advice GoDaddy Auctions Question

[Avabelle]

I'm looking for some advice regarding Godaddy auctions - for lower value domain names.

What are the most successful ways to list a name on GD? (from your experience)

Which listing types have you had the most success with and which category types are most popular?

I am looking to sell some of my lower value domains for XXX - to reduce my portfolio.

What is the best way to do this?

Thanks!

 

[Name Trader]

You could try a 7 day auction with a $1 start. Buy a premium listing. You do realize that your domains won't sell unless they appeal to somebody.

 

[Avabelle]

Yes, I know. I figured I should try to auction them off before deleting them.

 

[cocaseco]

You do realize that your domains won't sell unless they appeal to somebody.

Brilliant! lol

 

[TargetNames]

1. I have found that premium listings are good because substantially more people see your domain. This works as a voting mechanism because if your domain is good enough, it will start to receive offers. Set a minimum offer and, if you so choose, a buy it now price. I usually don't use buy it now on Godaddy. When you receive offers you can convert the offer to a 7-day auction with no further charge other than Godaddy's standard commission rates. Remember that once you go this route you are obligated to sell the domain to the highest bidder.

2. Start a 7-day public auction and advertise on sites like this, business contacts and social media. Set a reserve price to protect your investment. Cost is minimal. I do this when I have "commodity" domains (domains that I know will be bid to the reserve). The drawback is that you have much fewer "eyeballs" this way and most domainers are lazy- they just do an expired auction search and don't check the box for public auctions, missing on good deals (my best purchases have been at public auctions- less competition!).

 

[silentg]

You can't start auction with $1 bid at GoDaddy. Minimum is at $20 now.
You can list the domain on GoDaddy and advertise on Namebio.com / Domainshane.com for $10 per day.

 

[Avabelle]

1. I have found that premium listings are good because substantially more people see your domain. This works as a voting mechanism because if your domain is good enough, it will start to receive offers. Set a minimum offer and, if you so choose, a buy it now price. I usually don't use buy it now on Godaddy. When you receive offers you can convert the offer to a 7-day auction with no further charge other than Godaddy's standard commission rates. Remember that once you go this route you are obligated to sell the domain to the highest bidder.

2. Start a 7-day public auction and advertise on sites like this, business contacts and social media. Set a reserve price to protect your investment. Cost is minimal. I do this when I have "commodity" domains (domains that I know will be bid to the reserve). The drawback is that you have much fewer "eyeballs" this way and most domainers are lazy- they just do an expired auction search and don't check the box for public auctions, missing on good deals (my best purchases have been at public auctions- less competition!).

Thanks for the advice. How much does GD charge for a premium listing? Or does GD just take a higher percentage of the sale?

 

[TargetNames]

Thanks for the advice. How much does GD charge for a premium listing? Or does GD just take a higher percentage of the sale?

Go to the auction home homepage. On the left side, under "All Products", you will see a "pricing" link under the auctions heading. This will give you a good overview. Also, don't hesitate to call them and ask them questions. They are paid to assist you and are usually very helpful. I do this frequently and if you get someone who is particularly knowledgeable about auctions, they can tell you best categories to use, sales trends, etc. One more thing. They have a feature where you can place your domain on their rotating "feature listings" on the auction homepage for $19.98 for 90 days. Those are the domains in bold. I have received more offers from this feature than any other method. If the domain is good, you will receive offers from your feature listing.

 

[Name Trader]

Yes, I know. I figured I should try to auction them off before deleting them.

If you've had no other enquiries, or few only, you will probably have a hard time selling them to anybody else.

 

[cdboard]

One more thing. They have a feature where you can place your domain on their rotating "feature listings" on the auction homepage for $19.98 for 90 days. Those are the domains in bold. I have received more offers from this feature than any other method. If the domain is good, you will receive offers from your feature listing.

Nice tip !

 

[Name Trader]

I would echo what @jacques said. I've only used this featured listings once recently, but I was impressed about the final price I got for my LL.CC.

 

[Avabelle]

If you've had no other enquiries, or few only, you will probably have a hard time selling them to anybody else.

You could try a 7 day auction with a $1 start. Buy a premium listing. You do realize that your domains won't sell unless they appeal to somebody.

Easy with the sarcasm - it's just a question. I'm trying to learn.

 

[Avabelle]

Go to the auction home homepage. On the left side, under "All Products", you will see a "pricing" link under the auctions heading. This will give you a good overview. Also, don't hesitate to call them and ask them questions. They are paid to assist you and are usually very helpful. I do this frequently and if you get someone who is particularly knowledgeable about auctions, they can tell you best categories to use, sales trends, etc. One more thing. They have a feature where you can place your domain on their rotating "feature listings" on the auction homepage for $19.98 for 90 days. Those are the domains in bold. I have received more offers from this feature than any other method. If the domain is good, you will receive offers from your feature listing.

Thanks @jacques - I appreciate your help

 

[Name Trader]

Easy with the sarcasm - it's just a question. I'm trying to learn.

No sarcasm expressed. I was just trying to help and be realistic. If you've had the domains for a year without any nibbles, it's likely you won't get any more nibbles (at $xxx) before you make the decision to renew or drop. Instead of letting them drop, why not offer them here to fellow domainers in a $1 auction.

I see you've been a member for nearly 5 years. You should have learnt these basics by now.

 

[cocaseco]

If you have been a domainer for more than 5 minutes you should also know that there are many different ways to sell domains, and even more opinions on what is the "right" way. In the end, there are no rules. There are no "right" ways or "wrong" ways. You are a unique individual with your own talents and areas of expertise, connections, resources and goals. Take every bit of advise and apply it to your situation. If there is something you can learn from it, great. But if not, don't be afraid to persevere and follow your own path to success.

 

[Tank]

Question:
It is my understanding that GoDaddy frowns on placing auctions before your 60 day lockdown is over..
But now I get this email from GoDaddy (attn to troubleshooting #3) so I posted a new registered LL.world domain, now it is getting bids and I am nervous..lol should I kill the auction or take the risk of the bidder not having a GoDaddy account to push it to or just let it sit another 50 days in the auction? Here is the GoDaddy email:

Thank you for using GoDaddy Auctions. You recently submitted an auction listing for _ _.com. We were unable to obtain WHOIS information for this domain during our verification process. This indicates the domain in question is not currently registered. Only registered domain names are sold through GoDaddy Auctions, so your listing has been rejected.

Troubleshooting Tips:

1. Check the domain spelling – it may have been submitted with an error.
2. Retry your listing in 24 Hours if the domain was recently registered.
3. Register the domain at GoDaddy.com and immediately create a new auction listing.

 

[Name Trader]

GoDaddy haven't mentioned anything about their 60 day lock? If you have registered this domain, then check items 1 & 2.

 

[Tank]

hi Stub, i was mainly referring to them telling me to register then immediately place it in the auction. this contradicts the fact that domains cannot be transferred out of GD for 60 days from registration. I cant really accept any offers until then due to this fact. Unless I take the gamble that they want it pushed and not transferred. It is only at $149 but if it gets higher I may start thinking about taking this risk.. lol..

After all, they did tell me I can register a new domain and immediately post it in auction..