What a winding path I’ve been since starting this both nearly 5 years ago.
From my early start with a focus on search marketing to current contentment and assignment as a Domain Name Strategist and Domain Investor.
It’s been a fun journey, especially since I’ve settled into the art and science and wheeling and dealing domains.
I don’t have many sales a year, but I aim to sale at least 7 domains a year with a minimum of 3 4-figure sales. The minimum helps to cover the cost of annual renewals.
So, I’m not a hardcore flipper like Josh from DSAD.com, whereby he could sale the word flip itself much like breathing.
Nevertheless, when performing a sale, one thing I’ve learned over the years is to use “Push” over “Transfer”.
For instance, towards the end of last year, I purchased a domain for $41 from GoDaddy’s Aftermarket for expired domains.
Within less than a month of the winning, paying for, and receiving the domain in my account, I received an email inquiry from a prospect buyer using their company email address.
Long story short, I sold the domain for nearly $3,600 in less than a 30-day period of ownership via Escrow.com and a simple GoDaddy feature.
In most cases, this is nearly impossible because once you receive a domain, there is a 60-day transfer lock imposed for GoDaddy accounts/domains. This lock prohibits a party from transferring the domain to another party.
On the flip side, It’s not always granted, but you could call GoDaddy and plead your case in hopes of receiving the golden key to unlock your digital asset. But don’t count on it!
So, wait a minute… I know what you’re thinking. How was I able to complete the sale of an expired domain less than 30 days from receiving it in my GoDaddy account?
Fortunately, GoDaddy has an option allowing a party to “push” a domain from one account to another GoDaddy account.
So, if you have a buyer with a GoDaddy account looking to purchase your domain, I always recommend using “push” over “transfer”.
A domain “push” at GoDaddy can be removed from my account and appear in the buyer’s GoDaddy account in less than 10 minutes.
That’s not the same for transfers where you likely have to wait hours and in most cases days for the domain to transfer. And God forbid the contact information on the domain is misspelled, or incorrect in some shape, form or manner.
There is one downside to consider with a domain “push” over “transfer”. Your contact information remains associated with the domain when “push”-ing.
Now you could update the contact information when performing a “push”, but that’ll lock the domain up for a period of 5 days of wait and verification.
It’s best to “push” a domain and not update the contact information to reduce the time of sale.
The buyer can always update the contact information associated with the domain to their information once the domain has been successfully pushed to their GoDaddy account.
All in all, a domain “push” over a “transfer” at GoDaddy saves you time and allows the opportunity to expeditiously close more deals.
Not only that, but it takes minutes to setup a GoDaddy account for buyers that don’t already have an established GoDaddy account.
To learn more about how to “push” a domain, watch the tutorial video I’ve prepared. Thanks and that’s all for now!
Also, please don’t hesitate to send me questions or comments about any of the topics I’ve mentioned above.