What is the success rate at GoDaddy Domain Auctions?

[WeavingThoughts]

Hi guys

I am a Domain Flipping newbie.

I have a question in my mind. If for instance 1000 domains are listed at Godaddy 7 Day Domain Auction ,or x number, whatever that is. As a market average, how many domains are likely to be converted to successful sales per 1000 auctions?

I basically want to know what is the success rate of an auction being converted to a sale as a market average.

I don't want to get into intricate details of bids, offers, prices, quality etc, I just want to know a market average of a success rate, something which is the average across the Godaddy market place. Just for my reference and to understand auctions better.

Do most (like 70%+) domain auctions convert within the first 7 day auction sale or is it more like sub 1% or how does it work?

Anybody who can help is requested to help I would really appreciate it!

Aakshey

I got a response on another forum and I think I should share that over here as well so that any possible mis communication is avoided

1,000 domains and they are all craps - success rate = 0
1,000 domains and they are all good - success rate = 95.456322212

That is a little different than what I wanted to know

My question is:

If X (X can be any number, 1000 or 1 million or whatever) are listed as of today on Godaddy 7 Days Auctions.

If we keep past experience/history and the fact that the pool of X domains will have both good/bad domains, what is the market average for a sale?

If for example, there are presently 10 millions domains listed at TDNAM 7 Days Auction, then at the end of 7 days, according to past experiences/history, what is the likely number that would end up being sold? And according to a market average in light of past history, what is the number that is expected to remain unsold at the end of 7 days?

The reason I ask this is because:
I see that there are 100ks/millions of domains listed on Godaddy Auctions, despite that less than 1000 domains have a single bid or more. Even for domains which have less than an hour left for the auction to end, there are less than 1% or 0.1% of the domains which have a single bid.

So do the remaining 99.9%+ domains never get sold in one particular (this particular for instance) auction, or do the bidders magically enter in the last 5-10 minutes? Because I did see that most domains with 30-50+ minutes left still had any bidder at all. Very few domains had any bid at all.

 

[Name Trader]

There is probably a lot of bidding going on in the last few minutes of an auction, and a few without bids will be picked up in the closeouts. But you are probably about right with the 0.1% completion rate. But that doesn't mean much to anybody because as the poster on the other forum stated, the rate is 0% for crappy domains and maybe 95% for great domains. Any general average is meaningless.

 

[WeavingThoughts]

Thanks. Got my answer