Last night I commented on Raymond’s latest post on TheDomains.com. Apparently Rick Schwartz tweeted about being upset with Godaddy for allowing people to bid on expired domains that they own, at least I think that’s what he’s saying.
There may be a few misconceptions here based on Ricks tweets and the comments after the article. I could be wrong but I feel like I have a pretty good grasp on the Godaddy domain life cycle.
First off, you can’t bid on your own auctions. The auction says “you are the owner”. You could, in theory, bid on a name that you own, but that is part of Godaddy’s expired inventory. I have no idea why you would do this as Godaddy will get the proceeds. I also have no way of knowing who is bidding on the names at Godaddy, but I feel like they have been pretty good at regulating the auctions. I think that paying a yearly fee lowers the amount of false bidders, and as most of the auctions are their own expired inventory, I am not concerned about shill bidding. If they were bidding up their own auctions there would be hell to pay, and there are too many people working there to keep that a secret.
Next, What would the motive be for bidding on your own expired domain? The only thing I can think of that makes any kind of sense is to artificially inflate the price. With this theory the owner would renew and pay the Godaddy reinstatement fee or transfer the domain to another registrar, while hoping the final sales price gets recorded at NameBio, giving the seller a free appraisal and comp.
As I said above, the owner can simply move the domain for $8, so bidding on the name instead of paying the transfer fee seems crazy. Best case scenario you let the name go to closeouts and pay the $5 +reg fee, but you’re still paying more than the transfer.
Raymond posted a quote from Paul Nicks from a previous interview. He talks about the 45 day auto renew grace period during which the auction starts at day 25, with the name being transferred into the winning bidders account on day 42 maybe 45, it’s not clear. No where does he mention the additional Redemption period that starts after the name has been deleted.
This is the time period that was originally intended as the fail safe for people to recover their expired domains, but it has been superseded by the auction process. Godaddy charges the reinstatement fee of $80 once the auction has started and this money goes to Godaddy. If you have a name that has entered redemption the max fee to recover the domain should also be $80, according to Verisign, and that money goes to Verisign. In theory you could manually delete all of your expired domains, pushing them into redemption and causing Godaddy to be unable to auction them.
But again why would you do any of this when you can transfer the domain to another registrar? As Raymond’s article says, Rick S. is unhappy with Godaddy and transferring his domains away, but I am still unclear what it is he’s upset about. I thought it was common knowledge that you could bid on any expired inventory, including names that you own that are expired, but why the hell would you do that in the first place?
- Main List NameJet Flippa/Sedo
- LLLL.com’s LLL, CCC, 5L Other LLLL’s
- Short Brandables Numbers One Worders Vape, Vegan, VR
- Snap Names/Dropcatch NamePros Godaddy Value BIN
- Available For Reg Fee
Cartograph.com Fancy way to saw or make a map
The No Bid List
BestKidEver.com This is anomaly, no one thinks their kid is the best kid ever all the time
BloodBucket.com Like brand bucket except for blood. No idea what I mean by that
BronxRental.com Lot’s of people and things to rent
BuzzBattle.com A ganja competition, which strain gives you the best buzz
CasinoVenture.com Build your own system to beat the house and sell it to suckers
DoItOnlyOnce.com Don’t have to repeat this task, once and done. Maybe it’s a call to action for paint
DrugAssure.com Make sure you’re taking the right drugs
EntireReport.com Not just half the report, the whole thing
FewTell.com Not much info, no one talks about it
GetMyToken.com Create your own personal token or coin
HeartKeep.com A locket or something dear to your heart
HelpLot.com Help a lot, but shorter
HurtStop.com Pain relief
MileCash.com A hybrid mix of cigarette rewards. Do these even exist anymore?
NewVow.com Renew your vows
NoVerdict.com The jury is still out
OwnParadise.com A sales site for exotic property, own your own little piece of Paradise
PaymentLocker.com Keep your payments secure
RunningSafe.com Reflective vests and bear spray
TwoChains.com Not just one but 2 chains, maybe it forked
oboxo.com Nice little brandable
Your LLLL.coms of The Day
LLL’s, CCC’s, 5L’s
MORE Short Brand Dot Coms HERE
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