You can obtain a domain by registering a new one. By new one I mean a domain that has never been registered before. There are other options, such as purchasing a domain from someone that is no longer using it. Some individuals sell domains for a fixed price and others put them up for auction.
All about GoDaddy Auctions
GoDaddy Auctions is one place to be able to find the domain name of your choice. Buying a domain name could be a hassle if you are trying to deal directly with the domain owner. With the aid of Auctions, however, you can choose to bid on a domain name and if you win the transaction takes place through a third party which is GoDaddy. All you need to get started is to obtain a membership. The membership is valid for an entire year.
Create a Watch List
To begin with, adding the interesting domain names to one’s watch list is beneficial, as it allows one to compare the asking prices, number of bids, and ending time of all the selected domain names. Searching for domain names is easy. Also, it is now possible for you to choose to bid on the expired list of domain names as well.
The buyer is required to deposit renewal fee for a year along with the payment for the purchased domain. Not a huge expense.