I have received 2 emails from GoDaddy Auctions and their brand Afternic Successively in the past few day, and the most important part of the emails is they are ready to increase the commission rates after a pronto period.
As I’ve been noticed, the new commission rate when you sell a domain at godaddy auctions and afternic will enhance to 20% the amount you are selling for, here are the three price tiers:
|Cost of domain||Commission fees|
|$50-$5,000||20% ($15 minimum)|
|$5,000-$25,000||$1,000 +15% of amount over $5k|
|$25,000+||$4,000 + 10% of amount over $25k|
So, let’s have a calculation for you:
$25 domain = $15 fee (minimum)
$200 domain = $40 fee (20%)
$8,000 domain = $1,450 fee ($1,000 + 15% of $3,000)
$40,000 domain = $5,500 fee ($4,000 + 10% of $15,000)
And there are another couple of final things to note:
- Both the Godaddy Auctions and Afternic were reset the minimum sales prices: the buy-it-now minimum is $50 and $100 for Premium listings, the 7-Day Auctions and Offer/Counter-Offer domain listings minimum amount is setting for $20. If your domain is below the new minimum offer price, then godaddy will bump the minimum offer for you (no action required).
- If you have domain names listed in the Network Promotion, they’ll remain as-is, but the commission rate will be change to reflect the rates in the table above.
And of course, there are good news too! They are seems to work hard to make it easier to list your domains in one place and reach a broader audience of buyers to increase your sales velocity and income.
What they do?
- Domains that can be fast-transfer enabled will be automatically promoted through the Afternic Premium Network.
- Our Premium Network includes listings on 8 of the top 10 registrars and over 75 million monthly queries.
- Domains without fast-transfer will automatically be placed in our Afternic Standard Network which receives about 35 million monthly queries.
Both Afternic and Godaddy Auctions will be started to carry out the new commission rates at early April 2015, as the signal showed.