One of the ways to get the domain you want is through domain auction buying. When you purchase your domain of choice through one of the many domain auction sites, you can now use that domain and take it to the next level. In fact, one of the advantages of purchasing a domain name through an auction is that you know it’s available. In fact, one of the headaches in hand registering is that the perfect domain name you want might already be registered. This is what makes a domain auction a great option. With that being said, we are going to go give some highlights for a two of the more popular domain auctions.
GoDaddy Auctions: Most domain investors will most likely tell you that GoDaddy Auctions is the most well known auction sites. Additionally, GoDaddy is thought of as the #1 domain registrar, and they have a very large list of domains currently in auction. Some of the other factors when thinking of listing your domain for auctions with GoDaddy.
- Low commission rates
- Domain monitoring on your current auctions
- Powerful search tools
- Access to high value domain names at auction
How can you buy through their auction? Quite simply, you can either ‘Buy It Now’, or make the seller an offer. When you make an offer, be ready for the seller to counter with their offer. One last thing regarding the GoDaddy auction process, you will need to be a member to partake. Notably, you will need to pay $4.99/year before you can participate in their auction.
Sedo Auctions: The Sedo auction process has current auctions that you can pick from at anytime. However, we like the fact that Sedo had a calendar that lets sellers and buys know about upcoming special events. Furthermore, if you want to see when 4 letter .com domains will be up for auction, just check out their ‘Auction Calendar‘. So what are the options when selling a domain through Sedo auctions? Quite simply, you can start and auction, or add a domain with a “make offer” option.
With the start and auction option, you the seller can start an auction with a fee of $59 per auction. This isn’t the only fee either. When your domain sells, you pay a 15% commission on the final sales price upon a successful sale. How does this compare to their “make an offer” option? When you list your domain at Sedo and list it as “Make Offer” and you receive the first offer, you can then list it to auction which will have a sales guarantee. Even though you don’t pay a up front fee of $59, you will pay a 15% commission on the final sales price.
To conclude, these are just two of the many options you have for domain auction buying and selling. In fact, we have listed some other options below to check out.
All in all, you will want to make sure what the costs are when buying and selling before you get started. In fact, a domain you want to purchase might have a great selling price, but you’ll want to double check if there are any additional fees. Finally, if you want to check out our other domain auction articles, click here.
