Godaddy is a well-known domain name registrar and web hosting company. They also offer a domain broker service, which allows you to sell your domain names through their website. In this article, we’ll discuss the Godaddy domain broker service, how it works, and what you need to know before using it. We’ll also compare it to other popular domain name brokers, such as Sedo and Flippa. So if you’re considering selling your domains or want to learn more about this service, read on!
What is GoDaddy Domain Broker Service?
The GoDaddy Domain Broker Service is a platform that allows you to sell your domain names through their website. You can list your domains for sale on their marketplace, and if a buyer is interested in purchasing one of your domains, GoDaddy will broker the deal between you and the buyer. The buyers will pay GoDaddy directly for the domain, and GoDaddy will take a commission from the sale.
Why Use a Brokering Service?
There are a few reasons why you might want to use a domain brokering service like GoDaddy rather than selling your domains directly:
- It can be a lot easier to sell your domains through a marketplace like GoDaddy since there will be more buyers looking at the domains listed on their site.
- A service like GoDaddy can help you get a higher price for your domains since they will use their experience and negotiating skills to get the best deal possible.
- Using a domain broker can avoid dealing with the legal and financial aspects of selling your domain, as GoDaddy will take care of all of that for you.
What is the GoDaddy Buy Service Fee?
GoDaddy charges a $69.99 service fee for each domain you sell through their platform. This fee is charged in addition to any commissions they charge on your domain sale.
Is It Worth It?
The first question you’re probably wondering is, “is it worth it?” The answer, unfortunately, isn’t a clear-cut yes or no. It depends on a few factors, such as the price of your domains, the popularity of your domains, and how much effort you’re willing to put into selling them. If you have high-value, popular domains, it’s worth considering Godaddy’s domain broker service. However, if you have low-value or less popular domains, you might be better off selling them or using a different domain broker.
How It Works
The process is pretty simple if you decide to use Godaddy’s domain broker service. First, you’ll need to create an account on their website and add your domains. Once your domains are in your account, you can set a price for each and start marketing them to potential buyers. Godaddy will also help you with the negotiation process and take a percentage of the final sale price as their commission. They have a minimum commission of $100, so keep that in mind when setting your prices. Remember that Godaddy’s domain broker service is not an auction site like Sedo or Flippa. Instead, it’s more like a classifieds section where you list your domains and their prices. Buyers will contact you directly if they are interested in purchasing any of your domains. You’ll need to be proactive in marketing your domains and communicating with potential buyers.
How Much Does It Cost?
As we mentioned, Godaddy charges a commission on each domain sale. This commission is typically 15% of the final sale price but can be higher or lower depending on the domain’s value. There is also a minimum commission of $100, so keep that in mind when setting your prices. In addition to the commission, you’ll also need to pay Godaddy’s standard domain name registration and renewal fees. Using their service will not be free, but it could still be worth it if you can sell your domains at a high price.
What Are The Pros and Cons?
Pros: -Can be a good way to sell high-value domains -Godaddy is a well-known and trusted company -They will help with the negotiation process -There is no auction process so that you can set your prices.
Cons: -You will have to pay a commission on each sale -There is a minimum commission of $100 -You’ll need to be proactive in marketing your domains -Not suitable for low-value or less popular domains.
What Are the Terms of GoDaddy Buy Service?
By using GoDaddy Domain Buy Service, also known as Aftermarket, you agree to the terms that GoDaddy sets. These terms include:
-You will be charged 15% of the final selling price for each domain name sold through Aftermarket, with a minimum commission of $100.
-You are responsible for listing your domain names and setting the prices at which they are offered for sale.
-Potential buyers will contact you through Aftermarket. You are then responsible for negotiating the sale of your domain name with the buyer.
-GoDaddy is not a party to any contract between you and the buyer.
-You are responsible for paying GoDaddy all standard domain name registration and renewal fees.
-By using Aftermarket, you agree that GoDaddy may disclose your contact information to the buyer.
-GoDaddy reserves the right to modify or discontinue Aftermarket at any time.
So there you have it! You need to know everything about using GoDaddy’s domain broker service. If you have high-value domains that you’re looking to sell, this could be a good option. Remember that you’ll need to pay a commission on each sale, with a minimum commission of $100. You’ll also need to be proactive in marketing your domains and communicating with potential buyers. Thanks for reading!