I wouldn’t recommend GoDaddy for their web hosting services and they aren’t really a worthy domain registrar in my opinion, so what are they good for? Nascar? Possibly, though one thing they do have is high traffic in the area of domain sales, especially for their premium listings.
To use GoDaddy’s premium domain name auction you have to sign up for $4.99 a year in addition to forking over 30% of the domain name sale. The video above will give you step by step instructions on how to get your domain name listed for sale with GoDaddy. Though, in my experience, you’ll need to do more than simply list a domain name to make your sale. The greater the number of potential buyers who are aware of your domain name for sale, the more likely one of them is going to snap up your listing allowing you to make a sale. Try using some of the following steps to raise awareness of prospects:
- Email, direct mail and call businesses that might be interested in buying the domain name due to the name being associated with their area of business.
- Offer to create a simple Website for them on the domain name once they get hosting for it. This could be a hook for a $1,000 domain name that will only take an hour to set up on your part. You can [highlight]create a WordPress website very quickly or use a free template, check my “Templates and Code” page for downloads.
- Estimate the value of the domain by finding what the out exact match search volume is and estimate traffic then explain how much this traffic would cost a month through Adwords/cost per click for businesses. You can do this for free by using Google’s Keyword Tool and using Keyword Spy’s free keyword search feature.
- Create a buzz for the domain name your selling on forums related to the name, possible explaining why it has the price tag it does but be carful not to tick off moderators and offer some value to readers rather than just a sales pitch.
While we aren’t in the crazy, booming dot com days anymore where those buying and selling domain names are essentially lottery winners, there still remain domain pushers probably making full time income selling domain names. If you can pick up a domain name for $12 and there is a possibility of selling it for a few hundred dollars or even thousands, what is there to lose?