9990% Flip with Godaddy Premium Listings

Since 2009 the stock market (DOW) has moved from 8,000 to around 12,000 which is a huge increase in value. Also in 2009 I purchased the domain PoopBeGone.com for $10 on namepros. Over the 3 years which I owned the domain I received 8 emails about the name with a few leading to small offers that never amounted to anything.

Although the offers were small they did tell me that the name was worth something so I listed it on Godaddy's Premium listings for $999. I list many of my names on their system that I think are suited for end users hoping that one day someone will type it in and buy it.

Would this name have ever sold on Sedo or Afternic for this price?

Possibly, but I doubt it. They may have better systems and much lower commissions, but Godaddy has the eyeballs.

Godaddy's system is not great, they take 30% of the sale so make sure to price your names with that factored in. They also take quite a long time to send the check. I just got mine and this name sold in early November.

In three years my $10 name purchase turned into $999 ($665 in my pocket after the fees). Is it not a huge sale, but looking at the percentages the return on investment is unmatched. In my small portfolio I have a handful of names that I did not buy to develop, but with the sole plan to sell to final users.  It seems that a few of them sell each year passively. I'm a much bigger fan of development, but sales are never a bad thing!

Have a great weekend!

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Comments

11 Responses to “9990% Flip with Godaddy Premium Listings”

  1. Jeff
    January 8th, 2012 @ 10:16 am

    Congratulations and nice ROI

    These type of sales are exciting vs waiting for that big sale.

    Give me these flips each month and I’m a happy camper.

    Also via Godaddy , its like opening a Christmas gift. Your in surprise when you open gift. Same goes with Godaddy and when email arrives in your in box. Nice surprise!

    Godaddy is a powerhouse. Love them!

  2. Gnanes
    January 8th, 2012 @ 11:56 am

    Congrats on the sale. lol Did Dudu(.) com buy it?

  3. DomainAssets.ca
    January 8th, 2012 @ 12:29 pm

    Haha! funny name…you just never know what will sell. Every week I look at the dnjournal sales charts and wonder why some sold.
    Congrats on holding and making a good sale.
    Cheers,
    Jim

  4. Avraham
    January 8th, 2012 @ 9:09 pm

    I did flip a few domains freshly registered, but it demands a lot of faith to wait 3 years, renewing with a name like that. I also believe, godaddy has eyeballs. sometimes if the domain has some pr, I also post them on ebay, that generated sales on the past.

  5. Maksim
    January 9th, 2012 @ 1:10 am

    Congratulation, nice flip! I have already three Godaddy premium sales for now, all are in the mid XXXX. So far so good.

  6. Jason Thompson
    January 9th, 2012 @ 2:05 am

    Good name, great sale! I’m sure there will be many more to come. Keep up the momentum!

  7. TeenDomainer
    January 9th, 2012 @ 9:20 am

    Thanks everyone, The reason I kept the name was because I kept getting low offers and although it took 3 years to sell I knew that it had some demand.

    Hopefully I can get some more sales like this is 2012!

  8. Josh
    January 9th, 2012 @ 9:48 pm

    Good job on continuing to renew that name until it sold. Those low offers were telling you something, and you listened. One thing I do when I receive an offer that doesn’t pan out is raise the price on fixed-price listings. That initial interest (even when it doesn’t result in a sale) indicates growing demand.

    Higher priced names can sell on GD Premium, too. I sold one in November for $3k (a name I caught in August with GD’s drop catching service).

  9. Mike
    January 10th, 2012 @ 6:27 pm

    Godaddy took ~ 30%? !! ?

  10. TeenDomainer
    January 11th, 2012 @ 7:48 am

    Yes, that is their standard commission on the premium listings.

  11. Valuenet
    January 23rd, 2012 @ 4:50 am

    Congrats on the sale! Yes, GoDaddy premium is worth it on some end-user type domains

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