In the past, premium listings pretty much worked like this: if a domain was sold, they’d send you a check… eventually. It took ages until the seller got paid and the entire arrangement showed a clear lack of respect towards domainers in my opinion. All of this changed and as some of you already found out, GoDaddy introduced new payment options as well as (considerably) faster payment timeframes.
Ok, I get it.
Their justification for the prior arrangement was the fact that they could have lost money due to chargebacks.
But come on, you can’t run a business without calculated risks.
They finally understood this and implemented changes accordingly, making GoDaddy premium listings a reasonable solution.
A smart decision in my opinion, can’t believe it took them this long 🙂
November 17th, 2012 at 6:13 pm
It’s still not good enough. That’s what us wrong with domainers, we sing praises or kiss up while kicking down. As far as someone is, or a company is a successful entity, we devote blog after blog praising them for very little. To me, domainers lost it when these large entities got away with their shenanigans. I’d say stop praising anybody for doing what they should be doing.
November 17th, 2012 at 6:58 pm
@Uzoma: this change is a pretty big deal in my opinion. The previous arrangement was beyond ridiculous when it comes to payment timeframes and options but still, a lot of people made a nice chunk of change through their system.
GoDaddy is huge, they have lots of “eyeballs” and by letting those eyeballs see that your domain is for sale, a lot of people who probably weren’t even aware that you can buy domains at more than the registration fee become potential customers.
Will lots of huge sales be generated through GD premium listings?
I doubt it since the type of potential buyer that finds out about your domain through premium listings is (in most cases) not someone who is willing to spend a lot of money on a domain.
Will lots of “average” sales be generated?
Yep, lots of “average” sales have been generated in the past and after this change, I think the volume will be higher.
For average sales, most people aren’t willing to go through the hassle associated with the previous system.
But with the new one, moving inventory via GD premium listing becomes a more reasonable solution.
November 17th, 2012 at 8:44 pm
Andrei
What mi missing?what is the change/solution ?
I went to their site and it still takes 45 days after the end of that month to fund.
November 17th, 2012 at 8:51 pm
@Uzoma
I’ve seen your names and don’t worry you will never sell one through Godaddy premium listings anyway. Good luck with Domoclature or Nomoreclature or Dumboclature, sorry I can’t remember that horrible name. LOL
November 17th, 2012 at 10:02 pm
Still, a 30% commission is absurd. Also, unlike a regular GoDaddy Auction listing, there is no way to tell how people are viewing your domain auction.
November 18th, 2012 at 5:19 am
@Rich: here are the changes I’m referring to ->
http://support.godaddy.com/help/article/3494/getting-paid-for-premium-listings
November 18th, 2012 at 9:11 am
@gary – 30% is ok when you take into account the reach they provide you .