money, learn from the results that I've shown and save yourself the cost of spot renewal by looking all around.
Yes, this does put money in your competitors’ hands, but it also saves you money. One must ask oneself, “What is more important for my business?” instead of worrying about someone else’s.
This doesn't only apply to GoDaddy auctions: gems can be located in our very own Domain Auctions with a few months of registration remaining or even in the Bargain Bin. It’s plausible making a private offer of $120 can lead to a $10,000 sale as well.
