Do you own a domain, but somehow the website has poor business performance?
Why not sell the domain on GoDaddy?
A domain is a web address name people use to find your website, and GoDaddy is an excellent domain marketplace platform for selling domains.
This step-by-step guide will show you how to sell a domain on GoDaddy, and you’ll also learn how to put a proper price tag on your domain.
- Why You Should Consider Selling a Domain on GoDaddy
- Problems With Selling Your Domain on GoDaddy
- What You’ll Need to Sell a Domain on GoDaddy
- How to Sell a Domain on GoDaddy: Step-By-Step Instructions
- Things to Consider When Selling Your Domain on GoDaddy
- Frequently Asked Questions
- Similar Tutorials to Check Out
- Wrapping Up
Why You Should Consider Selling a Domain on GoDaddy
GoDaddy is an Internet domain auction platform, that acts as a registrar. In other words, it’s an accredited organization that registers domain names.
This is what makes it a popular go-to place for anyone willing to list and sell their domain on their auction platform, and make money from it.
Here are a couple of reasons why you should sell your domain name on GoDaddy:
- Superlow registration fee: If you have a GoDaddy Auctions membership, you get very low registration fees when compared to other domain market platforms.
- Superb security: GoDaddy provides an auction bidder verification process to protect potential buyers and sellers from fraud or spammers.
- Automatic transfer: If a listed domain name expires, it automatically moves up for auction. This presents a very safe and profitable opportunity to sell an authority domain for a solid price.
- Simple and useful interface: The GoDaddy interface has a very convenient Auction tool that can help you set up your listing. Not only that, but the domain name search tool allows you to browse important details and characteristics on the domain marketplace.
- The option to negotiate: Buyers can negotiate the price of your domain with you, allowing the seller to find a suitable middle ground for both parties.
- Convenient mobile app: The GoDaddy mobile app lets you monitor bids, live auctions, and even older listings for your convenience.
Problems With Selling Your Domain on GoDaddy
GoDaddy is no doubt one of the biggest web host and domain platforms you can find.
However, it’s not without disadvantages.
There are a couple of reasons why GoDaddy isn’t the best domain-selling platform for you:
- Customer luring: At first, GoDaddy seems to bring up fairly priced market listings. However, these promoted prices only come up for newly-registered users, and then they somehow disappear from the account dashboard, all thanks to their algorithm.
- Slow hosting: According to top-shelf WordPress theme developer businesses, iThemes, GoDaddy has one of the slowest hosting speeds when compared to other registrars.
- Unnecessary fees: GoDaddy can charge you for landing page customizations, WhoIS privacy service, domain renewal service, and SSL Certificates, which shouldn’t be priced at all. Unlike GoDaddy, other domain marketplace platforms don’t charge an extra fee for these services.
- Paying for visibility: For a price, GoDaddy’s ‘Premium Listing’ feature allows you to list your domains to gain more visibility and priority. This might be an upside for some, but this premium listing option hinders the listings of other bidders and very much spams and oversaturates the domain marketplace.
- De-indexing: When buying previously used domains, using these names for different types of businesses and niches might have their ranking reduced by Google in the search results. This way, de-indexing can happen and might lower your business performance.
What You’ll Need to Sell a Domain on GoDaddy
If you want to sell your domain names on GoDaddy, you’ll need three things:
- Domain: You’ll need a domain name if you want to list it on GoDaddy. You can list your domain on their List for Sale (LFS) domain listing service, where they will show up on more than a hundred of today’s legit registrars and website-selling platforms.
- Account on GoDaddy: You can register on GoDaddy and choose one of their plans.
- Account on Afternic: You’ll need an Afternic account with a ‘payee’ profile to avoid any delays during the payment process. GoDaddy recommends using an Afternic account because it’ll boost your listings and add more visibility if you want to quickly find a buyer for your website.
How to Sell a Domain on GoDaddy: Step-By-Step Instructions
Selling a domain name on GoDaddy is a very straightforward process. By following these simple steps, you’ll learn how to properly list your domain name for sale, how to set up your automated system, and how to handle transactions and sales.
Step 1: Create a GoDaddy Account
First off, if you don’t have a GoDaddy account, you can create one via the GoDaddy Domain Portfolio where you can create an account.
Or, if you already have one but can’t find your password, check this box to change your username or password.
Step 2: Set Up Your Payment Method
Once you’ve logged into your GoDaddy account, go to ‘My Account’ on your top side, and then click ‘Payment Settings’.
You’ll find and click the option to select the payment method, which can either be via PayPal, a direct bank account transfer, or another option of your choosing.
Fill in the payment information to continue.
Step 3: Choose Your Domains For Sale
A checkbox will appear with the available domains you have for sale.
The domains will be visible to GoDady customers who are looking for an available domain name.
Then, you can find the ‘List For Sale’ button. Once selected, press ‘Get Started’ to begin the sale process.
Keep in mind, if your domain is listed with an enabled ‘Ownership Protection,’ you’ll have to downgrade your protection plan once you’ve made your sale.
Step 4: Put Up Your Price
You can now enter your listing price. You can also select ‘Use Estimated Value’ to let GoDaddy come up with a fair estimate for your domain.
Pro Tip: Before you decide on the final price, make sure you’ve browsed similarly-worded websites and their price tags so you’ll have a bigger picture in mind when putting up a price on your own.
Step 5: Create a ‘For Sale’ Landing Page (Optional)
You can tick the checkbox to make GoDaddy replace your website’s landing page with a ‘For Sale’ notification.
This step is highly optional, but it’s good for those who wish to let the visitors of the website know that this website is up for sale.
Step 6: Publish!
Finally, after you’ve chosen your desired domain price, you can select ‘Publish Listing,’ which will take you to a prompt message.
You can select the ‘Create Account & Publish Listing’ button if you don’t have an Afternic account.
Once you see a ‘Success’ prompt, you’ll know your domain has been listed. You can view and edit your domain listings here.
Optionally, if you believe you’ve made a mistake or accidentally published a listing, you can quickly delete your listing.
Things to Consider When Selling Your Domain on GoDaddy
Rushing it is never a good idea when domain names are in question.
Here are some important tips and tricks before you decide to sell your domain on GoDaddy.
1. Multiple Choices
Think long and hard before you choose one of GoDaddy’s plans to sell your domain. The domain name registration and hosting fees go from $4,99 per month with a ‘Basic Plan’ or a ‘Premium Plan’ that costs $39.99 per month for features you need to consider first.
2. Auction Time
Keep in mind that the auction time doesn’t extend, and the bids only have 7 days until the highest bid wins. If there are no bids on an auction, GoDaddy allows customers to bid on domain names that are expired or aren’t claimed yet.
3. The Name is Everything
You can make a hefty buck for it if the domain name is catchy enough. If you came across a very cool-sounding name for a low price, it’d be very much a good idea to purchase it and resell it for that extra cash.
There are multiple factors that positively affect a domain name’s true worth, and it almost always includes keywords that are relative to the company you have on the website.
4. Use the Appraisal
If you’re having trouble choosing a good price for your domain, you can use GoDaddy Domain Appraisal tool to estimate a proper price range for your domain name.
5. Promote Your Domain
Even if your domain name sounds catchy, you can’t sell it without advertising it to potential buyers. This is especially true if you’re selling multiple domains.
You can add an informative description tagline, use social media marketing, and other advertising methods to attract more attention to your website name.
Frequently Asked Questions
Should I Sell My Domain?
If you’re not sure about selling your domain, you can use the GoDaddy Domain Appraisal and Value Tool. This service allows you to check the prices of other domains that are in the same category as your domain in order to compare the domain prices and see how many buyers are interested in which domain names.
How Much Can I Sell A Domain Name For?
Usually, domain names go from $5,000 and $20,000, while premium domain names can skyrocket up to $200,000.
Domain names like CarInsurance.com sold for nearly $50 million in 2010, and Voice.com sold for $30 million. Always remember that shorter domain names reach higher prices than longer names because they’re catchier.
What is Domain Flipping?
It’s the business practice of buying low and selling high, only with domains.
You can use GoDaddy to find and purchase low-selling domain names with potential and then list them for a higher price.
There are many people who are utilizing domain flipping as a legitimate way to profit.
What Do I Need to Sell a Domain on GoDaddy?
All you need to sell a domain on GoDaddy is a registered and verified account on their website, an account on Afternic, and a domain name you own.
What Is a Strong Domain Name?
When it comes to a domain name, simplicity is king. A good domain name doesn’t have more than 3 words in it. Shorter domain names are easier to remember, easier to type, and catchier.
Some domain names like TreeHugger.com, or PewPewTactical.com are called ‘category killers’ because their name dominates their respective niches.
Similar Tutorials to Check Out
Here are some interesting tutorials for rejuvenating your business:
- How to sell a business: If you’re finally ready to retire, or maybe move on to greener pastures, this guide will show you how to sell your company and review your options for a more profitable outcome.
- How to sell on Amazon for free: Here’s a guide to selling stuff on Amazon via an individual seller plan with benefits that lets users sell items with minimal fees.
- How to sell on eBay for beginners: If you want to pivot to eBay, and you have a lot of stuff lying around the house, this guide will show you how to list items and find the best price for them.
Wrapping Up
As you can see, selling your domain is simple.
Whether you’re a domain name flipper, an investor with too many domain names, or you just want to sell an old defunct business, GoDaddy has you covered.
Keep in mind, you just have to pay close attention to the market prices and compare the numbers with caution if you want to sell domains.
Once you do all the research and fix the price range, you’re ready to sell domain names and make money.
We hope that you’ve gained enough knowledge of how to sell domains, domain pricing, and the importance of domain names.
If you feel that this guide has helped you or answered any questions regarding domains, feel free to share the article or comment your thoughts below if you have anything to add to the conversation.
