GoDaddy Domain Broker Service Overview
The GoDaddy Domain Broker Service is a specialized offering designed to assist investors, webmasters, and businesses in acquiring domain names that are already registered and not readily available on the market. Here’s a detailed look at what the service does and its key features:
What is the GoDaddy Domain Broker Service?
This service allows you to leverage GoDaddy’s expertise and resources to locate and acquire a specific domain name that is currently owned by someone else. GoDaddy’s team of professionals acts on your behalf to track down the domain owner, initiate contact, and negotiate a purchase agreement.
Key Features and Functionality
Domain Owner Location and Contact
GoDaddy uses advanced tools and their extensive network to locate the owners of registered domain names, which can be challenging for individual investors to achieve on their own.
Negotiation and Deal Brokerage
Once the domain owner is identified, GoDaddy’s experts negotiate the purchase price, starting with a lower range price and working to secure a deal within the budget you set. This ensures that you get the best possible price for the domain.
Anonymity
Throughout the process, your identity remains anonymous until the domain is transferred to your account, protecting your privacy and strategic interests.
Fee Structure
- An initial service fee of $99.99 (or $165 as mentioned in some sources).
- A 20% commission on the final sale price of the domain if the purchase is successful.
Process Timeline
- The service includes a 30-day period during which GoDaddy’s team works to acquire the domain.
- If an offer is made, you have 10 business days to accept or respond to any counter-offer from the domain owner.
Escrow and Payment Security
For transactions over $5,000, GoDaddy uses Escrow.com to ensure secure and reliable payment processing. This protects both the buyer and the seller by holding funds until the domain transfer is complete.
Customer Support
GoDaddy offers award-winning 24/7 customer support to assist with any questions or issues that may arise during the domain acquisition process.
Terms and Conditions
- The initial service fee is non-refundable.
- GoDaddy is not responsible for the seller’s refusal to accept the agreed-upon purchase price.
- In the event of a completed sale, GoDaddy ensures the transfer of the domain and handles the payment to the seller.
Pros and Cons
Pros:
- Access to additional resources and tools not available to individual investors.
- Professional negotiation by experienced domain brokers.
- Anonymity throughout the negotiation process.
- Comprehensive support from a well-established domain registrar.
Cons:
- The service is expensive, especially due to the 20% commission on the sale price.
- No guarantee of success.
- No refund of the initial service fee.
- Potential waiting period of up to 30 days for results.
The GoDaddy Domain Broker Service is a valuable tool for those determined to acquire a specific domain name, offering a combination of expertise, resources, and security to facilitate the process.