In this article, you will learn how to leverage Godaddy auctions India to get that premium domain you have always been looking for.
We will talk about the advantages of this strategy, as well as some pitfalls that can come with it.
I think most people are aware that GoDaddy India has an auction system where they allow buyers to bid on names.
But what many people don’t realize is just like any other marketplace, there are also sellers!
And in fact, if you’re not looking to build out a brand new business or product from scratch in India then buying up cheap domains in India and reselling them later could be one way to generate a passive income stream without having to spend time building something from scratch.
That is why in this post I’m going to cover:
- What exactly does Godaddy offer in their domain auction system
- What are the advantages of this strategy, as well as some pitfalls that can come with it?
What is Godaddy India Domain Auction?
Godaddy Domain auction in India is a section of the domain name marketplace that facilitates buyers to bid on names.
The first thing you need to understand about this system, though, is that it’s not just for people who are looking to build out a brand new business or product from scratch.
In fact, if you’re not interested in spending time building something from scratch then buying up cheap domains in India and reselling them later could be one way to generate a passive income stream without having to spend much time at all.
What are some advantages?
Easy to use
One big advantage of Godaddy India Domain Auction is how easy it can be.
This isn’t like traditional bidding – where everything becomes competitive very quickly and getting your finger off the trigger before someone else does become difficult.
Fair and open
One of the best things about Godaddy India Auction is that it’s a fair and open marketplace.
You can set your own bidding strategy, bid in increments, or even outbid someone on their final bid should they not follow through.
It is also worth noting that many GoDaddy India domains are cheaper than what you would find elsewhere – sometimes up to 90% off retail prices!
Bidding ends quickly
Another big advantage with GoDaddy auctions India service is how quickly these auctions end.
While traditional domain auctioning services like Flippa may take weeks before a sale goes through, at Godaddy India domains sell within minutes.
This means that there isn’t any waiting around for bids to come in when looking for an opportunity.
No special skills required
Another major advantage to buying and reselling domains on GoDaddy auctions India is that you don’t have to be an expert in marketing or product development.
Instead, all you need is a little understanding of how domain auctions work and an account on Godaddy’s auction system!
Another major benefit to this approach is more straightforward: while one person might not want your domain because they’re building something from scratch (like I mentioned before) another would love it for their next website project.
This method has also been shown to help generate passive incomes without having to spend time managing anything at first.
Just make sure you learn about what terms should come with any purchase so there’s less chance of an issue.
What are some disadvantages?
However, one disadvantage with the GoDaddy auctions India service might be that the domains are not Premium Domains.
Well, most of these domains may be misspellings or other variations of a domain which might limit their usefulness.
One thing to keep in mind is if you want to purchase domains outside of your country, some countries won’t allow imports from Godaddy auctions India meaning it’s best to look into this before bidding on anything.
How to get started with GoDaddy auctions India
To get started with the Godaddy domain auction in India, you first have to sign up for a free account on https://in.godaddy.com/auctions/domain-auctions.
Here, register your credit card or PayPal information so you can buy domains from the auction if your bid is successful
It only goes for ₹372.39 per year.
The next step is to browse auctions and place bids.
How to win the domain bidding in India
If you’re interested in bidding, it’s best to keep an eye on what other bidders are doing.
By doing so, helps prevent someone else outbidding you by raising their maximum bid before yours has expired
The earlier you place a high-enough initial bid, the more likely it is that nobody will be able to top it later as people have less time available to respond with another higher offer.
You should also watch out for proxy bidding scams where a user might make false bids just below your own max limit, in order to get you to increase your own bid
If you want the domain, then make sure that it is a good one for what you need.
You can find domains by category and popularity or type.
But be careful because there are other people looking at the same ones as well.
As mentioned earlier, on GoDaddy auctions India, there are both buyers and sellers.
How do I sell my domain on the GoDaddy India auction?
As mentioned, domain auctioning in India allows sellers like yourself to list domains up for sale in a public marketplace, often called an e-commerce site such as eBay or Amazon Marketplace.
You can also sell through websites that specialize solely in the buying and selling of domains (like GoDaddy India).
What should I know before listing my domains for sale?
Before you list your domains for auction in India, it is wise to have some hard numbers on what they are worth and how competitively priced they might be in comparison with other listings.
There you will find average prices that sellers typically sell their domains for broken down into categories such as Auction Lengths (e.g., Daily) and Types of Domains (e.g., US Only).
The pricing guide provides an estimate based on past auctions but may not account for any special circumstances like brand power, market conditions, or domain age.
How long does domain auction in India last?
A typical domain auction in India lasts for a month.
If you’d like to run an auction that is shorter than one month, the minimum length would be five days and it must end on Sunday night at 11:59 PM US Pacific Daylight Time or PDT (GMT-0700).
The domains are available in six categories based on their popularity with search engines and the general public:
- Business & Industrial
- Computers & Electronics
- Entertainment & Society
- Games, Sports, Leisure Activities
- Home & Garden
- News Media – Regional
The average price of a domain on GoDaddy auctions India varies depending on the availability of the name as well as its category type which ranges from .99 cents up to $999 dollars respectively.
This pricing also depends on the relevance and popularity of the domain name.
What are GoDaddy auction fees?
GoDaddy India and Afternic do not charge a fee to list your domains for sale. You pay a sales commission only when you sell your domain.
Afternic will receive a 20% commission on all sales.
Is Domain Flipping profitable in India?
Domains can be flipped for profit, but it is not a sure thing. If you purchase the domain auction at an average price of $25 dollars and then sell it on GoDaddy India Domain Auction for say 300-500% profit that would mean your net gain was 100%.
This means if you buy one domain in this example for 25$ and flip it for 500$, your total outlay would be 125$.
You need to have about three or four domains in order to make real money from flipping domains.
Is Domain Flipping dangerous?
Domain Flipping in India may sound like gambling, but there are ways that people use as safeguards against loss:
- Do their research before buying any names
- They only invest funds that they can afford to lose, and
- If the domain name doesn’t sell for at least double its purchase price in a reasonable time frame, then it is sold or used as an advertising domain.
The most important thing about Domain Flipping in India is that you make sure you are not spending more than what the domain name will be worth when flipped.
The best way to know how much your potential flip would cost you is by looking at similar names currently being offered online.
Having this knowledge allows people to buy high-value domains in India before someone else does without overpaying themselves with bids, which could lead to disaster!
Final thoughts on GoDaddy auctions India
The domain auction system is the perfect way to go if you want a one-time purchase that’s going to be worth it in the long run, and who doesn’t!
It takes some work but as I mentioned before, there are plenty of resources out there to make this process much easier for anyone interested. Give yourself or your business the opportunity for success by buying domains at Godaddy auctions today!