You want to sell your domain on GoDaddy, right? An auction is one of the greatest ways to accomplish this. We’ll go over how to auction your domain on GoDaddy in this article and respond to some frequently asked questions. How is a domain name auction conducted?
You must first register for an account on GoDaddy’s website before you can auction off your domain. Go to the “Domain Auctions” section after logging in and choose “List a Domain.” After that, you will be asked to enter the specifics of your domain, such as its name, how long it has been registered for, and any other facts you like to include.
You have the option to set a reserve price, which is the lowest sum you’re prepared to accept for the domain, after submitting the information. Additionally, there is a listing cost that you must pay; this fee varies based on the length of the auction and other elements.
For domain auctions, GoDaddy levies a listing fee that varies based on the duration of the auction and other elements. A one-day auction costs $4.99, while a seven-day auction costs $49.99. GoDaddy also keeps 20% of the final sale price as a commission if your domain sells.
Like other online auctions, GoDaddy auctions function in a similar way. Once your domain is listed, interested buyers can make offers on it. The auction runs for the amount of time you specified, and the domain is won by the highest bidder. In the event that the domain is sold, GoDaddy manages the domain’s transfer to the buyer’s account. The domain will not sell if you set a reserve price and the highest offer falls short of it.
Following the conclusion of the auction and the domain’s sale, the transfer procedure normally takes 7 to 10 days. This gives the buyer enough time to pay for the name before transferring ownership, and it also gives GoDaddy the chance to confirm the transaction.
In conclusion, GoDaddy’s auction system is a fantastic way to sell your name swiftly for a fair price. The techniques mentioned above can help you list your domain and draw in potential purchasers. Just make sure to choose a reserve price that you feel confident with, and keep in mind the listing fees and commission that GoDaddy levies.