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How to choose from GoDaddy closeout auctions...

Located in Domain Marketplace Reviews, started by vravis9, Aug 30, 2018

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  1. vravis9

    vravis9 Top Contributor VIP

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    Hi NamePros...

    I am thinking of buying some domains from GoDaddy closeout auctions...

    I am aware of filters and other features to sort from large number of domains...

    But I am having some doubts to go forward...is there any detailed demonstration from our fellow members on how to do it...?

    I want to know what to look for and how to get it..

    I am assuming that all purchases from closeout auctions will have their own age (≠fresh reg)...and we need to be have a check on its previous history...

    I want someone explain step by step from selecting of keywords/number of letters/CVCV etc formats...
    Extensions to look for...age to look for...and then how to purchase them (bid/bin)...and also where to check demand of these names...and finally where to list them to have a quick sale...

    I know it is long process to ask...if I see anyone posting all these details...it would be a great help for all newbies (even for other domainers)..

    Even if I didn't get the step by step instructions...

    I know for sure that our fellow members will be giving their own advices based on their experiences...

    Hope to see some great insights from established members...

    These points will fill most of important steps to lookout for before purchasing at GD auctions...

    I am thinking of buying a dozen...hoping to flip quickly..

    Thanks for your time and help..

    Ravi.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. DrJacoby

    DrJacoby Established Member

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    Only .com.

    Closeout domains have a fixed prize (ranging from $5 to $11), so just push the Buy button before anyone else.
     
  3. vravis9

    vravis9 Top Contributor VIP

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    Hi @DrJacoby ...

    I saw some good names and still they are not being purchased... I thought after auction time ends may be they will be up for bin...

    So I can purchase if I like the name...

    And yes .com !!
     
  4. DonDraper

    DonDraper Top Contributor VIP

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    Showing some tips or having clarified some aspect of closeout choice could be easily done.
    But showing a step by step process is Free-coaching that is not exactly what our fellow domainers would like to do
     
  5. Ategy

    Ategy NameCult.com VIP Gold Account

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    I invite you to check out my daily list of Closeouts that I post both here and at NameCult (Check my signature for both).

    Stats are great and can certainly help you save time looking at a more targeted selection of the closeout lists .. but at the end of the day you simply need to find good solid names that are commercially usable in a segment in demand where businesses will pay a nice multiple to get a good domain for their company/startup.

    Also take a look at the thread "Domains you won at Auction or Closeout". In that thread I've posted tons of domains I've grabbed on the GoDaddy platform (both auction and closeout) .. but more importantly .. I also share the reasons why I think they make for smart acquisitions.

    Definitely do NOT plan on quick flips .. chances are if it was a good domain that could be flipped quickly then it would have been bought at auction. There definitely are exceptions .. but it really takes time to get a feel for what is a good domain and what isn't.

    Depending on your financial situation and budget, getting a dozen domains could be a great way to learn. But if it's money you can't afford to lose, then take it slow. Maybe buy one at a time and each time post in the appraisal forum and see what other members think of your choices.

    Best of luck to you going forward! :)
     
    Last edited: Aug 30, 2018
  6. vravis9

    vravis9 Top Contributor VIP

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    @DonDraper I too think so..

    But if any previously mentioned data is there means they will post here...

    And I am hoping more of general tips...those all together will make some guidelines of their own... :)
     
  7. vravis9

    vravis9 Top Contributor VIP

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    @Ategy.com these are definitely solid points to be followed...

    I came across your lists before and will keep checking them for more insight..

    And yes planning to move slowly...but want some sales desperately...

    Here when I see buyer requests I always saw aged domains..so I thought this might be a good place to sell?!
    What do you think...

    Thank you very much..
    Ravi.
     
  8. DrJacoby

    DrJacoby Established Member

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    Either they are not as good as you think, or you're talented at finding needles in a haystack. Let's hope for the latter! :xf.smile:

    If it's in closeout, yes. If it's still in the expired auction stage, no. Then you have to bid on it in the auction.
     
    Last edited: Aug 30, 2018
  9. Nezam Uddin

    Nezam Uddin Established Member

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    The NameCult is good narrowed list to start for you. I suggest you buy around ten domains which you think is good and then try to sell it. Doing this will help you learn tips and tricks under pressure and you might uncover great niches. You need to find out what works and sells and whats not. Keep that in mind.
     
  10. vravis9

    vravis9 Top Contributor VIP

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    Yes @DrJacoby
    I guess I have to be cautious in deciding what to purchase and try to sell it...if it is sold then only I can come to some conclusion...
    Just have to avoid over confident in deciding...
     
  11. DonDraper

    DonDraper Top Contributor VIP

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    Learning by mistakes?
    Do you find useful?
    Recent studies proved that people learn deeper from mistakes (cit)
     
  12. vravis9

    vravis9 Top Contributor VIP

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    Sorry I didn't get your point..
    @DonDraper did I said it here ?
     
  13. DonDraper

    DonDraper Top Contributor VIP

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    Here...I guess you said that ONLY if you sell you learn something
     
  14. vravis9

    vravis9 Top Contributor VIP

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    Okay got you... @DonDraper
    I mean the result/outcome of my decision can be assessed based on the whether I am able to sell the domain or not...

    Yes we will learn from mistakes...just need to be sure to do mistakes of small size..

    Thanks
     
  15. domainer111

    domainer111 Top Contributor VIP ★★★★★★★★★★

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    If your going for a two word domain, key in both the words into namebio. See then are you still keen on the name.

    It gives you the objective sales data - rather then the emotion of exhilaration if you are going to hit the buy button.

    If there are only a handful of sales ever for a particular word on namebio, then it's not a good bet, unless the other word is really strong like "media" or "cloud".

    Unfortunately we don't have the sales data from the brandable marketplaces so we are missing sales data. Starting to say this a lot around here :D
     
  16. vravis9

    vravis9 Top Contributor VIP

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    @domainer111 I like this point...
    Have to be practical...i.e., based on data rather than liking/guessing..

    And I tried to find before about brandable domains sales data...but no luck...
    Same with ccTLDs (reg) stats... I gone through the thread related to the same...and many sources are not updated for years...

    And also domain hacks data ..
     
    Last edited: Aug 30, 2018
  17. satyadeep singh

    satyadeep singh Established Member

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    which name is good and which is bad how to know and which time name cult name is appearing?
     
  18. vravis9

    vravis9 Top Contributor VIP

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  19. hwgriffi

    hwgriffi Established Member ★★★★★★★★★★

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    ... read the forum which contains 15+ years of domain name purchasing knowledge.

    Nobody is going to give you their metrics for closeout buying.

    Truthfully the closeouts are usually picked after the auctions. You are filtering them all the good ones have been picked .
     
  20. vravis9

    vravis9 Top Contributor VIP

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    @hwgriffi sounds very true...

    If anyone shares it would be a rare thing... I guess :)
     
  21. Temmygabriel

    Temmygabriel Established Member

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    Hello, I need to know what time you post on your blog. Cause it seems the good stuffs. Are usually picked fast..
     
  22. domainer111

    domainer111 Top Contributor VIP ★★★★★★★★★★

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    One problem is though ... how do you actually navigate to the really *really* good content on namepros? It probably deserves a website in itself, summarising all the best stuff that's been written.
     
  23. Temmygabriel

    Temmygabriel Established Member

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    All the good names, even almost all the names are taken on your list
    Almost all the good names, in fact almost all the names in your list are taken as soon as they are posted
     
  24. Ategy

    Ategy NameCult.com VIP Gold Account

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    The most important thing I can say is .. don't get into domaining expecting fast sales. Particularly when you are new as chances are the more experienced domainers you'll be trying to sell quickly to would have already seen the domain you bought and chose not to buy it at the price you bought it at .. so they probably wouldn't buy it for more than you bought it at. Obviously that's an oversimplification and chances are not all domainers saw that theoretical domain .. but almost definitely some did.

    The real money in domaining is selling to end users at retail prices. The only way for that to be done quickly is if you do outbound (which many domainers don't actually do because inbound usually gets them better prices .. with the tradeoff being fewer/slower sales). So unless you are a very aggressive and experienced salesperson, don't expect to make quick money in domains when you start out.

    As for domain age. 100% for the age of a domain is a factor in drawing my attention to it. But it's actually a just small factor in my decision to actually buy it. Because at the end of the day the ratio of good domains is much higher for older domains .. but there still are totally garbage domains that are 15 and even years old .. so never buy a domain simply because it's old.


    Hey guys .. it really depends on the day. Doing the research (manual expiration list scanning = looking at names one by one) and making the lists is A LOT OF WORK! I have a real world full time job and other real-world commitments, so I can never guarantee what time I will post the lists. But the best thing you can do it go to both my threads here (Auction and Closeouts .. the links are in my signature) and then click "Watch Thread" .. or click the line where I write in red "click here to watch this thread ...". I'm pretty sure you can even set it up so that NamePros sends you an email notification. :)

    I just posted today's closeout list about an hour ago .. and I'll try to start posting the closeouts earlier during the night from now on.

    You might be experiencing one of several potential bugs at Godaddy. For the next list click on a bunch of names .. then send me a private message of the ones that are not available.

    Just remember that they do expire. The time I put next to the names are when they go down to the next price level. But $5 names are already at the last level .. so if you see 12:15pm but click the link at 12:16pm .. it will be gone from closeout forever .. it's always best to go through the list as early as possible .. and definitely before the start of the auction day to get the best choice!

    Closeout domains at $11, $10, $9 and $8 will still be available at the next price level after the time indicated .. unless of course somebody actually bought it.
     
  25. vravis9

    vravis9 Top Contributor VIP

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    @Ategy.com
    That is very valid point... I guess the domains we are getting from closeout sale are no good on NamePros...I think I should try to list them on all platforms...if they are any good they will get some inquiries...

    Probably that is good way to get endusers eyes on to our names...

    Regarding age... I am thinking if it is a good name... having good keywords in it...it can be sold at Sedo / afternic... Again it depends on name quality...

    Wish there is some kind of service/broker to help newbies or domainers trying to sell in below mid XXXX...
    All brokerage services only deal with 6 digit sale potential names...
     

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