GoDaddy Closeouts Auction

[YaaDoo]

I have a question regarding the GoDaddy Closeout that I can't quite figure out. What happens to a domain when the close out ends?

It seems like after the auction ends it's relisted at a lower BIN price at GoDaddy until it's $5 then it disappears. After this I assume it would be available to be registered, but it seem like it becomes taken. I follow multiple domains it seems to be all the same. Where do these domains go if no one buys them?

 

[jideofor]

nope... remember it was in redemption period during the auction, be it expired or closeout auction. Both are serving the redemption period. After this time, it goes into pending delete and after which, it drops.

That's how it works bro.

 

[YaaDoo]

So after the close out finishes, it goes to pending delete and then back to the registry. Can anyone take the domain during pending delete period?

Also, when you say redemption period you mean that the current owner can still renew it at a higher price but if someone buys it, then it gets transfered out.

 

[jideofor]

So after the close out finishes, it goes to pending delete and then back to the registry. Can anyone take the domain during pending delete period?

Also, when you say redemption period you mean that the current owner can still renew it at a higher price but if someone buys it, then it gets transfered out.

No you can not. You will have to backorder the domain name or wait for it to drop before you can register it. I will advise that you backorder if the domain name is a very good one.

 

[LucidDomains]

The current owner my still be able to renew/transfer out during redemption period.

You can not acquire a domain during pending delete, you need to place a backorder for it so when it becomes available after 5 days you have a chance of getting it.

 

[YaaDoo]

Domain is not very good. I am just buying a bunch and donn't want to pay that extra 5-11 dollar godaddy closeout fee if I don't have to.

 

[LucidDomains]

Then if you think no one else will backorder it, wait till it drops completely and becomes available. Then register it normally.

 

[YaaDoo]

Why backorder when you can just buy it outright during closeout period. Usually the backorder cost more too it seems.

Or rather who would backorder when you can buy at closeout.

 

[LucidDomains]

Yes sorry you right. Close out is around $25, cheapest backorder is around the same.

Either buy it from closeout or wait till it drops.

 

[YaaDoo]

Thanks. I also hear that some dropcatchers will reg names in bbulk and just keep them. I don't get why there's all these dropcatchers. Why don't they go to buy them at closeout instead of catching them when they drop? Or is it just because it's cheaper for them to acquire as a dropcatcher since they don't to pay godaddy anything.

 

[jideofor]

Why backorder when you can just buy it outright during closeout period. Usually the backorder cost more too it seems.

Or rather who would backorder when you can buy at closeout.

I saw one very good energy domain name on close out. A part of me says I should wait till it drop further to 10,8 and the 5 dollars but I knew the consequences of heeding to greed. I had to call on a friend and a brother to pick it up for me because I was travelling at the point.

lol...

 

[doubleU]

Thanks. I also hear that some dropcatchers will reg names in bbulk and just keep them. I don't get why there's all these dropcatchers. Why don't they go to buy them at closeout instead of catching them when they drop? Or is it just because it's cheaper for them to acquire as a dropcatcher since they don't to pay godaddy anything.

Drop Catchers are essentially registrars who offer a very fast registration service, much faster than you or I can type at our browsers when we hand register our domains.

They calculate the approx time of deletion when the domain become available to the general public and at this time they call repeated requests to the registry until the domain has being registered.

The 'Creation Date' of the domain in the 'Whois Records' acquires the new registration date and so it's age starts from fresh again.

Pre-Orders for new TLDs work like Drop Catchers all competing against each other and often differ by only milliseconds.

 

[Josytal]

donn't want to pay that extra 5-11 dollar godaddy closeout fee

It depends on the domain in question. I recently purchased RallyCentral.com on the closeout for $17.

The domain is keyword/brandable, 16-year old with Google Page Rank of 3 (PR3). Rally is a multi-billion dollar niche.

So if you calculate the cost the previous owner must have incurred, then you'd find that the domain is very, very cheap. I plan to develop the domain and sell it for $XX,XXX. Quite achievable with the right content.

 

[Josytal]

Another point to note is that if the domain is deleted and you then register it, it's age will be 0 years. You start all over!
But if you purchase on the closeout, you retain the age.
In domaining, age counts. Again, it depends on the domain.

 

[raubin]

Forgive me if I'm wrong but I think the registrar (GD in this case), renew's the domain for one year in the hope they can profit from an auction, in which case the buyer would have to renew for an extra year, which is another way of making money for GD.

The ones that I have followed have been this way, they have been in redemption and pending delete then renewed by GD then entered into an auction with a BIN price.

I've been doing this for a number of years now and bought some good (not great) domains to resell.

 

[usernamex]

I have wondered about GoDaddy renewing also - they still allow tasting, so effectively GD could "float" a domain through auction, correct?

@YaaDoo in January I was watching a bunch of domains at GD just to see how the auction/drop process worked. It annoyed me that the renew cost was $15 even if the closeout made it to $5, or I'd have to scramble to find a coupon that worked. Eventually I got DesktopCatcher software so now I have been seeing names I had on a GD shortlist before come up again on the drop list. It's a small sample size, but interesting, I just ran about 20 whois to see creation date and registrar.

Items that were in closeout btwn $5-11 on 01/22/2016 didn't actually drop until March 2nd-8th

@Josytal - I would love to know about domain age - I see it as a feature of auction listings, yet why? I am sure domainers view it differently than end users, plus History and continuous Age are different, you could likely sell and end user on the idea of history even if it was a drop

Personally I have a couple I picked up just to be cool 1996 and 1999 (my first hand reg was 2000) and I spent more than if they weren't aged, so that has made me wonder if age is really a benefit

 

[YaaDoo]

I personally dont believe age matters very much anymore.

 

[martworld]

Age really does matter a lot. You can see on flippa auctions where most of the domains which are sold for $XXX-XXXX are aged 5 years or more.

 

[usernamex]

I found a recent thread discussing the age issue
https://www.namepros.com/threads/ho...-a-factor-that-influences-your-buying.928142/

@YaaDoo my apologies I kinda sidetracked your thread

I almost forgot I found this site that shows actual drop date if you have decided not to grab the names for $5 and they don't get renewed
http://www.domainduck.net/cgi-bin/duetoexpire/dteplus.cgi?
On the drop down, I pick "Next 12 Months" so then I can see if it looked renewed til 2017 and then check later to see if it reverts back to 2016 so it was tasted

 

[YaaDoo]

They are aged 5 or more because generally good names were regged early. They sold for me probably better the names were better not because of the age.