How to choose from GoDaddy closeout auctions...

[vravis9]

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.

 

[Temmygabriel]

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!

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

 

[domainer111]

... 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 .

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.

 

[Temmygabriel]

All the good names, even almost all the names are taken on your list

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!

Almost all the good names, in fact almost all the names in your list are taken as soon as they are posted

 

[Ategy]

@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...

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.

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

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

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.

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

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.

 

[vravis9]

@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...

 

[Ategy]

@Ategy.com
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...

Unfortunately the reality is that anybody brokering mid $xxxx domains can actually buy their own inventory at $xx or low $xxx ... which nets them $2k to $6k per domain they sell .. essentially at least 80% .. it just wouldn't make sense for them to take their time to do yours for just 15-20%.

There certainly are rare exceptional domains you can find at closeout that are worth 5 figures at retail .. but you need to spend as much time as I do going through the lists. Each day I hold back about 1 to 2% of the names on my list for my own personal purchases .. most end up going high at auction .. but some rare ones slip through and I'm able to grab them super cheap at auction, or even at closeout!

That's why I'm probably going to get more serious about starting to wholesale domains to domainers .. because I'm able to find great names at even below wholesale prices. The extra price I pay is in the time I take to go very deep into the lists each night .. I can't get no sleep!

 

[vravis9]

@Ategy.com Yes...

Thanks for your time...

I certainly can imagine how much time is needed to sort out those lists...
And would like to see that wholesale domains...

Coming to brokerage services...there is no hope..
I know it takes time and return will be very low... I think that is vital one for brokers..so no other arguments here in support of mid level sellers...although I want to say some points for sellers...but I am not finding any reasonable ones..

I am new and very few domains are with me...so I don't have any advt on Facebook/Twitter to attract buyers...
I wish there is some one who has large portfolio and all in when it comes to getting buyers...if they could offer assistance in using their platform and reputation to sell others names and can be arranged by some partnership...
Again it will be very helpful for small domainers and newbies..

They will learn and earn simultaneously...

Big thanks for your suggestions...you responded...it's like personal coaching 1o1

 

[DrJacoby]

I wish there is some one who has large portfolio and all in when it comes to getting buyers...if they could offer assistance in using their platform and reputation to sell others names and can be arranged by some partnership...

There are plenty. For example: Afternic, Sedo, Brandbucket.

 

[vravis9]

@DrJacoby very funny and of course it's true also...

Yes I know those platforms are for selling...but getting support or help of an already established sellers using their resources..name..will be more productive and also gives scope for learning...

That's what I am asking about...

 

[anantj]

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

Of course they are "taken". I suspect you're trying to hand register the domains! These domains are on auction and you need to purchase them from the auction. You cannot hand register any of the domains (yet)

 

[Ategy]

Of course they are "taken". I suspect you're trying to hand register the domains! These domains are on auction and you need to purchase them from the auction. You cannot hand register any of the domains (yet)

I never thought that might have been the problem!? lol .. @Temmygabriel .. just click on the link to go directly to the auction page. Closeouts are basically auctions that ended without a bid so they are still in the "auction system" but now in the closeout phase .. where the first person to buy them gets them directly without the risk of anyone else bidding after you. But as @anantj said .. you have to buy them through GoDaddy auctions. Again .. just click on the links in my lists to go directly each name you want!

 

[domainer111]

@Ategy.com thanks for your list .. I also do the closeouts. I never studied your list before, I would say it's excellent.