Subscribe to RSS Feed

12|17|2008 04:47 pm EDT

GoDaddy Stops Domain Warehousing Through Standard Tactics LLC

by Frank Michlick in Categories: Registrars

GoDaddy LogoAs mentioned in an ongoing radio conversation with Andrew Allemann of DomainNameWire on Radio GoDaddy, Bob Parsons, CEO of GoDaddy announced that he has taken the entire portfolio of 33,000 names owned under the Standard Tactics company (see the original story on DNW) and has listed these for sale on TDNAM with a starting price of $10 and a valuation number.

Parsons admitted that the domains were being held for “research purposes“. He also stated that out of the 33,000 names Standard Tactics has taken over, only 8,000 made money. Parsons later stated that the portfolio made roughly $40,000 USD per month, which he called “nothing to sneeze at“.

Andrew has published his review of the show here along with the other topics discussed, such as the 60 day transfer lock and trademark names being listed on TDNAM.

Tags: , , , ,

5 Comments

WannaDevelop.com

December 18, 2008 @ 6:24 am EDT

I was predicting that they will do something by the end of the year and come out as the “good guys” from all of this.

Lots of domainers should be kissing Andrew’s ass right now cuz he just saved a whole lot of money of future auctioned off names.

Bravo ;)

Chris Nielsen

December 18, 2008 @ 4:33 pm EDT

I’m not sure what to think about Bob Parsons. While I have not been a big fan of Godaddy, it’s mostly be for personal reasons, like I don’t like to be “upsold” over and over again. I just watched a couple of his videos on their site and read his “16 rules” and was starting to think he might be ok, even if I don’t like his style so much. Then I read about the steps taken to “hide” the connection to Standard Tactics (which I thought was an ‘interesting’ name to choose…!). Now I’m not sure what to think.

Well, I don’t know what to think about Bob, I know EXACTLY what to think about what ST was doing. Based on the numbers I see, the yearly “cost” for 33,000 domains is about $231,000. At $40k a month, the revenue generated is about $480,000, which means a gross profit of about $249,000. Nothing to sneeze about indeed!

Earn Cash From Google

December 18, 2008 @ 4:44 pm EDT

Im sorry, i hate godaddy! i use godaddy and my site is very slow! im going to switch next year for sure!

http://www.earncashfromgoogle.com – Make a living off of adsense!

Patricia Kaehler (DomainBELL)

December 18, 2008 @ 6:23 pm EDT

Thanks for the update…

That’s exciting news that so many will be dumped onto the market…

Is there a LIST of the 33k names somewhere ??
( eMail: domainbell at domainbell dot com )

Thanks in advance…

~Patricia Kaehler (DomainBELL)

Ron

December 20, 2008 @ 1:23 am EDT

An auction will be out of reach for the average joe. Anyone following the .ASIA auction will attest to this.

The average good domain name was going for $5,000/name

RSS feed for comments on this post · TrackBack URI

Leave a Reply