Beginners guide to Go Daddy Auctions

Go Daddy is the largest domain registrar in the world.  So you should get to know their auction marketplace "Go Daddy Auctions"

Go Daddy does charge a $4.99 membership each year.  You do not have to pay a membership if you are only going to use the closeouts category.

When you first go to Godaddy.com, you will see a tab for auctions. Click that tab and you are now ready for all the action.

There are many things going on in various categories.

There are expiring auctions, these are names that were registered at Go Daddy and are in a ten day auction. Starting price for the auction is $12.  You will see the number of bids, the current price, traffic, Go daddy valuation and the time left.

Take the Go Daddy valuation as just their opinion it is in no way fact, and usually on the high side by a very wide margin.

Bidding in the last two minutes of an auction adds two minutes on to the end of the auction.

You will also see other auctions that have been created by members. They will use a format of either:

1) Buy it now

2) Offer/Counter offer

3) Offer/Counter offer with a buy it now

4) 7 day auction listing

These names may or may not be registered with Go Daddy.

Closeouts

Closesouts are expiring names that got no interest during the 10 day auction. They now revert to a 5 day reverse auction.  The names start at $11 and are available to purchase at that price for 24 hours. If no one buys at $11 it moves to $10 for another 24 hours, this process continues to $9 then $8 and finally $5.  

Remember with all GoDaddy expiring auctions, you pay the registration fee for one year along with the purchase price.  So if you buy a name at closeout for $10, you will need to pay that $10 plus one year registration at $11.99.  You can use a coupon code when paying and get the price of the registration in the $7.50 to $8 range depending on the code.

Using advanced search

Since there are so many names listed, with so many types of auctions, it will make sense to use the advanced search to hone in on what you are looking for.

If you are only interested in expiring domains, check the button for expiring so you will not see names that are listed for sale by other Go Daddy members.

If you just want closeouts because you want to know what you can buy right now, check the button for closeouts.

You can search by only the extensions you are interested in, click the extensions button then check the desired extension. 

Besides buying on Go Daddy Auctions, you can sell.  You can list your names for sale on Go Daddy Auctions.

You have four options to list your names for sale.

1) Buy it now

2) Offer/Counter offer

3) Offer/Counter offer with a buy it now

4) 7 day auction listing

Go Daddy offers you the opportunity to promote your listing through its feature listings option. Add your domain to the rotating "Feature Listings" section on their home page for a cost of $19.99. Go Daddy claims that the homepage is seen by over 1 million visitors every week! These listings appear at the top of the page.

You can target just one category for $9.99.

When you post a listing its runs for three months. Unless of course you chose the 7 day auction option.

For any domain you sell using Go Daddy Auctions there is a commission of 15% with a $5 minimum.

Make sure you understand that if you win a name, it still can be renewed.  Go Daddy automatically list it for auction on Go Daddy Auctions® 25 days after the domain name expires. However, the current registrant can reclaim the domain from redemption up to 42 days after expiration. If the current registrant renews the domain, the auction is canceled and any bids are refunded.

When you check your account it will show you when the name will be in your account, so you do have to wait a few days.  Do not start marketing the name for sale until its in your account.

Any questions feel free to leave a comment.

Comments

[Kate]

Great guide, thank you very much for this.

[Poor Uncle]

I sold a .info for $108 on godaddy auction. The guy offer me $10 initially and I counter with $108 and he accept. It may worth a lot more but who care just sell and run with the money. It is fun and I am totally hooked now. Anyone interest in azo.co or gor.co? I own both.

[Domain Name Reserve]

Thanks for the excellent overview

[Jack]

Yes. its a great post.

Any one interested in buying
www.search-engine-optimization-resource.com ?

[will]

i own fuckester.com, right now am not sure if i should put it up for sale or make site out of it. I was thinking of lease it out anyone have a clue how lease a domain works?

[Chris]

Is there any time delay after buying the domain? I recently bought one per auction and am still waiting for it to show up in my account even though I got billed.

[Chat Boy]

I have the same question as Chris, I just bought a domain name thru the auctions but can't find it anywhere in my account

[Dave]

I just bought a domain through auctions and I noted that it said as per the terms of service the original owner is given a period in which to renew it still. If they renew it then they will send the money back to us, otherwise if it is not renewed within one week it will be transfered to our account.

I expect that is the delay :)

[RH]

That is the delay Dave, the owner still can pay an $80 redemption fee plus the renewal.

[kta]

great guide thanks for sharing

[peter ellis]

That is not how I read it. If the original registrant has forty -two days to re-claim the domain from its expiry, less any time on auction before it is bought the buyer will have to wait the full length of time before it is in his account.

A lot of time spent waiting when you could lose the name after all, even though you get refunded.

[Joe Pulbic]

Sounds like a total con. So basically you are telling the expiring owner that you are interested in buying the domain, and they have the option to reclaim it, and then put it up for sale.

[Ary Kenyach]

Peter the 42 days is included in the time on auction.

[Andy]

Tip: in addition to using a coupon, you can get a 12% cashback by using a fatwallet account when buying from Godaddy.

[RH]

Thank you Andy.

[Kiki]

This is great, just what I wAs looking for. Thx

[Media Man]

I've never used godaddy. I have a domain name (registered via mydomains.com) that I want to sell. Can I use Godaddy Auctions for this purpose? What would it cost for me to set this up?

[RH]

You need to pay $4.99 a year to join GO Daddy Auctions. You can sell domains not registered at Go Daddy. You would pay 10 % commission.

[Clothing online]

I've never used godaddy. I have a domain name (registered via mydomains.com) that I want to sell. Can I use Godaddy Auctions for this purpose? What would it cost for me to set this up?

[Raymond Hackney]

Yes Clothing you can sell it on Go Daddy Auctions. You need to pay $4.99 for a Go Daddy Auctions membership.

Then if you sell, they get 10 % commission.