I have a domain name in Go Daddy. I tried following the directions in WA's Site Builder as to how to change the nameservers, however, I'm not seeing the process as explained.

Can I just change the nameservers after clicking on my Go Daddy domain's DNS. Ther's an opportunity within my domain's DNS page where I just change the two nameservers and it's done.

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MoritzS Premium
Yes, that's it. Just change those two and you'll be able to use your domain at WA in usually 30-60 minutes.
Sometimes it takes longer, sometimes it's faster.

Did you already create a website for that domain?
If yes and you want to keep it, you have to move your content to WA first or you will lose that content.
SiteSupport can help with that.