NEVER Use TDNAM.com (GoDaddy) to sell your domain names

I listed a domain with GoDaddy on their TDNAM.com site for 90 days and it finally "sold" for $25,000.

I thought it was great, but was skeptical as the system they have there is amazingly flawed. When someone bids or buys on your domain, there is zero information on that "buyer". No contact info or rating system to see if they have received positive or negative feedback.

There is no way to tell if a buyer is legit - or a 3 year old that might have pushed the "buy" button.

Calling and emailing GoDaddy leaves you in the dark as well. Basically they say once we receive payment, we will contact you. Right... and if we never receive payment?

Well, as I suspected, this was a punk bidder and sure enough they didn't want to pay. So, here is the email I received (robot response, of course):

The buyer of ?????.com is unwilling to fulfill their purchase commitment. Appropriate actions will be taken against the bidder. In the meantime, we have re-activated your original listing on your behalf at no additional cost.

We apologize for any inconvenience. If you have further questions or concerns please contact us.

OH...How nice of them to re-activate my original listing with them! Wow! So then some punk (or the same guy) can do the same thing again.

Bob Parsons: You need to do some major upgrades on TDNAM.com - as it is now it SUCKS!

What can you do to improve it? Here are some ideas:

1. Have a positive/negative feedback system like eBay
2. Make the purchaser legally liable to pay - so sellers WILL get their money!
3. Give more contact info on the prospective buyers

I'm sure there are many other areas where the service can be improved... anyone care to offer additional suggestions?

 

dude calm down... every auction site has "punk" bidders.
if you don't htink it will work, don't use it

 

I faced a similar issue with sedo... after waiting for one one month they said "they are not able to get any payment from the bidder" During that wait time 3 people showed interest to buy that domain and I couldn't sell as my domain was stuck at sedo " waiting for funds"

I agree with you on first two points a) have feedback system and make bidder to pay for the domain.

Honestly, after that incident I have lost faith in sedo.

But... thats the risk of doing business in this area, it happens, take it as a learing and carry on

 

Yeah, but when you're selling a domain for $25,000, the last thing you need is to deal with punks. Sure, if it was a crappy $10 domain it wouldn't be a big deal. But this domain was listed for 90 days and someone "bought" it in the last few days.

The difference between a site like eBay and GoDaddy's site is you can't leave negative feedback or pursue the bidder in any way. They don't protect you as much as eBay does.

Honestly, I think the best way to sell is directly. I had the best luck selling directly - and then I used escrow.com to handle the transaction.

 

yes, it is best to do it directly, but it is harder to find buyers

 

Only issue is that you may not be able to find the right buyer who can offer you the right price at right time

 

First of all, I think something that high should be paid via Escrow, and you're fine really, as the buyer would get knocked out.

These things happen everywhere, so be careful and make sure you get the money before sending the product.

 

It's just the nature of the game at the moment, unfortunately.

I can understand your frustration. I've lost count of the number of domains that have been 'sold' only to fall through, mostly with Sedo, I must add.

 

Does anyone know of a GOOD service to use to sell higher priced domains? Obviously Godaddy's doesn't cut it...

 

Sedo have introduced a Buyer-verification system but I don't know how much of a difference it makes at the moment.

 

afternic.com also a great place to sell domain but i advice to stick with godaddy because for sure it will cost you another few dollars. instead of getting another service provider just get another good business related domain then add to a featured listing. well im not here to give advise but to get advise from you guys and have some proposition.



first i have some questions.
1. say i have a 6 letter word domain selling it to $1000 in what percent i can sell it?
2. those appraising domains for a fee do you think they real?
3. how many website you sell and how many of them got sold?

im also selling domains and think it was great to keep some domains for a few bucks.

i think some buyers think it was a great to buy a 3-4 letter word or easy to remember domain to give them traffic. but i think it only applies to some. maybe sex.com is reasonable for $12M because some bored internet user or those whose want to go to porn site just type sex.com in their browser but when i try to search the word "sex" in google it doest even appear on the first page.

the point of having website was to get visitors. the more visitors the more revenue you will get. we can get those traffic from search engines giants. and to get that traffic we need rank. to get rank we need contents, inbound links, aged and etc. etc.
here is my proposition. what if we sellers build a script together that will link us to each other , have a functionalities to put tags, description or contents etc etc to make a quality page and make the page related to our domain
the script can be installed on our free hosting(godaddy has a free hosting when you buy a domain), in that way if we can get ranks and sell the domain for much higher price. maybe there will come a time that we dont even think selling of our domain and used it for own commercial purpose. its better than parking our domain.

if someone aggree i can give at least an hour a week working on a script. but we need someone to volunteer to organized it.

 

I was selling domains on TNAM but now I only buy domains from them (ones I'm pretty sure they own).

My problem that even when you sell a domain and the user pays right away TDNAM hold the funds for 30 days without giving you any status.

I had a buyer bid and win 2 domains of mine... I waited and waited for payment.

I've done so much business with godday that I have an executive account manager. So I call him and asked about the sale. I was informed that TDNAM holds the funds for 30 days before releasing them (paypal) to make sure that there are no charge backs.

about 35 days went buy and I was selling domains on here and got mixed up a bit and I sold one of the ones that sold on TDNAM....

To shorten the story a bit... the payment showed up... the dude that bought them got mad... and I ended up giving him a few domains to settle the score...

TDNAM sucks for everything but buying expired domains directly from them.

 

I don't see how any service can force the bidder to actually make the payment. Part of doing business, really, it happens to all of us.

 

And how many among you here actually read the legal fine prints before using
that service? Ask questions?

 

I listed a few domains with TDNAM. One of my domains sold but I never received any e-mails. I logged in my TDNAM account and saw it is sold. Then the buyer contacted me telling he paid for the name and started a transfer. I transfered the name and started to wait but nothing happened. I didn't receive any e-mails. So I decided to send an e-mail to TDNAM support. Finally they replied : "Because of the complex nature of the issue our high skill technicians will work on it" That was the last e-mail I received from them. I can't understand how buying/selling a domain is a complex issue for a popular domain buy/sell company! I listed name, someone won the name and paid and now TDNAM will release payment, that is all. Is it complex?

It has been about 15 days since I transfered the name. I will wait for some time as some people above say TDNAM waits 30 days before releasing payment.

 

i also faced same problem months back