Buying expiring domain - what's the better tactic?

5 replies
OK, I spy the .com of my competitor already a month and half post-expiry date and I fancy picking it up. It's still with GoDaddy, but now parked, I guess the current owner won't be claiming it (no idea why, it's on page one for the exact-match).

What's the better tactic - use GoDaddy's Domain Buy service for supposedly $69, or backorder it with SnapNames or one of the others and wait for it to drop (I don't anticipate any other bidders - modest niche, no other bidders still)?

GoDaddy would seem the obvious choice - a dead cert I can get it? But theirs is not a backorder service, they want to "Attempt to contact current domain owner, to determine interest in selling their domain. Negotiate the sales price of your desired domain (if the owner is willing to sell their domain)."

I don't want them doing that!! I just want to buy it quietly when it drops for $69, not have them start alerting the owner that someone is interested in the domain, and jacking the price up for the commission!

So what's the better tactic (o ye more experienced ones! Never done this before)?
#buying #domain #expiring #tactic
  • Profile picture of the author BeachDude
    I always go the GoDaddy route.
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    • Profile picture of the author markowe
      Originally Posted by BeachDude View Post

      I always go the GoDaddy route.
      But I noticed that their "backordering service" (I think I was looking at the wrong thing) says, "All backordered domains will go to auction and may have multiple bidders."

      So basically instead of me quietly buying it when it drops without anyone else even noticing, they are going to list it on their auction listings just because I backordered it and they now know someone is interested and there might be a higher price to be had by them?! Am I getting that wrong?
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  • Profile picture of the author BeachDude
    Just buy through GoDaddy auctions. I buy all my expired domains through GoDaddy auctions and it works very well.
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    • Profile picture of the author markowe
      Originally Posted by BeachDude View Post

      Just buy through GoDaddy auctions. I buy all my expired domains through GoDaddy auctions and it works very well.
      Yeah, but this domain might not ever go to auction if I just wait for it to drop. I don't WANT it listed as an auction item and potentially attracting much higher bids if I can avoid that! Or is that inevitable with GoDaddy?
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  • Profile picture of the author Go Daddy
    markowe,

    There seems to be some confusion about the difference between purchasing the Domain Buy Service vs. a Domain Backorder.

    When you purchase Domain Buy Service the price you pay up front is for the service itself. This cost does not include the cost of the domain registration should the current registrant choose to sell the domain. This cost is the price of the service provided where one of our Domain Buy reps contacts the current registrant to negotiate the best selling price. Here's more information about Domain Buy Service and how it works: x.co/XCMk

    If you opt to do a backorder, you are waiting on the current registrant to NOT renew the domain. If this happens and you are the only person with a backorder for that particular domain, you will be rewarded the domain for the price of the backorder only. You will then be responsible for any following renewal costs. If there are multiple parties who have also purchased backorders for the domain, the domain would go to auction and the highest bidder will be awarded the domain. Here are more specifics about how the backorder product works: x.co/XCMx

    Hopefully this information will help you determine which scenario is right for you. If you have any additional questions, we have 24/7 support available to help anytime: x.co/WeHelp

    ^Cj
    Go Daddy Social Media

    Originally Posted by markowe View Post

    OK, I spy the .com of my competitor already a month and half post-expiry date and I fancy picking it up. It's still with GoDaddy, but now parked, I guess the current owner won't be claiming it (no idea why, it's on page one for the exact-match).

    What's the better tactic - use GoDaddy's Domain Buy service for supposedly $69, or backorder it with SnapNames or one of the others and wait for it to drop (I don't anticipate any other bidders - modest niche, no other bidders still)?

    GoDaddy would seem the obvious choice - a dead cert I can get it? But theirs is not a backorder service, they want to "Attempt to contact current domain owner, to determine interest in selling their domain. Negotiate the sales price of your desired domain (if the owner is willing to sell their domain)."

    I don't want them doing that!! I just want to buy it quietly when it drops for $69, not have them start alerting the owner that someone is interested in the domain, and jacking the price up for the commission!

    So what's the better tactic (o ye more experienced ones! Never done this before)?
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