Reduce your commission rate by changing your price.
Last week I sold a domain through GoDaddy Premium Listings for $1,750. I’m happy with the sale, although is stings to pay a $525 commission.
A couple weeks ago Adam Strong noted that GoDaddy reduced its fee on Premium Listings sales from 30% to 20%, but only on listings created in August. He suggested deleting and re-adding domains to take advantage of the lower commission rate. For the domain I just sold it would have saved me $175 in commissions.
One of my readers emailed me about an easier way to reduce your commission rate from 30% to 20%. Instead of deleting and re-adding a listing, you can just change the price. This changes the rate to 20%.
This is easy to do by editing each domain name. But if you have a lot of domains on the system this is too time consuming.
I found that you can do a bulk edit fairly easily once you know where to look.
1. Go to Tools > Exportable Lists
2. Click “Add New Export”
3. Choose “Premium Listings” from the drop down and click “Next”
4. Check the box for “List Price” and click “Next”
Now you have a .csv of all of your listings and prices. Open the .csv.
5. Change the columns to the format domain, price (you may need to use the “concatenate” function)
6. Change your prices on each domain
7. Copy the list
8. Go Buy/Sell > Premium Listings
9. Click “Advanced Edit” and paste the list, hit “OK”
I found the Advanced Edit feature to freeze if you input a lot of domains, so you might need to do them in batches.
I suppose a friendly account rep might be able to bulk change the prices for you, too.
Hat tip: Joshua
James says
Great info, thanks for passing on…just got to sell some now to benefit 😉
Meyer says
Congrats on selling the domain.
Sorry about paying 30% commission.
Hopefully, you will receive the money by Thanksgiving if the buyer pays.
(not trying to be sarcastic).
mike says
@meyer,
godaddy premium listings are bought before you get the notice, and it goes right into the users account.. the 45 day holding period is mostly dispute/chargeback reasons
John Humphrey says
Was there any verification along the way that your commission was changed to 20%?
Thanks for the detailed instructions!
Andrew Allemann says
@ John Humphrey – it will show 20% next to the listing on your account dashboard.
Samantha Stewart says
Thank you for the tip! Just edited our entire inventory and used the commission decrease as an opportunity to lower prices by an equal amount.
FYI – Advanced edit in Godaddy seemed to time out (freeze) for me when I tried to input any more than 100 domains at a time.