How to Sell Domain Names on GoDaddy: A Complete Guide

Published: 15 Jul, 2023

Do you have some domain names that you are not using or want to sell for a profit? Domain names are valuable assets for online businesses, as they can help them establish their brand, attract customers, and rank higher on search engines. However, finding the right buyer and selling your domain names can be a challenging and time-consuming process.

That’s where GoDaddy comes in. GoDaddy is the world’s largest domain registrar and a popular platform for buying and selling domain names. Whether you have one or hundreds of domain names, GoDaddy can help you list, promote, negotiate, and transfer them easily and securely.

In this article, we will show you how to sell domain names on GoDaddy in six simple steps. We will also provide you with some tips and best practices to help you get the best value for your domain names. Let’s get started!

 

How to Price Your Domain Names

The first step to selling your domain names on GoDaddy is to determine how much they are worth. The value of a domain name is influenced by various factors, such as:

• Length: Shorter domain names are usually more desirable and memorable than longer ones.
• Keywords: Domain names that contain popular or relevant keywords can attract more traffic and demand higher prices.
• Extension: The most common and preferred extension is .com, followed by .net, .org, and others. Some extensions may have specific meanings or restrictions, such as .edu, .gov, or .io.
• Brandability: Domain names that are catchy, unique, and easy to pronounce can create a strong brand identity and appeal to buyers.
• Marketability: Domain names that have a high potential for monetization or development can increase their value.

There are different methods of appraising a domain name, such as:

• Using online tools: There are many online tools that can provide you with an estimated value of your domain name based on various criteria. For example, GoDaddy’s estimated value feature can give you an instant appraisal of your domain name based on its length, keywords, extension, and market trends.
• Comparing with similar sales: You can also look at the recent sales of similar or comparable domain names to get an idea of how much buyers are willing to pay. For example, you can use NameBio or DNJournal to search for domain name sales by keywords, extensions, categories, dates, etc.
• Consulting with experts: If you have a premium or rare domain name that is hard to value using online tools or comparisons, you may want to seek professional advice from domain name brokers or appraisers. They can help you evaluate your domain name based on their experience and market knowledge.

To price your domain names using GoDaddy’s value appraisal, you can follow these steps:

<!--[if !supportLists]-->·         <!--[endif]-->Log in to your GoDaddy account and navigate to the Domain Manager page.

1. Select the domain name you want to price and click on the Estimated Value tab.
2. You will see the estimated value of your domain name in US dollars, along with a confidence score and a range of values.
3. You can also click on the View Comparable Sales button to see the recent sales of similar domain names.

 

Read also:

How to Find the Cheapest domain registrars in 2023

How to Create a Subdomain with GoDaddy

How Much Does a Domain Name Cost in 2023?

 

How to List Your Domain Names for Sale

The next step to selling your domain names on GoDaddy is to list them for sale on the platform. There are different listing options available on GoDaddy, such as:

• List for Sale: This option allows you to list your domain name for sale on over 100 top registrars and reseller websites collectively. You can set your own price and accept offers from buyers. There is no listing fee but there is a 20% commission fee when you sell your domain name.
• GoDaddy Auctions: This option allows you to list your domain name for auction on GoDaddy’s own marketplace. You can set a starting bid and a reserve price and let buyers compete for your domain name. There is an annual membership fee of $4.99 and a 15% commission fee when you sell your domain name.
• Offer/Counter Offer: This option allows you to list your domain name with a minimum price and allow buyers to submit their own offers. You can accept, reject, or counter the offers until you reach an agreement. There is no listing fee but there is a 20% commission fee when you sell your domain name.
• Buy Now: This option allows you to list your domain name with a fixed price and let buyers purchase it instantly. There is no listing fee but there is a 20% commission fee when you sell your domain name.

The best option for listing your domain names depends on your goals and preferences. For example, if there is a domain name you want to sell quickly and avoid negotiations, you may want to choose the Buy Now option. If you want to get the highest possible price and attract more buyers, you may want to choose the GoDaddy Auctions option. If you want to have more control and flexibility over the godaddy is a straightforward process, you may want to choose the List for Sale or Offer/Counter Offer option.

To list your domain names for sale using GoDaddy’s List for Sale service, you can follow these steps:

<!--[if !supportLists]-->·         <!--[endif]-->log in to your godaddy account and navigate to the Domain Manager page.

1. Select the domain name you want to list and click on the List for Sale button.
2. Enter the price you want to sell your domain name for and click on the Next button.
3. Review the listing details and the commission fee and click on the Finish button.
4. Your domain name will be listed for sale on over 100 top registrars and reseller websites collectively.

 

How to Promote Your Domain Names

The third step to selling your domain names on GoDaddy is to promote them to increase their visibility and attract more buyers. There are different ways of promoting your domain names, such as:

• Using social media: You can use social media platforms such as Facebook, Twitter, Instagram, LinkedIn, etc. to share your domain name listings with your friends, followers, groups, etc. You can also use hashtags, keywords, images, videos, etc. to make your posts more engaging and searchable.
• Using forums: You can use online forums such as Reddit, Quora, NamePros, etc. to post your domain name listings or answer questions related to domain names. You can also join relevant communities, subreddits, threads, etc. to interact with other users and potential buyers.
• Using blogs: You can use blogs or websites such as Medium, WordPress, Blogger, etc. to write articles or stories about your domain names or topics related to domain names. You can also use keywords, links, images, videos, etc. to make your content more informative and appealing.
• Using newsletters: You can use email marketing tools such as Mailchimp, AWeber, Constant Contact, etc. to create and send newsletters or updates about your domain name listings or offers to your subscribers or contacts. You can also use catchy subject lines, headlines, images, videos, etc. to make your emails more attractive and persuasive.

To promote your domain names using GoDaddy’s For Sale landing page feature, you can follow these steps:

<!--[if !supportLists]-->·         <!--[endif]-->Log in to your GoDaddy account and navigate to the Domain Manager page.

1. Select the domain name you want to promote and click on the Manage DNS button.
2. Scroll down to the Forwarding section and click on the Add button next to Domain.
3. Enter “forsale.yourdomain.com” in the Forward To field and select 301 (Permanent) in the Redirect Type field.
4. Click on the Save button.
5. Your domain name will have a For Sale landing page that displays your contact information and a link to your listing.

 

How to Negotiate and Close the Deal

The fourth step to selling your domain names on GoDaddy is to negotiate and close the deal with potential buyers. There are different factors to consider when negotiating the price and terms of the sale, such as:

• Market demand: The higher the demand for your domain name, the more leverage you have in negotiating a higher price. You can use online tools or comparisons to gauge the market demand for your domain name based on its keywords, extension, trends, etc.
• Urgency: The more urgent you are to sell your domain name, the more willing you may be to accept a lower offer. You can use time limits or deadlines to create a sense of urgency for both yourself and the buyer.
• Payment method: The payment method you choose can affect the speed and security of the transaction. You can use escrow services such as Escrow.com or PayPal to ensure a safe and smooth payment process. You can also offer discounts or incentives for certain payment methods such as wire transfer or cryptocurrency.
• Transfer method: The transfer method you choose can affect the ease and convenience of transferring your domain name to the buyer. You can use GoDaddy’s Transfer Domain feature or other services such as Sedo or Afternic to facilitate a quick and hassle-free transfer process.

To negotiate and close the deal with potential buyers using GoDaddy’s Offer/Counter Offer feature, you can follow these steps:

<!--[if !supportLists]-->·         <!--[endif]-->Log in to your GoDaddy account and navigate to the Domain Manager page.

1. Select the domain name you want to negotiate and click on the Offers button.
2. You will see a list of offers from potential buyers along with their contact information and offer details.
3. You can accept, reject, or counter any offer by clicking on the Accept, Reject, or Counter buttons next to each offer.
4. You can also send or receive messages from potential buyers using the Message button next to each offer.
5. Once you reach an agreement with a buyer, you can click on the Complete Sale button to finalize the transaction.
6. You will receive an email confirmation and instructions on how to transfer your domain name to the buyer.

 

 

Conclusion

Selling domain names on GoDaddy is a great way to make money from your unused or unwanted domain names. GoDaddy offers various listing options, features, and services to help you sell your domain names easily and securely. You can also use online tools, comparisons, and experts to price your domain names accurately and competitively. You can also use different platforms, methods, and strategies to promote your domain names and attract more buyers. You can also use GoDaddy’s Offer/Counter Offer feature or other methods to negotiate and close the deal with potential buyers. You can also use GoDaddy’s Transfer Domain feature or other services to transfer your domain names to the buyer smoothly and safely.

If you have some domain names that you are not using or want to sell for a profit, don’t wait any longer. Start selling your domain names on GoDaddy today and turn them into cash. Visit GoDaddy’s website to learn more and get started. Happy selling!