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Important changes coming for GoDaddy domain auctions

Posted by AbdulBasit Makrani on March 11th, 2015

Hello and Assalamo Alaikum,

I received an email from GoDaddy which is important for you to read if you are dealing through GoDaddy Auctions. Below is the entire message:

We’re making a few changes to our commission structures, which will make them some of the most competitive in the market. First of all, we’re adding Premium Domains to Buy-It-Now Auction searches to broaden your audience. Simply list your domain as you normally would for a Premium Domain and it will show up in both auction listings and domain searches. If you set it up as a Buy-It-Now Auction, you’ll be prompted to upgrade it to a Premium listing as well. We’ve been hard at work making sure the fees make sense and provide discounts for higher-valued sales. Now they’ll be based on the domain sale price. Take a look at these three tiers:

Cost of domain	Commission fees
$50-$5000	20% ($15 minimum)
$5,000-$25,000	$1,000 +15% of amount over $5k
$25,000+	$4,000 +10% of amount over $25k

Please note we’re setting a minimum of $50 for Buy-It-Now Auctions and $100 for Premium listings. We’re also setting a $20 minimum listing price for 7-Day Auctions and Offer/Counter-Offer domain listings.Along with the changes to new listings moving forward, we’ll be converting existing listings over to the new system over the next 3 to 4 weeks for an early April launch.

If your domain is below the new minimum offer price, we’ll bump the minimum offer up to $20 for 7-Day Auctions and Offer/Counter-Offer listings.
If you have a Buy-It-Now Auction listing priced below $50, we’ll switch it to an Offer/Counter-Offer listing with a minimum price of $20.
If you have a domain that’s listed as both a Premium Domain and a Buy-It-Now Auction, we’ll consolidate it and use the higher of your two price points.

If you don’t want us to change your listing prices automatically, simply update your domain pricing manually before March 31st, and it will default to the new listing rules when we roll out the new structure.

Please give us a call if you have any questions about the process at 480-505-8877.

Sincerely,
GoDaddy Auctions Team

What do you think on these changes made by GoDaddy?