Late last year, I had a pleasant experience with the GoDaddy ‘Domain Buy Service’, which I acknowledged in a post.
As long as the offer that arrives matches your asking price, you are in good hands.
If you are willing to counter-offer, the process isn’t complicated either, and the GoDaddy representatives respond to your action within the same day or 24 hours at the most.
What happens when the offer is quite disconnected from your asking price?
For example, suppose that you own a generic, single word .com that can easily be valued in the mid to upper five figures, and you receive an offer for $5,000.
When such offers arrive, particularly when the other party can easily place that offer via the Domain Name Sales platform where the domains are parked, I still want to see what they offered on GoDaddy, without committing to a sale.
That’s quite simple as well.
First, click on the ‘willing to negotiate’ button, in order to view the offer. If it’s per the above scenario, your next step is to cancel it. To do so, do not counter-offer, but simply reply to the original email with a note that explains you are not interested in their offer.
The GoDaddy representative will issue a cancellation and the other party will hopefully try to offer a higher amount next time.
I’m glad that the interactions have been easy for you. Our goal is to remove as much friction as possible in all aspects of the aftermarket.
-Paul
Thanks Paul. Ideally, the initial email notice would contain the offer amount, but that’s not a big issue. As long as the offer is decent, I counter.
Go Daddy generally provides pretty solid service and functionality with their Domain Buy service. It is far superior to something like Afternic’s where even if the buyer initiates the offer, the Afternic broker charges the seller 10% too. As far as I know, Go Daddy doesn’t work like that.
I’ve been getting those offers from GD too and I used to think they were a pain to have to click to accept just to see the offer but I am guessing it’s a tracking mechanism.
Remember, if you get an offer from DomainAgents.com, the company pays you $10 for the “inconvenience” of clicking that link Acro. 🙂 They also don’t charge the seller a commission. In fact they give a portion of the commission back to an owner who is using the platform.
I’m biased though because I helped start it.